Image Joho Kaihatsu (3803) said on Sept. 28, 2026 it will use ¥170 million (excluding tax) of proceeds from a third-party share allotment to acquire Digross's CRM business, dropping a planned ¥275 million (tax included) purchase of Cybridge Group's social media marketing business.
The Tokyo Growth-listed company raised estimated net proceeds of ¥594 million through the share allotment announced on Jan. 29, 2026, earmarking ¥479 million for business restructuring through M&A and ¥115 million for working capital. Those amounts are unchanged.
The company said the Digross deal would directly expand its BPO and services business and strengthen its earnings base, and that AI system development resources from a business alliance with fonfun, announced July 21, 2026, are expected to lift profitability early. It judged the deal would do more for corporate value than the Cybridge Group purchase, which it dropped after reaching agreement with Cybridge Group.
The remaining ¥309 million of the M&A budget will go to costs for other M&A deals, including brokerage and advisory fees.
| Use (¥ million) | Before | After |
|---|---|---|
| Cybridge Group social media marketing business | 275 | — |
| M&A deal sourced by M&A DX | 192 | — |
| Advisory fee to M&A DX | 12 | — |
| Digross CRM business | — | 170 |
| Other M&A-related costs | — | 309 |
| Working capital | 115 | 115 |
| Total | 594 | 594 |
The ¥275 million figure included consumption tax, while the ¥170 million price excludes it; consumption tax and advisory fees for the Digross deal will be paid from cash on hand. As of Sept. 28, none of the ¥594 million had been spent, and the full amount was held in bank deposits.
The funds are scheduled to be spent between April 2026 and March 2027. The company said the impact on its consolidated results for the fiscal year ending March 2027 is under review together with the business transfer, and that it will promptly disclose any matters requiring disclosure.
| Hikari Tsushin, Inc. | |
| Offer price | ¥1,000 per common share |
| M&A / TOB | 1 |
| Guidance | 0 |
| Buybacks | 0 |
| Dividends | 0 |
| Capital | 0 |
| Earnings | 0 |
| People | 0 |
Summaries of public disclosures by Japanese listed companies. Not investment advice; accuracy not guaranteed. Figures and dates in the TDnet originals prevail.
本站內容為日本上市公司公開開示之摘要整理，非投資建議，亦不保證正確。數字與日程以 TDnet 原文為準。
本サイトは日本の上場企業の適時開示を要約したものであり、投資助言ではありません。正確性は保証しません。数値・日程は TDnet の原文が優先します。