Hito-To-Hito Holdings Completes Acquisition of SPD&C Company Shares

TOKYO, Jul 31 (Pulse News Wire) – Hito-to-hito Holdings CO.,LTD. (549A.T) completed the acquisition of SPD&C Company's shares on July 31, making SPD&C a subsidiary.

SPD&C, established on December 12, 2018, operates security services through its subsidiaries and has a capital of ¥1 million. The major shareholder is HITO-TO-HITO Holdings with a holding ratio of 100%. SPD Corporation, a subsidiary of SPD&C, also became part of the HITO-TO-HITO group. Established on January 06, 1971, SPD Corporation provides security services and human resource services with a capital of ¥80 million.

Its major shareholder is SPD&C with a holding ratio of 100%. This acquisition is expected to enhance the group’s revenue and increase EPS without causing dilution due to full financing through loans rather than issuing new shares. The purchase price was set at an EV/EBITDA multiple of around five times, considered a disciplined valuation. Looking ahead, SPD&C and SPD Corporation will join the consolidated financial statements starting from the second quarter of the fiscal year ending March 2027.

Further impacts on the consolidated results for the fiscal year ending March 2027 are currently being assessed, and any significant developments will be disclosed promptly.