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November 19, 2010

Eikoh Inc buys Shane English School chain for $12 million

Shane-English-School Cram school operator Eikoh Inc. has acquired the Japanese operations of Shane English School from Saxoncourt for around1 billion yen ($12 million dollars), as part of an aggressive entry into the English language business. The move follows Eikoh's recent acquisition of Nellie's and Shane Language Services which were also owned by Saxoncourt. A reliable source believes that acquisition to have been for a similar amount.

The 200 Shane English Schools are located across Japan and Shane insiders have often stated that half of the students are children. A key reason behind the acquisition is believed to be the introduction of English into the elementary school system in April 2011.

Shane English Schools has around 20,000 students (down around 10,000 from its peak) and around 35 million dollars in sales.

Shane English Schools was set up by Shane Lipscombe from his kitchen in 1977. In total, it is believed that Eikoh has paid around $24 million dollars for all of Shane's Japan operations.

Saxoncourt continues to own English schools in Taiwan, China and the UK.

Reported by: Russell Willis

See also:
• ELTNEWS.com Interview with Shane Lipscombe from 2003
• Nellies, Shane Language Services, Saxoncourt Publishing bought by Eikoh
• Shane English Schools
• Eikoh

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