The Thread

“Japan’s largest chain of foreign language schools, Nova Corp, has filed for court protection from creditors.

The firm, which mainly offers English classes, has more than 800 schools and 400,000 students across Japan.

But in June, it was ordered to suspend part of its operations, after a court ruled it had misled customers in advertisements about some services.

Since then, student enrolment has fallen sharply and Nova has accumulated debts of up to JPY50bn ($437m, £213m).”

Read full article at BBC NEWS >>