Worth reading
64In 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
347
¥ million (approximate total amount)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Acquisition of shares (making the company a subsidiary)Counterparty山田 一真
Disclosing companyf-code 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.White points represent dates designated as scheduled dates in the document.
Target company
YouTube、運用動画制作、SNS 運用代行、LP 制作、動画編集スクールの運営
Location Fukuoka City, Hakata WardShare capital ¥1 millionDate of incorporation 2022 年 11 月 30 日
Net Sales128 百万円（2024 年 10 月期）
Operating profit26 百万円（2024 年 10 月期）
Net income for the current fiscal year20 百万円（2024 年 10 月期）
Net assets51 百万円（2024 年 10 月期）
Consideration and expenses
Acquisition price334 百万円（株式会社ブイストの普通株式）
Expenses other than the acquisition priceAdvisory fees and other expenses (approximate amount): ¥12 million
Goodwill amountのれん及びその他の無形固定資産等の計上額は現在精査中（具体的な金額・償却期間は記載なし）
Goodwill is the amount paid in excess of the acquired company's net assets.Impact on Business Performance
2025 年 12 月期の連結業績予想に与える影響は現在精査中で、株式取得完了後に判明次第速やかに知らせる予定
Procedures and assumptions
Valuation methodology正常収益ベースの調整後年間営業利益に対して5年程度の回収期間を設定し、買収時純資産額を加味して想定時価総額を算出し、取得比率を乗じた金額を基準に決定
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares (making the company a subsidiary) |
| Counterparty name | 山田 一真 |
| Name of the Subject Company | 株式会社ブイスト |
| Business Description of the Subject Company | YouTube、運用動画制作、SNS 運用代行、LP 制作、動画編集スクールの運営 |
| Location of the Subject Company | Fukuoka City, Hakata Ward |
| Capital Stock of the Subject Company | ¥1 million |
| Date of Establishment of the Subject Company | 2022 年 11 月 30 日 |
| Net Sales of the Subject Company | 128 百万円（2024 年 10 月期） |
| Operating Profit of the Subject Company | 26 百万円（2024 年 10 月期） |
| Net Income of the Subject Company | 20 百万円（2024 年 10 月期） |
| Net Assets of the Subject Company | 51 百万円（2024 年 10 月期） |
| Acquisition price | 334 百万円（株式会社ブイストの普通株式） |
| Expenses other than the acquisition price | Advisory fees and other expenses (approximate amount): ¥12 million |
| Number of shares acquired | 100 shares (number of voting rights: 100) |
| Voting rights ownership percentage | Before 0.0％ → after 100.0％ |
| Goodwill amount | のれん及びその他の無形固定資産等の計上額は現在精査中（具体的な金額・償却期間は記載なし） |
| Impact on Business Performance | 2025 年 12 月期の連結業績予想に与える影響は現在精査中で、株式取得完了後に判明次第速やかに知らせる予定 |
| Date of board resolution | 12 August 2025 |
| Contract Date | 2025 年８月 12 日（予定） |
| Execution Date / Effective Date | 2025 年８月 19 日（予定） |
| Valuation methodology | 正常収益ベースの調整後年間営業利益に対して5年程度の回収期間を設定し、買収時純資産額を加味して想定時価総額を算出し、取得比率を乗じた金額を基準に決定 |
Items this document does not state (11)
Type of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsAmount of extraordinary income (loss)Independent 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.ブイスト社の動画編集教育に関するノウハウやコンテンツ制作力と、当社グループのオンラインスクール事業におけるマーケティング、講座開発、カスタマーサポート等の運営基盤を相互に活用し、スクール事業の拡大と成長加速、収益性の向上や競争力の強化を図るためです。
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.