Johnan Academic Preparatory Institute, Inc. acquired Trester Co., Ltd from Rumiko Kawamura.
May 16, 2020
Share
Johnan Academic Preparatory Institute, Inc. (JASDAQ:4720) signed a contract to acquire Trester Co., Ltd from Rumiko Kawamura on May 15, 2020. Under the terms, Johnan Academic Preparatory acquired 700 shares in Trester. Trester will become a wholly owned subsidiary post completion. As of December 2019, Trester had net worth of -¥7 million, total assets worth ¥73.7 million, revenues of ¥171.7 million, operating income of ¥14.6 million and net income of ¥15.1 million. The impact of the Share Acquisition on future business performance of Johnan Academic Preparatory is expected to be minor.
Johnan Academic Preparatory Institute, Inc. (JASDAQ:4720) completed the acquisition of Trester Co., Ltd from Rumiko Kawamura on May 15, 2020.
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. 
