Increase in Initial Costs, Personnel Expenses and Advertising Expenses Associated with the Expansion of New School Openings
First written in FY2024-Q1. . Latest entry: FY2026.
The whole theme swung hardest in 2019: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026Continued store openings and investment in personnelAnnual report
「Meanwhile, during the consolidated fiscal year, the Company also actively made investments for medium- to long-term growth, including capital and personnel investments associated with opening individual tutoring classrooms, increased teacher recruitment expenses in the tutoring business, and higher advertising and recruitment expenses accompanying the expansion of the sales scale in the human resources services business.」
The company continues to invest in facilities and personnel as it opens classrooms, while expanding growth investment in its tutoring and human resources services businesses. - FY2025Lower advertising expenses and higher profitAnnual report
「Meanwhile, advertising expenses declined following a review of the advertising strategy. As a result, revenue was ¥1,337.587 million, up 8.6% year on year, and segment profit was ¥319.505 million, up 22.5% year on year.」
While continuing to open new classrooms, the individual tutoring school business achieved higher revenue and profit as advertising expenses declined. - FY2024Specifics of higher revenue and lower profitAnnual report
「As a result, revenue was ¥1,231.957 million, up 10.5% year on year, and segment profit was ¥260.772 million, down 1.9% year on year.」
While revenue increased because of new school openings and an increase in the number of students, profit in the individual tutoring school business declined because of higher opening costs. - FY2024-Q3Continued higher revenue and lower profit in the individual tutoring school businessAnnual report
「As a result, revenue was ¥931.870 million, up 10.9% year on year, and segment profit was ¥202.794 million, down 6.8% year on year.」
The cumulative third-quarter results of the individual tutoring school business are specifically described as showing higher revenue and lower profit, against the backdrop of higher costs associated with opening new schools. - FY2024-Q2Specifics of higher revenue and lower profitAnnual report
「Meanwhile, the expansion of the business through the opening of new schools increased operating expenses, including start-up costs for opening the schools, personnel expenses and advertising expenses. As a result, revenue was ¥619.507 million, up 11.1% year on year, and segment profit was ¥131.363 million, down 12.8% year on year.」
The increase in start-up costs, personnel expenses and advertising expenses associated with opening new schools is reflected in higher revenue and lower profit in the individual tutoring school business. - FY2024-Q1First statedAnnual report
「Meanwhile, the expansion of the business through the opening of new schools increased operating expenses, including start-up costs for opening the schools, personnel expenses and advertising expenses.」
The increase in operating expenses, including start-up costs, personnel expenses and advertising expenses, alongside revenue growth from opening new schools, is newly described as a performance factor.