SHUEI YOBIKO Co., Ltd. (TSE:4678) revised its earnings forecast for the fiscal period ending March 31, 2026, citing lower-than-expected student numbers and special losses related to school relocations.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | 10,880 | 10,715 | -164 / -1.5% |
| Operating Profit | 412 | 453 | -41 / -10.0% |
| Ordinary Income | 417 | 461 | -44 / -10.6% |
| Net Profit | 200 | 43 | -156 / -78.3% |
| EPS | 29.80 | 6.45 | -23.35 / -78.3% |
The company attributed the downward revision to a decline in middle and high school student numbers in the third quarter and beyond, which impacted revenue despite exceeding the prior year. Additionally, a special loss of JPY 1.7bn (170 million yen) was recorded for school relocation and closure provisions. Operating profit and ordinary income were partially offset by cost-cutting measures.
Investors should monitor the recovery of student numbers and the effectiveness of cost-reduction initiatives in improving profitability. The sharp decline in net profit highlights the impact of the special charges on the bottom line.