Asmo acquires TrustGrowth, expanding IT services

Asmo Corporation has completed the share transfer agreement to make TrustGrowth Co., Ltd. a subsidiary. The acquisition involves 600 shares for JPY 1,200 million, resulting in Asmo holding a 100% voting interest in TrustGrowth. TrustGrowth specializes in IT outsourcing for talent dispatch and introduction services. For the year ended June 2025, TrustGrowth reported net assets of JPY 472 million and revenue of JPY 2,453 million.

This acquisition also includes TrustGrowth's wholly-owned subsidiaries, TrustGrowth East Japan and TrustGrowth West Japan. TrustGrowth East Japan reported net assets of JPY 53 million and revenue of JPY 395 million for the year ended November 2024, while TrustGrowth West Japan reported net assets of JPY 122 million and revenue of JPY 1,312 million for the same period. The share transfer execution date is scheduled for April 1, 2026.

Takashi Nagai, representative director of Asmo, is the brother of Hiroshi Nagai, representative director of TrustGrowth, and held 100% of TrustGrowth's shares prior to this acquisition. The impact of this acquisition on Asmo's consolidated financial results is currently being assessed.