Living Platform,Ltd. entered into a share transfer agreement to acquire Blue Care Co.,Ltd. from Blue Melon Capital Co., Ltd.
August 31, 2021
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Living Platform,Ltd. (TSE:7091) entered into a share transfer agreement to acquire Blue Care Co.,Ltd. from Blue Melon Capital Co., Ltd. on August 31, 2021. Pursuant to the terms of the agreement, Living Platform,Ltd., shall acquire around 200 shares of Blue Care Co.,Ltd. With the acquisition of shares, Blue Care Co.,Ltd., will become a consolidated subsidiary of Living Platform,Ltd., from the fiscal year ending March 2022 (scheduled for October 1, 2021). For the fiscal year ended March 31, 2021, Blue Care Co.,Ltd., had net assets of ¥910 million, total assets of ¥563 million, sales of ¥1.36 billion, operating profit of ¥272 million and net income of ¥296 million. The transaction was resolved upon by the Board of Directors of Living Platform,Ltd., on August 31, 2021. Execution of the share transfer agreement is expected to occur in January 2022.
Living Platform,Ltd. is a Japan-based company mainly engaged in the life care business. The Life Care segment is engaged in the development of nursing care business, support services for people with disabilities, childcare business and other businesses. The nursing care business provides paid nursing homes with nursing care, residential paid nursing homes, housing for the elderly with services, cohabitation care for people with dementia, home care support, day care, short-term nursing home life care, home care and consulting services. The support business for persons with disabilities provides employment continuation support, consultation support, independence training and cohabitation support services. The daycare business operates licensed daycare centers and company-led daycare centers. Other businesses provide catering services, job advertisement services, real estate holding and leasing business and joint purchasing business.