71-Year-Old Company Makes "Decision to Preserve the Firm" Amid Worsening Labor Shortage in Construction: Best Stage's First M&A in Apartment Building
Best Stage, specializing in apartment construction, announced its first M&A, acquiring all shares of Tomoe Komuten, a 71-year-old construction company. This move addresses the severe labor shortage and succession issues in the construction industry, aiming to preserve Tomoe Komuten's technology and legacy while expanding Best Stage's business into non-residential and public works.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 21:00
- 🔍 Collected: April 28, 2026 at 12:31
- 🤖 AI Analyzed: April 28, 2026 at 15:28 (2h 56m after Collected)
Best Stage Co., Ltd. (Representative: Manabu Tsubakiuchi; Headquarters: Fujimi City, Saitama Prefecture) acquired all shares of Tomoe Komuten Co., Ltd. (Representative: Nahoko Inao; Headquarters: Shinagawa-ku, Tokyo) on March 31, 2026, welcoming the company into the Best Stage Group.
This marks the first M&A for Best Stage. Currently, both companies are advancing collaboration with a focus on the succession of business, human resources, and technology, and specific initiatives at the field level have already begun.
**Share Purchase Agreement Signing Ceremony (March 31, 2026)**
**Best Stage’s "First M&A"**
This release is the first to share the background and philosophy behind the share acquisition completed on March 31, 2026. This is not an M&A aimed simply at expanding business scale; rather, it is positioned as a business succession-type initiative to create the future together as partners who share the same passion and aspirations, based on the intention to "preserve the company."
**Choosing M&A**
To date, Best Stage has primarily focused its business on apartment construction. Within this context, the group's goal of 10 billion yen in sales has become a reality, and the business is now entering a stage of looking toward its next growth phase.
To ensure sustainable growth in the future, we determined that it is necessary to seriously engage in fields beyond apartment construction, such as non-residential construction, RC (reinforced concrete) construction, and public works. However, these are not areas where a system can be built in a short period; they are fields where years of accumulated technology, field experience, and the securing of human resources are indispensable.
While there was the option of building up human resources and technology from scratch, we believed that in an environment where speed of change is required, relying solely on that approach would carry the risk of missing opportunities. Therefore, Best Stage concluded that rather than trying to handle everything on its own, joining hands with a company that already possesses solid technical capabilities and a proven track record was the most realistic and certain choice.
Furthermore, Best Stage has always been a company that does not settle for the status quo and actively takes on challenges it deems necessary. The choice of M&A was also a first for us and was by no means an easy decision. Nevertheless, we believe that rather than stopping out of fear of failure, taking on the choices necessary for the future and moving forward is our responsibility as a growing company.
In doing so, what we emphasized was not simply expanding our business domain, but whether the partner shared our values and approach to work.
**Why We Chose Tomoe Komuten**
Tomoe Komuten Co., Ltd. is a construction company with a 71-year history and a wide range of construction achievements, including RC construction and public works. While possessing high technical capabilities and the trust of the community, it faced challenges unique to the construction industry—such as an aging workforce, labor shortages, and succession issues—which created the possibility that continuing the business would become difficult.
Despite having excellent technology, a track record, and long-standing relationships of trust, there was a risk that the company could not survive due to "people" and "organizational" issues. This reality is not just a problem for Tomoe Komuten alone, but a serious challenge facing the entire construction industry.
Best Stage viewed this situation as a challenge of the industry structure itself and chose a business succession-type M&A. In this process, the deciding factors were "corporate culture" and "passion." Tomoe Komuten has a philosophy of "valuing the spirit of harmony where the three parties—customers, partner companies, and employees—cooperate and find mutual satisfaction when constructing buildings." This aligns with Best Stage's philosophy of "delivering inspiration and happiness for the world, for people, and for everyone."
Through repeated dialogue, the desire to "preserve the company" and the intention to "connect past value to the future" overlapped, resulting in the realization of this partnership.
**Best Stage Co., Ltd. × Tomoe Komuten Co., Ltd.**
**M&A to "Preserve the Company"**
This M&A is not an integration based on the premise of absorption or dissolution. What Best Stage aimed for, more than "expanding the business," was to carry the value held by Tomoe Komuten directly into the future.
