Enrolment and cost control
Ichishin Holdings Co., Ltd. (TSE: 4645), which runs cram schools and care services, reported consolidated results for the first half of FY2/2027, the six months from March 1 to August 31, 2026, on October 9, 2026 under Japanese GAAP. Net sales rose 3.8% to ¥9,548 million, operating profit 66.7% to ¥840 million and ordinary profit 82.9% to ¥765 million. Net profit attributable to owners of the parent fell 45.1% to ¥456 million, or ¥56.55 per share against ¥101.63, because the prior-year half included a ¥692 million extraordinary gain on the sale of investment securities.
The company said it kept a lid on costs by placing staff more efficiently, optimising leased floor space and streamlining operations, despite inflation.
Segments
In education services, student numbers at the cram schools ran ahead of the budget for both regular classes and summer courses, and extra programmes added to sales. The group opened an Ichishin Gakuin classroom in Chiba Prefecture and a Kotaro Juku classroom in Tokyo, and member schools of its Wingnet video-lesson service held up. Segment sales rose 3.9% to ¥7,979 million and profit 88.6% to ¥660 million. In care and welfare services, residents and users ran ahead of plan across home care, day services, group homes and disability support, lifting sales 3.4% to ¥1,568 million and profit 16.9% to ¥180 million.
Balance sheet and outlook
Total assets fell 1.0% to ¥13,266 million, mainly on lower cash, and net assets rose 18.2% to ¥2,979 million, lifting the equity ratio to 22.0% from 18.4%. The company plans a year-end dividend of ¥10, unchanged.
The full-year forecast is unchanged: net sales of ¥18,721 million (+0.4%), operating profit of ¥928 million (+3.2%), ordinary profit of ¥756 million (+0.6%) and net profit of ¥355 million (−43.5%).
| Metric | H1 FY2/2027 | H1 FY2/2026 | Change |
|---|---|---|---|
| Net sales (¥ million) | 9,548 | 9,200 | +3.8% |
| Operating profit (¥ million) | 840 | 504 | +66.7% |
| Ordinary profit (¥ million) | 765 | 418 | +82.9% |
| Net profit attrib. to owners of parent (¥ million) | 456 | 830 | −45.1% |
| EPS (¥) | 56.55 | 101.63 | −44.4% |
| Total assets (¥ million) | 13,266 | 13,402 | −1.0% |
| Net assets (¥ million) | 2,979 | 2,521 | +18.2% |
| Equity ratio | 22.0% | 18.4% | +3.6 pt |
| FY2/2027 guidance — revenue (¥ million) | 18,721 | — | +0.4% |
| FY2/2027 guidance — operating profit (¥ million) | 928 | — | +3.2% |
| FY2/2027 guidance — ordinary profit (¥ million) | 756 | — | +0.6% |
| FY2/2027 guidance — net profit (¥ million) | 355 | — | −43.5% |
| Annual dividend per share (¥) | 10.00 | 10.00 | unchanged |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.