Expansion of M&A as a vehicle for business succession
First written in FY2021. 19 of 21 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the first year of its medium-term management plan, “Meiho Thirty Billion Drive (M30BD),” the Group pursued its two pillars of growth strategy: promoting employee-succession M&A and providing a corporate support platform.」
In the first year of M30BD, the Group made 未来政策研究所 and 天野建設 subsidiaries and acquired the staffing businesses in Fukushima Prefecture and Hokkaido, advancing multiple employee-succession M&A transactions. - FY2026-H1AdvancedAnnual report
「In the first year of its medium-term management plan, Meiho Thirty Billion Drive (M30BD), the Group is accelerating the 2 pillars of its growth strategy: “promoting employee succession M&A” and “providing a business support platform.” As a specific initiative, in October 2025 the Group made Mirai Policy Research Institute Co., Ltd. a subsidiary as a think tank for regional revitalisation. In November of the same year, it decided to acquire a personnel placement business in Fukushima Prefecture from Staff Advance Co., Ltd., with completion scheduled for January 2026. These initiatives represent the steady execution of a roll-up strategy to integrate and strengthen locally focused businesses.」
The Group explicitly positioned employee succession M&A and its business support platform as the 2 pillars of M30BD, and executed and completed the acquisition of Mirai Policy Research Institute and the acquisition of a personnel placement business in Fukushima Prefecture. After the filing, it also entered into an agreement to acquire all shares of Amano Construction, expanding the geographical coverage and business scope of its M&A. - FY2025AdvancedAnnual report
「At a meeting of the Board of Directors held on 11 September 2025, the Company resolved to acquire all issued shares of Mirai Policy Research Institute Co., Ltd. and make it a subsidiary, and entered into a share transfer agreement dated 11 September 2025.」
After the filing date, the Group entered into an agreement to acquire all shares of Mirai Policy Research Institute, which conducts specialised research, studies and regional revitalisation activities. The stated rationale was to combine the company’s regional revitalisation business with the existing regional network and expand the Group’s business scope and earnings. - FY2025AdvancedAnnual report
「Through its business support platform, the Group supports the autonomous organic growth of each company. As companies grow, the financial strength of the Group as a whole is reinforced. On that foundation, the Group pursues “employee succession M&A” and works to achieve non-continuous growth.」
The Group explicitly defined M&A not as simple corporate acquisitions but as “employee succession M&A” following support for growth through its business support platform, making its growth model combining organic growth with M&A more concrete. It also completed the acquisition of Naskey Career and, after the filing, entered into an agreement to acquire all shares of Mirai Policy Research Institute. - FY2024ReframedAnnual report
「The Group has actively pursued M&A with the aim of achieving ¥10 billion in Group revenue and expanding its network. At the same time, borrowings increased and the equity ratio temporarily declined. To continue pursuing M&A sustainably, the Group will balance investment and borrowing and pursue disciplined M&A.」
While continuing to expand its network through M&A, the Group revised its wording to “disciplined M&A,” emphasising the balance between investment and borrowing in light of the increase in borrowings and decline in the equity ratio. - FY2024-Q3AdvancedAnnual report
「Fuji Civil Engineering Design Co., Ltd. contributed to the Group’s results from the first quarter, Imada Construction Holdings Co., Ltd. from the second quarter, and Igiarl Holdings Co., Ltd. from the third quarter of the current fiscal year.」
The acquisitions of Fuji Civil Engineering Design, Imada Construction Holdings and Igiarl Holdings led not only to their inclusion in the scope of consolidation but also to their gradual contribution to results. - FY2024-Q2AdvancedAnnual report
「Under the share transfer agreement, the Group acquired all shares of the company on 1 February 2024 and made the company and its 1 wholly owned subsidiary subsidiaries. Consideration for acquisition Cash and deposits: ¥530 million Acquisition cost: ¥530 million」
The Group acquired Igiarl Holdings and its wholly owned subsidiary Resonagate effective 1 February 2024, expanding its personnel placement business through M&A. The acquisition cost was ¥530 million. - FY2024-Q1AdvancedAnnual report
「Under the share transfer agreement, the Group acquired all shares of the company on 1 November 2023 and made the company and its 2 wholly owned subsidiaries, Imada Construction Co., Ltd. and Hermit Co., Ltd., subsidiaries. Consideration for acquisition Cash and deposits: ¥2,650 million Acquisition cost: ¥2,650 million」
