Resona Holdings, Inc. Acquires Digital Garage, Inc. Shares Previously Owned by Oasis
In a significant move, Oasis Management Company Ltd., a leading investment firm, has announced the sale of its entire stake in Digital Garage, Inc., a Japanese IT company, to Resona Holdings, Inc. The transaction, agreed upon on July 31, 2025, marks a strategic alignment to expand settlement services and new business initiatives.
Background
Oasis had been an investor in Digital Garage since 2020, attracted by its growth potential in payments and investment. With a significant 18.6% share of Digital Garage's voting rights, Oasis had actively engaged with the company's management team to enhance its corporate value.
Reasons
Resona Holdings sought to deepen collaboration in payment and new business sectors by acquiring a stake and forming an equity method affiliate relationship with Digital Garage. This move aims to leverage Digital Garage's technology and competitive positioning to boost Resona's business development in these areas.
Outcome
The sale formalized a capital and business alliance between Resona and Digital Garage. The closing date is planned for between late August and late September 2025, subject to the fulfillment of conditions in the agreement. Both companies anticipate minimal impact on short-term operating results but expect medium to long-term benefits from the alliance and share acquisition.
Implications
Digital Garage, primarily operating in technology integration across IT, marketing, and fintech sectors, generates most of its revenue from marketing and payment solutions. Resona's move indicates an intent to leverage Digital Garage's technology and competitive positioning to boost its business development in these areas.
For media inquiries, please contact Taylor Hall at [email protected]. For Japan media, Tadashi Shiokai and Yuzo Iwaya from Ashton Consulting Limited can be reached at +81 03-5425-7220.
It is important to note that this transaction represents the opinions, interpretations, and estimates of Oasis. Under Japanese large shareholding disclosure rules, shareholders with joint voting agreements are considered Joint Holders, and they are required to file notification of their aggregate share ownership with the relevant Japanese authority for public disclosure under the Financial Instruments and Exchange Act.
As of today, Oasis holds 8,520,200 shares of Digital Garage, Inc., representing approximately 18.6% of Digital Garage, Inc.'s voting rights. Oasis Management Company Ltd. manages private investment funds focused on opportunities in various asset classes and has adopted the Japan FSA's "Principles of Responsible Institutional Investors" (Japan Stewardship Code). However, Oasis is not seeking shareholders' agreements to jointly exercise voting rights.
This strategic move is expected to strengthen Resona's position in the payment business and pave the way for new business development opportunities for both companies.
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