Seasonality in performance resulting in lower first-quarter profitability
First written in FY2016. 21 of 23 entries say "Restated". Latest entry: 2026-08-06.
The whole theme swung hardest in 2023: 1 of 9 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- 2026-08-06RestatedEarnings
「Accordingly, profitability in the first quarter is lower than from the second quarter onward.」
The company reiterated the seasonal pattern of lower first-quarter profitability due to student numbers increasing from the second quarter onward with courses and enrollment, while fixed costs continue to be incurred. - FY2025-H1RestatedAnnual report
「Accordingly, profitability tends to be higher in the second quarter and thereafter than in the first quarter.」
The company continues to describe the seasonality whereby revenue and operating profit increase from the second quarter onward as course participants enroll in September and January, while personnel expenses, rent and other costs are incurred on a fixed basis. - FY2024-Q2RestatedAnnual report
「As a seasonal factor, the Group's student numbers in both its elementary and junior high school divisions and its high school division increase from the second quarter onward because regular students who attend summer courses, winter courses and other programs enroll in September and January, respectively. Accordingly, both revenue and operating profit increase from the second quarter onward. Operating expenses, however, including personnel expenses and rent, are incurred at fixed monthly amounts. Accordingly, profitability tends to be higher in the second quarter and thereafter than in the first quarter.」
The company continues to describe the seasonality whereby revenue and profit increase from the second quarter onward due to courses and new enrollment, while the first quarter has low profitability because fixed costs are incurred. - FY2024-Q1RestatedAnnual report
「Accordingly, profitability in the first quarter is lower than from the second quarter onward.」
The company reconfirms the seasonality whereby student numbers and revenue increase from the second quarter onward due to courses and new enrollment, while personnel expenses, rent and other costs are incurred on a fixed basis. - FY2023RestatedAnnual report
「Accordingly, profitability tends to be lower in the first quarter than in the second quarter and thereafter.」
The company reconfirms the seasonality whereby revenue increases from the second quarter onward due to summer and winter courses and new enrollment, while fixed costs result in lower first-quarter profitability. - FY2023-Q2RestatedAnnual report
「Accordingly, profitability tends to be higher in the second quarter and thereafter than in the first quarter.」
The company reconfirms the seasonality whereby student numbers and revenue increase from the second quarter onward due to courses and new enrollment, while personnel expenses, rent and other costs are incurred on a fixed basis. - FY2023-Q1RestatedAnnual report
「Accordingly, profitability in the first quarter is lower than from the second quarter onward.」
The company reconfirms the seasonality whereby student numbers and revenue increase from the second quarter onward due to courses and new enrollment, while personnel expenses, rent and other costs are incurred on a fixed basis. - FY2022-Q2RestatedAnnual report
「Accordingly, profitability tends to be higher in the second quarter and thereafter than in the first quarter.」
The company reconfirms the seasonality whereby student numbers and revenue increase from the second quarter onward due to courses and new enrollment, while personnel expenses, rent and other costs are incurred on a fixed basis. - FY2021-Q3RestatedAnnual report
「Accordingly, profitability tends to be higher in the second quarter and thereafter than in the first quarter.」
The company reconfirms the seasonality caused by higher student numbers and revenue from the second quarter onward due to courses and new enrollment, together with the incurrence of fixed costs. - FY2020RestatedAnnual report
「Accordingly, profitability tends to be lower in the first quarter than in the second quarter and thereafter.」
The company reconfirms the seasonality caused by higher revenue from the second quarter onward due to courses and new enrollment, together with the incurrence of fixed costs. - FY2020-Q3RestatedAnnual report
「Accordingly, profitability tends to be higher in the second quarter and thereafter than in the first quarter.」
The company reconfirms the seasonality whereby student numbers and revenue increase from the second quarter onward due to courses and new enrollment, while personnel expenses, rent and other costs are incurred on a fixed basis. - FY2019RestatedAnnual report
「Accordingly, profitability tends to be lower in the first quarter than in the second quarter and thereafter.」
The company reconfirms the seasonality caused by the timing gap between the increase in student numbers and revenue from the second quarter onward due to courses and new enrollment and the incurrence of fixed costs. - FY2019-Q3RestatedAnnual report
「Accordingly, profitability tends to be higher in the second quarter and thereafter than in the first quarter.」
The company reconfirms the seasonality whereby student numbers increase from the second quarter onward as students attend courses and enroll, while personnel expenses, rent and other costs are incurred on a fixed basis. - FY2019-Q2RestatedAnnual report
「Accordingly, profitability tends to be higher in the second quarter and thereafter than in the first quarter.」
The company reconfirms the seasonality whereby student numbers increase from the second quarter onward as students attend courses and enroll, while personnel expenses, rent and other costs are incurred on a fixed basis. - FY2019-Q1RestatedAnnual report
「Accordingly, profitability in the first quarter is lower than from the second quarter onward.」
The company reconfirms the seasonality whereby student numbers and revenue increase from the second quarter onward as students attend courses and enroll, while personnel expenses, rent and other costs are incurred on a fixed basis, resulting in lower first-quarter profitability. - FY2018RestatedAnnual report
「Accordingly, revenue tends to account for a larger proportion from the second quarter onward than in the first quarter.」
The company reconfirms the seasonality whereby revenue accounts for a larger proportion from the second quarter onward due to summer and winter courses and new enrollment, while fixed costs result in lower first-quarter profitability. - FY2018-Q3RestatedAnnual report
「Accordingly, profitability tends to be higher in the second quarter and thereafter than in the first quarter.」
The company reconfirms the seasonality whereby student numbers increase from the second quarter onward as course participants enroll, while personnel expenses, rent and other costs are incurred on a fixed basis, resulting in higher profitability from the second quarter onward than in the first quarter. - FY2018-Q2RestatedAnnual report
「Accordingly, profitability tends to be higher in the second quarter and thereafter than in the first quarter.」
The company reconfirms the seasonality whereby student numbers increase from the second quarter onward as regular students attend courses and enroll, while personnel expenses, rent and other costs are incurred on a fixed basis. - FY2018-Q1RestatedAnnual report
「Accordingly, profitability in the first quarter is lower than from the second quarter onward.」
The company reconfirms the seasonality whereby student numbers and revenue increase from the second quarter onward due to courses and new enrollment, while fixed costs are incurred monthly, resulting in lower first-quarter profitability. - FY2017-Q3ReframedAnnual report
「Accordingly, revenue tends to account for a larger proportion from the second quarter onward than in the first quarter.」
The description of seasonality has shifted from the previous explanation that first-quarter profitability is low to the wording that revenue accounts for a larger proportion from the second quarter onward. - FY2017-Q2RestatedAnnual report
「Accordingly, profitability tends to be higher in the second quarter and thereafter than in the first quarter.」
The company reconfirms the seasonality whereby student numbers increase from the second quarter onward due to courses and new enrollment, resulting in higher profitability than in the first quarter, while fixed costs are incurred. - FY2017-Q1RestatedAnnual report
「Accordingly, profitability in the first quarter is lower than from the second quarter onward.」
The explanation that first-quarter profitability is low due to seasonal fluctuations in student numbers from courses and new-term enrollment, together with fixed costs, is reiterated. - FY2016First statedAnnual report
「Accordingly, profitability tends to be lower in the first quarter than in the second quarter and thereafter.」
The explanation describes the seasonal fluctuation in student numbers resulting from summer and winter courses and new-year enrollment, and the timing gap relative to fixed personnel expenses, rent and other costs.