The Group completed the acquisition of 100% of the voting rights of Imada Construction Holdings effective 1 November 2023, adding 3 companies, including 2 wholly owned subsidiaries, to the Group. The acquisition cost was ¥2.65 billion. - FY2023AdvancedAnnual report
「As part of the Group’s growth strategy, M&A, the Group acquired shares in Fuji Civil Engineering Design Co., Ltd. (Asahikawa, Hokkaido), making it an indirect subsidiary, effective 3 July 2023.」
The Group completed the acquisition of all shares of Fuji Civil Engineering Design effective 3 July 2023, further expanding the Group through M&A. - FY2023-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 March 2023, the Company resolved that its consolidated subsidiary Meiho Engineering Co., Ltd. would acquire all issued shares of Fuji Civil Engineering Design Co., Ltd. and make it a subsidiary. On 15 March 2023, Meiho Engineering Co., Ltd. entered into a share transfer agreement. Business combination date: 3 July 2023 (scheduled) Percentage of voting rights to be acquired: 100%」
For Fuji Civil Engineering Design, the Group entered into a share transfer agreement in March 2023 and formalised its plan to acquire 100% of the voting rights on 3 July 2023. - FY2023-Q2AdvancedAnnual report
「Under the share transfer agreement, the Group acquired all shares of the company effective 4 January 2023. Percentage of voting rights acquired: 100% Consideration for acquisition: Cash and deposits ¥380 million Acquisition cost: ¥380 million」
For Mikawa Doken, the Group acquired 100% of the voting rights on 4 January 2023 and completed the acquisition at an acquisition cost of ¥380 million. - FY2023-Q1AdvancedAnnual report
「Business combination date: 1 July 2022 (share acquisition date) Percentage of voting rights acquired: 100% Consideration for acquisition: Cash and deposits ¥500 million Acquisition cost: ¥500 million」
For Aki Construction Consultants, the Group acquired 100% of the voting rights on 1 July 2022 and completed the business combination at an acquisition cost of ¥500 million. The company began contributing to results after the acquisition from the first quarter. - FY2022AdvancedAnnual report
「Under the share transfer agreement, the Group acquired all shares of the company effective 1 July 2022.」
The Group completed the acquisition of all shares of Aki Construction Consultants. The acquisition consideration was ¥500 million, and the stated rationale was to create synergies by combining its strengths with those of 6 construction consultants and contribute to local communities. - FY2022-Q3AdvancedAnnual report
「In addition, effective 1 January 2022, the nursing care segment acquired the business of the “Rehabilitation Day Emifull” day-care facility. The acquired business has contributed to the Group’s results since the third quarter of the current fiscal year.」
In addition to the previous share acquisitions involving 2 companies, the Group acquired the business of a day-care facility effective 1 January 2022, and it began contributing to results from the third quarter. The Group’s expansion through M&A and business acquisitions has extended into the nursing care field. - FY2022-Q2AdvancedAnnual report
「As part of the Group’s growth strategy, M&A, on 1 October 2021 the Group acquired shares in North Giken Co., Ltd. (Hakodate, Hokkaido) and Arisaka Construction Co., Ltd. (Joetsu, Niigata), making both companies indirect subsidiaries. Both companies have contributed to the Group’s results since the second quarter of the current fiscal year.」
Regarding the acquisition of the 2 companies announced in the previous quarter, the Group reported their inclusion in the scope of consolidation and their contribution to results from the second quarter of the current fiscal year, indicating progress in executing the M&A. - FY2022-Q1AdvancedAnnual report
「As part of the Group’s growth strategy, M&A, the Group acquired shares in North Giken Co., Ltd. (Hakodate, Hokkaido) and Arisaka Construction Co., Ltd. (Joetsu, Niigata), making both companies indirect subsidiaries. They joined the Group on 1 October. Both companies will contribute to the Group’s results from the second quarter of the current fiscal year.」
Regarding M&A, which it positions as a pillar of its growth strategy, the Group acquired shares in 2 companies and proceeded to their addition to the Group on 1 October. - FY2021First statedAnnual report
「The Group has actively pursued M&A. Since April 2015, it has completed M&A transactions involving 5 companies in construction-related services, 3 in human resources-related services, 3 in construction and 1 in nursing care, for a total of 12 companies, diversifying its businesses while also carrying out absorptive mergers. As a regional supporter, the Group plans to continue increasing the number of companies joining the Group while providing its regional business support platform.」
The Group reported a track record of M&A involving 12 companies and plans to continue increasing the number of companies joining the Group.