Waseda Academy Co., Ltd. (JP:4718) has released an update.
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Waseda Academy Co., Ltd. reported a slight increase in net sales to 6,544 million yen for the three months ending June 30, 2024, but faced a decline in profit attributable to owners of the parent, which stood at negative 353 million yen. The company’s total assets decreased from 23,057 million yen as of March 31, 2024, to 20,529 million yen by the end of June 2024, while maintaining a stable equity ratio of over 61%. Despite the dip in short-term earnings, Waseda Academy forecasts a year-on-year increase in net sales and operating profit for the full fiscal year ending March 31, 2025.
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