IR News｜Results

 Benesse Corporation announced today its financial results for first half of fiscal 2005.

The company's consolidated net sales for the interim period increased 16.1% from a year earlier, to 163,531 million yen, and consolidated operating income rose 1.7%, to 22,282 million yen. These figures represent the second consecutive increase in net sales and the third consecutive increase in operating income for the interim period.

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’s mainstay product---Shinkenzemi courses, the inclusion of sales from AVIVA* from the period under review, and a steady increase in nursing home residents as the Senior Company expanded its network.

Although AVIVA posted an operating loss due to ongoing restructuring measures, factors such as higher earnings from increased sales in the Education Group and emerging benefits from management reforms to the Japanese operations of Berlitz International, Inc. helped to drive up consolidated operating income. Ordinary income also increased 0.4%, to 22,901 million yen.

*Part of the business of AVIVA Japan Corporation, Japan’s largest operator of PC schools, was transferred to AVIVA Co., Ltd., a wholly owned Benesse subsidiary. AVIVA started operations in April 2005.

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