Pasona Group Inc. has executed a subscription agreement in relation to the tender offer for shares of its equity-method affiliate Sircleis. Holding 32.89% of the target company’s shares, the Company expects to record a special gain from the disposal of affiliate shares if the tender offer is successful. Consolidated earnings forecasts are currently under review.<\/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":"2168","jir_company_name":"Pasona Group Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-22","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/2168-20261022-01.pdf","jir_short_summary":"Pasona Group Inc. has executed a subscription agreement in relation to the tender offer for shares of its equity-method affiliate Sircleis. Holding 32.89% of the target company's shares, the Company expects to record a special gain from the disposal of affiliate shares if the tender offer is successful. Consolidated earnings forecasts are currently under review.","jir_summary":"### Overview of M&A and Tender Offer\nThe Company has resolved at the Board of Directors meeting to execute a subscription agreement in response to the tender offer by HHH1 LLC for the ordinary shares of Sircleis Inc. The target is an equity-method affiliate, and upon completion of the tender offer, the Company expects to recognize a special gain as gain on sale of affiliated company shares.\n\n### Financial Impact and Future Outlook\nIf the tender offer is successful and the shares are sold, the Company plans to record approximately 2,900 million yen as gain on sale of affiliated company shares in the non-consolidated results and approximately 2,600 million yen in the consolidated results for the fiscal year ending May 2027 as a special gain. The full-year consolidated earnings forecast is currently being reviewed considering other factors, and any revisions will be disclosed promptly.","jir_financial_highlights":"Number of target shares held: 1,440,000 shares (Shareholding ratio 32.89%)\nExpected recognition of special gain (Fiscal year ending May 2027): Gain on sale of affiliated company shares approx. 2,900 million yen (non-consolidated) \/ approx. 2,600 million yen (consolidated) (Expected)\nTender offer period: 2026-10-23\u301c2026-12-07 (Specified period)","jir_category":"","jir_hashtags":"#PasonaGroupIR, #TOBRelated, #SircleisPartnership","jir_key_figures":"Number of target shares: 1,440,000 shares (holding ratio 32.89%)\nEstimated gain on sale of affiliated company shares: Non-consolidated approx. 2,900 million yen, Consolidated approx. 2,600 million yen\nTender offer period: 2026\/10\/23\u301c2026\/12\/07","jir_meta_title":"Pasona Group Inc. \u2014 Execution of Subscription Agreement for Tender Offer of Equity-Method Affiliate | October 2026","jir_meta_description":"Pasona Group Inc. has executed a subscription agreement to participate in the tender offer for its equity-method affiliate Sircleis. Key points include the expected gain on sale to be recorded as a special gain and the progress of future earnings outlook.","jir_og_title":"Pasona Group Inc. \u2014 Notice of Execution of Tender Offer Subscription Agreement","jir_og_description":"Pasona Group Inc. has executed a subscription agreement to participate in the tender offer for its equity-method affiliate Sircleis. Details on the expected special gain and future earnings outlook are provided.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16818,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-133489","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n