Japan Language Firm That Surged 1,093% Eyes New Businesses
- English school to expand into leader training, job placement
- CEO seeks 100 billion yen valuation, but analysts are doubtful
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A Japanese language school whose stock soared almost 12-fold last year is planning to expand into new businesses as its chief executive officer tries to keep the rally alive.
RareJob Inc., a Tokyo-based online English conversation school that uses teachers in the Philippines, will focus on areas including leadership training and job placement, Gaku Nakamura, the company’s founder and chief executive officer, said in an interview. Nakamura said one of his goals is to boost the company’s market value to 100 billion yen ($916 million) from its current level of about 25 billion yen.