Semiannual Report — FY2026 H1

During the interim consolidated accounting period, performance, including revenue and operating income, declined year on year, and the decline in the number of students seeking admission to Tokyo metropolitan junior and senior high schools, due in part to the Tokyo metropolitan government’s effective abolition of tuition fees for private high schools, was said to have had a significant impact on performance. At the same time, the document describes measures to strengthen the education business, including the introduction of the Double Learning System and “online class observation,” expansion into private junior and senior high schools, entry into Chiba and Saitama, and expanded camp programs.