On the 7th, Aoba-BBT <2464> announced its consolidated financial results for the second quarter of the fiscal year ending March 2025 (April-September 24). The revenue increased by 0.1% year-on-year to 3.779 billion yen, operating profit decreased by 13.7% to 0.191 billion yen, ordinary profit decreased by 13.2% to 0.19 billion yen, and the interim net profit attributable to the parent company shareholders decreased by 14.5% to 0.098 billion yen.

The revenue of the recurring education business decreased by 7.3% year-on-year to 1.702 billion yen, with a segment loss of 0.009 billion yen (compared to a profit of 0.069 billion yen in the same period last year). They perceive that the demand for learning in universities and graduate schools is shifting from the traditional need to obtain a degree over several years to a short-term intensive need to acquire expertise in a specific area in a few months. As a result, the revenue composition of the University business shifted from long-term learning to short-term learning, resulting in lower revenue and profit due to a decrease in the number of students. On the other hand, the number of students taking newly established short extracurricular courses is increasing, becoming a new source of revenue. The demand for corporate human resource development business for next-generation talent remains high, and it has been trending at a similar order intake level to the previous period.

The revenue of the Platform Services business increased by 7.6% to 2.073 billion yen, with a segment profit increasing by 35.4% to 0.203 billion yen. Due to a revision of tuition fees at some Aoba Japan Bilingual Preschool locations and an increase in the number of students, income has increased. In addition, with the favorable performance of Aoba Japan International School, there was an increase in both revenue and profit.

The consolidated performance forecast for the fiscal year ending March 2025 remains unchanged from the initial plan, with sales expected to increase by 11.2% to 8.313 billion yen compared to the previous year, operating profit expected to increase by 30.8% to 0.501 billion yen, ordinary profit expected to increase by 32.0% to 0.512 billion yen, and net income attributable to the parent company's shareholders expected to increase by 22.0% to 0.296 billion yen.