Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
5.5
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 September 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales12,901¥ millionYear on year +5.5%Progress 50.6%
Operating profit1,459¥ millionYear on year -0.9%Progress 81.1%
Ordinary income1,552¥ millionYear on year +0.8%Progress 83.0%
Net income attributable to owners of the parent966¥ millionYear on year -4.3%Progress 95.6%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥38.19
Financial position at period-end
Total assets18,004¥ million
of which net assets 12,795 ¥ millionEquity ratio 71.1%vs. prior year-end +5.4pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueMeiko Gijuku tutoring-school directly operated business ¥7,683 million (YoY +5.8%), Meiko Gijuku tutoring-school franchise business ¥2,046 million (YoY +0.4%), Japanese-Language School Business ¥763 million (YoY +5.2%), Other ¥2,408 million (YoY +9.2%)
Segment profitMeiko Gijuku tutoring-school directly operated business ¥1,331 million (YoY +12.5%), Meiko Gijuku tutoring-school franchise business ¥579 million (YoY -17.5%), Japanese-Language School Business ¥192 million (YoY +16.9%), Other ¥151 million (YoY -26.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥25,500 million (YoY +2.7%)
Operating profit¥1,800 million (YoY +6.4%)
Ordinary income¥1,870 million (YoY +0.1%)
Net income¥1,010 million (YoY -41.5%)
Annual Dividend Forecast¥27 → ¥28
Factors Behind Changes in Business Performance
The Company advanced its medium-term management plan, MEIKO Transition, by pursuing the renewed growth of the Meiko Gijuku tutoring-school business, monetizing new business groups, and establishing a group governance structure.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 1 / Company name 株式会社明光みらい / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsA resolution was passed to cancel 2,000,000 treasury shares on 28 April 2026. The shares represented 7.19% of the total number of issued shares before the cancellation.
Impairment lossNot applicable (impairment losses on fixed assets by reporting segment)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥0 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥14 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts and institutional investors
Issued Shares at Period-End27,803,600 Shares
Treasury Shares at Period-End2,455,369 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 September 2025–28 February 2026 |
| Net Sales | ¥12,901 million (YoY +5.5%) |
| Operating profit | ¥1,459 million (YoY -0.9%) |
| Ordinary income | ¥1,552 million (YoY +0.8%) |
| Profit attributable to owners of the parent | ¥966 million (YoY -4.3%) |
| Net income per share | ¥38.19 |
| Equity ratio | End of the current fiscal period 71.1 / End of previous period 65.7 |
| Total assets | ¥18,004 million |
| Net assets | ¥12,795 million |
| Full-year earnings forecast | Net Sales ¥25,500 million (YoY +2.7%) / Operating profit ¥1,800 million (YoY +6.4%) / Ordinary income ¥1,870 million (YoY +0.1%) / Net income ¥1,010 million (YoY -41.5%) |
| Annual Dividend Forecast | ¥27 → ¥28 |
| Segment revenue | Meiko Gijuku tutoring-school directly operated business ¥7,683 million (YoY +5.8%), Meiko Gijuku tutoring-school franchise business ¥2,046 million (YoY +0.4%), Japanese-Language School Business ¥763 million (YoY +5.2%), Other ¥2,408 million (YoY +9.2%) |
| Segment profit | Meiko Gijuku tutoring-school directly operated business ¥1,331 million (YoY +12.5%), Meiko Gijuku tutoring-school franchise business ¥579 million (YoY -17.5%), Japanese-Language School Business ¥192 million (YoY +16.9%), Other ¥151 million (YoY -26.9%) |
| Impairment loss | Not applicable (impairment losses on fixed assets by reporting segment) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥0 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥14 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 1 / Company name 株式会社明光みらい / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | A resolution was passed to cancel 2,000,000 treasury shares on 28 April 2026. The shares represented 7.19% of the total number of issued shares before the cancellation. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Analysts and institutional investors |
| Issued Shares at Period-End | 27,803,600 Shares |
| Treasury Shares at Period-End | 2,455,369 Shares |
| Factors Behind Changes in Business Performance | The Company advanced its medium-term management plan, MEIKO Transition, by pursuing the renewed growth of the Meiko Gijuku tutoring-school business, monetizing new business groups, and establishing a group governance structure. |
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortization
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Group advanced its medium-term management plan, MEIKO Transition, by pursuing the renewed growth of its core Meiko Gijuku tutoring-school business, monetizing new business groups following their development phase, and establishing a group governance structure aimed at disciplined growth.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.