TOKYO, Apr 24 (Pulse News Wire) – Support Corp. (217A.T) announced today that its board of directors decided to acquire all shares of TSUMUGU Co.
To integrate it as a subsidiary. The acquisition aims to enhance human resource supply systems, strengthen production networks, and diversify revenue sources within the group. TSUMUGU Co., established on August 2, 2024, specializes in technical personnel dispatch services for construction sites. It began operations in 2023 as part of Cocorowa Co. and achieved steady growth since becoming independent in 2024. The company maintains stable contracts with major general contractors and sub-contractors, providing a solid foundation for future expansion. Key details of the transaction include: - Acquisition price undisclosed but determined based on due diligence results.
- Number of shares acquired: 2,000 shares. - Post-acquisition shareholding status: 2,000 shares. - Expected closing date: April 27, 2026. TSUMUGU's recent fiscal performance shows total assets of ¥20 million and net assets of ¥12 million. Revenue was ¥17 million with operating profit of --¥7 million, ordinary profit of --¥7 million, and net profit of --¥7 million. The earnings per share stood at -¥3,785. Further impact on consolidated financial results for the September 2026 fiscal period is currently being assessed.
Any additional significant developments will be disclosed promptly.
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