0001193125-24-225183 | 20-F | XBRL Viewer | NEW Oriental Education Technology Group INC

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Business Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands		1 Months Ended			12 Months Ended
	Sep. 30, 2022	Dec. 31, 2020	Apr. 30, 2020	Dec. 31, 2018	May 31, 2023	May 31, 2024	Aug. 31, 2022	May 31, 2022
Business Acquisition [Line Items]
Goodwill					$ 105,514	$ 103,958
Other Acquisition [Member]
Business Acquisition [Line Items]
Business combination, consideration transferred					9,556
Cash and cash equivalents					497
Intangible assets					1,129
Goodwill					12,776
Non-controlling interests					1,652
Tibet Tianli Education Technology Co Ltd [Member]
Business Acquisition [Line Items]
Cash consideration					$ 9,773
Percentage of voting interests acquired	12.40%	11.00%	5.00%	5.00%	17.40%		17.40%	42.40%
Business combination, consideration transferred	$ 13,031	$ 14,334	$ 6,516	$ 4,344	$ 19,547
Goodwill					26,216
Non-controlling interests					$ 31,007
Percentage of additional voting interests acquired					30.00%
Business combination, acquisition of less than 100 percent, non controlling interest percentage					59.80%

Share-Based Compensation

12 Months Ended

May 31, 2024

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

16.	SHARE-BASED COMPENSATION

2016 Share Incentive Plan

The Company adopted 2016 Share Incentive Plan (“2016 Share Incentive Plan”) in January 2016 to provide incentives to employees and directors after the expiration of the previous 2006 Share Incentive Plan. Under the 2016 Share Incentive Plan, the Company is authorized to issue up to 100,000,000 common shares pursuant to awards (including options) granted to its employees, directors and consultants. The 2016 Share Incentive Plan is effective upon its adoption by the board of directors and continue in effect for a term of ten years unless terminated sooner. Since the adoption of the 2016 Share Incentive Plan, the Company has granted a total of 75,337,338 NES, among which nil, 20,759,130 and 3,656,040 were granted for the years ended May 31, 2022, 2023 and 2024, respectively. 1,536,112, 1,324,092 and 266,411 shares were forfeited for the years ended May 31, 2022, 2023 and 2024, respectively.

The Company’s board of directors may at any time amend, suspend or terminate the 2016 Share Incentive Plan. The following amendments to the 2016 Share Incentive Plan require approval from the shareholders (i) increase of the number of shares available under the 2016 Share Incentive Plan, (ii) extension of the term of the 2016 Share Incentive Plan, (iii) extension of the exercise period of an option beyond ten years, and (iv) any other amendments about which shareholders’ approval are necessary and desirable under applicable laws or stock exchange rules. The 2016 Share Incentive Plan is effective upon its adoption by the board and continue in effect for a term of ten years unless sooner terminated.

As of May 31, 2019, all options were fully vested and exercised.

NES

For the year ended May 31, 2024,

12,191,640

treasury stock had been issued to employees and directors upon the vesting of their NES.

The NES activities under the 2016 Share Incentive Plan for the year ended May 31, 2024 are summarized as follows:


	Number of NES			Weighted-average grant date fair value (US$)
NES outstanding as of May 31, 2023		30,271,273		5.52
Granted		3,656,040		5.99
Vested		(12,191,640	)	6.54
Forfeited		(266,411	)	5.75

NES outstanding as of May 31, 2024		21,469,262		5.01

The total fair value of NES vested for the years ended May 31, 2022, 2023 and 2024 were US$50,821, US$65,142 and US$79,775, respectively. The weighted average grant date fair value of NES granted for the years ended May 31, 2022, 2023 and 2024 were nil, US$2.60 and US$5.99, respectively. As of May 31, 2024, the total unrecognized compensation expenses for NES of US$20,120 are expected to be recognized over a weighted average period of 0.85 years.

The total compensation expenses of NES are recognized using graded vesting method over the respective vesting periods. The Group recorded the related compensation expenses of US$118,487, US$69,547 and US$50,672 for the years ended May 31, 2022, 2023 and 2024, respectively.

East Buy

Pre-IPO

Share Option Scheme

On July 13, 2018, the board of directors of East Buy approved an employee’s share option plan (the

“Pre-IPO

Share Option Scheme”). The overall limit on the number of shares which may be issued upon exercise of all outstanding options granted and yet to be exercised under the

Pre-IPO

Share Option Scheme at any time must not exceed 47,836,985 (representing approximately 5.23% of the total number of shares in issue immediately before the date of the commencement of dealings in the shares on the Stock Exchange of Hong Kong Limited (without taking into account any shares that may be issued upon the

isting and any over-allotment option).

On March 7, 2019, pursuant to the list of grantees and respective numbers of options approved by the board of directors of East Buy, East Buy granted a total of 47,836,985 options to 144 grantees, including the directors, senior management of East Buy, contractors and other employees of East Buy. The grant date weight average fair value of each option is US$0.53 and the estimated fair value of the share options granted was US$21,613 on March 7, 2019. The exercise period is 6 years from the listing date of East Buy and the exercise price is US$1.13.

The movements of share options under the

Pre-IPO

Share Option Scheme are summarized as follows:


	Number of share option			Weighted average exercise price per option (US$)
Outstanding as of May 31, 2023		27,084,385			1.13
Exercised		(1,143,500	)		1.13
Outstanding as of May 31, 2024		25,940,885			1.13

Options vested and expected to vest as of May 31, 2024		25,940,885			1.13

Exercisable as of May 31, 2024		25,940,885			1.13

East Buy recorded the related

compensation expenses of

US$1,298,

nil and nil

for the years ended May 31, 2022, 2023 and 2024, respectively, in relation to the share options issued under the Pre-IPO Share Option Scheme.

The total intrinsic value of options exercised for the years ended May 31, 2022, 2023 and 2024 were US$36, US$38,465 and US$2,514, respectively.

East Buy

Post-IPO

Share Option Scheme

On January 30, 2019, the board of directors of East Buy approved an employee’s share option plan (the

“Post-IPO

Share Option Scheme”).

On November 15, 2021, the Company’s board of directors granted a total of 24,986,000 options to employees of East Buy. The grant date weighted average fair value of each option was US$0.32 and the estimated fair value of the share options granted was US$7,995. The exercise period is 10 years from the date of grant day and the exercise price is US$0.67.

The movements of share options under the

Post-IPO

Share Option Scheme are summarized as follows:


	Number of share options			Weighted average exercise price per option (US$)
Outstanding as of May 31, 2023		40,462,810			0.67

Forfeited		(516,189	)		0.67
Exercised		(3,942,676	)		0.67
Cancelled		(1,519,999	)		0.67

Outstanding as of May 31, 2024		34,483,946			0.67

Options vested and expected to vest as of May 31, 2024		34,483,946			0.67

Exercisable as of May 31, 2024		21,413,897			0.67


	November 15, 2021
Weighted average share price	US$	0.67
Exercise price	US$	0.67
Expected volatility		61	%
Expected life		10 years
Risk-free rate		1.63	%
Expected dividend yield		0.00	%

East Buy has used the closing price of the shares as stated in the daily quotation sheet issued by the Stock Exchange of Hong Kong Limited on the grant date as the fair value of underlying common shares of East Buy. Based on the fair value of the underlying common shares of East Buy, East Buy has used binomial option-pricing model to determine the fair value of the share option as of the grant date with the assistance of an independent valuation specialist. Option valuation model requires the input of highly subjective assumptions, including the option’s expected life and the price volatility of the underlying shares, and changes in the subjective input assumptions can materially affect the fair value estimate of share options.

East Buy recognized the total compensation expenses of

US$13,183,

US$10,897 and US$4,287

for the years ended May 31, 2022, 2023 and 2024, respectively, in relation to the Post-IPO Share Option Scheme.

As of May 31, 2024, the total unrecognized compensation expenses for share option of US$937 are expected to be recognized over a weighted average period of 0.4 years.

The total intrinsic value of options exercised for the years ended May 31, 2022, 2023 and 2024 were nil, US$25,063 and US$10,767, respectively.

East Buy 2023 Scheme

On February 20, 2023, the board of directors of East Buy approved a new

post-IPO

share scheme (“East Buy 2023 Scheme”).

On April 11, 2023, pursuant to the list of grantees and respective numbers of

share awards

approved by the board of directors of East Buy, East Buy granted a total of 30,459,000 share awards to grantees, including the directors, senior management and other employees of East Buy.

The grant date fair value is determined by the market price of such share awards.

Each grant has a total vesting period of 3 years from the date of grant, and between 20% to 50% of the total NES will vest annually within the vesting period upon certain performance conditions are met.

On November 28, 2023, pursuant to the list of grantees and respective numbers of

share awards

approved by the board of directors of East Buy

, East Buy granted a total of 30,000 NES to a

non-executive

director. The above grant has a total vesting period of 3 years from the date of grant, and the total NES will vest evenly and annually within the vesting period upon certain performance conditions

being

met.

The movements of share awards under the East Buy 2023 Scheme for the years ended May 31, 2023 and 2024 are summarized as follows:


	Number of shares			Weighted-average grant date fair value
				US$
NES outstanding as of May 31, 2023		30,314,000			3.69

Granted		30,000			3.88
Vested		(12,298,670	)		3.69
Forfeited		(399,000	)		3.69

NES outstanding as of May 31, 2024		17,646,330			3.69

East Buy recognized the total compensation expenses of US$9,344 and US$67,499 for the years ended May 31, 2023 and 2024, respectively, in relation to the East Buy 2023 Scheme.

of May

2024

, the total unrecognized compensation expenses for NES of

US$

33,790

are expected to be recognized over a weighted average period of

1.4

years, respectively.

At the end of each reporting period, the Group revises its estimates of the number of share awards that are expected to vest based on all relevant performance vesting conditions, with the impact of the revision to original estimates, if any, in profit or loss, along with a corresponding adjustment to equity.

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	May 31, 2024	May 31, 2023	May 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 309,591	$ 177,341	$ (1,187,721)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Organization and Principal Activities - Additional Information (Detail) $ in Thousands	12 Months Ended
	May 31, 2024 Agreement	May 31, 2023	May 31, 2022 USD ($)
Product Information [Line Items]
Renewal of trade mark registration	10 years
Exclusive service agreement renewal term	10 years
Notice period of agreement termination	30 days
Number of new equity pledged agreements \| Agreement	5
Loss on deconsolidation of subsidiaries \| $			$ 79,609
Century Friendship [Member]
Product Information [Line Items]
Equity interest of Century Friendship prior to the transfer	100.00%
Century Friendship [Member] \| Previously Held Equity Interest [Member]
Product Information [Line Items]
Equity interest of Century Friendship prior to the transfer	53.00%
Minimum [Member]
Product Information [Line Items]
Operating services fee percentage from revenue	2.00%
Maximum [Member]
Product Information [Line Items]
Operating services fee percentage from revenue	6.00%
Variable interest entities (VIEs) [Member]
Product Information [Line Items]
Shareholding percentage of Mr. Yu	12.10%
Credit Concentration Risk [Member] \| Assets, Total [Member] \| Variable interest entities (VIEs) [Member]
Product Information [Line Items]
Concentration risk percentage	62.20%	56.10%
Credit Concentration Risk [Member] \| Liabilities, Total [Member] \| Variable interest entities (VIEs) [Member]
Product Information [Line Items]
Concentration risk percentage	96.70%	95.20%
Customer Concentration Risk [Member] \| Sales Revenue, Net [Member] \| Variable interest entities (VIEs) [Member]
Product Information [Line Items]
Concentration risk percentage	99.20%	99.50%	99.60%

Cover Page	12 Months Ended
Cover Page	May 31, 2024 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	May 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Registrant Name	NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.
Entity Central Index Key	0001372920
Current Fiscal Year End Date	--05-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Voluntary Filers	No
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding	1,647,514,863
Document Accounting Standard	U.S. GAAP
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	No. 6 Hai Dian Zhong Street
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100080
Entity Address, Country	CN
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Registration Statement	false
Entity File Number	001-32993
ICFR Auditor Attestation Flag	true
Auditor Name	Deloitte Touche Tohmatsu Certified Public Accountants LLP
Auditor Firm ID	1113
Auditor Location	Beijing, the People’s Republic of China
Document Financial Statement Error Correction [Flag]	false
Business Contact [Member]
Document Information [Line Items]
Entity Address, Address Line One	No. 6 Hai Dian Zhong Street
Entity Address, City or Town	Beijing
Entity Address, Postal Zip Code	100080
Entity Address, Country	CN
Contact Personnel Name	Zhihui Yang
Contact Personnel Email Address	yangzhihui@xdf.cn
City Area Code	86 10
Local Phone Number	6090-8000
Common Stock [Member]
Document Information [Line Items]
Trading Symbol	9901
Title of 12(b) Security	Common shares
ADR [Member]
Document Information [Line Items]
Trading Symbol	EDU
Title of 12(b) Security	Name of Exchange on Which Registered
Security Exchange Name	NYSE

Common Shares and Treasury Stock - Movement of the outstanding common shares and treasury stock (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	Aug. 06, 2024	Jul. 26, 2022
Stock repurchase program, authorized amount			$ 700,000	$ 400,000
Value of stock that has been repurchased during the period	$ 62,943	$ 191,628
ADR [Member]
Number of shares that have been repurchased during the period	783,943
Value of stock that has been repurchased during the period	$ 62,943

- Definition

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

- Definition

Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

Short-Term Investments (Tables)

12 Months Ended

May 31, 2024

Investments, Debt and Equity Securities [Abstract]

Summary of Short-Term Investments

Short-term investments consisted of the following:


	As of May 31,
	2023		2024
	US$		US$
Wealth management products measured at fair value		1,404,830		1,988,907
Trading securities		73,013		76,672

		1,477,843		2,065,579

Organization and Principal Activities - Details of Company's Major Subsidiaries and VIEs and Its Major Subsidiaries (Detail)	12 Months Ended
	May 31, 2024
New Oriental Education & Technology Group Co., Ltd [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Aug. 02, 2001
Place of incorporation (or establishment)/ operation	PRC
Beijing New Oriental Xuncheng Network Technology Co., Ltd [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Mar. 11, 2005
Place of incorporation (or establishment)/ operation	PRC
Major Subsidiaries of the Company [Member] \| Beijing Decision Software Technology Company Limited [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Apr. 20, 2005
Place of incorporation (or establishment)/ operation	PRC
Legal ownership	100.00%
Major Subsidiaries of the Company [Member] \| Beijing Hewstone Technology Company Limited [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Apr. 20, 2005
Place of incorporation (or establishment)/ operation	PRC
Legal ownership	100.00%
Major Subsidiaries of the Company [Member] \| Elite Concept Holdings Limited [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Dec. 03, 2007
Place of incorporation (or establishment)/ operation	Hong Kong
Legal ownership	100.00%
Major Subsidiaries of the Company [Member] \| Winner Park Limited [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Dec. 09, 2008
Place of incorporation (or establishment)/ operation	Hong Kong
Legal ownership	100.00%
Major Subsidiaries of the Company [Member] \| Smart Shine International Limited [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Dec. 09, 2008
Place of incorporation (or establishment)/ operation	Hong Kong
Legal ownership	100.00%
Major Subsidiaries of the Company [Member] \| Beijing Pioneer Technology Company Limited [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Jan. 08, 2009
Place of incorporation (or establishment)/ operation	PRC
Legal ownership	100.00%
Major Subsidiaries of the Company [Member] \| Beijing Smart Wood Software Technology Company Limited [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Dec. 21, 2011
Place of incorporation (or establishment)/ operation	PRC
Legal ownership	100.00%
Major Subsidiaries of the Company [Member] \| East Buy (Formerly known as "Koolearn Technology Holding Limited") [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Feb. 07, 2018
Place of incorporation (or establishment)/ operation	Cayman Islands
Legal ownership	57.17%
Major Subsidiaries of the Company [Member] \| New Oriental Xuncheng Technology (HK) Limited [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Mar. 02, 2018
Place of incorporation (or establishment)/ operation	Hong Kong
Legal ownership	57.17%
Major Subsidiaries of the Company [Member] \| Beijing Dexin Dongfang Network Technology Co Ltd [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Mar. 21, 2018
Place of incorporation (or establishment)/ operation	PRC
Legal ownership	57.17%
Major Subsidiaries and Schools of the VIEs [Member] \| Beijing Haidian District Privately-Funded New Oriental School [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Oct. 05, 1993
Place of incorporation (or establishment)/ operation	PRC
Major Subsidiaries and Schools of the VIEs [Member] \| Hangzhou New Oriental Advanced Study School [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Jul. 21, 2005
Place of incorporation (or establishment)/ operation	PRC
Major Subsidiaries and Schools of the VIEs [Member] \| Guangzhou Haizhu District Privately-Funded New Oriental Training School [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Nov. 05, 2000
Place of incorporation (or establishment)/ operation	PRC
Major Subsidiaries and Schools of the VIEs [Member] \| Nanjing Gulou New Oriental Advanced Study School [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Nov. 28, 2002
Place of incorporation (or establishment)/ operation	PRC
Major Subsidiaries and Schools of the VIEs [Member] \| Beijing New Oriental Dogwood Cultural Communications Co., Ltd [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	May 16, 2003
Place of incorporation (or establishment)/ operation	PRC
Major Subsidiaries and Schools of the VIEs [Member] \| Beijing New Oriental Vision Overseas Consultancy Co., Ltd [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Feb. 19, 2004
Place of incorporation (or establishment)/ operation	PRC
Major Subsidiaries and Schools of the VIEs [Member] \| Dongfang Optimization (Beijing) Technology Co., Ltd [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Oct. 27, 2021
Place of incorporation (or establishment)/ operation	PRC
Major Subsidiaries and Schools of the VIEs [Member] \| Oriental Selection (Beijing) Technology Co., Ltd. [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Dec. 07, 2021
Place of incorporation (or establishment)/ operation	PRC
Major Subsidiaries and Schools of the VIEs [Member] \| Beijing New Oriental Culture and Tourism Co., Ltd. [Member]
Variable Interest Entities [Line Items]
Date of incorporation or acquisition	Jul. 19, 2023
Place of incorporation (or establishment)/ operation	PRC

Lease - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Operating lease cost	$ 209,327	$ 163,195	$ 368,058
Short-term lease cost	$ 53,907	$ 39,057	2,344
weighted average remaining lease term	3 years 10 months 24 days	3 years 7 months 6 days
weighted average discount rate	4.70%	4.40%
Lessee operating lease, lease not yet commenced contract value	$ 22,321
General and Administrative Expense [Member] \| Selected Learning Centre [Member]
Impairment losses on operating lease right of use assets	$ 0		$ 19,580

Business Acquisitions - Purchase Price Allocation (Detail) - USD ($) $ in Thousands	May 31, 2023	May 31, 2024
Business Acquisition [Line Items]
Goodwill	$ 105,514	$ 103,958
Other non-current assets	67,230	$ 188,319
Tibet Tianli Education Technology Co Ltd [Member]
Business Acquisition [Line Items]
Cash and cash equivalents	4,568
Other current assets	33,906
Property and equipment	218
Goodwill	26,216
Other non-current assets	317
Other current liabilities	(13,411)
Deferred tax liabilities	(2,489)
Fair value of the 17.4% equity interests previously held	(13,395)
Non-controlling interests	(31,007)
Total	$ 32,578
Tibet Tianli Education Technology Co Ltd [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Amortization period	1 year
Tibet Tianli Education Technology Co Ltd [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Amortization period	5 years
Tibet Tianli Education Technology Co Ltd [Member] \| Trademark [Member]
Business Acquisition [Line Items]
Intangible assets	$ 8,108
Amortization period	5 years
Tibet Tianli Education Technology Co Ltd [Member] \| Copyrights [Member]
Business Acquisition [Line Items]
Intangible assets	$ 2,317
Amortization period	5 years
Tibet Tianli Education Technology Co Ltd [Member] \| Distribution channel [Member]
Business Acquisition [Line Items]
Intangible assets	$ 17,230
Amortization period	5 years

Business Acquisitions (Tables)

12 Months Ended

May 31, 2024

Tibet Tianli Education Technology Co Ltd [Member]

Purchase Price Allocation

The purchase price was allocated on the date of acquisition as follows:


	US$			Amortization period
Cash and cash equivalents		4,568
Other current assets		33,906
Property and equipment		218			1-5 years
Intangible assets
Trademark		8,108			5 years
Copyright		2,317			5 years
Distribution channel		17,230			5 years
Goodwill		26,216
Other non-current assets		317
Other current liabilities		(13,411	)
Deferred tax liabilities		(2,489	)
Fair value of the 17.4% equity interests previously held		(13,395	)
Non-controlling interests		(31,007	)

Total		32,578

Related-Parties Transactions - Additional Information (Detail) - Beijing Miaofeng [Member] - USD ($)	1 Months Ended		12 Months Ended
	Feb. 29, 2024	Jun. 30, 2023	May 31, 2024
Related Party Transaction [Line Items]
Loan to a non-enterprise institution			$ 36,200,000
Sponsorship Interest [Member]
Related Party Transaction [Line Items]
Percentage of sponsorship acquired	90.91%	9.09%
Payment to acquire interest in other entities	$ 138,100	$ 13,800

Short-Term Investments - Summary of Short-Term Investments (Detail) - USD ($) $ in Thousands	May 31, 2024	May 31, 2023
Short-term Investments [Abstract]
Short-term investments	$ 2,065,579	$ 1,477,843
Wealth Management Products Measured At Fair Value [Member]
Short-term Investments [Abstract]
Short-term investments	1,988,907	1,404,830
Trading securities [Member]
Short-term Investments [Abstract]
Short-term investments	$ 76,672	$ 73,013

Organization and Principal Activities

12 Months Ended

May 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Principal Activities

1.	ORGANIZATION AND PRINCIPAL ACTIVITIES

New Oriental Education & Technology Group Inc. (the “Company”) was incorporated in the Cayman Islands. The Company, its subsidiaries, the consolidated variable interest entities (the “VIEs”) and the VIEs’ subsidiaries and schools are collectively referred to as the “Group”.

The Group provides educational services in the People’s Republic of China (the “PRC”) primarily under the “New Oriental” brand. The Group offers a wide range of educational programs, services and products, consisting primarily of educational services and test preparation courses, overseas study consulting services, and educational material and distribution, as well as provision of private label products and livestreaming

e-commerce

and other services.

On July 24, 2021, the General Office of the Communist Party of China Central Committee and the General Office of the State Council of the PRC jointly issued the “Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education (compulsory education includes primary school education of six years and middle school education of three years, together as the “Compulsory Stage Education”)” (the “Opinion”). The key provisions of the Opinion include, but are not limited to: (i) institutions providing after-school tutoring (the “AST”) services on academic subjects in relation to the Compulsory Stage Education (“Academic AST Institutions”) are required to be registered as

non-profit

organization, (ii) Academic AST Institutions providing online tutoring services are required to make an application to renew their operating permit in order to maintain the internet content provider license (the “ICP License”); (iii) foreign investors shall not control or hold interest in Academic AST Institutions by means of direct investment, merger and acquisition, franchise or contractual arrangements; and (iv) certain restrictions on timing and fee of academic AST services.

On September 7, 2021, to implement the Opinion, the Chinese Ministry of Education (the “MOE”) published on its website that the MOE, together with two other government authorities, issued a circular requiring all Academic AST Institutions to complete registration as

non-profit

by the end of 2021, and all Academic AST Institutions shall, before completing such registration, suspend enrollment of students and charging fees.

In compliance with the Opinion and applicable rules, regulations and measures, the Company decided in November 2021 to cease offering services relating to academic subjects to students from kindergarten through grade nine

(“K-9

Academic AST Services”) in the mainland of China by the end of December 2021. The revenues from offering

K-9

Academic AST Services accounted for a significant portion of the Company’s total revenues for the year ended May 31, 2022. The Company continued to provide academic services to non

K-9

students and

non-academic

services under the guidance from relevant government authorities. The Company also early terminated certain leased office spaces and learning centers and disposed relevant leasehold improvements and electronic equipment due to the downsized capacity relating to the cessation of

K-9

Academic AST Services in mainland China for the year ended May 31, 2022.

