Fullcast Holdings strengthens Zenken partnership with capital and business alliance

Fullcast Holdings resolved to acquire a portion of Zenken Corporation's shares and simultaneously enter into a capital and business alliance agreement on November 14, 2025. This decision builds upon a business alliance established on September 19, 2025, which focused on service provision and sales activity collaboration. The new capital relationship, involving the acquisition of 370,000 ordinary shares of Zenken from existing shareholders via ToSTNeT-1, aims to create a more robust framework for pursuing medium to long-term business synergies.

The acquisition price will be set at a 7% premium over Zenken's closing price on November 14, 2025. Post-acquisition, Fullcast Holdings will hold an approximate 3.04% voting rights stake in Zenken. The alliance is projected to enhance Fullcast Holdings' offerings in the foreign worker sector and contribute to resolving structural issues in Japan’s labor market through integrated services ranging from overseas talent referral to education, training, recruitment support, and web marketing.

Zenken Corporation, established in July 1978, specializes in media production for niche markets and overseas human resource placement. For the fiscal year ending June 2025, Zenken reported net sales of JPY 5,536 million, operating profit of JPY 386 million, and net assets of JPY 12,370 million. Fullcast Holdings anticipates a minor impact on its consolidated financial results for the fiscal year ending December 31, 2025, focusing on long-term corporate value enhancement through synergistic effects.