TANABE CONSULTING GROUP ACQUIRES MAJORITY SHARES IN PEACEMIND INC., FORMING SUBSIDIARY AND CAPITAL ALLIANCE

TANABE CONSULTING GROUP CO.,LTD. has acquired a majority stake in PEACEMIND Inc. to make it a subsidiary and enter into a capital and business alliance. PEACEMIND is a pioneer in Employee Assistance Program (EAP) services in Japan, providing consulting services to approximately 1,400 companies. The company employs 100 professionals, including clinical psychologists and bilingual counselors, and has a global reach spanning 14 countries and over 200 countries and regions. PEACEMIND's services include EAP, Stress Check-up Service, training, and wellness programs, all aimed at creating a "Hataraku wo Yoku Suru ecosystem".

TANABE CONSULTING GROUP CO.,LTD. (TCG), a leading management consulting firm in Japan, has announced its acquisition of a majority stake in PEACEMIND Inc. to make it a subsidiary and enter into a capital and business alliance. This strategic move aims to expand TCG's offerings into the corporate well-being market, leveraging PEACEMIND's expertise in Employee Assistance Program (EAP) services.

PEACEMIND Inc., established in 1998, is a pioneer in EAP services in Japan, providing consulting services to approximately 1,400 companies. The company employs around 100 professionals, including clinical psychologists, psychiatric social workers, public health nurses, industrial counselors, and bilingual counselors. PEACEMIND's services extend beyond Japan, with partnerships in 14 countries and global coverage in over 200 countries and regions.

The acquisition will enable TCG to provide comprehensive support from management strategy formulation to implementation through professional DX services, focusing on large enterprises to small and medium-sized companies. PEACEMIND's 'Hataraku wo Yoku Suru' platform, 'Working Better Cloud (WBC)', will be integrated into TCG's offerings, allowing for one-stop counseling services and Stress Check-up Service.

TCG's Representative Director, President, and CEO Takahiko Wakamatsu stated, "This alliance brings us closer to our vision of becoming the one and only management consulting group in the world. By entering the corporate well-being market, we will provide HR and organizational consulting that enhances people and organizational well-being."

PEACEMIND's Representative Director and CEO Hideto Ogiwara expressed, "Collaborating with TCG will create powerful synergies with top management approach consulting, enabling us to strengthen and accelerate support for companies and working people."

The acquisition will also strengthen TCG's 'HR Consulting' capabilities and provide new 'Professional DX Services', creating strong synergies with other group companies like Surpass, which focuses on DE&I organizational development.

The market size for corporate well-being in Japan is expected to reach approximately 117 billion yen by 2033 [1]. This acquisition positions TCG to capitalize on the growing demand for corporate well-being initiatives.

References:
[1] https://finance.yahoo.com/news/acquisition-majority-shares-peacemind-inc-101200613.html