Full-Year Earnings Presentation Materials for the Fiscal Year Ended August 2026

Overview of Performance

For the fiscal year ended August 2026, consolidated results set record highs with revenue of 7,647 million yen, operating income of 1,521 million yen, and net income attributable to owners of parent of 1,110 million yen. The inclusion of the EC company in consolidation led to revenue growth of +33.1% year-over-year, operating income +26.5%, and net income +25.0%, demonstrating solid profitability. Gross profit was 5,617 million yen, and gross profit margin remained broadly in the 72% range. The equity ratio declined to 36.3% due to an increase in cash-like assets and higher long-term borrowings.

Outlook and Capital Allocation

For the full year of the fiscal year ending August 2027, management forecasts revenue of 9,500 million yen and operating income of 1,750 million yen. Growth is assumed from English coaching and subscription-based English learning services, with continued smoothing of investments between the first and second halves. The dividend policy targets a payout ratio of 30% as a guideline to provide stable dividends; the year-end dividend for the fiscal year ended August 2026 is planned at 11 yen (including an interim dividend of 11 yen for an annual total of 22 yen).