Worth reading
64In 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
200
¥ million (acquisition price)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
This share acquisitionCounterpartyENECHANGE株式会社
Disclosing companyPORT INC.
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
Call center and offline business
Location Minato-ku, TokyoShare capital ¥1Date of incorporation 24 September 2026
Net SalesApproximately ¥2 billion (fiscal year ended March 2026, business to be acquired)
Operating profitBusiness loss before allocation of head office expenses: approximately ¥200 million (fiscal year ended March 2026, business to be acquired)
Net assets¥1
Consideration and expenses
Acquisition price¥200 million
Expenses other than the acquisition priceDue diligence expenses and other costs (estimated): ¥1 million
Type of ConsiderationCash (cash settlement using funds on hand)
Funding arrangementsCash settlement using funds on hand
Impact on Business Performance
The impact on consolidated results for the fiscal year ending March 2027 is expected to be immaterial (limited). The company is expected to be included in the consolidated results from the third quarter of the fiscal year ending March 2027.
Procedures and assumptions
Valuation methodologyIndividual discussions with ENECHANGE株式会社 based on the actual operating results and financial position for the immediately preceding fiscal year (fiscal year ended March 2026), forecasts for the next 3 years (fiscal years ending March 2027 to March 2029), and the results of due diligence
Management structure after acquisitionFollowing the conversion into a wholly owned subsidiary, the company will integrate its business flows into the Group, including user acquisition operations conducted through more than 30 partner companies and system solutions for real estate management companies. The corporate name, representative and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This share acquisition |
| Counterparty name | ENECHANGE株式会社 |
| Name of the Subject Company | ENECHANGEカスタマーサービス株式会社 |
| Business Description of the Subject Company | Call center and offline business |
| Location of the Subject Company | Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥1 |
| Date of Establishment of the Subject Company | 24 September 2026 |
| Net Sales of the Subject Company | Approximately ¥2 billion (fiscal year ended March 2026, business to be acquired) |
| Operating Profit of the Subject Company | Business loss before allocation of head office expenses: approximately ¥200 million (fiscal year ended March 2026, business to be acquired) |
| Net Assets of the Subject Company | ¥1 |
| Acquisition price | ¥200 million |
| Expenses other than the acquisition price | Due diligence expenses and other costs (estimated): ¥1 million |
| Type of Consideration | Cash (cash settlement using funds on hand) |
| Number of shares acquired | 1,000 shares (number of voting rights: 1,000) |
| Voting rights ownership percentage | Before 0% → after 100% |
| Funding arrangements | Cash settlement using funds on hand |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending March 2027 is expected to be immaterial (limited). The company is expected to be included in the consolidated results from the third quarter of the fiscal year ending March 2027. |
| Date of board resolution | 23 October 2026 |
| Contract Date | 23 October 2026 |
| Execution Date / Effective Date | 1 December 2026 (the share transfer is scheduled to be completed on this date; the absorption-type company split will become effective on 1 December 2026) |
| Valuation methodology | Individual discussions with ENECHANGE株式会社 based on the actual operating results and financial position for the immediately preceding fiscal year (fiscal year ended March 2026), forecasts for the next 3 years (fiscal years ending March 2027 to March 2029), and the results of due diligence |
| Management structure after acquisition | Following the conversion into a wholly owned subsidiary, the company will integrate its business flows into the Group, including user acquisition operations conducted through more than 30 partner companies and system solutions for real estate management companies. The corporate name, representative and treatment of employees: Not disclosed |
Items this document does not state (10)
Net Income of the Subject CompanyMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodGoodwill 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 transaction will shift PORT's business relationship with ENECHANGE株式会社 from collaboration to integration, with the aim of increasing the number of contracts won, market presence and revenue by leveraging the PORT Group's conversion capabilities and multichannel marketing capabilities. PORT also plans to bring into the Group the system solutions provided to the target company's partner companies and real estate management companies, thereby developing new user acquisition channels.
How to read this page
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