Ichishin Holdings Co.,Ltd. agreed to acquire Yui Co., Ltd. for approximately ¥650 million.
July 14, 2020
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Ichishin Holdings Co.,Ltd. (JASDAQ:4645) agreed to acquire Yui Co., Ltd. for approximately ¥650 million on July 15, 2020. The acquisition of the shares is planned to be funded by own funds and loans from financial institutions. Upon completion, Yui Co., Ltd. will become a wholly owned subsidiary of Ichishin Holdings Co.,Ltd. As of April 2020, Yui Co., Ltd. reported total assets of ¥589.8 million, total common equity of ¥462.4 million, total revenues of ¥965.9 million, operating income of ¥20.4 million and net income of ¥35.4 million. The transaction is resolved by the Board of Ichishin Holdings Co.,Ltd. The transaction is expected to close on July 16, 2020. Ichishin Holdings Co.,Ltd. is currently scrutinizing the impact of this acquisition of shares on the consolidated business results for the fiscal year ending February 2021.
ICHISHIN HOLDINGS CO.,LTD. is a Japan-based company mainly engaged in the education-related business. The Company is engaged in the operation of cram schools in Tokyo, Chiba, and Kanagawa for infants, elementary and junior high school students, and senior high school students. It is also engaged in the video business for corporations and the production and sale of content in the education and medical markets. It also manages and operates early childhood education business, schoolchild childcare business and residential type elderly nursing homes. The main cram school brands are ICHISHIN Gakuin, ICHISHIN Yobiko, Taro Juku, Tokyo Gakuen, Edo Culture Center, Ando Juku, MANA. The schoolchild care brands are Nanakara and Miraie International School. The nursing care business brands are Yuyuvillage Hamura and Yuyuvillage Akishima.
ICHISHIN HOLDINGS CO.,LTD. 
