Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
5
Up to ¥600 million (expected addition to net sales)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Acquisition of shares (conversion into a consolidated subsidiary)CounterpartyBenesse Corporation
Disclosing companyPROGRIT Inc.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
English education, media, and education-related application development businesses
Location Chiyoda-ku, TokyoShare capital ¥21 millionDate of incorporation 24 February 2010
Net Sales¥1,569.014 million (fiscal year ended March 2025)
Operating profit¥84.183 million (fiscal year ended March 2025)
Net income for the current fiscal year¥105.577 million (fiscal year ended March 2025)
Net assets-¥597.338 million (fiscal year ended March 2025)
Consideration and expenses
Acquisition priceCommon shares of 株式会社スタディーハッカー: ¥0 million
Expenses other than the acquisition priceAdvisory fees and other expenses (estimated): ¥9 million
Type of ConsiderationCash (consideration for common shares: ¥0 million)
Goodwill amountPositive goodwill of approximately ¥300–400 million (amortization period: Not disclosed)
Goodwill is the amount paid in excess of the acquired company's net assets.Impact on Business Performance
The impact on results for the fiscal year ending August 2026 is currently under review. Net sales are expected to increase by approximately ¥500–600 million, while the impact on operating profit is expected to be minor.
Procedures and assumptions
Management structure after acquisitionA new group management structure will be established. Information regarding the trade name, representative, and treatment of employees is Not disclosed
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares (conversion into a consolidated subsidiary) |
| Counterparty name | Benesse Corporation |
| Name of the Subject Company | 株式会社スタディーハッカー |
| Business Description of the Subject Company | English education, media, and education-related application development businesses |
| Location of the Subject Company | Chiyoda-ku, Tokyo |
| Capital Stock of the Subject Company | ¥21 million |
| Date of Establishment of the Subject Company | 24 February 2010 |
| Net Sales of the Subject Company | ¥1,569.014 million (fiscal year ended March 2025) |
| Operating Profit of the Subject Company | ¥84.183 million (fiscal year ended March 2025) |
| Net Income of the Subject Company | ¥105.577 million (fiscal year ended March 2025) |
| Net Assets of the Subject Company | -¥597.338 million (fiscal year ended March 2025) |
| Acquisition price | Common shares of 株式会社スタディーハッカー: ¥0 million |
| Expenses other than the acquisition price | Advisory fees and other expenses (estimated): ¥9 million |
| Type of Consideration | Cash (consideration for common shares: ¥0 million) |
| Number of shares acquired | 4,200,000 shares (number of voting rights: 4,200,000) |
| Voting rights ownership percentage | Before 0.0% → after 100.0% |
| Goodwill amount | Positive goodwill of approximately ¥300–400 million (amortization period: Not disclosed) |
| Impact on Business Performance | The impact on results for the fiscal year ending August 2026 is currently under review. Net sales are expected to increase by approximately ¥500–600 million, while the impact on operating profit is expected to be minor. |
| Date of board resolution | 7 April 2026 |
| Contract Date | 7 April 2026 |
| Execution Date / Effective Date | 28 April 2026 |
| Management structure after acquisition | A new group management structure will be established. Information regarding the trade name, representative, and treatment of employees is Not disclosed |
Items this document does not state (10)
Merger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The companies aim to improve service quality and accelerate business growth by combining their expertise in English education, know-how in coaching and school operations, product development and marketing capabilities, and learning data. They also state that they will enhance 株式会社スタディーハッカー’s earnings capacity and promptly eliminate its negative net worth.
How to read this page
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