Meiko Network Japan Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended November 30, 2014; Provides Earnings Guidance for the First Half Year and Full Year Ending August 2015
January 14, 2015 at 10:30 am
Share
Meiko Network Japan Co., Ltd. announced consolidated earnings results for the first quarter ended November 30, 2014. For the quarter, the group reported net sales of ¥3,876 million, operating income of ¥331 million, ordinary income of ¥457 million and net income of ¥353 million or ¥12.80 per share compared to net sales of ¥3,316 million, operating income of ¥612 million, ordinary income of ¥641 million and net income of ¥382 million or ¥13.86 per share reported in the same period last year. Income before income taxes and minority interests was ¥559.2 million against ¥641.1 million reported last year.
For the year ending August 2015, the group expects to report net sales of ¥19,420 million, operating income of ¥3,500 million, ordinary income of ¥3,620 million and net income of ¥2,260 million or ¥81.87 per share.
For the half year of the fiscal year ending August 2015, the group expects to report net sales of ¥9,580 million, operating income of ¥1,730 million, ordinary income of ¥1,800 million and net income of ¥1,160 million or ¥42.02 per share.
MEIKO NETWORK JAPAN CO., LTD. is mainly engaged in the operation of cram school business. The Company operates in three business segments. The Meiko Cram School Direct Operation segment is engaged in the provision of teaching guidance and the sale of teaching materials and text books. The Meiko Cram School Franchise segment provides guidance to classroom setting up and operation, and sells classroom supplies, machines, teaching materials, among others. The Preparatory Schools segment is involved in the operation of specialty cram schools for medical college entrance exam. The Others segment is engaged in the operation of soccer schools for children, individual tutoring cram schools for high academic level, long-term tutoring cram schools, as well as the publishing of academic textbooks, among others.
Meiko Network Japan Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended November 30, 2014; Provides Earnings Guidance for the First Half Year and Full Year Ending August 2015