Establishment and dissemination of a management model covering nursing-home operations, staff development, and management through a Shanghai joint venture

「In January 2018, the company also established 上海保原健康管理諮詢有限公司 in Shanghai, China, as a joint venture with a Chinese company. It provides management consulting and operational guidance for nursing homes owned by the local joint-venture partner, 保集健康ホールディングス, and plans to expand services mainly to nursing-care facilities that the group develops and acquires actively in the future.」

「Based on a resolution of the Board of Directors dated 24 November 2017, the company completed the procedures for establishing a new company jointly funded by 上海金盛隆養老服務有限公司, which is responsible for the Shanghai area of Hong Kong-listed 保集健康ホールディングス, and 株式会社リブラ. The joint venture is scheduled to become an equity-method affiliate of the company from the fourth quarter of the consolidated fiscal year. In China, the shift toward nuclear families is making elderly care an increasingly serious issue. The situation is particularly severe in urban areas, where demand for nursing care is rising. The company established a subsidiary in Shanghai in August 2015 and began providing nursing-care services. The joint venture was established to develop and widely disseminate a management model covering everything from nursing-home operations to staff development and management. Capital: 10,000,000 RMB. Ownership interests: 上海金盛隆養老服務有限公司 51.0%, Care Service Co.,Ltd. 30.0%, 株式会社リブラ 19.0%.」