Succeed Research Memo (10): Dividends of 14.0 yen will continue in the fiscal year ending March 2025.

The shareholder return strategy of Succeed <9256> prioritized the development of its business foundation, believing that this would maximize shareholder value. Therefore, the fundamental policy was to enhance retained earnings as the source of funds, and dividends were not distributed. However, as the financial foundation has been established, a determination was made that it is now possible to secure retained earnings for future business development while maintaining stable dividends for shareholders. Consequently, dividends will be distributed starting from the fiscal year ending March 2024 as a return of profits to shareholders. Additionally, the year-end dividend.

Fisco JapanDec 17, 2024 11:10

Succeed Research Memo (9): Strengthening of constitution is progressing and there is sufficient cash, therefore M&A is actively being considered.

■Growth Global Strategy 1. The entire business of Growth Global Strategy Succeed <9256> is at the center of the national policy supporting education in Japan, which is a timely growth business. Therefore, moving forward, by actively carrying out the corporate Task Center of "solving social issues related to education and welfare and creating a better future," it is believed that sustainable growth can be maintained in the medium to long term despite short-term volatility in a favorable environment. The company is currently sharing human resources between businesses and engaging in in-house marketing to realize growth.

Fisco JapanDec 17, 2024 11:09

Succeed Research Memo (7): Struggling face-to-face tutoring services covered by other services.

■ Performance trends of Succeed <9256> 2. Performance trends by business segment In the second quarter of the fiscal year ending March 2025, the performance by business segment showed that the Mainland Education support business had revenue of 602 million yen (up 7.1% compared to the same period last year), segment profit of 138 million yen (up 18.9% compared to the same period last year), the welfare human resource support business had revenue of 279 million yen (up 12.0% compared to the same period last year), segment profit of 70 million yen (down 16.0% compared to the same period last year), and the individual tutoring classroom business had revenue of 668 million yen (up 7.9% compared to the same period last year), segment profit of 172 million yen.

Fisco JapanDec 17, 2024 11:07

Succeed Research Memo (6): Achieving double-digit operating profit growth while making necessary investments.

■ The performance trends of Succeed <9256> 1. Performance trends for the second quarter of the fiscal year ending March 2025 The performance for the second quarter of the fiscal year ending March 2025 was strong, with revenue of 1,790 million yen (a year-on-year increase of 7.6%), operating profit of 274 million yen (up 10.4% year-on-year), ordinary profit of 274 million yen (up 10.2% year-on-year), and interim net profit of 186 million yen (up 19.1% year-on-year). The progress rate against the full-year Financial Estimates was 52.6% for revenue and 77.0% for operating profit, which is slightly higher and steady compared to the same period last year.

Fisco JapanDec 17, 2024 11:06

Succeeded Research Memo (5): The online model has demand not only in rural areas but also in large cities.

■Succeed <9256> Business Description 4. Home Tutoring Business The company operates 'Succeed Home Tutors' in two formats: face-to-face and online. Until now, the main focus has been on the face-to-face tutoring introduction business in the Tokyo metropolitan area and the Kansai region, but to meet the online demands arising from the spread of the COVID-19 pandemic, a new service for online tutoring was created. In the face-to-face tutoring service, the focus is on the Tokyo metropolitan area where major Universities are located.

Fisco JapanDec 17, 2024 11:05

Succeed Research Memo (4): Developing introduction and dispatching services for personnel involved in welfare.

■ The business activities of Succeed <9256> 2. Welfare Human Resources Support Business In the welfare human resources support business, services for introducing and dispatching personnel related to welfare, such as nursery teachers, nutritionists, schoolchild care instructors, social workers, and assistants, are provided to corporations and local governments across the country that operate nursery schools, kindergartens, and after-school care facilities. For job seekers registered through the company’s website, detailed counseling is conducted similarly to the Mainland Education support business, and matching is performed according to the client's requirements.

Fisco JapanDec 17, 2024 11:04