Expansion into human resources services beyond caregiving and Filipino residents in Japan

「At a meeting of the Board of Directors held on 5 November 2020, we resolved to transfer to 株式会社グローバルトラストネットワークス (GTN) the human resources business division operated in our Filipino-resident-related business segment, comprising recruitment and staffing businesses, and entered into a business transfer agreement dated 6 November.」

「To address these conditions, we conducted business activities focused primarily on recruitment services for caregiving businesses, where demand for workers was relatively strong.」

「As the job market has deteriorated, we will specialize in staffing and recruitment services for caregiving businesses, an established business we have operated since launching our human resources business, in order to efficiently match the needs of job seekers and companies with vacancies.」

「We worked to expand recruitment and staffing services beyond caregiving, but both businesses remained sluggish because it was difficult to secure people seeking employment. We also planned and held job fairs (group interviews in an exhibition format) that brought together businesses seeking to hire foreign residents and dispatched foreign residents registered with us to those businesses, collecting participation fees from exhibiting businesses, in an effort to increase revenue from the human resources business.」

「We worked to expand recruitment and staffing services beyond caregiving, but both businesses remained sluggish because it was difficult to secure people seeking employment. We also planned and held job fairs (group interviews in an exhibition format) that brought together businesses seeking to hire foreign residents and dispatched foreign residents registered with us to those businesses, collecting participation fees from exhibiting businesses, in an effort to increase revenue from the human resources business.」

「Under these conditions, we worked to expand recruitment and staffing services beyond caregiving, while also planning and holding job fairs (group interviews in an exhibition format) that brought together businesses seeking to hire foreign residents and dispatched foreign residents registered with us to those businesses, in an effort to increase revenue from the human resources business.」

「The recruitment and staffing businesses, focused primarily on Filipino residents in Japan, have been affected by a challenging hiring environment caused by labor shortages amid favorable economic conditions. We are therefore strengthening efforts to diversify opportunities for connecting businesses with people seeking employment and are diversifying our services, including by holding job fairs (group job interviews) that provide employment opportunities for foreign residents. Going forward, we will continue to strengthen opportunities for connecting businesses with people seeking employment by expanding the target audience for job fairs to foreign residents and increasing the number of participating companies.」

「The human resources placement and staffing business focused on foreign residents from the Philippines has been affected by a challenging hiring environment resulting from labor shortages amid favorable economic conditions. The Company has therefore strengthened initiatives to diversify opportunities to connect employers with people seeking work and is diversifying its services, including by holding job fairs, or group employment interview events, that provide employment opportunities for foreign residents.」

「The Company is expanding business opportunities by holding job fairs, or group employment interview events, that provide employment opportunities for foreign residents. However, its traditional human resources placement and staffing business focused on foreign residents from the Philippines has been affected by a challenging hiring environment. Against a backdrop of declining birth rates and an aging population, structural labor shortages have increased the options available to foreign residents from the Philippines and improved their employment conditions. In response, the Company is working to expand and diversify opportunities to connect employers with people seeking work and increase revenue. For example, it is broadening job fairs to cover foreign residents more generally, while holding them at a scale and frequency appropriate to the number of participating companies, in an effort to improve satisfaction for both sides.」

「Going forward, the Company will leverage its experience developing the market for foreign residents to provide human resources services beyond foreign residents from the Philippines and the caregiving industry.」