Relocation and Closure of Unprofitable Branches and Concentration of Management Resources
First written in FY2016. 32 of 37 entries say "Advanced", first in FY2017-Q3. Latest entry: 2026-10-27.
3 other companies' latest entry also says "Advanced".
- 2026-10-27AdvancedOccurring Fact
「As part of our growth strategy, we are promoting a scrap-and-build program to optimize school placement. Based on this policy, at a meeting of the Board of Directors held on 27 October 2026, we decided to close 1 school in Kanagawa prefecture where securing sufficient student numbers had become difficult due to changes in the market environment and other factors.」
Based on its policy of optimizing school placement through a scrap-and-build program, the company decided to close 1 school in Kanagawa prefecture. School selection and closures have now become more concrete. - FY2026AdvancedAnnual report
「Although the Company closed 11 schools at the end of the previous period to optimise the school network, overall sales exceeded the previous year. … For 3 hub schools in Hokkaido, Yamanashi Prefecture and Miyagi Prefecture, the Company decided to relocate them to well-located properties near the current schools when their leases expired, thereby reducing the rent burden.」
In addition to closing 11 schools at the end of the previous period, the Company decided to relocate 3 hub schools in Hokkaido, Yamanashi Prefecture and Miyagi Prefecture to well-located properties upon lease expiration. The optimisation of the school network and portfolio optimisation have become even more concrete. - FY2026-H1AdvancedAnnual report
「Due to the heavy current rent burden at a school in Hokkaido and the expiration of its lease in May 2027, the Company decided to relocate it in March 2026 to a newly built, well-located property near the current school.」
Based on the rent burden and lease expiration, the Company decided to relocate 1 school in Hokkaido to a newly built, well-located property. The selection and relocation of schools is progressing according to a specific schedule. - FY2025-H1AdvancedAnnual report
「In extraordinary income and losses, the Company recognised an expense for provision for store closure losses relating to rent during the removal and demolition period for former school buildings following relocations to better-located sites during the current period.」
The Company relocated schools to better-located sites and recognised costs relating to the removal and demolition period for the former buildings. The selection and relocation of schools have moved into the implementation stage. - FY2024AdvancedAnnual report
「The Company recognised impairment losses for 6 schools where September and March enrolment was weak relative to the original plan and 3 schools for which a decision to relocate had been made. In addition, for 3 schools whose relocation to better-located sites is being arranged for the next fiscal year, additional costs identified as incurred were recognised as an expense for provision for store closure losses.」
Impairment losses were recognised for 6 schools with weak enrolment and 3 schools scheduled for relocation. In addition, closure-related costs were provided for 3 schools scheduled for relocation next fiscal year. The selection and relocation of schools has become concrete over the full year. - FY2024-Q3AdvancedAnnual report
「In extraordinary income and losses, the Company recognised impairment losses for 1 school where September enrolment was weak relative to the original plan and 1 school for which a decision to relocate had been made.」
Impairment losses were recognised for 1 school where September enrolment was weak and 1 school scheduled for relocation. The selection and relocation of schools based on profitability are progressing. - FY2024-Q2AdvancedAnnual report
「In extraordinary income and losses, the Company recognised impairment losses for 1 school where September enrolment was weak relative to the original plan and 1 school for which a decision to relocate had been made.」
Impairment losses were recognised for a total of 2 schools, comprising 1 school with weak September enrolment and 1 school scheduled for relocation. The selection and relocation of schools and the review of management resources are progressing. - FY2024-Q1AdvancedAnnual report
「This was primarily because land decreased following the sale of schools closed at the end of the previous period and construction cooperation funds were recovered.」
The Company sold schools closed at the end of the previous period, and the reorganisation of assets following the selection and closure of schools is progressing in concrete terms. - FY2023RestatedAnnual report
「The Company will continue to close schools whose student numbers have fallen below the break-even point due to a shrinking market and other factors, while opening new schools in areas where sales and profits are expected and pursuing portfolio optimisation.」
