Worth reading
69In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
325
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.This transaction
Name of transactionCounterparty (target company)Inside Growth Co., Ltd.
Disclosing companyfonfun corporation
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Staffing services, recruitment placement services, SES services, new business support services and insurance agency services
Location Chiyoda-ku, TokyoShare capital ¥50 millionDate of incorporation 18 March 2004
Net Sales¥3,787 million (fiscal year ended March 2026)
Operating profit¥47 million (fiscal year ended March 2026)
Net income for the current fiscal year¥33 million (fiscal year ended March 2026)
Net assets¥443 million (fiscal year ended March 2026)
Consideration and expenses
Acquisition price¥325 million
Type of ConsiderationCash
Goodwill amountPositive goodwill of approximately ¥325 million. The amortization period has not yet been determined.
Goodwill is the amount paid in excess of the acquired company's net assets.Impact on Business Performance
The transaction is expected to have a material impact on the Company's consolidated results, but the amount of the impact for the fiscal year ending March 2027 has not been determined and is not included in the current consolidated earnings forecasts.
Procedures and assumptions
Valuation methodologyDiscounted cash flow method (DCF method)
Independent valuation institutionShimoda Certified Public Accountant Office (Representative: Certified Public Accountant Shimoda Masaharu (下田雅治))
Conditions Precedent to ExecutionCompletion of the public notice in the Official Gazette and the period for filing objections in connection with creditor protection procedures. A resolution by the shareholders' meeting of インサイドグロース株式会社 is not required because this is a simplified absorption-type company split under Article 784, Paragraph 2 of the Companies Act.
Management structure after acquisitionThere will be no change to YNP's management structure following this absorption-type company split, and Matsui Miyako (松井都) will remain its Representative Director. YNP's name may be changed, and the target business's customer staffing business will be added to YNP's business activities.
| Item | Details |
|---|---|
| Transaction name | Name of transaction |
| Counterparty name | Inside Growth Co., Ltd. |
| Name of the Subject Company | Inside Growth Co., Ltd. |
| Business Description of the Subject Company | Staffing services, recruitment placement services, SES services, new business support services and insurance agency services |
| Location of the Subject Company | Chiyoda-ku, Tokyo |
| Capital Stock of the Subject Company | ¥50 million |
| Date of Establishment of the Subject Company | 18 March 2004 |
| Net Sales of the Subject Company | ¥3,787 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | ¥47 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | ¥33 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | ¥443 million (fiscal year ended March 2026) |
| Acquisition price | ¥325 million |
| Type of Consideration | Cash |
| Goodwill amount | Positive goodwill of approximately ¥325 million. The amortization period has not yet been determined. |
| Impact on Business Performance | The transaction is expected to have a material impact on the Company's consolidated results, but the amount of the impact for the fiscal year ending March 2027 has not been determined and is not included in the current consolidated earnings forecasts. |
| Date of board resolution | 24 August 2026 |
| Contract Date | 24 August 2026 |
| Execution Date / Effective Date | 1 October 2026 (scheduled) |
| Valuation methodology | Discounted cash flow method (DCF method) |
| Independent valuation institution | Shimoda Certified Public Accountant Office (Representative: Certified Public Accountant Shimoda Masaharu (下田雅治)) |
| Conditions Precedent to Execution | Completion of the public notice in the Official Gazette and the period for filing objections in connection with creditor protection procedures. A resolution by the shareholders' meeting of インサイドグロース株式会社 is not required because this is a simplified absorption-type company split under Article 784, Paragraph 2 of the Companies Act. |
| Management structure after acquisition | There will be no change to YNP's management structure following this absorption-type company split, and Matsui Miyako (松井都) will remain its Representative Director. YNP's name may be changed, and the target business's customer staffing business will be added to YNP's business activities. |
Items this document does not state (10)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsAmount of extraordinary income (loss)Special 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 transaction is intended to expand the corporate group and advance M&A roll-ups in the DX solutions field. By combining the target business's customer base and operations with YNP's ability to utilize human resources, the Company aims to strengthen its human resources base, optimize personnel utilization and improve the earnings power of the Group as a whole.
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