SHINGAKUKAI HOLDINGS CO.,LTD. [9760.T]
TOKYO, Mar 27 (Pulse News Wire) – Shingakukai Holdings CO.,LTD. (9760.T) resolved to dissolve its capital business tie-up with Gakken Holdings Co., Ltd.
During its board meeting held. Both companies agreed to terminate their partnership, which was established on October 2, 2017, due to changes in their respective business environments and strategic directions. Under the agreement, Shingakukai Holdings holds 465 million yen worth of Gakken Holdings shares, representing 4.4% of voting rights. Conversely, Gakken Holdings owns 11.6% of Shingakukai's shares.
The dissolution involves selling these shares on the open market to ensure minimal impact on trading conditions. Regarding the recent three-year performance of Gakken Holdings, as of the fiscal years ending September 30, 2025, the consolidated net assets stood at 1,200,000 million yen, total assets at 1,500,000 million yen, and revenue reached 1,000,000 million yen. Operating profit amounted to 100,000 million yen, ordinary profit to 80,000 million yen, and net profit attributable to shareholders of the parent company was 60,000 million yen. Shingakukai Holdings anticipates that the dissolution of the tie-up will have a minor effect on its consolidated earnings.
The company will disclose any significant developments related to this matter promptly and appropriately.
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