On April 7, 2021, the State Council promulgated the Amended Implementation Rules for the Private Education Law, which became effective on September 1, 2021, or the Amended Implementation Rules. Under the Amended Implementation Rules, the private schools providing compulsory education are prohibited from being controlled through contractual arrangement and conducting transactions with its related parties. As a result, the master exclusive service agreement was further amended and effective from September 1, 2021, to exclude Beijing Changping New Oriental Bilingual School (“Changping School”) and Beijing New Oriental Yangzhou Foreign Language School (“Yangzhou School”) from such agreement. On August 31, 2021, the Company ceased its ability to use its power under the contractual arrangements to direct the relevant activities that would most significantly affect the economic performance of the Company’s private schools due to implications of the Amended Implementation Rules. Accordingly, the Company deconsolidated Changping School and Yangzhou School, two private schools that provided compulsory education, in September 2021 in compliance with the Amended Implementation Rules. A deconsolidation loss of US$79,609, the carrying amount of the net assets of the schools, was recognized in “Loss on deconsolidation of subsidiaries” on its consolidated financial statements for the year ended May 31, 2022. The deconsolidation of Changping School and Yangzhou School did not meet the definition of a discontinued operation per ASC Subtopic

205-20,

Presentation of Financial Statements-Discontinued Operations

, as the deconsolidation did not represent a shift in strategy nor had a major impact to the Group’s operation and financial results.

As of May 31, 2024, 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 technology and management services
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	57.17%	Investment holding
New Oriental Xuncheng Technology (HK) Limited (“Xuncheng Tech”)	March 2, 2018	Hong Kong	57.17%	Investment holding
Beijing Dexin Dongfang Network Technology Co., Ltd. (“Dexin Dongfang”)	March 21, 2018	PRC	57.17%	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	Online education
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
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. (“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

The VIE arrangements

The PRC laws and regulations currently require any foreign entity that invests in the education business in China to be an educational institution with relevant experience in providing educational services outside of China. The Company’s offshore holding companies are not educational institutions and do not provide educational services outside of China. In addition, in the PRC, foreign ownership of high schools for students in grades ten to twelve is restricted and foreign ownership of primary and middle schools for students in grades one to nine is prohibited. Accordingly, the Company’s offshore holding companies are not allowed to directly own and operate schools in China. The Company conducts substantially all of its education business in China through contractual arrangements with the consolidated VIEs, New Oriental China and its subsidiaries and schools and Xuncheng and its subsidiaries. Since the education business operations of New Oriental China and its subsidiaries and schools and Xuncheng and its subsidiaries are closely interrelated and almost indistinguishable from one another, the risks and rewards associated with their operations are substantially the same. In addition, the Company consolidates New Oriental China, its subsidiaries and schools, Xuncheng and its subsidiaries as disclosed. Therefore, the Company aggregates the disclosures related to New Oriental China, its subsidiaries and schools, and Xuncheng and its subsidiaries as the VIEs in the Company’s consolidated financial statements. The VIEs hold the requisite licenses and permits necessary to conduct the Company’s education business and

e-commerce

business. In addition, the VIEs hold leases and other assets necessary to operate the Company’s schools and learning centers, employ teachers and generate substantially all of the Company’s revenues of education businesses.

VIE Arrangements between New Oriental China and the Company’s PRC subsidiaries

The Company and its wholly owned subsidiaries in China (the “WFOEs”) entered into the following contractual arrangements with New Oriental China, New Oriental China’s subsidiaries and schools and New Oriental China’s shareholders that enable the Company to (1) have power to direct the activities that most significantly affects the economic performance of the VIEs, (2) receive substantially all of the economic benefits of the VIEs that could be significant to the VIEs and (3) have an exclusive option to purchase all or part of the equity interests in New Oriental China, when and to the extent permitted by the PRC law, or request the existing shareholder of New Oriental China to transfer all or part of the equity interest in New Oriental China to another PRC person or entity designated by the Company at any time in the Company’s discretion. Accordingly, the Company is considered the primary beneficiary of the VIE and has consolidated the VIE’s financial results of operations, assets and liabilities in the Company’s consolidated financial statements. In making the conclusion that the Company is the primary beneficiary of the VIE, the Company believes the Company’s rights under the terms of the exclusive option agreement provide it with the substantive

kick-out

rights. More specifically, the Company believes the terms of the exclusive option agreement are valid, binding and enforceable under the PRC laws and regulations currently in effect. The Company also believes that the minimum amount of consideration permitted by the applicable PRC law to exercise the option does not represent a financial barrier or disincentive for the Company to currently exercise its rights under the exclusive option agreement.

A simple majority vote of the Company’s board of directors is required to pass a resolution to exercise the Company’s rights under the exclusive option agreement, for which Mr. Michael Minhong Yu (“Mr. Yu”)’s consent is not required. The Company’s rights under the exclusive option agreement give the Company the power to control the shareholders of New Oriental China and thus the power to direct the activities that most significantly impact the schools’ economic performance given that New Oriental China has the power to direct the activities of the schools via its sponsorship interest. In addition, the Company’s rights under the power of attorney also reinforce the Company’s abilities to direct the activities that most significantly impact the VIE’s economic performance. The Company also believes that this ability to exercise control ensures that the VIE will continue to execute and renew service agreements and pay service fees to the Company. By charging service fees in whatever amounts the Company deems fit, and by ensuring that service agreements are executed and renewed indefinitely, the Company has the rights to receive substantially all of the economic benefits from the VIE.

Service agreements.

There are four types of service agreements: (i) trademark license agreements, (ii) new enrollment system development service agreements, (iii) other operating service agreements, and (iv) sale of educational software agreements.

(i)

Trademark license agreements. Pursuant to the trademark license agreement dated May 13, 2006 between the Company as the licensor and New Oriental China as the licensee, the Company has licensed the trademarks to New Oriental China for its use in China. The Company has also allowed New Oriental China to enter into

sub-license

agreements with its subsidiaries and schools pursuant to which each of the subsidiaries and schools may use the trademarks in China by paying license fees. This license is valid from May 14, 2006 to December 31, 2050, subject to the renewal every ten years upon the expiration of the trademark registration.

(ii)

New enrollment system development service agreements. Beijing Decision has entered into new enrollment system development service agreements with the schools of New Oriental China, under which Beijing Decision agreed to provide new enrollment system development and regular maintenance services to those schools of New Oriental China for a fee equal to the applicable fee rate multiplied by the number of new student enrollments. These agreements can be renewed by both parties to the agreements.

(iii)

Other operating service agreements. Pursuant to operating service agreements between certain WFOEs and the subsidiaries or schools of New Oriental China, the WFOEs have agreed to provide certain operating services to the subsidiaries or schools of New Oriental China for fees that are calculated based on a percentage, ranging from 2.0% to 6.0%, of respective revenues of each of the subsidiaries and schools. A majority of these agreements provide unlimited

two-year

or five-year automatic renewal without consent of the WFOEs. The remaining agreements can be renewed by both parties to the agreements.

(iv)

Sale of educational software agreements. The WFOEs entered into agreements whereby the WFOEs sell various self-developed educational software to the subsidiaries or schools of New Oriental China.

Master exclusive service agreement.

On September 19, 2014, Beijing Pioneer entered into a master exclusive service agreement with New Oriental China to enable the Company’s wholly owned subsidiaries in China to receive substantially all of the economic benefits of New Oriental China and its subsidiaries and schools. Under the master exclusive service agreement, Beijing Pioneer has the exclusive rights to provide or designate any entities affiliated with it to provide New Oriental China and its subsidiaries and schools the technical and business support services, including new enrollment system development service, sale of educational software and other operating services. Each service provider specified in the service agreement (iv) has the rights to determine the fees associated with the services it provides based on the technical difficulty and complexity of the services and the actual labor costs it incurs for providing the services during the relevant period. The term of this agreement is ten years and will be automatically extended upon expiration. Beijing Pioneer may terminate the agreement at any time with a

30-day

prior written notice to New Oriental China, whereas none of New Oriental China and its subsidiaries and schools can terminate this agreement. The various existing service agreements mentioned in service agreements (i)~(iv) will remain effective after the inclusion of the master exclusive service agreement; however, if they have any conflict with the terms and conditions of the master exclusive service agreement, the master exclusive service agreement will prevail. The master exclusive service agreement was effective on September 19, 2014.

As discussed in the preceding paragraphs, the Group further amended its master exclusive service agreement on September 1, 2021 to exclude two compulsory-education schools from such agreement. As a result, the wholly-owned subsidiaries in China stopped providing any exclusive services to or receive any fees from those two schools.

Equity pledge agreements

. Pursuant to the equity pledge agreements dated May 25, 2006 among New Oriental China, all of the shareholders of New Oriental China, Beijing Hewstone and Beijing Decision, each shareholder of New Oriental China agreed to pledge his or its equity interest in New Oriental China to Beijing Hewstone and Beijing Decision to secure the performance of the VIEs’ obligations under the existing service agreements and any such agreements to be entered into in the future. The shareholders of New Oriental China agreed not to transfer, sell, pledge, dispose of or otherwise create any encumbrance on their equity interests in New Oriental China without the prior written consent of Beijing Hewstone and Beijing Decision.

In January 2012, ten former shareholders of New Oriental China completed the transfer, for no consideration, of all of their equity interests in New Oriental China to Beijing Century Friendship Education Investment Co., Ltd. (“Century Friendship”), a PRC domestic enterprise controlled by the Company’s founder and chairman, Mr. Yu. Prior to the transfer, Century Friendship had held 53% of the equity interests in New Oriental China while the ten former shareholders of New Oriental China held the remaining equity interests. In connection to the transfer, five new equity pledge agreements dated April 23, 2012 were entered into among New Oriental China, Century Friendship and five WFOEs, whereby Century Friendship has agreed to pledge all of its equity interests in New Oriental China to the WFOEs to secure the VIEs’ performance of their obligations under the trademark license agreements, new enrollment system development service agreements, other operating service agreements and sale of educational software agreements. Century Friendship has agreed not to transfer, sell, pledge, dispose of or otherwise create any encumbrance on its equity interests in New Oriental China without the prior written consents of the WFOEs. The terms of the April 2012 equity pledge agreements are substantially the same as the 2006 equity pledge agreements.

In February 2017, as part of efforts to streamline the corporate structure, the Group removed Shanghai Smart Words Software Technology Co., Ltd. (“Shanghai Smart Words”) as a party to the contractual arrangements with New Oriental China and its subsidiaries and schools and the shareholders. The rights and obligations of Shanghai Smart Words under these contractual arrangements have been assumed by Beijing Decision. The April 2012 equity pledge agreements have been amended to reflect the foregoing change while the terms of these agreements remain unchanged. The equity pledges of Century Friendship under the amended agreements have been registered with the Haidian District, Beijing branch of the State Administration of Market Regulation (the “SAMR”).

Exclusive option agreements

. Pursuant to the exclusive option agreements entered into on various dates, as amended on May 25, 2006, among the Company, New Oriental China and its shareholders, the shareholders of New Oriental China are obligated to sell to the Company, and the Company has an exclusive, irrevocable and unconditional rights to purchase, or cause the shareholders of New Oriental China to sell to the Company’s designated party, in the Company’s sole discretion, part or all of the shareholders’ equity interests in New Oriental China when and to the extent that applicable PRC law permits the Company to own part or all of such equity interests in New Oriental China. In addition, pursuant to the exclusive option agreements, the Company has an exclusive, irrevocable and unconditional right to request any existing shareholders of New Oriental China to transfer all or part of the equity interest in New Oriental China held by such shareholder to another PRC person or entity designated by the Company at any time in the discretion. The price to be paid by the Company or a PRC person or entity designated by the WFOEs will be the minimum amount of consideration permitted by applicable PRC law at the time when such share transfer occurs. As a result of the ten former shareholders of New Oriental China transferring all of their equity interests in New Oriental China to Century Friendship in January 2012, Century Friendship executed a new option agreement with Shanghai Smart Words and New Oriental China on April 23, 2012. The terms of this new option agreement are substantially the same as the 2006 exclusive option agreements.

On February 16, 2017, Beijing Decision entered into a new option agreement with Century Friendship and New Oriental China, replacing the previous option agreement dated April 23, 2012. Pursuant to the current option agreement, Century Friendship is obligated to sell to Beijing Decision, and Beijing Decision has an exclusive, irrevocable and unconditional rights to purchase from Century Friendship, in its sole discretion, part or of all of Century Friendship’s equity interests in New Oriental China when and to the extent that applicable PRC law permits it to own part or all of the equity interest in New Oriental China. In addition, Beijing Decision has an exclusive option to require Century Friendship to transfer all or part of Century Friendship’s equity interest in New Oriental China to another PRC person or entity designated by Beijing Decision at any time in its discretion. The purchase price to be paid by Beijing Decision will be the minimum amount of consideration permitted by the applicable PRC law at the time when such share transfer occurs.

Power of Attorney.

On December 3, 2012, Century Friendship, in the capacity of the sole shareholder of New Oriental China, executed a proxy agreement and power of attorney with Beijing Pioneer, which is one of the Company’s wholly owned subsidiaries in China, and New Oriental China, whereby Century Friendship irrevocably appoints and constitutes Beijing Pioneer as its

attorney-in-fact

to exercise on Century Friendship’s behalf any and all rights that Century Friendship has in respect of its equity interests in New Oriental China. This proxy agreement and power of attorney became effective on December 3, 2012 and replaces the powers of attorney executed by Century Friendship on April 23, 2012. The proxy agreement and power of attorney will remain effective as long as New Oriental China exists. Century Friendship does not have the rights to terminate the proxy agreement and power of attorney or revoke the appointment of the

attorney-in-fact

without the prior written consent of Beijing Pioneer.

VIE Arrangements between Dexin Dongfang and Xuncheng

On May 10, 2018, Dexin Dongfang, a wholly-owned subsidiary of East Buy, entered into certain contractual arrangements (the “Contractual Arrangements”) with Xuncheng and the shareholders of Xuncheng, which enable East Buy to obtain control over Xuncheng and its subsidiaries (together the “Xuncheng VIE entities”).

The Contractual Arrangements include an Exclusive Management Consultancy and Business Cooperation Agreement, an Exclusive Call Option Agreement, an Equity Pledge Agreement, a Powers of Attorney and Dispute resolution and Letters of undertaking. The terms of these contractual agreements between Dexin Dongfang and Xuncheng are substantially similar to those agreements of New Oriental China described in the preceding paragraphs.

Through these Contractual Agreements, Dexin Dongfang has the ability to (1) expose, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over Xuncheng VIE entities; (2) exercise equity holders’ controlling voting rights of Xuncheng VIE entities; (3) receive substantially all of the economic benefits of Xuncheng VIE entities in consideration for the business support, technical and consulting services provided by Dexin Dongfang; (4) obtain an irrevocable and exclusive right to purchase all or part of equity interests in Xuncheng VIE entities from the respective equity holders at nil consideration or a minimum purchase price permitted under the PRC Laws; (5) obtain a pledge over the entire equity interest of Xuncheng from their equity holders as collateral security for all of Xuncheng VIE entities’ payments.

Risks in relation to the VIE structure

The Company believes that the contractual arrangements with the consolidated VIEs and their respective shareholders are in compliance with the PRC laws and regulations and are legally enforceable as of May 31, 2024. However, the uncertainties in the PRC legal system could limit the Company’s ability to enforce the contractual arrangements. If the legal structure and contractual arrangements were found to be in violation of the PRC laws and regulations, the PRC government could:

•

revoke the business and operating licenses of the Company’s PRC subsidiaries and the VIEs;

•

confiscate any of income of the Company that it deems to be obtained through illegal operations;

•

discontinue or restrict the operations of any related-party transactions between the Company’s PRC subsidiaries and the VIEs;

•

restrict right of the Company to collect revenues or limit the Company’s business expansion in China by way of entering into contractual arrangements;

•

impose fines or other requirements with which the Company’s PRC subsidiaries and the VIEs may not be able to comply;

•

require the Company or the Company’s PRC subsidiaries or the VIEs to restructure the relevant ownership structure or operations;

•

restrict or prohibit the Company’s use of the proceeds of the further offering to finance the Group’s business and operations in China; or

•

take other regulatory or enforcement actions against the Group that could be harmful to its business.

The Company’s ability to conduct its education business may be negatively affected if the PRC government were to carry out of any the aforementioned actions. As a result, the Company may not be able to consolidate its VIEs in its consolidated financial statements as it may lose the ability to exert effective control over the VIEs and their respective shareholders and it may lose the ability to receive economic benefits from the VIEs. The Company, however, does not believe such actions would result in the liquidation or dissolution of the Company, its PRC subsidiaries or the VIEs.

Mr. Yu is the controlling shareholder of Century Friendship, which owns all of the equity interests in New Oriental China, which in turn owns all of the equity interests in Xuncheng, and Mr. Yu is also a beneficial owner of the Company. The interests of Mr. Yu as the beneficial owner of the VIEs may differ from the interests of the Company as a whole, since Mr. Yu is one of the beneficial shareholders of the Company, holding 12.1% of the total common shares outstanding as of May 31, 2024. The Company cannot assure that when conflicts of interest arise, Mr. Yu will act in the best interests of the Company or that conflicts of interests will be resolved in the Company’s favor. Currently, the Company does not have existing arrangements to address potential conflicts of interest Mr. Yu may encounter in his capacity as a beneficial owner and director of the VIEs, on the one hand, and as a beneficial owner and director of the Company, on the other hand. The Company believes Mr. Yu will not act contrary to any of the contractual arrangements and the exclusive option agreement provides the Company with a mechanism to remove Mr. Yu as a beneficial shareholder of the VIEs should he act to the detriment of the Company. The Company relies on Mr. Yu, as a director and the chairman of the Company, to fulfill his fiduciary duties and abide by laws of the PRC and Cayman Islands and act in the best interest of the Company. If the Company cannot resolve any conflicts of interest or disputes between the Company and Mr. Yu, the Company would have to rely on legal proceedings, which could result in disruption of its business, and there is substantial uncertainty as to the outcome of any such legal proceedings.

In addition, the current shareholders of New Oriental China and Xuncheng are also beneficial owners of the Company and therefore, have no current interest in seeking to act contrary to the contractual arrangements. However, to further protect the investors’ interest from any risk that the shareholders of New Oriental China may act contrary to the contractual arrangements, the Company, through Beijing Pioneer, entered into an irrevocable power of attorney with Century Friendship on December 3, 2012, which replaces the powers of attorney executed by Century Friendship on April 23, 2012. Through the power of attorney, Century Friendship entrusted Beijing Pioneer as its proxy to exercise its rights as the shareholder of New Oriental China with respect to an aggregate of 100% of the equity interests in New Oriental China.

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
	2023		2024
	US$		US$
Total current assets		2,366,136		3,022,740
Total non-current assets		1,218,363		1,663,719

Total assets		3,584,499		4,686,459

Total current liabilities		2,145,624		2,906,092
Total non-current liabilities		309,269		462,305

Total liabilities		2,454,893		3,368,397


	For the years ended May 31,
	2022			2023		2024
	US$			US$		US$
Net revenues		3,093,340			2,982,945		4,280,056
Net (loss)/income		(1,116,151	)		593,183		606,139

The following are cashflows of the VIEs and VIEs’ subsidiaries for the years ended May 31, 2022, 2023 and 2024

, after the elimination of intercompany transactions


	For the years ended May 31
	2022			2023			2024
	US$			US$			US$

Net cash (used in)/provided by operating activities		(1,227,712	)		965,336			1,310,909
Net cash provided by/(used in) investing activities		1,174,720			294,911			(1,234,725	)
Net cash used in financing activities		—			(19,353	)		(16,721	)

The VIEs contributed an aggregate of 99.6%, 99.5% and 99.2% of the consolidated net revenues for the years ended May 31, 2022, 2023 and 2024, respectively. The Company’s operations not conducted through contractual arrangements with the VIEs primarily consist of the lease of its commercial property. As of May 31, 2023 and 2024, the VIEs accounted for an aggregate of 56.1% and 62.2%, respectively, of the consolidated total assets, and 95.2%, and 96.7%, respectively, of the consolidated total liabilities. The assets not associated with the VIEs primarily consist of cash and cash equivalents, prepaid expenses, short-term investments and long-term investments.

There are no consolidated VIEs’ assets that are collateralized for the VIEs’ obligations and can only be used to settle the VIEs’ obligations. There are no creditors (or beneficial interest holders) of the VIEs that have recourse to the general credit of the Company or any of its consolidated subsidiaries. There are no terms in any arrangements, considering both explicit arrangements and implicit variable interests that require the Company or its subsidiaries to provide financial support to the VIEs. However, if the VIEs ever need financial support, the Company or its subsidiaries may, at its option and subject to statutory limits and restrictions, provide financial support to its VIEs through loans to the shareholders of the VIEs or entrustment loans to the VIEs.

Relevant PRC laws and regulations restrict the VIEs from transferring a portion of its net assets, equivalent to the balance of its statutory reserve and its share capital, to the Company in the form of loans and advances or cash dividends. Please refer to Note 24 for disclosure of restricted net assets.

Intangible Assets, Net - Schedule of Intangible Assets, Net (Detail) - USD ($) $ in Thousands	May 31, 2024	May 31, 2023
Intangible assets with indefinite lives:
Intangible assets with indefinite lives, Gross	$ 226	$ 230
Intangible assets with finite lives:
Intangible assets, gross	49,065	49,786
Less: accumulated amortization	(31,648)	(25,555)
Exchange differences	1,255	948
Intangible assets	18,672	25,179
Trademark [Member]
Intangible assets with finite lives:
Intangible assets with finite lives, Gross	16,005	16,221
Courseware [Member]
Intangible assets with finite lives:
Intangible assets with finite lives, Gross	1,192	1,214
Student base [Member]
Intangible assets with finite lives:
Intangible assets with finite lives, Gross	11,935	12,059
Favorable lease [Member]
Intangible assets with finite lives:
Intangible assets with finite lives, Gross	648	660
License [Member]
Intangible assets with finite lives:
Intangible assets with finite lives, Gross	415	415
Copyrights [Member]
Intangible assets with finite lives:
Intangible assets with finite lives, Gross	2,210	2,250
Distribution channel [Member]
Intangible assets with finite lives:
Intangible assets with finite lives, Gross	$ 16,434	$ 16,737

Short-Term Investments

12 Months Ended

May 31, 2024

Investments, Debt and Equity Securities [Abstract]

Short-Term Investments

4.	SHORT-TERM INVESTMENTS

Short-term investments consisted of the following:


	As of May 31,
	2023		2024
	US$		US$
Wealth management products measured at fair value		1,404,830		1,988,907
Trading securities		73,013		76,672

		1,477,843		2,065,579

Short-term investments mainly consist of wealth management products with variable interest rates where principal is unsecured and maturities range from one month to less than one year and trading securities. Starting from June 1, 2022, the Group elects the fair value option to record wealth management products in accordance with ASC 825 Financial Instruments. Changes in the fair value are reflected in the consolidated statements of operations.

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	May 31, 2024	May 31, 2023	May 31, 2022
Beijing Ainuo Shida Education & Technology Co., Ltd [Member]
Purchase of business, cash acquired	$ 0	$ 5,065	$ 0

Fair Value Measurement

12 Months Ended

May 31, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurement

11.	FAIR VALUE MEASUREMENT

Assets and liabilities measured at fair value on a recurring basis

The Group measures

available-for-sale

investments, equity securities with readily determinable fair value, wealth management products and trading securities at fair value on a recurring basis. The

available-for-sale

investments recorded in long-term investments include redeemable preferred shares. The equity securities with readily determinable fair value include common shares of listed companies.

As of May 31, 2023 and 2024, information about inputs for the fair value measurements of the Group’s assets that are measured at fair value on a recurring basis in periods subsequent to their initial recognition is as follows:


	As of May 31, 2023
Description	Quoted Prices in Active Market for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total
	US$		US$		US$		US$
Short-term investments:
Wealth management products measured at fair value (a)		—		1,404,830		—		1,404,830
Trading securities (a)		73,013		—		—		73,013
Long-term investments:
Equity securities with readily determinable fair values (b)		6,291		—		—		6,291
Available-for-sale investments (c)		—		17,890		141,698		159,588

Total		79,304		1,422,720		141,698		1,643,722


	As of May 31, 2024
Description	Quoted Prices in Active Market for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total
	US$		US$		US$		US$
Short-term investments:
Wealth management products measured at fair value (a)		—		1,988,907		—		1,988,907
Trading securities (a)		76,672		—		—		76,672
Long-term investments:
Equity securities with readily determinable fair values (b)		25,027		—		—		25,027
Available-for-sale investments (c)		—		10,000		125,777		135,777

Total		101,699		1,998,907		125,777		2,226,383

(a)

The short-term investments of wealth management products use alternative pricing sources, accordingly classified Level 2 measurement. The short-term investments of trading securities are valued at their daily closing price as reported by the financial institutions and are classified Level 1 measurement.

(b)	The Company measured the fair value of its investments in common shares using the market approach based on the quoted stock price of its investees in the active market and has classified it as Level 1 measurement.

(c)

As of May 31, 2024, the fair value of

available-for-sale

investments amounted to US$135,777, with original cost of US$89,167 and unrealized gain of US$46,610. As of May 31, 2023, the fair value of

available-for-sale

investments amounted to US$159,588, with original cost of US$80,000 and unrealized gain of US$79,588.

