New Oriental to Announce Q2 FY24 Results, Consider Dividend on Jan 23

TL;DR

**New Oriental is holding a board meeting on Jan 23 to approve Q2 results and possibly declare a dividend.**

AI Summary

New Oriental Education & Technology Group Inc. (NYSE: EDU) announced on January 4, 2024, that its Board of Directors will convene a meeting on Tuesday, January 23, 2024. The primary purpose of this meeting is to approve the company's unaudited financial results for the second fiscal quarter and first half of fiscal year 2024, which ended on November 30, 2023, and to consider the declaration of an interim dividend. This matters to investors because the upcoming financial results will provide crucial insights into the company's performance and future outlook, while a potential dividend declaration could signal confidence and offer direct returns.

Why It Matters

This filing signals an upcoming financial disclosure that will reveal New Oriental's recent performance and potentially a dividend, directly impacting investor sentiment and stock valuation.

Risk Assessment

Risk Level: low — This filing is a routine announcement of a board meeting, which is standard corporate governance and does not inherently carry significant risk.

Analyst Insight

Investors should mark January 23, 2024, on their calendars and prepare to analyze the upcoming Q2 FY24 financial results and any dividend declaration for insights into the company's financial health and future prospects.

Key Players & Entities

• New Oriental Education & Technology Group Inc. (company) — the registrant and company holding the board meeting
• Stephen Zhihui Yang (person) — Executive President and Chief Financial Officer who signed the 6-K filing
• January 4, 2024 (date) — date the 6-K report was filed
• January 23, 2024 (date) — date of the upcoming Board meeting
• November 30, 2023 (date) — end date of the second fiscal quarter and first half of fiscal year 2024

Forward-Looking Statements

• New Oriental Education & Technology Group Inc. will report its Q2 FY24 earnings shortly after the January 23, 2024 board meeting. (New Oriental Education & Technology Group Inc.) — high confidence, target: January 2024
• The company will declare an interim dividend following the board's approval. (New Oriental Education & Technology Group Inc.) — medium confidence, target: January 2024

FAQ

Filing Documents

• d674254d6k.htm (6-K) — 7KB
• d674254dex991.htm (EX-99.1) — 10KB
• g674254g0104093534288.jpg (GRAPHIC) — 5KB
• 0001193125-24-001826.txt ( ) — 25KB

From the Filing

Form 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 Commission File Number: 001-32993 NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. No. 6 Hai Dian Zhong Street Haidian District Beijing 100080, Peoples Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Exhibit Index Exhibit 99.1 Announcement Date of Board Meeting SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. New Oriental Education & Technology Group Inc. By: /s/ Stephen Zhihui Yang Name: Stephen Zhihui Yang Title: Executive President and Chief Financial Officer Date: January 4, 2024

View Full Filing

View this 6-K filing on SEC EDGAR