Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
42378
¥ thousandWording
Conditional
How definitive the wording is.This transaction
This company splitCounterparty (target company)スキマワークス株式会社
Disclosing companyTimee,Inc.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Development and operation of a staffing platform for logistics warehouses that addresses their workforce needs
Location Minato-ku, TokyoShare capital ¥174.999 millionDate of incorporation 2 June 2015
Net Sales¥632.637 million (fiscal year ended October 2025)
Operating profit-¥22.420 million (fiscal year ended October 2025)
Net income for the current fiscal year-¥50.317 million (fiscal year ended October 2025)
Net assets¥105.554 million (fiscal year ended October 2025)
Consideration and expenses
Acquisition priceNo consideration
Type of ConsiderationNo consideration
Impact on Business Performance
The Company considers the impact of this company split on its consolidated results to be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionAs this constitutes a simplified company split and a short-form company split, it will be carried out without obtaining approval at the shareholders' meetings of the transferring company and the successor company.
Management structure after acquisitionThere will be no changes following this company split to the Company's name, location, titles or names of its representative officers, business activities, capital or fiscal year-end.
| Item | Details |
|---|---|
| Transaction name | This company split |
| Counterparty name | スキマワークス株式会社 |
| Name of the Subject Company | スキマワークス株式会社 |
| Business Description of the Subject Company | Development and operation of a staffing platform for logistics warehouses that addresses their workforce needs |
| Location of the Subject Company | Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥174.999 million |
| Date of Establishment of the Subject Company | 2 June 2015 |
| Net Sales of the Subject Company | ¥632.637 million (fiscal year ended October 2025) |
| Operating Profit of the Subject Company | -¥22.420 million (fiscal year ended October 2025) |
| Net Income of the Subject Company | -¥50.317 million (fiscal year ended October 2025) |
| Net Assets of the Subject Company | ¥105.554 million (fiscal year ended October 2025) |
| Acquisition price | No consideration |
| Type of Consideration | No consideration |
| Voting rights ownership percentage | Before 100% (as of 31 October 2025) (after not disclosed) |
| Impact on Business Performance | The Company considers the impact of this company split on its consolidated results to be immaterial. |
| Date of board resolution | 18 May 2026 |
| Contract Date | 18 May 2026 |
| Execution Date / Effective Date | 1 August 2026 (scheduled) |
| Conditions Precedent to Execution | As this constitutes a simplified company split and a short-form company split, it will be carried out without obtaining approval at the shareholders' meetings of the transferring company and the successor company. |
| Management structure after acquisition | There will be no changes following this company split to the Company's name, location, titles or names of its representative officers, business activities, capital or fiscal year-end. |
Items this document does not state (12)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The businesses subject to the split and the businesses of スキマワークス株式会社 are highly complementary. The Company states that it aims to establish a more efficient and agile service delivery structure by combining the management resources of both companies, including their expertise and customer bases. It will reorganize the businesses into an organization optimized for their respective characteristics, accelerate business development and improve the corporate value of the Group as a whole.
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