Financial Results Presentation for Q1, Fiscal Year Ending December 2021
May 2021
KIYO Learning Co.,Ltd.
Mothers (Tokyo Stock Exchange): 7353
© KIYO Learning Co., Ltd. All rights reserved.
C o n t e n t s
- Financial Results Presentation for Q1, Fiscal Year Ending December 2021
- Revision of Forecast for the First Half of the Fiscal Year Ending December 2021
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Financial Results Presentation for Q1, Fiscal Year Ending December 2021
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FY2021 Q1 Performance Highlights
- Net sales increased 73% year-on-year
Sales of 435 million yen (up 185 million yen year-on-year) showed continued high growth
- Each stage of profits settled at expected levels due to proactive investment in advertising expenses (TV commercials)
Operating income decreased 35 million yen year-on-year to -67 million
- Studying Business drove company growth
Net cash-based sales for the Studying Business increased 75% year-on-year to 633 million yen
New paid members increased by 72% year-on-year to 12,976
- Corporate Education Business also grew steadily
Net sales in the Corporate Education Business increased 12% year-on-year to 32 million yen
Contracted companies with AirCourse increased 22% versus the end of the previous fiscal year
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FY2021 Q1 Performance
Net sales increased 73.8% year-on-year to 435 million yen
Operating income decreased 32 million yen year-on-year to -67 million due to investment in TV commercials
(Millions of yen)
FY2020 | FY2021 | FY2021 | Year-on- | Progress |
Q1 (Results) | (Forecast) | Q1 (Results) | year change | |
Net sales | 250 | 2282 | 435 | +73.8% | 19.1% |
Gross profit | 176 | 1900 | 363 | +105.7% | 19.1% |
Operating income | (35) | 173 | (67) | - | - |
Operating income margin | - | 7.6% | - | - | - |
Ordinary income | (36) | 171 | (67) | - | - |
Ordinary income margin | - | 7.5% | - | - | - |
Net income | (36) | 200 | (57) | - | - |
Net income margin | - | 8.8% | ‐ | - | - |
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