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PrintingJapanese

Last updated : 2009/10/01

Language Company

Main Business

Berlitz International Inc.

[Language instruction]


Simul International, Inc.

[Interpretation, translation and language instruction service]


GTEC

[Global Test of English Communication]

Berlitz International Inc. Simul International, Inc.

Review of Fiscal 2008 Results

Consolidated net sales were ¥68.3 billion, 0.9% increase year on year.

This rise was mainly due to an increase in the number of lessons provided, particularly in Europe, at Berlitz International, Inc., which sought to provide lessons matched to customer needs amid a rapidly deteriorating world economy. Another reason was higher sales in the ELS business, which provides intensive language training to prospective foreign students.

Operating income was ¥3.9 billion, down 37.0% year on year, despite higher earnings from increased sales at Berlitz International, Inc. The overall operating income result reflected the annual amortization of goodwill in Berlitz International, Inc. effective from fiscal 2008 following a change in accounting standards.

Net Sales / Operating Income(Loss) (Years ended December 31)

Net Sales / Operating Income

Number of Lessons in Berlitz Own-Operated Language Centers (Years ended December 31)

(Thousand lessons)
Area 2004 2005 2006 2007 2008 Change
North America

983

981

970

966

906

(6.2%)

Asia

1,815

1,869

1,962

2,068

2,051

(0.9%)

Latin America

1,191

1,333

1,400

1,462

1,453

(0.6%)

Europe

2,335

2,334

2,538

2,647

2,844

7.5%

Total

6,325

6,519

6,872

7,145

7,256

1.6%

Number of BerIitz Language Centers and Franchises (As of December 31)

2004 2005 2006 2007 2008
BerIitz Language Centers (Company Operated)

391

378

382

385

380

BerIitz Franchises

73

76

84

92

101

ELS Facilities (Company Operated)

41

41

42

46

49

ELS Franchises

30

34

34

34

31

Total

535

529

542

557

561

Location and Number of Berlitz Language Centers and Franchises (As of December 31, 2008)

Americas Asia Middle East
/ Europe
Total
BerIitz Language Centers (Company Operated)

143

81

156

380

Berlitz Franchises

33

8

60

101

ELS Facilities (Company Operated)

48

1

0

49

ELS Franchises

3

16

12

31

Total

227

106

228

561