Infomina renews RM22.1 million software contract with Panasonic Digital in Japan
Infomina Bhd is strengthening its regional operations in Japan as its wholly owned unit renews a five-year software subscription and maintenance contract with Panasonic Digital Co Ltd. The agreement, valued at 855 million yen, or approximately RM22.1 million, is scheduled to commence from 1 Sept 2027 until 31 Aug 2032, subject to new purchase orders.
Highlights
- Infomina Japan renews RM22.1 million software contract with Panasonic Digital in Japan for five years from 1 Sept 2027 to 31 Aug 2032.
- The contract covers subscription management, licence administration, support coordination, usage monitoring and system assessments for Panasonic Digital's operations and data automation.
- Infomina shares fell 3.23% to RM1.80 on Monday, with a market capitalisation of RM1.08 billion, but are still up nearly 40% since the start of the year.
This article was translated from the original. Read the original version by our correspondent here.
Contract scope and implementation period
As reported by The Edge Malaysia, citing a filing with Bursa Malaysia, Infomina Jalan K.K., referred to as Infomina Japan, is responsible for procuring and administering software licence subscriptions; managing billing arrangements; coordinating support and licence changes; and monitoring licence usage reporting and compliance.The unit also assesses and monitors Panasonic Digital's software environment to ensure systems are updated and use the latest supporting software. The company said the contract forms the backbone of Panasonic Digital's operations, enabling large-scale data processing as well as automated analysis and reporting to support business decisions on a broader scale.
The contract is expected to run for five years from 1 Sept 2027 to 31 Aug 2032. Further renewals are subject to new purchase orders.
Significance for growth and market reaction
In a statement on Monday, Infomina chief executive officer Yee Chee Meng said the contract strengthens the company's portfolio and presence in Japan, which he sees as a key pillar of the group's regional growth strategy.From a market perspective, Infomina shares closed 3.23% lower at RM1.80 on Monday, giving it a market capitalisation of RM1.08 billion. Nevertheless, the company's shares are still up nearly 40% since the start of the year.
In our earlier coverage of the equity market performance in Malaysia for the first nine months of this year, we highlighted how technology and semiconductor-related stocks drove gains in the Bursa Malaysia Technology Index despite the relatively weak FBM KLCI. The article also explained how net foreign selling and macro risks such as higher US interest rates and rising bond yields constrained valuations, shaping sentiment towards technology counters.
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