Wakita expands rental business with Carelex acquisition

Wakita Co., Ltd. announced its agreement to acquire an 80% stake in Carelex Co., Ltd. from H.U. Group Holdings, Inc., making Carelex a consolidated subsidiary. Carelex, headquartered in Tokyo, specializes in the wholesale rental of welfare equipment, including wheelchairs and nursing care beds. This acquisition aligns with Wakita's strategy to expand its nationwide welfare equipment rental wholesale business.

The acquisition involves 7,200 shares for a total consideration of JPY 5,200 million. Carelex's latest financial results for the fiscal year ended March 2025 reported net assets of JPY 1,413 million, total assets of JPY 4,377 million, and sales of JPY 5,895 million. Operating profit stood at JPY 287 million.

The contract signing date is September 16, 2025, with the share transfer expected to be completed on November 28, 2025. The transaction is subject to the completion of the required period under Japan's Antimonopoly Act following notification to the Fair Trade Commission. Wakita is currently assessing the impact on its consolidated financial performance.