Persistent operating losses and impairment losses in the language education business
First written in FY2019. 3 of 5 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2025.
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- FY2025MitigatedAnnual report
「In the Other segment, enrolment at the ISS Institute, a school for training interpreters and translators, remained strong. However, revenue fell 40.8% from the previous fiscal year to ¥340 million due to a substantial decline in revenue accompanying the contraction of the convention business.」
Enrollment in the language education business was described as strong, and conditions related to previously sluggish course enrollment and operating losses were improving. Meanwhile, the Other segment as a whole reported lower revenue due to the contraction of the conventions business. - FY2022MitigatedAnnual report
「In the Other segment, the language education business saw a decline in student numbers in the previous fiscal year as courses at the interpreter and translator training school アイ・エス・エス・インスティテュート shifted from in-person to online delivery. In the current fiscal year, online courses became established, among other factors, and revenue rose 9.1% year on year to ¥420 million.」
Following the decline in student numbers caused by the shift from in-person to online delivery, online courses became established, and full-year revenue in the Other segment rose 9.1%. - FY2022-Q3MitigatedAnnual report
「In the language education business, it became difficult to hold in-person courses at the interpreter and translator training school アイ・エス・エス・インスティテュート during the previous fiscal year, and the shift to online delivery led to a decline in the number of students. In the current fiscal year, however, online courses became established, and revenue rose 65.5% year on year to ¥117 million.」
After the difficulty of holding in-person courses and the decline in student numbers caused by the shift online in the previous fiscal year, online courses became established in the current fiscal year, resulting in higher revenue in the language education business. - FY2021WorsenedAnnual report
「In the language education business, courses at the interpreter and translator training school アイ・エス・エス・インスティテュート were cancelled or postponed due to the spread of COVID-19. As a result, revenue fell 39.1% year on year to ¥104 million.」
As course cancellations and postponements continued, full-year revenue in the language education business fell 39.1% year on year. - FY2019MaterialisedAnnual report
「For the operating assets of アイ・エス・エス・インスティテュート, operating income and losses had remained negative, indicating signs of impairment. The carrying amount was therefore reduced to the recoverable amount, and the reduction of ¥20.969 million was recorded as an impairment loss under extraordinary losses. Total: ¥20.969 million」
As operating income and losses at アイ・エス・エス・インスティテュート remained negative, an impairment loss of ¥20.969 million was recorded on its operating assets.