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Progrit (9560) · RiskRestated

Intensifying Competition in the English Coaching Market

First written in FY2022. 7 of 11 entries say "Restated". Latest entry: FY2026-H1.

11entries
5years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2023-Q3 – FY2024-Q3WorsenedFY2024 – FY2025-H1RestatedFY2025 – FY2026-H12022: 12023: 320232024: 420242025: 220252026: 12026
Same theme, other companies
Slowing growth or contraction of the online language-learning marketA theme 4 companies write about · 7 as a headwind · 0 as a tailwind

1 other company's latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1RestatedAnnual report

    「In the AI English conversation services field that we have entered, we recognize that differentiation based on AI accuracy is difficult, while refinement of the UI/UX will determine our competitive advantage.」

    In the AI English conversation field, the view that differentiation based solely on AI accuracy is difficult and that UI/UX refinement will become a competitive factor continues to be presented.
  2. FY2025RestatedAnnual report

    「Meanwhile, if technological innovation and service diversification by competitors advance rapidly, including through expansion in scale via M&A, the introduction of new business models, and the entry of major overseas IT companies with AI-based learning platforms, and competition intensifies, this may affect our financial condition and operating results.」

    M&A by competitors, new business models, and the entry of major overseas IT companies with AI learning platforms continue to be described as competitive factors.
  3. FY2025-H1WorsenedAnnual report

    「In the AI English conversation services field that we have entered, we believe that differentiation based on AI accuracy will be difficult, and expect refinement of the UI/UX to become a key point of competition.」

    In the AI English conversation field, differentiation based solely on AI accuracy is difficult, and the view that UI/UX refinement will become a competitive factor is newly specified.
  4. FY2024WorsenedAnnual report

    「Meanwhile, if technological innovation and service diversification by competitors advance rapidly, including through expansion in scale via M&A, the introduction of new business models, and the entry of major overseas IT companies with AI-based learning platforms, and competition intensifies, this may affect our financial condition and operating results.」

    In addition to the entry of traditional English conversation companies, M&A by competitors, new business models, and the entry of major overseas IT companies with AI learning platforms are identified as new competitive factors.
  5. FY2024-Q3RestatedAnnual report

    「In response to these developments, conventional English conversation service providers have begun offering English coaching services, and we believe that the English coaching market is steadily expanding.」

    Market expansion, including the expansion of traditional English conversation service providers into English coaching, continues to be described as part of the competitive environment.
  6. FY2024-Q2RestatedAnnual report

    「In response to these developments, conventional English conversation service providers have begun offering English coaching services, and we believe that the English coaching market is steadily expanding.」

    Market expansion, including the expansion of traditional English conversation service providers into English coaching, continues to be described as part of the competitive environment.
  7. FY2024-Q1RestatedAnnual report

    「In response to these developments, conventional English conversation service providers have begun offering English coaching services, and we believe that the English coaching market is steadily expanding.」

    Market expansion, including the entry of traditional English conversation service providers into English coaching, continues to be described as part of the competitive environment.
  8. FY2023RestatedAnnual report

    「The English coaching market is in a growth phase, and competition may intensify further. In this environment, in addition to providing competitive coaching services that improve English proficiency over a short period, we are differentiating ourselves from other companies by clearly defining a concept that enables customers to develop the ability to see things through to the end.」

    The risks of intensifying competition as the market grows and differentiation through services and the service concept are reaffirmed.
  9. FY2023-Q3RestatedAnnual report

    「In response to these developments, conventional English conversation service providers have begun offering English coaching services, and we believe that the English coaching market is steadily expanding.」

    As in the previous quarter, the competitive environment is described as including market expansion driven by traditional English conversation service providers entering English coaching.
  10. FY2023-Q2WorsenedAnnual report

    「In response to these developments, conventional English conversation service providers have begun offering English coaching services, and we believe that the English coaching market is steadily expanding.」

    The company states that conventional English conversation service providers are also offering English coaching services, specifying the broadening range of market participants.
  11. FY2022First statedAnnual report

    「The English coaching market is still in a growth phase, and competition may intensify further going forward.」

    The company intends to differentiate itself through the combined strength of service quality, technology, consultants, and learning data.
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Progrit's next results are scheduled for 2026-10-14. Read the earnings preview
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Intensifying Competition in the English Coaching Market | PROGRIT Inc. (9560) | Komori