Kyoshin Co., Ltd. cancelled the acquisition of Be Fair Co., Ltd. from Hideto Tabuchi.
August 08, 2015 at 12:00 am EDT
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Kyoshin Co., Ltd. (TSE:4735) entered into contract to acquire Be Fair Co., Ltd. from Hideto Tabuchi for ¥520 million in cash on August 8, 2014. Kyoshin Co., Ltd. will acquire 200 shares. Kyoshin Co., Ltd. will operate Be Fair Co., Ltd. as its wholly owned subsidiary. During the year ended March 2014, Be Fair Co., Ltd. had net assets of ¥34 million, total assets of ¥275 million, sales of ¥343 million, operating profit of ¥1 million, current profit of ¥7 million and net income of ¥6 million. The Board of Directors of Kyoshin Co., Ltd. made a resolution in favor of the transaction on August 8, 2014. The transaction is expected to close on August 18, 2014.
Kyoshin Co., Ltd. (TSE:4735) cancelled the acquisition of Be Fair Co., Ltd. from Hideto Tabuchi on August 8, 2015.
KYOSHIN CO., LTD. is engaged in providing educational guidance service. The Cram School segment operates private cram schools for elementary, junior high and senior high school students. This segment also operates specialty schools for Japanese students abroad, as well as provides consulting services for opening and operation of its franchise classroom. The Others segment consists of English conversation division, which provides English conversation instructions for children, students and adults; children education division, providing learning guidance and primary school entrance guidance and other courses; Japanese education business division, providing Japanese teaching services to foreign students; childcare business division, providing curriculum-based service for children under the age of five. This segment also provides human development programs.