TOKYO, Apr 07 (Pulse News Wire) – PROGRIT Inc. (9560.T) signed an agreement to acquire 100% shares of Study Hacker Co., Ltd., effective April 28, 2026.
The acquisition includes Study Hacker’s English coaching service ‘ENGLISH COMPANY’ and its media and educational app development businesses. Study Hacker has served over 30,000 customers and achieved cumulative revenue of ¥1.512 billion and operating profit of ¥44 million. Following the acquisition, PROGRIT plans to integrate Study Hacker's operations into its consolidated financial statements starting from the third quarter of fiscal year 2026.
Financial impact analysis suggests limited effects on overall profitability due to positive goodwill arising from the transaction. The deal also involves transferring Study Hacker’s media business to another entity prior to the share purchase. Upon completion, Study Hacker will undergo a name change to ENGLISH COMPANY.
Financial support from banks will facilitate the transaction, although the precise impact on earnings remains under review.
🔴 Confidence: Review recommended AI-translated content.