RISO Kyoiku Group's Parent Firm Huurik Becomes Controlling Shareholder Post-Takeover Bid

TOKYO, May 26 (Pulse News Wire) – Riso Kyoiku Group Corporation (4714.T) disclosed that its parent firm, Huurik Co., Ltd., now holds a controlling stake of 51.08% through direct ownership and related agreements. This development follows Huurik’s successful tender offer and third-party allotment capital increase, which was announced on May 28, 2024.

As a result, Huurik became the primary shareholder of Riso Kyoku Group, strengthening their relationship beyond previous capital and business tie-ups initiated in September 2020. The companies aim to collaborate on new educational ventures, utilize Huurik’s real estate assets for Riso Kyoku Group’s expansion, and support strategic property initiatives. Additionally, they plan to leverage mutual expertise and networks to enhance operations.

Despite these collaborations, Riso Kyoku Group maintains independent decision-making authority and responsibility for its business activities and management judgments. In further detail, Riso Kyoku Group noted that there are no significant transactions requiring disclosure between the two firms. To protect minority shareholders during potential conflicts of interest, a special committee reviews and advises the board on such matters.