J. Front Retailing (TYO:3086) will transfer the business of its subsidiary, JFR Kodomo Mirai, which operates unlicensed nursery schools, to Yaruki Switch, according to a Wednesday filing on the Tokyo Stock Exchange.
The transfer, set for April 1, follows a decision to allow Yaruki Switch Group to manage the operations directly.
The move aims to improve the management and quality of education at the KDI Aobadai facility. Following the transfer, JFR Kodomo Mirai is expected to be liquidated.
Price (JPY): $1987.00, Change: $-37, Percent Change: -1.80%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.