TOKYO, Apr 07 (Pulse News Wire) – PROGRIT Inc. (9560.T) announced today that based on its board resolution dated April 07, 2026, it has acquired shares of Study Hacker Co., Ltd., making it a subsidiary.
The acquisition aims to enhance service offerings and strengthen the group's operational capabilities through the integration of scientific approaches and extensive learning data. Under this deal, PROGRIT will combine its coaching expertise with Study Hacker’s training methods, creating a domestic leader in English education services with approximately 260 professionals. Additionally, the combined dataset of over 30,000 users from 'ENGLISH COMPANY' and 26,000 users from 'PROGRIT' will enable advancements in learning methodologies and product development. Key financial details include acquiring 4,200,000 shares of Study Hacker Co., Ltd. for a total estimated amount of ¥9 million. Following the transaction, PROGRIT will hold 4,200,000 shares, representing a significant increase in its stake.
The acquisition is scheduled to be finalized on February 24, 2010. Study Hacker was established on February 24, 2010, and operates primarily in English education, media, and educational app development. Its recent financial performance shows net assets of --¥805.2 million, --¥702.9 million, and --¥597.3 million for fiscal years ending February 2023, March 2024, and March 2025 respectively. Revenue figures stand at ¥1.433 billion, ¥1.513 billion, and ¥1.569 billion for the same periods. This strategic move aligns with PROGRIT’s mission to empower individuals globally through enhanced language skills and is expected to positively impact the company’s revenue and profitability. The transition to consolidated financial statements will commence from August 2026, with preliminary estimates indicating an addition of approximately 5 to ¥600 million to sales figures.
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