To All Instructors and Staff Members

We explained on October 26th that we would determine the prospects by today (November 5th) regarding whether an appropriate sponsor could be found, and that if this was found to be viable we would proceed to select a sponsor, otherwise there would be no choice but to start bankruptcy proceedings.

Since that time we have been approached by around 10 companies, and we have started considering the details and screening these companies. We would like to determine the sponsor by Thursday this week (November 8th) at the latest, and we would like to prioritize the protection of as many as students as possible, and ensure the job security of as many as staff members and instructors as possible.

As we will proceed in this way, we ask that you wait at home until November 8th. We plan to hold another explanatory session when the stage of a definite announcement is reached, which we will notify you of later.