Tokyo Individualized Educational Institute, Inc. Reports Non-Consolidated Earnings Results for the First Six Months Ended August 31, 2018; Revises Earnings Guidance for the Year Ending February 28, 2019
October 03, 2018 at 10:49 am EDT
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Tokyo Individualized Educational Institute, Inc. reported non-consolidated earnings results for the first six months ended August 31, 2018. For the period, the company reported net sales of JPY 9,470 million against JPY 8,918 million for the same period a year ago. Operating income was JPY 578 million against JPY 461 million for the same period a year ago. Ordinary income was JPY 580 million against JPY 462 million for the same period a year ago. Net income was JPY 421 million or JPY 7.77 per share against JPY 274 million or JPY 5.05 per share for the same period a year ago.
The company revised earnings guidance for the year ending February 28, 2019. For the year, the company expects net sales of JPY 20,100 million, operating income of JPY 2,730 million, ordinary income of JPY 2,732 million, net income of JPY 1,835 million and net income per share of JPY 33.80.
Tokyo Individualized Educational Institute, INC. is a Japan-based company mainly engaged in the tutoring education business. Private tutoring schools are mainly located in Tokyo, Kanagawa, Chiba, and Saitama prefectures in the Tokyo metropolitan area, Hyogo and Osaka prefectures in the Kansai area, Osaka prefecture and Kyoto prefecture, Aichi prefecture in the Tokai area, and Fukuoka prefecture in the Kyushu area. Benesse science class develops children's interest in science through scientific experiments. Benesse article expression class develops children's thinking, expression and communication skills through writing. The classes are mainly in Tokyo, Kanagawa and Saitama prefecture. CCDnet is an Internet classroom that provides individualized instruction.
Tokyo Individualized Educational Institute, Inc. Reports Non-Consolidated Earnings Results for the First Six Months Ended August 31, 2018; Revises Earnings Guidance for the Year Ending February 28, 2019
TOKYO INDIVIDUALIZED EDUCATIONAL INSTITUTE, INC. 
