Low barriers to entry, instructor transfers, and imitation of teaching materials
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024RestatedAnnual report
「A characteristic of the cram-school industry is its low barriers to entry. This is evident from the frequent opening and closing, withdrawal and dissolution of new preparatory schools, as well as mergers and consolidations within the industry. At the same time, we recognize that the industry's distinctive nature includes exposure to several risks, such as teachers changing employers or being recruited away and the imitation of know-how for creating teaching materials.」
Low barriers to entry, teacher mobility and poaching, and imitation of teaching-materials know-how remain industry risks. - FY2023WorsenedAnnual report
「Moreover, amid intense competition, the Group is working to increase student numbers by differentiating itself through stronger preparation programs for entrance examinations to Tokyo metropolitan integrated middle and high schools and highly selective Tokyo metropolitan high schools. However, if its admission results decline relative to those of competitors or the number of applicants to the target schools decreases, this could affect the Group’s performance and other aspects of its business.」
In addition to the previously identified risks of low barriers to entry, instructor transfers and poaching, and imitation of teaching materials, the disclosure now specifically describes the impact of weaker admission results relative to competitors and a decline in the number of applicants to target schools. - FY2020RestatedAnnual report
「A characteristic of the cram-school industry is its low barriers to entry. This is evident from the frequent opening and closing, withdrawal and dissolution of new preparatory schools, as well as mergers and consolidations within the industry. At the same time, we recognize that the industry's distinctive nature includes exposure to several risks, such as teachers changing employers or being recruited away and the imitation of know-how for creating teaching materials.」
Low barriers to entry, teacher mobility and poaching, and imitation of teaching-materials know-how remain industry risks. - FY2018RestatedAnnual report
「A characteristic of the cram-school industry is its low barriers to entry. This is evident from the frequent opening and closing, withdrawal and dissolution of new preparatory schools, as well as mergers and consolidations within the industry. At the same time, we recognize that the industry's distinctive nature includes exposure to several risks, such as teachers changing employers or being recruited away and the imitation of know-how for creating teaching materials.」
Low barriers to entry, teacher mobility and poaching, and imitation of teaching-materials know-how remain industry risks. - FY2016First statedAnnual report
「A characteristic of the cram-school industry is its low barriers to entry. This is evident from the frequent opening and closing, withdrawal and dissolution of new preparatory schools, as well as mergers and consolidations within the industry. At the same time, the industry is exposed to several risks, including teachers changing employers or being recruited away and the imitation of know-how for creating teaching materials.」
Risks include new openings and withdrawals resulting from low barriers to entry, teacher mobility and poaching, and imitation of teaching-materials know-how.