Hulic Co., Ltd. acquired a 5% stake in Riso Kyoiku Co., Ltd. from Mitsugu Iwasa, Founder and Chairman of the Board of Riso Kyoiku for ¥2.4 billion.
September 28, 2020
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Hulic Co., Ltd. (TSE:3003) acquired a 5% stake in Riso Kyoiku Co., Ltd. (TSE:4714) from Mitsugu Iwasa, Founder and Chairman of the Board of Riso Kyoiku for ¥2.4 billion on September 29, 2020. Under the transaction, 7.82 million shares will be acquired. The Board of Directors of Hulic took a resolution on September 29, 2020 for the delivery date of the shares to be September 30, 2020. For the year ending February 29, 2020, Riso Kyoiku reported net assets worth ¥6,157 million, total assets worth ¥13,214 million, sales worth ¥26,705 million and a net income worth ¥1,954 million.
Hulic Co., Ltd. completed the acquisition of a 5% stake in Riso Kyoiku Co., Ltd. (TSE:4714) from Mitsugu Iwasa, Founder and Chairman of the Board on September 29, 2020.
RISO KYOIKU CO., LTD. is a Japan-based company mainly engaged in the provision of private education services. The Company has five business segments. The Cram Schools segment is engaged in the provision of educational and preparatory courses through individualized instructions to students in all grades. The Tutor Dispatched Education segment is engaged in the provision of educational and preparatory courses by sending home tutors to students in all grades. The Children Education segment is engaged in the provision of instructions for prestigious kindergartens and primary schools entrance examinations. The School Individual Instructions segment is engaged in the provision of educational and preparatory courses through individual guidance booths in schools. The Personality Camp Training Education segment is engaged in the provision of personality training instructions. The Company is also engaged in the English conversation school business and the student recruitment business.
RISO KYOIKU CO., LTD. 
