Education Business Weighted Toward the Second Half and Fourth Quarter

「Operating loss was ¥423.979 million, compared with an operating loss of ¥376.784 million in the same period of the previous year, due mainly to expenses incurred for promoting sales of new services. Ordinary loss was ¥395.367 million, compared with an ordinary loss of ¥343.979 million, and interim net loss attributable to owners of the parent was ¥310.782 million, compared with an interim net loss attributable to owners of the parent of ¥261.387 million. The Group's business tends to generate higher profit, particularly from university entrance examination services, toward the fourth quarter of the fiscal year, so net sales for the interim consolidated accounting period tend to be relatively low. However, fixed costs such as personnel expenses do not fluctuate from quarter to quarter. Consequently, profit for the interim consolidated accounting period remains extremely low compared with other quarters. Although earnings are negative through the third quarter each year, this deficit is eliminated for the full fiscal year.」

「Because the Group's business tends to generate higher profit, particularly from university entrance examination services, toward the fourth quarter of the fiscal year, net sales for the interim consolidated accounting period tend to be relatively low. However, fixed costs such as personnel expenses do not fluctuate from quarter to quarter. Consequently, profit for the interim consolidated accounting period remains extremely low compared with other quarters. Although earnings are negative through the third quarter each year, this deficit is eliminated for the full fiscal year.」

「Because the Group's business tends to generate higher profit, particularly from university entrance examination services, toward the fourth quarter of the fiscal year, net sales for the cumulative third quarter tend to be relatively low. However, fixed costs such as personnel expenses do not fluctuate from quarter to quarter. Consequently, profit for the cumulative third quarter remains extremely low compared with other quarters. Although earnings are negative through the third quarter each year, this deficit is eliminated for the full fiscal year.」

「The Group's business tends to generate higher profit, particularly from university entrance examination services, toward the fourth quarter of the fiscal year, so net sales for the cumulative second quarter tend to be relatively low. However, fixed costs such as personnel expenses do not fluctuate from quarter to quarter. Consequently, profit for the cumulative second quarter remains extremely low compared with other quarters. Although earnings are negative through the third quarter each year, this deficit is eliminated for the full fiscal year.」

「In terms of performance, net sales were ¥964.661 million, up 5.0% year on year, due to the human resources development support business acquired in the second quarter of the previous fiscal year and revenue recognized under the percentage-of-completion method for construction work at newly contracted universities. Despite higher depreciation and the incurrence of research and development expenses, operating loss was ¥138.647 million, compared with an operating loss of ¥195.415 million in the same period of the previous year, mainly due to lower retirement benefit expenses.」

「As most university entrance examination services are completed in March, most revenue from educational services is recognized toward March, the end of the consolidated fiscal year. Consequently, the Group's revenue tends to be concentrated in the second half, particularly the fourth quarter.」

「Because the Group's business tends to generate higher profit, particularly from university entrance examination services, toward the fourth quarter of the fiscal year, net sales for the cumulative third quarter tend to be relatively low. However, fixed costs such as personnel expenses do not fluctuate from quarter to quarter. Consequently, profit for the cumulative third quarter remains extremely low compared with other quarters. Although earnings are negative through the third quarter each year, this deficit is eliminated for the full fiscal year.」

「Operating loss was ¥390.165 million, compared with an operating loss of ¥337.537 million in the same period of the previous year. The Group's business tends to generate higher profit, particularly from university entrance examination services, toward the fourth quarter of the fiscal year, so net sales for the cumulative second quarter tend to be relatively low. However, fixed costs such as personnel expenses do not fluctuate from quarter to quarter. Consequently, profit for the cumulative second quarter remains extremely low compared with other quarters. Although earnings are negative through the third quarter each year, this deficit is eliminated for the full fiscal year.」

「Because the Group's business tends to generate higher profit, particularly from university entrance examination services, toward the fourth quarter of the fiscal year, net sales for the cumulative first quarter tend to be relatively low. However, fixed costs such as personnel expenses do not fluctuate from quarter to quarter. Consequently, profit for the cumulative first quarter remains extremely low compared with other quarters. Although earnings are negative through the third quarter each year, this deficit is eliminated for the full fiscal year.」

「In addition, operating loss was ¥374.117 million, compared with an operating loss of ¥355.262 million in the same period of the previous year, due to higher personnel expenses associated with deeper penetration of existing transactions and new contract work carried over from the previous period, as well as expenses related to share acquisitions. The Group's business has the characteristic that net sales and profit, particularly from university entrance examination services, increase sharply in the fourth quarter of the fiscal year. As a result, both net sales and profit for the cumulative third quarter remain at low levels, with the Group tending to be forced to post a loss.」

「As a result, both net sales and profit for the cumulative second quarter of the fiscal year remain at low levels, with the Group tending to be forced to post a loss.」

「The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the first-quarter consolidated cumulative period remain at extremely low levels compared with other quarters, and the group tends to be forced to report a loss.」

「Because most university entrance examination work is completed in March, most revenue from the education business is recognized toward March, the end of the consolidated fiscal year, and the group's revenue tends to be concentrated in the second half, particularly the fourth quarter. In addition, because fixed costs and other expenses incurred steadily throughout the year are also incurred in the first half, profit also tends to be concentrated in the second half, particularly the fourth quarter, and the group may remain loss-making through the first half.」

