Municipal Subsidies Related to New Facility Openings and Revenue Concentration in the Third Quarter
First written in FY2016-Q3. 16 of 27 entries say "Restated". Latest entry: 2026-08-10.
0 other companies' latest entry also says "Advanced".
- 2026-08-10AdvancedFinancial Results Presentation
「Cumulative net sales increased substantially, driven by contributions from M&A and additional childcare services promotion subsidies」
In addition to subsidy income as a factor supporting earnings through FY2026-H1, the additional subsidies were cited as a factor behind the substantial increase in cumulative net sales through the third quarter. The canonical thread itself remains unchanged. - FY2026-H1Disclosed profit uplift from accumulated subsidiesAnnual report
「In addition to the contribution from the newly consolidated Associe Academy and Associe International, accumulated subsidies for childcare service promotion projects, restraints on recruitment expenses and an improvement in the personnel expense ratio lifted profit.」
Previously, disclosures had indicated low or declining subsidy income, but during the first six months of the current fiscal year, accumulated subsidies for childcare service promotion projects were described as a factor lifting profit. - FY2025Updated low level of subsidy incomeAnnual report
「Non-operating income was ¥9 million and non-operating expenses were ¥60 million. Ordinary income fell 1.5% year on year to ¥808 million due to a decline in subsidy income related to capital investment.」
Subsidy income fell from ¥62 million in the previous fiscal year to zero in the current fiscal year, and non-operating income declined to ¥9 million. - FY2024-Q2Updated subsidy income for the first six monthsAnnual report
「Subsidy income — ¥4 million」
Subsidy income for the first six months of the current fiscal year was ¥4 million, up from zero in the same period of the previous fiscal year. - FY2024-Q1Updated first-quarter subsidy incomeAnnual report
「Non-operating income Interest and dividend income 0 0 Subsidy income — ¥2 million」
Subsidy income in the first quarter of the current fiscal year was ¥2 million, up from zero in the same period of the previous fiscal year. - FY2023Subsidy income lost due to no new openingsAnnual report
「The decreases in non-operating income and non-operating expenses were attributable to the absence of subsidy income associated with openings and opening preparation costs, as no new nursery schools were opened during the fiscal year.」
No new facilities were opened in FY2023, and subsidy income fell to zero from ¥642 million in the previous fiscal year. The structure involving new openings and the concentration of subsidy income in the third quarter remains, but there was no contribution to revenue in the current fiscal year. - FY2022RestatedAnnual report
「Since new nursery schools and other childcare facilities opened by the Group are concentrated in April, a substantial amount of subsidy income tends to be recorded in the third quarter (April to June). During the third quarter of the current fiscal year, the Group proceeded with new openings and recorded subsidy income of ¥642 million.」
Continues to disclose the revenue structure in which local government subsidies associated with April openings are concentrated in the third quarter, as well as subsidy income of ¥642 million. - FY2022-Q3RestatedAnnual report
「If a local government subsidy is granted for part of the funding for a new facility, such as interior construction, it is recorded as subsidy income under non-operating income. Since new nursery schools and other childcare facilities opened by the Group are concentrated in April, a substantial amount of subsidy income tends to be recorded in the third quarter (April to June). During the third quarter of the current fiscal year, the Group proceeded with new openings and recorded subsidy income of ¥642 million.」
Continues to disclose the seasonal structure in which a substantial amount of local government subsidies associated with April openings is recorded in the third quarter. - FY2021Disclosed an increase in subsidy income due to more new openingsAnnual report
「The increase in non-operating income was attributable to an increase in subsidy income associated with new openings, as the number of licensed nursery schools opened increased from 7 in the previous fiscal year to 10.」
Subsidy income increased from ¥606 million in the previous fiscal year to ¥761 million, with the increase in the number of new facilities opened cited as the reason. The seasonal structure involving concentration in the third quarter following April openings also remains in place. - FY2021-Q3RestatedAnnual report
「If a local government subsidy is granted for part of the funding for a new facility, such as interior construction, it is recorded as subsidy income under non-operating income. Since new nursery schools and other childcare facilities opened by the Group are concentrated in April, a substantial amount of subsidy income tends to be recorded in the third quarter (April to June). During the third quarter of the current fiscal year, the Group also recorded a substantial amount of subsidy income as it proceeded with new openings.」
Continues to disclose the revenue structure in which local government subsidies associated with April openings are concentrated in the third quarter. Subsidy income for the first nine months of the current fiscal year was ¥668 million. - FY2021-Q2RestatedAnnual report
「Subsidy income ¥54 million —」
Subsidy income for the first six months of the current fiscal year was zero, down from ¥54 million in the same period of the previous fiscal year. This disclosure is consistent with the revenue structure in which subsidy income associated with new openings is concentrated in a specific period. - FY2021-Q1Disclosed zero subsidy income in the first quarterAnnual report
「Subsidy income ¥47 million —」
Subsidy income in the first quarter of the current fiscal year was zero, compared with ¥47 million in the same period of the previous fiscal year. This trend is related to the seasonal structure in which subsidy income associated with April openings is concentrated in the third quarter. - FY2020Disclosed a decline in subsidy income due to fewer new openingsAnnual report
「The decrease in non-operating income was attributable to a decline in subsidy income associated with new openings, as the number of nursery schools opened fell from 22 in the previous fiscal year to 7.」
Subsidy income fell from ¥2,065 million in the previous fiscal year to ¥606 million. The structure of April openings and the concentration of subsidy income in the third quarter remains unchanged. - FY2020-Q3RestatedAnnual report
「If a local government subsidy is granted for part of the funding for a new facility, such as interior construction, it is recorded as subsidy income under non-operating income. Since new nursery schools and other childcare facilities opened by the Group are concentrated in April, a substantial amount of subsidy income tends to be recorded in the third quarter (April to June). During the third quarter of the current fiscal year, the Group also recorded a substantial amount of subsidy income as it proceeded with new openings.」
