Tsuji Hongo hits daily limit-up on plan to acquire back-office BPO firm CS Accounting as subsidiary
Tsuji Hongo IT Consulting Co., Ltd. <476A> was bid at its daily upper limit of 2,060 yen with no sellers in sight. After market close on Sep 30, Tsuji Hongo IT Consulting announced it will acquire all shares of CS Accounting, a provider of accounting and HR outsourcing and consulting services, and make it a wholly owned unit effective Oct 23. The announcement drew strong buying.
The move aims to strengthen Tsuji Hongo IT Consulting's business foundation and expand its market share through cross-selling and resource sharing, by bringing CS Accounting - which has established a solid position in back-office BPO primarily serving listed companies and their group firms - under its umbrella. The acquisition price is 4.009 billion yen. Tsuji Hongo IT Consulting noted the impact on earnings for the fiscal year ended Sep 2026 is expected to be minimal.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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