Education Business Risk from Expired Teaching Licenses and Student-Aid Misconduct
First written in FY2016. 16 of 20 entries say "Restated". Latest entry: FY2024-Q1.
Life Intelligent Enterprise Holdings moved to the "Worse" side of this theme in 2017.
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that no major risks arose and no material changes occurred in previously disclosed risks. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year. There were also no significant events or circumstances.」
The company states that there were no new business risks or material changes to previously disclosed risks and no significant events or circumstances. - FY2023-Q2RestatedAnnual report
「During the six-month period ended 30 September, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year. There were also no significant events or circumstances.」
The company states that there were no new business risks or material changes to previously disclosed risks and no significant events or circumstances. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year. There were also no significant events or circumstances.」
The company states that there were no new business risks or material changes to previously disclosed risks and no significant events or circumstances. - FY2022-Q2RestatedAnnual report
「During the six-month period ended 30 September, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year. There were also no significant events or circumstances.」
The company states that there were no new business risks or material changes to previously disclosed risks and no significant events or circumstances. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year. There were also no significant events or circumstances.」
The company states that there were no new business risks or material changes to previously disclosed risks and no significant events or circumstances. - FY2021-Q2RestatedAnnual report
「During the six-month period ended 30 September, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year. There were also no significant events or circumstances.」
The company states that there were no new business risks or material changes to previously disclosed risks and no significant events or circumstances. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year. There were also no significant events or circumstances.」
The company states that there were no new business risks or material changes to previously disclosed risks and no significant events or circumstances. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year. There were also no significant events or circumstances.」
The company states that there were no new risks or material changes to previously disclosed risks and no significant events or circumstances. - FY2020-Q2RestatedAnnual report
「During the six-month period ended 30 September, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year. There were also no significant events or circumstances.」
The company states that there were no new risks or material changes to previously disclosed risks and no significant events or circumstances. - FY2020-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year. There were also no significant events or circumstances.」
The company states that there were no new business risks, no material changes to previously disclosed risks and no significant events or circumstances. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year. There were also no significant events or circumstances.」
The company states that there were no new business risks, no material changes to previously disclosed risks and no significant events or circumstances. - FY2019-Q2RestatedAnnual report
「During the six-month period ended 30 September, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year. There were also no significant events or circumstances.」
The company states that there were no new business risks, no material changes to previously disclosed risks and no significant events or circumstances. - FY2018MaterialisedAnnual report
「Since the school closed on 31 March 2017, Witz Co., Ltd. has focused exclusively on winding up outstanding matters and has completely suspended its ordinary business activities.」
Following the school’s closure related to the education-business misconduct, Witz is limited to winding up outstanding matters and has completely suspended ordinary business activities. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that no new business risks arose and no material changes occurred in previously disclosed risks. - FY2018-Q2RestatedAnnual report
「During the six-month period ended 30 September, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that no new business risks arose and no material changes occurred in previously disclosed risks. No new change in the risk related to the past education-business misconduct is reported. - FY2017-Q3MaterialisedAnnual report
「As a result, Witz Aoyama Gakuen High School will be closed as of 31 March 2017.」
The impact of the education-business misconduct resulted in the change of the school operator and the closure of Witz Aoyama Gakuen High School as of 31 March 2017. - FY2017-Q2RestatedAnnual report
「The damage from the misconduct involving student-support payments by an affiliated school continued into the current fiscal year, with the withdrawal of affiliated schools and a substantial decline in student numbers continuing. In addition, performance remained difficult because of the costs of remedial measures for current and former students and improvements to the educational environment.」
The withdrawal of affiliated schools, decline in student numbers and costs for remedial measures related to the education-business misconduct continue. - FY2017-Q1WorsenedAnnual report
「The damage from the misconduct involving student-support payments by an affiliated school continued into the current fiscal year, with the withdrawal of affiliated schools and a substantial decline in student numbers continuing. In addition, performance remained difficult because of the costs of remedial measures for current and former students and improvements to the educational environment.」
The impact of the previous year’s education-business misconduct continues, including affiliated-school withdrawals, a substantial decline in student numbers and costs for remedial measures. - FY2016First statedAnnual report
「In addition to costs for remedial coursework related to the teaching-license invalidation incident that occurred in November, misconduct by the affiliated Yotsuya LETS school involving receipt of student-support payments led to various criticisms and instructions from the authorities to expedite improvements in the operating and management structure of a broad-area distance-learning high school.」
The company identifies the incident, misconduct, criticism and instructions from the authorities, declining student numbers, remedial measures and education-environment improvement costs as events during the fiscal year.