Expansion of Bilingual Education Business Locations
First written in FY2021. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023-Q3.
No other company in this theme has enough history to compare yet.
- FY2023-Q3DroppedAnnual report
「It became difficult to continue expanding our early childhood education business on the basis of the conventional face-to-face format, making additional investment of management resources essential to improve performance. Under these circumstances, the end of the COVID-19 pandemic remains uncertain, and as the prospects for an early recovery in the performance of the company in question are low, through this merger we will withdraw from the business operated by RISE Japan Co., Ltd. (hereinafter, the “business withdrawal”) and optimally allocate the management resources of our group to core areas directly linked to human resource development and organisational development in the corporate sector.」
In contrast to the previously stated policy of expanding RISE Japan's new-location development and bilingual education businesses, the company decided to withdraw from those businesses. - FY2022AdvancedAnnual report
「While we opened the Setagaya school during the fiscal year, the challenging environment for businesses that bring people together continued throughout the year.」
Regarding the new-location development policy, the postponed opening of the Setagaya school was carried out during the fiscal year. - FY2021First statedAnnual report
「We will leverage this brand strength to develop new locations in line with our business plan, with a view to further expanding our earnings base.」
The policy is to develop new locations by leveraging the brand strength established at RISE Japan's Daikanyama school, but the opening of the Setagaya school was postponed.