JOHNAN ACADEMIC PREPARATORY INSTITUTE,INC. [4720.T]
TOKYO, May 20 (Pulse News Wire) – Johnan Academic Preparatory Institute,inc. (4720.T) announced today that its board of directors has approved the acquisition of Kinshoku Co., Ltd., acquiring all outstanding shares to make it a subsidiary.
Kinshoku operates four small-scale daycare centers in Saitama and Tokyo, located near train stations with high living convenience and stable demand. Kinshoku's capital is ¥3 million. It was established on May 23, 2000, and its major shareholder, Teishu Goto, holds 100% of the shares. In recent years, Kinshoku reported revenues of ¥143.6 million in fiscal 2023, ¥193.0 million in fiscal 2024, and ¥238.2 million in fiscal 2025. Operating profit stood at ¥13.4 million, ¥14.3 million, and ¥23.4 million respectively during those periods.
The acquisition agreement was signed on May 23, 2000 and the share transfer will take place on May 26, 2026. Prior to the acquisition, Johnan Academic Preparatory Institute did not own any shares of Kinshoku; post-acquisition, it will hold 60 shares representing 60 voting rights. The transaction price, determined based on a third-party valuation, will not be disclosed due to confidentiality agreements with the seller. Johnan Academic Preparatory Institute views this move as part of its strategy to expand its childcare services alongside its existing educational offerings through mergers and acquisitions. The company expects the impact on future performance to be minor.
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