Johnan Academic Preparatory Institute, Inc. cancelled acquisition of remaining 25% stake in GEN Co., Ltd. from Ikuko Nakamura.
July 15, 2020
Share
Johnan Academic Preparatory Institute, Inc. (JASDAQ:4720) agreed to acquire remaining 25% stake in GEN Co., Ltd. from Ikuko Nakamura on July 16, 2019. Upon completion, GEN Co., Ltd. will become wholly owned subsidiary of Johnan Academic Preparatory Institute, Inc. For the year ended March 31, 2019, GEN Co., Ltd. reported total common equity of ¥91.8 million, total assets of ¥154.45 million, total revenue of ¥292.8 million, EBIT of ¥4.68 million and net income of ¥2.94 million. The transaction is expected to be completed on August 29, 2019.
Johnan Academic Preparatory Institute, Inc. (JASDAQ:4720) cancelled acquisition of remaining 25% stake in GEN Co., Ltd. from Ikuko Nakamura on July 16, 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.