TOKYO, Apr 09 (Pulse News Wire) – PROGRIT Inc. (9560.T) reported its second quarter results ending February 28, 2026, showing revenue of ¥3.332 billion, operating profit of ¥701 million, ordinary profit of ¥706 million, and net income of ¥485 million.
Compared to the same period last year, revenue increased by ¥18.6 million%, while operating profit decreased by --¥12.3 million%, ordinary profit fell by --¥12 million%, and net income dropped by --¥17.3 million%. The company also announced plans to acquire Study Hacker Co., Ltd. through a cash transaction scheduled for April 28, 2026. This acquisition will make Study Hacker a subsidiary of PROGRIT starting from the third quarter of fiscal year 2026.
In addition, PROGRIT expects its capital structure to improve due to the acquisition, although the exact impact on the consolidated financial statements remains under review. The company will disclose any significant effects once determined. PROGRIT's management highlighted continued growth in its English coaching services, driven by increasing demand for personalized learning solutions and technological advancements. The firm anticipates maintaining strong performance across its various offerings, including its subscription-based shadowing service "Shadowten," speaking-focused service "Spiffle," and AI-powered conversation app "Diadock." The company’s interim balance sheet showed total assets of ¥4.679 billion, equity of ¥2.563 billion, and a capital adequacy ratio of ¥54.2 million%.
Cash flow improved compared to the previous year, with cash and equivalents increasing by ¥143.7 million to reach ¥3.559 billion.
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