The company resolved to acquire all outstanding shares of Arknet Co., Ltd., an operator of 7 individual tutoring schools under the 'School IE' franchise in Tokyo, making it a wholly-owned subsidiary. This acquisition is part of the company's medium-term management plan 'Tsunageru 2027' to expand its education business segment and accelerate dominant market strategy in the Tokyo metropolitan area, which is identified as the most important domestic market for education services.
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Summary
The company resolved to acquire all outstanding shares of Arknet Co., Ltd., an operator of 7 individual tutoring schools under the 'School IE' franchise in Tokyo, making it a wholly-owned subsidiary. This acquisition is part of the company's medium-term management plan 'Tsunageru 2027' to expand its education business segment and accelerate dominant market strategy in the Tokyo metropolitan area, which is identified as the most important domestic market for education services.