Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
63
¥ million (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationQ3 FY202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales2,555 Millions of yen-2.2%
Operating profit146 Millions of yen-30.4%
Ordinary income142 Millions of yen-28.7%
Net income86 Millions of yen-36.5%
Operating profit margin5.7
Selling, general and administrative expenses1,763 Millions of yen
Results for the three months of the current quarter
Net Sales
884 Millions of yen+0.1%
Operating profit
70 Millions of yen-26.5%
Full-year earnings forecast
Net Sales
3,688 Millions of yen
Operating profit
298 Millions of yen
Annual Dividend
15 Yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Below forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit
Revenue decline-56 Millions of yen
Increase in cost of sales-21 Millions of yen
Decrease in selling, general and administrative expenses13 Millions of yen
Operating income versus forecast
Revenue decline-158 Millions of yen
Decrease in cost of sales44 Millions of yen
Decrease in selling, general and administrative expenses99 Millions of yen
New initiatives
- Making With The World a subsidiary
- Name changed from the Language Solutions Business to the Learning Solutions Business
- Revamping the program for beginners
- Ending GitTap and concentrating management resources on G Talent
- Promoting hybrid English-language learning
- Expanding the business into comprehensive human resource development consulting
- Expanding education businesses for students
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative number of companies adopting the service1,700 companies or more
- Number of schools collaborating with With The World546 Schools
- With The World network67 countries
- Number of students participating in With The World classes91,981 peopleYear on year against the same period last yearIncreased
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Unit prices for corporate customers increased as they tended to narrow the target customer base, but this was not enough to offset the decline in the number of students. The average customer spend for the hybrid model is more than 3 times that for online English conversation lessons alone.Segment results
LS Business
Net Sales
2,432 Millions of yen-2.4%
TS business
Net Sales
123 Millions of yen+3.5%
Medium-term management plan targets
Target fiscal yearFiscal year ending December 2030
Net Sales10,000
Revenue UnitMillions of yen
Adjusted operating profit1,500
Adjusted operating profit unitMillions of yen
Market Size / Share
- Target market for comprehensive human resource development solutions¥5,720 100 million
- Online language learning market, 2026 forecast¥500 100 million
- TAM for talent placement and job information services¥11,300 100 million
Number of employees
Number of Employees194 People
Record date30 June 2026
Annual Dividend
15 Yen
BreakdownYear-end dividend paid once a year
Payout ratio
Approximately 20–30% (23.7% forecast for the fiscal year ending December 2026)| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | 2,555 Millions of yen (YoY -2.2%) |
| Operating profit | 146 Millions of yen (YoY -30.4%) |
| Ordinary income | 142 Millions of yen (YoY -28.7%) |
| Net income | 86 Millions of yen (YoY -36.5%) |
| Operating profit margin | 5.7 |
| Selling, general and administrative expenses | 1,763 Millions of yen |
| Results for the three months of the current quarter | Net Sales 884 Millions of yen (YoY +0.1%) / Operating profit 70 Millions of yen (YoY -26.5%) |
| Full-year earnings forecast | Net Sales 3,688 Millions of yen / Operating profit 298 Millions of yen / Annual Dividend 15 Yen |
| Self-assessment against the plan | Below forecast |
| Segment results | LS Business Net Sales 2,432 Millions of yen (YoY -2.4%) / TS business Net Sales 123 Millions of yen (YoY +3.5%) |
| Breakdown of Factors Affecting the Change | Year-on-year operating profit Revenue decline -56 Millions of yen / Increase in cost of sales -21 Millions of yen / Decrease in selling, general and administrative expenses 13 Millions of yen / Operating income versus forecast Revenue decline -158 Millions of yen / Decrease in cost of sales 44 Millions of yen / Decrease in selling, general and administrative expenses 99 Millions of yen |
| Key KPIs | Indicator name Cumulative number of companies adopting the service / Value 1,700 companies or more / Year on year against the same period last year Not disclosed, Indicator name Number of schools collaborating with With The World / Value 546 Schools / Year on year against the same period last year Not disclosed, Indicator name With The World network / Value 67 countries / Year on year against the same period last year Not disclosed, Indicator name Number of students participating in With The World classes / Value 91,981 people / Year on year against the same period last year Increased |
| Unit price and quantity metrics | Unit prices for corporate customers increased as they tended to narrow the target customer base, but this was not enough to offset the decline in the number of students. The average customer spend for the hybrid model is more than 3 times that for online English conversation lessons alone. |
| Number of employees | Number of Employees 194 People / Record date 30 June 2026 |
| Medium-term management plan targets | Target fiscal year Fiscal year ending December 2030 / Net Sales 10,000 / Revenue Unit Millions of yen / Adjusted operating profit 1,500 / Adjusted operating profit unit Millions of yen |
| Annual Dividend | 15 Yen |
| Payout ratio | Approximately 20–30% (23.7% forecast for the fiscal year ending December 2026) |
| Market Size / Share | Target market for comprehensive human resource development solutions ¥5,720 100 million, Online language learning market, 2026 forecast ¥500 100 million, TAM for talent placement and job information services ¥11,300 100 million |
| New initiatives | Making With The World a subsidiary, Name changed from the Language Solutions Business to the Learning Solutions Business, Revamping the program for beginners, Ending GitTap and concentrating management resources on G Talent, Promoting hybrid English-language learning, Expanding the business into comprehensive human resource development consulting, Expanding education businesses for students |
Items this document does not state (10)
Gross Profit MarginProgress against full-year forecastNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Revenue declined due to factors including a decrease in the number of individual users enrolled in the LS business. Operating profit declined due to the decrease in revenue and the occurrence of one-time M&A-related expenses. The TS business was affected by a delayed start following changes to its sales structure in the first half and changes in companies' hiring needs resulting from the spread of generative AI.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.