Japanese technical staffing firm BeNext-Yumeshin announced that it acquired 100% of the shares of Nihon Axis Co., Ltd. and completed the payment for the purchase on 1 April 2022.

Financial details were not disclosed.

Nihon, based in Japan and founded in 1992, is involved in the dispatch of engineers and outsourcing of operations for research facilities. It is also involved with machinery and equipment installation work and maintenance.

Nihon has provided support services including the dispatch of engineers to the National Research and Development Agency as its major customers for many years. In recent years, Nihon has also entered into joint research agreements with Osaka University's Faculty of Engineering.

BeNext-Yumeshin said, “Our key issue is to grow the engineer staffing business, which is highly profitable and has continuous growth potential.”

“Demand for temporary staffing and contracting services for public institutions conducting frontier research is expected to remain high in the medium to long term,” the company added. “With this, we expect that this acquisition will lead to the expansion of new business domains for engineer staffing.”

The company said the impact of the transaction on its performance is immaterial.

On January 2021, Benext announced it is merging with Yumeshin Holdings. The absorption-type merger created BeNext-Yumeshin.

The company reported revenue of JPY 82.51 billion (USD 712.7 million) for the first six months ended 31 December 2021, an increase of 119.7% compared with the previous year.