tiprankstipranks
Advertisement
Advertisement

NAC to Make Staffing Joint Venture Good Life Business Support a Wholly Owned Subsidiary

Story Highlights
  • NAC Co., Ltd. will acquire the remaining 50% of Good Life Business Support Inc., making the staffing joint venture a wholly owned subsidiary to bolster group-wide recruitment capabilities.
  • The full integration of GLBS, which has supported NAC’s Duskin business amid Japan’s tightening labor market, is aimed at optimizing recruitment costs across the group with limited near-term earnings impact.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NAC to Make Staffing Joint Venture Good Life Business Support a Wholly Owned Subsidiary

Claim 55% Off TipRanks

The latest announcement is out from NAC Co., Ltd. ( (JP:9788) ).

NAC Co., Ltd. has signed a share transfer agreement to acquire the remaining 50% stake in Good Life Business Support Inc. from Backs Group Inc., turning the staffing-focused joint venture into a wholly owned subsidiary. GLBS, established in 2019 and currently providing temporary staffing primarily for NAC’s Duskin business, has helped reduce personnel, time, and recruitment costs amid Japan’s tightening labor market.

By fully integrating GLBS, NAC aims to leverage the subsidiary’s staffing know-how more broadly across the group and further optimize recruitment-related expenses, with plans to expand its services beyond the Duskin segment. The acquisition, priced at a scheduled ¥32 million for 3,000 shares and set to close on May 1, 2026, is expected to have an immaterial impact on consolidated results for the fiscal year ending March 31, 2027.

More about NAC Co., Ltd.

NAC Co., Ltd. is a Japan-based services company listed on the TSE Prime Market, operating businesses that include the Duskin franchise and related service operations. Through its group companies, NAC utilizes staffing services to support recruitment and business expansion, particularly in response to demographic pressures in the domestic labor market.

Average Trading Volume: 91,100

Technical Sentiment Signal: Buy

Current Market Cap: Yen23.22B

Find detailed analytics on 9788 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1