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Christmas Cheer

It’s been a long time between posts. Sadly, somebody at the office decided to promote me, and I am also the proud father of two rambunctious kids.

Anyway, as Christmas and the New Year are also upon us, a couple of newsworthy tidbits that should make you feel a warm and fuzzy all over.

The first is that Nozumu Sahashi, Nova's former president who was sentenced to jail for embezzling funds in a desperate attempt to keep the company afloat, had his appeal rejected:

Japan: 

Four Years After the "Nova Shock"

The Japan Times has a mini-retrospective on Nova four years after its collapse, with yours truly given a chance to flog Nova's corpse.

For added measure, there's also a piece on the horrors of working for Gaba.

According to William, his troubles began back home in the States when he was interviewed for a teaching position at Gaba by webcam.

Japan: 

The University of Nova?

The last I checked, April 1st is still a few months away, but that's the question the Yomiuri shimbun asks in a brief article about G.communication's attempt at running a university.

The Year in Review

The kanji for 2010 was "sho"(暑)meaning hot. Looking back on the year, as far as this blog is concerned, the word of the year is probably "GEOS" owing to the closure of its schools in Australia and then its bankruptcy in Japan. On the other hand, if you worked for Nova when it collapsed in 2007, the fact that the trustees have started paying unpaid wages probably came as a pleasant surprise. For what it's worth, here's a recap of the issues covered on Let's Japan.

Eikaiwa: 

Sahashi Sentenced to 2 Years in Prison

Three years after the collapse of Nova, there is finally some closure on the matter. Teachers are being paid the money owed them when the company went under, and ex-president Nozomu Sahashi will at last be behind bars after the Osaka High Court sentenced him to two years in prison for "corporate embezzlement."

Eikaiwa: 

Old Wine in New Bottles

Here come the school closures:

Nagoya-based investment fund Inayoshi Capital Partners said Thursday that about 50 of its 167 Geos foreign-language school branches will be renamed Nova X Geos after November.

ICP also said it will close down about 20 Geos branches whose business areas are overlapping with those of Nova.

The company said students of those schools will be relocated to the nearby Nova schools or receive lessons via Nova's unique video-phone system.

Inayoshi Reclaims GEOS and NOVA

After giving up GEOS and Nova and his job, Masaki Inayoshi is back in the saddle.

According to the Asahi shimbun, GEOS, Nova, and its juku cram schools were sold (again!) as of October 1 by G.communication to Inayoshi Capital Holdings, an investment firm set up by former G.communication chairman Masaki Inayoshi, who gave up his position in August.

Sahashi Still Maintains He's Innocent

If you're sick and tired of reading anything having to do with NOVA and Sahashi, you might want to stop reading right now.

Sahashi was back in court to have his appeal heard.

His lawyers still maintain that he is innocent and that his use of money from an employees' fund was to pay refunds and therefore does not amount to embezzlement. Sahashi was originally sentenced to three and half years for the crime.

Eikaiwa: 

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