Succeeded- entrusted with the multicultural coexistence promotion project by Oita Prefecture, expanding the services of the learning support business.
Succeed<9256> announced on the 12th that it has been entrusted with multicultural symbiosis promotion business by Oita Prefecture. According to the announcement of the Ministry of Health, Labour and Welfare, the number of foreign workers working in Japan as of the end of October of Reiwa 5 is 2,048,675, which is a record high (an increase of 225,950 compared to the previous year). As a result, the number of people who need support for studying Japanese has also increased, but there are many areas where Japanese language classrooms are unavailable. Based on this, the company provides online learning opportunities.
Succeed: Corrected Financial Report - 20th Term (2023/04/01 - 2024/03/31)
Succeed: Interim report
Succeed: Confirmation letter
Succeed: Securities Report - 20th Fiscal Year (April 1, 2023 - March 31, 2024)
Succeed - entrusted with the learning support business for single-parent families and others in Taki-cho, Mie Prefecture in fiscal year 6 of the Reiwa era.
On the 27th, Succeeded <9256> announced that it has been entrusted with the learning support project for single-parent households in Taki Town, Mie Prefecture. Single-parent households and impoverished households feel anxiety about the economy and have limited time to spend with their children on a daily basis, making it difficult to provide adequate discipline and education at home. To address the unique challenges faced by single-parent households, support for learning is provided to children of single-parent households, which helps establish learning habits and develop their own learning abilities, and thus improve the lives of children of single-parent households.
Succeed - Matters related to business plans and growth potential.
On the 25th, Succeeded <9256> announced its business plan and growth potential for the fiscal year ending March 2025. As part of its growth strategy, the company plans to open individual tutorial classrooms in areas where the school-age population is expected to increase due to declining birthrates, aiming to increase the number of classrooms from 32 in the previous period to 38, an increase of 6. The company also plans to expand its in-home tutoring business to the entire country, aiming to have 15,888 annual students (monthly basis), an increase of 131 from the previous period. They will also bid for and propose on joint civil activities.
Succeed Research Memo (12): Dividends will be initiated with an initial dividend of 14.0 yen for the fiscal year ending March 2024.
Succeed, Inc. <9256> has prioritized the development of its business infrastructure to maximize shareholder value, so it has made internal reserves as the basis for enriching its basic policies and has not paid dividends. However, it was determined that the company has reached a financially stable situation that can sustain stable dividends to shareholders while securing internal reserves for future business development. Therefore, dividends will be paid as a return on investment to the shareholders. The reference dates for year-end dividends is March 31st and for interim dividends is September 30th.
Proceed Research Memo (10): Prepaid expenses such as investment in personnel may occur, but expect increased revenue and profit
Performance trend: 3. For the performance forecast for the year ending March 2025, Succeed <9256> expects revenue of 34.01 billion yen (+5.4% YoY), operating profit of 356 million yen (+7.3%), ordinary income of 356 million yen (+7.2%), and net income of 230 million yen (+3.1%). Despite continued investment in talent and other upfront costs, the company is expected to achieve revenue and profit growth primarily driven by the recovery of the in-home tutoring business. Performance forecasts by business segment are as follows:
Succeed Research Memo (9): Other than face-to-face home tutor services, things are going smoothly.
■ Performance Trends of Succeed <9256> 2. Performance Trends by Business Segment The performance by business segment, in mainland education support business revenue was 1,057 million yen (+24.0% from the previous period) and segment profit was 141 million yen (+18.0% from the previous period), in welfare personnel support business revenue was 433 million yen (+9.6% from the previous period) and segment profit was 87 million yen (-6.3% from the previous period), and in individual instruction classroom business revenue was 1,231 million yen (+10.5% from the previous period) and segment profit was 260 million yen.
Succeed Research Memo (8): Except for face-to-face home tutoring services, things are generally going according to plan.
Performance trend: For the fiscal year ending March 2024, the performance of Succeed <9256> had a revenue of JPY 32.27 billion (+9.8% YoY), operating profit of JPY 332 million (-13.2% YoY), ordinary profit of JPY 332 million (-16.8% YoY), and net income of JPY 223 million (-17.0% YoY), compared to the initial financial estimates, there was a shortfall of JPY 212 million in revenue, JPY 112 million in operating profit, JPY 112 million in ordinary profit, and JPY 74 million in net income.
