ASMO CORPORATION
2654・Standard Market・Retail Trade
ASMO Business
Corporate segment responsible for group holding company functions and real estate leasing
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Sales (External Customers) | ¥5 million (full year, FY2026 (ending March 2026)) | ¥5 million (full year, FY2025 (ended March 2025)) | — |
| Segment Operating Loss | -¥60 million (full year, FY2026 (ending March 2026)) | -¥99 million (full year, FY2025 (ended March 2025)) | ↑ |
| Segment Assets | ¥2,891 million (end of FY2026 (ending March 2026)) | ¥2,998 million (end of FY2025 (ended March 2025)) | ↓ |
| Depreciation | ¥5 million (full year, FY2026 (ending March 2026)) | ¥4 million (full year, FY2025 (ended March 2025)) | ↑ |
| Internal Sales (Transfer Amount) | ¥200,000 thousand (full year, FY2026 (ending March 2026)) | ¥140,000 thousand (full year, FY2025 (ended March 2025)) | ↑ |
Business Details
A segment comprised solely of ASMO Corporation. Its main functions are the control and management of group companies (a holding-company-like role) and real estate leasing. Revenue from external customers is limited to approximately ¥5 million, consisting mainly of real estate rental income, while internal group sales (management services provided to subsidiaries, etc.) account for the majority of revenue. The segment consistently generates a segment loss, functioning as a cost center that bears the group's overall indirect expenses.
Recent Overview
Loss narrowed, and the acquisition of TrustGrowth was finalized as a subsequent event
For the full year of FY2026 (ending March 2026), the segment operating loss was ¥60 million (an improvement of ¥39 million year-on-year). Segment assets decreased by ¥106 million from the previous fiscal year-end to ¥2,891 million, mainly due to a ¥701 million decrease in cash and deposits (including the payment of ¥600 million in advance payments). As a subsequent event, all shares of TrustGrowth Co., Ltd. and two other companies were acquired on April 1, 2026, for an acquisition cost of ¥1,200 million (cash consideration). The company operates a staffing and placement business for the elderly welfare industry and IT outsourcing, and also engages in a foreign human resources business utilizing the Technical Intern Training Program. Goodwill and the assets and liabilities to be assumed have not yet been finalized.
Key Products
Growth Drivers
- Expansion of the group's business scope through the acquisition of TrustGrowth Co., Ltd. (staffing and placement business, IT outsourcing) as a subsidiary (completed April 1, 2026, acquisition cost ¥1,200 million)
- Capturing growth in the staffing market for the nursing care and welfare industry against the backdrop of a super-aging society (including TrustGrowth's use of the Technical Intern Training Program)
- Expanding sales channels, maximizing sales efficiency, and reducing costs through synergies with group companies
- Strengthening intra-group service provision through expansion of internal sales (transfer amount) (from ¥140,000 thousand in the prior period to ¥200,000 thousand in the current period)
Risks
- A cost center structure in which segment losses are consistently generated (operating loss of ¥60 million in FY2026 (ending March 2026); ¥99 million in FY2025 (ended March 2025))
- The amounts of goodwill, acquisition-related expenses, and assets and liabilities to be assumed in connection with the acquisition of TrustGrowth are currently undetermined, creating uncertainty regarding the financial impact after the business combination
- Impact on liquidity from the cash outlay of ¥1,200 million for the acquisition cost of TrustGrowth (an advance payment of ¥600 million has already been recorded in investing cash flow for the current period)
- Risk of increased burden of group-wide indirect expenses (due to rising labor costs and inflation)
- Cost burden associated with the development and maintenance of internal control systems
Last updated: June 25, 2026