Gakken Holdings shares continued to rise. Regarding reports on the 9th that a bidding process had begun for the sale of shares in Gakken Cocofan, the company commented that it had not made any announcement as of the present time.
On the 9th, it was reported that an English-language article for Mergermarket paid subscribers had said that a bidding process had begun for the sale of shares in Gakken Cocofan.
At 10:25 a.m. the same day, Gakken Holdings commented that the report was not an official announcement by the company.
The company explained that it is considering a restructuring of its business portfolio, as set out in its medium-term management plan, and continues to consider strategic options, including how to handle the bidding process, but that no decision had been made as of the present time. The company said it would promptly disclose any matters requiring disclosure in the future.