Nova chief’s sentence shortened

The Osaka High Court on Thursday shaved 18 months off the 3 1/2-year prison term of the founder and former president of Nova Corp., who was convicted of embezzling ¥320 million from the defunct English school chain’s employee benefit fund. The counsel for Nozomu Sahashi, 59, plans to appeal. Sahashi pleaded not guilty at his … Read more

50 Geos branches will be renamed

Nagoya-based investment fund Inayoshi Capital Partners said Thursday that about 50 of its 167 Geos foreign-language school branches will be renamed Nova X Geos after November. ICP also said it will close down about 20 Geos branches whose business areas are overlapping with those of Nova. The company said students of those schools will be … Read more