The Company continues its portfolio optimisation policy of combining the closure of schools operating below the break-even point with the opening of new schools in areas where profitability is expected. - FY2023-Q3AdvancedAnnual report
「After reviewing future profitability based on the number of lower-grade students and market conditions as of the end of September and December, the Company decided to close 11 schools.」
Based on the number of lower-grade students, market conditions and future profitability, the Company progressed from the 7 school closures disclosed previously to a decision to close 11 schools. It also recognised an expense for provision for closure losses and impairment losses. - FY2023-Q2AdvancedAnnual report
「After reviewing the future profitability of each school based on the number of lower-grade students and market conditions as of the end of September, the Company decided to close 7 schools. Accordingly, it recognised an expense for provision for store closure losses and impairment losses.」
The Company reviewed the profitability of each school based on the number of lower-grade students and market conditions and decided to close 7 schools. The selection of schools and concentration of management resources continues to become more concrete. - FY2022AdvancedAnnual report
「The Company will continue to close schools whose student numbers have fallen below the break-even point due to a shrinking market and other factors, while opening new schools in areas where sales and profits are expected and pursuing portfolio optimisation.」
The Company has stated its policy of continuing portfolio optimisation by combining the closure of schools operating below the break-even point with the opening of new schools in areas where profitability is expected. In terms of results, it recognised impairment losses of ¥217 million, including for schools scheduled for closure or relocation. - FY2022-Q3AdvancedAnnual report
「In extraordinary income and losses, the Company decided to close an additional 5 schools during the third quarter of the current consolidated fiscal year in order to selectively concentrate resources. Accordingly, it recognised impairment losses and other costs.」
To selectively concentrate resources, the Company decided to close an additional 5 schools during the third quarter and recognised impairment losses and other costs associated with the closures. - FY2022-Q2AdvancedAnnual report
「In extraordinary income and losses, the Company recognised an expense for provision for store closure losses or impairment losses for 3 schools where September enrolment was weak relative to the original plan and 9 schools whose closure or relocation was decided during the current consolidated fiscal year after considering student numbers in April and September.」
Following the closure of unprofitable schools at the end of the previous period, the Company recognised closure-related losses and impairment losses for 3 schools with weak September enrolment and 9 schools whose closure or relocation was decided based on student numbers. The selection of schools and concentration of management resources continues to become more concrete. - FY2022-Q1AdvancedAnnual report
「After considering student numbers in April following the spring courses, the Company decided to close 2 schools during the first quarter of the current consolidated cumulative period. Accordingly, it recognised an expense for provision for store closure losses.」
Based on student numbers after the spring courses, the Company decided to close 2 schools in the first quarter and recognised a provision for closure losses. The selection and closure of schools continues to become more concrete. - FY2021AdvancedAnnual report
「In extraordinary income and losses, the Company decided to close 19 schools at the end of the current period in order to selectively concentrate personnel in priority areas. As a result, it recognised an expense for provision for store closure losses and impairment losses.」
Following the closure of 15 unprofitable schools at the end of the previous period, the Company decided at the end of the current period to close 19 schools in order to concentrate personnel in priority areas. It also recognised an expense for provision for closure losses and impairment losses, further advancing the selection of schools and portfolio optimisation. - FY2021-Q3AdvancedAnnual report
「In extraordinary income and losses, the Company decided to close 18 schools at the end of the current period in order to selectively concentrate personnel in priority areas. As a result, it recognised an expense for provision for store closure losses and impairment losses.」
To concentrate personnel in priority areas, the Company decided at the end of the current period to close 18 schools and recognised closure-related losses. Following the closure of 15 unprofitable schools at the end of the previous period, the selection and closure of schools has become even more concrete. - FY2021-Q2AdvancedAnnual report
