Increase in education business expenses due to extensive restructuring
First written in FY2018-Q2. 12 of 16 entries say "Mitigated", first in FY2019-Q3. Latest entry: FY2026.
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- FY2026MitigatedAnnual report
「There was no revenue. The segment loss (operating loss) was ¥13 million (a segment loss (operating loss) of ¥15 million in the same period of the previous year).」
Although the education business continued to generate no revenue following its discontinuation, the loss from maintaining the business locations and other costs narrowed from ¥15 million to ¥13 million. - FY2025MitigatedAnnual report
「Although there was no revenue, the segment loss (operating loss) was ¥15 million due to costs incurred to maintain the business locations.」
Although the education business continued to generate no revenue while incurring maintenance costs, the loss narrowed from ¥17 million in the previous period to ¥15 million. - FY2024MitigatedAnnual report
「Education business Although there was no revenue, costs were incurred to maintain the business locations, resulting in a segment loss (operating loss) of ¥17 million (a segment loss of ¥19 million in the same period of the previous year).」
Although the education business continued to generate no revenue while incurring maintenance costs, the segment loss narrowed from ¥19 million in the same period of the previous year to ¥17 million. - FY2024-Q3MitigatedAnnual report
「Although there was no revenue, the segment loss (operating loss) was ¥13 million, compared with a segment loss of ¥14 million in the same quarter of the previous year, due to costs incurred to maintain the business locations.」
Although the education business continued to generate no revenue while incurring maintenance costs, the segment loss narrowed slightly from ¥14 million in the same quarter of the previous year to ¥13 million. - FY2023MitigatedAnnual report
「There was no revenue because franchise royalties were no longer recognised, but costs were incurred to maintain the business locations. The segment loss (operating loss) was ¥19 million (a segment loss of ¥24 million in the same period of the previous year).」
Although the education business continued to generate no revenue while incurring maintenance costs, the segment loss narrowed from ¥24 million in the same period of the previous year to ¥19 million. - FY2023-Q3MitigatedAnnual report
「Although there was no revenue, the segment loss (operating loss) was ¥14 million, compared with a segment loss of ¥19 million in the same quarter of the previous year, due to costs incurred to maintain the business locations.」
Although the education business continued to generate no revenue while incurring maintenance costs, the segment loss narrowed from ¥19 million in the same quarter of the previous year to ¥14 million. - FY2021MitigatedAnnual report
「As the company's company-operated cram-school business ended in the previous fiscal year, revenue consisted solely of franchise royalties and amounted to ¥6 million. The segment loss (operating loss) was ¥23 million.」
The full-year segment loss after the education business withdrew from directly operated facilities and converted them to franchised operations was ¥23 million, down from the previous period's loss in the education business and other operations. - FY2020MitigatedAnnual report
「An extraordinary loss of ¥38 million was recognised. This mainly reflected impairment losses of ¥22 million, primarily in the education business and other operations, and an impairment loss of ¥15 million on shares in subsidiaries.」
Although impairment losses occurred in the education business and other operations, the education business segment loss narrowed from ¥101 million in the same period of the previous year to ¥39 million. - FY2020-Q3MitigatedAnnual report
「Due to the impact of the full conversion of cram-school locations to franchised operations, revenue was ¥13 million, down 83.6% from ¥85 million in the same quarter of the previous year. However, the segment loss (operating loss) narrowed to ¥30 million from ¥77 million in the same quarter of the previous year as a result of restructuring.」
Due to the effects of restructuring, the education business segment loss narrowed from ¥77 million in the same period of the previous year to ¥30 million. - FY2020-Q2MitigatedAnnual report
「Due to the impact of the full conversion of cram-school locations to franchised operations, revenue was ¥9 million, down 85.2% from ¥63 million in the same quarter of the previous year, and the segment loss (operating loss) was ¥16 million, compared with a segment loss of ¥50 million in the same quarter of the previous year.」
Although the effects of the full conversion to franchised operations remain, the education business segment loss narrowed from ¥50 million in the same period of the previous year to ¥16 million. - FY2019MitigatedAnnual report
「Following the full conversion of cram school campuses to franchised operations in December, revenue was ¥92 million, down 53.6% from ¥198 million in the same period of the previous year. The segment loss (operating loss) was ¥101 million (a segment loss of ¥125 million in the same period of the previous year).」
The education business loss narrowed from ¥125 million in the previous period to ¥101 million. Although the effects of restructuring and business reorganisation remain, the loss has declined since the conversion to franchised operations. - FY2019-Q3MitigatedAnnual report
「The segment loss (operating loss) was ¥77 million due to the effects of restructuring (a segment loss of ¥93 million in the same quarter of the previous year).」
Although the impact of restructuring remains, the education business segment loss narrowed from ¥93 million in the previous period to ¥77 million due to the effects of restructuring. - FY2019-Q2RestatedAnnual report
「Due to the impact of declines in the number of classrooms and students and higher restructuring-related expenses compared with the same period of the previous year, revenue was ¥63 million, down 40.0% from ¥106 million in the same quarter of the previous year, and the segment loss (operating loss) was ¥50 million, compared with a segment loss of ¥60 million in the same quarter of the previous year.」
The impact of higher restructuring-related expenses continues to be reported, but the education business segment loss narrowed from the same period of the previous year. - FY2018WorsenedAnnual report
「The number of students declined as unprofitable classrooms were closed through extensive restructuring. Revenue was ¥198 million, down 38.2% from ¥321 million in the same period of the previous year, and the segment loss (operating loss) widened to ¥125 million from ¥44 million in the same period of the previous year.」
Losses in the education business associated with restructuring and the closure of unprofitable classrooms continued for the full year, with the segment loss expanding from ¥44 million in the previous period to ¥125 million. - FY2018-Q3WorsenedAnnual report
「Due to a decrease in the number of students following the closure of some school locations and higher expenses resulting from major restructuring, revenue was ¥156 million, down 37.0% from ¥247 million in the same quarter of the previous year, and the segment loss (operating loss) was ¥93 million, compared with a segment loss of ¥23 million in the same quarter of the previous year.」
Higher expenses from major restructuring continued, and the education business segment loss expanded from ¥23 million in the same quarter of the previous year to ¥93 million. - FY2018-Q2First statedAnnual report
「Due to a decrease in the number of students following the reduction of some school locations and higher expenses resulting from major restructuring, revenue was ¥106 million, down 36.8% from ¥168 million in the same quarter of the previous year, and the segment loss (operating loss) was ¥60 million, compared with a segment loss of ¥15 million in the same quarter of the previous year.」
Higher expenses from major restructuring were incurred and were identified for the first time as a factor behind the expansion of the education business segment loss.