Continues to explain the seasonal revenue structure in which a substantial amount of local government subsidies associated with April openings is recorded in the third quarter. Subsidy income for the first nine months of the current fiscal year was ¥608 million. - FY2020-Q2RestatedAnnual report
「Subsidy income — ¥54 million」
Subsidy income of ¥54 million was also recorded during the first six months of the current fiscal year, indicating that the revenue structure involving subsidy income from new openings remains in place. - FY2020-Q1RestatedAnnual report
「Subsidy income — ¥47 million」
Subsidy income for the first quarter of the current fiscal year was ¥47 million, indicating that the structure involving subsidy income from new openings remains in place. - FY2019RestatedAnnual report
「Most of the new nursery schools and other childcare facilities opened by the Group open in April. For new facilities, opening preparation costs and other expenses are incurred in advance during the first and second quarters (October to March), while a substantial amount of subsidy income tends to be recorded in the third quarter (April to June).」
Continues to disclose the seasonal structure involving preparation costs for April openings and the concentration of subsidy income in the third quarter. Subsidy income was ¥2,065 million in FY2019. - FY2019-Q3RestatedAnnual report
「If a local government subsidy is granted for part of the funding for a new facility, such as interior construction, it is recorded as subsidy income under non-operating income. Since new nursery schools and other childcare facilities opened by the Group are concentrated in April, a substantial amount of subsidy income tends to be recorded in the third quarter (April to June). During the third quarter of the current fiscal year, the Group also recorded a substantial amount of subsidy income as it proceeded with new openings.」
Continues to explain the structure in which local government subsidies associated with new openings are concentrated in the third quarter. Subsidy income for the first nine months of the current fiscal year was ¥2,004 million. - FY2018RestatedAnnual report
「Most of the new nursery schools and other childcare facilities opened by the Group open in April. For new facilities, opening preparation costs and other expenses are incurred in advance during the first and second quarters (October to March), while a substantial amount of subsidy income tends to be recorded in the third quarter (April to June).」
Continues to disclose the seasonal structure involving preparation costs for April openings and the concentration of subsidy income in the third quarter. - FY2018-Q3RestatedAnnual report
「If a local government subsidy is granted for part of the funding for a new facility, such as interior construction, it is recorded as subsidy income under non-operating income. Since new nursery schools and other childcare facilities opened by the Group are concentrated in April, a substantial amount of subsidy income tends to be recorded in the third quarter (April to June). During the third quarter of the current fiscal year, the Group also recorded a substantial amount of subsidy income as it proceeded with new openings.」
Continues to explain the revenue structure in which local government subsidies associated with new openings are concentrated in the third quarter. Subsidy income for the first nine months of the current fiscal year was ¥1,668 million. - FY2018-Q1RestatedAnnual report
「Subsidy income ¥113 million —」
Subsidy income in the first quarter of the current fiscal year fell from ¥113 million in the same period of the previous fiscal year to ¥0 million. This is consistent with the existing theme that subsidy income associated with April openings is concentrated in the third quarter. - FY2017MitigatedAnnual report
「The Group has actively opened new facilities to date, and as a result, new openings have had a significant impact on operating performance. However, as the ratio of new facilities to facilities operated declines, we expect this impact to gradually ease going forward.」
Indicates that the impact of operating income and loss and subsidy income associated with new openings is expected to ease going forward as the ratio of new facilities to facilities operated declines. - FY2017-Q3RestatedAnnual report
「If a local government subsidy is granted for part of the funding for a new facility, such as interior construction, it is recorded as subsidy income under non-operating income. Since new nursery schools and other childcare facilities opened by the Group are concentrated in April, a substantial amount of subsidy income tends to be recorded in the third quarter (April to June). During the third quarter of the current fiscal year, the Group also recorded a substantial amount of subsidy income as it proceeded with new openings.」
Continues to explain the revenue structure in which local government subsidies associated with new openings are concentrated in the third quarter. - FY2017-Q2RestatedAnnual report
「Subsidy income — ¥110 million」
Subsidy income of ¥110 million was also recorded as non-operating income during the first six months of the current fiscal year, indicating that the structure involving subsidy income from new openings remains in place. - FY2017-Q1RestatedAnnual report
「Subsidy income — ¥113 million」
Subsidy income of ¥113 million was also recorded as non-operating income during the first quarter of the current fiscal year, indicating that the revenue structure involving subsidy income from new openings remains in place. - FY2016RestatedAnnual report
「Non-operating income primarily comprised subsidy income associated with the opening of new facilities. Non-operating expenses primarily comprised opening preparation costs associated with new facilities.」
The annual report also explains the revenue and expense structure involving subsidy income and opening preparation costs associated with new openings. - FY2016-Q3First statedAnnual report
「If a local government subsidy is granted for part of the funding for a new facility, such as interior construction, it is recorded as subsidy income under non-operating income. Since new nursery schools and other childcare facilities opened by the Group are concentrated in April, a substantial amount of subsidy income tends to be recorded in the third quarter (April to June). During the third quarter of the current fiscal year, the Group also recorded a substantial amount of subsidy income, having opened 14 facilities in April.」
Explains the structure whereby local government subsidies for part of the funding for new openings may be granted and subsidy income is concentrated in the third quarter following April openings.