en (4849) · InitiativeWorsened
Entry into the foreign worker recruitment business through the acquisition of JapanWork as a subsidiary
First written in FY2020-Q2. 1 of 2 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2021-Q1.
2entries
2years
0from disclosures
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Same theme, other companies
Entry into recruitment and employment support services for foreign nationals through the acquisition of JapanWorkA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2021-Q1Goodwill impairment arose at JapanWork, the acquired companyAnnual report
「Quarterly net income attributable to owners of the parent was ¥618 million, down 67.8% year on year.」
The Company reflected the impairment of goodwill related to 株式会社JapanWork, which had been made a subsidiary, in the first quarter and recorded an impairment loss of ¥235 million. - FY2020-Q2First statedAnnual report
「JW, which is being acquired as a subsidiary, operates the JapanWork comprehensive job-search website for foreign workers and began offering its chat concierge service in December 2018, which handles communications between companies and foreign workers. By using technology, the service not only reduces the burden on recruitment staff but also contributes to improving the success rate of recruiting foreign workers who face language barriers.」
On 12 July 2019, the Company acquired shares in 株式会社JapanWork, which operates JapanWork, and made it a subsidiary with a voting rights ratio of 51%. Through its comprehensive job-search website for foreign workers and chat concierge service, the Company aims to provide value to client companies and grow its foreign-worker business. The consideration for the shares was ¥229 million, goodwill was ¥254 million, and the purchase price allocation was being treated provisionally. The Company also entered into a basic agreement for the subsequent acquisition of all shares through a share exchange.