Hulic to Acquire Tetsuryokukai, a Cram School Specializing in University of Tokyo Entrance Exam Prep, from Benesse and Make It a Wholly Owned Subsidiary

M&A · Partnership
โดย Reuters·Read original
Summary · why it matters

Hulic announced on the 7th that it will acquire all shares of Tokyo Kyoikuken, which operates the University of Tokyo entrance exam prep cram school Tetsuryokukai, from Benesse Corporation, making it a wholly owned subsidiary. The acquisition price is undisclosed, and the planned acquisition date is the 31st. Hulic entered the children's education business in 2020 and has been promoting the consolidation of Risoh Education Group as a subsidiary and partnerships with Konami Sports. Under its medium-term management plan, it advocates becoming a real estate trading company and is accelerating M&A. Tetsuryokukai was founded in 1983 and has campuses in Tokyo, Osaka, Kyoto, and Hyogo. Hulic will leverage its real estate development and operation expertise to support the expansion of existing areas and new store openings.

Impact on stocks 3

Aging Population · 1 stocks
Hulic Co., Ltd.
3003
▲ PositiveCapitalrelevance

Hulic is acquiring Tetsuryokukai, expanding its education business via M&A, which aligns with its medium-term plan.

Consumer Discretionary · 1 stocks
Cloud & Digital Infrastructure · 1 stocks

Off-coverage companies 2

Tokyo Kyoiku KenPrivate▲ Positive
Capitalrelevance

Tokyo Kyoiku Ken is being acquired by Hulic, becoming a wholly owned subsidiary.

Benesse Holdings, Inc.Private▼ Negative
Capitalrelevance

Benesse is selling its shares of Tokyo Kyoikuken, divesting an asset.