FY2022-Q2First statedAnnual report
「Hapine Life Ikkou Co., Ltd., a core subsidiary in the healthcare business, carried out a third-party allotment of shares in June 2021 to AEON CO.,LTD. and TOHO HOLDINGS CO.,LTD. The funds raised will be allocated to M&A and other initiatives related to the healthcare business, as well as construction of fee-based nursing homes, with the aim of further expanding the scale of the business and improving profitability. Funds generated from financing activities amounted to ¥1,314 million, compared with an outflow of ¥323 million in the same period of the previous year. This was mainly due to a net increase of ¥660 million in short- and long-term borrowings and ¥750 million in proceeds from payments by non-controlling shareholders.」
In June 2021, the company carried out a third-party allotment of shares and, for the first time, explicitly stated its policy of allocating the funds raised, including ¥750 million in payments from non-controlling shareholders, to healthcare-related M&A and construction of fee-based nursing homes.