Risks of initial costs, low occupancy rates and delays to the plan associated with opening new childcare facilities
First written in FY2025. 2 of 3 entries say "Restated". Latest entry: FY2026.
2 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For the fiscal year ending March 2026, subsidy income for facility development of ¥163 million was recorded.」
The effects of pre-opening costs, subsidy income and losses on compression of fixed assets associated with opening new childcare facilities are reiterated, with facility development subsidy income for the current fiscal year stated specifically. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The risks of initial costs, low utilization and delays associated with opening new childcare facilities are unchanged in all material respects. - FY2025First statedAnnual report
「When opening a new childcare facility, the following effects generally tend to occur. Operating income or loss: utilization tends to be low for several years from the opening because older classes, such as the 3- to 5-year-old classes, tend not to reach capacity. Expenses also increase due to new employee recruitment costs, training costs, consumables and other expenses, so the facility tends to record an operating loss from its first year.」
The Company describes low utilization, initial recruitment and training costs, delays in receiving subsidies and difficulty securing sites when opening new facilities. For the fiscal year ended March 2025, it recorded ¥10 million in pre-opening costs and ¥56 million in a loss on compression of fixed assets.