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Seigakusha to absorb wholly owned childcare unit, effective April 1, 2027

Fri, Oct 16, 2026 15:30 JST Seigakusha Co., Ltd. (2179.T) Education (cram schools) 中文

Seigakusha Co., Ltd. (2179) said its board on Oct. 16, 2026 approved the absorption of Kaisei Child Care Co., Ltd., a wholly owned consolidated subsidiary, with the merger scheduled to take effect on April 1, 2027.

Effective dateApril 1, 2027 (scheduled)
Stake in absorbed unit100%
Unit net sales (FY to March 2026)¥139.2 million
Unit operating loss (FY to March 2026)¥11.2 million

Seigakusha will be the surviving company and Kaisei Child Care will be dissolved. Seigakusha acquired the unit, then named global bridge Osaka Co., Ltd. and operator of the "Aiterasu Hoikuen" nursery, as a consolidated subsidiary in 2015. The company said the merger aims to optimize the group's management structure, improve operational efficiency and speed up decision-making.

Because Kaisei Child Care is wholly owned, no shares, cash or other consideration will be allotted. The deal is a simplified merger for Seigakusha under Article 796, Paragraph 2 of the Companies Act and a short-form merger for Kaisei Child Care under Article 784, Paragraph 1, so neither company will hold a shareholders' meeting to approve it. The merger agreement was signed on Oct. 16, 2026.

Seigakusha, listed on the Tokyo Stock Exchange Standard Market, runs cram schools, while Kaisei Child Care operates daycare and nursery facilities. Both are headed by President Hiroshi Nagai.

FY ended March 2026Seigakusha (consolidated)Kaisei Child Care (non-consolidated)
Net sales¥15.16 billion¥139.2 million
Operating profit (loss)¥978.9 million(¥11.2 million)
Net profit (loss)¥583.8 million(¥12.3 million)
Net assets¥4.33 billion¥61.8 million

Seigakusha's name, address, representative, business, capital and fiscal year-end will not change as a result of the merger. The company said the impact on consolidated results will be minor.

Next steps: The merger is scheduled to take effect on April 1, 2027.


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