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M&A and Subsidiary Changes4848FULLCAST HOLDINGS CO.,LTD.Information and Communications, Services and Others

Update on the Acquisition of Shares (Conversion into Subsidiaries) of RGF Talent Solutions Co., Ltd. and RGF International Recruitment Holdings Limited

The acquisition price for the shares of RGFタレントソリューションズ株式会社 and RGF International Recruitment Holdings Limited was finalized at ¥5,271 million, comprising the equity value plus a price adjustment. The total amount, including advisory fees and other expenses, was ¥5,278 million.

Worth reading
83Important
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
5278
Millions of yen (total acquisition price and advisory fees and other expenses)
Wording
Definitive
How definitive the wording is.

This transaction

Acquisition of shares and conversion into a subsidiary
Disclosing companyFULLCAST HOLDINGS CO.,LTD.
RGFタレントソリューションズ株式会社, RGF International Recruitment Holdings LtdVoting rights ownership percentageNumber of shares acquired Ordinary shares of RGFタレントソリューションズ株式会社: 1,126,966 shares (number of voting rights: 1,126,966), Ordinary shares of RGF International Recruitment Holdings Ltd: 661,224,386 shares (number of voting rights: 661,224,386)

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

Consideration and expenses
Acquisition price¥5,271 million
Expenses other than the acquisition priceAdvisory fees and other expenses: ¥7 million
Procedures and assumptions
Valuation methodologyReasonably calculated based on an equity value assessment by an independent third-party institution
This transaction
ItemDetails
Transaction nameAcquisition of shares and conversion into a subsidiary
Name of the Subject CompanyRGFタレントソリューションズ株式会社, RGF International Recruitment Holdings Ltd
Acquisition price¥5,271 million
Expenses other than the acquisition priceAdvisory fees and other expenses: ¥7 million
Number of shares acquiredOrdinary shares of RGFタレントソリューションズ株式会社: 1,126,966 shares (number of voting rights: 1,126,966), Ordinary shares of RGF International Recruitment Holdings Ltd: 661,224,386 shares (number of voting rights: 661,224,386)
Voting rights ownership percentageBefore -% → after 100.0%
Valuation methodologyReasonably calculated based on an equity value assessment by an independent third-party institution
Items this document does not state (25)
Counterparty nameBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceDate of board resolutionContract DateExecution Date / Effective DateIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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 22 January 2026 disclosure stated that the acquisition price would be finalized by adding the price adjustment under the share transfer agreement to the equity value of ¥1,200 million.

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.
Update on the Acquisition of Shares (Conversion into Subsidiaries) of RGF Talent Solutions Co., Ltd. and RGF International Recruitment Holdings Limited | FULLCAST HOLDINGS CO.,LTD. (4848) timely disclosure | Komori