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The 55th Annual ReportApril 1, 2016 - March 31, 2017

2. Overall Condition

Consolidated sales in this consolidated fiscal year equaled 90,590 million yen, an increase of 547 million yen compared with the previous consolidated fiscal year (year-on-year increase of 0.6%). Operating income amounted to 12,547 million yen (year-on-year increase of 6.1%), ordinary income was 12,055 million yen (year-on-year increase of 12.5%), and profit attributable to owners of parent for the fiscal year was 7,877 million yen (year-on-year increase of 17.8%). Thus, the fiscal year yielded an increase in both sales and profit. The increase in operating income was primarily due to the increase in the number of subject enrollments in Japan.

The total number of subject enrollments worldwide, as of the end of March 2017, was 4,354,000, which represents an increase of 75,000 compared with the previous fiscal year. The number of subject enrollments in overseas consolidated subsidiaries reached 1,164,000, as of the end of March 2017, which was an increase of 15,000 compared to the previous fiscal year.

Financial Highlights / Consolidated Results

Financial Highlights(PDF)

Fiscal year 03/2013 03/2014 03/2015 03/2016 03/2017
Sales <mil. Yen> 78,723 86,446 90,456 90,043 90,590
Operating income <mil. Yen> 10,740 10,645 10,187 11,831 12,547
Ordinary income <mil. Yen> 11,011 10,773 10,737 10,720 12,055
Profit attributable to owners of parent <mil. Yen> 8,247 6,297 6,169 6,684 7,877
Net assets <mil. Yen> 35,227 42,448 48,438 50,994 56,737
Total assets <mil. Yen> 94,425 104,947 110,436 108,042 110,079
Equity ratio <%> 37.30 40.43 43.81 47.11 51.46
Return on equity <%> 27.03 16.22 13.59 13.47 14.65
Cash flow from
operating activities
<mil. Yen> 8,178 7,746 10,430 9,572 11,308
Cash flow from
investing activities
<mil. Yen> △ 4,376 △ 3,346 △ 4,176 △ 4,935 △ 5,072
Cash flow from
financing activities
<mil. Yen> △ 980 △ 850 △ 3,906 △ 5,000 △ 4,776
Cash and cash equivalents
at end
<mil. Yen> 45,951 51,130 54,666 52,685 53,386
# of employees
<excluding part-timer>
3,657 4,038 3,959 3,899 3,784
# of subject enrollments 4,341,000 4,279,000 4,305,000 4,279,000 4,354,000

The changes of Sales & Operating income

Changes in Sales & Operating Income