Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
395
¥ million (total consideration and acquisition-related expenses, approximate amount)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of shares and conversion into a subsidiaryCounterpartyMiyazaki Koji (宮崎 宏二), Hinagata Tatsuhiro (日永田 達弘)
Disclosing companyHuman Creation Holdings,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.White points represent dates designated as scheduled dates in the document.
Target company
Staffing services Recruitment services
Location Chuo-ku, TokyoShare capital ¥20 millionDate of incorporation 24 January 2014
Net Sales¥1,501 million (fiscal year ended March 2026)
Operating profit¥11 million (fiscal year ended March 2026)
Net income for the current fiscal year¥4 million (fiscal year ended March 2026)
Net assets¥176 million (fiscal year ended March 2026)
Consideration and expenses
Acquisition priceCommon shares: ¥360 million
Expenses other than the acquisition priceAcquisition-related expenses (approximate amount): ¥35 million
Type of ConsiderationCash (¥360 million purchase price for common shares)
Impact on Business Performance
The impact on the Company's consolidated results for the fiscal year ending September 2026 is currently under review. The Company will promptly disclose any matters that should be disclosed if they arise.
Procedures and assumptions
Valuation methodologyThe purchase price was negotiated and determined with the counterparty to the share acquisition based on the target company's past performance, current financial position, future management plans, and the due diligence conducted.
Management structure after acquisitionThe Company plans to deploy its Group's expertise in recruiting and training specialized personnel, sales management methods, and corporate management systems at Life Shield. Trade name, representative, and employee treatment: not disclosed
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares and conversion into a subsidiary |
| Counterparty name | Miyazaki Koji (宮崎 宏二), Hinagata Tatsuhiro (日永田 達弘) |
| Name of the Subject Company | 株式会社ライフシールド |
| Business Description of the Subject Company | Staffing services Recruitment services |
| Location of the Subject Company | Chuo-ku, Tokyo |
| Capital Stock of the Subject Company | ¥20 million |
| Date of Establishment of the Subject Company | 24 January 2014 |
| Net Sales of the Subject Company | ¥1,501 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | ¥11 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | ¥4 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | ¥176 million (fiscal year ended March 2026) |
| Acquisition price | Common shares: ¥360 million |
| Expenses other than the acquisition price | Acquisition-related expenses (approximate amount): ¥35 million |
| Type of Consideration | Cash (¥360 million purchase price for common shares) |
| Number of shares acquired | 400 shares (400 voting rights) |
| Voting rights ownership percentage | Before 0.00% → after 100.00% |
| Impact on Business Performance | The impact on the Company's consolidated results for the fiscal year ending September 2026 is currently under review. The Company will promptly disclose any matters that should be disclosed if they arise. |
| Date of board resolution | 26 June 2026 |
| Contract Date | 26 June 2026 |
| Execution Date / Effective Date | 1 July 2026 (予定) |
| Valuation methodology | The purchase price was negotiated and determined with the counterparty to the share acquisition based on the target company's past performance, current financial position, future management plans, and the due diligence conducted. |
| Management structure after acquisition | The Company plans to deploy its Group's expertise in recruiting and training specialized personnel, sales management methods, and corporate management systems at Life Shield. Trade name, representative, and employee treatment: not disclosed |
Items this document does not state (10)
Merger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Independent valuation institutionSpecial CommitteeConditions Precedent to Execution
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.Amid tight supply and demand for specialized personnel in the nursing care and medical fields, the Company intends to bring in Life Shield's staffing and recruitment businesses, its registered staff base of more than 20,000 people, and its customer base of approximately 400 companies. The Company plans to deploy the Group's expertise in recruitment and training, sales management, corporate management, and IT and DX at Life Shield, with the aim of improving recruitment capabilities, utilization rates, operating efficiency, and profitability, and expanding its human resources services business.
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