Earnings Forecast for FY2023
Regarding net sales, although the enrollment in Shinkenzemi and Kodomo Challenge in Japan decreased to 2.21 million in April 2023 from the same period last year, we predict net sales of Â¥423.0 billion, a 2.7% YoY increase, due to growth in the Nursing Care and Childcare Business resulting from an expansion in the number of nursing homes, as well as price revisions in each business type of the Education Business in Japan, and growth in the School & Teacher Support Business and the University and Working Adult Business.
Regarding income, we expect operating income to increase 4.3% YoY to Â¥21.5 billion, ordinary income to increase 0.7% YoY to Â¥16.0 billion, and net income attributable to owners of the parent to increase 1.3% YoY to Â¥11.5 billion, mainly due to increased profits from increased sales.
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.* Net Income (Loss) Attributable to Owners of the Parent