AI News NQ Analysis

Acquisition of Shares by PROGRIT Inc.

NQ Score 92/100

AI Summary (NQ-processed)

PROGRIT Inc. announced the acquisition of all shares of Study Hacker Inc. from its current shareholder, Benesse Corporation. The share transfer is scheduled for April 28, 2026, making Study Hacker a subsidiary of PROGRIT. Concurrently, Study Hacker plans to change its trade name to English Company Inc., continuing its commitment to developing and providing services for English proficiency improvement.

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Frequently Asked Questions

Q: When is the share transfer from Benesse Corporation to PROGRIT Inc. scheduled to take place?
A: The share transfer is scheduled for April 28, 2026, as stipulated in the agreement.
Q: Which company will become the sole shareholder of Study Hacker Inc. after the upcoming share transfer?
A: PROGRIT Inc., headquartered in Minato-ku, Tokyo, and led by Representative Director and President Shogo Okada, will become the new sole shareholder.
Q: Who is the current shareholder of Study Hacker Inc. that is transferring its shares to PROGRIT Inc.?
A: Benesse Corporation, based in Okayama City, Okayama Prefecture, and represented by Director and President Daisuke Iwase, is the current shareholder transferring its shares.
Q: What new trade name will Study Hacker Inc. adopt after completing the share transfer to PROGRIT Inc.?
A: Following the share transfer, Study Hacker Inc. plans to change its trade name to English Company Inc.
Q: When was PROGRIT Inc. originally established and what is its official address in Tokyo?
A: PROGRIT Inc. was established on September 6, 2016, and its address is Hamamatsucho Square 11F, 1-30-5 Hamamatsucho, Minato-ku, Tokyo.