Placo completes acquisition of PBB, names new executives

Placo Corporation has completed a simplified stock exchange, making PBB Corporation a wholly owned subsidiary, effective October 20, 2025. This follows resolutions made at PBB's extraordinary general meeting of shareholders and a board meeting on September 29, 2025. Placo acquired all 4,000 common shares of PBB, representing a 100% ownership stake, and issued 241,932 new shares as part of the exchange.

Following the completion, PBB's new executive structure, resolved at its shareholder meeting on October 20, 2025, sees Takayuki Furuno appointed as representative director and president, also serving as Placo's representative director and president. Toshinori Honda joins as director, also serving as Placo's outside director. PBB, with a capital of 40,000,000 yen, specializes in general office staffing, human resource placement, and SE human resource placement.

Placo stated that its financial forecast for the fiscal year ending March 2026, announced on May 15, 2025, does not include the impact of this acquisition. The company is currently assessing the impact on its future performance and will make further disclosures if any material matters arise.