G.Communication
{{Infobox company
| name = G.Communication |
| logo = 200px |
| type = Public|
| slogan = |
| foundation = Okazaki, Japan (1998) |
| industry = Language instruction |
| revenue =
| net_income = 2,786 million JPY
| key_people = {{nihongo|Masaki Inayoshi|稲吉 正樹|Inayoshi Masaki}} Founder{{Citation | last =Takahara | first =Kanako | title =G.communication announced as sponsor for Nova | newspaper =Japan Times | date =2007-11-08 | url = http://search.japantimes.co.jp/cgi-bin/nb20071108a2.html}} |
| homepage = [http://www.g-com.jp/ g-com.jp] |
}}
G.Communication, also abbreviated as G.com, is a Japanese kabushiki kaisha based in Nagoya, Japan. The company is an operator of restaurant chains, juku (cram schools), and eikaiwa (language schools).{{Citation | title =G.communication set to reopen Nova school in Nagoya | newspaper =Japan Times | date =2007-11-12 | url = http://search.japantimes.co.jp/cgi-bin/nn20071112a3.html}}
History
G.Communication Group was started in Aichi, Japan. Masaki Inayoshi first opened a private cram school in 1994 called "Ganbaru Gakuen". G.Communication grew rapidly due to aggressive mergers and acquisitions. Headed by Inayoshi, the firm expanded its business by purchasing shares of restaurant chains, including sushi chain Heiroku in July 2005 and Yakinikuya Sakai Co. in May 2007.{{Cite web|last=Takahara|first=Kanako|date=2007-11-08|title=G.communication has grown quickly on M&As|url=https://www.japantimes.co.jp/news/2007/11/08/business/g-communication-has-grown-quickly-on-mas/|access-date=2021-03-24|website=The Japan Times|language=en-US}}
The aggressive strategy has at times caught the attention of the government. In October 2006, the Financial Services Agency ordered G.Communication to pay a ¥390,000 fine for insider trading after purchasing shares of one of its subsidiaries that was planning a capital increase before the information became public. In 2006, it acquired all of the shares of an English-language school chain in Hokkaido with some 50 schools, merging it into G.Education, part of the group.
In November 2007, G.Communication took over Nova after it filed for bankruptcy in November 2007. Following the April 2010 bankruptcy of GEOS, G.Communication also took over 230 schools owned by the company.[http://www.asahi.com/national/update/0421/TKY201004210222.html 英会話学校のジオスが破産申請 負債75億円] Asahi Shimbun, April 21, 2010. Retrieved April 21, 2010.{{cite news|url=http://www.yomiuri.co.jp/dy/business/T100421005821.htm |title=Geos English school files for bankruptcy |date=2010-04-22 |publisher=Yomiuri |access-date=22 April 2010 |url-status=dead |archive-url=https://archive.today/20100426073909/http://www.yomiuri.co.jp/dy/business/T100421005821.htm |archive-date=April 26, 2010 }}
On 1 October 2010, Nova's 490 locations nationwide and GEOS's 167 were sold by G.Education to Inayoshi Capital, owned by G.Education founder Masaki Inayoshi.Geos, Nova English schools change ownership once again http://www.yomiuri.co.jp/dy/business/T101005004522.htm Retrieved 16 October 2010
As of February 1, 2012 Nova was sold to Jibun Mirai Associe Co Ltd.{{cite web|title=Jibun Mirai website|url=http://www.jibunmirai.co.jp/|access-date= 2012-06-06}} G.Communication still owns some GEOS operations outside Japan, located in Singapore, Hong Kong, Taipei, and Thailand.G Communication website [http://www.g-com.jp/en/guide/groupstructure.shtml Group structure] {{Webarchive|url=https://web.archive.org/web/20120623203336/http://www.g-com.jp/en/guide/groupstructure.shtml |date=2012-06-23 }} Retrieved on June 12, 2012
Criticisms
Criticism of the company has been made regarding: 'disorganization and putting profit before quality and teacher's rights'.[http://search.japantimes.co.jp/cgi-bin/fl20100504zg.html Eikaiwa on the ropes after fall of Geos] May 4, 2010 By RICHARD SMART The Japan Times
References
{{Reflist}}
External links
- {{official website|http://www.g-com.jp/}} {{in lang|ja}}
{{Eikaiwa}}
Category:English conversation schools in Japan
Category:Companies based in Nagoya
Category:Education companies established in 1998
Category:1998 establishments in Japan
Category:2005 mergers and acquisitions
Category:2007 mergers and acquisitions
Category:2010 mergers and acquisitions
Category:2012 mergers and acquisitions
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