Revised forecast
Fiscal year ending March 2027 · Six months ending June 2026, full yearPrevious forecast published 12 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Revenue exceeded the forecast because the number of students enrolled at the cram schools remained above plan and attendance at the summer camps and intensive summer training programs was strong. Cost of sales and selling, general and administrative expenses are also expected to come in below plan because some advertising and promotional initiatives, DX-related investments and capital expenditures were moved to the second half, while operating efficiency gains from the increase in students per school reduced personnel expenses below budget. The full-year forecast was also revised upward following a detailed review of the revenue outlook based on current enrollment trends and a review of various expenses from the third quarter onward.
| Item | Details |
|---|---|
| Net Sales | 2Q cumulative 19,775 / Full year 40,520 → 2Q cumulative 20,066 / Full year 40,900（2Q cumulative 101.5 / Full year 100.9） |
| Operating profit | 2Q cumulative 1,867 / Full year 4,239 → 2Q cumulative 2,538 / Full year 4,770（2Q cumulative 135.9 / Full year 112.5） |
| Ordinary income | 2Q cumulative 1,887 / Full year 4,274 → 2Q cumulative 2,534 / Full year 4,780（2Q cumulative 134.3 / Full year 111.8） |
| Profit attributable to owners of the parent | 2Q cumulative 1,135 / Full year 2,752 → 2Q cumulative 1,570 / Full year 3,080（2Q cumulative 138.3 / Full year 111.9） |
| Net income per share | 2Q cumulative 61.41 / Full year 148.79 → 2Q cumulative 85.68 / Full year 169.76 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Six months ending June 2026, full year |
| Publication date of previous forecast | 12 May 2026 |
| Previous-period results | Cumulative first two quarters: revenue ¥18,272 million, operating profit ¥1,667 million, ordinary profit ¥1,678 million, interim net income attributable to owners of the parent ¥1,059 million, and interim net income per share ¥57.32. Full year: revenue ¥37,658 million, operating profit ¥3,960 million, ordinary profit ¥3,968 million, net income attributable to owners of the parent ¥2,487 million, and net income per share ¥134.61. |
| Reason for the revision | Revenue exceeded the forecast because the number of students enrolled at the cram schools remained above plan and attendance at the summer camps and intensive summer training programs was strong. Cost of sales and selling, general and administrative expenses are also expected to come in below plan because some advertising and promotional initiatives, DX-related investments and capital expenditures were moved to the second half, while operating efficiency gains from the increase in students per school reduced personnel expenses below budget. The full-year forecast was also revised upward following a detailed review of the revenue outlook based on current enrollment trends and a review of various expenses from the third quarter onward. |
| Dividend forecast revision | The year-end dividend forecast was increased by ¥10 from ¥45 to ¥55 per share, and the annual dividend forecast was revised from ¥75 to ¥85. The annual dividend is an increase of ¥30 year on year. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.Revenue exceeded the forecast because the number of students enrolled at the cram schools surpassed the plan and attendance at the summer camps and intensive summer training programs was strong. In addition, some advertising and promotional initiatives, DX-related investments and capital expenditures were moved to the second half, while operating efficiency gains from the increase in students per school reduced personnel expenses below budget. As a result, expenses are also expected to come in below plan. The dividend was increased based on the revision to the full-year earnings forecast and the basic dividend policy of targeting a payout ratio of 50% or higher.