Tomoe Komuten Co., Ltd. will continue its business as a member of the Best Stage Group while maintaining its company name, locations, and the business and trading relationships it has cultivated to date.
Acquiring all shares would be meaningless if employees left and technology or field capabilities were lost. That is why we are prioritizing sharing values and building relationships of trust through dialogue, rather than forcing rapid integration or systems. Based on this thinking, both companies are currently moving forward while deepening their understanding of the field, people, and organization.
This marks the first M&A for Best Stage. Currently, both companies are advancing collaboration with a focus on the succession of business, human resources, and technology, and specific initiatives at the field level have already begun.
**Share Purchase Agreement Signing Ceremony (March 31, 2026)**
**Best Stage’s "First M&A"**
This release is the first to share the background and philosophy behind the share acquisition completed on March 31, 2026. This is not an M&A aimed simply at expanding business scale; rather, it is positioned as a business succession-type initiative to create the future together as partners who share the same passion and aspirations, based on the intention to "preserve the company."
**Choosing M&A**
To date, Best Stage has primarily focused its business on apartment construction. Within this context, the group's goal of 10 billion yen in sales has become a reality, and the business is now entering a stage of looking toward its next growth phase.
To ensure sustainable growth in the future, we determined that it is necessary to seriously engage in fields beyond apartment construction, such as non-residential construction, RC (reinforced concrete) construction, and public works. However, these are not areas where a system can be built in a short period; they are fields where years of accumulated technology, field experience, and the securing of human resources are indispensable.
While there was the option of building up human resources and technology from scratch, we believed that in an environment where speed of change is required, relying solely on that approach would carry the risk of missing opportunities. Therefore, Best Stage concluded that rather than trying to handle everything on its own, joining hands with a company that already possesses solid technical capabilities and a proven track record was the most realistic and certain choice.
Furthermore, Best Stage has always been a company that does not settle for the status quo and actively takes on challenges it deems necessary. The choice of M&A was also a first for us and was by no means an easy decision. Nevertheless, we believe that rather than stopping out of fear of failure, taking on the choices necessary for the future and moving forward is our responsibility as a growing company.
In doing so, what we emphasized was not simply expanding our business domain, but whether the partner shared our values and approach to work.
**Why We Chose Tomoe Komuten**
Tomoe Komuten Co., Ltd. is a construction company with a 71-year history and a wide range of construction achievements, including RC construction and public works. While possessing high technical capabilities and the trust of the community, it faced challenges unique to the construction industry—such as an aging workforce, labor shortages, and succession issues—which created the possibility that continuing the business would become difficult.
Despite having excellent technology, a track record, and long-standing relationships of trust, there was a risk that the company could not survive due to "people" and "organizational" issues. This reality is not just a problem for Tomoe Komuten alone, but a serious challenge facing the entire construction industry.
Best Stage viewed this situation as a challenge of the industry structure itself and chose a business succession-type M&A. In this process, the deciding factors were "corporate culture" and "passion." Tomoe Komuten has a philosophy of "valuing the spirit of harmony where the three parties—customers, partner companies, and employees—cooperate and find mutual satisfaction when constructing buildings." This aligns with Best Stage's philosophy of "delivering inspiration and happiness for the world, for people, and for everyone."
Through repeated dialogue, the desire to "preserve the company" and the intention to "connect past value to the future" overlapped, resulting in the realization of this partnership.
**Best Stage Co., Ltd. × Tomoe Komuten Co., Ltd.**
**M&A to "Preserve the Company"**
This M&A is not an integration based on the premise of absorption or dissolution. What Best Stage aimed for, more than "expanding the business," was to carry the value held by Tomoe Komuten directly into the future.
Tomoe Komuten Co., Ltd. will continue its business as a member of the Best Stage Group while maintaining its company name, locations, and the business and trading relationships it has cultivated to date.
Acquiring all shares would be meaningless if employees left and technology or field capabilities were lost. That is why we are prioritizing sharing values and building relationships of trust through dialogue, rather than forcing rapid integration or systems. Based on this thinking, both companies are currently moving forward while deepening their understanding of the field, people, and organization.