Acquisition of 水戸アカデミー as a subsidiary and expansion in the Ibaraki area

「Subsidiary Mito Academy opened Waseda Academy Individual Advancement School Mito School.」

「Consolidated subsidiary 株式会社水戸アカデミー will establish Waseda Academy Individual Advancement School Mito School as a new school opening in February 2023.」

「At consolidated subsidiary 株式会社水戸アカデミー, the initiative implemented in the fiscal year ended March 2019 to concentrate management resources at Mito Headquarters School produced results, resulting in substantial increases in revenue and profit. Progress in academic guidance was also smooth, with the number of students admitted to Ibaraki Prefectural Mito First High School reaching a record high for the company.」

「At subsidiary Mito Academy, demand for entrance-examination instruction for selective schools is high and the Mito Academy brand is well established in the area. To concentrate human resources at Mito Headquarters School and promote medium- to long-term business expansion, the company decided to close Hitachi School at the end of February, as its market potential was declining.」

「During the cumulative first 2 quarters of the current fiscal year, average enrollment during the period exceeded the year-earlier period at our company, 株式会社野田学園 and 株式会社水戸アカデミー. In addition, with 株式会社集学舎 becoming a consolidated subsidiary, enrollment increased substantially to 18,502 elementary students, up 13.8% year on year; 15,139 junior-high students, up 7.3%; 3,423 high-school students, up 5.7%; and 37,064 students in total, up 10.3%.」

「株式会社水戸アカデミー focused on attentive instruction directly linked to admission to students' desired schools and courses using our curriculum for entrance examinations to selective schools. As a result, its admissions results for selective schools, including Ibaraki Prefectural Mito First High School, improved, and earnings also remained solid.」

「The 2 consolidated subsidiaries, 株式会社野田学園 and 株式会社水戸アカデミー, also provided thorough, attentive instruction tailored to customer needs and worked to develop courses and strengthen instructor training by leveraging group synergies to improve admissions results for selective schools. They also worked to systematize business administration and develop their organizational structures to improve operational efficiency and strengthen internal controls.」

「The 2 consolidated subsidiaries, 株式会社野田学園 and 株式会社水戸アカデミー, provided thorough, attentive instruction tailored to customer needs to improve academic performance and help students gain admission to their desired schools, and worked to develop courses and strengthen instructor training by leveraging synergies with our company. They also worked to build systems and develop their organizational structures to improve the efficiency of administrative operations and strengthen internal controls.」

「The 2 consolidated subsidiaries, 株式会社野田学園 and 株式会社水戸アカデミー, focused on recruiting new students and provided thorough, attentive instruction tailored to customer needs, drawing on each company's strengths to improve academic performance and help students gain admission to their desired schools. They also worked to develop courses and strengthen instructor training by leveraging synergies with our company.」

「株式会社水戸アカデミー, which became a consolidated subsidiary in August 2015, focused on attentive instruction directly linked to admission to students' desired schools and courses using our curriculum for entrance examinations to selective schools. As a result, its admissions results for selective schools, including Ibaraki Prefectural Mito First High School, improved, and earnings also remained solid.」

「The 2 consolidated subsidiaries, 株式会社野田学園 and 株式会社水戸アカデミー, both worked to provide high-quality, attentive instruction that satisfies students and parents, as well as guidance aimed at admission to students' desired schools. In addition to recruiting new students, they focused on enrollment for summer and winter courses and training camps, which make a substantial contribution to earnings, and worked to control expenses. As a result, both companies' earnings progressed smoothly, exceeding plan.」

「The company decided that this business combination would enhance corporate value by making 株式会社アカデミー a subsidiary, sharing expertise in helping students pass top public high schools, further improving results in admissions to the most selective public high schools in each region, and, in the future, expanding the Mito Academy brand in Ibaraki and developing new markets for the Success 18 brand, a cram school specializing in entrance examinations for selective universities for current high school students.」