Category Archives: Nova

Nova, Geos now under investment fund’s wing

October 5, 2010 in Eikaiwa, GEOS, News, Nova

Nagoya-based G. communication Co. last week sold Nova Corp. and Geos Corp., two major foreign language school chains, to an investment fund. The fund, Inayoshi Capital Partners, run by recently retired G. communication founder Masaki Inayoshi, acquired the stakes Friday by purchasing shares of G. education Co., a G. communication spokeswoman said. Seven Geos language [...]

ジオス・ＮＯＶＡ買収のジー社、英会話事業売却

October 5, 2010 in Eikaiwa, GEOS, News, Nova

経営破綻した英会話学校「ジオス」を今年４月に買収したジー・コミュニケーション（名古屋市）が、３年前に買収したＮＯＶＡも含めた英会話事業を売却していたことが４日分かった。

G. Communication Sells Nova, Geos

October 5, 2010 in Eikaiwa, GEOS, News, Nova

G. communication Co. has sold all of its shares in a unit that manages English language schools Nova and Geos, officials of the Japanese diversified business group said Monday. The shares in G. education Co. were sold on Friday to an investment company headed by G. communication founder Masaki Inayoshi for an undisclosed sum. http://jen.jiji.com/jc/eng?g=ind&k=2010100400867

‘Japanese way’ costs $190,000

May 30, 2010 in GEOS, Harassment, News, Nova

The boss of a multi-national English language school in Auckland has been awarded $190,000 after an employment tribunal dismissed claims he was used to being treated “the Japanese way”. David Page was stripped of his job as regional director of GEOS New Zealand at a conference in 2008 and demoted to head of the company’s [...]

Telling the other side of the Geos story

May 25, 2010 in GEOS, News, Nova

Thank you very much for printing the story regarding the Geos bankruptcy. As a former Geos teacher, I was glad to see that you told the other side of the story, as other media had made it appear that there weren’t any problems because G.communication had taken over the company in advance. This is not [...]

All shuttered Geos schools to reopen for lessons in May

April 29, 2010 in Eikaiwa, GEOS, News, Nova

G.communication Co., which has taken over collapsed English conversation school operator Geos Corp., plans to resume lessons at all Geos schools by the end of May, the company president said. This means lessons will resume soon at 18 of the 230 Geos schools that were closed for falling behind in their rent payments and for [...]

G.com has more room for ex-Geos teachers

April 29, 2010 in Eikaiwa, GEOS, News, Nova

G.communication Co. will hire some teachers from schools that it isn’t taking over from defunct Geos Corp. because it is currently experiencing a manpower shortage, G.communication President Hideo Sugimoto told The Japan Times on Wednesday. “Some teachers left (the Geos schools) we took over because they weren’t getting paid,” Sugimoto said in an interview in [...]

Classes resume at 200 Geos schools

April 24, 2010 in Eikaiwa, GEOS, News, Nova

G.communication Co., which has taken over 230 of 329 schools run by collapsed English conversation school operator Geos Corp., resumed classes at 201 Geos schools nationwide Friday. Classes at the remaining schools will restart soon, according to G.communication. The phone was ringing off the hook at one Geos school in Tokyo, where classes resumed at [...]

Geos’ fate sealed by failure to react quickly to rapid drop in demand

April 23, 2010 in Eikaiwa, GEOS, News, Nova

The failure of major language-school operator Geos Corp. occurred because the company didn’t trim unprofitable branches fast enough at a time when the industry was facing a drastic drop in students, people in the industry said. Although the bankruptcy of industry leader Nova Corp. in October 2007 damaged the image of the commercial language school [...]

Bankruptcy wasn’t my idea, Geos president states

April 23, 2010 in Eikaiwa, GEOS, News, Nova

The decision to file for bankruptcy was not his, the president of language-school chain Geos Corp., Tsuneo Kusunoki, implied in an unusual statement released Thursday. “The company’s board of directors did not reach a consensus on filing for bankruptcy, and the action was taken by one director and some employees,” Kusunoki said in the statement. [...]