Expanding educational facilities and increasing student enrollment and per-student revenue

「The plan to open 4 new schools in the education business, which had been under consideration at the end of the previous consolidated fiscal year, was discontinued after the opening of the remaining 2 schools, as the company decided during the third quarter to terminate the education business on 31 March 2018.」

「In the education business, we focused on the summer-course program in the cram-school business and conducted promotions to improve student performance and attract new students. In the English conversation business, we sought to improve customer satisfaction by providing stronger learning support through a level-up contest.」

「The English conversation business performed well, partly due to the continued effect of commercials from the previous consolidated fiscal year. We will continue strengthening support for students' lessons and working to raise student satisfaction in order to maintain stable performance.」

「During the current consolidated fiscal year, we opened 3 new schools in the education business, bringing the total to 106 schools.」

「In the education business, the English conversation schools promoted parent-child enrollment in children's English conversation lessons through the "Papa Mama Ticket," while the cram schools worked to improve customer satisfaction by promoting subjects other than the main 3 subjects and improving academic performance through the "Science and Social Studies Seminar." During the third quarter of the current fiscal year, we opened 1 new school and reopened 2 renovated schools.」

「In the education business, we worked to improve customer satisfaction by strengthening the summer-course program in the cram-school business and promoting the English conversation business's "Level-Up Support Coupon" and the children's "Summer Seminar."」

「In the education segment, we opened 2 new English conversation schools. We conducted large-scale TV commercials for the English conversation business to attract new enrollees and raise awareness, thereby developing a pool of prospective new customers. In the cram-school business, we thoroughly reviewed the details of school operations and focused on establishing systems for operations that could further improve academic performance and support students. In both businesses, we promoted the acquisition of new students and higher revenue per student, aiming to establish a more stable foundation for school operations.」