学乐教育 2026年季度报告

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (229.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Indicate the number of shares outstanding of each of the issuer’s classes of Common Stock, as of the latest practicable date: SCHOLASTIC CORPORATION Part I - Financial Information Page Part II - Other Information Item 2.Unregistered Sales of Equity Securities and Use of Proceeds43Item 5.Other Information44Item 6.Exhibits45Signatures47 PART I - FINANCIAL INFORMATION SCHOLASTIC CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – UNAUDITED 1. BASIS OF PRESENTATION Principles of consolidation The accompanying condensed consolidated interim financial statements (referred to as the “Financial Statements” herein)include the accounts of Scholastic Corporation (the “Corporation”) and all wholly-owned and majority-owned subsidiaries(collectively, “Scholastic” or the “Company”). The Company reviews its relationships with other entities to identify whether The Company’s fiscal year is not a calendar year. Accordingly, references in this document to fiscal 2026 relate to thetwelve-month period ending May31, 2026. Certain prior period amounts have been reclassified to conform with the Interim Financial Statements The accompanying Financial Statements have been prepared in accordance with U.S. generally accepted accountingprinciples (“U.S. GAAP”) and Article 10 of Regulation S-X of the U.S. Securities and Exchange Commission (“SEC”) forinterim financial information, and should be read in conjunction with the Company’s Annual Report on Form 10-K for thefiscal year endedMay31, 2025. TheFinancial Statementspresented in this Quarterly Report on Form 10-Q are Seasonality The Company’sChildren’s Book Publishing and Distributionschool-based book club and book fair channels and most ofitsEducation Solutionsbusinesses operate on a school-year basis; therefore, the Company’s business is highly seasonal.As a result, the Company’s revenues in the first and third quarters of the fiscal year generally are lower than its revenuesin the other two fiscal quarters. Typically, school-based channels and magazine revenues are minimal in the first quarter of Use of Estimates The preparation of these Financial Statements involves the use of estimates and assumptions by management, whichaffects the amounts reported in the Financial Statements and accompanying notes. The Company bases its estimates onhistorical experience, current business factors, and various other assumptions believed to be reasonable under the •Pension and postretirement benefit plans•Uncertain tax positions•The timing and amount of future income taxes and related deductions•Inventory reserves SCHOLASTIC CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – UNAUDITED •Allocation of transaction price to contractual performance obligations Recently Issued Accounting Pronouncements In December 2025, the Financial Accounting Standards Board ("FASB") issued ASU 2025-10, "Government Grants (Topic832): Accounting for Government Grants Received by Business Entities." The amendments in this Update establish theaccounting for a government grant received by a business entity, including guidance for (1) a grant related to an asset and(2) a grant related to income. A grant related to an asset is a government grant, or part of a government grant, that isconditioned on the purchase, construction, or acquisition of an asset (for example, a long-lived asset or inventory). A grantrelated to income is a government grant, or part of a government grant, other than a grant related to an asset (for In September 2025, the FASB issued ASU 2025-06, "Intangibles—Goodwill and Other—Internal-Use Software (Subtopic350-40) Targeted Improvements to the Accounting for Internal-Use Software." The amendments in this Update remove allreferences to prescriptive and sequential software development stages throughout Subtopic 350-40. Therefore, an entityis required to start capitalizing software costs when both of the following occur: 1. Management has authorized andcommitted to funding the software project. 2. It is probable that the project