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

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