Monex Group Completes Acquisition of Education Firm Viling

Monex Group, Inc., a Japanese online trading company, today announced that it has acquired Viling, Inc., an education and childcare company based in Tokyo.

Viling develops its own educational materials and content, manages its own classrooms and operates franchises. With STEAM education, Viling nurtures problem-solving skills through the use of technology and other means to develop human resources who can play an active role in the new "Society 5.0".

Monex commented: "We believe Viling, with its global standard educational theories and its philosophy and passion for social contribution, is the best partner to pursue Monex Group's new business principles.

By combining Viling's expertise in STEAM education cultivated through its businesses with Monex Group's knowledge of networks and cutting-edge IT technology accumulated through its financial services, we will provide a wide range of high-quality, primarily STEAM educational opportunities that enable individuals to achieve self- fulfillment".

In early November, Monex Group published its financial results​ for the second quarter of the ongoing financial year, the three months between July 2021 and September 2021. The consolidated group revenue came in at 24.8 billion yen, which was more than 64 percent higher than the previous year's similar quarter with 15.1 billion yen. The pre-tax profit of the group surged by 238 percent to 7.2 billion yen from the previous year's 2.2 billion yen.