v3.26.3
Organization and Principal Activities (Tables)
12 Months Ended
May 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Details of Company's Major Subsidiaries and VIEs and Its Major Subsidiaries
As of May 31, 2026, details of the Company’s major subsidiaries, the consolidated VIEs and the VIEs’ major subsidiaries and schools were as follows:
 
Name
   Date of
incorporation or
acquisition
     Place of
incorporation
(or establishment)/
operation
     Legal
ownership
    Principal activity  
Major subsidiaries of the Company:
          
Beijing Decision Software Technology Company Limited (“Beijing Decision”)
     April 20, 2005        PRC        100%       Educational consulting and
software development
 
 
Beijing Hewstone Technology Company Limited (“Beijing Hewstone”)
     April 20, 2005        PRC        100%       Educational software
development
 
 
Elite Concept Holdings Limited (“Elite Concept”)
     December 3, 2007        Hong
Kong
 
 
     100%       Educational consulting  
Winner Park Limited (“Winner Park”)
     December 9, 2008        Hong
Kong
 
 
     100%       Educational consulting  
Smart Shine International Limited (“Smart Shine”)
     December 9, 2008        Hong
Kong
 
 
     100%       Educational consulting  
Beijing Pioneer Technology Company Limited (“Beijing Pioneer”)
     January 8, 2009        PRC        100%       Educational software
development
 
 
Beijing Smart Wood Software Technology Company Limited (“Beijing Smart Wood”)
     December 21, 2011        PRC        100%       Educational consulting and
software development
 
 
East Buy (Formerly known as “Koolearn Technology Holding Limited”)
     February 7, 2018        Cayman
Islands
 
 
     55.61%       Investment holding  
New Oriental Xuncheng Technology (HK) Limited (“Xuncheng Tech”)
     March 2, 2018        Hong
Kong
 
 
     55.61%       Investment holding  
Beijing Dexin Dongfang Network Technology Co., Ltd. (“Dexin Dongfang”)
     March 21, 2018        PRC        55.61%       Software and technology
services
 
 
VIEs of the Company:
          
New Oriental Education & Technology Group Co., Ltd (“New Oriental China”)
     August 2, 2001        PRC        N/A      

 
Education consulting,
software development and
distributions and other
services
 
 
 
 
Beijing New Oriental Xuncheng Network Technology Co., Ltd. (“Xuncheng”)
     March 11, 2005        PRC        N/A       Software and technology
services
 
 
Major subsidiaries and schools of the VIEs:
          
Beijing Haidian District Privately-Funded New Oriental School (“Beijing Haidian
School”)
     October 5, 1993        PRC        N/A       Language training and test
preparation
 
 
Hangzhou New Oriental Advanced Study School
     July 21, 2005        PRC        N/A       Language training and test
preparation
 
 
Guangzhou Haizhu District Privately-Funded New Oriental Training School
     November 5, 2000        PRC        N/A       Language training and test
preparation
 
 
Beijing New Oriental Dogwood Cultural Communications Co., Ltd. (“Dogwood”)
     May 16, 2003        PRC        N/A      
 
Educational material and
content development and
distribution
 
 
 
Beijing New Oriental Vision Overseas Consultancy Co., Ltd.
     February 19, 2004        PRC        N/A       Oversea study consulting
service
 
 
Dongfang Optimization (Beijing) Technology Co., Ltd. (“Oriental Optimization”)
     October 27, 2021        PRC        N/A       Private label products and
livestreaming e-commerce
 
 
Oriental Selection (Beijing) Technology Co., Ltd. (“Oriental Selection”)
     December 7, 2021        PRC        N/A       Private label products and
livestreaming e-commerce
 
 
Beijing New Oriental Culture and Tourism Co., Ltd.
     July 19, 2023        PRC        N/A       Tourism and camping
education
 
 
Balances and Amounts of Company's WFOEs and VIEs
The following financial statement balances and amounts of the VIEs were included in the accompanying consolidated financial statements after the elimination of intercompany balances and transactions among the offshore companies, WFOEs and the VIEs in the Group:
 
     As of May 31,  
     2025      2026  
     US$      US$  
Total current assets
     3,134,190        3,787,279  
Total non-current assets
     2,227,645        2,545,484  
Total assets
     5,361,835        6,332,763  
  
 
 
    
 
 
 
Total current liabilities
     3,198,784        3,695,843  
Total non-current liabilities
     543,506        572,147  
  
 
 
    
 
 
 
Total liabilities
     3,742,290        4,267,990  
  
 
 
    
 
 
 
 
     For the years ended May 31,  
     2024      2025      2026  
     US$      US$      US$  
Net revenues
     4,280,056        4,888,374        5,643,957  
Net income
     606,139        674,182        848,869  
 
 
The following are cashflows of the VIEs and VIEs’ subsidiaries for the years ended May 31, 2024, 2025 and 2026, after the elimination of intercompany transactions:
 
     For the years ended May 31,  
     2024      2025      2026  
     US$      US$      US$  
Net cash provided by operating activities
     1,310,909        1,041,249        1,192,498  
Net cash used in investing activities
     (1,234,725      (546,190      (520,147 )
 
Net cash used in financing activities
     (16,721      (18,882      (6,791 )