Business Reorganization Centered on Focus and Selectivity and Core Operations, with FY2022 as a Period of Transformation

「At a meeting of the Board of Directors held on 26 November 2025, the Company resolved, with the aim of improving management efficiency across the group and stabilizing the structure for growth, to dissolve the pure holding company structure around 1 April 2026 and carry out the absorption-type merger of 5 wholly owned subsidiaries: ＩＴｂｏｏｋ株式会社, みらい株式会社, 株式会社イスト, 東京アプリケーションシステム株式会社 and NXTech株式会社.」

「From the current interim consolidated accounting period, as part of the organisational restructuring pursued under the policy of focusing on selected businesses, the Group consolidated its operations into 4 segments—consulting, systems development, human resources, and civil engineering and construction—to accurately reflect the substance of its business activities and pursue growth through segment-specific strategies.」

「For FY2024, the final year of the medium-term management plan, the Company will seek to rebuild the group's earnings structure through the consolidation and integration of group companies, strategically strengthen its portfolio centered on core businesses, and reinforce group governance.」

「At a meeting of the Board of Directors held on 30 January 2024, it was resolved to carry out an absorption-type merger in which our consolidated subsidiary ＮＥＸＴ株式会社 would be the surviving company and our consolidated subsidiary ITbookテクノロジー株式会社 would be the absorbed company, and a merger agreement was executed on the same date.」

「As a result, the planned opening of a new location by NEXT株式会社 under its expansion plan, initially budgeted at ¥40 million, was cancelled, and the plan of ITbookテクノロジー株式会社 to spend ¥30 million on developing new products and expanding its proprietary IoT services overseas, including in ASEAN markets, was revised, resulting in ¥70 million of unallocated funds.」

「As part of the business restructuring under its medium-term management plan based on "selection and concentration," the Company carried out this absorption-type company split. It determined that using the funds obtained through the split to expand operations mainly in the strong Kanto area would enable it to increase profits, leading to the decision.」

「The M&A currently under consideration is based on the business plan's policy of pursuing M&A that creates sustainability and synergies. After taking selection and concentration into account, we plan to acquire businesses that can generate synergies with our core consulting business, including IT-related businesses, as well as businesses that will contribute to expanding our operations, such as ground investigation and improvement businesses and construction and surveying businesses within our other existing operations.」

「We have positioned fiscal 2022 as a period of transformation for all Group companies, made increasing the profits and enhancing the corporate value of each Group company our top priority, and will pursue business restructuring based on selection and concentration and the stabilization of our financial base.」