S2W completes establishment of 100% Japanese subsidiary, investing 1.68 billion won to boost local competitiveness

S2W announced through a corrected disclosure on April 15, 2026, that it has completed the establishment of a wholly-owned Japanese subsidiary, S2W (Japan), for software development and supply.
This correction follows the initial voluntary disclosure on February 25, 2026, and reflects the completion of corporate registration.
The acquisition involves 18,000 common shares with a total acquisition price of approximately KRW 1.679 billion (JPY 180,000,000), representing 5.74% of its equity capital (approx. KRW 29.2 billion).
Funds were raised via cash, and the acquisition cost accounts for 11.27% of total assets (consolidated: KRW 14.9 billion).
The subsidiary is a newly established entity with no financial performance yet, and the investment aims to enhance competitiveness in the Japanese market.
[AI Summary]S2W's establishment of a fully-owned Japanese subsidiary is part of its overseas expansion strategy. The financial impact is limited in the short term (5.74% of equity), but it may contribute to local revenue growth and competitiveness in the long run. However, initial earnings contributions are expected to be minimal, making this a neutral event for the stock price.

Filing: [Correction of Description] Decision on Acquisition of Stocks and Investment Securities in Other Corporations (Voluntary Disclosure)
Company: S2W (488280)
Submission: S2W Inc.
Receipt: 04-15-2026
Under KRX KOSDAQ Market Division, Amended (Refer to related filing)