The nation's first stock company-run university will stop recruiting students next year due to financial difficulties, school sources said Thursday.
Tokyo University of Career Development, run by Tokyo Legal Mind K.K., has been underenrolled since 2006 and was only able to attract 18 students, despite having a capacity of 160, this spring.
"We've decided to focus our finances to maintain and improve the studying environment of the undergraduate students already enrolled," a university official said.
But LEC Graduate School of Accountancy, run by the same firm, will still recruit.
The university, commonly known as LEC university, opened in 2004 and now has 12 campuses nationwide with 459 students enrolled in its law and accounting courses. But recruiting for the current academic year was only conducted at its main campus in Chiyoda Ward, Tokyo.