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July 04, 2013

Pearson, Kirihara go their separate ways

pearson-kiriharaChange continues apace within Pearson. In a press release this week the company announced a management buyout of its Kirihara publishing business in Japan. Pearson took an 85% stake in Kirihara, one of Japan's leading educational publishers, in 2001.

Pearson announced today that it will transfer ownership and control of the Kirihara schools publishing business to a team of senior managers through an MBO. This new business will be called Kirihara Shoten K.K., already a well-established and respected education brand in Japan.

As Pearson pursues a global approach to the education business, this MBO will give Kirihara Shoten the autonomy and independence to fully realize its potential as a leading provider of high school education products and services for the Japanese education market. Pearson Japan will continue to operate in Japan as a part of the Pearson global education business focusing on tertiary sales, assessments, qualifications, educational services and consultancy.

Pearson will continue to support Kirihara Shoten by providing short term financial support as well as access to products and services through a distribution agreement, but will have no management or ownership interest.

Read the full press release.

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