Nichii Gakkan Company announced that it has decided to launch a takeover bid for shares of Gaba Corporation.
Nichii Gakkan Co. said Friday it will begin a tender offer to purchase shares of Gaba Corp., an operator of English-language conversation classes, in a move to bolster its education business. Nichii plans to spend up to 10 billion yen to make Gaba a wholly owned subsidiary.
On July 15, the Supreme Court of Japan ruled that it is legal for property owners to demand supplemental fees when tenants renew their rental agreements. The ruling was made in conjunction with three lawsuits that tenants had brought against their landlords claiming that koshinryō should be considered invalid in accordance with the Consumer Contracts Law.