For redeemable preferred shares that do not have a quoted market rate, when recent transactions are available, the Company measured their fair value based on recent transactions. Recent transactions include the purchase price agreed by an independent third party for a similar investment and have been classified as Level 2 measurement. When no recent transactions are available, the Company has classified those as Level 3 measurement and a market approach or income approach will be used by the Company to measure fair value. The market approach takes into consideration a number of factors including market multiple and discount rates from traded companies in the industry and requires the Company to make certain assumptions and estimates regarding industry factors. The income approach takes into consideration a number of factors including management projection of discounted future cash flow of the investee as well as an appropriate discount rate. The assumptions are inherently uncertain and subjective. Specifically, some of the significant unobservable inputs included the investee’s historical earning, discount of lack of marketability, investee’s time to initial public offering as well as related volatility. Changes in any unobservable inputs may have a significant impact on fair values. As of May 31, 2024, the fair values of available-for-sale investments classified as Level 3 were measured using the market or income approaches with significant unobservable inputs were based on the following assumptions: (1) expected volatility ranging from

34.4%

94.9%

, (2) discount rates ranging from

14.0%

24.0%

, and (3) expected life ranging from

2.6

4.0

years.

The Group did not have any transfers neither between Level 1 and Level 2 nor between Level 1 and Level 3 fair value measurements during the periods presented. The following table provides additional information about the reconciliation of the fair value measurements of assets using significant unobservable inputs (Level 3).


	Level 3 investments
	US$
Balance as of June 1, 2022		162,974
Transfer from Level 2		10,028
Transfer to Level 2		(17,510	)
Unrealized loss		(3,172	)
Impairment		(2,901	)
Foreign exchange difference		(7,721	)

Balance as of May 31, 2023		141,698

Initial recognition		9,504
Transfer from Level 2		17,890
Unrealized loss		(25,034	)
Impairment		(11,693	)
Disposals		(4,640	)
Foreign exchange difference		(1,948	)

Balance as of May 31, 2024		125,777

Assets and liabilities measured at fair value on a nonrecurring basis

Goodwill and acquired intangible assets are measured at fair value on a

non-recurring

basis when an impairment is recognized.

The Group measures goodwill at fair value annually or whenever events or changes in circumstances indicate that the carrying amount of a reporting unit exceeds its fair value. The fair value of goodwill is determined using discounted cash flows, and an impairment loss is recognized for any excess in the carrying value of goodwill over the implied fair value of goodwill. The Group measures acquired intangible assets using the income approach, when events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable.

For equity securities without readily determinable fair values, the fair value was determined using directly or indirectly observable inputs in the market place (Level 2 inputs). Whenever events or changes in circumstances indicate that the carrying value may no longer be recoverable, the fair value of aforementioned long-term investments was determined using models with significant unobservable inputs (Level 3 inputs), primarily the management projection of discounted future cash flow and the discount rate.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Lease - Summary of Maturity Analysis of Annual Undiscounted Cash Flows (Detail) $ in Thousands	May 31, 2024 USD ($)
Lessee, Lease, Description [Line Items]
May 31, 2025	$ 227,888
May 31, 2026	184,310
May 31, 2027	130,508
May 31, 2028	90,996
May 31, 2029	48,238
Therafter	25,388
Total future lease payments	707,328
Less: Imputed interest	(59,401)
Present value of operating lease liabilities	$ 647,927

Restricted Net Assets - Additional Information (Detail) - USD ($) $ in Thousands	May 31, 2024	May 31, 2023	May 31, 2022
Restricted Net Assets [Line Items]
Restricted net assets	$ 956,123	$ 935,032	$ 918,190
Variable interest entities (VIEs) [Member] \| Paid in capital, additional paid-in capital and statutory reserves [Member]
Restricted Net Assets [Line Items]
Restricted net assets	557,771	535,700	519,388
Wholly owned subsidiaries [Member] \| Paid in capital, additional paid-in capital and statutory reserves [Member]
Restricted Net Assets [Line Items]
Restricted net assets	$ 398,352	$ 399,332	$ 398,802

Net Income/(Loss) Per Share (Tables)

12 Months Ended

May 31, 2024

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income/(Loss) Per Share

The computation of basic and diluted net income/(loss) per common share for the years ended May 31, 2022, 2023 and 2024 is as follows:


	For the years ended May 31,
	2022			2023		2024
Numerator:
Net income/(loss) attributable to New Oriental Education & Technology Group Inc.’s shareholders - basic (US$ in thousands)		(1,187,721	)		177,341		309,591

Net income/(loss) attributable to New Oriental Education & Technology Group Inc.’s shareholders - diluted (US$ in thousands)		(1,187,721	)		173,732		308,443

Denominator
Weighted average common shares outstanding-basic		1,696,419,232			1,678,264,547		1,653,597,432

Plus: incremental weighted average common shares from assumed vesting of NES using the treasury stock method		—			7,367,440		15,902,520

Weighted average common shares outstanding-diluted		1,696,419,232			1,685,631,987		1,669,499,952

Net income/(loss) per common share
- Basic (US$)		(0.70	)		0.11		0.19
- Diluted (a) (US$)		(0.70	)		0.10		0.18

(a)	For the year ended May 31, 2024, the Company does not have any securities that would have an anti-dilutive effect included in the computation of diluted net income/(loss) per common share.

Organization and Principal Activities (Tables)

12 Months Ended

May 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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

As of May 31, 2024, 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 technology and management services
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	57.17%	Investment holding
New Oriental Xuncheng Technology (HK) Limited (“Xuncheng Tech”)	March 2, 2018	Hong Kong	57.17%	Investment holding
Beijing Dexin Dongfang Network Technology Co., Ltd. (“Dexin Dongfang”)	March 21, 2018	PRC	57.17%	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	Online education
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
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. (“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


	As of May 31
	2023		2024
	US$		US$
Total current assets		2,366,136		3,022,740
Total non-current assets		1,218,363		1,663,719

Total assets		3,584,499		4,686,459

Total current liabilities		2,145,624		2,906,092
Total non-current liabilities		309,269		462,305

Total liabilities		2,454,893		3,368,397


	For the years ended May 31,
	2022			2023		2024
	US$			US$		US$
Net revenues		3,093,340			2,982,945		4,280,056
Net (loss)/income		(1,116,151	)		593,183		606,139

The following are cashflows of the VIEs and VIEs’ subsidiaries for the years ended May 31, 2022, 2023 and 2024

, after the elimination of intercompany transactions


	For the years ended May 31
	2022			2023			2024
	US$			US$			US$

Net cash (used in)/provided by operating activities		(1,227,712	)		965,336			1,310,909
Net cash provided by/(used in) investing activities		1,174,720			294,911			(1,234,725	)
Net cash used in financing activities		—			(19,353	)		(16,721	)

- 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.

+ References + Details

Significant Accounting Policies - Additional Information (Detail)
$ / shares in Units, $ in Thousands

2 Months Ended

12 Months Ended

Apr. 01, 2019

May 31, 2019

May 31, 2024

USD ($)

$ / shares

May 31, 2023

USD ($)

May 31, 2022

USD ($)

May 31, 2019

May 31, 2024

$ / shares

Significant Of Accounting Policies [Line Items]

Value added tax

13.00%

Vat on sales

13.00%

6.00%

Excess of refund

3.00%

Accounts receivable

$ 29,689

$ 33,074

Deferred revenue

1,780,063

1,337,630

Refund liability

^[1]

20,298

19,323

Revenues

4,313,586

2,997,760

$ 3,105,246

Total advertising expenses

86,493

49,365

43,520

Government subsidies received

15,000

16,010

9,170

Aggregate amounts denominated in RMB

$ 2,093,141

2,012,511

Amortization term of long term debt

1 year

Minority interests decrease from redemptions

32,659

East Buy [Member]

Significant Of Accounting Policies [Line Items]

Share based compensation arrangement by share based payment award shares purchased for award | shares

32,425,000

Minority interests decrease from redemptions

$ 84,465

Price per share of minority interests acquired | (per share)

$ 2.61

$ 20.38

Minority interests purchased percentage of outstanding share capital of the investee

3.10%

Investee Companies [Member]

Significant Of Accounting Policies [Line Items]

Percentage of ownership interest in voting stock considered to exist significant influence over investee company

20.00%

Unsecured Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]

Significant Of Accounting Policies [Line Items]

Unsecured debt fair value

$ 14,403

Service [Member]

Significant Of Accounting Policies [Line Items]

Revenues

3,500,998

2,544,729

3,050,022

Service [Member] | Educational services and test preparation courses [Member]

Significant Of Accounting Policies [Line Items]

Revenues

2,716,174

1,914,865

2,669,020

Service [Member] | Private label products and livestreaming Ecommerce and other services [Member]

Significant Of Accounting Policies [Line Items]

Revenues

190,860

178,165

473

Service [Member] | Overseas Study Consulting Services [Member]

Significant Of Accounting Policies [Line Items]

Revenues

439,744

354,764

325,901

Service [Member] | Other Segments [Member]

Significant Of Accounting Policies [Line Items]

Revenues

154,220

96,935

54,628

Product [Member]

Significant Of Accounting Policies [Line Items]

Revenues

812,588

453,031

55,224

Product [Member] | Private label products and livestreaming Ecommerce and other services [Member]

Significant Of Accounting Policies [Line Items]

Revenues

709,754

379,343

2,530

Product [Member] | Other Segments [Member]

Significant Of Accounting Policies [Line Items]

Revenues

102,834

73,688

$ 52,694

Other Current Liabilities [Member]

Significant Of Accounting Policies [Line Items]

Refund liability

167,369

138,549

Contract With Customer Assets [Member]

Significant Of Accounting Policies [Line Items]

Accounts receivable

Contract With Customer Liability [Member]

Significant Of Accounting Policies [Line Items]

Deferred revenue

$ 1,780,063

$ 1,337,630

Inter Company Sales [Member] | Self Developed Software Product [Member]

Significant Of Accounting Policies [Line Items]

Vat on sales

6.00%

Sales [Member] | Self Developed Software Product [Member]

Significant Of Accounting Policies [Line Items]

Vat on sales

13.00%

Sales [Member] | Books and Other Services [Member]

Significant Of Accounting Policies [Line Items]

Vat on sales

9.00%

Minimum [Member] | Investee Companies [Member]

Significant Of Accounting Policies [Line Items]

Percentage of ownership interest in voting stock considered to exist significant influence over investee company

20.00%

Maximum [Member] | Investee Companies [Member]

Significant Of Accounting Policies [Line Items]

Percentage of ownership interest in voting stock considered to exist significant influence over investee company

50.00%

Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | Group Customer [Member]

Significant Of Accounting Policies [Line Items]

Concentration risk

10.00%

Credit Concentration Risk [Member] | Accounts Receivable [Member] | Group Customer [Member]

Significant Of Accounting Policies [Line Items]

Concentration risk

10.00%

Land use rights [Member] | Minimum [Member]

Significant Of Accounting Policies [Line Items]

Estimated useful lives

38 years 6 months

Land use rights [Member] | Maximum [Member]

Significant Of Accounting Policies [Line Items]

Estimated useful lives

50 years

[1]	Advance payment from students represent (1) the miscellaneous expenses other than tuition fee prepaid by students which will be paid out on their behalf; and (2) advance payment prepaid by students for class enrollment.

Consolidated Statements of Comprehensive (Loss)/ Income - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Statement of Comprehensive Income [Abstract]
Net (loss)/income	$ 325,218	$ 235,363	$ (1,220,276)
Other comprehensive loss, net of tax
Foreign currency translation adjustment	(51,130)	(155,517)	(118,872)
Unrealized loss on available-for-sale investments, net of tax effect of US$1,316, US$513 and US$6,191 for the years ended May 31, 2022, 2023 and 2024, respectively	(18,843)	(2,279)	(12,896)
Other comprehensive loss, net of tax	(69,973)	(157,796)	(131,768)
Comprehensive (loss)/income	255,245	77,567	(1,352,044)
Comprehensive (loss)/income attributable to non-controlling interests	14,031	56,644	(31,539)
Comprehensive (loss)/income attributable to New Oriental Education & Technology Group Inc.'s shareholders	$ 241,214	$ 20,923	$ (1,320,505)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

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- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

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- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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-SubTopic 10
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-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
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Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-2

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
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-Paragraph 1A
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+ Details

Share-Based Compensation - Summary of Binomial Option-Pricing Model To Determine The Fair Value Of The Share Option As Of The Grant Date (Detail) - Koolearn post ipo share option three [Member]	Nov. 15, 2021 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average share price	$ 0.67
Exercise price	$ 0.67
Expected volatility	61.00%
Expected life	10 years
Risk-free rate	1.63%
Expected dividend yield	0.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Section 35
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-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Related-Parties Transactions - Balances and Transaction with Related Parties (Parenthetical) (Detail) - USD ($)
$ in Thousands

1 Months Ended

12 Months Ended

Apr. 30, 2016

May 31, 2024

May 31, 2023

May 31, 2022

Payment towards loans to related parties

$ 1,388

$ 2,387

$ 41,226

Operating lease right of use assets

653,905

439,535

Operating lease liabilities

647,927

Related Party [Member]

Amounts due from related parties, current

4,403

9,383

Payment towards loans to related parties

1,388

2,387

41,226

Related party costs

1,766

54,695

Metropolis Holding China Limited [Member]

Operating lease right of use assets

11,696

15,920

Operating lease liabilities

11,637

15,723

Metropolis Holding China Limited [Member] | Executive Chairman [Member]

Long-term investment under equity method and carrying amount

3,130

1,398

Metropolis Holding China Limited [Member] | Executive Chairman [Member] | Related Party [Member]

Amounts due from related parties, current

^[1]

1,399

2,435

Dianshi jingwei [Member]

Percentage of equity interest sold

51.00%

Dianshi jingwei [Member] | Related Party [Member]

Related party costs

52,380

MaxEn [Member] | Equity Method Investee [Member]

Payment towards loans to related parties

38,130

MaxEn [Member] | Equity Method Investee [Member] | Related Party [Member]

Payment towards loans to related parties

^[2]

38,130

Edutainment World [Member] | Long Term Investee [Member] | Related Party [Member]

Amounts due from related parties, current

^[3]

2,944

4,086

Related party costs

^[3]

$ 48

$ 1,253

$ 186

[1]	As of May 31, 2023 and 2024, the current amounts due from Metropolis, which is an entity acquired by a company wholly-owned by Mr. Yu, the chairman of the Company, were US$2,435 and US$1,399, respectively and the non-current amounts due from Metropolis were US$1,398 and US$3,130, respectively. Those represented prepaid rent related to a short-term lease and deposit for the building. As of May 31, 2023 and 2024, the right-of-use assets related to the leases rented from Metropolis were US$15,920 and US$11,696, respectively, and the relevant lease liabilities were US$15,723 and US$11,637, respectively.
[2]	For the year ended May 31, 2022, the Group provided the loans in aggregate of US$38,130 to Beijing MaxEn, an equity method investee of the Group. As of May 31, 2022, the outstanding balance of the loans was fully impaired.
[3]	Although the Group can exercise significant influence over Edutainment World, the investment of preferred shares are with substantive liquidation rights and therefore not deemed in substance common shares, the investment of preferred shares was accounted for as investment without readily determinable fair values in accordance with ASC 321. For the year ended May 31, 2022, 2023 and 2024, the Group provided services to Edutainment World, from which the unpaid balance was US$4,086 and US$2,944 as of May 31, 2023 and 2024, respectively.

Commitments and Contingencies

12 Months Ended

May 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

20.	COMMITMENTS AND CONTINGENCIES

Capital commitments

As of May 31, 2024, the future minimum capital commitments were as follows:


	US$
Capital commitment for the purchase of property and equipment		2,488
Capital commitment for leasehold improvements		22,713

Total		25,201

Contingent liabilities

The Group has been named in a number of lawsuits arising in its ordinary course of business. Although the outcome of those lawsuits are uncertain, the Group does not believe the possibility of a material loss is probable. The Group is unable to estimate a range of loss, if any, that could result if there would be an adverse decision, as such, the Group has not accrued any liabilities.

Income Taxes - Components of Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Current:
PRC	$ 130,927	$ 97,594	$ 44,378
Deferred:
PRC	(21,237)	(31,528)	91,934
Total provision for income taxes	$ 109,690	$ 66,066	$ 136,312

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Significant Accounting Policies (Tables)

12 Months Ended

May 31, 2024

Accounting Policies [Abstract]

Estimated Useful Lives of Assets

Depreciation and amortization are calculated on a straight line basis over the following estimated useful lives:


Buildings		20-50 years
Transportation equipment		10 years
Furniture and education equipment		5 years
Computer equipment and software		3 years
Leasehold improvements		Shorter of the lease term or estimated useful life

Summary of Estimated Useful Lives of Intangible Assets

The estimated useful lives of intangible assets are as follows:


Trademark		5-10 years
License		20 years
Student base		1.75 years
Favorable lease		8.67 years
Courseware		3-5 years
Copyright		5 years
Distribution channel		5 years

Share-Based Compensation - Additional Information (Detail) $ / shares in Units, $ in Thousands							1 Months Ended	3 Months Ended	4 Months Ended	12 Months Ended
	May 31, 2024 USD ($)	Nov. 28, 2023 shares	Apr. 11, 2023 shares	Jan. 29, 2020 USD ($) $ / shares shares	Jul. 13, 2018 shares	Jan. 31, 2016 shares	Jan. 31, 2024 $ / shares	May 31, 2019 USD ($) $ / shares shares	May 31, 2020 $ / shares	May 31, 2024 USD ($) $ / shares shares	May 31, 2023 USD ($) shares	May 31, 2022 USD ($) $ / shares shares	Jul. 31, 2018 Grantees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value, Granted \| $ / shares							$ 0			$ 5.99		$ 2.6
Total fair value of shares vested										$ 79,775	$ 65,142	$ 50,821
Share-based compensation expense										$ 122,458	89,788	132,968
Treasury shares for future issuance \| shares										12,191,640
Non-Vested Equity Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to NES	$ 20,120									$ 20,120
Weighted-average period of recognition										10 months 6 days
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to NES	$ 937									$ 937
Weighted-average period of recognition	4 months 24 days
Parent Company [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense										$ 50,672	$ 69,547	$ 118,487
2016 Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares authorized (including options) granted to employees and directors \| shares						100,000,000
2016 Share Incentive Plan [Member] \| Non-Vested Equity Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share options, Granted \| shares						75,337,338				3,656,040	20,759,130	0
Number of share options, Forfeited \| shares										266,411	1,324,092	1,536,112
Koolearn pre ipo share option scheme [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted \| shares								47,836,985
Exercise period								6 years
Value of options exercised										$ 36	$ 38,465	$ 2,514
Share-based compensation expense										0	0	1,298
Option per share \| $ / shares								$ 0.53
Percentage of maximum limit on shares Options granted					5.23%
Exercise price \| $ / shares								$ 1.13
Fair value of share options granted								$ 21,613
Overall limit on the number of shares which may be issued \| shares					47,836,985
Number of Grantee \| Grantees													144
Koolearn post ipo share option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise period				10 years
Value of options exercised										10,767	25,063	0
Option per share \| $ / shares									$ 0.32
Exercise price \| $ / shares				$ 0.67
Overall limit on the number of shares which may be issued \| shares				24,986,000
Recognised total expenses										13,183	10,897	$ 4,287
Koolearn post ipo share option two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation by share based arrangement options granted during the period aggregate fair value				$ 7,995
East Buy 2023 Scheme [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted \| shares			30,459,000
Share-based compensation expense										$ 67,499	$ 9,344
Exercise price \| $ / shares										$ 3.88
Vesting period			3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period			3 years
East Buy 2023 Scheme [Member] \| Non-Vested Equity Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to NES	$ 33,790									$ 33,790
Weighted-average period of recognition										1 year 4 months 24 days
Vesting period		3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares		30,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period		3 years

Long Term Investments, Net - Schedule of Long Term Investments, Net (Parenthetical) (Detail) - USD ($) $ in Thousands		1 Months Ended		12 Months Ended
	May 31, 2024	Jan. 31, 2024	May 31, 2019	May 31, 2024	May 31, 2023	May 31, 2022	Sep. 30, 2020	Aug. 31, 2020	Aug. 31, 2019	Jun. 30, 2019	Jul. 31, 2018	Mar. 31, 2018	Apr. 30, 2017	Nov. 30, 2015	May 31, 2015	Apr. 30, 2015
Schedule of Equity Method Investments [Line Items]
Loss from equity method investments				$ (58,933)	$ (7,102)	$ (51,466)
Payments made to acquire long term investments				77,892	13,597	82,082
Gain On Sale Of Equity Investments				$ 185	767	22,004
Investment ownership interest			7.20%
Investee Companies [Member]
Schedule of Equity Method Investments [Line Items]
Investment ownership interest	20.00%			20.00%
Equity Method Investments [Member] \| Thaiwoo Enterprise Management Co., Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Investment ownership interest		35.00%
Payments made to acquire long term investments		$ 55,574
New Oriental Education Industry Fund [Member]
Schedule of Equity Method Investments [Line Items]
Committed to invest	$ 44,272			$ 44,272
Investment ownership interest											36.30%
Minimum [Member] \| Investee Companies [Member]
Schedule of Equity Method Investments [Line Items]
Investment ownership interest	20.00%			20.00%
Maximum [Member] \| Investee Companies [Member]
Schedule of Equity Method Investments [Line Items]
Investment ownership interest	50.00%			50.00%
Other Long-term Investments [Member]
Schedule of Equity Method Investments [Line Items]
Loss from equity method investments				$ 4,358	0	24,354
Gain On Sale Of Equity Investments				0	0	18,068
Impairment loss on other available for sale investments				11,693	2,901	46,442
Other Long-term Investments [Member] \| Equity Method Investments [Member]
Schedule of Equity Method Investments [Line Items]
Loss from equity method investments				$ 0	3,892	48,417
Mobvoi Inc. ("Mobvoi") [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage other than equity method investment							2.30%
Equity securities with readilty determinable fair value unrealized gain loss	$ 12,760
Third Party Companies [Member] \| Minimum [Member] \| Investee Companies [Member]
Schedule of Equity Method Investments [Line Items]
Investment ownership interest	6.90%			6.90%
Third Party Companies [Member] \| Maximum [Member] \| Investee Companies [Member]
Schedule of Equity Method Investments [Line Items]
Investment ownership interest	40.00%			40.00%
Golden Finance [Member]
Schedule of Equity Method Investments [Line Items]
Proceeds From Sale Of Equity Method Invstments			$ 33,156
Investment ownership interest														9.80%		9.80%
Uhozz [Member]
Schedule of Equity Method Investments [Line Items]
Investment ownership interest												15.20%
Uhozz [Member] \| Investee Companies [Member]
Schedule of Equity Method Investments [Line Items]
Investment ownership interest															10.00%
Sunlands [Member]
Schedule of Equity Method Investments [Line Items]
(Loss)/gain Arising From Change In Fair Value Of Investments				$ 4,503	(1,883)	(10,467)
EEO Education Tech [Member]
Schedule of Equity Method Investments [Line Items]
Loss from equity method investments				0	0	0
Investment ownership interest													10.00%
VM EDU Fund I L P [Member]
Schedule of Equity Method Investments [Line Items]
Investment ownership interest										49.70%
VM EDU Fund I L P [Member] \| Equity Method Investments [Member]
Schedule of Equity Method Investments [Line Items]
Payments made to acquire long term investments				51,383
Happy Seed Cayman Ltd [Member]
Schedule of Equity Method Investments [Line Items]
Investment ownership interest							1.60%		6.40%
GNet Cloud Service [Member]
Schedule of Equity Method Investments [Line Items]
Loss from equity method investments				$ 13,956	$ 0	$ 0
Investment ownership interest								3.00%

Long-Term Investments, Net (Tables)

12 Months Ended

May 31, 2024

Schedule of Investments [Abstract]

Long-Term Investments

Long-term investments, net, consisted of the following:


	As of May 31,
	2023		2024
	US$		US$
Equity securities with readily determinable fair value:
Mobvoi Inc. (“Mobvoi”) (a)		—		15,840
Sunlands Online Education Group (“Sunlands”) (b)		3,588		8,091
Other investments		2,703		1,096

Subtotal		6,291		25,027

Equity securities without readily determinable fair value:
G-Net Cloud Service Co., Ltd. (“G-Net”) (c)		14,065		—
EEO Education Technology Co., Ltd. (“EEO”) (d)		9,312		9,312
Other investments (e)		14,758		14,347

Subtotal		38,135		23,659

Equity method investments:
VM EDU Fund I, L.P.(f)		66,331		51,383
New Oriental Education and Culture Industry Fund (Zhangjiagang) Partnership (Limited Partnership) (“Education Industry Fund”) (g)		76,369		44,272
Thaiwoo Enterprise Management Co., Ltd (“Thaiwoo Management”) (h)		—		41,761
Other investments (i)		52,871		33,933

Subtotal		195,571		171,349

Available-for-sale investments:
Shanghai Golden Education & Training Co., Ltd. (“Golden Finance”) (j)		76,115		52,130
Happy_seed (Cayman) Ltd. (“Happy Seed”) (k)		20,183		20,183
Tianjin Uhozz Internet Technology Co., Ltd. (“Uhozz”) (l)		17,890		17,890
Other available-for-sale investments (m)		45,400		45,574

Subtotal		159,588		135,777

		399,585		355,812

(a)

In September 2020, the Group invested 2.3

% equity interests in Mobvoi, a company engaged in providing AI-generated content solutions, AI enterprise solutions, smart devices and accessories with generative AI and voice interaction technologies. The Group accounted for the investment as equity securities without readily determinable fair value as Mobvoi is a private company without readily determinable fair value. On April 24, 2024, Mobvoi completed Initial Public Offering (“IPO”) on the Stock Exchange of Hong Kong Limited, and the Group started to account for the investment as equity securities with readily determinable fair value. For the year ended May 31, 2024, the fair value change related to the investment in Mobvoi Inc. was US$

12,760.

