Worth reading
72In 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
597600
Shares (number of STRIDERS common shares to be delivered)Wording
Conditional
How definitive the wording is.This transaction
Name of transactionCounterparty (target company)block party Co., Ltd.
Disclosing companyStriders Corporation
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
Planning, development and operation of web and mobile systems; operation of restaurants
Location Tamano City, Okayama PrefectureShare capital Acquisition priceDate of incorporation 20 November 2013
Net Sales¥116 million (fiscal year ended October 2025)
Operating profit¥8 million (fiscal year ended October 2025)
Net income for the current fiscal year¥8 million (fiscal year ended October 2025)
Net assets¥10 million (fiscal year ended October 2025)
Consideration and expenses
Type of ConsiderationShares (597,600 STRIDERS common shares are scheduled to be delivered. STRIDERS' treasury shares will be used, and no new shares will be issued.)
Merger ratio/share exchange ratio16,600 STRIDERS common shares for each block party common share. STRIDERS CORPORATION will be the wholly owning parent company in the share exchange, and block party will be the wholly owned subsidiary.
Funding arrangements597,600 treasury shares held by STRIDERS will be used for the allotment. No new shares will be issued.
Impact on Business Performance
block party's results are scheduled to be included in STRIDERS' consolidated results from the third quarter of the fiscal year ending March 2027. The impact on consolidated results is currently under review.
Procedures and assumptions
Valuation methodologySTRIDERS' shares: market price average method; block party's IT business: DCF method. The share exchange ratio was calculated using the market price average method and DCF method.
Independent valuation institutionNexstride Partners LLC
Conditions Precedent to ExecutionSTRIDERS will not require shareholder approval under Article 796(2) of the Companies Act through a simplified share exchange, while block party will approve the transaction by omitting a shareholder resolution through a deemed resolution. The transaction is premised on separating block party's restaurant business into a separate entity and specializing in the IT business.
Management structure after acquisitionblock party will become a consolidated subsidiary of STRIDERS CORPORATION. STRIDERS' name, head office location, representative, business activities, stated capital and fiscal year-end will remain unchanged. block party Representative Director Mitsuda Junichi (光田順一) will continue to be involved in the company's management and operation of its IT business after the share exchange, subject under a separate agreement to a minimum of 5 years of business continuity and involvement.
| Item | Details |
|---|---|
| Transaction name | Name of transaction |
| Counterparty name | block party Co., Ltd. |
| Name of the Subject Company | block party Co., Ltd. |
| Business Description of the Subject Company | Planning, development and operation of web and mobile systems; operation of restaurants |
| Location of the Subject Company | Tamano City, Okayama Prefecture |
| Capital Stock of the Subject Company | Acquisition price |
| Date of Establishment of the Subject Company | 20 November 2013 |
| Net Sales of the Subject Company | ¥116 million (fiscal year ended October 2025) |
| Operating Profit of the Subject Company | ¥8 million (fiscal year ended October 2025) |
| Net Income of the Subject Company | ¥8 million (fiscal year ended October 2025) |
| Net Assets of the Subject Company | ¥10 million (fiscal year ended October 2025) |
| Type of Consideration | Shares (597,600 STRIDERS common shares are scheduled to be delivered. STRIDERS' treasury shares will be used, and no new shares will be issued.) |
| Merger ratio/share exchange ratio | 16,600 STRIDERS common shares for each block party common share. STRIDERS CORPORATION will be the wholly owning parent company in the share exchange, and block party will be the wholly owned subsidiary. |
| Number of shares acquired | 597,600 STRIDERS common shares (planned). Number of voting rights: Not disclosed |
| Funding arrangements | 597,600 treasury shares held by STRIDERS will be used for the allotment. No new shares will be issued. |
| Impact on Business Performance | block party's results are scheduled to be included in STRIDERS' consolidated results from the third quarter of the fiscal year ending March 2027. The impact on consolidated results is currently under review. |
| Date of board resolution | 30 September 2026 |
| Contract Date | 30 September 2026 |
| Execution Date / Effective Date | 30 October 2026 (予定) |
| Valuation methodology | STRIDERS' shares: market price average method; block party's IT business: DCF method. The share exchange ratio was calculated using the market price average method and DCF method. |
| Independent valuation institution | Nexstride Partners LLC |
| Conditions Precedent to Execution | STRIDERS will not require shareholder approval under Article 796(2) of the Companies Act through a simplified share exchange, while block party will approve the transaction by omitting a shareholder resolution through a deemed resolution. The transaction is premised on separating block party's restaurant business into a separate entity and specializing in the IT business. |
| Management structure after acquisition | block party will become a consolidated subsidiary of STRIDERS CORPORATION. STRIDERS' name, head office location, representative, business activities, stated capital and fiscal year-end will remain unchanged. block party Representative Director Mitsuda Junichi (光田順一) will continue to be involved in the company's management and operation of its IT business after the share exchange, subject under a separate agreement to a minimum of 5 years of business continuity and involvement. |
Items this document does not state (9)
Acquisition priceExpenses other than the acquisition priceTender offer priceMinimum number of shares to be purchasedTender offer periodVoting rights ownership percentageGoodwill amountAmount of extraordinary income (loss)Special Committee
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.In addition to bringing existing outsourced IT costs in-house to improve cost efficiency and operational speed, the transaction will strengthen IT and DX support for investee and acquired companies, as well as system integration and post-merger integration support. It will also organize the IT, DX and project execution expertise of block party's representative and deploy it across the Group.
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