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Organization and Principal Activities (Tables)

12 Months Ended

May 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Details of Company's Major Subsidiaries and VIEs and Its Major Subsidiaries

As of May 31, 2019, details of the Company’s major subsidiaries, its 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 Education & Consulting Company Limited (“Beijing Decision”)	April 20, 2005	PRC		100	%	Educational technology and management services
Beijing Judgment Education & Consulting Company Limited (“Beijing Judgment”)	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
Shanghai Smart Words Software Technology Company Limited (“Shanghai Smart Words”)	December 8, 2010	PRC		100	%	Educational consulting and software development
Beijing Smart Wood Software Technology Company Limited (“Beijing Smart Wood”)	December 21, 2011	PRC		100	%	Educational consulting and software development
Beijing New Oriental Walkite International Education & Travel Co., Ltd.	May 22, 2012	PRC		100	%	Study tour
Beijing Joy Tend Technology Company Limited (“Beijing Joy Tend”)	January 31, 2013	PRC		100	%	Educational consulting and software development
Beijing Right Time Technology Company Limited (“Beijing Right Time”)	January 31, 2013	PRC		100	%	Educational consulting and software development
Beijing Sincerity Technology Company Limited	January 31, 2013	PRC		100	%	Education consulting and software development
Abundant State Limited (“Abundant”)	March 20, 2013	The British Virgin Islands (“BVI”)		100	%	Educational consulting
Beijing Magnificence Technology Company Limited (“Beijing Magnificence”)	November 1, 2013	PRC		100	%	Educational consulting and software development
Beijing Top Technology Company Limited (“Beijing Top”)	November 13, 2013	PRC		100	%	Educational consulting and software development
Beijing Shenghe Technology Company Limited (“Beijing Shenghe”)	May 27, 2014	PRC		100	%	Educational consulting and software development
Walkite International Academy Co., Ltd. (“Walkite UK”)	March 16, 2015	U.K.		100	%	Study tour
Walkite International Academy (U.S.A.) Co., Ltd. (“Walkite US”)	April 13, 2015	U.S.A.		100	%	Study tour
Beijing Jinghong Software Technology Company Limited (“Beijing Jinghong”)	September 18, 2016	PRC		100	%	Educational consulting and software development
New Oriental Vision Overseas Consulting Australia Pty Ltd. (“Overseas AU”)	January 25, 2017	Australia		100	%	Consulting
Zhuhai Zekai Software Technology Company Limited (“Zhuhai Zekai”)	June 26, 2017	PRC		100	%	Educational consulting and software development
Major subsidiaries of the Company:
Garden House Limited (“Garden House”)	September 1, 2017	Hong Kong		70	%	Pre-school education
One World Limited (“One World”)	September 1, 2017	Hong Kong		70	%	Pre-school education
Blingabc Limited (“Blingabc”)	December 27, 2017	U.S.A.		100	%	Educational consulting
Beijing Zhiyuan Hangcheng Software Technology Company Limited (“Beijing Zhiyuan Hangcheng”)	January 16, 2018	PRC		100	%	Educational consulting and software development
Koolearn Technology Holding Limited (“Koolearn Holding”)	February 7, 2018	Cayman Islands		53.40	%	Online education service
New Oriental Xuncheng Technology (HK) Limited (“Koolearn Tech”)	March 2, 2018	Hong Kong		53.40	%	Online education service
Beijing Dexin Dongfang Network Technology Co., Ltd. (“Dexin Dongfang”)	March 21, 2018	PRC		53.40	%	Educational consulting and software development
Beijing Chuangying Oriental Technology Co., LTD	September 21, 2018	PRC		100	%	Software development, technology distribution services and computer device sales
Beijing Zhihong Oriental Technology Co., LTD	September 21, 2018	PRC		100	%	Software development, technology distribution services and computer device sales
Tianjin Kuxue Dongfang Network Technology Co., Ltd.	December 10, 2018	PRC		53.40	%	Educational software development and distribution and other consulting 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		Online education service
