Komori
Results9769GAKKYUSHA CO.,LTD.Information and Communications, Services and Others

Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the interim period of the fiscal year ending March 2027, revenue fell 2.5% year on year and operating profit fell 8.5%, mainly due to a decline in the number of students seeking admission to metropolitan junior and senior high schools. The full-year earnings forecast was left unchanged, while the annual dividend forecast was increased from the previous fiscal year's actual dividend of ¥103 to ¥127.

Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-2.5
% (Net sales, year on year)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales6,399¥ millionYear on year -2.5%Progress 43.7%
Operating profit1,325¥ millionYear on year -8.5%Progress 41.0%
Ordinary income1,352¥ millionYear on year -9.0%Progress 41.7%
Net income attributable to owners of the parent832¥ millionYear on year -8.6%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥76.64
Financial position at period-end
Total assets12,715¥ million
of which net assets 8,397 ¥ millionEquity ratio 66.0%vs. prior year-end +1.0pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Segment revenueEducation Business ¥6,032 million (YoY -3.0%), Real estate business ¥86 million (YoY +2.8%), Other ¥288 million (YoY -12.0%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥14,656 million (YoY +12.1%)
Operating profit¥3,235 million (YoY +11.4%)
Ordinary income¥3,240 million (YoY +7.8%)
Profit attributable to owners of the parent¥2,186 million (YoY +18.3%)
Annual Dividend Forecast¥103 /share → ¥127 /share(+23.3%)
Factors Behind Changes in Business Performance

The education business posted lower revenue due to changes in market conditions against a backdrop that included the effective elimination of private high school tuition fees by the Tokyo Metropolitan Government, a decline in the number of students seeking admission to metropolitan junior and senior high schools, and a decrease in the number of schools following closures in the previous fiscal year. This was partly offset by an increase in students at overseas schools, stable operations in the real estate business and an increase in the number of schools under contract in the human resources services business, while advertising-related revenue declined.

Disclosure regarding the going concern assumption

Not applicable

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNot applicable (no material changes)
Impairment loss¥5,323 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥1,446 thousand / Extraordinary loss Impairment Losses ¥5,323 thousand, Loss on disposal of non-current assets ¥21,901 thousand, Loss on cancellation of lease agreements ¥890 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End10,968,356 shares
Treasury Shares at Period-End100,163 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026–30 September 2026
Net Sales¥6,399 million (YoY -2.5%)
Operating profit¥1,325 million (YoY -8.5%)
Ordinary income¥1,352 million (YoY -9.0%)
Profit attributable to owners of the parent¥832 million (YoY -8.6%)
Net income per share¥76.64
Equity ratioEnd of the current fiscal period 66.0% / End of previous period 65.0%
Total assets¥12,715 million
Net assets¥8,397 million
Full-year earnings forecastNet Sales ¥14,656 million (YoY +12.1%) / Operating profit ¥3,235 million (YoY +11.4%) / Ordinary income ¥3,240 million (YoY +7.8%) / Profit attributable to owners of the parent ¥2,186 million (YoY +18.3%)
Annual Dividend Forecast¥103 /share → ¥127 /share(+23.3%)
Segment revenueEducation Business ¥6,032 million (YoY -3.0%), Real estate business ¥86 million (YoY +2.8%), Other ¥288 million (YoY -12.0%)
Impairment loss¥5,323 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥1,446 thousand / Extraordinary loss Impairment Losses ¥5,323 thousand, Loss on disposal of non-current assets ¥21,901 thousand, Loss on cancellation of lease agreements ¥890 thousand
Disclosure regarding the going concern assumptionNot applicable
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNot applicable (no material changes)
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End10,968,356 shares
Treasury Shares at Period-End100,163 shares
Factors Behind Changes in Business PerformanceThe education business posted lower revenue due to changes in market conditions against a backdrop that included the effective elimination of private high school tuition fees by the Tokyo Metropolitan Government, a decline in the number of students seeking admission to metropolitan junior and senior high schools, and a decrease in the number of schools following closures in the previous fiscal year. This was partly offset by an increase in students at overseas schools, stable operations in the real estate business and an increase in the number of schools under contract in the human resources services business, while advertising-related revenue declined.
Items this document does not state (13)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment profitRegional salesOrders received and order backlogDepreciation and amortizationMaterial subsequent events

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.

Market conditions changed against a backdrop that included the effective elimination of private high school tuition fees by the Tokyo Metropolitan Government, and the decline in the number of students seeking admission to metropolitan junior and senior high schools, an area in which the group is strong, had a significant impact on performance. Revenue declined in the elementary and junior high school student, individual instruction and university entrance examination divisions due to declines in enrolled students and the decrease in the number of schools following closures in the previous fiscal year.

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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | GAKKYUSHA CO.,LTD. (9769) timely disclosure | Komori