Succeed Research Memo (7): Considerations for Balancing Online and In-Person Formats in Expansion
■Business Content 4. Succeed Inc. <9256> operates "Home Tutoring Succeed" in two formats: face-to-face and online. While the introduction of face-to-face home tutoring has been the main business in the Tokyo metropolitan area and Kansai region, a new service called online home tutoring has been created to respond to online needs during the COVID-19 pandemic. In the face-to-face home tutoring service, tutors are concentrated in the Tokyo metropolitan area and Kansai region where major universities are located, and referral is available in other regions.
Succeed Research Memo (6): Start of dominant of "Individual guidance academy Succeed" even in Chiba Prefecture.
■ Business Overview 3. Individual instruction classroom business The number of students in the learning juku and preparatory school market has increased due to the revision of the learning guidance guidelines for "escaping from the relaxed education" in 2008, which has led to an increase in the need for learning juku. Since then, it has remained largely flat due to the declining birthrate, but the education expenses per child have been increasing year by year, as symbolized by Six Pocket, and the number of middle school exam takers has been on the rise. The age of students is getting younger and the number of non-test takers is increasing.
Succeed Research Memo (4): Introducing and dispatching ICT support staff and club instructors to schools and municipalities.
■ Business of Succeed<9256>1. Mainland education personnel support business In the mainland education personnel support business, we introduce and dispatch personnel involved in education such as ICT support personnel, school teachers, extracurricular activity instructors, and Japanese language teachers to schools and local governments, and also undertake business outsourcing. We also provide services to other learning institutions such as private cram schools and preparatory schools by introducing and dispatching personnel such as tutors and classroom managers. Especially for school teachers, they are burdened with student guidance, extracurricular activity instruction, mandatory English education, and programming education.
Succeed Research Memo (2): Expanding talent services targeting the education and welfare industry and educational services with its own brand.
Company Overview 1. The company overview of Sakseed <9256> is to "solve the social issues of education and welfare and create a better future", providing specialized talent services and educational services under its own brand for the education and welfare industry. In the talent services, we provide talent introduction, talent dispatch, and entrusted business for the education industry, nursery and welfare industry. In the educational services, we offer individual tutoring classrooms and home tutor introduction businesses. The individual tutoring classrooms are located mainly in Kanagawa Prefecture with 32 classrooms.
Succeeded - entrusted by the Kawashishi Education Committee in Hyogo Prefecture for after-school learning support for junior high school students.
On the 25th, Succeed <9256> announced that it had been commissioned by the Kawashi City Board of Education in Hyogo Prefecture to provide learning class services for junior high school students. The company will utilize the know-how it has gained through individual tutoring operations to provide after-school learning support. For junior high school students who are anxious about learning, the company will use the classrooms of junior high schools after school hours to conduct learning diagnostic tests, create teaching materials based on test results, provide detailed guidance and response to questions, and also provide consultation and support to students and their parents.
Succeed has been contracted to promote the local transition of extracurricular activities in Yokohama City for the 6th year of the Reiwa era.
Succeed <9256> announced on the 18th that it has been entrusted with the Reiwa 6th year club activity regional transfer promotion project from Yokohama City. The company selects instructors by utilizing the database of educational personnel it owns and operates club activities on holidays. We will make efforts to meet the expectations of Yokohama City, which aims to provide students with sustainable club activity venues and utilize private personnel services to solve the issue of teacher overwork that has recently become prevalent. We will further expand this service through our business development.
Succeed --- increased sales for the fiscal year ended March 24, and the education human resource support business achieved a 2-digit increase in sales and profit
Succeed <9256> announced financial results for the fiscal year ending 2024/3 on the 9th. Net sales increased 9.8% from the previous fiscal year to 3.227 billion yen, operating profit decreased 13.2% to 332 million yen, ordinary profit decreased 16.8% to 332 million yen, and net income decreased 17.0% to 223 million yen. Sales of the education human resource support business increased 24.0% from the previous fiscal year to 1,057 million yen, and segment profit increased 18.0% from the same period to 141 million yen. In ICT support staff dispatch services, D at educational sites
Succeed --- surplus dividend, 14 yen per share
Succeed <9256> announced on the 9th that it will pay dividends from surplus funds with 2024/3/31 as the reference date. The dividend per share is 14 yen 00 sen, the total amount of dividends is 50 million yen, and the effective date is 2024/6/13. Until now, the company's basic policy was to enhance internal reserves, which are the source capital, based on the idea that prioritizing the development of a business infrastructure will contribute to maximizing shareholder value, and has not implemented dividends. However, while securing internal reserves in preparation for future business development, shareholders
SUCCEED: (Correction/Numerical Data Correction) Notice Concerning Partial Corrections to the “Financial Results Summary for the Fiscal Year Ending March 31, 2024 [Japanese GAAP] (Unconsolidated)”
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