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Progrit Shares Extend Gains on Acquisition of Studyhacker
Progrit <9560> shares extended their rally on Wednesday. The company announced late Tuesday it will acquire Studyhacker from Benesse Corporation for \9 million. The deal, set to close on April 28, will make the operator of the "ENGLISH COMPANY" coaching service a wholly-owned subsidiary.
Through this acquisition, Progrit aims to build Japan’s largest network for professional English instruction. The company plans to leverage Studyhacker’s extensive learning data and integrated technology to evolve its platform. While the acquisition is expected to bolster Progrit’s market position, the specific impact on earnings for the fiscal year ending August 2026 is currently under review.
Source: MINKABU PRESS
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