H.U. Group Holdings sells 80% stake in Care'x to Wakita

H.U. Group Holdings has entered into a share transfer agreement to sell 80% of Care'x Inc.'s issued shares to Wakita & Co., LTD. for 5,200 million yen. Care'x, established in 1999, specializes in wholesale welfare equipment rental. This transfer is set for execution on November 28, 2025, after signing on September 16, 2025. Following the transaction, Care'x will become an equity-method affiliate of H.U. Group Holdings, which will retain a 20% ownership stake, with plans to transfer the remaining shares to Wakita within one to two years after the closing date.

The divestment aligns with H.U. Group Holdings’ "H.U.2030" medium-term management plan, which prioritizes improving capital efficiency and realizing returns from past investments. Care'x faces intense competition and rising operational costs in a growing but challenging market. Wakita, primarily involved in construction machinery, is expanding its nursing care business and views Care'x as a strategic acquisition to boost its "Commercial Affairs Business" as part of its "2028 Medium-Term Management Plan."

As part of the deal, H.U. Group Holdings will acquire all 66.6% of StarQ GAIA Inc. shares currently held by Care'x, making StarQ GAIA a direct subsidiary. The financial impact of this transaction on H.U. Group Holdings’ consolidated earnings for the fiscal year ending March 31, 2026, is currently under review and will be announced if a forecast revision is necessary.