Competition with Competitors in Admission Results

「In addition, as the school-age population continues to decline due to the falling birth rate and new entrants from other industries enter the market, competition among companies is becoming increasingly severe.」

「In addition, as the birth rate continues to decline, moves toward industry restructuring through M&A and business alliances have become more active, and competition among companies is becoming increasingly severe.」

「In addition, as the decline in the school-age population caused by the declining birthrate continues amid difficult economic conditions, competition among companies is becoming increasingly intense, including as a result of new entrants from other industries.」

「In response to these demands, the development and provision of new services to meet changes in the business environment and students' and parents' increasingly diverse needs, including online education via the internet and educational content using AI, are advancing rapidly.」

「In the education industry, amid preparations for the 2020 education system reforms, including the launch of the Common Test for University Admissions and the transition to the new Courses of Study, the spread of educational services using digital technology and moves by companies from other industries and start-ups to enter the industry have also accelerated, intensifying competition to differentiate services.」

「The Group seeks to differentiate itself from competitors and secure and increase the number of enrolled students by, among other means, increasing the number of successful applicants to highly selective schools. However, if the number of successful applicants from the Group declines, competitors' results improve relatively, or the Group is unable to provide appropriate educational services that meet students' needs, the number of enrolled students may decline, affecting business performance.」

「In the cram-school industry, the market is reaching a ceiling as the birth rate declines, while competition among industry peers for students is intensifying. Efforts to expand earnings, including preparations for reforms to the university entrance examination system and the introduction of English as a formal subject in elementary schools, as well as the development of learning support services using ICT, are becoming increasingly active.」

「In the cram school industry, as competition to attract students continues to intensify, companies are becoming increasingly active in responding to education-system reforms promoted by the government, expanding into early childhood education, childcare and nursing care, and developing learning-support services using ICT.」

「There are many competitors in the regions where our Group operates. Our Group seeks to differentiate itself from competitors and secure and increase the number of students by increasing the number of successful candidates in entrance examinations for highly selective schools. However, if the admissions results of students from our Group decline, if competitors' admissions results improve relative to ours, or if we fail to provide appropriate educational services that meet students' needs, the number of students may decline, affecting business performance.」