makes Global Assist Holdings Co., Ltd. a subsidiary to expand its education business
United Co., Ltd. (Headquarters: Shibuya-ku, Tokyo, President and Executive Officer: Yoshinori Hayakawa, Stock code: 2497) announced at its board of directors meeting held on November 13, 2024 that it aims to further grow its education business. We have decided to acquire the shares of Global Assist Holdings Co., Ltd. (Headquarters: Koriyama City, Fukushima Prefecture, Representative Director: Daisuke Iseki, hereinafter referred to as "Global Assist Holdings") Through this stock acquisition, we will take initiatives with a view to expanding the business of Bestco Co., Ltd., which is under the umbrella of Global Assist Holdings.
Background and purpose of stock acquisition
United Co., Ltd. has a purpose of "maximizing willpower and accelerating the advancement of society," and operates core businesses centered on investment, education, and human resource matching. Particularly in the education field, our core competency is maximizing the effectiveness of learning through the use of technology, and we offer the ``Tech Academy'' online programming school for individuals and ``IT training services'' for companies.
Bestco Co., Ltd. operates ``Best Individual'', a private tutoring school for elementary school to high school students, based on the corporate philosophy of ``B with you.'' The company operates 111 classrooms mainly in the Tohoku area, and uses its own digital teaching materials and learning apps to improve efficiency and provide high-quality education at low cost. In addition, we place emphasis on developing students' ability to learn and think on their own, and we have created a system to increase their motivation to learn by incorporating technology-based video learning.
United Co., Ltd. has a policy of expanding its educational know-how using technology into new fields, and by making it a subsidiary, it will enter the private tutoring school business. Going forward, we will utilize the technology and resources we have cultivated to date to expand the number of Bestco classrooms and strengthen technology, accelerating the growth of our business.
Overview of the subsidiary to be transferred
Global Assist Holdings Co., Ltd.
| name | Global Assist Holdings Co., Ltd. |
|---|---|
| location | 5-11-7 Kuwano, Koriyama City, Fukushima Prefecture |
| Representative's title and name | Representative Director Daisuke Iseki |
| Business content | holding company |
| capital | 10 million yen |
| Date of establishment | May 15, 2017 |
| Major shareholders and shareholding ratio | Daisuke Iseki 100.0% |
Relationship between the listed company and the company
| capital relationship | There are no applicable items. |
|---|---|
| human relations | There are no applicable items. |
| business relationship | There are no applicable items. |
Business results and financial position of the company for the past three years
| Fiscal year end | June 2022 | June 2023 | June 2024 |
|---|---|---|---|
| net worth | 212,522,000 yen | 224,468 thousand yen | 235,571 thousand yen |
| total assets | 221,686 thousand yen | 231,473 thousand yen | 241,801 thousand yen |
| Net assets per share | 212,523 yen | 224,469 yen | 235,572 yen |
| Sales | 57,818 thousand yen | 57,818 thousand yen | 57,818 thousand yen |
| Operating profit | 14,759 thousand yen | 16,058 thousand yen | 14,030,000 yen |
| Ordinary profit | 14,765 thousand yen | 16,452 thousand yen | 15,338,000 yen |
| net income | 10,613 thousand yen | 11,946,000 yen | 11,102,000 yen |
| Net income per share | 10,613 yen | 11,946 yen | 11,103 yen |
| Dividend per share | - | - | - |
The company is entrusted with Bestco's back office operations. Although the company does not prepare consolidated financial statements, an overview of Bestco Co., Ltd., a wholly owned subsidiary of the company, is as follows.
Bestco Co., Ltd.
| name | Bestco Co., Ltd. |
|---|---|
| location | 5-11-7 Kuwano, Koriyama City, Fukushima Prefecture |
| Representative's title and name | Representative Director Daisuke Iseki |
| Business content | Management of individual instruction school |
| capital | 10 million yen |
| Date of establishment | April 22, 2009 |
| Major shareholders and shareholding ratio | Global Assist Holdings Co., Ltd. 100.0% |
Relationship between the listed company and the company
| capital relationship | There are no applicable items. |
|---|---|
| human relations | There are no applicable items. |
| business relationship | There are no applicable items. |
Business results and financial position of the company for the past three years
| Fiscal year end | June 2022 | June 2023 | June 2024 |
|---|---|---|---|
| net worth | 395,203 thousand yen | 481,674 thousand yen | 544,512 thousand yen |
| total assets | 1,018,586 thousand yen | 1,193,671 thousand yen | 1,047,602 thousand yen |
| Net assets per share | 1,976,017 yen | 2,408,373 yen | 2,722,561 yen |
| Sales | 1,985,454 thousand yen | 2,229,049 thousand yen | 2,304,674 thousand yen |
| Operating profit | 27,968,000 yen | 137,415 thousand yen | 94,343 thousand yen |
| Ordinary profit | 55,518 thousand yen | 138,245 thousand yen | 98,647 thousand yen |
| net income | 29,782 thousand yen | 86,471 thousand yen | 62,837 thousand yen |
| Net income per share | 148,913 yen | 432,356 yen | 314,188 yen |
| Dividend per share | - | - | - |
Overview of the partner for stock acquisition
| full name | Daisuke Iseki |
|---|---|
| address | Koriyama City, Fukushima Prefecture |
| Relationship between the listed company and the company | There are no capital, personnel, or business relationships that should be noted between the Company and the individual concerned. Additionally, there are no noteworthy capital, personnel, or business relationships between the Company's related parties or affiliated companies and the individual or the individual's related parties. |
Number of acquired shares, acquisition price, and status of owned shares before and after acquisition
| Number of shares held before change | -Stocks (Number of voting rights: -) (Ownership ratio: -%) |
|---|---|
| Number of shares acquired through transfer | Daisuke Iseki: 510 shares (Number of voting rights: 510) |
| Acquisition price | Acquisition price due to transfer: 976,674 thousand yen Due diligence costs, etc. (estimated amount): 16,883 thousand yen Total (estimated amount): 993,557 thousand yen |
| Number of shares held after change | 510 shares (Number of voting rights: 510) (Ownership ratio: 51.0%) |
schedule
| Board of Directors resolution date | November 13, 2024 |
|---|---|
| Date of conclusion of stock transfer agreement | November 13, 2024 |
| Stock transfer execution date | Mid-December 2024 (planned) |
Future outlook
We are currently examining the impact that this acquisition will have on our consolidated financial results for fiscal 2024. If any matters that require disclosure arise in the future, we will promptly notify you. Furthermore, based on our know-how and core competencies in the education business, we will actively consider expanding into other fields where growth is expected.
Contact information
United Corporation IR
Email: [email protected]
Head office location: MFPR Shibuya Building, 1-2-5 Shibuya, Shibuya-ku, Tokyo 150-0002
Date of establishment: February 20, 1998
Representative: Representative Director, President and Executive Officer Officer Yoki Hayakawa
Business details: Investment business, education business, human resources matching business, ad tech/content business
URL: https://united.jp/
■Press release source - United Corporation
https://companydata.tsujigawa.com/company/6010401094782/
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