(b)	For the years ended May 31, 2022, 2023 and 2024, with the fluctuation of stock price of Sunlands, losses of US$ 10,467, US$1,883 and gain of US$ 4,503 were recorded in (Loss)/gain from fair value change of investments on the Group’s consolidated statements of operations, respectively.

(c)

In August 2020, the Group acquired 3% equity interests in

G-Net,

a company engaged in the business of audio and web conferencing services. The Group accounted for the investment as equity securities without readily determinable fair value as

G-Net

is a private company without readily determinable fair value. For the years ended May 31, 2022, 2023 and 2024, nil, nil and US$13,956 impairment loss was recorded from this investment.

(d)

In April 2017, the Group acquired 10% equity interests in EEO, a company engaged in the business of developing

on-line

classroom product. The Group accounted for the investment as equity securities without readily determinable fair value as EEO is a private company without readily determinable fair value. For the years ended May 31, 2022, 2023 and 2024, no impairment loss was recorded from this investment.

(e)

The Group holds several insignificant investments in third-party private companies and has no ability to exercise significant influence over the investees. Those investments were accounted for using the measurement alternative when there is no readily determinable fair value for the investments. The Group recorded US$24,354, nil and US$4,358 impairment loss on these investments for the years ended May 31, 2022, 2023 and 2024, respectively.

(f)

In June 2019, VM EDU Fund I, LP., a market-driven investment entity, was established. The Group participates in VM EDU Fund I, LP. as a limited partner and invested US$

51,383

in VM EDU Fund I, LP. as of May 31, 2024. The Group accounts for the investment under the equity method in accordance with ASC 323, because the Group is a limited partner and owns

49.7% interest in VM EDU Fund I, LP.

(g)

In July 2018, Education Industry Fund was established. There are two general partners in the fund, which include an entity invested by Mr. Yu and an unrelated third party. The Group participates in Education Industry Fund as a limited partner and invested US$

44,272

in Education Industry Fund as of May 31, 2024. The Group accounts for the investment under the equity method in accordance with ASC 323, because the Group is a limited partner and owns

36.3% interest in Education Industry Fund.

(h)

In January 2024, the Group invested in Thaiwoo Management, a company engaged in the business of real estate and ski resort operation, with a consideration of US$55,574. The Group accounts for the investment under the equity method in accordance with ASC 323 because the Group has significant influence and owns 35.0% interest in Thaiwoo Management.

(i)

The Group holds from 6.9% to 40.0% equity interests in other

third-party companies through investments in their common shares or

in-substance

common shares as of May 31, 2024. The Group accounts for these investments under the equity method because the Group has the ability to exercise significant influence but does not have control over the investees. For the years ended May 31, 2022, 2023 and 2024, the Group recorded impairment loss of US$48,417, US$3,892 and nil, respectively.

(j)

In April 2015, the Group invested 9.8% equity interests in Golden Finance, a company engaged in training program business associated with finance and business management. In November 2015, the Group further subscribed 9.8% equity interests. In May 2019, the Group disposed of 7.2% equity interests for a total consideration of US$33,156. The Group accounts for the investment as

available-for-sale

investments since the investee’s preferred shares held are redeemable and determined to be debt securities and measured at fair value.

(k)

In August 2019, the Group invested 6.4% equity interests in Happy Seed, a company engaged in cultivating logical thinking skill. In September 2020, the Group further subscribed additional 1.6% equity interests. The Group accounts for the investment as

available-for-sale

investments since the investee’s preferred shares held are redeemable and determined to be debt securities and measured at fair value.

(l)

In May 2015, the Group invested in Uhozz, a company providing oversea rental agency services, for a 10.0% equity interests with redemption and liquidation preferences. In March 2018, the Group further subscribed to 15.2

% series B preferred shares. The Group accounted for the investment as available-for-sale investments since the investee’s preferred shares held are redeemable and determined to be debt securities and measured at fair value.

(m)

Other

available-for-sale

investments represent several insignificant individual investments classified as

available-for-sale

investments as of May 31, 2022, 2023 and 2024. Realized gains of US$18,068, nil and nil were recorded in realized gain from long-term investments for the years ended May 31, 2022, 2023 and 2024, respectively. The Group recorded US$46,442, US$2,901 and US$11,693 impairment loss on these investments for the years ended May 31, 2022, 2023 and 2024, respectively.

Commitments and Contingencies - Future Minimum Capital Commitments under Non-Cancelable Construction and Investments (Detail) $ in Thousands	May 31, 2024 USD ($)
Capital Lease Obligations [Line Items]
Capital commitment	$ 25,201
Purchase of Property and Equipment [Member]
Capital Lease Obligations [Line Items]
Capital commitment	2,488
Leasehold Improvements [Member]
Capital Lease Obligations [Line Items]
Capital commitment	$ 22,713

Land Use Rights, Net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Land Use Rights [Line Items]
Amortization expenses of land use rights	$ 81	$ 84	$ 205
Future amortization expense next twelve months	5,725
Future amortization expense year two	5,696
Future amortization expense year three	5,614
Future amortization expense year four	1,360
Future amortization expense year five	22
Future amortization expense thereafter	29
Land use rights [Member]
Land Use Rights [Line Items]
Amortization expenses of land use rights	81	$ 84	$ 205
Future amortization expense next twelve months	81
Future amortization expense year two	81
Future amortization expense year three	81
Future amortization expense year four	81
Future amortization expense year five	81
Future amortization expense thereafter	$ 2,777

Consolidated Statements of Changes in Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Unrealized gain/(loss) on available-for-sale investments, tax effect	$ 6,191	$ 513	$ 1,316
Accumulated Other Comprehensive Income (Loss) [Member]
Unrealized gain/(loss) on available-for-sale investments, tax effect	6,191	513	1,316
Total New Oriental Education & Technology Group Inc. Shareholders' Equity [Member]
Unrealized gain/(loss) on available-for-sale investments, tax effect	6,191	513	1,316
Non-controlling Interests [Member]
Unrealized gain/(loss) on available-for-sale investments, tax effect	$ 6,191	$ 513	$ 1,316

Income Taxes (Tables)

12 Months Ended

May 31, 2024

Income Tax Disclosure [Abstract]

Components of Provision for Income Taxes

Significant components of provision for income taxes for the years ended May 31, 2022, 2023 and 2024 were as follows:


	For the years ended May 31,
	2022		2023			2024
	US$		US$			US$
Current:
PRC		44,378		97,594			130,927

Deferred:
PRC		91,934		(31,528	)		(21,237	)

Total provision for income taxes		136,312		66,066			109,690

Components of Group's Deferred Tax Assets and Liabilities

Significant components of the Group’s deferred tax assets and liabilities were as follows:


	As of May 31,
	2023			2024
	US$			US$
Deferred tax assets
Allowance for doubtful accounts		37,424			26,435
Accrued expenses		56,716			79,053
Net operating loss carry-forward		324,355			257,637
Tax impact from the long-term investments disposed to a related party		1,521			—

Total deferred tax assets		420,016			363,125

Less: valuation allowance		(364,083	)		(290,398	)

Total deferred tax assets, net		55,933			72,727

Deferred tax liabilities
Acquired assets		4,523			3,462
Tax impact from the unrealized gain on long-term investments		19,326			15,945

Total deferred tax liabilities		23,849			19,407

Reconciliation of Effective Tax Rates from 25% Statutory Tax Rates

A reconciliation of the provision for income taxes computed by applying the EIT rates of 25% for the years ended May 31, 2022, 2023 and 2024 to (loss)/income before provision for income tax and the actual provision for income tax is as follows:


	For the years ended May 31,
	2022			2023			2024
	US$			US$			US$
(Loss)/income before income taxes		(1,032,498	)		308,531			493,841
PRC statutory income tax rate		25	%		25	%		25	%
Income tax at statutory income tax rate		(258,125	)		77,133			123,460
Effect of non-deductible expenses and loss and super deduction expenses		106,903			40,577			68,741
Effect of income tax exemptions and preferential tax rates		(19,570	)		(12,927	)		(24,810	)
Effect of income tax rate difference in other jurisdictions		(424	)		(5,184	)		(9,086	)
Changes in valuation allowance		307,528			(33,533	)		(48,615	)

Provision for income taxes		136,312			66,066			109,690

Property and Equipment, Net

12 Months Ended

May 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

6.	PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consisted of the following:


	As of May 31,
	2023			2024
	US$			US$
Buildings		156,017			270,968
Transportation equipment		6,366			6,064
Furniture and education equipment		118,936			142,622
Computer equipment and software		129,119			167,515
Leasehold improvements		293,236			347,415
Construction in progress		48,216			24,285

		751,890			958,869

Less: accumulated depreciation		(401,687	)		(467,678	)
Less: accumulated impairment loss		(14	)		—
Exchange differences		9,571			16,790

		359,760			507,981

Depreciation expenses for the years ended May 31, 2022, 2023 and 2024 were US$192,291, US$117,036 and US$100,646, respectively.

Consolidated Statements of Operations - USD ($)
$ in Thousands

12 Months Ended

May 31, 2024

May 31, 2023

May 31, 2022

Net revenues

Net revenues

$ 4,313,586

$ 2,997,760

$ 3,105,246

Operating cost and expenses

Cost of revenues

(2,050,960)

(1,409,438)

(1,754,291)

Selling and marketing

(660,586)

(444,693)

(466,895)

General and administrative

(1,251,615)

(953,583)

(1,866,573)

Total operating cost and expenses

(3,963,161)

(2,807,714)

(4,087,759)

Operating (loss)/income

350,425

190,046

(982,513)

Other income/(expense)

Interest income

153,589

114,453

123,542

Interest expense

(298)

(707)

(4,050)

Realized gain from long-term investments

185

767

22,004

Impairment loss from long-term investments

(30,007)

(8,056)

(129,350)

(Loss)/gain from fair value change of investments

19,025

(860)

(14,933)

Loss on deconsolidation of subsidiaries

(79,609)

Miscellaneous income, net

922

12,888

32,411

(Loss)/income before income taxes and loss from equity method investments

493,841

308,531

(1,032,498)

Provision for income taxes:

Current

(130,927)

(97,594)

(44,378)

Deferred

21,237

31,528

(91,934)

Provision for income taxes

(109,690)

(66,066)

(136,312)

Loss from equity method investments

(58,933)

(7,102)

(51,466)

Net (loss)/income

325,218

235,363

(1,220,276)

Less: Net (loss)/income attributable to non-controlling interests

15,627

58,022

(32,555)

Net (loss)/income attributable to New Oriental Education & Technology Group Inc.'s shareholders

$ 309,591

$ 177,341

$ (1,187,721)

Net (loss)/income per common share (Note 18)

- Basic

$ 0.19

$ 0.11

$ (0.7)

- Diluted

^[1]

$ 0.18

$ 0.1

$ (0.7)

Weighted average shares used in calculating basic and diluted net (loss)/income per common share

- Basic

1,653,597,432

1,678,264,547

1,696,419,232

- Diluted

1,669,499,952

1,685,631,987

1,696,419,232

Net service revenues [Member]

Net revenues

Net revenues

$ 3,500,998

$ 2,544,729

$ 3,050,022

Net product revenues [Member]

Net revenues

Net revenues

$ 812,588

$ 453,031

$ 55,224

[1]

For the year ended May 31, 2024, the computation of diluted net income/(loss) per common share does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect (i.e. an increase in income per common share amounts or a decrease in loss per common share amounts) on net income/(loss) attributable to New Oriental Education & Technology Group Inc.’s shareholders - diluted.

Statutory Reserves

12 Months Ended

May 31, 2024

Text Block [Abstract]

Statutory Reserves

23.	STATUTORY RESERVES

Prior to payment of dividends, pursuant to the laws applicable to the PRC’s Foreign Investment Enterprises, the Company’s subsidiaries and the VIEs in the PRC must make appropriations from

after-tax

profit to

non-distributable

reserve funds as determined by the board of directors of each company. These reserves include (i) general reserve and (ii) the development fund.

Subject to certain cumulative limits, the general reserve requires annual appropriations of 10% of

after-tax

profits as determined under the PRC laws and regulations at each

year-end

until the balance reaches 50% of the PRC entity registered capital; the other reserve appropriations are at the Company’s discretion. These reserves can only be used for specific purposes of enterprise expansion and are not distributable as cash dividends. For the years ended May 31, 2022, 2023 and 2024, US$2,828, US$3,620 and US$4,162 were accrued for the general reserve, respectively.

The PRC laws and regulations require private schools that require reasonable returns to make annual appropriations of 25% of

after-tax

income prior to payments of dividend to its development fund, which is to be used for the construction or maintenance of the school or procurement or upgrading of educational equipment, while in the case of a private school that does not require reasonable return, this amount should be equivalent to no less than

of the annual increase of net assets of the school as determined in accordance with generally accepted accounting principles in the PRC. In the case of a for-profit private school, this amount shall be no less than 10% of the audited annual net income of the school, while in the case of a non-profit private school, this amount shall be equal to no less than 10% of the audited annual increase in the unrestricted net assets of the school, if any. For the years ended May 31, 2022, 2023 and 2024, the Company reversed

US$2,512, made US$13,222 and made US$16,929 to the development fund, respectively.

These reserves are included as statutory reserves in the consolidated statements of changes in equity. The Group allocated US$316, US$16,842 and US$21,091 to statutory reserves for the years ended May 31, 2022, 2023 and 2024, respectively.

Significant Accounting Policies

12 Months Ended

May 31, 2024

Accounting Policies [Abstract]

Significant Accounting Policies

2.	SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The consolidated financial statements of the Group have been prepared in accordance with the accounting principles generally accepted in the United States of America (“US GAAP”).

Basis of consolidation

The consolidated financial statements include the financial statements of the Company, its subsidiaries, the consolidated VIEs and the VIEs’ subsidiaries and schools. The Company and its WFOEs have entered into contractual arrangements with the VIEs and its shareholders, which enable the Company to (1) have power to direct activities that most significantly affect the economic performance of the VIEs, and (2) receive the economic benefits of the VIEs that could be significant to the VIEs. Accordingly, the Company is considered the primary beneficiary of the VIEs and has consolidated the VIEs’ financial results of operations, assets and liabilities in the Company’s consolidated financial statements. The consolidated financial statements include the financial statements of the Company, its subsidiaries, which are accounted for under the voting interest model, and the consolidated VIEs, VIEs’ subsidiaries and schools consolidated under the variable interest entity consolidation model. All inter-company transactions and balances have been eliminated upon consolidation. See “Note 1 Organization and Principal

Activities-The

VIE Arrangements”.

Use of estimates

The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, related disclosures of contingent liabilities at the balance sheet date, and revenues and expenses in the consolidated financial statements and accompanying notes. Significant accounting estimates reflected in the Group’s consolidated financial statements include the valuation allowance for deferred tax assets, economic lives and impairment of property and equipment, impairment of goodwill, intangible assets, long-lived assets and long-term investments, fair value assessment of long-term investments, refund liability, discount rate for leases and the consolidation of the VIEs. Actual results could differ from those estimates.

Business combinations

Business combinations are recorded using the acquisition method of accounting. The purchase price of the acquisition is allocated to the tangible assets, liabilities, identifiable intangible assets acquired and

non-controlling

interest, if any, based on their estimated fair values as of the acquisition date. The excess of the purchase price over those fair values is recorded as goodwill. Acquisition-related expenses are expensed as incurred.

Consideration transferred in a business combinations is measured at the fair value as of the date of acquisition. Where the consideration in an acquisition includes contingent consideration, and the payment of which depends on the achievement of certain specified conditions post- acquisition, the contingent consideration is recognized and measured at its fair value at the acquisition date and is recorded as a liability. It is subsequently carried at fair value with changes in fair value reflected in earnings.

In a business combination achieved in stages, the Group remeasures the previously held equity interest in the acquiree immediately before obtaining control at its acquisition-date fair value and the remeasurement gain or loss, if any, is recognized in the consolidated statements of operations.

Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and highly liquid investments which are unrestricted as to withdrawal or use, and which have original maturities of three months or less when purchased.

Restricted cash

Restricted cash represents Renminbi (“RMB”) deposit in bank accounts as deposits required by the PRC government authorities related to educational programs and services and establishment of new subsidiaries. Restricted cash is classified as either current or

non-current

based on when the funds will be released in accordance with the terms of the respective agreement.

Term deposits

Term deposits consist of deposits placed with financial institutions with original maturities of greater than three months. Term deposit is classified as either current if the maturities are within one year, or as

non-current

if the maturities are over one year.

Short-term investments

The Group’s short-term investments include wealth management products with variable interest rates where principal is unsecured and maturities range from one month to less than one year and trading securities. Starting from June 1, 2022, the Group elects the fair value option to record wealth management products in accordance with ASC 825 Financial Instruments. Changes in the fair value are reflected in the are reflected in the consolidated statements of operations. The Group’s trading securities are comprised of money market funds that are acquired and held principally for the purpose of selling them in the near term. The fair value change gains or losses are recorded in the consolidated statements of operations.

Allowance for doubtful accounts

Accounts receivable represents amounts due from corporate customers of the Group’s various subsidiaries and schools. The allowance for doubtful accounts is the Group’s best estimates of the amount of probable credit losses in the Group’s existing accounts receivable balance. The Group provides allowance for doubtful accounts based on historical credit loss experience and a review of the current status and reasonable and supportable forecasts of future events and economic conditions. Accounts receivable and other receivables are presented net of allowance for doubtful accounts.

Inventory, net

Inventory, consisting of publications and private label products, are stated at the lower of cost and net realizable value. Cost of inventory is determined using the weighted average cost method.

Property and equipment, net

Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are calculated on a straight line basis over the following estimated useful lives:


Buildings		20-50 years
Transportation equipment		10 years
Furniture and education equipment		5 years
Computer equipment and software		3 years
Leasehold improvements		Shorter of the lease term or estimated useful life

Property and equipment also consist of construction in progress as the Group constructs certain of its property and equipment. Construction in progress represents the costs incurred in connection with the construction of property and equipment. Costs classified as construction in progress include all costs of obtaining the asset and bringing it to the location and in the condition necessary for its intended use. Construction in progress is transferred to specific property and equipment and depreciation of these assets commences when the assets are ready for their intended u

se.

Land use rights, net

Land use rights with useful lives are recorded at cost less accumulated amortization and amortized on a straight-line basis over the remaining term of the land certificates, from

38.5 years to 50 years.

Intangible assets, net

Intangible assets with an indefinite life are not amortized and are tested for impairment annually or more frequently if events or changes in circumstances indicate that they might be impaired.

Intangible assets with finite lives are initially recorded at cost and amortized on a straight-line basis over the estimated economic useful lives of the respective assets. Acquired intangible assets from business combination are recognized and measured at fair value at the time of acquisition. Those assets represent assets with finite lives and are further amortized on a straight-line basis over the estimated economic useful lives of the respective assets.

The estimated useful lives of intangible assets are as follows:


Trademark		5-10 years
License		20 years
Student base		1.75 years
Favorable lease		8.67 years
Courseware		3-5 years
Copyright		5 years
Distribution channel		5 years

Impairment of long-lived assets

The Group reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. When these events occur, the Group measures impairment by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Group would recognize an impairment loss calculated as an amount by which the carrying value of the cost exceed its fair value.

Goodwill, net

Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations. The Group’s goodwill as of May 31, 2023 and 2024 relates to its acquisitions of certain companies and schools.

Goodwill is not amortized but tested for impairment at the reporting unit level on an annual basis (May 31 for the Group) and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the stock prices, business climate, legal and regulatory factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit.

The Group first assess qualitative factors to determine whether it is “more likely than not” that the fair value of a reporting unit is less than its carrying amount. If as a result of the qualitative assessment, it is more likely than not that the fair value of the reporting unit is less than its carrying amount, the quantitative impairment test is mandatory. Otherwise, no further testing is required. The quantitative impairment test consists of a comparison of the fair value of each reporting unit with its carrying amount, including goodwill. If the carrying amount of each reporting unit exceeds its fair value, an impairment loss equal to the difference between the fair value of the reporting unit and its carrying amount will be recorded.

Long-term investments, net

The Group’s long-term investments include equity securities without readily determinable fair values, equity securities with readily determinable fair values, equity method investments and

available-for-sale

investments.

(a)

Equity securities

•

Equity securities with readily determinable fair values

Equity securities with readily determinable fair values are measured at fair value and any changes in fair value are recognized in the consolidated statements of operations.

•

Equity securities without readily determinable fair values

The Group elects measurement alternative to the fair value measurement for the equity securities without readily determinable fair values, under which these investments are measured at cost, less impairment, plus or minus observable price changes of an identical or similar investment of the same issuer with the fair value change recorded in the consolidated statements of operations.

The Group reviews its equity securities without readily determinable fair value for impairment at each reporting period. If a qualitative assessment indicates that the investment is impaired, the Group estimates the investment’s fair value in accordance with the principles of ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”). If the fair value is less than the investment’s carrying value, the Group recognizes an impairment loss equal to the difference between the carrying value and the fair value in the consolidated statements of operatio

ns.

(b)

Equity method investments

Investee companies over which the Group has the ability to exercise significant influence, but does not have a controlling interest through investment in common shares or

in-substance

common shares, are accounted for using the equity method. Significant influence is generally considered to exist when the Group has an ownership interest in the voting stock of the investee between 20% and 50%. Other factors, such as representation on the investee’s board of directors, voting rights and the impact of commercial arrangements, are also considered in determining whether the equity method of accounting is appropriate. For certain investments in limited partnerships, where the Group holds less than a 20% equity or voting interest, the Group may also have significant influence.

Under the equity method, the Group initially records its investment at cost and subsequently recognizes the Group’s proportionate share of each equity investee’s net income or loss after the date of investment into the consolidated statements of operations and accordingly adjusts the carrying amount of the investment.

The Group reviews its equity method investments for impairment whenever an event or circumstance indicates that an other-than-temporary impairment has occurred. The Group considers available quantitative and qualitative evidence in evaluating potential impairment of its equity method investments. An impairment charge is recorded when the carrying amount of the investment exceeds its fair value and this condition is determined to be other-than-temporary.

(c)

Available-for-sale

investments

For investments in investee’s shares which are determined to be debt securities, the Group accounts for them as

available-for-sale

investments when they are not classified as either trading or

held-to-maturity

investments.

Available-for-sale

investments are reported at fair value, with unrealized gains and losses, net of taxes recorded in accumulated other comprehensive income or loss. Realized gains or losses on the sales of these securities are recognized in the consolidated statements of operations.

The Group evaluates each individual investment periodically for impairment. For investments where the Group does not intend to sell, the Group evaluates whether a decline in fair value is due to deterioration in credit risk. Credit-related impairment losses, not to exceed the amount that fair value is less than the amortized cost basis, are recognized through an allowance for credit losses on the consolidated balance sheet with corresponding adjustment in the consolidated statements of operations and comprehensive income or loss. Subsequent increases in fair value due to credit improvement are recognized through reversal of the credit losses and corresponding reduction in the allowance for credit losses. Any decline in fair value that is

non-credit

related is recorded in accumulated other comprehensive income as a component of shareholders’ equity.

Unsecured senior notes

Unsecured senior notes are recognized initially at fair value, net of debt discounts or premiums and debt issuance costs. Debt discounts or premiums and debt issuance costs are recorded as a reduction of the principal amount and the related accretion is recorded as interest expense in the consolidated statements of operations over the maturities of the notes using the effective interest method.

