Hito-To-Hito Holdings Completes Acquisition of SPD&Company Shares, Boosting Group Performance

TOKYO, Jul 31 (Pulse News Wire) – Hito-to-hito Holdings CO.,LTD. (549A.T) completed the acquisition of SPD&Company shares, enhancing group performance through disciplined investment.

The deal was executed at an EV/EBITDA multiple of around 5 times, ensuring robust earnings growth and avoiding share dilution via full debt financing. As a result, the company expects positive impacts on revenue and EPS, with benefits accruing to existing shareholders. Detailed impact figures are being analyzed and will be disclosed upon completion. The acquired company operates primarily in the northern Kantō region, offering security services and human resource management. With over 3,000 employees and strong customer relationships, SPD's integration is expected to bolster HITO-TO-HITO’s presence in key markets.

SPD reported adjusted EBITDA of ¥360 million for the fiscal year ending March 2026, contributing significantly to future earnings forecasts. Financial strategies post-acquisition focus on maintaining capital efficiency and leveraging increased enterprise value without issuing new shares. The company anticipates a leverage ratio of approximately three times, supporting further growth and EPS enhancement. Post-M&A net debt projections show a reduction in borrowings, aligning with the firm’s goal of sustainable profitability. Analysts view the move positively, highlighting the strategic alignment and potential synergies between the two companies.

HITO-TO-HITO remains committed to disciplined M&A activities, aiming to maximize shareholder returns while fostering continuous growth.