Expansion of the service area and service offerings in the nursing and welfare business through the acquisition of Nagomi
First written in FY2024-Q2. 4 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 1 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「The nursing and welfare business is expected to continue to enjoy strong demand as Japan’s declining birthrate and aging population progress.」
Continued growth in demand for nursing services is described in support of the expansion policy for the nursing and welfare business, including Nagomi. - FY2025RestatedAnnual report
「The acquisition of Fureai Town and Nagomi in August 2023, the acquisition of the disability group-home business g-port in November of the same year, and the acquisition of Nagomi Life Care in May 2024 resulted in revenue of ¥2,604 million, up 77.4% year on year, and segment profit of ¥101 million, up 781.2%.」
Past share acquisitions and business acquisitions, including Nagomi, are again cited as factors behind growth in nursing and welfare revenue and profit. - FY2025-H1RestatedAnnual report
「In the nursing and welfare business, Alpha Showa in Osaka, which provides home-visit care, and L-Farm in Okinawa, which provides employment support, began operations. In addition, the acquisition of Fureai Town and Nagomi in August of the previous year, the acquisition of the disability group-home business g-port in November of the same year, and the acquisition of Nagomi Life Care in May 2024 resulted in revenue of ¥1,234 million, up 121.1% year on year, and segment profit of ¥53 million, up 973.2%.」
Past acquisitions and business acquisitions, including Nagomi, are again cited as drivers of higher revenue and profit in the nursing and welfare business. - FY2024-Q3RestatedAnnual report
「In the nursing and welfare business, Nanairo Care Center Shirokane, which provides home-visit care, began operations, and existing home care support, home-visit care and after-school day services remained solid. However, temporary increases in initial costs, including costs related to establishing a new operating structure at Nagomi, which became a subsidiary through an acquisition of shares in August 2023, and switching the lease agreement for the disability group-home business in Okinawa Prefecture acquired in November of the same year, resulted in revenue of ¥989 million, up 34.1% year on year, and a segment loss of ¥9 million, compared with segment profit of ¥16 million in the same period of the previous year.」
Costs associated with establishing a new operating structure after Nagomi became a subsidiary are described, indicating that initial post-acquisition integration and operating costs were incurred. - FY2024-Q2First statedAnnual report
「At a board meeting held on 18 August 2023, the Company resolved to acquire all shares of Nagomi and make it a subsidiary, and entered into a share transfer agreement on 21 August 2023.」
The Company acquired shares of Nagomi on 31 August 2023 and completed the acquisition of a 100%-owned subsidiary. The ¥97 million cash consideration is described as a measure to expand the service area in Saitama and launch a new service, fee-based nursing homes for the elderly.