New Company Established to Address Acute Labor Shortages in the Eldercare Sector
Nihon PMI Partners Inc. and Miwa Yamashita, representative of Your Bright Co., Ltd., are pleased to announce the agreement to establish a new company focused on foreign eldercare staffing services, effective October 8, 2024.
Nihon PMI Partners Inc. (Headquarters: Shinjuku, Tokyo; President and CEO: Satoshi Hamada; hereinafter “NPMI”) has reached an agreement with Your Bright Co., Ltd. (hereinafter “Your Bright”) to establish a new company specializing in foreign eldercare staffing services. Through Clematis Care Holdings Co., Ltd., a wholly-owned subsidiary of NPMI’s Regional Healthcare Revitalization Fund (limited liability partnership), NPMI will invest in the newly formed YB Care Staff Co., Ltd. (hereinafter “YB Care Staff”). This strategic move aims to leverage NPMI’s healthcare sector expertise with Your Bright’s extensive know-how to address the critical labor shortage issues faced by eldercare providers.
About Your Bright Co., Ltd.
Your Bright initiated its foreign eldercare staffing services in 2017. In 2019, it became a registered support organization for Specified Skilled Workers, producing Japan’s first successful candidate in the “Nursing Care” category under this system. The company recommends suitable candidates from its extensive database of over 150,000 profiles, matching them to eldercare providers’ needs and supporting the entire process from interviews to employment and onboarding. Post-employment, Your Bright provides ongoing support to both receiving companies and foreign staff.
Transaction Background and Objectives
Japan’s eldercare industry faces a severe labor shortage amidst a rapidly aging population and declining birthrates. This situation has heightened interest in foreign labor, with approximately 28,000 Specified Skilled Workers already contributing to the eldercare workforce. With the anticipated expansion of this system to include home-visit care services, demand for foreign workers is expected to surge further. The sustainable development of the eldercare sector now critically depends on the effective utilization of foreign human resources.
Since the inception of the Specified Skilled Worker system, Your Bright has been an industry pioneer, accumulating valuable expertise. YB Care Staff will leverage this knowledge alongside NPMI’s healthcare sector specialization to offer effective solutions to eldercare providers, addressing on-the-ground challenges in care facilities.
Comment from Satoshi Hamada, President and CEO of NPMI
“We are pleased to announce this joint venture agreement with Your Bright, a company with extensive experience in foreign eldercare staffing. Labor shortage remains one of the most pressing issues in the eldercare sector. Utilizing our team of experts versed in ‘Healthcare × PMI × DX’, we aim to support the growth of YB Care Staff and contribute to the sustainable development of the eldercare industry.”