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Financial results presentation4668MEIKO NETWORK JAPAN CO.,LTD.Information and Communications, Services and Others

Earnings Presentation Materials for the Fiscal Year Ending August 2026

Revenue increased in all segments in the fiscal year ended August 2026 and exceeded the plan. However, operating income, ordinary income and net income fell short of the plan and declined year on year due to upfront investments and higher personnel and promotional expenses.

Worth reading
60In focus
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
180
JPY million (year-on-year decrease in operating profit)
Wording
Definitive
How definitive the wording is.

Contents of this document

Financial results presentationFull year ended August 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥26,037 million+4.9%
Operating profit¥1,510 million-10.7%
Ordinary income¥1,706 million-8.7%
Net income¥841 million-51.3%
Operating profit margin5.8
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue: above plan; each profit measure: below plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Revenue increase¥1,209 million
  • Higher cost of sales, personnel expenses and other costs¥-1,076 million
  • Higher promotional expenses¥-279 million
  • Higher personnel, recruitment and other expenses¥-34 million
New initiatives
  • Opening of Meiko Gijuku High School
  • Launch of courses offered in collaboration with Meiko Gijuku tutoring schools
  • Capital investment to expand the capacity of Waseda EDU Japanese Language School
  • Introduction of a company-based organizational structure
  • Standardization of the classroom environment
Key KPIsA metric the company considers important as a management benchmark.
  • Number of students enrolled at Meiko Gijuku tutoring schools104,885 People
    Year on year against the same period last year+5,065.0%
  • Number of directly operated Meiko Gijuku tutoring schools473 locations
    Year on year against the same period last year-3.0%
  • Number of Meiko Gijuku franchise tutoring schools1,150 locations
    Year on year against the same period last year-34.0%
  • Number of students at Japanese-language schools1,868 People
    Year on year against the same period last year-66.0%
  • Cumulative holders of hospitality qualifications1,377 People
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Average number of students enrolled per Meiko Gijuku tutoring school64.6 People/school
    Year on year against the same period last year+4.5%
Segment results
  • Meiko Gijuku tutoring-school directly operated business
    Net Sales15,272
    Revenue unit¥ million
    Year-on-Year Change in Revenue (%)5.3
    Operating profit2,170
    Operating profit unit¥ million
  • 明光義塾 franchise business
    Net Sales4,261
    Revenue unit¥ million
    Year-on-Year Change in Revenue (%)2.1
    Operating profit819
    Operating profit unit¥ million
  • Japanese-Language School Business
    Net Sales1,541
    Revenue unit¥ million
    Year-on-Year Change in Revenue (%)3.7
    Operating profit172
    Operating profit unit¥ million
  • Other
    Net Sales4,961
    Revenue unit¥ million
    Year-on-Year Change in Revenue (%)6.4
    Operating profit165
    Operating profit unit¥ million
Medium-term management plan targets
Evolve into a comprehensive human resources support group from the fiscal year ended August 2025 to the fiscal year ending August 2027
Market Size / Share
No. 1 among one-on-one tutoring schools in the number of successful high school entrance exam candidates and No. 1 in the number of successful university entrance exam candidates
Number of employees
1,264 People
As ofEnd of August 2026
Capital expenditures
¥276 million payments for the acquisition of property, plant and equipment
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFull year ended August 2026
Net Sales¥26,037 million (YoY +4.9%)
Operating profit¥1,510 million (YoY -10.7%)
Ordinary income¥1,706 million (YoY -8.7%)
Net income¥841 million (YoY -51.3%)
Operating profit margin5.8
Self-assessment against the planRevenue: above plan; each profit measure: below plan
Segment resultsSegment Meiko Gijuku tutoring-school directly operated business / Net Sales 15,272 / Revenue unit ¥ million / Year-on-Year Change in Revenue (%) 5.3 / Operating profit 2,170 / Operating profit unit ¥ million, Segment 明光義塾 franchise business / Net Sales 4,261 / Revenue unit ¥ million / Year-on-Year Change in Revenue (%) 2.1 / Operating profit 819 / Operating profit unit ¥ million, Segment Japanese-Language School Business / Net Sales 1,541 / Revenue unit ¥ million / Year-on-Year Change in Revenue (%) 3.7 / Operating profit 172 / Operating profit unit ¥ million, Segment Other / Net Sales 4,961 / Revenue unit ¥ million / Year-on-Year Change in Revenue (%) 6.4 / Operating profit 165 / Operating profit unit ¥ million
Breakdown of Factors Affecting the ChangeFactors Revenue increase / Amount ¥1,209 million, Factors Higher cost of sales, personnel expenses and other costs / Amount ¥-1,076 million, Factors Higher promotional expenses / Amount ¥-279 million, Factors Higher personnel, recruitment and other expenses / Amount ¥-34 million
Key KPIsIndicator Number of students enrolled at Meiko Gijuku tutoring schools / Value 104,885 People / Year on year against the same period last year 5,065 People, Indicator Number of directly operated Meiko Gijuku tutoring schools / Value 473 locations / Year on year against the same period last year -3 locations, Indicator Number of Meiko Gijuku franchise tutoring schools / Value 1,150 locations / Year on year against the same period last year -34 locations, Indicator Number of students at Japanese-language schools / Value 1,868 People / Year on year against the same period last year -66 People, Indicator Cumulative holders of hospitality qualifications / Value 1,377 People / Year on year against the same period last year Not disclosed
Unit price and quantity metricsIndicator Average number of students enrolled per Meiko Gijuku tutoring school / Value 64.6 People/school / Year on year against the same period last year 4.5 People/school
Number of employees1,264 People
Medium-term management plan targetsEvolve into a comprehensive human resources support group from the fiscal year ended August 2025 to the fiscal year ending August 2027
Capital expenditures¥276 million (payments for the acquisition of property, plant and equipment)
Market Size / ShareNo. 1 among one-on-one tutoring schools in the number of successful high school entrance exam candidates and No. 1 in the number of successful university entrance exam candidates
New initiativesOpening of Meiko Gijuku High School, Launch of courses offered in collaboration with Meiko Gijuku tutoring schools, Capital investment to expand the capacity of Waseda EDU Japanese Language School, Introduction of a company-based organizational structure, Standardization of the classroom environment
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogKey points of the Q&A

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.

Although revenue increased at Meiko Gijuku tutoring schools and elsewhere, profit was reduced by personnel costs included in cost of sales associated with strengthening operating resources in the human resources business, upfront promotional and recruitment expenses to support growth from the next fiscal year onward, and other expenditures. Net income also declined because there were no gains from the sale of strategic shareholdings recorded in the previous year.

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Earnings Presentation Materials for the Fiscal Year Ending August 2026 | MEIKO NETWORK JAPAN CO.,LTD. (4668) timely disclosure | Komori