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
Shanghai Yangpu District New Oriental Advanced Study School	June 1, 2000	PRC		N/A		Language training and test preparation
Wuhan New Oriental Training School	April 28, 2002	PRC		N/A		Language training and test preparation
Beijing New Oriental Yangzhou Foreign Language School	June 6, 2002	PRC		N/A		Primary and secondary school education
Major subsidiaries and schools of the VIEs:
Xi’an Yanta District New Oriental School	November 26, 2002	PRC		N/A		Language training and test preparation
Nanjing Gulou New Oriental Advanced Study School	November 28, 2002	PRC		N/A		Language training and test preparation
Beijing New Oriental Dogwood Cultural Communications Co., Ltd.	May 16, 2003	PRC		N/A		Content development and distribution
Chongqing New Oriental Training School	August 15, 2003	PRC		N/A		Language training and test preparation
Beijing New Oriental Vision Overseas Consultancy Co., Ltd.	February 19, 2004	PRC		N/A		Oversea study consulting service
Beijing New Oriental Dogwood, Bookstore, Audio & Video Co., Ltd.	March 2, 2004	PRC		N/A		Content development and distribution
Hangzhou New Oriental Advanced Study School	July 21, 2005	PRC		N/A		Language training and test preparation
Qingdao Happy Alice Kindergarten	November 29, 2005	PRC		N/A		Pre-school education
Suzhou New Oriental School	April 26, 2006	PRC		N/A		Language training and test preparation
Beijing New Oriental Stars Education & Consulting Co., Ltd	July 11, 2007	PRC		N/A		Pre-school education
Beijing Chaoyang District Kindergarten of Stars	November 20, 2007	PRC		N/A		Pre-school education
Xiamen Siming District New Oriental Education Training School	July 8, 2008	PRC		N/A		Language training and test preparation
Shanghai Vision Overseas Service Co., Ltd.	March 24, 2011	PRC		N/A		Oversea study consulting service
Beijing Management Software Training Institute(“CMSI”)	September 1, 2012	PRC		N/A		Primary and secondary school education
Beijing Dongfang Zhuoyong Investment Management Co., Ltd.	April 29, 2014	PRC		N/A		Investment management
New Oriental Vision Overseas Consulting (U.K.) Ltd (“Overseas UK”).	June 10, 2015	U.K .		N/A		Oversea study consulting service
Beijing New Oriental Vision Overseas Service Co., Ltd.	February 24, 2016	PRC		N/A		Oversea study consulting service
Beijing Dongfang Youbo Network Technology Co., Ltd. (“Dongfang Youbo”)	June 23, 2016	PRC		N/A		Online education service
Beijing Bright the Future Education & Technology Co., Ltd.	July 18, 2016	PRC		N/A		Consulting
Beijing Ainuo Shida Education & Technology Co., Ltd (“Ainuo Shida”)	December 1, 2016	PRC		N/A		Oversea study consulting service
Beijing Haiwei Career Service Co., Ltd(“Haiwei Career”).	June 9, 2017	PRC		N/A		Oversea study consulting service
Hangzhou Shengshen Technology Co., Ltd (“Hangzhou Shengshen”)	October 9, 2017	PRC		N/A		Language training and test preparation
Asia Pacific Montessori Education Co., Ltd. (“Asia Pacific”)	December 5, 2018	PRC		N/A		Pre-school education
Suzhou Hongyi Education Investment Co., Ltd (“Suzhou Hongyi”)	September 3, 2018	PRC		N/A		Pre-school 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,
	2018		2019
	US$		US$
Total current assets		2,081,374		2,179,752
Total non-current assets		750,316		957,650

Total assets		2,831,690		3,137,402

Total current liabilities		1,674,857		1,900,440
Total non-current liabilities		13,782		18,607

Total liabilities		1,688,639		1,919,047


	For the years ended May 31,
	2017			2018			2019
	US$			US$			US$
Net revenues		1,777,864			2,417,203			3,056,537
Net income		333,456			479,190			575,614
Net cash provided by operating activities		454,753			711,591			536,631
Net cash used in investing activities		(459,532	)		(429,265	)		(450,569	)
Net cash provided by (used in) financing activities		4,250			(96,429	)		(27,691	)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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