TWOSTONE&Sons＜7352＞ announced on the 30th that it will acquire all shares of Carecon and make it a subsidiary.

The company provides opportunities for career development and secure employment for IT engineers, offering resources to companies and providing solutions to address the shortage of IT engineers in the country. Their matching service for freelance engineers and companies, 'Midworks,' is one of the company's businesses. Carecon operates a similar business to Midworks and has unique expertise in talent development and customer acquisition.

Both companies expect to achieve cross-selling by combining their customer bases and IT engineer databases, believing that they can both further grow. They anticipate expanding the market share in the junior engineer talent industry, improving their presence, and expecting to improve their revenue structure by utilizing the company's assets, streamlining operations. Carecon is scheduled to become a subsidiary of the company starting from the first quarter of the August 2025 fiscal year (September-November 2024).