「In operating expenses, staffing was made more efficient following the closure of 15 unprofitable schools at the end of the previous period, while cost of sales, including rent, utilities and school maintenance costs, declined substantially.」
The Company reports staffing efficiencies and a substantial decline in school-related costs following the closure of 15 unprofitable schools at the end of the previous period. It also recognised an impairment loss for 1 school whose closure at the end of the current period was decided, and the selection and closure of schools continues to become more concrete. - FY2020AdvancedAnnual report
「In addition, the Company recognised impairment losses and expenses for provision for store closure losses for 5 schools where September and March enrolment was weak relative to the original plan and 15 schools whose closure at the end of the current period was decided after reviewing investment efficiency.」
For 5 schools with weak enrolment and 15 schools whose closure at the end of the current period was decided based on investment efficiency, the Company recognised impairment losses and provisions for closure losses. The selection and closure of schools is becoming more concrete. - FY2020-Q3AdvancedAnnual report
「In extraordinary income and losses, the Company recognised a gain on the sale of fixed assets from selling schools it owned in connection with relocations, and received insurance proceeds for soil replacement work necessitated by a kerosene leak at some schools. At the same time, it recognised impairment losses and expenses for provision for store closure losses for 4 schools where September enrolment was weak relative to the original plan and 15 schools whose closure at the end of the current period was decided after reviewing investment efficiency.」
In addition to 4 schools with weak September enrolment, the Company recognised losses for 15 schools whose closure at the end of the current period was decided after reviewing investment efficiency. The selection and closure of schools is moving forward. - FY2020-Q2AdvancedAnnual report
「In extraordinary income and losses, the Company recognised a gain on the sale of fixed assets from selling schools it owned as its own properties in connection with relocations, while also recognising impairment losses for 4 schools where September enrolment was weak relative to the original plan and 2 schools scheduled for closure at the end of the current period.」
Impairment losses were recognised for 4 schools where September enrolment was weak and 2 schools scheduled for closure at the end of the current period. The selection and closure of schools is progressing in concrete terms. - FY2020-Q1AdvancedAnnual report
「In extraordinary income and losses, the Company recognised a gain on the sale of fixed assets from selling schools it owned as its own properties in connection with school relocations.」
The Company has sold schools it owned in connection with relocations, making the relocation and selection of schools and the review of management resources more concrete. - FY2019AdvancedAnnual report
「In extraordinary income and losses, the Company recognised impairment losses for 14 schools where September and March enrolment was weak relative to the original plan, 4 schools scheduled for relocation and 2 schools scheduled for closure.」
Impairment losses were recognised for 14 schools with weak enrolment, 4 schools scheduled for relocation and 2 schools scheduled for closure. Together with the opening of 20 new schools, the Company’s school portfolio optimisation is progressing in concrete terms. - FY2019-Q3AdvancedAnnual report
「In extraordinary income and losses, the Company recognised impairment losses for 4 schools where September enrolment was weak relative to the original plan, 3 schools scheduled for relocation and 2 schools scheduled for closure.」
Impairment losses were recognised for 4 schools with weak September enrolment, 3 schools scheduled for relocation and 2 schools scheduled for closure. The selection, relocation and closure of schools is progressing in concrete terms. - FY2019-Q2AdvancedAnnual report
「In extraordinary income and losses, the Company recognised impairment losses for 4 schools where September enrolment was weak relative to the original plan and 1 school scheduled for relocation.」
Impairment losses were recognised for 4 schools where September enrolment was weak and 1 school scheduled for relocation. The selection and relocation of schools is progressing in concrete terms. - FY2018AdvancedAnnual report
「Of the 8 schools relocated or closed at the end of the current consolidated fiscal year, the Company recognised store closure losses and an expense for provision for store closure losses relating to cancellation fees and other costs for 5 leased schools. It also recognised impairment losses for 9 schools where September and March enrolment was weak relative to the original plan and 2 schools scheduled for closure.」
