An undisclosed buyer agreed to acquire Proceed Toritsudaigaku and Proceed Kinshicho from Starts Proceed Investment Corporation (TSE:8979) for ¥3.3 billion on March 27, 2024. The transfer price of Proceed Toritsudaigaku is ¥915 million and the transfer price of Proceed Kinshicho is ¥2.4 billion. The transfer of Proceed Toritsudaigaku is expected to complete on April 26, 2024 and the transfer of Proceed Kinshicho is expected to complete on May 14, 2024.

As per the transaction, the proceeds are planned to be used for early repayment of the borrowed money. As on April 26, 2024, the sale of Proceed Toritsudaigaku was completed.