ExaWizards Inc. (TSE Growth: 4259) told the exchange on September 8, 2026 that its board had resolved to buy all 500 shares of Tokyo-based ele&company, converting a consulting firm it already outsources work to into a wholly owned subsidiary. The price: ¥700mn for the shares plus ¥4mn in advisory fees, ¥704mn in total.
ele&company is young. It was founded on April 8, 2024 with ¥5mn in capital and runs consulting, paid job-placement and worker-dispatch businesses out of Nihonbashi in Chuo ward. Its growth has been fast by any measure: revenue rose from ¥12.3mn in the year to December 2024 to ¥205.3mn the following year, then to ¥395.9mn in the six months to June 2026, with ¥55.3mn of operating profit in that half-year alone.
| Metric | Year to Dec 2024 | Year to Dec 2025 | H1 (to Jun 2026) |
|---|---|---|---|
| Revenue | ¥12.3mn | ¥205.3mn | ¥395.9mn |
| Operating profit | ¥1.2mn | ¥25.8mn | ¥55.3mn |
| Net income | ¥0.8mn | ¥20.2mn | ¥35.5mn |
| Net assets | ¥5.8mn | ¥26.1mn | ¥61.6mn |
The two people selling are ele&company's representative director, who holds 450 of the 500 shares (90.0%), and a fellow director holding the remaining 50 (10.0%). Both are staying on to run the company after the sale, alongside the existing management team. ExaWizards frames the deal as buying a customer entry point, not just headcount. ele&company already does outsourced AI-consulting work for ExaWizards' own clients, though the filing says the two companies have no capital, personnel or related-party ties before this deal.
ExaWizards says it serves more than 2,500 corporate and government clients with AI products, but argues that consultants who can translate a client's own operational problems into AI projects, as distinct from IT-focused staff, are scarce across the industry. It cites IDC Japan's 2025-2029 forecast for the domestic business-consulting market as evidence of the gap. The stated synergies range from importing ele&company's standardized, team-based sales model into ExaWizards' existing offerings to cross-selling ExaWizards' client base into ele&company's pipeline, and using an "AI plus consulting" career pitch to help ExaWizards recruit talent that ele&company could not attract on its own.
ele&company's results will be consolidated into ExaWizards' group accounts starting in the third quarter of the fiscal year ending March 2027. The deal's effect on full-year guidance is still under review, and ExaWizards says it will disclose any resulting forecast revision once it is confirmed. The agreement is due to be signed and the shares transferred within September 2026.