Major English conversation school operator Geos Corp. said Wednesday it has started bankruptcy procedures at the Tokyo District Court, which ordered its assets protected from creditors. The Tokyo-based school’s total liabilities are said to be 7.5 billion yen. The school operator said it would hand over about 230 of its 330 schools nationwide to Nagoya-based…

Students of bankrupt English-conversation school operator Geos Corp. are frustrated with 99 out of 329 schools nationwide closing and no refunds for those who have already paid this year’s tuition. Some 230 Geos schools will continue operation under the management of G.Communication, while the other 99 will be closed. Geos and G.Communication made a joint…

The bankruptcy of major English school operator Geos Corp. is largely attributable to the shrinking market for English conversation schools in Japan, as a result of the declining birth rate and the economic downturn. “The entire industry has been in a slump, and we lost a large number of students because of the recession,” Kazumi…

Geos Corp. said Wednesday it has filed for bankruptcy protection with the Tokyo District Court, saddled with debts of about 7.5 billion yen. The operator of English conversation schools will hand over 230 schools in Japan to subsidiary G.communication Co. The rest will be closed. G.communication, which took over schools from Nova Corp. in 2007…

Major English school operator Geos Corp. filed for bankruptcy on Wednesday at the Tokyo District Court with liabilities of about 7.5 billion yen, company officials said. Tokyo-based Geos operated 329 schools that had approximately 36,800 students. Nagoya-based G.Communication Group is set to take over 230 of the schools with some 29,000 students, while 99 other…