Notice of the Recording of an Extraordinary Gain (Gain on the Sale of Shares in an Affiliated Company)


Meiko Network Japan Co., Ltd. (the “Company”) hereby announces as follows that it has generated an extraordinary gain (gain on the sale of shares in an affiliated company) by selling the shares it held in an affiliated company as announced in the “Notice of the Establishment of a Wholly-owned Subsidiary through a Company Split (Simple Incorporation-type Company Split), the Transfer of Shares to WASEDA ACADEMY CO., LTD. of the Newly Established Company, and the Dissolution of the Capital and Business Partnership with WASEDA ACADEMY CO., LTD.” press release by the Company on October 29, 2021.


1. Overview of the Share Transfer

(1)Applicable subsidiary: Kobetsu Shingakukan Co., Ltd.
(2) Other party in the share transfer: WASEDA ACADEMY CO., LTD.
(3) Transfer date: November 30, 2021
(4) Transfer ratio: 100%
(5) Gain on the transfer of shares in the affiliated company: 606 million yen


2. Impact on Business Results

The Company plans to record the above 606 million yen gain on the sale of shares in the affiliated company in the first quarter consolidated accounting period of the fiscal year ending August 31, 2022.