Student numbers at MEIKO NETWORK JAPAN CO.,LTD., which operates Meiko Gijuku, have rapidly recovered to more than 100,000. The outlook for revenue and profit this fiscal year is moving toward an upward revision.
MEIKO NETWORK JAPAN CO.,LTD. operates the Meiko Gijuku one-on-one tutoring school business for elementary, junior high and high school students nationwide and forecasts revenue of ¥27.0 billion and operating profit of ¥1.7 billion for the current fiscal year. Revenue is expected to increase approximately 3.7% year on year and operating profit approximately 12.5%. Student numbers have exceeded 100,000, supporting improvement in business profitability.
The outlook was disclosed after revising the three-year medium-term management plan ending in the fiscal year ending August 2027. In its earnings announcement, the company raised the revenue target from ¥26.5 billion to ¥27.0 billion, while revising the operating profit target downward from ¥2.0 billion, set in last year’s upward revision, to ¥1.7 billion.