SPRIX, Ltd. completed the acquisition of Shonan Seminar Co., Ltd. from Yukon No. 1 Fund L.P. managed by Yukon Capital Partners, Shonan Seminar Employee Stock Ownership Association, Kenichi Fukumura,Ayumu Nakajima and Tatsunori Masuei.
December 24, 2020
Share
SPRIX, Ltd. (TSE:7030) agreed to acquire Shonan Seminar Co., Ltd. from Yukon No. 1 Fund L.P. managed by Yukon Capital Partners, Shonan Seminar Employee Stock Ownership Association, Kenichi Fukumura,Ayumu Nakajima and Tatsunori Masuei for ¥4.5 billion on November 13, 2020. As per terms, Yukon No. 1 Investment Limited Partnership, Shonan Seminar Employee Stock Ownership Association, Kenichi Fukumura,Ayumu Nakajima and Tatsunori Masuei will sell 90.7%, 4.6%, 2.7%, 1.1% and 0.9% stake respectively. As a result of the acquisition of shares, Shonan Seminar Co., Ltd. will become a consolidated subsidiary of SPRIX, Ltd. For the year ended May 31, 2020, Shonan Seminar Co., Ltd. reported total assets of ¥8.46 billion, net assets of ¥1.54 billion, total sales of ¥14.34 billion, operating income of ¥70.98 million, net loss of ¥181.09 million and EBITDA of ¥805.03 million. The transaction is expected to close on December 25, 2020.
SPRIX, Ltd. (TSE:7030) completed the acquisition of Shonan Seminar Co., Ltd. from Yukon No. 1 Fund L.P. managed by Yukon Capital Partners, Shonan Seminar Employee Stock Ownership Association, Kenichi Fukumura,Ayumu Nakajima and Tatsunori Masuei on December 25, 2020. The impact of business results on the current fiscal year has not changed.
SPRIX, Ltd. is a Japan-based company mainly engaged in educational services business. The Company provides cram school services including management and franchise development of Mori Juku and Jiritsugakushu RED. Mori Juku is the core business. It is a tutoring school for elementary and junior high school student. Jiritsugakushu RED is a tutoring school for elementary and middle school students, utilizing educational information technology (IT) to provide a learning program tailored. The education related services engages in development and sales of teaching materials Foresta, operation of Tokyo Dance Village and a fee-based job offer site Jukukoshi JAPAN. It also engages in operation of reading education program Cram School, sales of books and applications related to Chinese test HSK.
SPRIX, Ltd. completed the acquisition of Shonan Seminar Co., Ltd. from Yukon No. 1 Fund L.P. managed by Yukon Capital Partners, Shonan Seminar Employee Stock Ownership Association, Kenichi Fukumura,Ayumu Nakajima and Tatsunori Masuei.
SPRIX INC. 
