Ichishin Holdings Co.,Ltd. cancelled the acquisition of Path Travel Co., Ltd from Path Corporation.
March 16, 2019
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Ichishin Holdings Co.,Ltd. (JASDAQ:4645) agreed to acquire Path Travel Co., Ltd from Path Corporation (TSE:3840) for ¥60 million on March 16, 2018. Ichishin Holdings Co.,Ltd will conclude the share transfer contract on March 16, 2018. Under the terms, Ichishin Holdings Co.,Ltd will acquire 0.01 million shares. Post acquisition, Path Travel Co., Ltd will become a wholly owned subsidiary of Ichishin Holdings Co.,Ltd. Path Travel Co., Ltd reported net assets of ¥49.2 million, total assets of ¥69.91 million, sales of ¥310 million, operating loss of ¥5.6 million and net loss of ¥6.3 million for the year ended March 2017. The transaction is resolved by the Board of Directors of Ichishin Holdings Co., Ltd on March 16, 2018. The transaction is expected to close on March 29, 2018.
Ichishin Holdings Co.,Ltd. (JASDAQ:4645) cancelled the acquisition of Path Travel Co., Ltd from Path Corporation (TSE:3840) on March 16, 2019.
ICHISHIN HOLDINGS CO.,LTD. is a Japan-based company mainly engaged in the education-related business. The Company is engaged in the operation of cram schools in Tokyo, Chiba, and Kanagawa for infants, elementary and junior high school students, and senior high school students. It is also engaged in the video business for corporations and the production and sale of content in the education and medical markets. It also manages and operates early childhood education business, schoolchild childcare business and residential type elderly nursing homes. The main cram school brands are ICHISHIN Gakuin, ICHISHIN Yobiko, Taro Juku, Tokyo Gakuen, Edo Culture Center, Ando Juku, MANA. The schoolchild care brands are Nanakara and Miraie International School. The nursing care business brands are Yuyuvillage Hamura and Yuyuvillage Akishima.