1. Capital collaboration of EduLab, Inc. with Obunsha Co., Ltd.
  1. Capital collaboration of EduLab, Inc. with Obunsha Co., Ltd.

Capital collaboration of EduLab, Inc. with Obunsha Co., Ltd.

Capital collaboration of EduLab, Inc. with Obunsha Co., Ltd.

October 27, 2017
EduLab, Inc.

Obunsha Co., Ltd. (Location: Shinjuku-ku, Tokyo; President: Daiichi Ikoma; hereinafter referred to as Obunsha) and EduLab, Inc. (Location: Minato-ku, Tokyo; President and CEO: Junichi Takamura; hereinafter referred to as EduLab) have reached an agreement on a capital collaboration. Based on this agreement, Obunsha has decided to accept an allocation of new stocks of EduLab as a third party.

Obunsha was founded in 1931 and is a pioneer in educational publishing. They have a book business including the series “Eitango Target”, the best-selling English vocabulary book for university entrance examination preparation, and “Keisetsu Jidai”, a periodical information magazine for university entrance examinations. They also operate an educational information business, whichincludes “Passnavi” a website to support preparation for university entrance examinations.

EduLab develops new businesses in the field of Edtech and makes investments to seed Edtech companies at home and abroad, which have led to supporting the next-generation of education including the development of high-quality letter recognition technology.

Obunsha and EduLab have already established a solid partnership so far, creating educational materials as a joint project. With this new investment, EduLab will strengthen the relationship with Obunsha even further and promote the development of educational technology business, taking future business collaboration into consideration.

Brief summary of the capital collaboration

Details: EduLab will allocate new stock to Obunsha as a third party.
The time of investment : October 19, 2017

Company Overview

Obunsha

Company Name
Obunsha Co., Ltd.
Representative
President: Daiichi Ikoma
Headquarter
55 Yokoteramachi, Shinjuku-ku, Tokyo
Capital
¥300,000,000
Established
October 1, 1931
Number of Employees
178 (as of January 1, 2017)
Main Business Activities
·General publication and business mainly related to education and information

EduLab

Company Name
EduLab, Inc.
Representative
President and CEO: Junichi Takamura
Headquarter
Nissin Aoyama Bldg. 5F, 3-2-4 Kita Aoyama, Minato-ku, Tokyo
Capital
¥386,000,000 (as of end of September, 2017)
Established
March 31, 2015
Number of Employees
141
Main Business Activities
·Building new businesses and investments in the field of EdTech
·Providing IT solutions and platforms for the education industry and supporting next generation education