Seasonal fluctuations in performance driven by supplementary courses and student enrollment
First written in FY2016. 23 of 24 entries say "Restated". Latest entry: 2026-08-07.
The whole theme swung hardest in 2023: 1 of 9 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「なお、当社グループの第１四半期の業績は、収益の基盤となる塾生数が少ない期間であること、収益性の高い講習会・特別授業を実施しない期間であること等により、例年、営業損失を計上する傾向にあります。」
塾生数と講習会・特別授業の実施時期により第１四半期に営業損失を計上する季節的構造を再掲した。 - FY2026-H1RestatedAnnual report
「In addition to regular classes, our group offers seasonal courses in spring, summer and winter. Because revenue increases during the periods in which these courses are held, results for the first and second halves of the fiscal year are subject to seasonal fluctuations.」
The disclosure continues to describe the structure under which results for the first and second halves of the fiscal year fluctuate depending on when seasonal courses are held. - FY2025-H1RestatedAnnual report
「In addition to regular classes, our group offers seasonal courses in spring, summer and winter. Because revenue increases during the periods in which these courses are held, results for each interim period are subject to seasonal fluctuations.」
The disclosure continues to describe the structure under which interim revenue fluctuates depending on when seasonal courses are held. - FY2024RestatedAnnual report
「Therefore, although profitability tends to be lower in the first quarter, April to June, when few students are enrolled and no special courses or similar programs are held, it tends to be higher in the second quarter, July to September, and the third quarter, October to December.」
It explicitly identifies seasonal fluctuations in quarterly profitability resulting from special courses, student numbers and fixed costs as a risk. - FY2024-Q1RestatedAnnual report
「In addition to regular classes, the Group offers spring, summer and winter seasonal courses. Because revenue increases significantly during the periods in which these courses are held, results fluctuate seasonally from quarter to quarter.」
It continues to explain the structure in which quarterly revenue fluctuates depending on the timing of seasonal courses. - FY2021RestatedAnnual report
「The number of students tends to increase month by month from the beginning of the fiscal year, peak between November and December, and reach its lowest level between February and March, when students complete their courses. Therefore, although profitability tends to be lower in the first quarter, April to June, when no special courses or special classes are held, it tends to be higher in the second quarter, July to September, and the third quarter, October to December.」
It continues to explain the structure in which quarterly profitability fluctuates depending on student numbers and the timing of special courses, including the peak and trough periods. - FY2021-Q1RestatedAnnual report
「In addition to regular classes, the Group offers spring, summer and winter seasonal courses. Because revenue increases significantly during the periods in which these courses are held, results fluctuate seasonally from quarter to quarter.」
It continues to describe the structure in which quarterly revenue fluctuates depending on the timing of seasonal courses. - FY2020RestatedAnnual report
「Therefore, although profitability tends to be lower in the first quarter, April to June, when no special courses or special classes are held, it tends to be higher in the second quarter, July to September, and the third quarter, October to December.」
It continues to explain seasonal fluctuations in quarterly profitability resulting from special courses and student numbers. - FY2020-Q3RestatedAnnual report
「In addition to regular classes, the Group offers spring, summer and winter seasonal courses. Because revenue increases significantly during the periods in which these courses are held, results fluctuate seasonally from quarter to quarter.」
It continues to explain the structure in which quarterly revenue fluctuates depending on the timing of seasonal courses. - FY2020-Q2RestatedAnnual report
「In addition to regular classes, the Group offers spring, summer and winter seasonal courses. Because revenue increases significantly during the periods in which these courses are held, results fluctuate seasonally from quarter to quarter.」
It continues to describe the structure in which quarterly revenue fluctuates depending on the timing of seasonal courses. - FY2020-Q1RestatedAnnual report
「In addition to regular classes, the Group offers spring, summer and winter seasonal courses. Because revenue increases significantly during the periods in which these courses are held, results fluctuate seasonally from quarter to quarter.」
It continues to explain the structure in which quarterly revenue fluctuates depending on the timing of seasonal courses. - FY2019RestatedAnnual report
「The number of students tends to increase month by month from the beginning of the fiscal year, peak between November and December, and reach its lowest level between February and March, when students complete their courses. Accordingly, although profitability tends to be lower in the first quarter, April to June, when no special courses or special classes are held, it tends to be higher in the second quarter, July to September, and the third quarter, October to December.」
