Financial Summary for the Six Months Ended February 2027 (Interim) [Japanese GAAP] (Non-consolidated)

Overview of Results

Subaru Co., Ltd. disclosed results for its single segment, cram school business, for the interim period. Net sales were 1,608 million yen (1.5% increase YoY for the interim period). Operating loss was 14 million yen, ordinary loss was 7 million yen, and interim net loss was 26 million yen, with the deficit narrowing. By division, preschool and elementary school classes increased, while junior high and high school divisions saw mixed increases and decreases. Cash and deposits and other assets declined, but the equity ratio remains stable at 54.8%.

Outlook and Dividends

The full-year earnings forecast remains unchanged from the previous announcement. Forecasts are: net sales 3,459 million yen, operating income 195 million yen, ordinary income 204 million yen, net income attributable to owners of parent 133 million yen, and earnings per share 224.74 yen. Dividend forecast is 120 yen for the full year (0 yen at the end of the second quarter, 120 yen at year-end). Financially, long-term debt repayments are progressing and there is potential for cash flow improvement, although cash and cash equivalents have declined. The company continues initiatives to expand online education, utilize AI for self-directed learning support, and implement reciprocal distribution of video lessons.