FilingReader Intelligence

Chieru exits Edit with share transfer completion

July 4, 2025 at 12:03 PM UTCBy FilingReader AI

Chieru, a company focused on supporting education with ICT solutions, has completed the transfer of all shares in its equity method affiliate, Edit, effective today, July 4, 2025. This move removes Edit from Chieru's list of equity method affiliates. Edit, established in 1968, has been supporting financial institutions' marketing activities through publications such as "J-MONEY." The decision to sell the shares was driven by an offer from IID, who expressed interest in acquiring Edit. Chieru anticipates a minimal impact on its consolidated financial results for the fiscal year ending March 2026. The projected consolidated sales are JPY 10,000 million with an operating profit of JPY 750 million.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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