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Consolidated net sales for fiscal 2005 increased 14.5% from a year earlier, to \333,766 million. Ordinary income rose 7.1%, to \29,429 million and net income increased 12.2%, to \16,039 million. These figures represent Benesseﾂ's third consecutive period of higher sales and earnings.

A number of factors were behind the increase in consolidated net sales, including a year-on-year increase in cumulative enrollment in the Education Groupﾂ's mainstay Shinkenzemi courses, the inclusion of sales from AVIVA from the period under review, and an increase in residents at nursing homes operated by subsidiary Benesse Style Care Co., Ltd. Higher sales by Berlitz International, centered on Europe and the Americas, also supported the rise in net sales.

Benesse reported an increase in ordinary income due to higher earnings in the Education Group from the rise in sales, and higher earnings at Berlitz International on the back of stronger sales in Europe and the Americas and the benefits of management reforms in Japan.

Benesse reported higher net income due to an increase in operating income, among other factors, despite recording a loss on restructuring of business related to the integration and closure of unprofitable AVIVA schools and other actions.
 
Financial Report