CHIeru Co.,Ltd. cancelled the acquisition of 60.4% stake in SHOEI KOHO Co., Ltd and 100% stake in A&C Co.Ltd.
June 12, 2020
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CHIeru Co.,Ltd. (JASDAQ:3933) agreed to acquire 60.4% stake in SHOEI KOHO Co., Ltd and 100% stake in A&C Co.Ltd. for approximately ¥680 million on June 13, 2019. CHIeru Co.,Ltd will acquire 60.4% stake in SHOEI KOHO Co., Ltd for ¥453 million and will acquire 100% stake in A&C Co.Ltd for ¥230 million. Post completion, CHIeru Co.,Ltd will hold 100% stake in SHOEI KOHO Co., Ltd and A&C Co.Ltd of which 39.6% stake in SHOEI KOHO will be indirectly held. Post completion, SHOEI KOHO Co., Ltd and A&C Co.Ltd will become subsidiaries of CHIeru Co.,Ltd. SHOEI KOHO Co., Ltd reported total assets of ¥1.2 billion and net assets of ¥1.04 billion as of March 31, 2019 and revenues of ¥1.3 billion, operating profit of ¥1 million and net profit of ¥13 million for the year ended March 31, 2019. A&C Co.Ltd reported total assets of ¥118 million and net assets of ¥35 million as of March 31, 2019 and revenues of ¥42 million, operating profit of ¥5 million and net profit of ¥6 million for the year ended March 31, 2019 The transaction is resolved by the Board of CHIeru Co.,Ltd. The transaction is expected to complete on June 26, 2019.
CHIeru Co.,Ltd. (JASDAQ:3933) cancelled the acquisition of 60.4% stake in SHOEI KOHO Co., Ltd and 100% stake in A&C Co.Ltd. on June 13, 2020.
CHIeru Co.,Ltd. is a Japan-based company mainly engaged in school education ICT (information and communication technology ) business. The Company is engaged in planning, development, production and sale of systems and digital teaching materials for markets such as elementary schools, junior high schools, high schools, universities and professional schools. The products and services for the high school, university and vocational school markets are based on the lecture support field, teaching material cloud service field, and operation management system field. The products and services for the elementary and junior high school markets are mainly based on the areas of class support and teaching materials.
CHIERU CO.,LTD. 
