Unprofitable Classroom Closures
First written in FY2017-Q1. 21 of 35 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「As the company remained unable to improve profitability amid changes in the business environment, it decided to discontinue the business during the current fiscal year.」
Following the closure of unprofitable classrooms and their conversion to franchised operations, the company announced a policy of discontinuing the education business itself during the current fiscal year. - FY2026-H1RestatedAnnual report
「Although there was no revenue, the segment loss (operating loss) was ¥6 million due to costs incurred to maintain the business locations.」
The education business continues to generate no revenue while incurring costs to maintain its business locations. - FY2025RestatedAnnual report
「Although there was no revenue, the segment loss (operating loss) was ¥15 million due to costs incurred to maintain the business locations.」
Following the end of company-operated operations, the education business continues to generate no revenue while incurring costs to maintain its business locations. - FY2024RestatedAnnual report
「Although there was no revenue, the segment loss (operating loss) was ¥17 million, compared with a segment loss of ¥19 million in the same period of the previous year, due to costs incurred to maintain the business locations.」
The education business continued to generate no revenue while incurring costs to maintain its business locations throughout the year. The loss narrowed slightly from the same period of the previous year. - FY2024-Q3RestatedAnnual 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.」
The education business continues to generate no revenue while posting a segment loss due to costs such as those required to maintain its business locations. - FY2024-Q2RestatedAnnual report
「Although there was no revenue, the segment loss (operating loss) was ¥9 million, unchanged from the segment loss of ¥9 million in the same quarter of the previous year, due to costs incurred to maintain the business locations.」
The education business generates no revenue and continues to post a segment loss of ¥9 million due to costs such as those required to maintain its business locations. - FY2024-Q1RestatedAnnual report
「Although there was no revenue, the segment loss (operating loss) was ¥4 million, unchanged from the segment loss of ¥4 million in the same quarter of the previous year, due to costs such as those required to maintain the business locations.」
The education business continues to generate no revenue and incur only costs such as those required to maintain its business locations. - FY2023-Q3RestatedAnnual 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.」
Following the end of the company-operated education business, the company continues to generate no franchise income and incur only costs such as those required to maintain its business locations. - FY2023-Q2RestatedAnnual report
「Although there was no revenue, the segment loss (operating loss) was ¥9 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.」
The education business continues to generate no revenue while incurring costs such as those required to maintain its business locations. - FY2023-Q1Education business: no revenue, maintenance costs onlyAnnual report
「Although there was no revenue, the segment loss (operating loss) was ¥4 million, compared with a segment loss of ¥9 million in the same quarter of the previous year, due to costs incurred to maintain the business locations.」
Following the end of the company-operated education business, there was also no franchise income in the current quarter, leaving the business with no revenue and only costs such as those required to maintain its locations. - FY2022-Q3RestatedAnnual report
「As revenue consisted solely of franchise royalties, revenue was ¥1 million, down 69.7% from ¥4 million in the same quarter of the previous year. The segment loss (operating loss) was ¥19 million, compared with a segment loss of ¥15 million in the same quarter of the previous year.」
Following the end of the company-operated education business, the company continues to record only franchise royalties. - FY2022-Q2RestatedAnnual report
「As revenue consisted solely of franchise royalties, revenue was ¥1 million, down 56.6% from ¥3 million in the same quarter of the previous year. The segment loss (operating loss) was ¥14 million, compared with a segment loss of ¥10 million in the same quarter of the previous year, due to the recognition of an allowance for doubtful accounts.」
Following the end of the company-operated education business, the company continues to record only franchise royalties. - FY2022-Q1RestatedAnnual report
「As revenue consisted solely of franchise royalties, revenue was ¥1 million, unchanged from ¥1 million in the same quarter of the previous year. The segment loss (operating loss) was ¥9 million, compared with a segment loss of ¥3 million in the same quarter of the previous year, due to the recognition of an allowance for doubtful accounts.」
Following the end of the company-operated education business, the company continues to record only franchise royalties. - FY2021Cited as achievedAnnual 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 end of the company-operated cram-school business and the operating structure consisting solely of franchise royalties are confirmed in the full-year results. - FY2021-Q3RestatedAnnual report
「As the company's company-operated business ended in the previous fiscal year, revenue consisted solely of franchise royalties and amounted to ¥4 million. The segment loss (operating loss) was ¥15 million.」
Following the end of company-operated education operations, the company continues to record only franchise royalties. - FY2021-Q2AchievedAnnual report
「Education business The business ended in the previous fiscal year, leaving revenue of ¥3 million from franchise royalties alone. The segment loss (operating loss) was ¥10 million.」
Following the withdrawal from and closure of company-operated locations and their conversion to franchised operations, the operation of the education business itself ended, leaving only franchise royalty income. - FY2021-Q1RestatedAnnual report
「Education business Due to the impact of large-scale closures of cram-school locations, revenue was ¥1 million and the segment loss (operating loss) was ¥3 million.」
Following the full conversion of cram-school locations to franchised operations and the withdrawal from company-operated locations through the previous fiscal year, the impact of large-scale school closures continued to be felt in the current quarter. - FY2020AdvancedAnnual report
「Amid the impact of COVID-19, the company fully withdrew from company-operated cram-school locations and converted some locations to franchised operations, resulting in revenue of ¥18 million, down 80.2% from ¥92 million in the same period of the previous year.」
