Seasonal fluctuations in the education and training business
First written in FY2025. 1 of 2 entries say "Reframed", first in FY2026-H1. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1ReframedAnnual report
「Historically, expenses were concentrated in the fourth quarter (July to September), but in the current fiscal year, we brought forward and increased hiring and invested in new businesses from the beginning of the fiscal year, causing expenses to be incurred earlier than usual and to be spread more evenly across the full year.」
The Company explains that, whereas expenses had traditionally been concentrated in the fourth quarter, bringing forward and increasing hiring and investing in new businesses resulted in expenses being incurred earlier and spread more evenly across the full year. - FY2025First statedAnnual report
「As a result, the Group's revenue and profit exhibit a degree of seasonality, which we address by forecasting and monitoring periods of concentration. In addition, depending on the progress toward achieving the Group's annual budget, we may make strategic investments, mainly in advertising, during the fourth quarter (July to September) to support growth in the following fiscal year.」
The Company indicates that revenue and profit may fluctuate seasonally due to sales being concentrated in the second quarter in line with the academic year and strategic investment in the fourth quarter.