Johnan Academic Preparatory Institute, Inc. acquired Fairy Co., Ltd. from Takatoshi Tamaigo.
September 24, 2018
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Johnan Academic Preparatory Institute, Inc. (JASDAQ:4720) acquired Fairy Co., Ltd. from Takatoshi Tamaigo on September 25, 2018. Under the terms of the transaction, Johnan Academic Preparatory Institute, Inc. acquired 100 shares of Fairy Co., Ltd. Upon completion, Fairy Co., Ltd. operates as subsidiary of Johnan Academic Preparatory Institute, Inc. For the year ended March 2018, Fairy Co., Ltd. reported total assets of ¥83 million, net assets of ¥52 million, operating profit of ¥27 million, and net profit of ¥27 million. The transaction was resolved by the Board of Johnan Academic Preparatory Institute, Inc. The transaction is expected to close on September 25, 2018.
Johnan Academic Preparatory Institute, Inc. (JASDAQ:4720) completed the acquisition of Fairy Co., Ltd. from Takatoshi Tamaigo on September 25, 2018.
JOHNAN ACADEMIC PREPARATORY INSTITUTE, INC. is a Japan-based company primarily involved in the educational business and sports business. The Company operates in two business segments. The Education segment is engaged in operation of private preparatory schools for the graduates and students of high schools, and individual education instruction classrooms, schoolhouses of image lessons, infant education classrooms, English classes for children, as well as Tokyo certified day care center. Through its subsidiaries, it also operates swimming clubs and sports gems.
JOHNAN ACADEMIC PREPARATORY INSTITUTE, INC. 
