Worth reading
48Recurring
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
254800
Thousand yen (planned)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Acquisition of shares in ネクスト・セキュリティ株式会社Counterpartyabc株式会社
Disclosing companyReYuu Japan Inc.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Date of board resolution1 July 2026
Contract Date1 July 2026 (basic agreement)
Execution Date / Effective DateLate July 2026 (planned)
Target company
Sale of cybersecurity solutions Cybersecurity consulting Development, implementation and operational support for cybersecurity environments
Location Minato-ku, TokyoShare capital ¥20 millionDate of incorporation 7 December 2015
Net Sales¥409 million (fiscal year ended March 2026)
Operating profit¥81 million (fiscal year ended March 2026)
Net income for the current fiscal year¥54 million (fiscal year ending March 2026)
Net assets¥170 million (fiscal year ending March 2026)
Consideration and expenses
Acquisition price¥254.8 million (planned)
Impact on Business Performance
The impact on the company’s results for the fiscal year ending October 2026 is currently under review
Procedures and assumptions
Valuation methodologyCalculated based on the equity value derived by applying cash and deposits, interest-bearing debt and other financial adjustment items to the enterprise value calculated using the target company’s adjusted EBITDA and an EV/EBITDA multiple of 5.2x
Conditions Precedent to ExecutionThe basic agreement does not unconditionally obligate the parties to execute a definitive agreement or complete the share acquisition. It is subject to the due diligence currently in progress and discussions toward the execution of a definitive agreement, among other matters.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares in ネクスト・セキュリティ株式会社 |
| Counterparty name | abc株式会社 |
| Name of the Subject Company | ネクスト・セキュリティ株式会社 |
| Business Description of the Subject Company | Sale of cybersecurity solutions Cybersecurity consulting Development, implementation and operational support for cybersecurity environments |
| Location of the Subject Company | Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥20 million |
| Date of Establishment of the Subject Company | 7 December 2015 |
| Net Sales of the Subject Company | ¥409 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | ¥81 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | ¥54 million (fiscal year ending March 2026) |
| Net Assets of the Subject Company | ¥170 million (fiscal year ending March 2026) |
| Acquisition price | ¥254.8 million (planned) |
| Number of shares acquired | 29,400 shares (number of voting rights: 29,400) |
| Voting rights ownership percentage | Before 0.0％ → after 49.0％ |
| Impact on Business Performance | The impact on the company’s results for the fiscal year ending October 2026 is currently under review |
| Date of board resolution | 1 July 2026 |
| Contract Date | 1 July 2026 (basic agreement) |
| Execution Date / Effective Date | Late July 2026 (planned) |
| Valuation methodology | Calculated based on the equity value derived by applying cash and deposits, interest-bearing debt and other financial adjustment items to the enterprise value calculated using the target company’s adjusted EBITDA and an EV/EBITDA multiple of 5.2x |
| Conditions Precedent to Execution | The basic agreement does not unconditionally obligate the parties to execute a definitive agreement or complete the share acquisition. It is subject to the due diligence currently in progress and discussions toward the execution of a definitive agreement, among other matters. |
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 CommitteeManagement 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.The company aims to strengthen its proposal capabilities and service delivery capabilities in the corporate IT sector by creating cross-selling opportunities between corporate customers and adding cybersecurity-related services. Through this, it seeks to expand the value provided to existing customers, new revenue opportunities and its business areas, thereby enhancing corporate value over the medium to long term.
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.