News Release: Tokyo Individualized Educational Institute, Inc. (4745 TSE 1)
October 9, 2020

Notice concerning forecast of business results for fiscal year endingFebruary 2021 and Medium-To-Long-Term Vision and new Medium-Term
Management Plan
Tokyo Individualized Educational Institute (TIEI) announces its forecast of consolidated business results for thefiscal year ending February 2021, which was undetermined as of the Summary of Business Results for the Year
Ended February 29, 2020 [Japan GAAP] (Consolidated) released on April 9, 2020.
The company also announces its medium-to-long-term strategy VISION2030 and new three-year medium-term
management plan Hospitality Management 2023 (starting in the year ending February 2022), both approved attoday’s Board of Directors meeting.
1. Forecast of consolidated business results(1) Forecast of consolidated business results for fiscal year ending February 2021 (March 1, 2020 through February 28,2021)(million yen)
Net income
OperatingOrdinary
Net income per
Net Sales
attributable toincome
incomeshareparent company
Previous forecast (A)

―

―

―

―

―

Current forecast (B)18,700260

29030.07 yen

Change (B-A)

―

―

―

―

Change (%)――――

21,261

2,889

2,892

1,897

Reference: Fiscal year endedFebruary 2020

34.94 yen

(2) Reason for disclosure
TIEI had refrained from offering a business results forecast for the fiscal year ending February 2021 as theuncertainty over the impact of the coronavirus pandemic made it difficult to calculate a rational forecast. The company
now announces a forecast of consolidated business results based on information and projections available at this time.
The company suspended lessons in all classrooms with the issuance of the state of emergency, but gradually resumedafter the state of emergency was lifted and reopened all classrooms on June 1. Infection prevention measures have been
implemented extensively with the restart of lessons. The company also began online individualized teaching services inJune, allowing participants to pursue their lessons at home.
The number of inquiries temporarily fell amid reports of an increase in infections but is now on a recovery path. The
prep schools had an enrollment of 32,907 students at the end of August, 90.1% of the previous year’s level and animprovement of 4.0 percentage points from the end of May. In addition, applications for the summer seminar program
exceeded expectations in a strong performance. The company has crafted a consolidated business results forecast taking
this situation into account.
The forecast of consolidated business results assumes that the company can continue to offer educational services
either physically or online and that the pandemic will continue through 2021.
The actual results could differ considerably from the forecast depending on the course of the pandemic. We willpromptly report any necessary revisions in our forecast.

12. Medium-to-Long-Term Vision(1) Overview
VISION2030 is a medium-to-long-term vision contemplating the values the company must promote in order toremain an indispensable part of our rapidly changing and diversifying society and the ideal that the company aims
to achieve by 2030.
The visionary message in VISION2030 is “A Co-created Future: Mutual Education Through HospitalityManagement”. The company hopes to enhance its instructor personnel platform, its area of strength, to makeeducation a two-way street in which both the teacher and the student can achieve personal growth.
(2) VISION2030 target (Individualized Instruction)◆2030「Teachers: Over 20,000」「Enrolled students: Over 60,000」「Individualized instruction revenues: over 40 billion yen」
These figures presently stand at around 10,000 teachers, 30,000 enrolled students and 20 billion yen in revenues.
We aim in the next decade to double the KPI that has been built over our 35 years in business.
3. New Medium-Term Management Plan
(1) Overview
As a first step toward realizing VISION2030, we have formulated Hospitality Management 2023, a new
three-year management plan for the fiscal year ending February 2022 to the fiscal year ending February 2024. We
will offer high customer value and pursue continuous growth in our corporate value by refining and mobilizing
the company’s strength in its instructor personnel platform. Our growth strategy seeks further evolution in boththis platform as well as ICT-based educational services. We plan to invest a cumulative 3 billion yen in ICT overthe next five years to revamp our ICT infrastructure in anticipation of long-term growth.
(2) Quantitative targets

Details of the Medium-to-Long-Term Vision and new Medium-Term Management Plan were offered online on
October 12 (Monday) in the Financial Results Briefing and Management Policy Briefing for the Second Quarterof the Fiscal Year Ending February 2021. We plan to upload briefing materials and videos on the company’s IR
site (https://www.tkg-jp.com/en/ir/).
Note: The forecasts above are based on information available as of the date of publication of this material. Actual
business results may differ from the forecasts due to various factors.

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