Following the previous fiscal year's full conversion of cram-school locations to franchised operations, the operating structure changed further, with a full withdrawal from company-operated locations and the conversion of some locations to franchised operations. The number of employees also decreased by 14 from the previous fiscal year. - FY2020-Q3RestatedAnnual 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.」
The impact of the full conversion of cram-school locations to franchised operations carried out in the previous fiscal year continues. - FY2020-Q2RestatedAnnual 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.」
The impact of the full conversion of cram-school locations to franchised operations carried out in the previous fiscal year continues. - FY2020-Q1RestatedAnnual report
「Due to the impact of the full conversion of cram-school locations to franchised operations, revenue was ¥4 million, down 83.2% from ¥28 million in the same quarter of the previous year, and the segment loss (operating loss) was ¥7 million, compared with a segment loss of ¥24 million in the same quarter of the previous year, a 69.8% reduction.」
The impact of the full conversion of cram-school locations to franchised operations carried out in the previous fiscal year continues. - FY2019AdvancedAnnual report
「As all cram-school locations were converted 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, compared with a segment loss of ¥125 million in the same period of the previous year. The number of employees decreased by 8 from the previous fiscal year. This was a reduction in personnel accompanying organizational restructuring in the education business.」
The full-year results confirm that all cram-school locations were converted to franchised operations in December, following the third-quarter description that most had been converted. A reduction of 8 employees accompanying organizational restructuring in the education business is also described. - FY2019-Q3AdvancedAnnual report
「Revenue was ¥85 million, down 45.5% from ¥156 million in the same quarter of the previous year, as the company failed to secure the number of students anticipated for its winter courses and significantly reviewed the business, including the full conversion of its cram-school locations to franchised operations from December, to eliminate future losses. However, the segment loss (operating loss) narrowed to ¥77 million from ¥93 million in the same quarter of the previous year as a result of restructuring. During the nine months ended in the current third quarter, the company significantly reviewed its education business and converted most of the cram-school locations it operated to franchised operations. As a result, the number of employees in the education business decreased by 6.」
As part of a significant review of the education business, all cram-school locations were converted to franchised operations from December, and the number of employees also decreased by 6. - 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 contraction of the education business, accompanied by a decline in the number of classrooms, continues. - FY2019-Q1RestatedAnnual report
「Due to the impact of declines in the number of classrooms and students compared with the same period of the previous year, revenue was ¥28 million, down 37.1% from ¥45 million in the same quarter of the previous year, and the segment loss (operating loss) was ¥24 million, compared with a segment loss of ¥28 million in the same quarter of the previous year.」
The impact of the contraction of the education business accompanying the decline in the number of classrooms continues. - FY2018AdvancedAnnual report
「The number of employees decreased by 12 from the previous fiscal year. This was primarily due to a reduction in personnel accompanying organizational restructuring in the education business.」
A reduction of 12 employees accompanying organizational restructuring in the education business is specifically shown as a full-year result. - FY2018-Q3AdvancedAnnual 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. During the nine months ended in the current third quarter, the company significantly scaled back its education business to improve operational efficiency. As a result, the number of employees in the education business decreased by 9.」
In addition to school closures and restructuring, the significant downsizing of the education business to improve operational efficiency and the reduction of its workforce by 9 employees are specifically described. - FY2018-Q2RestatedAnnual 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.」
In addition to the reduction of some school locations, higher expenses resulting from major restructuring are described as factors affecting the education business's performance. - FY2018-Q1RestatedAnnual report
「Due to the impact of declines in the number of classrooms and students compared with the same period of the previous year, revenue was ¥45 million, down 42.1% from ¥78 million in the same quarter of the previous year, and the segment loss (operating loss) was ¥28 million, compared with a segment loss of ¥10 million in the same quarter of the previous year.」
Although the number of classrooms continues to decline, no new closures or conversions to franchised operations are specifically mentioned for the current quarter. - FY2017RestatedAnnual report
「Because unprofitable classrooms were closed or converted to franchised operations, the number of students declined. Revenue was ¥321 million, down 20.1% from ¥402 million in the same period of the previous year, and the segment loss (operating loss) was ¥44 million, compared with a segment loss of ¥27 million in the same period of the previous year.」
The closure of unprofitable classrooms and their conversion to franchised operations continued to be described as part of the full-year operation of the education business. - FY2017-Q3AdvancedAnnual report
「The number of students declined because some school locations were closed or converted to franchised operations. Revenue was ¥247 million, down 19.6% from ¥308 million in the same quarter of the previous year, and the segment loss (operating loss) was ¥23 million, compared with a segment loss of ¥15 million in the same quarter of the previous year.」
The closure of some school locations and their conversion to franchised operations are specifically described. - FY2017-Q2AdvancedAnnual report
「Revenue was ¥168 million, down 18.2% from ¥206 million in the same quarter of the previous year, due to a decrease in the number of students following the reduction of some school locations.」
The previous quarter described the measure as closing unprofitable classrooms, while the current quarter details its implementation as reducing some school locations. - FY2017-Q1First statedAnnual report
「Unprofitable Classroom Closures」
This is described as a specific measure to improve the profitability of the education business.