Johnan Academic Preparatory Institute, Inc. agreed to acquire JBS Nursery Corporation for ¥150 million.
March 26, 2017
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Johnan Academic Preparatory Institute, Inc. (JASDAQ:4720) agreed to acquire JBS Nursery Corporation for ¥150 million on March 27, 2017. Johnan Academic Preparatory Institute, Inc. will acquire 1000 shares of JBS Nursery Corporation as part of the transaction. JBS Nursery Corporation had total assets of ¥81 million, net liabilities of ¥21 million, revenue of ¥249 million, operation profit of ¥22 million and net profit of ¥13 million as on March 31, 2016. The transaction has been resolved by the Board of Directors of Johnan Academic Preparatory Institute, Inc. on March 27, 2017. The share transfer contract is expected to be concluded on April 5, 2017. The transaction is expected to complete on May 1, 2017.
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.