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Earnings9795STEP CO.,LTD.Information and Communications, Services and Others

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending September 2026 [Japanese GAAP] (Non-consolidated)

For the interim period of the fiscal year ending September 2026, net sales increased 2.4% year on year and operating income increased 1.2%, resulting in higher earnings at every profit level. The full-year earnings forecast remains unchanged, while the annual dividend forecast has been raised from the previous fiscal year's actual dividend of ¥85 to ¥88.

Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
197
million yen
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 October 2025–31 March 2026Non-consolidated (standalone)Japanese GAAP
Net Sales8,356million yenYear on year +2.4%Progress 50.7%
Operating profit2,380million yenYear on year +1.2%Progress 60.4%
Ordinary income2,426million yenYear on year +1.2%Progress 60.3%
Net income attributable to owners of the parent1,697million yenYear on year +2.7%Progress 61.6%

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¥108.55
Financial position at period-end
Total assets30,618million yen
of which net assets 27,743 million yenEquity ratio 90.6%vs. prior year-end +0.9pt

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.

Cash inflows and outflows
Operating+1,575
Investment-1,625
Financials-1,208
Net change-1,258

Stacked from zero: upward is an increase in cash, downward a decrease (in million yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period6,320 million yen
Segment revenueNot disclosed (omitted because the company has a single segment, the cram-school business)
Segment profitNot disclosed (omitted because the company has a single segment, the cram-school business)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales16,494 million yen (YoY +4.1%)
Operating profit3,942 million yen (YoY +4.3%)
Ordinary income4,022 million yen (YoY +4.0%)
Net income2,754 million yen (YoY +2.4%)
Revision to Earnings ForecastNo revisions
Annual Dividend Forecast85 yen → 88 yen
Factors Behind Changes in Business Performance

Entrance examination results were strong in both the elementary and junior high school division and the high school division. Student enrollment was also strong, with the average number of students during the period increasing 2.6% year on year. The company increased student numbers by improving overall classroom occupancy, adding classes for fully enrolled grades, and opening new schools.

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
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 29,763 thousand yen / Extraordinary loss No recognition
Depreciation and amortization273 million yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors)
Issued Shares at Period-End16,670,000 shares
Treasury Shares at Period-End1,171,572 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (standalone)
Period Covered1 October 2025–31 March 2026
Net Sales8,356 million yen (YoY +2.4%)
Operating profit2,380 million yen (YoY +1.2%)
Ordinary income2,426 million yen (YoY +1.2%)
Profit attributable to owners of the parent1,697 million yen (YoY +2.7%)
Net income per share¥108.55
Equity ratioEnd of the current fiscal period 90.6 / End of previous period 89.7
Total assets30,618 million yen
Net assets27,743 million yen
Cash flows from operating activities1,575 million yen
Cash flows from investing activities-1,625 million yen
Cash flows from financing activities-1,208 million yen
Cash and cash equivalents at end of period6,320 million yen
Full-year earnings forecastNet Sales 16,494 million yen (YoY +4.1%) / Operating profit 3,942 million yen (YoY +4.3%) / Ordinary income 4,022 million yen (YoY +4.0%) / Net income 2,754 million yen (YoY +2.4%)
Revision to Earnings ForecastNo revisions
Annual Dividend Forecast85 yen → 88 yen
Segment revenueNot disclosed (omitted because the company has a single segment, the cram-school business)
Segment profitNot disclosed (omitted because the company has a single segment, the cram-school business)
Depreciation and amortization273 million yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 29,763 thousand yen / Extraordinary loss No recognition
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
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors)
Issued Shares at Period-End16,670,000 shares
Treasury Shares at Period-End1,171,572 shares
Factors Behind Changes in Business PerformanceEntrance examination results were strong in both the elementary and junior high school division and the high school division. Student enrollment was also strong, with the average number of students during the period increasing 2.6% year on year. The company increased student numbers by improving overall classroom occupancy, adding classes for fully enrolled grades, and opening new schools.
Items this document does not state (8)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossChanges in the scope of consolidationMaterial 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.

The company cited strong entrance examination results in both the elementary and junior high school division and the high school division, strong student enrollment that increased the average number of students during the period by 2.6% year on year, and measures including adding classes for fully enrolled grades at existing schools and opening new schools.

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.
Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending September 2026 [Japanese GAAP] (Non-consolidated) | STEP CO.,LTD. (9795) timely disclosure | Komori