Youkosha Co.,Ltd. agreed to acquire P&A Co., Ltd from Hideki Suda, Aki Sada, Seiji Suzuki and Satoshi Kikuchi for ¥12 million.
June 28, 2018
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Youkosha Co.,Ltd. (TSE:6576) agreed to acquire P&A Co., Ltd from Hideki Suda, Aki Sada, Seiji Suzuki and Satoshi Kikuchi for ¥12 million on June 28, 2018. Hideki Suda will sell 91.4% stake in P&A. 700 shares will be purchased as part of the deal. P&A Co., Ltd will become a wholly owned subsidiary of Youkosha after the deal. For the period ending March 31, 2018, P&A reported total assets of ¥17.16 million, net assets of ¥7.8 million, revenue of ¥84.1 million, operating loss of ¥3.35 million and net loss of ¥3.78 million. Board of Youkosha resolved in favor of the deal on June 28, 2018. Contract will be signed on July 2, 2018 and share exchange will also take place on the same date. Advisory expenses amounted to ¥3.5 million.
Youkosha Co.,Ltd. is a Japan-based company mainly engaged in the provision of nursing care service. It operates through four business segments. Day Service business provides nursing care such as meal, bathing and excretion, function training and recreation within the facility. Nursing Home business operates paid nursing homes that provide residents with nursing care such as dining, bathing, excretion, as well as daily living services such as functional training, medical care and recreation. Home Service business includes visiting nursing care, in-home nursing care support, lending and sale of welfare equipment, and housing renovation. Education business operates a course to teach knowledge on nursing care and technology concerning nursing care, in order to train personnel in the nursing care service industry and to secure excellent nursing care human resources at the Company.