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Tetsujin Holdings acquires Vanquour Promotion to boost staffing, event planning

October 21, 2025 at 12:03 PM UTCBy FilingReader AI

Tetsujin Holdings announced on October 21, 2025, it will acquire 320 out of 400 outstanding shares of Vanquour Promotion Co., Ltd., making it a consolidated subsidiary. This acquisition, expected to finalize on October 31, 2025, aims to create synergies with Tetsujin's existing karaoke, F&B, and beauty businesses, particularly by addressing chronic labor shortages and expanding into new areas like staffing and event planning. Vanquour Promotion's representative, Mr. Aoki, will continue his involvement.

The acquisition price for the 320 shares is JPY 480 million, with additional advisory costs estimated at JPY 39 million, bringing the total acquisition cost to JPY 519 million. To fund this, Tetsujin Holdings secured a short-term loan of JPY 517 million from The Bank of Yokohama, with an initial floating interest rate of 1.600% over a one-month period. The loan is scheduled for execution on October 31, 2025, and will be repaid in a lump sum.

Vanquour Promotion, established in 2006, specializes in temporary staffing, recruitment, and event planning. Its most recent financial performance (December 2024) reported net assets of JPY 376,183 thousand and net sales of JPY 1,562,767 thousand. The financial impact of the consolidation on Tetsujin Holdings' financial results will be reflected from the first quarter of the fiscal year ending August 2026.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

TSE:2404Tokyo Stock Exchange

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