Komori
Subaru (9778) · RiskReframed

Impact of Public High Schools Operating Below Capacity on Students’ Motivation to Learn and the Development of Local Human Resources

First written in FY2017. 5 of 11 entries say "Reframed", first in FY2023. Latest entry: 2026-10-15.

11entries
10years
3from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2017 – FY2018ReframedFY2023 – FY20242017: 120172018: 120182019: 020192020: 020202021: 020212022: 020222023: 120232024: 220242025: 220252026: 42026
Same theme, other companies
Compound changes in the education and childcare environment caused by declining birthratesA theme 4 companies write about · 4 as a headwind · 0 as a tailwind

Subaru moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).

1 other company's latest entry also says "Reframed".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026ReframedAnnual report

    「The current educational environment surrounding the cram-school industry is one in which the declining birth rate is accelerating and competition for public high schools is falling. In addition, tuition-free high school education has broadened the option of attending distinctive private high schools, and the need to attend cram school to prepare for high school entrance examinations is showing a slight downward trend.」

    It links the existing issue of declining competition for public high schools with the wider choice of private high schools resulting from tuition-free high school education and the declining need to attend cram school to prepare for high school entrance examinations.
  2. 2026-04-27ReframedGeneral Meetings of Shareholders

    「We view free high school tuition as an opportunity to expand our business and will also consider providing new services.」

    The Company positions the shortage of applicants for public high schools and free high school tuition not only as factors reducing demand for cram schools, but also as opportunities to expand the business through new services.
  3. FY2026-H1ReframedAnnual report

    「The current educational environment surrounding the cram-school industry has seen a wider range of options for attending private high schools, partly due to the impact of free high school tuition, resulting in more public high schools with lower competition ratios. Many high schools and departments in the regions where we operate also have unfilled enrollment capacity. The perceived need for families to send their children to cram schools to prepare for high school entrance examinations has also declined, while persistently high consumer prices have contributed to the lack of growth in cram-school attendance.」

    It links the existing issue of public high schools operating below capacity with the wider choice of private high schools resulting from tuition-free education and the declining need to attend cram school to prepare for high school entrance examinations.
  4. FY2025SoftenedAnnual report

    「In the cram-school industry, particularly in southern Kyushu, our main market, many public high schools continue to operate below capacity.」

    It reiterates the continuing situation in which public high schools are operating below capacity, but does not include the specific figure of more than 80% reported in the previous interim period.
  5. FY2025-H1WorsenedAnnual report

    「In the cram-school industry, particularly in Kagoshima Prefecture, more than 80% of public high schools are operating below capacity as society's declining birth rate progresses, creating an environment in which it is difficult to motivate students to prepare for entrance examinations and continue studying.」

    It shows that more than 80% of public high schools in Kagoshima Prefecture are operating below capacity, specifying this as an environment in which it is difficult to motivate students to prepare for entrance examinations or continue studying.
  6. FY2024SoftenedAnnual report

    「The declining birth rate has reduced application ratios for public high school general entrance examinations, and many high schools and departments in the regions where we operate are falling short of capacity. This situation is causing the polarisation of academic achievement and is having a significant impact on the business environment.」

    It continues to describe falling application ratios for public high schools, schools falling short of capacity and the polarisation of academic achievement, but does not include the specific figures reported in the previous fiscal year, namely the record-low application ratio and nearly 90% of schools falling short of capacity.
  7. FY2023ReframedAnnual report

    「The declining birth rate has reduced application ratios for public high schools. In Kagoshima Prefecture, the application ratio for the 2023 general entrance examinations for public high schools reached a record low, with nearly 90% of high schools falling short of capacity, significantly affecting the business environment. This situation is particularly pronounced in areas outside Kagoshima City, and we believe the polarisation of academic achievement will continue to advance.」

    It presents the existing theme of public high schools falling short of capacity and declining motivation to study as specific business-environment issues, including the record-low application ratio in fiscal 2023, nearly 90% of high schools in Kagoshima Prefecture falling short of capacity, and the polarisation of academic achievement.
  8. FY2018DroppedAnnual report
    The decline in motivation to study due to public high schools falling short of capacity, and the impact on developing local talent, are not explicitly stated in this filing.
  9. FY2017First statedAnnual report

    「As the birth rate declines, public high schools are naturally experiencing vacancies when the traditional class capacity remains at 40 students. As a result, a tendency has become established in the community for children not to study from elementary school onward because they believe they can enter a public high school without studying very hard.」

    It describes public high schools falling short of capacity and the resulting decline in motivation to study as current local issues. It also indicates a policy of continuing to engage with and communicate to boards of education.
Moved together

"Uncertainty Surrounding Economic Recovery, Falling Stock Prices, Yen Appreciation and Stagnant Personal Consumption" moved the same way as this thread, in the same document, in 5 of its 11 moves.

553222★123456
  1. ★This thread
  2. 1Uncertainty Surrounding Economic Recovery, Falling Stock Prices, Yen Appreciation and Stagnant Personal Consumption5×
  3. 2Declining School-Age Population Due to the Falling Birthrate and Intensifying Competition Among Private Tutoring Schools5×
  4. 3Impairment Losses Due to Declining Land Prices and Intensifying Competition3×
  5. 4Increasing difficulty securing personnel against a backdrop of the declining birthrate2×
  6. 5Temporary Closure and Reopening of Classes Due to COVID-192×
  7. 6Recovery of customer acquisition in the cram-school industry to pre-pandemic levels2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Subaru yet. It last moved in the Earnings of 2026-10-15: "Reframed".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Impact of Public High Schools Operating Below Capacity on Students’ Motivation to Learn and the Development of Local Human Resources | SUBARU CO.,LTD. (9778) | Komori