Worth reading
51Recurring
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
950
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.This transaction
Business AcquisitionCounterparty株式会社 MAKE VALUE
Disclosing companyCyberStep Holdings,Inc.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Trading business for secondhand branded watches and other products
Net Sales¥3,110 million (fiscal year ended June 2025, branded watch division)
Operating profit¥82 million (fiscal year ended June 2025, branded watch division)
Consideration and expenses
Acquisition price¥950 million
Type of ConsiderationCash (bank transfer)
Goodwill amountPositive goodwill is expected to arise, but the amount is currently under review and has not been finalized. The company will disclose the amount once finalized in its financial results for the fiscal year ending May 2026. Amortization period: Not disclosed
Goodwill is the amount paid in excess of the acquired company's net assets.Impact on Business Performance
The impact on the company's results for the fiscal year ending May 2026 is currently under review. The company will promptly disclose any matters requiring disclosure that arise in the future.
Procedures and assumptions
Management structure after acquisitionThe assets and liabilities related to the business, the contractual positions under transaction agreements with suppliers and customers, and employees will be included in the acquisition. The company will proceed with the standardization and enhancement of business processes, including inspection, inventory management, shipping and customer support.
| Item | Details |
|---|---|
| Transaction name | Business Acquisition |
| Counterparty name | 株式会社 MAKE VALUE |
| Business Description of the Subject Company | Trading business for secondhand branded watches and other products |
| Net Sales of the Subject Company | ¥3,110 million (fiscal year ended June 2025, branded watch division) |
| Operating Profit of the Subject Company | ¥82 million (fiscal year ended June 2025, branded watch division) |
| Acquisition price | ¥950 million |
| Type of Consideration | Cash (bank transfer) |
| Goodwill amount | Positive goodwill is expected to arise, but the amount is currently under review and has not been finalized. The company will disclose the amount once finalized in its financial results for the fiscal year ending May 2026. Amortization period: Not disclosed |
| Impact on Business Performance | The impact on the company's results for the fiscal year ending May 2026 is currently under review. The company will promptly disclose any matters requiring disclosure that arise in the future. |
| Date of board resolution | 25 March 2026 |
| Contract Date | 25 March 2026 |
| Execution Date / Effective Date | 26 March 2026 (scheduled) |
| Management structure after acquisition | The assets and liabilities related to the business, the contractual positions under transaction agreements with suppliers and customers, and employees will be included in the acquisition. The company will proceed with the standardization and enhancement of business processes, including inspection, inventory management, shipping and customer support. |
Items this document does not state (19)
Name of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses 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)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 aim is to combine its user base of several million people with the purchasing experience for physical products and create new revenue opportunities. By incorporating MAKE VALUE's expertise in authentication, procurement and sales channels, the company expects synergies including expansion into the commerce sector, standardization and enhancement of business processes, and the expansion of sales channels.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.