Support for overseas partner preparatory schools and overseas-returnee students by the International Department

「At our overseas subsidiaries as well, the number of online students from other countries has increased, contributing to an expansion of the customer base.」

「In December, we also began accepting applications for the group-instruction schools Tamachi School and the returnee-student school LOGOS AKADEMEIA, which are scheduled to open in February 2023. The new LOGOS AKADEMEIA brand for returnee students was established based on the concept of further developing and expanding the language skills that returnee students possess, while also fostering their thinking and reasoning abilities. More parents than expected have attended each school information session, giving us confidence in the future development of this business in a new area.」

「At the Online School, which opened last fiscal year, we have established a system enabling sixth-grade elementary school and third-year junior high school students living outside the Tokyo metropolitan area or overseas to take the in-person classes of the NN Target-School Courses and the Winning Target-School Courses online through interactive web classes using Zoom.」

「Among the subsidiaries, the high-school graduate division of 株式会社野田学園 has been somewhat more severely affected by the COVID-19 pandemic since the beginning of the period, but all other subsidiaries, including overseas subsidiaries, reported year-on-year increases in revenue and profit and exceeded budget, continuing to perform steadily.」

「Among the subsidiaries, the high-school graduate division of 株式会社野田学園 has been somewhat more severely affected by the COVID-19 pandemic, but all other subsidiaries, including overseas subsidiaries, reported year-on-year increases in revenue and profit and exceeded budget, continuing to perform well.」

「At the 2 overseas subsidiaries, restrictions on going out continued during the COVID-19 pandemic, preventing in-person classes. The subsidiaries therefore focused on providing continuous instruction through interactive web-based classes, and student numbers at both the New York and London schools exceeded the previous fiscal period and remained firm.」

「Although the 2 overseas subsidiaries have been significantly affected by the COVID-19 pandemic in operating classes, student numbers at both the New York and London schools have exceeded the year-earlier period and continued to perform steadily.」

「The 2 overseas subsidiaries that joined the Group in the previous consolidated fiscal year have both continued to perform steadily, with student numbers exceeding levels before they became subsidiaries despite the COVID-19 pandemic.」

「The 2 overseas subsidiaries, WASEDA ACADEMY USA CO.,LTD. and WASEDA ACADEMY UK CO.,LTD, have also seen steady growth in student numbers since opening on 1 September last year. Together with the overseas preparatory-school business conducted through the business alliance with 株式会社学研スタディエ and its overseas subsidiaries in Singapore, Vietnam and Taiwan, the Company will focus on improving admissions results for returnee students and increasing its market share among overseas-resident and returnee students.」

「WASEDA ACADEMY UK CO.,LTD (head office: London, UK) was established on 21 May, the Waseda Academy London school opened on 1 September, and SHINKENSHA U.S.A. INCORPORATED (head office: New York, US) became a wholly owned subsidiary on 31 July, followed by the opening of the Waseda Academy New York school on 1 September. The Company also entered into a business alliance agreement with 株式会社学研スタディエ and its overseas subsidiaries in Singapore, Vietnam and Taiwan concerning an overseas preparatory-school business under the Waseda Academy brand. The Company expects this to lead to improved admissions results for returnee students and expansion of its overseas business.」

「As WASEDA ACADEMY UK CO.,LTD was newly established from the first quarter of the current consolidated fiscal year, it has been included in the scope of consolidation. In addition, SHINKENSHA U.S.A. INCORPORATED (head office: New York, United States) became a wholly owned subsidiary of the Company on 31 July. Preparations are currently under way to operate it as a directly managed school, and it is expected to provide a foundation for expanding operations in the field of entrance examinations for returnee students and developing overseas business.」

「Centered on the International Division established in the current fiscal year, the Company worked to strengthen cooperation with overseas partner schools and enhance academic instruction and entrance examination support for overseas and returnee students.」