Meiko Network Japan Co., Ltd. Provides Consolidated Earnings Forecast for the Second Quarter and Full Year of Fiscal Year Ending August 31, 2021
October 15, 2020 at 09:00 am
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Meiko Network Japan Co., Ltd. provided consolidated earnings forecast for the second quarter and full year of fiscal year ending August 31, 2021. For the quarter, the company expects net sales of JPY 9,300 million, operating income of JPY 667 million and net income attributable to owners of the parent of JPY 333 million or JPY 13.28 per share.
For the year, the company expects net sales of JPY 18,300 million, operating income of JPY 264 million and net income attributable to owners of the parent of JPY 270 million or JPY 10.76 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. 
