Komori
M&A and Subsidiary Changes302Ab-style holdings,Inc.Information and Communications, Services and Others

Notice Concerning the Acquisition of Shares in HRアソシエ Co., Ltd. (Making It a Subsidiary)

ビースタイルホールディングス has decided to acquire all 1,000 shares of 株式会社HRアソシエ and make it a consolidated subsidiary. The purchase price is ¥1,205 million, and the share acquisition is scheduled for 1 October 2026.

Worth reading
59In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
1205
¥ million (purchase price for the target company's common shares)
Wording
Conditional
How definitive the wording is.

This transaction

Acquisition of shares and conversion into a subsidiary
CounterpartySuzuki Takashi (鈴木 隆史)
Disclosing companyb-style holdings,Inc.
株式会社 HR アソシエVoting rights ownership percentageNumber of shares acquired 1,000 shares (number of voting rights: 1,000)

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.

TimelineThe spacing between the points is proportional to the actual number of days.
Target company

Recruitment consulting, recruitment outsourcing, employee education and training, production of onboarding materials and recruitment websites, and related businesses

Location Minato-ku, TokyoShare capital ¥10 millionDate of incorporation 23 July 2010
Net Sales¥763 million (fiscal year ended June 2026)
Operating profit¥72 million (fiscal year ended June 2026)
Net income for the current fiscal year¥61 million (fiscal year ended June 2026)
Net assets¥284 million (fiscal year ended June 2026)
Consideration and expenses
Acquisition price¥1,205 million for the target company's common shares
Expenses other than the acquisition priceApproximately ¥9 million in advisory fees and other expenses
Type of ConsiderationCash (consideration for the share acquisition)
Funding arrangementsThe company plans to finance part of the purchase price through borrowings from financial institutions and fund the balance from cash on hand.
Impact on Business Performance

The impact is currently under review. If the company determines that revisions to its consolidated earnings forecasts are necessary or that other matters should be disclosed, it will promptly issue a further notice.

Procedures and assumptions
Management structure after acquisition株式会社 HR アソシエ is scheduled to become a consolidated subsidiary of the company.
This transaction
ItemDetails
Transaction nameAcquisition of shares and conversion into a subsidiary
Counterparty nameSuzuki Takashi (鈴木 隆史)
Name of the Subject Company株式会社 HR アソシエ
Business Description of the Subject CompanyRecruitment consulting, recruitment outsourcing, employee education and training, production of onboarding materials and recruitment websites, and related businesses
Location of the Subject CompanyMinato-ku, Tokyo
Capital Stock of the Subject Company¥10 million
Date of Establishment of the Subject Company23 July 2010
Net Sales of the Subject Company¥763 million (fiscal year ended June 2026)
Operating Profit of the Subject Company¥72 million (fiscal year ended June 2026)
Net Income of the Subject Company¥61 million (fiscal year ended June 2026)
Net Assets of the Subject Company¥284 million (fiscal year ended June 2026)
Acquisition price¥1,205 million for the target company's common shares
Expenses other than the acquisition priceApproximately ¥9 million in advisory fees and other expenses
Type of ConsiderationCash (consideration for the share acquisition)
Number of shares acquired1,000 shares (number of voting rights: 1,000)
Voting rights ownership percentageBefore 0% → after 100%
Funding arrangementsThe company plans to finance part of the purchase price through borrowings from financial institutions and fund the balance from cash on hand.
Impact on Business PerformanceThe impact is currently under review. If the company determines that revisions to its consolidated earnings forecasts are necessary or that other matters should be disclosed, it will promptly issue a further notice.
Date of board resolution17 September 2026
Contract Date17 September 2026
Execution Date / Effective Date1 October 2026 (scheduled)
Management structure after acquisition株式会社 HR アソシエ is scheduled to become a consolidated subsidiary of the company.
Items this document does not state (10)
Merger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution

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 company aims to build a business portfolio that is less susceptible to competition in the job advertising market by incorporating HRアソシエ's RPO business and generating synergies with recruitment outsourcing services for companies using しゅふJOB. It also plans to capture growth in the RPO market for large companies and improve differentiation and profitability through interaction with its BPO business in the human resources field.

How to read this page

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Notice Concerning the Acquisition of Shares in HRアソシエ Co., Ltd. (Making It a Subsidiary) | b-style holdings,Inc. (302A) timely disclosure | Komori