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ポールHD Research Memo(2):事業間シナジーによる事業拡大サイクルを実現(1)

Paul HD Research Memo (2): Achieving business expansion cycle through inter-business synergy (1)

Fisco Japan ·  Oct 18 15:02

Company overview of Paul to Win Holdings Ltd <3657>

The company, established in 2009 as a pure holding company through a joint equity transfer method between Paul to Win Corporation, Japan's first independent debugging outsourcing company (founded in 1994), and Pit Crew Co., Ltd., the industry's first net support specialist company (founded in 2000, dissolved through absorption merger in February 2022). Debugging entrusted business to discover defects potentially hidden in gaming software, prevent troubles and unforeseen events preemptively, and net support business conducting net monitoring for the healthy operation of the Internet are the origins of the company group. Even after transitioning to a holding company system, the company has smoothly expanded its business areas, meeting customer needs, starting overseas solutions in 2012, and officially launching media content expansion in 2015, increasing sales.

In addition to steady growth in existing businesses, the company actively conducts mergers and acquisitions for business foundation strengthening. As of the end of the second quarter of the consolidated subsidiary in January 2025, there are 48 companies. Until the fiscal year ending January 2022, the company operated in two segments: the debugging and verification business, and the net support business. As services expanded through mergers and acquisitions for operational efficiency, from the fiscal year ending January 2023, the company consolidated into a single segment of Service Lifecycle Solution Business. It divides its business activities into three categories: domestic solutions, overseas solutions, and media content.

"As needs, markets, and environments continue to evolve, staying stagnant will not lead to sustainable improvement in corporate value. By trial and error, we aim to seize the future" is the company slogan, providing solutions tailored to customer challenges in 14 cities in Japan and 21 locations in 14 countries overseas as of the end of July 2024. As of the end of the second quarter of January 2025, the capital is 1,239 million yen, and as of the end of January 2024, the total group employees were 8,652 (including 3,292 regular employees).

(Written by FISCO Guest Analyst Yoichiro Shimizu)

The translation is provided by third-party software.


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