Asmo Co., Ltd. has announced the acquisition of TrustGrowth, a staffing company in the welfare sector, to enter the growing market and enhance its service offerings.

Target Information

Asmo Co., Ltd. (ticker: 2654) has strategically expanded its operations by acquiring TrustGrowth, a company specializing in staffing services for the welfare sector. Located in Shinjuku, Tokyo, TrustGrowth primarily serves the elderly care industry by offering both staffing and recruitment services. Their business has experienced significant growth, evidenced by their revenue of 2.45 billion yen and an operating profit of 150 million yen for the fiscal year ending June 2025, alongside net assets amounting to 472 million yen. This acquisition will enable Asmo to effectively enter the staffing market, leveraging TrustGrowth's established presence.

Industry Overview in Japan

The staffing industry in Japan has demonstrated resilience and adaptability, particularly in the welfare sector, which is experiencing a notable expansion due to the country’s aging population and increasing demand for elderly care services. With a growing number of companies entering the market to cater to this demographic trend, the competition is intensifying. The workforce's efficiency and the quality of services delivered by staffing firms are crucial for maintaining industry standards.

Furthermore, the demand for foreign labor in Japan is increasing as organizations seek skilled professionals to fill gaps in the domestic workforce. TrustGrowth's initiatives to incorporate foreign workers into their