Non-controlling

interests

The Group’s consolidated financial statements include entities in which the Company has a controlling financial interest. Earnings or losses attributable to

non-controlling

interest shareholders of its subsidiaries and VIEs are classified separately as

“non-controlling

interests” in the Company’s consolidated statements of operations.

For the year ended May 31, 2024, the Company

cumulatively

purchased 32,425,000 ordinary shares of East Buy with

amount of US$84,465 in aggregate, at an average purchase price of HK$20.38 per share (equivalent to US$2.61), representing approximately 3.1% of total shares of East Buy. As East Buy is a subsidiary of the Company, the purchase changed the Company’s ownership interest while retained its controlling financial interest in East Buy. The Company accounted for the purchase activity as equity transactions of investments, therefore, no gain or loss were recognized in the Company’s consolidated statements of operations. Any difference between the fair value of the consideration paid and the amount by which the noncontrolling interest is adjusted were recognized in equity attributable to the Company and recorded in additional paid-in capital.

Value added tax (“VAT”)

Pursuant to the PRC tax laws, in case of any product sales, generally the VAT rate is 3% of the gross sales for small scale VAT payer and 13% of the gross sales for general VAT payer. Most of the subsidiaries of the Company are considered as general VAT payers for the sales of products, guidance materials and the intercompany sales of self-developed software. For general VAT payer, VAT on sales is calculated at 13% on revenues from product sales and paid after deducting input VAT on purchases. The net VAT balance between input VAT and output VAT is recorded as accrued expenses in the Group’s consolidated financial statements.

The new enrollment system development services and other operating services are subject to VAT at the rate of 6% of revenues. The

non-academic

educational programs and services in short-term training schools may choose the applicable simple VAT collection method and apply for a 3% VAT rate. The intercompany sales of self-developed software are subject to VAT at the rate of 13% and the part in excess of the rate of 3% the Group can apply for refund upon collection by relevant tax authorities. The intercompany services related to self-developed software are subject to VAT at the rate of 6%. The sales of books are subject to VAT at the rate of 9

In accordance with Cai Shui [2020] No. 8, due to the Novel coronavirus

(“COVID-19”)

pandemic, the VAT on certain services was temporarily exempted from January 2020 to March 2022. As a result, the Group’s educational services were not subject to any VAT from January 1, 2020 to March 31, 2022. The VAT exemption was accounted for in a similar manner as government subsidies.

Revenue recognition

Revenues are recognized when control of promised goods or services is transferred to the Group’s customers in an amount of consideration to which the Group expects to be entitled to in exchange for those goods or services. The Group follows the five steps approach for revenue recognition under Topic 606: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the Group satisfies a performance obligation.

As the Group’s private label products sales increased significantly, the Group changed its presentation of revenues in the consolidated statement of operations to separately disclose service revenues and product revenues, and retrospectively applied the presentation change for all periods presented.

The primary sources of the Group’s revenues are as follows:

(a)

Net service revenues

The Group provides educational services and test preparation courses, online education and other services. Each contract of educational programs and services is accounted for as a single performance obligation which is satisfied proportionately over the service period. Tuition fee is generally collected in advance and is initially recorded as deferred revenue. Refunds are provided to students if they decide within the trial period that they no longer want to take the course. After the trial period, if a student withdraws from a class, usually only those unearned portion of the fee is available to be returned. Historically, the Group has not had material refunds.

The Group provides consulting services to students regarding overseas studies. Revenues are recognized when promised services are delivered to the Group’s customers in an amount of consideration to which the Group expects to be entitled to in exchange for those services. Each contract includes certain milestones and each of the milestones is considered a single performance obligation which is satisfied at the point of time when each of the milestone is reached. The Group estimates the variable consideration to be earned and recognizes revenues related to each milestone when the related milestone is achieved.

When the Group, as a promoter, provides promotion services about the specified goods for the merchants in the form of livestream on the

e-commerce

platforms, the Group serves as an agent. The Group earns commissions on the sales of the specified goods transacted through the

e-commence

platform at the agreed commission rates. Commission revenue of livestreaming

e-commerce

is recognized at a point in time upon the customers purchase merchants’ products through the

e-commence

platforms.

For the year ended May 31, 2024, US$2,716,174, US$190,860, US$439,744 and US$154,220 of service revenues were derived from educational services and test preparation courses, private label products and livestreaming

e-commerce,

overseas study consulting services

and other segments, respectively. For the year ended May 31, 2023, US$

1,914,865, US$178,165, US$354,764 and US$96,935

of service revenues were derived from educational services and test preparation courses, private label products and livestreaming

e-commerce,

overseas study consulting services and other segments, respectively. For the year ended May 31, 2022, US$

2,669,020, US$473, US$325,901 and US$54,628

of service revenues were derived from educational services and test preparation courses, private label products and livestreaming

e-commerce,

overseas study consulting services and other segments, respectively.

(b)

Net product revenues

The Group recognizes revenues from the sales of private label products and sales of books or other educational materials developed or licensed by the Group either through its own distribution channels or through third party distributors. Revenues are recognized when control of the promised goods is transferred to the customer, in an amount that reflects the consideration the Group expects to be entitled to in exchange for the goods.

For the year ended May 31, 2024, US$709,754 and US$102,834 of product revenues were derived from private label products and livestreaming

commerce, and other segments, respectively. For the year ended May 31, 2023, US$

379,343 and US$73,688 of product revenues were derived from private label products and livestreaming

commerce and other services, and other segments, respectively. For the year ended May 31, 2022, US$2,530 and US$52,694 of product revenues were derived from private label products and livestreaming

e-commerce

and other services, and other segments, respectively.

of May 31, 2023 and 2024,

the Group did not have any contract assets

. The Group’s contract liabilities mainly consist of prepayments from customers (deferred revenue), with a balance of US$1,337,630 and US$1,780,063 as of May 31, 2023 and 2024, respectively. Substantially all contract liabilities at the beginning of the year ended May 31, 2023 were recognized as revenues during the year ended May 31, 2024 and substantially all contract liabilities as of May 31, 2024 are expected to be realized in the following year. The difference between the opening and closing balances of the Group’s contract liabilities primarily results from the timing difference between the Group’s satisfaction of performance obligation and the customer’s payment.

Refund liability mainly related to the estimated refunds that are expected to be provided to students if they decide they no longer want to take the courses. Refund liability estimates are based on historical refund ratio on a portfolio basis using the expected value method. As of May 31, 2023 and 2024, refund liability amounted to US$138,549 and US$167,369, respectively, and are included in accrued expenses and other current liabilities.

Operating leases

The Group determines if an arrangement is a lease or contains a lease at lease inception. Operating leases are required to be recorded in the balance sheets as

right-of-use

assets and operating lease liabilities, initially measured at the present value of the lease payments. The Group has elected the package of practical expedients, which allows the Group not to reassess (1) whether any expired or existing contracts as of the adoption date are or contain a lease, (2) lease classification for any expired or existing leases as of the adoption date and (3) initial direct costs for any expired or existing leases as of the adoption date. The Group accounts for the lease and

non-lease

components separately. Lastly, the Company also has elected to utilize the short-term lease recognition exemption and, for those leases that qualified, the Group did not recognize operating lease

right-of-use

assets or operating lease liabilities.

As the rate implicit in the lease is not readily determinable, the Group estimates its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The incremental borrowing rate is estimated using a portfolio approach to approximate the interest rate on a collateralized basis with similar terms and payments in a similar economic environment. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Group will exercise that option. Lease expenses are recorded on a straight-line basis over the lease term.

Advertising costs

The Group expenses advertising costs as they are incurred. Total advertising expenses were US$43,520, US$49,365 and US$86,493 for the years ended May 31, 2022, 2023 and 2024, respectively, and have been included as part of selling and marketing expenses.

Government subsidies

The government subsidies provided by the local government mainly included funding to support the growth of the Group. The Group recognizes government subsidies as miscellaneous income when they are received because they are not subject to any past or future conditions, there are no performance conditions or conditions of use, and they are not subject to future return. Government subsidies received and recognized as miscellaneous income totaled US$9,170, US$16,010 and US$15,000 for the years ended May 31, 2022, 2023 and 2024, respectively.

Foreign currency translation

The Company’s functional and reporting currency is the United States dollars (“US dollars”). The financial records of the Company’s subsidiaries, the VIEs, the VIEs’ subsidiaries and schools located in the PRC are maintained in Renminbi (“RMB”), which is the functional currency of these entities. The financial records of the Company’s subsidiaries located in Hong Kong are maintained in US dollars, which is the functional currency of these entities. The financial records of the Company’s subsidiaries located overseas are maintained in their local currencies.

Monetary assets and liabilities denominated in currencies other than the applicable functional currencies are translated into the functional currencies at the prevailing rates of exchange at the balance sheet date. Nonmonetary assets and liabilities are remeasured into the applicable functional currencies at historical exchange rates. Transactions in currencies other than the applicable functional currencies during the year are converted into the functional currencies at the applicable rates of exchange prevailing at the transaction dates. Transaction gains and losses are recognized in the consolidated statements of operations.

For translating to the functional currency of the Company, assets and liabilities are translated into the reporting currency at the rates of exchange ruling at the balance sheet date. Equity accounts are translated at historical exchange rates. Revenues, expenses, gain and loss are translated using the average rate of exchange in effect during the reporting period. Translation adjustments are reported and shown as a separate component of other comprehensive income in the consolidated statements of changes in equity and the consolidated statements of comprehensive income/ (loss).

Foreign

currency

risk

RMB is not a freely convertible currency. The State Administration for Foreign Exchange, under the authority of the People’s Bank of China, controls the conversion of RMB into other currencies. The value of RMB is subject to changes in central government policies and to international economic and political developments affecting supply and demand in the China Foreign Exchange Trading System market. The Group’s cash and cash equivalents, restricted cash, and term deposits denominated in RMB amounted to US$2,012,511 and US$2,093,141 as of May 31, 2023 and 2024, respectively.

Fair value

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when valuing the asset or liability. Authoritative literature provides a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

Fair value of financial instruments

The Group’s financial instruments consist primarily of cash and cash equivalents, restricted cash, term deposit, short-term investments, accounts receivable, amounts due from/to related parties,

available-for-sale

investments, equity security with/without readily determinable fair values, accounts payable and unsecured senior notes. The Group carries its

available-for-sale

investments, equity securities with readily determinable fair values, wealth management products and trading securities at fair value and carries its equity securities without readily determinable fair values at cost, less impairment, plus or minus observable price changes in a similar transaction. The carrying amounts of other financial instruments except for unsecured senior notes approximate their fair values due to the short-term maturities of these instruments. The estimated fair value of the Group’s unsecured senior notes as of May 31, 2024 approximated US$14,403, and represented a level 2 measurement.

Net (loss)/income per share

Basic net income or loss per share is computed by dividing net income or loss attributable to the holders of common shares by the weighted average number of common shares outstanding during the year. Diluted net income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common shares were exercised into common shares. Common share equivalents are excluded from the computation of the diluted net income or loss per share in years when their effect would be anti-dilutive. The Group has share options and NES which could potentially dilute basic earnings per share in the future. To calculate the number of shares for diluted net income or loss per share, the effect of the share options and NES is computed using the treasury stock method.

Income taxes

The Group accounts for income taxes using the asset and liability approach. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax basis of assets and liabilities, net of operating loss carry forwards and credits, by applying enacted tax rates that will be in effect for the period in which the differences are expected to reverse. The effect on deferred taxes of a change in tax rates is recognized in the consolidated statements of operations in the period of change. Deferred tax assets are reduced by a valuation allowance when it is considered more likely than not that some portion or all of the deferred tax assets will not be realized.

The Group accounts for uncertain tax positions by reporting a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. Tax benefits are recognized from uncertain tax positions when the Group believes that it is more likely than not that the tax position will be sustained on examination by the tax authorities based on the technical merits of the position. The Group recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expenses.

Comprehensive (loss)/income

Comprehensive income/ (loss) includes net income/ (loss), unrealized gain/ (loss) on

available-for-sale

investments and foreign currency translation adjustment. Comprehensive income/ (loss) is reported in the consolidated statements of comprehensive income/ (loss).

Share-based compensation

Share-based payments to employees and directors are measured based on the grant-date fair value of the equity instrument issued and recognized as compensation expenses net of forfeitures as they occur using graded vesting method over the requisite service period, with a corresponding addition to the additional

paid-in

capital. The Group uses the binomial option pricing model to measure the fair value of options granted, and the quoted market price of the common shares, to measure the fair value of options and NES granted to employees at each measurement date. The binomial option pricing model is adopted because the Group believes that considering the possibility of exercise an option over the life of the option, as affected by the reality of changing stock prices and

non-constant

risk free rates, would better reflect the measurement objective of relevant accounting literature. The amount of compensation expenses recognized at any date is at least equal to the portion of the fair value of the awards that are vested as of that date. Forfeitures are recognized as they occur.

Concentration of credit risk

Financial instruments that potentially expose the Group to significant concentration of credit risk consist primarily of cash and cash equivalents, term deposits, restricted cash, short-term investments and accounts receivable. As of May 31, 2023 and 2024, substantially all of the Group’s cash and cash equivalents, term deposits, restricted cash and short-term investments were deposited with financial institutions with high-credit ratings and quality. Accounts receivable are typically unsecured and are derived from revenues earned from customers in the PRC. The Group performs periodic credit evaluations and provides an allowance for doubtful accounts to reduce the accounts receivable balance to its net realizable value. The Group did not have any customers constituting 10% or more of the consolidated net revenues and accounts receivable in the fiscal years 2023 and 2024, respectively.

Recent accounting pronouncements adopted

In October 2021, the FASB issued ASU

2021-08,

Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which the amendments in this update require that an entity (acquirer) recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. The amendments in this update address how to determine whether a contract liability is recognized by the acquirer in a business combination. The ASU is effective for the fiscal year beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted, including early adoption in an interim period, for periods for which financial statements have not yet been issued. The Company adopted this new standard beginning June 1, 2023 and concluded the adoption does not have any material impact on its consolidated financial statements.

Recently issued accounting pronouncements not yet adopted

In November 2023, the FASB issued ASU

No. 2023-07,

“Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). ASU 2023-07 intends to improve reportable segment disclosure requirements, enhance interim disclosure requirements and provide new segment disclosure requirements for entities with a single reportable segment. ASU

2023-07

is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. ASU 2023-07 is to be adopted retrospectively to all prior periods presented. The Group is currently evaluating the impact from the adoption of this ASU on its consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09 “Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 intends to improve the transparency of income tax disclosures. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024 and is to be adopted on a prospective basis with the option to apply retrospectively. The Group is currently evaluating the impact from the adoption of this ASU on its consolidated financial statements.

Prepaid Expenses and Other Current Assets, Net

12 Months Ended

May 31, 2024

Text Block [Abstract]

Prepaid Expenses and Other Current Assets, Net

5.	PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET

Prepaid expenses and other current assets, net, consisted of the following:


	As of May 31,
	2023			2024
	US$			US$
Receivable from third party payment platform		64,962			103,704
Advances to suppliers		63,473			77,184
Interest receivables		8,154			31,501
VAT recoverable		21,887			25,155
Prepaid advertising fees		10,336			20,960
Rental deposits		18,399			18,445
Staff advances (a)		5,042			10,030
Prepaid rents (b)		8,004			7,960
Deposits of advertising and decoration		555			2,650
Others		11,119			12,480

		211,931			310,069

Less: allowance for prepaid expenses and other current assets		(691	)		(605	)

		211,240			309,464

(a)	Staff advances were provided to staff for travelling and business related use and are expensed as incurred.

(b)	Prepaid rents represent the prepayment of rent related to leases less than 12 months.

Net Income/(Loss) Per Share

12 Months Ended

May 31, 2024

Earnings Per Share [Abstract]

Net Income/(Loss) Per Share

18.	NET INCOME/(LOSS) PER SHARE

The computation of basic and diluted net income/(loss) per common share for the years ended May 31, 2022, 2023 and 2024 is as follows:


	For the years ended May 31,
	2022			2023		2024
Numerator:
Net income/(loss) attributable to New Oriental Education & Technology Group Inc.’s shareholders - basic (US$ in thousands)		(1,187,721	)		177,341		309,591

Net income/(loss) attributable to New Oriental Education & Technology Group Inc.’s shareholders - diluted (US$ in thousands)		(1,187,721	)		173,732		308,443

Denominator
Weighted average common shares outstanding-basic		1,696,419,232			1,678,264,547		1,653,597,432

Plus: incremental weighted average common shares from assumed vesting of NES using the treasury stock method		—			7,367,440		15,902,520

Weighted average common shares outstanding-diluted		1,696,419,232			1,685,631,987		1,669,499,952

Net income/(loss) per common share
- Basic (US$)		(0.70	)		0.11		0.19
- Diluted (a) (US$)		(0.70	)		0.10		0.18

(a)	For the year ended May 31, 2024, the Company does not have any securities that would have an anti-dilutive effect included in the computation of diluted net income/(loss) per common share.

Fair Value Measurement - Schedule of Available-for-Sale Securities Included in Long Term Investments Measured and Recorded at Fair Value on Recurring Basis (Detail) - USD ($)
$ in Thousands

May 31, 2024

May 31, 2023

Short-term investments:

Available-for-sale investments

$ 135,777

$ 159,588

Fair Value, Measurements, Recurring [Member]

Short-term investments:

Wealth management products measured at fair value

^[1]

1,988,907

1,404,830

Trading securities

^[1]

76,672

73,013

Equity securities with readily determinable fair values

^[2]

25,027

6,291

Available-for-sale investments

^[3]

135,777

159,588

Total

2,226,383

1,643,722

Quoted Prices in Active Market for Identical Assets Level 1 [Member] | Fair Value, Measurements, Recurring [Member]

Short-term investments:

Trading securities

^[1]

76,672

73,013

Equity securities with readily determinable fair values

^[2]

25,027

6,291

Total

101,699

79,304

Significant Other Observable Inputs Level 2 [Member] | Fair Value, Measurements, Recurring [Member]

Short-term investments:

Wealth management products measured at fair value

^[1]

1,988,907

1,404,830

Available-for-sale investments

^[3]

10,000

17,890

Total

1,998,907

1,422,720

Significant Other Observable Inputs Level 3 [Member] | Fair Value, Measurements, Recurring [Member]

Short-term investments:

Available-for-sale investments

^[3]

125,777

141,698

Total

$ 125,777

$ 141,698

[1]	The short-term investments of wealth management products use alternative pricing sources, accordingly classified Level 2 measurement. The short-term investments of trading securities are valued at their daily closing price as reported by the financial institutions and are classified Level 1 measurement.
[2]	The Company measured the fair value of its investments in common shares using the market approach based on the quoted stock price of its investees in the active market and has classified it as Level 1 measurement.
[3]	As of May 31, 2024, the fair value of available-for-sale investments amounted to US$135,777, with original cost of US$89,167 and unrealized gain of US$46,610. As of May 31, 2023, the fair value of available-for-sale investments amounted to US$159,588, with original cost of US$80,000 and unrealized gain of US$79,588.

Lease

12 Months Ended

May 31, 2024

Lessee Disclosure [Abstract]

Lease

13.

LEASE

The Group has operating leases for learning centers, service centers and office spaces. Certain leases include renewal options and/or termination options, which are factored into the Group’s determination of lease payments when appropriate.

Operating lease costs for the years ended May 31, 2022, 2023 and 2024 were US$368,058, US$163,195 and US$209,327, respectively, which excluded cost of short-term leases. Short-term lease costs for the years ended May 31, 2022, 2023 and 2024 were US$2,344, US$39,057 and US$53,907, respectively.

As of May 31, 2023 and 2024, the weighted average remaining lease term was 3.6 years and 3.9 years, respectively, and the weighted average discount rate was 4.4% and 4.7% for the Group’s operating leases, respectively.

Supplemental cash flow information related to the operating leases is as follows:


	For the years ended May 31,
	2023		2024
	US$		US$
Cash payments for the operating leases		180,157		214,089
Right-of-use assets obtained in exchange for the new operating lease liabilities		231,887		442,212

A summary of maturity analysis of the annual undiscounted cash flows for the operating lease liabilities as of May 31, 2024 is as follows:


	As of May 31, 2024
	US$
Fiscal year ending
May 31, 2025		227,888
May 31, 2026		184,310
May 31, 2027		130,508
May 31, 2028		90,996
May 31, 2029		48,238
Thereafter		25,388

Total future lease payments		707,328
Less: Imputed interest		(59,401	)

Present value of operating lease liabilities		647,927

As of May 31, 2024, the Group has lease contracts that have been entered into but not yet commenced amounting to US$22,321, and these contracts will commence in the fiscal year 2025.

For the years ended May 31, 2022, 2023 and 2024, US$19,580, nil and nil impairment loss was recorded in general and administrative expenses mainly related to

right-of-use

assets of selected learning centers.

Unsecured Senior Notes - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
	Jul. 31, 2020	May 31, 2024	May 31, 2023
Debt Instrument [Line Items]
Debt Instrument payment terms	interest payable semiannually in arrears on January 2 and July 2 of each calendar year, commencing on January 2, 2021.
Unsecured Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument Principal amount	$ 300,000
Interest rate	2.125%
Debt instrument date of first required payment	Jan. 02, 2021
Debt instrument frequency of periodic payment	semiannually
Proceeds from issue of unsecured senior notes	$ 299,181
Debt issuance costs net	$ 2,098
Repurchase price		$ 240	$ 48,764
Debt instrument repurchased total principal amount		250	50,962
Unsecured Senior Notes [Member] \| Interest Expense And Interest Income [Member]
Debt Instrument [Line Items]
Repurchase gain		$ 13	$ 2,347

Common Shares and Treasury Stock (Tables)

12 Months Ended

May 31, 2024

Class of Stock Disclosures [Abstract]

Movement of the outstanding common shares and treasury stock

The movements of the outstanding common shares and treasury stock are as follows:


	Number of outstanding common shares			Number of common shares as treasury stock
Shares outstanding as of May 31, 2022		1,696,966,183			—
Issuance of common share for NES		5,659,610			—
Shares repurchase (a)		(59,463,140	)		59,463,140

Shares outstanding as of May 31, 2023		1,643,162,653			59,463,140

Issuance of common share for NES		12,191,640			(12,191,640	)
Shares repurchase (a)		(7,839,430	)		7,839,430

Shares outstanding as of May 31, 2024		1,647,514,863			55,110,930

(a)

As amended, on August 6, 2024, the Company’s board of directors authorized the repurchase of up to US$

700

million of the Company’s common shares through May 31, 2025. During the year ended May 31, 2024, the Company repurchased

783,943

ADS on the open market for total consideration of US$

62,943.

The Group accounts for repurchased common shares under the par value method and includes such treasury stock as a component of the shareholders’ equity.

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
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+ Details

Prepaid Expenses and Other Current Assets, Net (Tables)

12 Months Ended

May 31, 2024

Text Block [Abstract]

Components of Prepaid Expenses and Other Current Assets, Net

Prepaid expenses and other current assets, net, consisted of the following:


	As of May 31,
	2023			2024
	US$			US$
Receivable from third party payment platform		64,962			103,704
Advances to suppliers		63,473			77,184
Interest receivables		8,154			31,501
VAT recoverable		21,887			25,155
Prepaid advertising fees		10,336			20,960
Rental deposits		18,399			18,445
Staff advances (a)		5,042			10,030
Prepaid rents (b)		8,004			7,960
Deposits of advertising and decoration		555			2,650
Others		11,119			12,480

		211,931			310,069

Less: allowance for prepaid expenses and other current assets		(691	)		(605	)

		211,240			309,464

(a)	Staff advances were provided to staff for travelling and business related use and are expensed as incurred.

(b)	Prepaid rents represent the prepayment of rent related to leases less than 12 months.

Subsequent Events

12 Months Ended

May 31, 2024

Subsequent Events [Abstract]

Subsequent Events

25.	SUBSEQUENT EVENTS

On July 25, 2024, Mr. Yuhui Dong (“Mr. Dong”), an employee of the Company and senior management

the

Time With Yuhui, a wholly-

owned

subsidiary of East Buy, resigned from his current roles within the Group. Apart from the payment to Mr. Dong of the promised benefits and compensations, the board of directors of East Buy have also approved to distribute all remaining undistributed profits from Time with Yuhui as of June 30, 2024, which was approximately US$17,910, to Mr. Dong.

Meanwhile, on July 25, 2024, Xuncheng, Mr. Dong and Time With Yuhui entered into a disposal agreement, pursuant to which Xuncheng agreed to sell, and Mr. Dong agreed to acquire, 100% equity interest in Time With Yuhui at a consideration of US$10,576.

The Company is in the process of assessing the accounting impact of such matter.

