Seasonal fluctuations in performance due to graduation after entrance examinations and supplementary courses and exam-preparation programs
First written in FY2024-Q3. 4 of 6 entries say "Restated". Latest entry: FY2026.
Waseda Gakushukenkyukai moved to the "Worse" side of this theme in 2026.
The whole theme swung hardest in 2023: 1 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Profitability tended to be lower in the first quarter through the previous fiscal year, but following the change in the fiscal year-end, profitability will tend to be lower in the fourth quarter from the current fiscal year onward.」
Following the change in the fiscal year-end, the period described as having lower profitability changed from the first quarter to the fourth quarter from the current fiscal year onward. - FY2027-H1RestatedAnnual report
「Our operating results are subject to seasonal fluctuations because the number of students changes and turns over as students graduate after entrance examinations at the end of the fiscal year. Revenue tends to be lowest in the first quarter, when the new school year begins, and rises substantially in the second, third and fourth quarters, when we provide summer and winter courses and classes preparing students for entrance examinations immediately before the examinations.」
The document continues to explain quarterly seasonal fluctuations caused by student graduation after entrance examinations, preparatory courses and entrance examination preparation. - FY2025RestatedAnnual report
「In the private tutoring industry, spring, summer and winter courses are provided in addition to regular classes. As a result, revenue increases in the months in which these courses are held. Student recruitment is also concentrated during these periods, so the number of students increases from the start of the new academic year until the entrance examination season and peaks in January.」
The document continues to explain annual and quarterly seasonal fluctuations associated with preparatory courses, student recruitment and the entrance examination season. - FY2025-H1RestatedAnnual report
「Our operating results are subject to seasonal fluctuations because the number of students changes and turns over as students graduate after entrance examinations at the end of the fiscal year. Revenue tends to be lowest in the first quarter, when the new school year begins, and rises substantially in the second, third and fourth quarters, when we provide summer and winter courses and classes preparing students for entrance examinations immediately before the examinations. The average number of students during the interim accounting period was 18,911, remaining firm after the summer courses held in July and August.」
The document continues to explain seasonal fluctuations caused by student graduation after entrance examinations, preparatory courses and entrance examination preparation, and reports the average number of students during the interim accounting period. - FY2024RestatedAnnual report
「In the private tutoring industry, spring, summer and winter courses are provided in addition to regular classes. As a result, revenue increases in the months in which these courses are held. Student recruitment is also concentrated during these periods, so the number of students increases from the start of the new academic year until the entrance examination season and peaks in January. Meanwhile, classroom operating expenses, including personnel expenses and rent, are incurred continuously throughout the year. Consequently, profitability tends to be lower in the first quarter.」
The document continues to explain annual and quarterly earnings fluctuations resulting from preparatory courses and student recruitment. - FY2024-Q3First statedAnnual report
「Our operating results are subject to seasonal fluctuations because the number of students changes and turns over as students graduate after entrance examinations at the end of the fiscal year. Revenue tends to be lowest in the first quarter, when the new school year begins, and rises substantially in the second, third and fourth quarters, when we provide summer and winter courses and classes preparing students for entrance examinations immediately before the examinations.」
The document describes quarterly seasonality associated with student turnover, preparatory courses and entrance examination preparation.