Quosia Co., Ltd. entered into a share transfer agreement to acquire Smile Yakkyoku Co., Ltd. from Fb Care Service Co.,Ltd..
July 30, 2022
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Quosia Co., Ltd. entered into a share transfer agreement to acquire Smile Yakkyoku Co., Ltd. from Fb Care Service Co.,Ltd. (TSE:9220) on June 30, 2022. The Smile Yakkyoku had net assets of ¥30.56 million, total assets of ¥92.49 million, sales of ¥153.22 million, operating profit of ¥23.66 million and net income of ¥17.02 million, for fiscal year ending March 2022. The transaction is expected to close on July 15, 2022. The impact of this transaction on the consolidated financial results of Fb Care for the fiscal year ending March 2023 is expected to be minor but will promptly notify if there are any matters to be disclosed in the future.
FB Care Service Co Ltd is a Japan-based company mainly engaged in the nursing care business. The Company operates through two segments. The Welfare Equipment segment provides welfare equipment rental and sales based on the Long-term Care Insurance Law, and home care support. The Long-term Care segment includes pay nursing homes with nursing care, residential pay nursing homes, group homes, small-scale multifunctional home care, nursing small-scale multifunctional home care, day services, home-visit care, home-visit nursing care, and long-term care non-insurance services. The Company provides welfare equipment, home care support, and dominant care services in the Shinetsu and Kita-Kantou areas.