Rarejob subsidiaries Progrit and Rarejob Technologies to merge
Rarejob has announced an absorption-type merger where Progrit Inc. will be the surviving company and Rarejob Technologies Inc. will be dissolved. The decision to enter a merger agreement was made on October 20, 2025, with the agreement scheduled for November 10, 2025, and shareholder approval expected on November 24, 2025. This strategic move aims to integrate management resources and establish a more efficient operational structure to enhance the group's overall corporate value, particularly through strategic investments in AI.
Progrit Inc., established on March 1, 2021, specializes in global leader assessment, development, and recruitment-related businesses. As of March 31, 2025, it reported net assets of JPY 223,237 thousand, total assets of JPY 329,218 thousand, and revenue of JPY 797,299 thousand. Rarejob Technologies Inc., established on January 4, 2022, focuses on educational service development, IT consulting, and AI-powered service development. For the same period, it reported net assets of JPY 135,030 thousand, total assets of JPY 223,476 thousand, and revenue of JPY 733,556 thousand.
Both companies are 100% owned by Rarejob. The merger will not involve the issuance of new shares, an increase in capital, or the payment of merger consideration. Rarejob anticipates this merger between its consolidated subsidiaries will have a minor impact on its consolidated business performance.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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