Financial Results Presentation for Q1, Fiscal Year Ending December 2021
Revision of Forecast for the First Half of the Fiscal Year Ending December 2021
2
Financial Results Presentation for Q1, Fiscal Year Ending December 2021
3
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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KIYO Learning Co. Ltd. published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 14:52:07 UTC.
KIYO Learning Co Ltd is a Japan-based company mainly engaged in the e-learning and education business. The Company provides cloud services that use information technology (IT) to streamline learning to individuals and companies. The Company is involved in the STUDYing business, which is an online qualification course for individuals, as well as the AirCourse business, which is an employee education cloud service for corporations. STUDYing is a concept-based online qualification course which provides about 26 courses for business person on smartphones, tablets, personal computers (PCs) and others. AirCourse is involved in the provision of employee education, the creating and delivering training courses, as well as the provision of centralized management of in-house education.
KIYO LEARNING CO.,LTD. 