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November 17, 2004

Profits Up at Benesse

The Benesse group, whose businesses include Berlitz and is a major publisher of English-language materials, recently announced a healthy profit gain over last year. Sales for the first half of this fiscal year were ¥140.9 billion and profits were up 21%. Sales of English-language materials and related merchandise for younger children, as well as practice exams geared toward high school students, helped boost overall profits. Education-related operations in general saw sales up by 13%. Correspondence courses saw a 4.6% increase in enrollment, primarily in the elementary and junior high school age groups, thanks to its advertising efforts and the introduction of educational materials for different academic levels. But Benesse's foreign-language operations posted a 2% decline in sales due to a slowdown in Japan.

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