NOVA Corp is the Japan’s largest English conversation school chain. And for those who teach English in Japan and are employed by Nova I say… DOH! I read the news back in April of 2007 when Nova got busted for breaking the law (they refused to refund tuition fees to students who canceled their contracts.) And recently people have not been getting paid for their work. Today things have gotten worse and Nova has filed for protection from the courts. More and more people are starting to teach English online using Skype which is a good thing when major corporate disruptions like this happen.
I wonder what this means for current employees and their work visas. Not only that but if an employees income stops or is slowed it could mean trouble for their living expenses. Damn.
Check out the news from Yahoo
Nova Corp , the largest operator of English language schools in Japan, said on Friday that it has filed for court protection from creditors amid efforts to turn around its business.
Following the company’s announcement, the Jasdaq Securities Exchange said it would delist Nova’s shares on Nov. 27.
Nova, which operates over 900 schools in Japan, posted net losses for the past two business years and said it held a total 43.9 billion yen in debt as of July.
More on this:
Aussie teachers lose jobs in Japanese school shutdown
Nova applies for court protection from creditors; president missing, 4 execs resign
Scandal-tainted school Nova granted court protection from creditors
Sometimes I think things in Japan start normal or a bit boring. To remedy this feeling I just wait about a week and something cool, exciting, or different comes up in the news or down the street. Right now super protein packed slime is be slathered all over somebody’s face by slow crawling critters. It could be happening right now! As you read this! I’ve heard prices range from $100 USD to about $250 USD. Could this be the #1 anti aging solution? Could this be the key to reducing wrinkles? I will be sticking to green tea, a healthy diet, and avoiding over exposure to the sun instead. Imagine how much antioxidant-rich green tea $100 could buy. Or even aloe vera plants that you could slime all over your face instead. But back to the snails, would you do this?
Are you ready Starting November 20th 2007 Japan will start to fingerprint and photograph people entering Japan. The fingerprints, photographs and other biometric data of foreign visitors will be stored in a computer for cross-checking with a list of wanted criminals and people who have been deported in the past. Investigative authorities will have access to the data.
The prints will remain on record for 70 years. According to the new procedures, if requested, the Justice Ministry will turn over the data to the police and other government agencies.
This excludes ethnic Koreans and other permanent residents with special status, those under 16, those visiting Japan for diplomatic or official purposes, and those invited by the state.
Japan Times said an estimated 6-7 million foreigners entering Japan every year will be covered by the ordinance.
Wal-Mart is in Japan. I couldn’t believe it and recently I’ve spotted the “GreatValue” brand that’s owned by Wal-Mart in a few grocery stores here. Sure the brand is generic but they sure do rack the price up here in Japan vs. the United States GreatValue price (uber lame!). I just read that Wal-Mart got into the Japan market back in 2002 and owns 50.9% of the struggling Japanese copmany Seiyu. Wal-Mart said it would offer 140 yen per Seiyu common share with the goal of taking full ownership of this drowning company. That would be about $878 Million. Let’s convert to yen as of the current currency conversion rate…
878,000,000 in USD would be 100,495,879,196 Yen. That’s why the Yen is so cool when you’re an American… it sounds like a shit load of money. 10 dollars? Oh hellz no! 1,000 Yen! That’s where it’s at! Continue reading
Some cool and interesting thing have been happening in Japan! Check this stuff out.
- Japan Launching Ambitious Asteroid-Sampling Mission in 2014 [Space.com]
- Kyoto resident becomes world’s oldest-ever man at age 115. [Japan Times]
- Working in Japan Without a Degree – It Is Possible! [Huffington Post]
- House Hunting in … Japan [NY Times]