Embattled English language conversation chain NOVA Corp. is attracting attention for the murkiness of its share trading, its receivers said over the weekend. Some management records have disappeared and wild fluctuations in its share price have been pointed out as appearing unnatural. There have also been claims that efforts to secure capital before it applied…

Nova Corp. funnelled about 100 million yen over seven years to March to a foundation under the jurisdiction of the Foreign Ministry at which former Nova president Nozomu Sahashi acts as managing director under the pretense of buying and selling teaching materials, sources said Sunday. While Nova did develop teaching materials and conducted a certification…

The decision Friday by Nova Corp., the nation’s largest foreign language conversation school chain, to file for court protection can be put down to the growing stress on its operations caused by its rapid growth. The bigger the Osaka-based company grew, the more obvious were its weaknesses under the leadership of its former president, Nozomu…

In the wake of Nova Corp.’s filing for court protection Friday, employees said that although they were anxious over their livelihoods, they were relieved to no longer have to cope with a barrage of complaints from students and teachers. Nova, the nation’s largest English-language school chain, applied for protection under the Corporate Rehabilitation Law with…

The New Zealand embassy in Japan says hundreds of New Zealanders have been caught out by the closure of the country’s biggest English language school chain. Thousands of foreign teachers have been made jobless and face expulsion from Japan after the Nova English language schools folded. The embassy says it has received a steady flow…

Nova Corp.’s students have been left in the lurch–and out of pocket–after the company announced it would temporarily close its schools. Steps must be taken to ensure these students can continue taking English-conversation lessons. Nova, the nation’s largest English-language school chain, dismissed cofounder Nozomu Sahashi on Friday and filed for protection from creditors with the…

Thousands of foreign teachers have been made jobless and face expulsion from Japan after the country’s biggest chain of English language schools folded and sought protection from creditors. Nova Corp said on Friday that it has filed for court protection from creditors amid efforts to turn its business around after being punished by authorities for…

Hundreds of New Zealand teachers face unemployment and eviction from their homes after the collapse of one of Japan’s biggest English language schools. The Nova group has been in trouble for months and has now closed its doors and called in the receivers with debts of over 500 million dollars. Nova’s 6,000 staff had already…

Nova employees and union officials lashed out at the language school chain’s move Friday to seek court protection from creditors, and called on the government to ensure its nearly 7,000 workers, many of whom have not been paid for months, receive their wages. The announcement caught most employees by surprise, said Jamie Scarrabelotti, a Nova…

Thrown suddenly out of work, language teachers with Nova Corp. in Tokyo were quick to react to their employer’s move Friday to file for court protection from creditors. “This was in the back of my mind,” Genevieve Latimer, who was visiting a government-run job center in Shinjuku Ward, said of Nova’s decision. “I haven’t even…