Ricksoft Co., Ltd. (TSE:4429) is looking for mergers and acquisitions. During the company's full-year financial results briefing for the fiscal year ended February 28, 2023, Hiroshi Ohnuki, Chief Executive Officer, said that ‘As mentioned in the medium-term plan, we are considering JPY 1 billion for investment to achieve growth. We have several candidates for what exactly we will use the funds for, but as I have said before, we are continuing to consider M&A, and we are also planning to use the funds for training our increased number of employees so that they can be properly effective.

We would like to disclose what exactly the JPY 1 billion will be used for when it is decided, so at this time we would like to give this level of explanation'.