It continues to explain the seasonal fluctuations in quarterly profitability resulting from student numbers and the timing of seasonal courses, including the peak and trough periods. - FY2019-Q3RestatedAnnual report
「In addition to regular classes, the Group offers spring, summer and winter seasonal courses. Because revenue increases significantly during the periods in which these courses are held, results fluctuate seasonally from quarter to quarter.」
It continues to explain the structure in which quarterly revenue fluctuates depending on the timing of seasonal courses. - FY2019-Q2RestatedAnnual report
「In addition to regular classes, the Group offers spring, summer and winter seasonal courses. Because revenue increases significantly during the periods in which these courses are held, results fluctuate seasonally from quarter to quarter.」
It continues to explain the structure in which quarterly revenue fluctuates depending on the timing of seasonal courses. - FY2019-Q1RestatedAnnual report
「In addition to regular classes, the Group offers spring, summer and winter seasonal courses. Because revenue increases significantly during the periods in which these courses are held, results fluctuate seasonally from quarter to quarter.」
It continues to describe the structure in which quarterly revenue fluctuates depending on the timing of seasonal courses. - FY2018RestatedAnnual report
「Accordingly, although profitability tends to be lower in the first quarter, April to June, when no special courses or special classes are held, it tends to be higher in the second quarter, July to September, and the third quarter, October to December.」
It continues to explain quarterly seasonal fluctuations in profitability resulting from the timing of special courses and student numbers. - FY2018-Q3RestatedAnnual report
「In addition to regular classes, the Group offers spring, summer and winter seasonal courses. Because revenue increases significantly during the periods in which these courses are held, results fluctuate seasonally from quarter to quarter.」
It continues to describe the structure in which quarterly revenue fluctuates depending on the timing of seasonal courses. - FY2018-Q2RestatedAnnual report
「In addition to regular classes, the Group offers spring, summer and winter seasonal courses. Because revenue increases significantly during the periods in which these courses are held, results fluctuate seasonally from quarter to quarter.」
It continues to describe the structure in which quarterly revenue fluctuates depending on the timing of seasonal courses. - FY2018-Q1RestatedAnnual report
「The Group's education-related business, its core business, has a structure in which profitability increases as the number of students rises month by month from the beginning of the fiscal year and revenue increases in the months when special courses and special classes are held. Accordingly, profitability is low and the Group records an operating loss in the first quarter, when student numbers are low and the impact of special courses and other programs is limited, but results are generally progressing in line with the initial plan.」
It continues to state that first-quarter profitability is low due to student numbers and seasonal courses, while results are in line with the initial plan. - FY2017RestatedAnnual report
「Accordingly, although profitability tends to be lower in the first quarter, April to June, when no special courses or special classes are held, it tends to be higher in the second quarter, July to September, and the third quarter, October to December.」
It reconfirms the difference in quarterly profitability caused by the timing of special courses and seasonal fluctuations in student numbers. - FY2017-Q3RestatedAnnual report
「In addition to regular classes, the Group offers spring, summer and winter seasonal courses. Because revenue increases significantly during the periods in which these courses are held, results fluctuate seasonally from quarter to quarter.」
It reiterates the structure in which quarterly revenue fluctuates depending on the timing of seasonal courses. - FY2017-Q2RestatedAnnual report
「In addition to regular classes, the Group offers spring, summer and winter seasonal courses. Because revenue increases significantly during the periods in which these courses are held, results fluctuate seasonally from quarter to quarter.」
It reiterates the structure in which quarterly revenue fluctuates depending on the timing of seasonal courses. - FY2017-Q1RestatedAnnual report
「The Group's education-related business, its core business, has a structure in which profitability increases as the number of students rises month by month from the beginning of the fiscal year and revenue increases in the months when special courses and special classes are held.」
It reiterates the seasonality in which first-quarter profitability is lower due to student numbers and the timing of seasonal courses. - FY2016First statedAnnual report
「Although profitability tends to be lower in the first quarter, April to June, when no special courses or special classes are held, it tends to be higher in the second quarter, July to September, and the third quarter, October to December.」
It describes as a structural fact the seasonality of quarterly profitability resulting from the timing of special courses and changes in student numbers.