As disclosed in Note 15, on August 6, 2024, the Company’s board of directors has approved an adjustment to the share repurchase program, pursuant to which the aggregate value of shares that the Company is authorized to repurchase under the share repurchase program is increased from US$400 million to US$700 million. The upsized share repurchase program is effective through May 31, 2025.

On August 19, 2024, the Company announced that its board of directors has approved a special cash dividend of US$0.06 per common share, or US$0.6 per ADS, to holders of common shares and ADSs of record as of the close of business on September 9, 2024. The aggregate amount of the cash dividend to be paid will be approximately US$100 million.

Share-Based Compensation - Summary of Movements of Share Options Under The Koolearn Post-IPO Share Option II (Detail) - Koolearn post ipo share option three [Member]	12 Months Ended
	May 31, 2024 $ / shares shares
Disclosure Of Share Based Compensation By Share Based Arrangement Stock Option Activity One [Line Items]
Number of Shares Option, Outstanding \| shares	40,462,810
Number of Shares Option, Forfeited \| shares	(516,189)
Number of share option, Exercised \| shares	(3,942,676)
Number of share options Cancelled \| shares	(1,519,999)
Number of Shares Option, Outstanding \| shares	34,483,946
Number Of share options, Options vested and expected to vest, Shares \| shares	34,483,946
Number of share options Exercisable \| shares	21,413,897
Weighted Average Exercise Price Per Option, Outstanding \| $ / shares	$ 0.67
Weighted average exercise prices, Forfeited \| $ / shares	0.67
Weighted average exercise prices, Exercised \| $ / shares	0.67
Weighted average exercise price per option Cancelled \| $ / shares	0.67
Weighted Average Exercise Price Per Option, Outstanding \| $ / shares	0.67
Options vested and expected to vest, Weighted Average Exercise Price \| $ / shares	0.67
Weighted average exercise price per option Exercisable \| $ / shares	$ 0.67

Lease (Tables)

12 Months Ended

May 31, 2024

Lessee Disclosure [Abstract]

Summary of supplemental cash flow information of the leases

Supplemental cash flow information related to the operating leases is as follows:


	For the years ended May 31,
	2023		2024
	US$		US$
Cash payments for the operating leases		180,157		214,089
Right-of-use assets obtained in exchange for the new operating lease liabilities		231,887		442,212

Summary of annual undiscounted cash flows for lease liabilities

A summary of maturity analysis of the annual undiscounted cash flows for the operating lease liabilities as of May 31, 2024 is as follows:


	As of May 31, 2024
	US$
Fiscal year ending
May 31, 2025		227,888
May 31, 2026		184,310
May 31, 2027		130,508
May 31, 2028		90,996
May 31, 2029		48,238
Thereafter		25,388

Total future lease payments		707,328
Less: Imputed interest		(59,401	)

Present value of operating lease liabilities		647,927

Unsecured Senior Notes

12 Months Ended

May 31, 2024

Debt Disclosure [Abstract]

Unsecured Senior Notes

14.	UNSECURED SENIOR NOTES

In July 2020, the Company issued unsecured senior notes for a principal amount of US$300,000 which are listed in the Stock Exchange of Hong Kong Limited. The notes bear fixed interest rate at 2.125% with interest payable semiannually in arrears on January 2 and July 2 of each calendar year, commencing on January 2, 2021.

The unsecured senior notes were issued at a discount amount of US$299,181. Debt issuance costs of US$2,098 were directly deducted from the principal amount of the unsecured senior notes. The effective interest rates for the unsecured senior notes include the interest charged on the notes as well as amortization of the debt discounts and debt issuance costs.

The unsecured senior notes contain covenants including, among others, negative pledge, consolidation, merger and sale all or substantially all of the Company’s assets. The notes will rank senior in rights of payment to all of the Company’s existing and future obligations expressly subordinated in rights of payment to the notes and rank at least equal in rights of payment with all of the Company’s existing and future unsecured and unsubordinated obligations (subject to any priority rights pursuant to applicable law).

For the year ended May 31, 2023, the Company repurchased unsecured senior notes with a total principal amount of US$50,962 at a repurchase price of US$48,764. The repurchased unsecured senior notes were derecognized from the Group’s consolidated balance sheets, and the relevant repurchase gains amounting to US$2,347 were recognized in the Group’s consolidated statements of operations for the year ended May 31, 2023.

For the year ended May 31, 2024, the Company repurchased unsecured senior notes with a total principal amount of US$250 at a repurchase price of US$240. The repurchased unsecured senior notes were derecognized from the Group’s consolidated balance sheets, and the relevant repurchase gains amounting to US$13 were recognized in the Group’s consolidated statements of operations for the year ended May 31, 2024.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Fair Value Measurement - Schedule of Available-for-Sale Securities Included in Long Term Investments Measured and Recorded at Fair Value on Recurring Basis (Parenthetical) (Detail) - USD ($)
$ in Thousands

May 31, 2024

May 31, 2023

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Available for sale investments at fair value

$ 135,777

$ 159,588

Fair Value, Measurements, Recurring [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Available for sale investments at fair value

^[1]

135,777

159,588

Available for sale investments at original cost

89,167

80,000

Avaiable for sale investments cumulative unrealized gain

$ 46,610

$ 79,588

[1]

As of May 31, 2024, the fair value of available-for-sale investments amounted to US$135,777, with original cost of US$89,167 and unrealized gain of US$46,610. As of May 31, 2023, the fair value of available-for-sale investments amounted to US$159,588, with original cost of US$80,000 and unrealized gain of US$79,588.

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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+ Details

Fair Value Measurement (Tables)

12 Months Ended

May 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Available-for-Sale Securities Recorded in Long Term Investments Measured and Recorded at Fair Value on Recurring Basis


	As of May 31, 2023
Description	Quoted Prices in Active Market for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total
	US$		US$		US$		US$
Short-term investments:
Wealth management products measured at fair value (a)		—		1,404,830		—		1,404,830
Trading securities (a)		73,013		—		—		73,013
Long-term investments:
Equity securities with readily determinable fair values (b)		6,291		—		—		6,291
Available-for-sale investments (c)		—		17,890		141,698		159,588

Total		79,304		1,422,720		141,698		1,643,722


	As of May 31, 2024
Description	Quoted Prices in Active Market for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total
	US$		US$		US$		US$
Short-term investments:
Wealth management products measured at fair value (a)		—		1,988,907		—		1,988,907
Trading securities (a)		76,672		—		—		76,672
Long-term investments:
Equity securities with readily determinable fair values (b)		25,027		—		—		25,027
Available-for-sale investments (c)		—		10,000		125,777		135,777

Total		101,699		1,998,907		125,777		2,226,383

(a)

(b)	The Company measured the fair value of its investments in common shares using the market approach based on the quoted stock price of its investees in the active market and has classified it as Level 1 measurement.

(c)

As of May 31, 2024, the fair value of

available-for-sale

investments amounted to US$135,777, with original cost of US$89,167 and unrealized gain of US$46,610. As of May 31, 2023, the fair value of

available-for-sale

investments amounted to US$159,588, with original cost of US$80,000 and unrealized gain of US$79,588.

Reconciliation of the fair value measurements of assets and liabilities using significant unobservable inputs

The following table provides additional information about the reconciliation of the fair value measurements of assets using significant unobservable inputs (Level 3).


	Level 3 investments
	US$
Balance as of June 1, 2022		162,974
Transfer from Level 2		10,028
Transfer to Level 2		(17,510	)
Unrealized loss		(3,172	)
Impairment		(2,901	)
Foreign exchange difference		(7,721	)

Balance as of May 31, 2023		141,698

Initial recognition		9,504
Transfer from Level 2		17,890
Unrealized loss		(25,034	)
Impairment		(11,693	)
Disposals		(4,640	)
Foreign exchange difference		(1,948	)

Balance as of May 31, 2024		125,777

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details

Long Term Investments, Net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Schedule of Equity Method Investments [Line Items]
Impairment loss from long-term investments	$ 30,007	$ 8,056	$ 129,350
Other Long-term Investments [Member]
Schedule of Equity Method Investments [Line Items]
Impairment loss from long-term investments	$ 30,007	$ 8,056	$ 129,350

Mainland China Contribution Plan - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Compensation and Retirement Disclosure [Abstract]
Contributions for employee benefits	$ 234,474	$ 196,042	$ 272,433

Income Taxes - Reconciliation of Effective Tax Rates from 25% Statutory Tax Rates (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Income Tax Disclosure [Abstract]
(Loss)/income before income taxes	$ 493,841	$ 308,531	$ (1,032,498)
PRC statutory income tax rate	25.00%	25.00%	25.00%
Income tax at statutory income tax rate	$ 123,460	$ 77,133	$ (258,125)
Effect of non-deductible expenses and loss and super deduction expenses	68,741	40,577	106,903
Effect of income tax exemptions and preferential tax rates	(24,810)	(12,927)	(19,570)
Effect of income tax rate difference in other jurisdictions	(9,086)	(5,184)	(424)
Changes in valuation allowance	(48,615)	(33,533)	307,528
Provision for income taxes	$ 109,690	$ 66,066	$ 136,312

- Definition

Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.

+ References + Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

+ Details

Income Taxes

12 Months Ended

May 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

17.	INCOME TAXES

Cayman Islands

& the British Virgin Islands (“BVI”)

The Company and East Buy are

tax-exempted

companies incorporated in the Cayman Islands. Under the current law of the Cayman Islands, the Company and East Buy are not subject to income, corporate or capital gains tax, and the Cayman Islands currently have no form of estate duty, inheritance tax or gift tax. In addition, payments of dividends and capital in respect of their shares are not subject to taxation and no withholding will be required in the Cayman Islands on the payment of any dividend or capital to any holder of their shares, nor will gains derived from the disposal of their shares be subject to the Cayman Islands income or corporation tax.

The Company’s subsidiary, Abundant State Limited, is incorporated in BVI and is not subject to income tax.

United States (“US”)

Walkite International Academy (U.S.A.) Co., Ltd. and Blingabc Limited (US) are incorporated in the US and are subject to federal income tax and state income tax at

21% and 8.8%, respectively.

United Kingdom (“UK”)

Walkite International Academy Co., Ltd. and New Oriental Vision Overseas Consulting (U.K.) Ltd

are incorporated in the UK and are subject to income tax rate at 19%.

Australia

New Oriental Vision Overseas Consulting Australia Pty Ltd. is incorporated in Australia and is subject to income tax rate at 30%.

Canada

Walkite International Academy (Canada) Co., Ltd

and New Oriental Vision Overseas Consulting Canada Inc. are incorporated in Canada and are subject to income tax rate at 15% in federal and 11.5% in provincial.

Japan

New Oriental Vision Overseas (JPN) Co., Ltd

were established in Japan and subject to the Japan profit tax rate at 23.2%.

Hong Kong

Smart Shine, Winner Park, Elite Concept, One World Limited, Garden House Limited, Xuncheng Tech, Asia Pacific Montessori Education Co., Ltd. (“Asia Pacific”), New Oriental Wuyou Online (HK) Education & Technology Co., Limited (“Wuyou Online”), Dongfang Youbo (HK) Education Limited (“Dongfang Youbo (HK

)”), Hong Kong

New Oriental Vision Overseas Co., Ltd

., and Blingabc Limited (HK)

are incorporated in Hong Kong. Under the current Hong Kong Inland Revenue Ordinance, from the year of assessment 2018/2019 onwards, the subsidiaries in Hong Kong are subject to profits tax at the rate of

8.25% on assessable profits up to HK$2 million; and 16.5% on any part of assessable profits over HK$2 million. No provision

in above subsidiaries for Hong Kong profit tax has been made in the consolidated financial statements as they do not have any assessable income for the years ended May 31, 2022, 2023 and 2024, except for provision of US$1,122 by Elite Concept for the year ended May 31, 2024.

Smart Shine received dividends of nil, nil and US$84,545 for the years ended May 31, 2022, 2023 and 2024, respectively. Withholding taxes of nil, nil and US$4,227 in connection with the dividends were fully paid for the years ended May 31, 2022, 2023 and 2024, respectively.

PRC

The Company’s PRC subsidiaries, the VIEs, the VIEs’ subsidiaries and schools are subject to 25% standard enterprise income tax (“EIT”) except for those accepted as qualified for small-scale enterprises, or granted preferential tax treatment.

Significant components of provision for income taxes for the years ended May 31, 2022, 2023 and 2024 were as follows:


	For the years ended May 31,
	2022		2023			2024
	US$		US$			US$
Current:
PRC		44,378		97,594			130,927

Deferred:
PRC		91,934		(31,528	)		(21,237	)

Total provision for income taxes		136,312		66,066			109,690

Enterprises that qualify as a high and new technology enterprise (“HNTE”) are subject to a tax rate of 15%. Beijing Hewstone, Beijing Decision, Beijing Pioneer, Beijing Smart Wood, Xuncheng, Dexin Dongfang, Beijing Be-linked Online Education Company Limited, Beijing SFK Education Consulting Co., Ltd., Beijing Bright Future Education&Technology Company Limited and Dongfang Huijiao (Beijing) Technology Co., Ltd. continued to qualify as HNTE and were subject to a tax rate of 15% for the year ended May 31, 2024. Considering Xuncheng and Dexin Dongfang didn’t meet some criteria for HNTE in the year ended 31 May 2024, the statutory tax rate of Xuncheng and Dexin Dongfang for the year ended 31 May 2024 is 25%.

Hainan Dongfang Zhixin Technology Company Limited, Zhuhai Zekai Software Technology Company Limited, Zhuhai Chongshengheli Network Technology Co., Ltd

and

Tibet Tianli enjoyed the EIT tax rate of 15% because of the preferential corporate income tax policies for local tax concessions.

Enterprises that qualify as the newly established software enterprise (“NESE”) are exempt from the EIT for two years beginning the enterprise’s first profitable year followed by a tax rate of 12.5% for the succeeding three years. Beijing Zhiyuan Hangcheng Software Technology Company Limited (“Beijing Zhiyuan”) and Beijing Chuangying Oriental Technology Co., Ltd (“Beijing Chuangying”) are qualified as NESE and enjoy the EIT tax benefit from January 2019 to December 2023. After expiration, Beijing Zhiyuan and Beijing Chuangying qualified as “HNTE” and subject to a tax rate of 15%. Beijing Yuda Oriental Software Technology Company Limited is qualified as NESE and enjoy the EIT tax benefit from January 2023 to December 2027.

Since its establishment through May 31, 2024, Beijing Haidian School was not required by the governing tax bureau to pay any EIT. If Beijing Haidian School is required to pay EIT in the future, this could have material impact to the Group’s consolidated financial statements. However, the Group believes that it is not more likely than not that any change to the tax treatment of Beijing Haidian School shall be prospectively applied.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Group’s deferred tax assets and liabilities were as follows:


	As of May 31,
	2023			2024
	US$			US$
Deferred tax assets
Allowance for doubtful accounts		37,424			26,435
Accrued expenses		56,716			79,053
Net operating loss carry-forward		324,355			257,637
Tax impact from the long-term investments disposed to a related party		1,521			—

Total deferred tax assets		420,016			363,125

Less: valuation allowance		(364,083	)		(290,398	)

Total deferred tax assets, net		55,933			72,727

Deferred tax liabilities
Acquired assets		4,523			3,462
Tax impact from the unrealized gain on long-term investments		19,326			15,945

Total deferred tax liabilities		23,849			19,407

The Group does not file combined or consolidated tax returns, therefore, losses from individual subsidiaries or the VIEs may not be used to offset other subsidiaries’ earnings within the Group.

The Group determined the valuation allowance on an entity by entity basis. The valuation allowance, which is primarily related to entities with net operating loss carry-forwards for which the Company does not believe it will ultimately be realized, was US$397,616, US$364,083 and US$290,398 as of May 31, 2022, 2023 and 2024, respectively.

As of May 31, 2024, the Group had net operating loss carried-forwards of US$1,010,205 from the Company’s PRC subsidiaries, the VIEs, the VIEs’ subsidiaries and schools which will expire during the period from

2024

2029

except for those arose from HNTEs, which will expire during the period from 2024 to 2034.


	For the years ended May 31,
	2022			2023			2024
	US$			US$			US$
(Loss)/income before income taxes		(1,032,498	)		308,531			493,841
PRC statutory income tax rate		25	%		25	%		25	%
Income tax at statutory income tax rate		(258,125	)		77,133			123,460
Effect of non-deductible expenses and loss and super deduction expenses		106,903			40,577			68,741
Effect of income tax exemptions and preferential tax rates		(19,570	)		(12,927	)		(24,810	)
Effect of income tax rate difference in other jurisdictions		(424	)		(5,184	)		(9,086	)
Changes in valuation allowance		307,528			(33,533	)		(48,615	)

Provision for income taxes		136,312			66,066			109,690

If the WFOE and certain subsidiaries and schools of the VIEs did not enjoy income tax exemptions and preferential tax rates, tax expense would have increased by US$5,453, US$25,420 and US$11,149 for the years ended May 31, 2022, 2023 and 2024, respectively. The increase in basic net loss per common share would have been US$0.00 for the year ended May 31, 2022, the decrease in basic net income per common share would have been US$0.01 for the year ended May 31, 2023, and the decrease in basic net income per common share would have been US$0.01 for the year ended May 31, 2024. The increase in diluted net loss per common share would have been US$0.00 for the year ended May 31, 2022, the decrease in diluted net income per common share would have been US$0.02 for the year ended May 31, 2023. and the decrease in diluted net income per common share would have been US$0.01 for the year ended May 31, 2024.

Under the New Income Tax Law effective from January 1, 2008, the rules for determining whether an entity is resident in the PRC for tax purposes have changed and the determination of residence depends among other things on the “place of actual management”. If the Group, or its

non-PRC

subsidiaries, were to be determined as a PRC resident for tax purposes, they would be subject to a 25% income tax rate on their worldwide income including the income arising in jurisdictions outside the PRC. The Group does not believe that its legal entities organized outside of the PRC are considered the PRC residents.

If the Company were to be a

non-resident

for the PRC tax purposes, dividends paid to it out of profits earned after January 1, 2008 would be subject to a withholding tax. In the case of dividends paid by the PRC schools and subsidiaries to their foreign investors, the withholding tax would be 10%, unless any such foreign investor’s jurisdiction of incorporation has a tax treaty with China that provides for a different withholding arrangement. Elite Concept

and Smart Shine enjoyed

a preferential tax rate of 5% under the tax treaty treatment.

Aggregate undistributed earnings of the Company’s PRC subsidiaries, the VIEs, the VIEs’ subsidiaries and schools that are available for distribution were US$1,880,057, US$2,078,517 and US$2,374,564

as of May 31, 2022, 2023 and 2024, respectively. Upon distribution of such earnings, the Company will be subject to the PRC EIT, the amount of which is impractical to estimate. The Company did not record any withholding tax on any of the aforementioned undistributed earnings because the relevant PRC subsidiaries, the VIEs, the VIEs’ subsidiaries and schools do not intend to declare dividends exceeding earnings from current year and the Company intends to permanently reinvest

the remaining undistributed earnings excluding declared dividends

within the PRC. Additionally, no deferred tax liabilities were recorded for taxable temporary differences attributable to the undistributed earnings because the Company believes the undistributed earnings can be distributed in a manner that would not be subject to income tax.

The Group did not identify any significant unrecognized tax benefits for the years ended May 31, 2022, 2023 and 2024. The Group did not incur any significant interest and penalties related to potential underpaid income tax expenses and also does not anticipate any significant increases or decreases in unrecognized tax benefits in the next twelve months. The Group has no material unrecognized tax benefits which would favorably affect the effective income tax rate in future periods.

According to the PRC Tax Administration and Collection Law, the tax authority may require the taxpayer or the withholding agent to make delinquent tax payment within three years if the underpayment of taxes is resulted from the tax authority’s act or error. No late payment surcharge will be assessed under such circumstances. The statute of limitation will be three years if the underpayment of taxes is due to the computational errors made by the taxpayer or the withholding agent. Late payment surcharge will be assessed in such case. The statute of limitation will be extended to five years under special circumstances which are not clearly defined (but an underpayment of tax liability exceeding US$16 (RMB100) is specifically listed as a “special circumstance”). The statute of limitation for transfer pricing related issue is ten years. There is no statute of limitation in the case of tax evasion. Therefore, the Group’s PRC domiciled entities are subject to examination by the PRC tax authorities based on the above.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Significant Accounting Policies - Summary of Estimated Useful Lives of Intangible Assets (Detail)	May 31, 2024
Trademark [Member] \| Minimum [Member]
Estimated useful lives of intangible assets [Line items]
Estimated useful lives	5 years
Trademark [Member] \| Maximum [Member]
Estimated useful lives of intangible assets [Line items]
Estimated useful lives	10 years
License [Member]
Estimated useful lives of intangible assets [Line items]
Estimated useful lives	20 years
Student base [Member]
Estimated useful lives of intangible assets [Line items]
Estimated useful lives	1 year 9 months
Favorable lease [Member]
Estimated useful lives of intangible assets [Line items]
Estimated useful lives	8 years 8 months 1 day
Courseware [Member] \| Minimum [Member]
Estimated useful lives of intangible assets [Line items]
Estimated useful lives	3 years
Courseware [Member] \| Maximum [Member]
Estimated useful lives of intangible assets [Line items]
Estimated useful lives	5 years
Copyright [Member]
Estimated useful lives of intangible assets [Line items]
Estimated useful lives	5 years
Distribution channel [Member]
Estimated useful lives of intangible assets [Line items]
Estimated useful lives	5 years

Lease - Summary of Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023
Disclosure Of Supplemental Cash Flow Information Of The Leases [Line Items]
Cash payments for the operating leases	$ 214,089	$ 180,157
Right-of-use assets obtained in exchange for the new operating lease liabilities	$ 442,212	$ 231,887

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($)
$ in Thousands

May 31, 2024

May 31, 2023

Accelerated Share Repurchases [Line Items]

Accrued payroll

$ 387,927

$ 277,020

Refund liability

^[1]

167,369

138,549

Payable for purchase of property and equipment

36,136

27,093

Amounts reimbursable to employees

^[2]

29,965

15,437

Accrued advertising fees

23,035

14,426

Advance payment from students

^[3]

20,298

19,323

VAT payable

17,920

12,300

Payment to merchant (d)

^[4]

16,772

Welfare payable

11,682

9,294

Payable for investments and acquisitions

9,885

9,531

Royalty fees payable (e)

^[5]

8,640

7,568

Refundable deposits (f)

^[6]

8,004

5,825

Rent payable

6,283

6,124

Other taxes payable

3,371

5,095

Accrued professional service fees

1,709

2,824

Others (g)

^[7]

25,809

19,028

Total

$ 774,805

$ 569,437

[1]	The refund liability is recognized for variable amount of the considerations received from the customers and recorded as refund liability as described in Note 2.
[2]	Amounts reimbursable to employees include travelling and business related expenses.
[3]	Advance payment from students represent (1) the miscellaneous expenses other than tuition fee prepaid by students which will be paid out on their behalf; and (2) advance payment prepaid by students for class enrollment.
[4]	Payment to merchant represents cash received from consumers and deposited in a special bank account reserved for payments to merchants.
[5]	Royalty fees payable relate to payments to content providers for on-line learning programs and those to counterparties for copyrights and resource sharing.
[6]	Refundable deposits represent student deposits for dormitory or other fees that will be refunded upon graduation and student security deposits refunded upon completion of the study tour.
[7]	Others primarily include transportation expenses, utility fees, property management fees and other miscellaneous expenses payable.

Common Shares and Treasury Stock - Movement of the outstanding common shares and treasury stock (Detail) - shares

12 Months Ended

May 31, 2024

May 31, 2023

Balance, shares

1,714,218,870

Balance, shares

1,714,218,870

Common Stock [Member]

Balance, shares

1,643,162,653

1,696,966,183

Issuance of common share for NES

12,191,640

5,659,610

Shares repurchase

^[1]

(7,839,430)

(59,463,140)

Balance, shares

1,647,514,863

1,643,162,653

Treasury Stock, Common [Member]

Balance, shares

59,463,140

Issuance of common share for NES

(12,191,640)

Shares repurchase

^[1]

7,839,430

59,463,140

Balance, shares

55,110,930

59,463,140

[1]

As amended, on August 6, 2024, the Company’s board of directors authorized the repurchase of up to US$700 million of the Company’s common shares through May 31, 2025. During the year ended May 31, 2024, the Company repurchased 783,943 ADS on the open market for total consideration of US$62,943. The Group accounts for repurchased common shares under the par value method and includes such treasury stock as a component of the shareholders’ equity.

