Waseda Academy revised its earnings forecast upward, raising first-half operating profit from the previous forecast of ¥1.87 billion to ¥2.54 billion and the full-year figure to ¥4.77 billion. Enrollment for the summer camp and intensive summer training programs was strong, and the annual dividend was also raised from ¥75 to ¥85.
Waseda Academy announced an upward revision to its earnings forecast the previous day, with first-half operating profit raised from the previous forecast of ¥1.87 billion to ¥2.54 billion. The figure is also expected to come in significantly above the year-earlier period.
The full-year profit forecast was raised from ¥4.24 billion to ¥4.77 billion, with the year-on-year growth rate also expected to improve. Strong enrollment for the summer camp and intensive summer training programs was cited as a factor contributing to earnings.
The share price rebounded sharply, with the company's positive news attracting market attention. At the same time, developments ahead are expected to remain under close watch.
The annual dividend was also raised from the previous plan of ¥75 to ¥85, signaling a proactive dividend policy.