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M&A and Subsidiary Changes9211f-code Inc.Information and Communications, Services and Others

Notice Regarding the Acquisition of Shares in the Company Established Through an Incorporation-Type Company Split of 株式会社TEORY and Its Conversion into a Subsidiary

エフ・コード decided to acquire all shares of 株式会社JITT, to be established through an incorporation-type company split of TEORY’s digital marketing business, and make it a subsidiary. The share acquisition is scheduled to be completed on 21 August 2023, and the purchase consideration may be adjusted upward or downward based on performance.

Worth reading
59In focus
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
266
百万円(取得価額250百万円+アドバイザリー費用等16百万円)
Wording
Conditional
How definitive the wording is.

This transaction

Acquisition of shares and conversion into a subsidiary
Counterparty株式会社TEORY
Disclosing companyf-code Inc.
株式会社 JITTVoting rights ownership percentageNumber of shares acquired 1 share (number of voting rights: 1)

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.14 days from 決議 / 締結 to 実行.White points represent dates designated as scheduled dates in the document.
Target company

「デジタルマーケティング」事業

Location Shibuya, TokyoShare capital 1 万円Date of incorporation 2023 年 8 月 7 日
Net Sales229 百万円(2023 年6月期)
Net assetsTo be determined
Consideration and expenses
Acquisition price250 百万円(業績等に応じて追加対価の支払いまたは取得対価の減額調整の可能性あり)
Expenses other than the acquisition price¥16 million
Goodwill amount計上額は現在精査中(償却期間はNot disclosed)
Goodwill is the amount paid in excess of the acquired company's net assets.
Impact on Business Performance

現在精査中。株式取得が完了した後に、判明次第速やかに知らせる

This transaction
ItemDetails
Transaction nameAcquisition of shares and conversion into a subsidiary
Counterparty name株式会社TEORY
Name of the Subject Company株式会社 JITT
Business Description of the Subject Company「デジタルマーケティング」事業
Location of the Subject CompanyShibuya, Tokyo
Capital Stock of the Subject Company1 万円
Date of Establishment of the Subject Company2023 年 8 月 7 日
Net Sales of the Subject Company229 百万円(2023 年6月期)
Net Assets of the Subject CompanyTo be determined
Acquisition price250 百万円(業績等に応じて追加対価の支払いまたは取得対価の減額調整の可能性あり)
Expenses other than the acquisition price¥16 million
Number of shares acquired1 share (number of voting rights: 1)
Voting rights ownership percentageBefore 0.00% → after 100.00%
Goodwill amount計上額は現在精査中(償却期間はNot disclosed)
Impact on Business Performance現在精査中。株式取得が完了した後に、判明次第速やかに知らせる
Date of board resolution2023 年8月7日
Contract Date2023 年8月7日
Execution Date / Effective Date株式譲渡実行日:2023 年8月 21 日(予定)
Items this document does not state (14)
Operating Profit of the Subject CompanyNet Income of the Subject CompanyType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsAmount of extraordinary income (loss)Valuation methodologyIndependent 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.

デジタルマーケティングおよびWebインテグレーションのノウハウを取り込み、DX推進、CX改善、顧客価値の最大化を図るため。また、SMB向けマーケティング支援に自社グループのマーケティングSaaSを活用し、収益性と競争力を高めるため。

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.
Notice Regarding the Acquisition of Shares in the Company Established Through an Incorporation-Type Company Split of 株式会社TEORY and Its Conversion into a Subsidiary | f-code Inc. (9211) timely disclosure | Komori