- Definition

+ References + Details

Segment Information

12 Months Ended

May 31, 2024

Segment Reporting [Abstract]

Segment Information

21.	SEGMENT INFORMATION

The Group’s chief operating decision maker has been identified as the Chief Executive Officer who reviews financial information of operating segments based on US GAAP amounts when making decisions about allocating resources and assessing performance of the Group. For the years ended May 31, 2022 and 2023, the Group identified

four

operating segments, including (i) educational services and test preparation courses, (ii) private label products and livestreaming e-commerce and other services, which was formerly named as “online education and other services”, (iii) overseas study consulting services, and (iv) educational materials and distribution. For the year ended May 31, 2024, the Group identified four operating segments, including (i) educational services and test preparation courses, (ii) private label products and livestreaming e-commerce, which was formerly named as “private label products and livestreaming e-commerce and other services”. The change is due to the transferring of online education from this segment to educational services and test preparation courses. (iii) overseas study consulting services, and (iv) educational materials and distribution. The Group identified educational services and test preparation courses, private label products and livestreaming e-commerce, and overseas study consulting services as three reportable segments. Educational materials and distribution individually did not exceed

the

10%

quantitative threshold and as a result, was included in others below. Prior period’s segment information has been restated to conform with the presentation for the year ended May 31, 2024.

The Group primarily operates in the PRC and substantially all of the Group’s long-lived assets are located in the PRC.

The Group’s chief operating decision maker evaluates performance based on each reporting segment’s operating income. Net revenues, operating cost and expenses, operating income, and total assets by segment are as follows:

For the year ended May

31, 2022


	Educational services and test preparation courses			Private label products and livestreaming e-commerce			Overseas study consulting services			Others			Consolidated
	US$			US$			US$			US$			US$
Net revenues		2,669,020			3,003			325,901			107,322			3,105,246
Operating cost and expenses:
Cost of revenues		(1,508,412	)		(2,476	)		(165,673	)		(77,730	)		(1,754,291	)
Selling and marketing		(346,508	)		(6,264	)		(72,847	)		(30,494	)		(456,113	)
General and administrative		(1,362,285	)		(18,818	)		(61,258	)		(63,859	)		(1,506,220	)
Unallocated corporate expenses		—			—			—			—			(371,135	)

Total operating cost and expenses		(3,217,205	)		(27,558	)		(299,778	)		(172,083	)		(4,087,759	)
Operating (loss)/income		(548,185	)		(24,555	)		26,123			(64,761	)		(982,513	)

Segment assets		2,262,594			277,848			177,821			4,381			2,722,644

Unallocated corporate assets		—			—			—			—			3,312,022

Total assets		2,262,594			277,848			177,821			4,381			6,034,666

For the year ended May

31, 2023


	Educational services and test preparation courses			Private label products and livestreaming e-commerce			Overseas study consulting services			Others			Consolidated
	US$			US$			US$			US$			US$
Net revenues		1,914,865			557,508			354,764			170,623			2,997,760
Operating cost and expenses:
Cost of revenues		(793,423	)		(345,211	)		(179,284	)		(91,520	)		(1,409,438	)
Selling and marketing		(261,606	)		(45,611	)		(80,528	)		(45,657	)		(433,402	)
General and administrative		(519,765	)		(34,238	)		(61,861	)		(65,725	)		(681,589	)
Unallocated corporate expenses		—			—			—			—			(283,285	)

Total operating cost and expenses		(1,574,794	)		(425,060	)		(321,673	)		(202,902	)		(2,807,714	)
Operating income/(loss)		340,071			132,448			33,091			(32,279	)		190,046

Segment assets		1,728,371			282,558			109,422			149,017			2,269,368

Unallocated corporate assets		—			—			—			—			4,123,090

Total assets		1,728,371			282,558			109,422			149,017			6,392,458

For the year ended May

31, 2024


	Educational services and test preparation courses			Private label products and livestreaming e-commerce			Overseas study consulting services			Others			Consolidated
	US$			US$			US$			US$			US$
Net revenues		2,716,174			900,614			439,744			257,054			4,313,586
Operating cost and expenses:
Cost of revenues		(1,027,889	)		(677,270	)		(214,602	)		(131,199	)		(2,050,960	)
Selling and marketing		(348,121	)		(124,975	)		(92,865	)		(77,785	)		(643,746	)
General and administrative		(755,074	)		(77,626	)		(57,204	)		(75,657	)		(965,561	)
Unallocated corporate expenses		—			—			—			—			(302,894	)

Total operating cost and expenses		(2,131,084	)		(879,871	)		(364,671	)		(284,641	)		(3,963,161	)
Operating income/(loss)		585,090			20,743			75,073			(27,587	)		350,425
Segment assets		2,217,342			831,620			119,725			486,305			3,654,992

Unallocated corporate assets		—			—			—			—			3,876,681

Total assets		2,217,342			831,620			119,725			486,305			7,531,673

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Common Shares and Treasury Stock

12 Months Ended

May 31, 2024

Class of Stock Disclosures [Abstract]

Common Shares and Treasury Stock

15.	COMMON SHARES AND TREASURY STOCK

As of May 31, 2023 and 2024, the Company had 3,000,000,000 common shares authorized with par value of US$

0.001

The movements of the outstanding common shares and treasury stock are as follows:


	Number of outstanding common shares			Number of common shares as treasury stock
Shares outstanding as of May 31, 2022		1,696,966,183			—
Issuance of common share for NES		5,659,610			—
Shares repurchase (a)		(59,463,140	)		59,463,140

Shares outstanding as of May 31, 2023		1,643,162,653			59,463,140

Issuance of common share for NES		12,191,640			(12,191,640	)
Shares repurchase (a)		(7,839,430	)		7,839,430

Shares outstanding as of May 31, 2024		1,647,514,863			55,110,930

(a)

As amended, on August 6, 2024, the Company’s board of directors authorized the repurchase of up to US$

700

million of the Company’s common shares through May 31, 2025. During the year ended May 31, 2024, the Company repurchased

783,943

ADS on the open market for total consideration of US$

62,943.

The Group accounts for repurchased common shares under the par value method and includes such treasury stock as a component of the shareholders’ equity.

- Definition

The entire disclosure for equity.

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+ Details

Long-Term Investments, Net

12 Months Ended

May 31, 2024

Schedule of Investments [Abstract]

Long-Term Investments

10.	LONG-TERM INVESTMENTS, NET

Long-term investments, net, consisted of the following:


	As of May 31,
	2023		2024
	US$		US$
Equity securities with readily determinable fair value:
Mobvoi Inc. (“Mobvoi”) (a)		—		15,840
Sunlands Online Education Group (“Sunlands”) (b)		3,588		8,091
Other investments		2,703		1,096

Subtotal		6,291		25,027

Equity securities without readily determinable fair value:
G-Net Cloud Service Co., Ltd. (“G-Net”) (c)		14,065		—
EEO Education Technology Co., Ltd. (“EEO”) (d)		9,312		9,312
Other investments (e)		14,758		14,347

Subtotal		38,135		23,659

Equity method investments:
VM EDU Fund I, L.P.(f)		66,331		51,383
New Oriental Education and Culture Industry Fund (Zhangjiagang) Partnership (Limited Partnership) (“Education Industry Fund”) (g)		76,369		44,272
Thaiwoo Enterprise Management Co., Ltd (“Thaiwoo Management”) (h)		—		41,761
Other investments (i)		52,871		33,933

Subtotal		195,571		171,349

Available-for-sale investments:
Shanghai Golden Education & Training Co., Ltd. (“Golden Finance”) (j)		76,115		52,130
Happy_seed (Cayman) Ltd. (“Happy Seed”) (k)		20,183		20,183
Tianjin Uhozz Internet Technology Co., Ltd. (“Uhozz”) (l)		17,890		17,890
Other available-for-sale investments (m)		45,400		45,574

Subtotal		159,588		135,777

		399,585		355,812

(a)

In September 2020, the Group invested 2.3

12,760.

(b)	For the years ended May 31, 2022, 2023 and 2024, with the fluctuation of stock price of Sunlands, losses of US$ 10,467, US$1,883 and gain of US$ 4,503 were recorded in (Loss)/gain from fair value change of investments on the Group’s consolidated statements of operations, respectively.

(c)

In August 2020, the Group acquired 3% equity interests in

G-Net,

a company engaged in the business of audio and web conferencing services. The Group accounted for the investment as equity securities without readily determinable fair value as

G-Net

is a private company without readily determinable fair value. For the years ended May 31, 2022, 2023 and 2024, nil, nil and US$13,956 impairment loss was recorded from this investment.

(d)

In April 2017, the Group acquired 10% equity interests in EEO, a company engaged in the business of developing

on-line

(e)

(f)

In June 2019, VM EDU Fund I, LP., a market-driven investment entity, was established. The Group participates in VM EDU Fund I, LP. as a limited partner and invested US$

51,383

in VM EDU Fund I, LP. as of May 31, 2024. The Group accounts for the investment under the equity method in accordance with ASC 323, because the Group is a limited partner and owns

49.7% interest in VM EDU Fund I, LP.

(g)

44,272

in Education Industry Fund as of May 31, 2024. The Group accounts for the investment under the equity method in accordance with ASC 323, because the Group is a limited partner and owns

36.3% interest in Education Industry Fund.

(h)

(i)

The Group holds from 6.9% to 40.0% equity interests in other

third-party companies through investments in their common shares or

in-substance

(j)

available-for-sale

investments since the investee’s preferred shares held are redeemable and determined to be debt securities and measured at fair value.

(k)

available-for-sale

investments since the investee’s preferred shares held are redeemable and determined to be debt securities and measured at fair value.

(l)

(m)

Other

available-for-sale

investments represent several insignificant individual investments classified as

available-for-sale

The Group recognized impairment losses from long-term investments amounting to US$129,350, US$8,056 and US$30,007 for the years ended May 31, 2022, 2023 and 2024, respectively, as the Group believes the carrying value of these investments were no longer recoverable.

Income Taxes - Additional Information (Detail) $ / shares in Units, ¥ in Thousands, $ in Thousands, $ in Millions	12 Months Ended
	May 31, 2024 USD ($) $ / shares	May 31, 2024 HKD ($)	May 31, 2024 CNY (¥)	May 31, 2023 USD ($) $ / shares	May 31, 2022 USD ($) $ / shares	May 31, 2019 USD ($)	May 31, 2019 HKD ($)	May 31, 2016
Income Taxes [Line Items]
Effective income tax rate	25.00%	25.00%	25.00%	25.00%	25.00%
Assessable profit	$ 325,218			$ 235,363	$ (1,220,276)
Valuation allowance	290,398			364,083	397,616
Net operating loss	1,010,205
Withholding tax, dividends paid by PRC schools and subsidiaries to their foreign investors								10.00%
Aggregate undistributed earnings available for distribution	2,374,564			2,078,517	1,880,057
Unrecognized tax benefits	0			0	0
Provision for income taxes	109,690			66,066	136,312
Increase in income tax expenses	$ 11,149			$ 25,420	$ 5,453
Decrease in net income/(loss) per share—basic \| $ / shares	$ 0.01			$ 0.01	$ 0
Decrease in net income/(loss) per share—diluted \| $ / shares	$ 0.01			$ 0.02	$ 0
Payment of taxes witheld on dividend	$ 4,227			$ 0	$ 0
UNITED STATES \| Walkite [Member]
Income Taxes [Line Items]
State income tax rate	8.80%	8.80%	8.80%
Effective income tax rate	21.00%	21.00%	21.00%
UNITED KINGDOM \| Walkite [Member]
Income Taxes [Line Items]
Income tax rate	19.00%	19.00%	19.00%
AUSTRALIA
Income Taxes [Line Items]
Income tax rate	30.00%	30.00%	30.00%
CANADA
Income Taxes [Line Items]
Effective income tax rate	15.00%	15.00%	15.00%
Income tax rate	11.50%	11.50%	11.50%
JAPAN \| New Oriental Vision Overseas Japan [Member]
Income Taxes [Line Items]
Effective income tax rate	23.20%	23.20%	23.20%
Smart Shine International Limited [Member]
Income Taxes [Line Items]
Dividends	$ 84,545			0	0
Minimum [Member]
Income Taxes [Line Items]
Underpayment of tax liability	$ 16,000		¥ 100
Beijing Hewstone, Shanghai Smart Words, Beijing Smart Wood and Beijing Pioneer [Member]
Income Taxes [Line Items]
Withholding tax paid for the dividend						$ 5
Hainan Dongfang Zhixin Technology Company Limited, Zhuhai Zekai Software Technology Company Limited, Zhuhai Chongshengheli Network Technology Co., Ltd. and Tibet Tianli [Member]
Income Taxes [Line Items]
Eit preferential tax rate percentage	15.00%	15.00%	15.00%
High and new tech enterprise (HNTE) [Member] \| Beijing Decision Beijing Hewstone And Xuncheng [Member]
Income Taxes [Line Items]
Income tax rate	15.00%	15.00%	15.00%
High and new tech enterprise (HNTE) [Member] \| Xuncheng And Dexin Dongfang [Member]
Income Taxes [Line Items]
Effective income tax rate	25.00%	25.00%	25.00%
High and new tech enterprise (HNTE) [Member] \| Beijing Zhiyuan And Beijing Chuangying [Member]
Income Taxes [Line Items]
Income tax rate	15.00%	15.00%	15.00%
Newly established software enterprise (NESE) [Member] \| Beijing Decision Beijing Hewstone And Xuncheng [Member]
Income Taxes [Line Items]
Preferential tax rate	12.50%	12.50%	12.50%
Tax holiday year	2 years	2 years	2 years
Income tax holiday, description	Enterprises that qualify as the newly established software enterprise (“NESE”) are exempt from the EIT for two years beginning the enterprise’s first profitable year followed by a tax rate of 12.5% for the succeeding three years.	Enterprises that qualify as the newly established software enterprise (“NESE”) are exempt from the EIT for two years beginning the enterprise’s first profitable year followed by a tax rate of 12.5% for the succeeding three years.	Enterprises that qualify as the newly established software enterprise (“NESE”) are exempt from the EIT for two years beginning the enterprise’s first profitable year followed by a tax rate of 12.5% for the succeeding three years.
Peoples Republic Of China Entities [Member]
Income Taxes [Line Items]
Income tax rate	25.00%	25.00%	25.00%
Variable interest entities (VIEs) [Member]
Income Taxes [Line Items]
Income tax rate	25.00%	25.00%	25.00%
Hong Kong [Member]
Income Taxes [Line Items]
Assessable profit		$ 2					$ 2
Income tax rate	16.50%	16.50%	16.50%			8.25%	8.25%
Hong Kong [Member] \| Major Subsidiaries of the Company [Member]
Income Taxes [Line Items]
Provision for income taxes	$ 0			$ 0	$ 0
Hong Kong [Member] \| Elite Concept [Member]
Income Taxes [Line Items]
Provision for income taxes	$ 1,122
Earliest Tax Year [Member]
Income Taxes [Line Items]
Net operating loss expiration dates	May 31, 2024	May 31, 2024	May 31, 2024
Latest Tax Year [Member]
Income Taxes [Line Items]
Net operating loss expiration dates	May 31, 2029	May 31, 2029	May 31, 2029

Fair Value Measurement - Additional Information (Detail) $ in Thousands	May 31, 2024 USD ($) yr
Fair Value Measurements [Line Items]
Amount transfer from level 1 to level 2 \| $	$ 0
Minimum [Member] \| Measurement Input, Price Volatility [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements [Line Items]
Available for sale investments, Measurement input	34.4
Minimum [Member] \| Measurement Input, Discount Rate [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements [Line Items]
Available for sale investments, Measurement input	14
Minimum [Member] \| Measurement Input, Expected Term [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements [Line Items]
Available for sale investments, Measurement input	2.6
Maximum [Member] \| Measurement Input, Price Volatility [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements [Line Items]
Available for sale investments, Measurement input	94.9
Maximum [Member] \| Measurement Input, Discount Rate [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements [Line Items]
Available for sale investments, Measurement input	24
Maximum [Member] \| Measurement Input, Expected Term [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements [Line Items]
Available for sale investments, Measurement input	4

Share-Based Compensation - Summary of NES Activities under 2006 and 2016 Share Incentive Plan (Detail) - $ / shares	1 Months Ended	12 Months Ended
	Jan. 31, 2024	May 31, 2024	May 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Weighted-average grant date fair value, Granted	$ 0	$ 5.99	$ 2.6
2006 and 2016 Share Incentive Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of NES, Beginning balance		30,271,273
Number of NES, Granted		3,656,040
Number of NES, Vested		(12,191,640)
Number of NES, Forfeited		(266,411)
Number of NES, Ending balance		21,469,262
Weighted-average grant date fair value, Beginning balance		$ 5.52
Weighted-average grant date fair value, Granted		5.99
Weighted-average grant date fair value, Vested		6.54
Weighted-average grant date fair value, Forfeited		5.75
Weighted-average grant date fair value, Ending balance		$ 5.01

Fair Value Measurement - Reconciliation of The Fair Value Measurements of Assets And Liabilities Using Significant Unobservable Inputs (level 3) (Detail) - Level investments [Member] - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 141,698	$ 162,974
Initial recognition	9,504
Transfer from Level 2	17,890	10,028
Transfer to Level 2		(17,510)
Disposals	(4,640)
Unrealized gain (loss)	(25,034)	(3,172)
Impairment	(11,693)	(2,901)
Foreign exchange difference	(1,948)	(7,721)
Ending balance	$ 125,777	$ 141,698

Accrued Expenses and Other Current Liabilities

12 Months Ended

May 31, 2024

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

12.	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current

liabilities

consisted of the following:


	As of May 31,
	2023		2024
	US$		US$
Accrued payroll		277,020		387,927
Refund liability (a)		138,549		167,369
Payable for purchase of property and equipment		27,093		36,136
Amounts reimbursable to employees (b)		15,437		29,965
Accrued advertising fees		14,426		23,035
Advance payment from students (c)		19,323		20,298
VAT payable		12,300		17,920
Payment to merchant (d)		—		16,772
Welfare payable		9,294		11,682
Payable for investments and acquisitions		9,531		9,885
Royalty fees payable (e)		7,568		8,640
Refundable deposits (f)		5,825		8,004
Rent payable		6,124		6,283
Other taxes payable		5,095		3,371
Accrued professional service fees		2,824		1,709
Others (g)		19,028		25,809

Total		569,437		774,805

(a)	The refund liability is recognized for variable amount of the considerations received from the customers and recorded as refund liability as described in Note 2.

(b)	Amounts reimbursable to employees include travelling and business related expenses.

(c)	Advance payment from students represent (1) the miscellaneous expenses other than tuition fee prepaid by students which will be paid out on their behalf; and (2) advance payment prepaid by students for class enrollment.

(d)	Payment to merchant represents cash received from consumers and deposited in a special bank account reserved for payments to merchants.

(e)	Royalty fees payable relate to payments to content providers for on-line learning programs and those to counterparties for copyrights and resource sharing.

(f)	Refundable deposits represent student deposits for dormitory or other fees that will be refunded upon graduation and student security deposits refunded upon completion of the study tour.

(g)	Others primarily include transportation expenses, utility fees, property management fees and other miscellaneous expenses payable.

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Statement of Comprehensive Income [Abstract]
Unrealized gain/(loss) on available-for-sale investments, tax effect	$ 6,191	$ 513	$ 1,316

Prepaid Expenses and Other Current Assets, Net - Components of Prepaid Expenses and Other Current Assets, Net (Detail) - USD ($)
$ in Thousands

May 31, 2024

May 31, 2023

Prepaid Expenses And Other Current Assets [Abstract]

Receivable from third party payment platform

$ 103,704

$ 64,962

Advances to suppliers

77,184

63,473

Interest receivables

31,501

8,154

VAT recoverable

25,155

21,887

Prepaid advertising fees

20,960

10,336

Rental deposits

18,445

18,399

Staff advances

^[1]

10,030

5,042

Prepaid rents

^[2]

7,960

8,004

Deposits of advertising and decoration

2,650

555

Others

12,480

11,119

Prepaid expense and other assets current before allowance

310,069

211,931

Less: allowance for prepaid expenses and other current assets

(605)

(691)

Prepaid expenses and other current assets

$ 309,464

$ 211,240

[1]	Staff advances were provided to staff for travelling and business related use and are expensed as incurred.
[2]	Prepaid rents represent the prepayment of rent related to leases less than 12 months.

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	May 31, 2024	May 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 1,034	$ 1,599
Prepaid expenses and other current assets, allowance	605	691
Available for sale securities non current	135,777	159,588
Accounts payable, consolidated variable interest entity without recourse	105,174	69,102
Accrued expenses and other current liabilities, consolidated variable interest entity without recourse	738,409	553,883
Income taxes payable, consolidated variable interest entity without recourse	89,920	64,890
Amounts due to related parties, consolidated variable interest entity without recourse	551	346
Deferred revenue, consolidated variable interest entity without recourse	1,775,102	1,308,276
Deferred tax liabilities, non-current consolidated variable interest entity without recourse	196,936	23,602
Operating Lease Liability-current, consolidated variable interest entity without recourse	19,188	149,127
Unsecured senior notes non current, consolidated variable interest entities without recourse	0	0
Operating Lease Liability non current consolidated variable interest entity without recourse	$ 443,117	$ 285,667
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	3,000,000,000	3,000,000,000
Common stock, shares issued	1,714,218,870	1,714,218,870
Common stock, shares outstanding	1,647,514,863	1,643,162,653

Land Use Rights, Net

12 Months Ended

May 31, 2024

Text Block [Abstract]

Land Use Rights, Net

7.	LAND USE RIGHTS, NET

Land use rights, net, consisted of the following:


	As of May 31,
	2023			2024
	US$			US$
Land use rights		3,831			5,031
Less: accumulated amortization		(558	)		(639	)
Exchange differences		48			58

Land use rights, net		3,321			4,450

Amortization expenses for land use rights for the years ended May 31, 2022, 2023 and 2024 were US$205, US$84 and US$81, respectively. The Group expects to recognize US$81 in amortization expense for each of the next five years and US$2,777

thereafter.

Segment Information - Additional Information (Detail) - Segment	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Segment Reporting Information [Line Items]
Number of operating segments	4	4	4
Percentage of quantitative threshold on segment reporting	10.00%

Common Shares and Treasury Stock - Additional Information (Detail) - $ / shares	May 31, 2024	May 31, 2023
Common stock shares authorized	3,000,000,000	3,000,000,000
Common shares, par value	$ 0.001	$ 0.001
Previously Reported [Member]
Common stock shares authorized	3,000,000,000	3,000,000,000
Common shares, par value	$ 0.001	$ 0.001

Related-Parties Transactions - Balances and Transaction with Related Parties (Detail) - USD ($)
$ in Thousands

12 Months Ended

May 31, 2024

May 31, 2023

May 31, 2022

Amounts due from related parties - non current

$ 7,273

$ 1,735

Net revenues

4,313,586

2,997,760

$ 3,105,246

Loans provided to related parties

1,388

2,387

41,226

Related Party [Member]

Amounts due from related parties - current

4,403

9,383

Amounts due to related parties - current

551

346

Amounts due from related parties - non current

7,273

1,735

Net revenues

251

2,098

Loans provided to related parties

1,388

2,387

41,226

Cost

1,766

54,695

Metropolis [Member] | Executive Chairman [Member] | Related Party [Member]

Amounts due from related parties - current

^[1]

1,399

2,435

Amounts due to related parties - current

^[1]

313

236

Amounts due from related parties - non current

^[1]

3,130

1,398

Rental expense

^[1]

10,896

8,387

11,590

MaxEn [Member] | Equity Method Investee [Member]

Loans provided to related parties

38,130

MaxEn [Member] | Equity Method Investee [Member] | Related Party [Member]

Loans provided to related parties

^[2]

38,130

Dianshi Jingwei [Member] | Equity Method Investee [Member] | Related Party [Member]

Loans provided to related parties

^[3]

3,096

Cost

^[3]

52,380

Others [Member] | Related Party [Member]

Net revenues

Loans provided to related parties

1,388

2,387

Cost

714

Other Subsidiaries [Member] | Related Party [Member]

Amounts due from related parties - current

2,862

Amounts due to related parties - current

Amounts due from related parties - non current

4,143

337

Edutainment World [Member] | Long Term Investee [Member] | Related Party [Member]

Amounts due from related parties - current

^[4]

2,944

4,086

Amounts due to related parties - current

^[4]

238

Net revenues

^[4]

251

2,098

Cost

^[4]

$ 48

1,253

186

Beijing Dongfang Heli Investment and Developement Ltd ("Dongfang Heli") [Member] | Equity Method Investee [Member] | Related Party [Member]

Cost

$ 513

$ 1,415

[1]	As of May 31, 2023 and 2024, the current amounts due from Metropolis, which is an entity acquired by a company wholly-owned by Mr. Yu, the chairman of the Company, were US$2,435 and US$1,399, respectively and the non-current amounts due from Metropolis were US$1,398 and US$3,130, respectively. Those represented prepaid rent related to a short-term lease and deposit for the building. As of May 31, 2023 and 2024, the right-of-use assets related to the leases rented from Metropolis were US$15,920 and US$11,696, respectively, and the relevant lease liabilities were US$15,723 and US$11,637, respectively.
[2]	For the year ended May 31, 2022, the Group provided the loans in aggregate of US$38,130 to Beijing MaxEn, an equity method investee of the Group. As of May 31, 2022, the outstanding balance of the loans was fully impaired.
[3]	In April 2016, the Group sold 51% of its equity interest in Dianshi Jingwei which became an equity method investee of the Group. In October 2021, the Group entered into a purchase agreement with Dianshi Jingwei for the purchase of learning devices of which $52,380 was further recorded as cost. In November 2022, the Company transferred all its equity interest in Dianshi Jingwei to the founder of Dianshi Jingwei and ceased the business cooperation aforementioned.
[4]	Although the Group can exercise significant influence over Edutainment World, the investment of preferred shares are with substantive liquidation rights and therefore not deemed in substance common shares, the investment of preferred shares was accounted for as investment without readily determinable fair values in accordance with ASC 321. For the year ended May 31, 2022, 2023 and 2024, the Group provided services to Edutainment World, from which the unpaid balance was US$4,086 and US$2,944 as of May 31, 2023 and 2024, respectively.

