fonfun corporation has resolved to acquire the shares of ICS Co., Ltd. for cash consideration and to make ICS a wholly owned subsidiary of fonfun. After the acquisition, ICS will be consolidated as a subsidiary and is expected to affect results from the fiscal year ending August 2027 onward. fonfun is reviewing impacts such as director appointments and costs related to the acquisition.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"2323","jir_company_name":"fonfun corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-09-29","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/09\/2323-20260929-02.pdf","jir_short_summary":"fonfun corporation has resolved to acquire the shares of ICS Co., Ltd. for cash consideration and to make ICS a wholly owned subsidiary of fonfun. After the acquisition, ICS will be consolidated as a subsidiary and is expected to affect results from the fiscal year ending August 2027 onward. fonfun is reviewing impacts such as director appointments and costs related to the acquisition.","jir_summary":"### Overview of the M&A\nfonfun corporation has resolved to acquire the shares of ICS Co., Ltd. and make it a wholly owned subsidiary. The acquisition price was determined comprehensively based on ICS's recent performance, future plans, and third-party valuations, and prior to closing, loans receivable from the parent company will be settled. ICS's main businesses are system development and maintenance for communication networks, engineer staffing, and base station construction, and it has established transaction relationships with major carriers. For the fiscal year ending August 2026, sales are projected at 795,655 thousand yen, operating income at 29,341 thousand yen, and net income at 30,769 thousand yen.\n\n### Future Impact and Schedule\nICS is scheduled to become a consolidated subsidiary of fonfun corporation from the consolidated accounting period of the third quarter of the fiscal year ending March 2027. The future financial impact is currently being examined, and confirmed information will be disclosed in a timely manner. The share transfer will be executed in cash, and fonfun plans to dispatch directors to ICS after the acquisition. Costs associated with the acquisition, such as integration expenses, are undetermined at this time and will be disclosed once finalized.","jir_financial_highlights":"Net Sales: 795,655 thousand yen (Estimated for the fiscal year ending August 2026)\nOperating Income: 29,341 thousand yen (Estimated for the fiscal year ending August 2026)\nNet Assets: 194,777 thousand yen (Estimated for the fiscal year ending August 2026)\nNet Income Attributable to Owners of Parent: 30,769 thousand yen (Estimated for the fiscal year ending August 2026)\nAcquisition Price: 110 hundred million yen (Total amount including advisory fees, etc.)","jir_category":"","jir_hashtags":"#fonfun, #ICSWhollyOwnedSubsidiary","jir_key_figures":"Acquisition Price: 110 hundred million yen (Acquisition price for ICS shares)\nICS Net Sales: 795,655 thousand yen (Estimated for the fiscal year ending August 2026)\nICS Net Income: 30,769 thousand yen (Current term, Estimated for the fiscal year ending August 2026)","jir_meta_title":"fonfun corporation to Make ICS a Wholly Owned Subsidiary\uff5cSeptember 2026","jir_meta_description":"fonfun corporation will acquire the shares of ICS Co., Ltd. for cash consideration and make it a wholly owned subsidiary. Discloses projected results for the fiscal year ending August 2026 and the schedule and expected impacts of consolidation.","jir_og_title":"fonfun corporation to Make ICS a Wholly Owned Subsidiary\uff5cSeptember 2026","jir_og_description":"fonfun corporation is acquiring the shares of ICS Co., Ltd. to make it a wholly owned subsidiary. The schedule for consolidation and the outlook for financial impact are disclosed.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":122806,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-124285","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n