Kyoshin Co., Ltd. agreed to acquire Sincerity Group from Seiji Nishiura for approximately ¥640 million.
May 11, 2017
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Kyoshin Co., Ltd. (TSE:4735) agreed to acquire Sincerity Group from Seiji Nishiura for approximately ¥640 million on May 12, 2017. Under the terms of the transaction, Kyoshin Co., Ltd. will acquire 200 shares representing 100% stake in Sincerity Group. In a related transaction, Sincerity Group agreed to acquire NextLife Ltd., Mogumogu Corp., Your Smile Co., Ltd. and Yuusora Co., Ltd from Seiji Nishiura. During the financial year ended December 31, 2016, net assets of ¥425 million, total assets of ¥1.6 billion, revenues of ¥2.5 billion and net loss of ¥6 million. The transaction is expected to close on June 1, 2017. The transaction involves Advisory costs of ¥88 million.
KYOSHIN CO., LTD. is engaged in providing educational guidance service. The Cram School segment operates private cram schools for elementary, junior high and senior high school students. This segment also operates specialty schools for Japanese students abroad, as well as provides consulting services for opening and operation of its franchise classroom. The Others segment consists of English conversation division, which provides English conversation instructions for children, students and adults; children education division, providing learning guidance and primary school entrance guidance and other courses; Japanese education business division, providing Japanese teaching services to foreign students; childcare business division, providing curriculum-based service for children under the age of five. This segment also provides human development programs.
KYOSHIN CO., LTD. 
