Decline in student dormitory contracts due to a decrease in the number of preparatory school students
First written in FY2018. 1 of 2 entries say "Mitigated", first in FY2019. Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019MitigatedAnnual report
「Demand for the student dormitory business remained high due to the rising rate of advancement to higher education and the increase in overseas students. With the addition of new dormitories, including 2 international student residences, and new partnerships with universities, the number of contracts increased, and revenue from student dormitories was ¥25,831 million, up 2.2% year on year.」
Unlike the previously reported decline in student dormitory contracts due to a decrease in preparatory school students, student dormitory contracts increased, driven by the higher rate of advancement to higher education, demand from overseas students, new dormitories and university partnerships. - FY2018First statedAnnual report
「However, partly due to the nationwide decline in the number of preparatory school students, the number of contracted residents in the company's student dormitories was 20,199, down 221 from the previous fiscal year, while revenue was ¥25,272 million, down 0.0% year on year.」
The company states that the decline in the number of preparatory school students actually contributed to the 221-person year-on-year decrease in student dormitory contracts.