Tokyo Individualized Educational Institute, Inc. Announces Unconsolidated Earnings Results for the Year Ended February 28, 2013; Provides Dividend Forecast for the Year Ended February 2014; Provides Earnings Guidance for Six Months Ending August 2013 and Year Ending February 2014
April 09, 2013
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Tokyo Individualized Educational Institute, Inc. announced unconsolidated earnings results for the year ended February 28, 2013. For the period, net sales were JPY 13,017 million against JPY 12,572 million in the same period a year ago. Operating income was JPY 716 million against JPY 347 million in the same period a year ago. Net income was JPY 358 million or JPY 6.60 per share against JPY 132 million or JPY 2.44 per share in the same period a year ago. Return on equity was 5.5% against 2.0% in the same period a year ago. Cash flow from operating activities was JPY 875 million against JPY 309 million in the same period a year ago.
For the year ending February 2014, the company expects to pay year end dividend of JPY 3.00 per share and total dividend of JPY 6.00 per share compared to year end dividend of JPY 3.00 per share and total dividend of JPY 6.00 per share last year same period.
For the six months ending August 2013, the company expects net sales of JPY 6,424 million, operating loss of JPY 312 million, net loss of JPY 233 million, net loss per share of JPY 4.30.
For the year ending February 2014, the company expects net sales of JPY 13,747 million, operating income of JPY 901 million, net income of JPY 497 million, net income per share of JPY 9.16.
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. Announces Unconsolidated Earnings Results for the Year Ended February 28, 2013; Provides Dividend Forecast for the Year Ended February 2014; Provides Earnings Guidance for Six Months Ending August 2013 and Year Ending February 2014