On the 13th, at the board of directors meeting held on the same day, TOYOKUMO <4058> decided to acquire shares in Project Mode and make it a subsidiary.
Project Mode is involved in the development and operation of the manual creation/knowledge management SaaS “NotePM”. The knowledge management tool market is still expanding, and in particular, as the need for work efficiency improvement and information sharing increases, “NotePM” has contributed to problem solving for many companies, and has received reliable evaluations. In the project mode, the business model is extremely close to that of the company, and there is one that has a very high affinity with the company's business. We believe that welcoming high-growth products and project modes with excellent employees will contribute to improving the corporate value of the Group.
The number of shares acquired is 500 shares (number of voting rights: 500), and the acquisition price will not be disclosed due to confidentiality obligations and the intention of the other party. Furthermore, due diligence has been carried out by a third party organization regarding the acquisition price, and the company determines the acquisition price through discussions with shareholders by referring to the valuation value. Furthermore, it is planned that the full amount of the shares acquired will be applied to own funds. The number of shares held after the transfer was 500 shares (number of voting rights: 500) (voting rights ownership ratio: 100.0%). The contract signing date is 2024/12/25 (planned), and the share transfer execution date is 2025/1/8 (planned).
The share acquisition is not anticipated to have an impact on full-year consolidated financial results for the fiscal year ending 2024/12.