TOKYO, Apr 23 (Pulse News Wire) – Zenken Corporation (7371.T) announced today that its board of directors approved a business partnership agreement with Kiryu Bank aimed at enhancing service provision and sales activities to foster business growth and regional economic revitalization. The tie-up will leverage Zenken's expertise in recruiting overseas talent and Kiryu Bank’s extensive customer base in Kagoshima Prefecture.
Under the agreement, Kiryu Bank will identify local companies seeking foreign talent through its branch network and introduce them to Zenken. In turn, Zenken will offer recruitment support for overseas engineers, introduce skilled care workers from India and Indonesia, and provide Japanese language education programs to potential employees. Kiryu Bank, established in 1879 and headquartered in Kagoshima City, holds top shares in deposits and loans within Kagoshima Prefecture. Its latest capital amount stands at ¥18.13 billion. The bank focuses on regional revitalization strategies, addressing issues such as labor shortages due to population decline.
This collaboration marks a significant step towards solving labor shortages faced by local businesses and promoting sustainable economic development in the region. It aligns with Zenken's strategic goals outlined in its mid-term plan 'Road to 250,' which includes ambitious targets for revenue, operating profit, and market capitalization by fiscal 2030. Key dates for the partnership include the resolution by Zenken's board on April 23, 2026, contract signing on August 14, 2025, and planned commencement of operations on August 14, 2025. Further impacts on Zenken's performance for the fiscal year ending June 2026 are currently being assessed. Any material developments will be disclosed promptly.
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