Worth reading
69In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
102.6
% (year-on-year change in net income attributable to owners of the parent for the consolidated cumulative second quarter)Wording
Conditional
How definitive the wording is.Revised forecast
Fiscal Year Ended March 2022 · Cumulative second quarter and full yearPrevious forecast published 10 May 2021Net Sales—→—million
—
Operating profit—→—million
—
Ordinary income—→—million
—
Profit attributable to owners of the parent—→—million
—
Net income per share—→—yen and sen
—
The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Reason for the revision
Strong enrollment at existing schools and the 3 new schools opened for the summer has continued, while applications from new and general students for the summer courses substantially exceeded the plan, approaching 5,000. Raw material, labor and other costs are expected to exceed the initial budget, while advertising, sales promotion, telecommunications and other expenses are expected to come in below plan. For the full fiscal year, the company reviewed its student enrollment budget, variable costs, employee bonuses, and facility-related expenses for school properties in light of trends in new inquiries and enrollment and the expected impact of the COVID-19 pandemic.
Previous-period resultsConsolidated, previous cumulative second-quarter results: net sales ¥11,943 million, operating income ¥332 million, ordinary income ¥338 million, net income attributable to owners of the parent ¥96 million, and net income per share ¥6.08. Consolidated, previous full-year results: net sales ¥25,453 million, operating income ¥1,064 million, ordinary income ¥1,077 million, net income attributable to owners of the parent ¥529 million, and net income per share ¥33.13. Non-consolidated, previous cumulative second-quarter results: net sales ¥11,254 million, ordinary income ¥511 million, net income ¥319 million, and net income per share ¥20.17. Non-consolidated, previous full-year results: net sales ¥23,985 million, ordinary income ¥1,195 million, net income ¥733 million, and net income per share ¥45.91.
Consolidated / non-consolidatedConsolidated / non-consolidated (standalone)
| Item | Details |
|---|---|
| Net Sales | Consolidated, cumulative second quarter: 13,323; consolidated, full year: 27,633; non-consolidated, cumulative second quarter: 12,553; non-consolidated, full year: 26,075 → Consolidated, cumulative second quarter: 13,712; consolidated, full year: 28,370; non-consolidated, cumulative second quarter: 12,932; non-consolidated, full year: 26,796（Consolidated, cumulative second quarter: 2.9; consolidated, full year: 2.7; non-consolidated, cumulative second quarter: 3.0; non-consolidated, full year: 2.8） |
| Operating profit | Consolidated, cumulative second quarter: 460; consolidated, full year: 1,217 → Consolidated, cumulative second quarter: 827; consolidated, full year: 1,591（Consolidated, cumulative second quarter: 79.8; consolidated, full year: 30.7） |
| Ordinary income | Consolidated, cumulative second quarter: 462; consolidated, full year: 1,219; non-consolidated, cumulative second quarter: 506; non-consolidated, full year: 1,249 → Consolidated, cumulative second quarter: 825; consolidated, full year: 1,587; non-consolidated, cumulative second quarter: 846; non-consolidated, full year: 1,596（Consolidated, cumulative second quarter: 78.2; consolidated, full year: 30.2; non-consolidated, cumulative second quarter: 67.1; non-consolidated, full year: 27.8） |
| Profit attributable to owners of the parent | Consolidated, cumulative second quarter: 245; consolidated, full year: 672; non-consolidated, cumulative second quarter: 328; non-consolidated, full year: 769 → Consolidated, cumulative second quarter: 496; consolidated, full year: 925; non-consolidated, cumulative second quarter: 562; non-consolidated, full year: 1,006（Consolidated, cumulative second quarter: 102.6; consolidated, full year: 37.6; non-consolidated, cumulative second quarter: 71.0; non-consolidated, full year: 30.8） |
| Net income per share | Consolidated, cumulative second quarter: 13.01; consolidated, full year: 35.68; non-consolidated, cumulative second quarter: 17.45; non-consolidated, full year: 40.79 → Consolidated, cumulative second quarter: 26.36; consolidated, full year: 49.09; non-consolidated, cumulative second quarter: 29.84; non-consolidated, full year: 53.36 |
| Fiscal Period Covered | Fiscal Year Ended March 2022 |
| Period Covered | Cumulative second quarter and full year |
| Publication date of previous forecast | 10 May 2021 |
| Previous-period results | Consolidated, previous cumulative second-quarter results: net sales ¥11,943 million, operating income ¥332 million, ordinary income ¥338 million, net income attributable to owners of the parent ¥96 million, and net income per share ¥6.08. Consolidated, previous full-year results: net sales ¥25,453 million, operating income ¥1,064 million, ordinary income ¥1,077 million, net income attributable to owners of the parent ¥529 million, and net income per share ¥33.13. Non-consolidated, previous cumulative second-quarter results: net sales ¥11,254 million, ordinary income ¥511 million, net income ¥319 million, and net income per share ¥20.17. Non-consolidated, previous full-year results: net sales ¥23,985 million, ordinary income ¥1,195 million, net income ¥733 million, and net income per share ¥45.91. |
| Reason for the revision | Strong enrollment at existing schools and the 3 new schools opened for the summer has continued, while applications from new and general students for the summer courses substantially exceeded the plan, approaching 5,000. Raw material, labor and other costs are expected to exceed the initial budget, while advertising, sales promotion, telecommunications and other expenses are expected to come in below plan. For the full fiscal year, the company reviewed its student enrollment budget, variable costs, employee bonuses, and facility-related expenses for school properties in light of trends in new inquiries and enrollment and the expected impact of the COVID-19 pandemic. |
| Consolidated / non-consolidated | Consolidated / non-consolidated (standalone) |
Items this document does not state (2)
Details and amount of extraordinary lossDividend forecast revision
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.Net sales were revised upward because enrollment at existing and newly opened schools was strong, and applications for the summer courses substantially exceeded the plan. While raw material, labor and other costs are expected to increase, advertising, sales promotion, telecommunications and other expenses are expected to come in below plan. For the full fiscal year, the company also reviewed its student enrollment budget, variable costs, bonuses, and facility-related expenses for school properties.
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