Wakita expands welfare equipment rental business with Care'x acquisition

Wakita & Co. has announced an agreement to acquire an 80% stake in Care'x Co., a subsidiary of H.U. Group Holdings, for 5,200 million yen. This acquisition, finalized on September 16, 2025, will make Care'x, a wholesale rental business for welfare equipment such as wheelchairs and nursing beds, a consolidated subsidiary of Wakita. The share transfer is scheduled for November 28, 2025.

The strategic move aims to expand Wakita's scale and geographic reach in the welfare equipment rental market, aligning with its core business. Care'x Co., established on December 14, 1999, reported net assets of 1,413 million yen and net sales of 5,895 million yen for the fiscal year ended March 31, 2025. Wakita will hold 7,200 shares, representing 80% of voting rights, post-acquisition.

The acquisition is subject to the passage of the period required under the Antimonopoly Act, following notification to the Fair Trade Commission. The impact on Wakita's consolidated business performance is currently under scrutiny, with further announcements expected if revisions are necessary.