Benesse Explained

Benesse Holdings, Inc.
Native Name:株式会社ベネッセホールディングス
Native Name Lang:ja
Type:Private KK
Former Names:Fukutake Publishing (1955-1987)
Fukutake Shoten (1987-1995)
Benesse Corporation (1995-2009)
Location Country:Japan
Key People:Eikoh Harada
(President)
Industry:Educational Services
Revenue: JPY 430.064 billion (2017) [1]
Operating Income: JPY 7.685 billion (2017)
Net Income: JPY 3.557 billion (2017)
Num Employees:21,022 (consolidated) (2017)

is a Japanese company which focuses on correspondence education and publishing. Based in Okayama, it is the parent company of Berlitz Language Schools, which in turn is the parent company of ELS Language Centers. Benesse is listed on the Tokyo Stock Exchange (listing code 9783).

The company name is derived from the Latin words "bene" (well) and "esse" (being).

History

The company was founded in 1955 as by Tetsuhiko Fukutake, a publisher of educational materials. In 1986, Soichiro Fukutake succeeded his father as president on the latter's death.[2] His son Hideaki Fukutake is a company director.[3]

In 1994, the company completed the construction of the Fukutake Shoten Tokyo Building (now Benesse Corporation Tokyo Building) in Tama, Tokyo. In April 1995, the company was renamed Benesse Corporation.

A major breakthrough in the company's history was the acquisition of a majority stake in Berlitz Language Schools, which had gone public in 1989. In 2001, Benesse completed the take-over by acquiring 100% ownership of Berlitz and making it a private company once again.

In 2023, Swedish private equity firm EQT AB together with Benesse's founding family announced their intention to buy the company and take it private in a deal valued at billion (billion).[4] On March 3, 2024, it was announced that EFU Investments Ltd. and a fund managed by BPEA EQT completed the purchase of a 70.1% stake in Benesse.[5]

Benesse Foundation

The Benesse House is a 10-room hotel located inside a contemporary art museum, the Benesse Art Site, on the island of Naoshima in the Seto Inland Sea.[6] Built in 1992, it was designed in partnership with architect Tadao Ando.[6] It was built by the Benesse Foundation which is funded by the Benesse Corporation.[6]

Franchises

Benesse is the originator of the Kodomo Challenge educational program,[7] which debuted in April 1988 and introduced three young-animal mascot characters: Shimajiro the tiger, Torippi the parrot,[8] and Ramurin the sheep.[9] These characters, along with later 1991 addition Mimirin the rabbit,[9] [8] would appear in a long-running series of Shimajiro anime starting in 1993.[10]

External links

Notes and References

  1. http://www.benesse-hd.co.jp/en/ir/library/factsheet/index.html Fact Sheet - Investor Relations
  2. Web site: Annual Report 2007. 25 February 2017. https://web.archive.org/web/20140211171158/http://www.benesse-hd.co.jp/ja/ir/doc/library/annual/ar2007j.pdf. 11 February 2014. dead.
  3. Web site: Manson . Bess . 2023-03-17 . Hideaki Fukutake - New WOW owner hopes to add festival to the show . 2023-05-06 . Stuff . en.
  4. News: Kamata . Akinori . Oku . Takashi . 2023-11-11 . Japan education firm Benesse to go private with Sweden's EQT . Nikkei Asia.
  5. Web site: EFU Investments Limited and Baring Private Equity Asia Fund VIII managed by BPEA EQT completed the acquisition of 70.21% stake in Benesse Holdings, Inc. from Minamigata Holdings Ltd.. MarketScreener UK. 2024-03-20. en-UK.
  6. News: Williams. Ingrid K. Japanese Island as Unlikely Arts Installation. 13 December 2016. The New York Times. 26 August 2011.
  7. News: Benesse's Preschool Education Course Faring Well in China: Pres. . Press release . 2022-02-12 . Jiji Press English News Service . . subscription . 2008-04-07.
  8. Names to the left of the slashes are the original Japanese; those to the right, the English ones used in WildBrain Spark's dub.
  9. Web site: Wakako . Takō . 通信教育発「しまじろう」、"子どもと一緒に成長"するキャラクターが30年愛された理由 . . 2022-02-12 . Japanese . 2020-02-20.
  10. News: BENESSE CORPORATION'S PRESCHOOL HIT SHIMAJIRO WINS MAYOR AWARD . Press release . 2022-02-12 . Licensing Magazine . 2021-09-20.