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New Oriental Education & Technology Group (EDU) provides investors and stakeholders with essential updates through this centralized news hub. Track the latest developments from one of the largest private education providers in China, spanning K-12 tutoring, online learning platforms, and innovative e-commerce initiatives via its East Buy subsidiary.
This resource offers verified press releases and financial updates including quarterly earnings reports, strategic partnerships, and regulatory compliance announcements. Stay informed about the company's expansion in educational technology and digital content distribution across mainland China.
Key coverage areas include academic program developments, technology integration milestones, and market position updates. All content undergoes rigorous verification to ensure alignment with financial reporting standards and operational transparency.
Bookmark this page for direct access to primary source materials about EDU's educational services and business strategy. Regular updates provide critical insights for monitoring the company's performance in China's evolving private education sector.
New Oriental Education & Technology Group Inc. (NYSE: EDU, SEHK: 9901) has announced an upsizing of its share repurchase program. The company's board of directors has approved an increase in the program's value from US$400 million to US$700 million, effective through May 31, 2025. As of the announcement date, New Oriental had already repurchased approximately US$330.3 million worth of its ADSs under the original program, which was launched on July 28, 2022. The repurchases may be conducted through various means, including open market transactions, private negotiations, and block trades, subject to market conditions and applicable regulations.
New Oriental Education & Technology Group (NYSE: EDU) announced its Q4 FY2024 and FY2024 financial results. Net revenues for Q4 FY2024 rose by 32.1% Y/Y to $1.14 billion, while operating income fell by 78.1% to $10.5 million. Net income decreased by 6.9% to $27 million. For the full year, net revenues grew by 43.9% to $4.31 billion, and operating income surged by 84.4% to $350.4 million. The number of schools and learning centers expanded to 1,025. The company attributed the growth to its new educational business initiatives and East Buy private label products. However, operating costs increased significantly due to capacity expansion and other investments. New Oriental's outlook for Q1 FY2025 expects net revenues to be between $1.25 billion to $1.28 billion, reflecting a Y/Y increase of 31% to 34%.
New Oriental Education and Technology Group will announce its financial results for Q4 of FY2024 on July 31, 2024, before the U.S. market opens. The results cover the quarter ending May 31, 2024. An earnings conference call will be hosted by the management at 8 AM U.S. Eastern Time (8 PM Beijing/Hong Kong Time) on the same day.
Participants can join the conference call by registering in advance to receive dial-in numbers and a unique personal PIN. Alternatively, the call can be accessed via a live webcast available on the company's investor relations website. A replay of the call will also be available on-demand until July 31, 2025.
New Oriental Education & Technology Group (NYSE: EDU, SEHK: 9901) announced an extension of its Share Repurchase Program through May 31, 2025. The program, initially launched in 2022 and amended in 2023, allows the company to repurchase up to US$153.7 million worth of shares. As of the press release date, New Oriental has already repurchased US$246.3 million worth of its ADSs. The repurchases can be executed through various means, including open market transactions and privately negotiated deals, depending on market conditions. The board will periodically review the program and may adjust its terms and size.
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