Yi Kuen Cheng

Yi Kuen Cheng questioned the future trends and key reasons for the overseas business achieving a 4% growth rate despite challenging market conditions.

Answer

Executive President and CFO Stephen Yang attributed the overseas business's resilience and 4% Q2 growth to the team's strong performance, market share gains, and increased group support. He projected flattish to low single-digit growth for the segment in the second half of the year due to external environment factors.

Yi Kuen Cheng inquired about the future trends and the underlying reasons for New Oriental's overseas business achieving a 4% growth rate in Q2 2026, despite challenging market conditions.

Answer

Stephen Yang, CFO, acknowledged the impact of external economic environments on the overseas-related business but praised the team's resilience and ability to gain market share. He also noted increased group support for the overseas team. For the second half of the fiscal year, he projected flattish to low single-digit negative growth for the overseas business, anticipating continued strong performance from the team despite unchanged external conditions.