fonfun corporation
Notice on the Acquisition of Inside Growth Corporation’s Customer Dispatch Business through a Consolidated Subsidiary’s Absorption-type Split
Today, our consolidated subsidiary YNP conducts an absorption-type split targeting Inside Growth Corp.'s customer dispatch business. The consideration is 325 million yen in cash, aiming to expand the business base and strengthen recurring revenue, with the target business expected to generate stable cash flow. Effective date is planned for October 1, 2026.
Key Figures
- Split consideration: 325 百万円
- Target business net sales (FY2026 March): 1,015 百万円
- Target business operating income (FY2026 March): 163 百万円
AI要約
Overview of this matter
Fonfun, through its consolidated subsidiary YNP, has resolved to conduct an absorption-type split targeting Inside Growth Corp.'s customer dispatch business. This improves the acceleration of the DX solutions-based M&A strategy, leveraging joint use of a roughly 200-person workforce and expanding group-wide recurring revenue. The split method designates Inside Growth Corp. as the splitting company and YNP as the successor company; the consideration is 325 million yen in cash. The valuation uses a third-party DCF method.
Impact and outlook
After the absorption-type split, YNP's management structure will be maintained, and target business sales are projected to be 1,015 million yen for the Fiscal Year ending March 2026, accounting for about 10% of Fonfun's consolidated net sales of 2,111 million yen. The FY2027 consolidated forecast does not currently include the impact of this matter, but will be disclosed if adjustments are necessary after thorough review. Goodwill of about 325 million yen is expected to be recorded, with amortization period not yet determined.
Fonfun Co., Ltd.
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