Nagoya-based G.communication grp., the firm taking over part of the failed language school chain Nova Corp., has grown rapidly in the past few years via aggressive mergers and acquisitions.
Headed by 38-year-old President Masaki Inayoshi, the firm expanded its business by purchasing shares of restaurant chains, including sushi chain Heiroku in July 2005 and Yakinikuya Sakai Co. in May.
Financial results of G.communication, which has some 2,000 employees in its group, show sales and profits sharply increased from the business year that ended in May 2006, when it acquired shares of companies or took over businesses in 11 cases, all in the restaurant and food-related business.
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