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Fullcast sells software subsidiary

October 15 2008

Tokyo-based Fullcast Holdings Co. Ltd. said Tuesday it's selling its 61% stake in its Asia Pacific System Research Co. Ltd. subsidiary, which provides software services, to Canon Electronics Inc.

Fullcast said the move comes as it focuses on its staffing business and shifts to a longer-term worker staffing. The company said short-term staffing had been one of its mainstays, but proposed legislation in Japan would prohibit dispatch of workers on a daily basis. The company plans to end its business of supplying day workers by Sept. 30, 2009.

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