CAVE Interactive announced a memorandum of understanding to acquire all shares of Success Plus, a company specializing in game machine development and animation production. The acquisition is set for June 30, with the final price to be determined upon concluding a share transfer agreement by that date.
Cave’s strategic move to acquire Success Plus reflects its commitment to diversifying its business portfolio and enhancing corporate value. This acquisition aligns with Cave’s goal of entering sectors that promise stable profits, complementing its existing game business. The company has been actively pursuing mergers and acquisitions to ensure sustainable growth and increased corporate value.
Success Plus, originating from a segment of Success Corporation’s amusement business, has a solid track record of receiving orders from major companies. Integrating Success Plus into Cave’s consolidated group is expected to bolster the group’s stability and growth prospects.
Following the acquisition, Success Plus will operate as a consolidated subsidiary of Cave. While the impact on Cave’s financial results for the fiscal year ending May 2024 is anticipated to be minor, the company has committed to disclosing any significant developments as they arise. This acquisition marks a pivotal step for Cave in strengthening its business foundations and exploring new growth avenues.
