Worth reading
44Recurring
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
21000
Shares acquiredWording
Conditional
How definitive the wording is.This transaction
Making a Wholly Owned Subsidiary Through the Additional Acquisition of Shares in a Consolidated SubsidiaryCounterpartyPERSOL TEMPSTAFF CO., LTD.
Disclosing companyPORTERS CORPORATION
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Development and sale of software
Location Minato-ku, TokyoShare capital ¥600 millionDate of incorporation 1 July 2024
Net Sales— million (fiscal year ending December 2025)
Operating profitOperating loss of ¥18 million (fiscal year ending December 2025)
Net income for the current fiscal yearNet loss of ¥20 million (fiscal year ending December 2025)
Net assetsNet assets of ¥576 million (fiscal year ending December 2025)
Consideration and expenses
Acquisition priceNot disclosed by agreement with the seller of the shares
Impact on Business Performance
The impact of this matter on the Company's consolidated results is expected to be minor.
Procedures and assumptions
Valuation methodologyValuation by the Company using the market value net assets method and other methods
Management structure after acquisitionThe business will be promoted more nimbly as a wholly owned subsidiary of the Company. The trade name, representative and treatment of employees are Not disclosed.
| Item | Details |
|---|---|
| Transaction name | Making a Wholly Owned Subsidiary Through the Additional Acquisition of Shares in a Consolidated Subsidiary |
| Counterparty name | PERSOL TEMPSTAFF CO., LTD. |
| Name of the Subject Company | KIKAN flex Co., Ltd. |
| Business Description of the Subject Company | Development and sale of software |
| Location of the Subject Company | Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥600 million |
| Date of Establishment of the Subject Company | 1 July 2024 |
| Net Sales of the Subject Company | — million (fiscal year ending December 2025) |
| Operating Profit of the Subject Company | Operating loss of ¥18 million (fiscal year ending December 2025) |
| Net Income of the Subject Company | Net loss of ¥20 million (fiscal year ending December 2025) |
| Net Assets of the Subject Company | Net assets of ¥576 million (fiscal year ending December 2025) |
| Acquisition price | Not disclosed by agreement with the seller of the shares |
| Number of shares acquired | 21,000 shares (number of voting rights: Not disclosed) |
| Voting rights ownership percentage | Before 65.0% (after not disclosed) |
| Impact on Business Performance | The impact of this matter on the Company's consolidated results is expected to be minor. |
| Date of board resolution | 30 September 2026 |
| Contract Date | 30 September 2026 |
| Execution Date / Effective Date | 1 October 2026 |
| Valuation methodology | Valuation by the Company using the market value net assets method and other methods |
| Management structure after acquisition | The business will be promoted more nimbly as a wholly owned subsidiary of the Company. The trade name, representative and treatment of employees are Not disclosed. |
Items this document does not state (12)
Expenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Independent 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 determined that promoting the business of providing core systems for personnel dispatch companies more nimbly with KIKAN flex as a wholly owned subsidiary would contribute to increasing the corporate value of the Group as a whole.
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.