Long-term Impact of the Declining Birthrate on Education and Sports Businesses
First written in FY2016. 8 of 9 entries say "Restated". Latest entry: 2026-08-07.
The whole theme swung hardest in 2025: 4 of 14 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「In the cram-school industry, the market continues to stagnate as a result of the declining birth rate, while new operating models are required.」
The company reiterated its view that the declining birthrate is affecting the education business and other operations. - FY2024RestatedAnnual report
「Our group’s principal businesses are education, specifically cram schools, and sports, specifically sports clubs. As both businesses serve children, they may be affected by declining birth rates over the long term.」
We are reiterating that the education and sports businesses may be affected by declining birth rates over the long term. - FY2022RestatedAnnual report
「Our group’s principal businesses are education, specifically cram schools, and sports, specifically sports clubs. As both businesses serve children, they may be affected by declining birth rates over the long term.」
We are reiterating that the education and sports businesses may be affected by declining birth rates over the long term. - FY2021RestatedAnnual report
「Our group’s principal businesses are education, specifically cram schools, and sports, specifically sports clubs. As both businesses serve children, they may be affected by declining birth rates over the long term.」
We are reiterating that the education and sports businesses may be affected by declining birth rates over the long term. - FY2020RestatedAnnual report
「Our group’s principal businesses are education, specifically cram schools, and sports, specifically sports clubs. As both businesses serve children, they may be affected by declining birth rates over the long term.」
We are reiterating that the education and sports businesses may be affected by declining birth rates over the long term. - FY2019RestatedAnnual report
「Our principal businesses are education, specifically cram schools, and sports, specifically soccer schools. As both businesses serve children, they may be affected by declining birth rates over the long term.」
We are reiterating that the education and sports businesses may be affected by declining birth rates over the long term. - FY2018RestatedAnnual report
「Our principal businesses are education, specifically cram schools, and sports, specifically soccer schools. As both businesses serve children, they may be affected by declining birth rates over the long term.」
We are reiterating that the education and sports businesses may be affected by declining birth rates over the long term. - FY2017RestatedAnnual report
「Our principal businesses are education, specifically cram schools, and sports, specifically soccer schools. As both businesses serve children, they may be affected by declining birth rates over the long term.」
We are reiterating that the education and sports businesses may be affected by declining birth rates over the long term. - FY2016First statedAnnual report
「Our principal businesses are education, specifically cram schools, and sports, specifically soccer schools. As both businesses serve children, they may be affected by declining birth rates over the long term.」
We disclose the risk that our principal businesses serving children may be affected by declining birth rates over the long term.