Notice of an Upward Revision to the Second Quarter Consolidated Earnings Forecast
and Full-year Consolidated Earnings Forecast

 

Meiko Network Japan Co., Ltd. (the “Company”) hereby announces that, at the meeting of its Board of Directors held on January 13, 2022, the Company resolved to upward revise its consolidated earnings forecast for the second quarter of the fiscal year ending August 31, 2022 and for the full-year of the fiscal year ending August 31, 2022 that it announced on October 14, 2021.

 

1.  Revised Consolidated Earnings Forecast for the Second Quarter of This Term (September 1, 2021 to February 28, 2022)

 

Net Sales

Operating Profit

Ordinary Profit

Profit attributable to owners of parent

Profit Per Share

Previously announced forecast (A)

¥10,100 million

¥952 million

¥980 million

¥590 million

¥23.52

This revised forecast (B) 

¥10,100 million

¥952 million

¥1,017 million

¥967 million

¥38.55

Change (B - A)

0

0

＋¥37 million

＋¥377 million

 

Percentage change (%)

0.0％

0.0％

＋3.8％

＋63.9％

 

Reference: Consolidated results for the previous term (2Q of the FY Aug. 2021)

¥9,744 million

¥930 million

¥1,016 million

¥666 million

¥26.57

 

2.  Revised Full-year Consolidated Earnings Forecast for the Fiscal Year Ending August 31, 2022 (September 1, 2021 to August 31, 2022)

 

Net Sales

Operating Profit

Ordinary Profit

Profit attributable to owners of parent

Profit Per Share

Previously announced forecast (A)

¥19,800 million

¥1,040 million

¥1,100 million

¥660 million

¥26.31

This revised forecast (B) 

¥19,800 million

¥1,040 million

¥1,114 million

¥1,025 million

¥40.86

Change (B - A)

0

0

＋¥14 million

＋¥365 million

 

Percentage change (%)

0.0％

0.0％

＋1.3％

＋55.3％

 

Reference: Consolidated results for the previous fiscal year (FY Aug. 2021)

¥19,039 million

¥969 million

¥1,113 million

¥1,140 million

 ￥45.47

 

3.  Reason for the Revision

As announced in the press release “Notice of the Recording of an Extraordinary Gain (Gain on the Sale of Shares in an Affiliated Company)” dated December 7, 2021, the Company sold its shares of an affiliated company (Applicable subsidiary: Kobetsu Shingakukan CO., Ltd.) to WASEDA ACADEMY CO., LTD.
As a result of this, an extraordinary gain (gain on the sale of shares in an affiliated company) was posted in total during the first quarter of the fiscal year ending August 31, 2022.
Therefore, the Company upwardly revised its consolidated earnings forecast for the second quarter of the fiscal year ending August 31, 2022 and for the full-year consolidated earnings forecast for the fiscal year ending August 31, 2022.

 

Although uncertainty continues due to the spread of the COVID-19 variant “Omicron variant,” the Meiko Gijuku business, our core business, is performing well and both net sales and operating profit remain unchanged.
The Company will concentrate its management resources to promote "Fan and Fun Innovation" the Mid-term Management Plan announced on October 14, 2021. The Company will accelerate efforts to open new schools with new school formats in its existing business, to improve customer engagement, and strengthen efforts for its new personnel business.

 

As announced on October 14, 2021, the Company plans to pay an annual dividend of 22 yen per share in its annual dividend forecast for the fiscal year ending August 31, 2022.
This amount is an increase of 2 yen from the previous year's dividend of 20 yen per share, consisting of a 11 yen dividend at the end of the second quarter and a 11 yen dividend at the end of the fiscal year.

 

Note: The Company has prepared the abovementioned earnings forecast based on information available at this time. It is possible that actual business performance may differ to the forecast figures due to various factors in the future.