Of the 8 schools relocated or closed, 5 were leased premises. Impairment losses were recognised for 9 schools with weak enrolment and 2 schools scheduled for closure. The selection and closure of schools and the concentration of management resources have become even more concrete since the previous quarter. - FY2018-Q3AdvancedAnnual report
「In extraordinary income and losses, the Company recognised an expense for provision for store closure losses relating to cancellation fees and other costs for 7 schools whose closure was decided at the end of the current consolidated fiscal year, and recognised impairment losses for 3 schools where September enrolment was weak relative to the original plan and 2 schools scheduled for closure.」
At the end of the current consolidated fiscal year, the Company decided to close 7 schools and recognised impairment losses for 3 schools where September enrolment was weak and 2 schools scheduled for closure. The selection and closure of schools has become even more concrete since the previous quarter. - FY2018-Q2AdvancedAnnual report
「In extraordinary income and losses, the Company recognised an expense for provision for store closure losses relating to cancellation fees and other costs for 6 schools whose closure was decided at the end of the current consolidated fiscal year, and recognised impairment losses for 3 schools where September enrolment was weak relative to the original plan and 2 schools scheduled for closure.」
At the end of the current fiscal year, the Company decided to close 6 schools and recognised impairment losses for 3 schools with weak September enrolment and 2 schools scheduled for closure. The selection and closure of schools is progressing in concrete terms. - FY2018-Q1RestatedAnnual report
「③ At schools where student numbers have declined due to a shrinking market and other factors, proceed with relocations to leased premises to build a sound corporate structure and establish a profitable operating model.」
The Company continues to pursue the relocation of unprofitable schools and schools with declining student numbers to leased premises and the establishment of a profitable operating model. In terms of results, it states that rent and other costs declined following the closure of unprofitable schools. - FY2017AdvancedAnnual report
「In addition, the Company recognised impairment losses for 3 schools where September and March enrolment was weak relative to the original plan and 1 school scheduled for closure, and recognised cancellation fees and other costs for 10 schools whose closure was decided at the end of the current consolidated fiscal year as store closure losses and an expense for provision for store closure losses in extraordinary losses.」
In addition to impairment losses for 3 underperforming schools and 1 school scheduled for closure, the Company decided at the end of the year to close 10 schools and recognised cancellation fees and other costs. The selection and closure of schools is moving forward. - FY2017-Q3AdvancedAnnual report
「In extraordinary income and losses, the Company recognised impairment losses for 1 school where September enrolment was weak relative to the original plan and 1 school scheduled for closure, and recognised cancellation fees and other costs for schools scheduled for closure at the end of the current period as an expense for provision for store closure losses.」
Impairment losses were recognised for 1 school with weak September enrolment and 1 school scheduled for closure, while cancellation fees and other costs for schools scheduled to close at the end of the current period were also recognised. The selection and closure of schools is becoming more concrete. - FY2017-Q2RestatedAnnual report
「At schools where student numbers have declined due to a shrinking market and other factors, the Company is proceeding with relocations to leased premises to build a sound corporate structure and establish a profitable operating model.」
The Company continues to relocate schools to leased premises and reduce costs. In addition, it decided to recognise an impairment loss for 1 school where September enrolment was weak. - FY2017-Q1RestatedAnnual report
「At schools where student numbers have declined due to a shrinking market and other factors, the Company is proceeding with relocations to leased premises to build a sound corporate structure and establish a profitable operating model.」
The Company continues to relocate schools to leased premises and build a profitable operating model. It also refers to staffing efficiencies and cost reductions resulting from relocations and closures in the previous period. - FY2016First statedAnnual report
「The Company has closed schools whose performance deteriorated substantially due to factors including a shrinking market and competitive conditions, and has concentrated management resources on divisions where performance is expected to improve.」
The Company relocated and closed some schools, improved staffing efficiency and reduced rent and other costs. In the current period, impairment losses were recognised for a total of 23 schools, including 3 schools and 20 schools.