Country for PR: Japan
Contributor: Kyodo News JBN
Monday, May 20 2019 - 15:00
AsiaNet
Human Holdings and Human Academy Sign Joint Venture with Leading Philippine Human Resources Group
TOKYO, May 20, 2019 /Kyodo JBN-AsiaNet/ --

Human Holdings Co., Ltd. and Human Academy Co., Ltd., based in Shinjuku, Tokyo, 
and Magsaysay People Resources Corporation of Manila recently agreed to set up 
a joint venture, Magsaysay Human Language Institute Co., Ltd., in the 
Philippines. The new company will expand its business in the Japanese-language 
education field and engage in foreign-language education centered on English. 
Human Holdings Co., Ltd. president and representative director Tomonari Sato 
and Magsaysay People Resources Corporation representative director Marlon R. 
Rono signed the deal on March 7. 

(Photo: 
https://kyodonewsprwire.jp/prwfile/release/M105275/201905096174/_prw_PI1lg_cG2o9588.png)


Background and Purpose of Joint Venture
In November 2016, Magsaysay People Resources Corporation and Human Academy Co., 
Ltd., a Human Holdings Co., Ltd. subsidiary, entered into a partnership in the 
Philippines to deliver high-level Japanese education to Filipinos planning to 
work in Japan. The establishment of the new company will pave the way for 
further future business growth.

Besides expanding Japanese-language education in the Philippines, the new 
company will work to implement custom programs for Japanese-language training, 
focusing on specific industries. As a result, students at the Magsaysay Human 
Language Institute will acquire necessary communication skills for each 
relevant industry in Japan.

As the Japanese population further decreases, this enterprise will be well 
positioned to contribute to solving this serious issue. As such, the Human 
Group plans to expand this business while also developing other language 
education businesses in the Philippines, such as English.

Profile of New Company
-Name: Magsaysay Human Language Institute Co., Ltd.
-Location: Manila, Republic of the Philippines
-Expected start: May 2019
-Capitalization: 100,000 USD (Equity stakes: MPR 60%, HA 30%, HH 10%)
-Business description: Practical Japanese and other foreign-language education
 in the Philippines. 

Future Development
By 2021, the Magsaysay Human Language Institute aims at introducing 
Japanese-language education into 10 Philippine colleges and universities as 
well as achieving the enrollment of 1,500 students at the institute.

Human Group Ventures Overseas
The Tokyo-based Human Group operates seven overseas subsidiaries. Each location 
works to grow businesses related to recruiting, nursing care, childcare, and IT 
while developing talents through the education division. The business model the 
group has built encompasses the full cycle from education to employment.


Source: Human Holdings Co., Ltd.
        Human Academy Co., Ltd.