Succeed <9256> announced financial results for the fiscal year ending 2024/3 on the 9th. Net sales increased 9.8% from the previous fiscal year to 3.227 billion yen, operating profit decreased 13.2% to 332 million yen, ordinary profit decreased 16.8% to 332 million yen, and net income decreased 17.0% to 223 million yen.
Sales of the education human resource support business increased 24.0% from the previous fiscal year to 1,057 million yen, and segment profit increased 18.0% from the same period to 141 million yen. In terms of ICT support staff dispatch services, orders for services for local governments increased under an environment called DX at educational sites. The development of new customers progressed for contract management services for club activities, and orders increased. Also, with the recovery in inbound demand and the increase in foreign workers, inquiries about Japanese language education services have recovered. Meanwhile, labor costs have increased due to active human investment in fields where future growth is expected.
Sales of the welfare human resources support business increased 9.6% from the previous fiscal year to 433 million yen, and segment profit decreased 6.3% from the same period to 87 million yen. Sales of temporary staffing services grew steadily, and sales and profits increased. In particular, sales of services for school children's facilities and facilities for children with disabilities increased compared to the previous fiscal year. Meanwhile, recruitment fees to acquire new registrants have increased.
Sales of the tutoring classroom business increased 10.5% from the previous fiscal year to 1,231 million yen, and segment profit decreased 1.9% from the same period to 260 million yen. “Honatsugi School” was opened in 2023/6, “Fuchinobe School” in July, and “Pentas Kids Nakagawa School” in October, which is the first store to open in Chiba Prefecture, and the number of people entering the new school building increased steadily. Even in existing school buildings, the number of students enrolled at the beginning of the term surpassed the previous fiscal year, and sales increased as a result of the winter training camp, which was the first attempt, also contributed. Meanwhile, in terms of profit, store opening costs increased and operating profit declined as a result of reopening stores that had been stopped in response to the COVID-19 pandemic from 2022.
Sales in the tutoring business fell 12.3% from the previous fiscal year to 505 million yen, and segment profit decreased 58.0% from the same period to 49 million yen. Promotions were developed in anticipation of the expansion of the online market from the previous fiscal year, and human investment was carried out. However, there is no system in place to respond to inquiries about increasing diversified needs, and as a result, the number of students enrolled at the beginning of the term fell below the previous fiscal year. Promotion costs were increased during the period, SEO measures for the company's web pages were promoted, and efforts were made to create internal structures to respond to increasing inquiries.
Regarding the full-year earnings forecast for the fiscal year ending March 31, 2025, we expect sales to increase 5.4% from the previous fiscal year to 3.401 billion yen, operating income to 356 million yen, up 7.3% from the same period, ordinary profit to 356 million yen, up 7.2% from the same period, and net income to 230 million yen, up 3.1% from the same period.