Goldman Sees a Bargain in Japan Cram School With Checkered Past
- Riso Kyoiku shares surged to highest since 2005 in January
- Goldman started coverage in December, citing growth potential
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Noriko Mori, 47, paid about 700,000 yen ($6,300) to a cram school to help her daughter prepare for a school entrance exam in Tokyo. Her daughter was six at the time. It was for an elementary school.
“It was expensive,” Mori said. But “she passed the test for the school she wanted, so it was a choice well made.”