Medley (4480) Acquisition presentation summary

Transaction overview

• Acquiring 100% of a newly established company inheriting all businesses of Recruit Medical Career Co., Ltd., with signing on March 27, 2026 and effective date August 3, 2026.

• Acquisition price is 1,000 million yen, funded by cash and deposits on hand.

• Impact on FY26 results already reflected in consolidated forecast.

Target business profile

• Provides recruitment support for physicians and pharmacists, with over 60,000 registered doctors and 70,000 pharmacists.

• Serves approximately 10,000 customer offices, mainly hospitals, with strong industry relationships built over 40 years.

• FY24 sales were 3,017 million yen and adjusted EBITDA was 398 million yen.

• High customer satisfaction comparable to major competitors.

Strategic rationale and integration

• Aims to expand market share in HR platform for physicians, pharmacists, and hospitals by leveraging combined strengths.

• Plans to develop BPO business using AI and digital transformation, starting with RPO services.

• Integration expected to create a virtuous cycle of increased professionals and customer offices.