Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
1033
¥ million (approximate total of the acquisition price, advisory fees and other costs)Wording
Conditional
How definitive the wording is.This transaction
This share acquisitionCounterpartyRecruit Medical Career Co., Ltd.
Disclosing companyMEDLEY,INC.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Recruitment support services for physicians and pharmacists
Location Chiyoda-ku, TokyoShare capital ¥20 million (planned)Date of incorporation 1 April 2026 (予定)
Net Sales¥2,658 million (fiscal year ended March 2025, target business)
Consideration and expenses
Acquisition priceCommon shares of the newly established company: ¥1,000 million
Expenses other than the acquisition priceAdvisory fees and other expenses (estimated): ¥33 million
Type of ConsiderationCash
Impact on Business Performance
The impact has already been reflected in the full-year earnings forecast for the fiscal year ending December 2026 announced on 13 February 2026, based on conservative estimates of approximately +¥500 million in revenue and approximately -¥300 million in EBITDA.
Procedures and assumptions
Conditions Precedent to ExecutionBefore this share acquisition, the newly established company is scheduled to succeed to all businesses of RMC Co. through an absorption-type company split.
Management structure after acquisitionThe name of the newly established company is RM Career Co., Ltd. Its representative has not been determined. Employee treatment: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This share acquisition |
| Counterparty name | Recruit Medical Career Co., Ltd. |
| Name of the Subject Company | RM Career Co., Ltd. (newly established company) |
| Business Description of the Subject Company | Recruitment support services for physicians and pharmacists |
| Location of the Subject Company | Chiyoda-ku, Tokyo |
| Capital Stock of the Subject Company | ¥20 million (planned) |
| Date of Establishment of the Subject Company | 1 April 2026 (予定) |
| Net Sales of the Subject Company | ¥2,658 million (fiscal year ended March 2025, target business) |
| Acquisition price | Common shares of the newly established company: ¥1,000 million |
| Expenses other than the acquisition price | Advisory fees and other expenses (estimated): ¥33 million |
| Type of Consideration | Cash |
| Number of shares acquired | 2 shares (number of voting rights: 2) |
| Voting rights ownership percentage | Before 0.0% → after 100.0% |
| Impact on Business Performance | The impact has already been reflected in the full-year earnings forecast for the fiscal year ending December 2026 announced on 13 February 2026, based on conservative estimates of approximately +¥500 million in revenue and approximately -¥300 million in EBITDA. |
| Date of board resolution | 27 March 2026 |
| Contract Date | 27 March 2026 |
| Execution Date / Effective Date | Share transfer execution date: 3 August 2026 (planned) |
| Conditions Precedent to Execution | Before this share acquisition, the newly established company is scheduled to succeed to all businesses of RMC Co. through an absorption-type company split. |
| Management structure after acquisition | The name of the newly established company is RM Career Co., Ltd. Its representative has not been determined. Employee treatment: Not disclosed |
Items this document does not state (13)
Operating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.By combining Medley’s customer acquisition capabilities with Recruit Medical Career’s expertise in recruitment support services, the companies aim to expand their share in the physician, pharmacist and hospital sectors, strengthen online support for recruitment outsourcing services and expand into multiple occupations. In the future, they also expect to develop BPO services for medical institutions using AI and DX.
How to read this page
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