Tokyo Individualized Educational Institute, Inc. Reports Non-Consolidated Earnings Results for the Six Months Ended August 31, 2016; Provides Earnings Guidance for the Year Ending February 28, 2017; Declares Dividend for the Second Quarter Ended August 31, 2016, Payable on November 21, 2016; Provides Dividend Guidance for the Year Ending February 28, 2017
October 05, 2016 at 09:34 am
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Tokyo Individualized Educational Institute, Inc. reported non-consolidated earnings results for the six months ended August 31, 2016. For the period, the company reported net sales of JPY 8,294 million against JPY 7,906 million a year ago. Operating income was JPY 50 million against JPY 160 million a year ago. Ordinary income was JPY 52 million against JPY 163 million a year ago. Net loss was JPY 21 million against net income of JPY 81 million a year ago. Net loss per share was JPY 0.40 against net income of JPY 1.49 a year ago.
For the year ending February 28, 2017, the company expects net sales of JPY 18,000 million, operating income of JPY 2,400 million, ordinary income of JPY 2,403 million, net income of JPY 1,533 million or JPY 28.24 per share.
The company declared dividend for the second quarter ended August 31, 2016 of JPY 13.00 per share compared to JPY 12.00 for the same period paid a year ago. Expected date of dividend payment is November 21, 2016.
For the year ending February 28, 2017, the company expects to pay year-end dividend of JPY 13.00 per share compared to JPY 12.00 for the same period last year.
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 Six Months Ended August 31, 2016; Provides Earnings Guidance for the Year Ending February 28, 2017; Declares Dividend for the Second Quarter Ended August 31, 2016, Payable on November 21, 2016; Provides Dividend Guidance for the Year Ending February 28, 2017
TOKYO INDIVIDUALIZED EDUCATIONAL INSTITUTE, INC. 
