Kyoshin Co., Ltd. cancelled the acquisition of Rich Co., Ltd.
April 03, 2020
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Kyoshin Co., Ltd. (TSE:4735) agreed to acquire Rich Co.,Ltd. on April 4, 2019. Post completion, Rich Co.,Ltd. will operate as a wholly owned subsidiary of Kyoshin Co., Ltd. The deal is resolved by the Board of Directors of Kyoshin Co., Ltd. on April 4, 2019.
Kyoshin Co., Ltd. (TSE:4735) cancelled the acquisition of Rich Co., Ltd. on April 4, 2020.
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.
KYOSHIN CO., LTD. 