「In terms of profit and loss, higher depreciation expenses and other factors resulted in an operating loss of ¥355.262 million (operating loss of ¥304.224 million in the same quarter of the previous year). In addition, higher losses on the management of investment partnerships and other factors resulted in an ordinary loss of ¥331.915 million (ordinary loss of ¥272.770 million) and a quarterly net loss attributable to owners of the parent of ¥236.462 million (quarterly net loss attributable to owners of the parent of ¥207.723 million). The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the third-quarter consolidated cumulative period remain at low levels, and the group tends to be forced to report a loss.」

「The operating loss was ¥305.400 million (operating loss of ¥251.094 million in the same quarter of the previous year). The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the second-quarter consolidated cumulative period remain at low levels, and the group tends to be forced to report a loss.」

「In terms of profit and loss, the impact of lower revenue was partly offset by lower retirement benefit expenses and lower exhibition costs for events that were canceled due to the spread of COVID-19, resulting in an operating loss of ¥155.565 million (operating loss of ¥149.963 million in the same quarter of the previous year). The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the first-quarter consolidated cumulative period remain at extremely low levels compared with other quarters, and the group tends to be forced to report a loss.」

「The operating loss was ¥304.224 million (operating loss of ¥209.129 million in the same quarter of the previous year). The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the third-quarter consolidated cumulative period remain at low levels, and the group tends to be forced to report a loss.」

「The operating loss was ¥251.094 million (operating loss of ¥223.241 million in the same quarter of the previous year). The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the second-quarter consolidated cumulative period remain at low levels, and the group tends to be forced to report a loss.」

「The operating loss was ¥149.963 million (operating loss of ¥123.806 million in the same quarter of the previous year). The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the first-quarter consolidated cumulative period remain at extremely low levels compared with other quarters, and the group tends to be forced to report a loss.」

「Because most university entrance examination work is completed in March, most revenue from the education business is recognized toward March, the end of the consolidated fiscal year, and the company's revenue tends to be concentrated in the second half, particularly the fourth quarter. In addition, because fixed costs and other expenses incurred steadily throughout the year are also incurred in the first half, profit also tends to be concentrated in the second half, particularly the fourth quarter, and the company may remain loss-making through the first half.」

「The operating loss was ¥209.129 million (operating loss of ¥221.597 million in the same quarter of the previous year). The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the third-quarter consolidated cumulative period remain at low levels, and the group tends to be forced to report a loss.」

「The operating loss was ¥223.241 million (operating loss of ¥152.908 million in the same quarter of the previous year). The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the second-quarter consolidated cumulative period remain at low levels, and the group tends to be forced to report a loss.」

「The operating loss was ¥123.806 million (operating loss of ¥93.061 million in the same quarter of the previous year). The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the first-quarter consolidated cumulative period remain at extremely low levels compared with other quarters, and the group tends to be forced to report a loss.」

「Because most university entrance examination work is completed in March, most revenue from the education business is recognized toward March, the end of the consolidated fiscal year, and the company's revenue tends to be concentrated in the second half, particularly the fourth quarter. In addition, because fixed costs and other expenses incurred steadily throughout the year are also incurred in the first half, profit also tends to be concentrated in the second half, particularly the fourth quarter, and the company may remain loss-making through the first half.」

「The operating loss was ¥221.597 million (operating loss of ¥255.654 million in the same quarter of the previous year), the ordinary loss was ¥200.003 million (ordinary loss of ¥241.944 million), and the quarterly net loss attributable to owners of the parent was ¥145.021 million (quarterly net loss attributable to owners of the parent of ¥176.389 million). The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the third-quarter consolidated cumulative period remain at low levels, and the group tends to be forced to report a loss.」

「The operating loss was ¥152.908 million (operating loss of ¥257.632 million in the same quarter of the previous year), the ordinary loss was ¥143.407 million (ordinary loss of ¥256.051 million), and the quarterly net loss attributable to owners of the parent was ¥103.966 million (quarterly net loss attributable to owners of the parent of ¥184.089 million). The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the second-quarter consolidated cumulative period remain at low levels, and the group tends to be forced to report a loss.」

「Although payment fees and machinery rental expenses increased in connection with the operation of clinical laboratory testing systems, the operating loss was ¥93.061 million (operating loss of ¥134.846 million in the same quarter of the previous year), the ordinary loss was ¥88.289 million (ordinary loss of ¥131.688 million), and the quarterly net loss attributable to owners of the parent was ¥63.477 million (quarterly net loss attributable to owners of the parent of ¥94.298 million). The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the first-quarter consolidated cumulative period remain at extremely low levels compared with other quarters, and the group tends to be forced to report a loss.」

「Because most university entrance examination work is completed in March, most revenue from the education business is recognized toward March, the end of the consolidated fiscal year, and the company's revenue tends to be concentrated in the second half, particularly the fourth quarter. In addition, because fixed costs and other expenses incurred steadily throughout the year are also incurred in the first half, profit also tends to be concentrated in the second half, particularly the fourth quarter, and the company may remain loss-making through the first half.」

「The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the third-quarter consolidated cumulative period remain at low levels, and the group tends to be forced to report a loss.」

「The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the second-quarter consolidated cumulative period remain at low levels, and the group tends to be forced to report a loss.」

「The group's business is characterized by a sharp increase in revenue and profit in the fourth-quarter consolidated accounting period, driven primarily by university entrance examination services. As a result, both revenue and profit in the first-quarter consolidated cumulative period remain at extremely low levels compared with other quarters, and the group tends to be forced to report a loss.」

「Because most university entrance examination work is completed in March, most revenue from the education business is recognized toward March, the end of the consolidated fiscal year, and the company's revenue tends to be concentrated in the second half, particularly the fourth quarter.」