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Nova president refuses to resign
Nova Corp President Nozomu Sahashi on Thursday refused to resign from the top post at the largest English-language school operator in Japan over a scandal involving exaggerated advertisements. His refusal came in response to a call for his resignation from Nova shareholders who asked him at their annual meeting to resign to take responsibility for…
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Executives of scandal-tainted companies bow in remorse at shareholder meetings
Executives of scandal-tainted companies bowed deeply in remorse at shareholder meetings on Thursday as stockholders who are aggressively expanding their stakes in companies are gradually making their presence felt. Nova Corp., the scandal-hit operator of the nation’s largest English-language school network, held its shareholder meeting in Osaka. The company was in the red in the…
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Nova’s exact bid raises eyebrows
Nova Corp. in Osaka, the nation’s largest English school chain, won a public tender for an Osaka Municipal Board of Education program to dispatch assistant language teachers to municipal middle schools in spring 2006 with a price matching the closed ceiling price of 54,850,200 yen, The Yomiuri Shimbun has learned. A board official said the…
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Nova Union of Staff and Teachers Press Conference
Yesterday was, without a doubt, a media triumph for Nambu, and our struggle for job security for members. We’ve been trying for so long for this kind of media exposure, and the current Nova news frenzy gave us our opportuniy to make the public aware not only of the working conditions in Nova, but also…
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Troubled Nova staff slams work conditions
Nova Corp. teachers and other employees in Tokyo criticized the company Tuesday, saying the troubled chain of foreign-language schools must improve its business not just so it becomes more honest with customers but also for the sake of its workers. At a news conference, Nova union members also demanded that the firm provide better working…
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A lesson for Nova Corp.
The Ministry of Economy, Trade and Industry has decided that Nova Corp., the nation’s largest English-language school chain, violated the Specified Commercial Transaction Law and ordered it to partially suspend business. Saying that Nova committed 18 types of violations, the ministry imposed a six-month ban on new contracts of more than one year or more…
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Scandals taint private sector / Comsn, Nova wrongdoing shows government’s oversight role vital
The Economy, Trade and Industry Ministry on June 13 prohibited Nova Corp., which operates English conversation schools nationwide, from offering new contracts to students lasting longer than a year for the next six months. The ministry also will terminate, in the case of Nova, a subsidy to individuals that helps people acquire job skills, which…
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Nova Corp. eyes capital tie-up
[According to industry sources] the nation’s largest English language school chain is leaning toward a capital alliance as a way to improve its creditworthiness and secure operating expenses. [Nova] posted a net loss of 3 billion yen in fiscal 2005 and another net loss of 2.4 billion yen in fiscal 2006 as its expansion policy backfired.…