IR News|Results
Benesse Reports FY2006 Financial Results
Release Date : 2007/05/09
Consolidated net sales for fiscal 2006 increased 6.2% from a year earlier, to 354,595 million yen. Ordinary income rose 13.1%, to 33,279 million yen and net income increased 13.7%, to 18,244 million yen. These results represent Benesseツ's fourth 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 the amount spent per customer in mainstay Shinkenzemi correspondence courses, higher sales of English-related products and optional course materials, a rise in the number of lessons taken at US subsidiary Berlitz International, and an increase in residents at nursing homes operated by subsidiary Benesse Style Care Co., Ltd.
Benesse reported an increase in ordinary income mainly due to higher earnings in the Education Group and at Berlitz International and Benesse Style Care on the back of stronger sales. The Company also reported its fifth consecutive year of higher net income due to this sales-driven earnings growth, as well as the absence of a loss booked in the previous fiscal year on restructuring of business related to the integration and closure of unprofitable AVIVA schools.
Financial Report