Earnings Forecasts

Earnings Forecast for FY2022

Regarding net sales, growth is expected to continue in the Nursing Care and Childcare business due to an increase in the number of homes for the elderly, and is also expected to continue in the Cram schools /Classroom business and School & Teacher Support business. However, due to a loss in sales as a result of the Berlitz Corporation share transfer, and as membership of Shinkenzemi and Kodomo Challenge in April 2022 is at 2.49 million, a decrease on the previous year, we predict net sales of 426 billion yen, a 1.4% YoY decrease.

Regarding net income, as the share transfer of Berlitz Corporation removes its operating loss and ordinary loss from our results, and as we expect an increase in profit due to an increase in net sales across all businesses, we expect operating income of 25 billion yen, up 24% from the previous year, and ordinary income of 19.5 billion yen, a YoY increase of 26.6%. In addition, net income attributable to owners of the parent is projected to be 13.5 billion yen, a 12.4 billion increase on the previous year, mainly due to the loss on sales of shares of subsidiaries in FY2021 financial results not occurring in FY2022.

Note: The above forecasts are based on information currently available to the Company and on certain assumptions considered reasonable. Actual results could differ substantially from forecasts for any number of reasons, including but not limited to the COVID-19 pandemic.

* Net Income (Loss) Attributable to Owners of the Parent

Last updated : 2022/05/27