IStudy Co., Ltd. signed an agreement to acquire Aim Soft Co., Ltd. from Minoru Mizoguchi for approximately ¥330 million.
September 09, 2019
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iStudy Co., Ltd. (TSE:2345) signed an agreement to acquire aim-soft, Inc. from Minoru Mizoguchi for approximately ¥330 million on September 9, 2019. Under the terms of the agreement, iStudy will acquire 400 shares in Aim Soft. On completion, aim-soft, Inc. will become a wholly owned subsidiary of iStudy. Aim Soft Co., Ltd. had sales of ¥800 million, total assets of ¥293 million, net assets of ¥119 million, operating income of ¥44 million and net income of ¥30 million for the year ended March 31, 2019. Transaction was resolved by the Board of iStudy on September 9, 2019. Transaction is expected to close on October 1, 2019.
Kushim Inc, formerly iStudy Co Ltd, is a Japan-based company mainly engaged in software business, training service business and system engineering business. The Company operates in three business segments. The Software segment provides corporate management service called iStudy LMS, a learning management system that comprehensively supports human resource development, and video distribution service. The Training Service segment provides various training courses and services, training and e-learning contents, video recording and video distribution, and paid employment placement service iStudy ACADEMY. The System Engineering segment provides training for advanced information technology (IT) engineers, introduction and dispatching business, and freelance matching business.
KUSHIM, INC. 
