Asmo acquires TrustGrowth to bolster elderly care services

Asmo Corporation's board of directors approved the acquisition of all outstanding shares of TrustGrowth Co., Ltd. on December 8, 2025, with a planned execution date of April 1, 2026. This acquisition aims to strengthen Asmo's capabilities in the elderly care and welfare sector, leveraging TrustGrowth's expertise in human resource dispatch and introduction services, particularly for foreign talent.

TrustGrowth, established on August 1, 2008, recorded net assets of JPY472m and sales of JPY2,453m for the fiscal year ended June 2025. The transaction involves acquiring 600 shares, representing 100% of TrustGrowth's voting rights. The acquisition price is currently undisclosed and will be determined through negotiations based on valuations by external experts.

This move is expected to generate significant synergies, including expanding sales channels, maximizing operational efficiency, and reducing costs through the integration of TrustGrowth's operations. The acquisition is a related-party transaction, as TrustGrowth's representative director, Hiroshi Nagai, is the brother of Asmo's representative director, Takashi Nagai. Independent evaluations and a special committee ensured the fairness and validity of the transaction for minority shareholders.