Gakken Holdings Co., Ltd.
Notice Regarding the Termination of Capital and Business Alliance with Shingakukai Holdings Co., Ltd.
The Company holds 1,191,300 shares (5.95%, book value of 194 million yen) of Shingakukai Holdings' common stock. Both parties will sell their cross-held shares on the market and terminate the capital and business alliance as of March 27, 2026.
Key Figures
- Number of Shingakukai HD shares held by the Company: 1,191,300 shares (5.95%, book value of 194 million yen)
- Number of Company shares held by Shingakukai HD: 467,000 shares (1.05%)
- Resolution date for termination of capital and business alliance: 2026-03-27
AI要約
Overview of Termination of Capital and Business Alliance
Gakken Holdings Co., Ltd. has resolved at the Board of Directors meeting held on March 27, 2026, to terminate its capital and business alliance with Shingakukai Holdings Co., Ltd., which was concluded on October 2, 2017, considering changes in the business environment and management strategy direction of both companies. Upon termination, the Company will sell 1,191,300 shares (5.95%, book value of 194 million yen) of Shingakukai HD common stock held by the Company and Shingakukai HD will sell 467,000 shares (1.05%) of the Company's shares on the market to dissolve their cross-shareholding relationship.
Impact on Shareholders and Future Outlook
The impact of this termination of the capital and business alliance on the Company’s consolidated performance is expected to be minor, and until the sale is completed, the shares will be held for pure investment purposes. The Company will make timely and appropriate disclosures if any matters requiring disclosure arise. Over the past three years, Shingakukai HD’s financial performance has ranged from net sales of 6,665 million yen (March 2023 term) to 6,245 million yen (March 2025 term), with operating losses narrowing but remaining in the red.
