Acquisition of a North American Language Education Company
First written in FY2017. 2 of 5 entries say "Softened", first in FY2022. Latest entry: FY2023-Q3.
No other company in this theme has enough history to compare yet.
- FY2023-Q3SoftenedAnnual report
「NET-PACIFIC COORDINATIONS,INC., INTERNATIONAL HOUSE VANCOUVER MODERN LANGUAGES INC., and IH CAREER COLLEGE INC., which had been consolidated subsidiaries, were excluded from the scope of consolidation from the first quarter of the consolidated fiscal year because all their shares were sold. Human International Investments Canada Co., Ltd., which had also been a consolidated subsidiary, was excluded from the scope of consolidation from the third quarter of the current consolidated fiscal year because its liquidation was completed.」
Regarding the North American language education-related companies, following the sale of all shares in 3 companies, Human International Investments Canada was also removed from the scope of consolidation upon completion of its liquidation, further reducing the company’s operating footprint. - FY2023-Q2RestatedAnnual report
「NET-PACIFIC COORDINATIONS,INC., INTERNATIONAL HOUSE VANCOUVER MODERN LANGUAGES INC., and IH CAREER COLLEGE INC., formerly consolidated subsidiaries, were removed from the scope of consolidation from the first quarter of the consolidated fiscal year because all of their shares were sold.」
It reconfirms that the 3 North American language education-related companies were removed from the scope of consolidation from the first quarter of the consolidated fiscal year following the sale of all their shares. - FY2022SoftenedAnnual report
「On 18 February 2022, Human International Investments Canada Co., Ltd. transferred all shares of IH CAREER COLLEGE INC. and NET-PACIFIC COORDINATIONS, INC., and the 2 companies ceased to be subsidiaries of the company. As a result of the share transfer of NET-PACIFIC COORDINATIONS, INC., INTERNATIONAL HOUSE VANCOUVER MODERN LANGUAGES INC., formerly its subsidiary, also ceased to be a subsidiary of the company.」
With respect to the scope of consolidation following the acquisition of North American language education-related companies, IH CAREER COLLEGE, NET-PACIFIC and its subsidiary were excluded through share transfers, reducing the company’s operating footprint. - FY2021AdvancedAnnual report
「Human International Investments Canada Co., Ltd., NET-PACIFIC COORDINATIONS,INC., INTERNATIONAL HOUSE VANCOUVER MODERN LANGUAGES INC., and IH CAREER COLLEGE INC. have been included in the scope of consolidation because their materiality has increased.」
The North American language education-related companies have progressed from the acquisition and business combination stage to the inclusion of 4 Canadian companies in the scope of consolidation due to increased materiality. - FY2017First statedAnnual report
「At a meeting of the Board of Directors held on 10 March 2017, Human Academy Co., Ltd., a consolidated subsidiary of the company, resolved to acquire equity interests in 2 Canadian companies (JRCP HOLDINGS INC. and IH CAREER COLLEGE INC.) and 1 U.S. company (NET PACIFIC GROUP) and make them subsidiaries (and second-tier subsidiaries of the company). Voting rights to be acquired: 90% for all companies. Business combination dates: 20 June 2017 (JRCP and IHCC); July 2017 (planned) (NPG).」
The company resolved to acquire 90% of the voting rights in 3 Canadian and U.S. companies to expand language-related services, with 2 acquisitions completed on 20 June and 1 planned for July.