Business Acquisitions

12 Months Ended

May 31, 2024

Business Combinations [Abstract]

Business Acquisitions

3.	BUSINESS ACQUISITIONS

No business acquisition occurred in the fiscal year 2022 and 2024.

Business acquisition in the fiscal year 2023:

Tibet Tianli Education Technology Co., Ltd. (“Tibet Tianli”)

In December 2018, the Group invested US$4,344 in Tibet Tianli, a company engaged in developing educational products, for a 5.0% equity interests. In April 2020 and December 2020, the Group further subscribed 5.0% and 11.0% equity interests with consideration of US$6,516 and US$14,334, respectively. Before the acquisition, the Group held 17.4% of total equity interests in Tibet Tianli which accounted for as equity securities without readily determinable fair value as Tibet Tianli is as private company without readily determinable fair value. In September 2022, the Group subscribed 12.4% equity interests with a consideration of US$13,031, meanwhile acquired another 30.0% equity interests in Tibet Tianli from other four shareholders (“Sellers”) with a total consideration of US$19,547, in which US$9,773 had been paid during the year ended May 31, 2023.

The acquisition of 42.4% equity interest resulted in a step acquisition whereby the Group remeasured the fair value of its previously held equity interest in Tibet Tianli. The fair value of the equity interest previously held by the Group was measured at fair value using a discounted cash flow method and taking into account certain factors including the projection of discounted future cash flow and an appropriate discount rate.

According to the acquisition agreement of Tibet Tianli, under profit commitment arrangement for the time period September 2022 to August 2025, the Sellers are to return part of the consideration or transfer additional Tibet Tianli’s shares or the Company is to deliver cash to the founders of Tibet Tianli, if certain contingency is met. The Company records the contingent considerations at fair value on the acquisition date. The fair value is remeasured at each reporting date and changes in fair value are recorded in the consolidated statements of operations.

After this transaction, the Group holds 59.8% equity interests of Tibet Tianli. The acquisition was recorded using the acquisition method of accounting, accordingly, the acquired assets and liabilities were recorded at their fair value on the date of acquisition. The purchase price allocation was determined by the Group with the assistance of an independent appraiser. The purchase price was allocated on the date of acquisition as follows:


	US$			Amortization period
Cash and cash equivalents		4,568
Other current assets		33,906
Property and equipment		218			1-5 years
Intangible assets
Trademark		8,108			5 years
Copyright		2,317			5 years
Distribution channel		17,230			5 years
Goodwill		26,216
Other non-current assets		317
Other current liabilities		(13,411	)
Deferred tax liabilities		(2,489	)
Fair value of the 17.4% equity interests previously held		(13,395	)
Non-controlling interests		(31,007	)

Total		32,578

Other acquisition

During the year ended May 31, 2023, the Group also made other business acquisition.

The cash consideration of the other business acquisition amounted to US$9,556, which had been fully paid during the year ended May 31, 2023. The cash and cash equivalents, intangible assets, goodwill and

non-controlling

interests acquired from this business acquisition amounted to US$497, US$1,129, US$12,776 and US$1,652, respectively. The purchase price allocation were determined by the Group with the assistance of an independent appraiser.

Pro forma financial information is not presented for the business acquisition in the fiscal year 2023 as it is immaterial to the reported results.

Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2024	May 31, 2023
Current assets
Cash and cash equivalents	$ 1,389,359	$ 1,662,982
Restricted cash, current	177,411	110,892
Term deposits, current	1,320,167	855,784
Short-term investments	2,065,579	1,477,843
Accounts receivable, net of allowance of US$1,599 and US$1,034 as of May 31, 2023 and 2024, respectively	29,689	33,074
Inventory, net	92,806	52,689
Prepaid expenses and other current assets, net of allowance of US$691 and US$605 as of May 31, 2023 and 2024, respectively	309,464	211,240
Total current assets	5,388,878	4,413,887
Restricted cash, non-current	22,334	31,553
Term deposits, non-current	169,203	462,734
Property and equipment, net	507,981	359,760
Land use rights, net	4,450	3,321
Amounts due from related parties, non-current	7,273	1,735
Long-term deposits	38,161	26,492
Intangible assets, net	18,672	25,179
Goodwill, net	103,958	105,514
Long-term investments, net (including available-for-sale investment of US$159,588 and US$135,777 as of May 31, 2023 and 2024, respectively)	355,812	399,585
Deferred tax assets, non-current, net	72,727	55,933
Right-of-use assets	653,905	439,535
Other non-current assets	188,319	67,230
Total assets	7,531,673	6,392,458
Current liabilities
Accounts payable (including accounts payable of the consolidated variable interest entities without recourse to the Company of US$69,102 and US$105,174 as of May 31, 2023 and 2024, respectively)	105,681	69,764
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated variable interest entities without recourse to the Company of US$553,883 and US$738,409 as of May 31, 2023 and 2024, respectively)	774,805	569,437
Income taxes payable (including income taxes payable of the consolidated variable interest entities without recourse to the Company of US$64,890 and US$89,920 as of May 31, 2023 and 2024, respectively)	139,822	118,049
Deferred revenue (including deferred revenue of the consolidated variable interest entities without recourse to the Company of US$1,308,276 and US$1,775,102 as of May 31, 2023 and 2024, respectively)	1,780,063	1,337,630
Operating lease liabilities, current (including operating lease liabilities, current of the consolidated variable interest entities without recourse to the Company of US$149,127 and US$196,936 as of May 31, 2023 and 2024, respectively)	199,933	155,752
Total current liabilities	3,000,855	2,250,978
Deferred tax liabilities, non-current (including deferred tax liabilities, non-current of the consolidated variable interest entities without recourse to the Company of US$23,602 and US$19,188 as of May 31, 2023 and 2024, respectively)	19,407	23,849
Unsecured senior notes (including unsecured senior notes of the consolidated variable interest entities without recourse to the Company of nil and nil as of May 31, 2023 and May 31, 2024, respectively)	14,403	14,653
Operating lease liabilities, non-current (including operating lease liabilities, non-current of the consolidated variable interest entities without recourse to the Company of US$285,667 and US$443,117 as of May 31, 2023 and 2024, respectively)	447,994	288,190
Total liabilities	3,482,659	2,577,670
Commitments and contingencies (Note 20)
Equity
Common shares (US$0.001 par value; 3,000,000,000 shares authorized as of May 31, 2023 and 2024; 1,714,218,870 and 1,714,218,870 shares issued as of May 31, 2023 and 2024; 1,643,162,653 and 1,647,514,863 shares outstanding as of May 31, 2023 and 2024, respectively)	1,703	1,703
Treasury stock	(55)	(59)
Additional paid-in capital	1,869,953	1,939,585
Statutory reserves	485,753	464,662
Retained earnings	1,514,361	1,225,861
Accumulated other comprehensive loss	(95,781)	(27,404)
Total New Oriental Education & Technology Group Inc. shareholders' equity	3,775,934	3,604,348
Non-controlling interests	273,080	210,440
Total equity	4,049,014	3,814,788
Total liabilities and equity	7,531,673	6,392,458
Related Party [Member]
Current assets
Amounts due from related parties, current	4,403	9,383
Current liabilities
Amounts due to related parties (including amounts due to related parties of the consolidated variable interest entities without recourse to the Company of US$346 and US$551 as of May 31, 2023 and 2024, respectively)	$ 551	$ 346

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Depreciation expense	$ 100,646	$ 117,036	$ 192,291

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

May 31, 2024

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current

liabilities

consisted of the following:


	As of May 31,
	2023		2024
	US$		US$
Accrued payroll		277,020		387,927
Refund liability (a)		138,549		167,369
Payable for purchase of property and equipment		27,093		36,136
Amounts reimbursable to employees (b)		15,437		29,965
Accrued advertising fees		14,426		23,035
Advance payment from students (c)		19,323		20,298
VAT payable		12,300		17,920
Payment to merchant (d)		—		16,772
Welfare payable		9,294		11,682
Payable for investments and acquisitions		9,531		9,885
Royalty fees payable (e)		7,568		8,640
Refundable deposits (f)		5,825		8,004
Rent payable		6,124		6,283
Other taxes payable		5,095		3,371
Accrued professional service fees		2,824		1,709
Others (g)		19,028		25,809

Total		569,437		774,805

(a)	The refund liability is recognized for variable amount of the considerations received from the customers and recorded as refund liability as described in Note 2.

(b)	Amounts reimbursable to employees include travelling and business related expenses.

(c)	Advance payment from students represent (1) the miscellaneous expenses other than tuition fee prepaid by students which will be paid out on their behalf; and (2) advance payment prepaid by students for class enrollment.

(d)	Payment to merchant represents cash received from consumers and deposited in a special bank account reserved for payments to merchants.

(e)	Royalty fees payable relate to payments to content providers for on-line learning programs and those to counterparties for copyrights and resource sharing.

(f)	Refundable deposits represent student deposits for dormitory or other fees that will be refunded upon graduation and student security deposits refunded upon completion of the study tour.

(g)	Others primarily include transportation expenses, utility fees, property management fees and other miscellaneous expenses payable.

Related-Parties Transactions (Tables)

12 Months Ended

May 31, 2024

Balances and Transaction with Related Parties

The Group had the following significant balances and transactions with major related parties:

(a)

Amount due from/to related parties:


			Amounts due from related parties, current As of May 31,				Amounts due to related parties, current As of May 31,
	Notes	Relationship	2023		2024		2023		2024
			US$		US$		US$		US$
Metropolis Holding China Limited (“Metropolis”)	(1)	Company controlled by Mr. Yu		2,435		1,399		236		313
Beijing Edutainment World Education Technology Co., Ltd. (“Edutainment World”)	(2)	Long-term investee		4,086		2,944		18		238
Others				2,862		60		92		—

Total				9,383		4,403		346		551


				Amounts due from related parties, non-current As of May 31,
	Notes		Relationship	2023		2024
				US$		US$
Metropolis		(1)	Company controlled by Mr. Yu		1,398		3,130
Others					337		4,143

Total					1,735		7,273

(b)

Transactions:


			Rental expenses For the years ended May 31,
			2022		2023		2024
			US$		US$		US$
Metropolis	(1)	Company controlled by Mr. Yu		11,590		8,387		10,896


			Revenues For the years ended May 31,
			2022		2023		2024
			US$		US$		US$
Edutainment World	(2)	Long -term investee		—		2,098		251
Others				41		—		—

Total				41		2,098		251


			Loans provided to related parties For the years ended May 31,
			2022		2023		2024
			US$		US$		US$
Dianshi Jingwei	(3)	Equity method investee		3,096		—		—
Beijing MaxEn International Education Consulting Company Limited (“Beijing MaxEn”)	(4)	Equity method investee		38,130		—		—
Others				—		2,387		1,388

Total				41,226		2,387		1,388


			Cost For the years ended May 31,
			2022		2023		2024
			US$		US$		US$
Dianshi Jingwei	(3)	Equity method investee		52,380		—		—
Beijing Dongfang Heli Investment and Development Ltd (“Dongfang Heli”)		Equity method investee		1,415		513		—
Edutainment World	(2)	Long-term investee		186		1,253		48
Others				714		—		—

Total				54,695		1,766		48

(1)

As of May 31, 2023 and 2024, the current amounts due from Metropolis, which is an entity acquired by a company wholly-owned by Mr. Yu, the chairman of the Company, were US$2,435 and US$1,399, respectively and the

non-current

amounts due from Metropolis were US$1,398 and US$3,130, respectively. Those represented prepaid rent related to a short-term lease and deposit for the building. As of May 31, 2023 and 2024, the

right-of-use

assets related to the leases rented from Metropolis were US$15,920 and US$11,696, respectively, and the relevant lease liabilities were US$15,723 and US$11,637, respectively.

(2)

Although the Group can exercise significant influence over Edutainment World, the preferred shares with substantive liquidation rights

are

not deemed in substance common shares

Accordingly

the

Group’s

investment

preferred shares was accounted for as investment without readily determinable fair values in accordance with ASC 321.

For the year ended May 31, 2022, 2023 and 2024, the Group provided services to Edutainment World, from which the unpaid balance was

US$4,086 and US$2,944 as of May 31, 2023 and 2024, respectively.

(3)

In April 2016, the Group sold 51% of its equity interest in Dianshi Jingwei which became an equity method investee of the Group. In October 2021, the Group entered into a purchase agreement with Dianshi Jingwei for the purchase of learning devices of which $52,380 was further recorded as cost. In November 2022, the Company transferred all its equity interest in Dianshi Jingwei to the founder of Dianshi Jingwei and ceased the business cooperation aforementioned.

(4)

For the year ended May 31, 2022, the Group provided the loans in aggregate of US$38,130 to Beijing MaxEn, an equity method investee of the Group. As of May 31, 2022, the outstanding balance of the loans was fully impaired.

Statutory Reserves - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Statutory Accounting Practices [Line Items]
Percentage allocation of profits to general reserves	10.00%
Registered capital	50.00%
Accrued for general reserve	$ 4,162	$ 3,620	$ 2,828
Percentage allocation of profits to development fund	25.00%
Group transfers to the statutory reserves	$ 21,091	16,842	316
Profit private school minimum appropriations of audited annual net income	10.00%
Non-profit private school minimum appropriations of audited annual increase in the unrestricted net assets of the school	10.00%
Development fund [Member]
Statutory Accounting Practices [Line Items]
Appropriations to reserves	$ 16,929	$ 13,222	$ 2,512

Long Term Investments, Net - Schedule of Long Term Investments, Net (Detail) - USD ($)
$ in Thousands

May 31, 2024

May 31, 2023

Schedule of Equity Method Investments [Line Items]

Equity securities with readily determinable fair value

$ 25,027

$ 6,291

Equity securities without readily determinable fair value

23,659

38,135

Long term investments

355,812

399,585

Equity Method Investments [Member]

Schedule of Equity Method Investments [Line Items]

Long term investments

171,349

195,571

Available for sale securities investments [Member]

Schedule of Equity Method Investments [Line Items]

Long term investments

135,777

159,588

Sunlands [Member]

Schedule of Equity Method Investments [Line Items]

Equity securities with readily determinable fair value

^[1]

8,091

3,588

GNet Cloud Service [Member]

Schedule of Equity Method Investments [Line Items]

Equity securities without readily determinable fair value

^[2]

14,065

EEO Education Tech [Member]

Schedule of Equity Method Investments [Line Items]

Equity securities without readily determinable fair value

^[3]

9,312

VM EDU Fund [Member]

Schedule of Equity Method Investments [Line Items]

Long term investments

^[4]

51,383

66,331

Golden Finance [Member] | Available for sale securities investments [Member]

Schedule of Equity Method Investments [Line Items]

Long term investments

52,130

76,115

Uhozz [Member] | Available for sale securities investments [Member]

Schedule of Equity Method Investments [Line Items]

Long term investments

^[5]

17,890

Happy Seed Cayman Ltd [Member] | Available for sale securities investments [Member]

Schedule of Equity Method Investments [Line Items]

Long term investments

^[6]

20,183

New Oriental Education Industry Fund [Member] | Equity Method Investments [Member]

Schedule of Equity Method Investments [Line Items]

Long term investments

^[7]

44,272

76,369

Other investments [Member]

Schedule of Equity Method Investments [Line Items]

Equity securities with readily determinable fair value

1,096

2,703

Equity securities without readily determinable fair value

^[3],[8]

14,347

14,758

Other investments [Member] | Equity Method Investments [Member]

Schedule of Equity Method Investments [Line Items]

Long term investments

^[9]

33,933

52,871

Other investments [Member] | Available for sale securities investments [Member]

Schedule of Equity Method Investments [Line Items]

Long term investments

^[10]

45,574

$ 45,400

Mobvoi Inc. ("Mobvoi") [Member]

Schedule of Equity Method Investments [Line Items]

Equity securities with readily determinable fair value

^[11]

15,840

Equity Method Investments [Member] | Thaiwoo Enterprise Management Co., Ltd [Member]

Schedule of Equity Method Investments [Line Items]

Long term investments

^[12]

$ 41,761

[1]	For the years ended May 31, 2022, 2023 and 2024, with the fluctuation of stock price of Sunlands, losses of US$10,467, US$1,883 and gain of US$4,503 were recorded in (Loss)/gain from fair value change of investments on the Group’s consolidated statements of operations, respectively.
[2]	In August 2020, the Group acquired 3% equity interests in G-Net, a company engaged in the business of audio and web conferencing services. The Group accounted for the investment as equity securities without readily determinable fair value as G-Net is a private company without readily determinable fair value. For the years ended May 31, 2022, 2023 and 2024, nil, nil and US$13,956 impairment loss was recorded from this investment.
[3]	In April 2017, the Group acquired 10% equity interests in EEO, a company engaged in the business of developing on-line classroom product. The Group accounted for the investment as equity securities without readily determinable fair value as EEO is a private company without readily determinable fair value. For the years ended May 31, 2022, 2023 and 2024, no impairment loss was recorded from this investment.
[4]	In June 2019, VM EDU Fund I, LP., a market-driven investment entity, was established. The Group participates in VM EDU Fund I, LP. as a limited partner and invested US$51,383 in VM EDU Fund I, LP. as of May 31, 2024. The Group accounts for the investment under the equity method in accordance with Equity Method of Accounting (“ASC 323”), because the Group is a limited partner and owns 49.7% interest in VM EDU Fund I, LP.
[5]	In May 2015, the Group invested in Uhozz, a company providing oversea rental agency services, for a 10.0% equity interests with redemption and liquidation preferences. In March 2018, the Group further subscribed to 15.2% series B preferred shares. The Group accounted for the investment as available-for-sale investments since the investee’s preferred shares held are redeemable and determined to be debt securities and measured at fair value.
[6]	In August 2019, the Group invested 6.4% equity interests in Happy Seed, a company engaged in cultivating logical thinking skill. In September 2020, the Group further subscribed additional 1.6% equity interests. The Group accounts for the investment as available-for-sale investments since the investee’s preferred shares held are redeemable and determined to be debt securities and measured at fair value.
[7]	In July 2018, Education Industry Fund was established. There are two general partners in the fund, which include an entity invested by Mr. Yu and an unrelated third party. The Group participates in Education Industry Fund as a limited partner and invested US$44,272 in Education Industry Fund as of May 31, 2024. The Group accounts for the investment under the equity method in accordance with ASC 323, because the Group is a limited partner and owns 36.3% interest in Education Industry Fund.
[8]	The Group holds several insignificant investments in third-party private companies and has no ability to exercise significant influence over the investees. Those investments were accounted for using the measurement alternative when there is no readily determinable fair value for the investments. The Group recorded US$24,354, nil and US$4,358 impairment loss on these investments for the years ended May 31, 2022, 2023 and 2024, respectively.
[9]	The Group holds from 6.9% to 40.0% equity interests in other 7 third-party companies through investments in their common shares or in-substance common shares as of May 31, 2024. The Group accounts for these investments under the equity method because the Group has the ability to exercise significant influence but does not have control over the investees. For the years ended May 31, 2022, 2023 and 2024, the Group recorded impairment loss of US$48,417, US$3,892 and nil, respectively.
[10]	Other available-for-sale investments represent several insignificant individual investments classified as available-for-sale investments as of May 31, 2022, 2023 and 2024. Realized gains of US$18,068, nil and nil were recorded in realized gain from long-term investments for the years ended May 31, 2022, 2023 and 2024, respectively. The Group recorded US$46,442, US$2,901 and US$11,693 impairment loss on these investments for the years ended May 31, 2022, 2023 and 2024, respectively.
[11]	In September 2020, the Group invested 2.3% equity interests in Mobvoi, a company engaged in providing AI-generated content solutions, AI enterprise solutions, smart devices and accessories with generative AI and voice interaction technologies. The Group accounted for the investment as equity securities without readily determinable fair value as Mobvoi is a private company without readily determinable fair value. On April 24, 2024, Mobvoi completed Initial Public Offering (“IPO”) on the Stock Exchange of Hong Kong Limited, and the Group started to account for the investment as equity securities with readily determinable fair value. For the year ended May 31, 2024, the fair value change related to the investment in Mobvoi Inc. was US$12,760.
[12]	In January 2024, the Group invested in Thaiwoo Management, a company engaged in the business of real estate and ski resort operation, with a consideration of US$55,574. The Group accounts for the investment under the equity method in accordance with ASC 323 because the Group has significant influence and owns 35.0% interest in Thaiwoo Management.

Intangible Assets, Net (Tables)

12 Months Ended

May 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets, Net

Intangible assets, net, consisted of the following:


	As of May 31,
	2023			2024
	US$			US$
Intangible assets with indefinite lives:
Trademark		230			226
Intangible assets with finite lives:
Trademark		16,221			16,005
Courseware		1,214			1,192
Student base		12,059			11,935
Favorable lease		660			648
License		415			415
Copyright		2,250			2,210
Distribution channel		16,737			16,434

		49,786			49,065

Less: accumulated amortization		(25,555	)		(31,648	)
Exchange differences		948			1,255

		25,179			18,672

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	May 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Cash flows from operating activities
Net (loss)/income	$ 325,218	$ 235,363	$ (1,220,276)
Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities
Depreciation of property and equipment	100,646	117,036	192,291
Amortization of intangible assets	6,093	5,583	1,933
Amortization of land use rights	81	84	205
Loss on disposal of property and equipment		2,167
Loss on deconsolidation of subsidiaries			79,609
Impairment loss from long-term investments	30,007	8,056	129,350
Impairment loss from other long-lived assets			435,662
Realized gain from disposal of long-term investments	(185)		(22,004)
Loss/(gain) from fair value change of investments	(19,025)	860	14,933
Share-based compensation expenses	122,458	89,788	132,968
Allowance for doubtful accounts	(612)	747	(81)
Loss from equity method investments	58,933	7,102	51,466
Deferred income taxes	(21,231)	(31,528)	89,565
Amortization of discounts and issuance costs of the unsecured senior notes		221	465
Gain from extinguishment of debt		(2,347)	(12,579)
Return on investment from an equity method investee	1,386
Changes in operating assets and liabilities
Accounts receivable	3,339	(3,870)	(8,113)
Inventory	(41,214)	(21,899)	1,820
Prepaid expenses and other current assets	(108,630)	(17,744)	42,144
Amounts due from related parties	(48)	14,243	(22,918)
Long-term deposits	(12,191)	5,006	23,007
Right-of-use assets	(223,101)	60,474	1,268,055
Accounts payable	37,793	44,048	(15,122)
Accrued expenses and other current liabilities	160,036	83,394	(315,830)
Income taxes payable	21,723	41,653	2,179
Amounts due to related parties	211	138	3,713
Deferred revenue	468,197	469,339	(925,048)
Operating lease liabilities	212,759	(136,906)	(1,207,847)
Net cash (used in)/provided by operating activities	1,122,643	971,008	(1,280,453)
Cash flows from investing activities
Purchase of term deposits	(981,153)	(1,236,849)	(360,633)
Proceeds from maturity of term deposits	801,626	1,031,420	307,722
Payments for short-term investments	(2,626,749)	(2,074,896)	(540,834)
Proceeds from maturity of short-term investments	2,013,408	2,397,622	2,040,999
Purchase of property and equipment	(249,393)	(143,045)	(150,738)
Proceeds from disposal of property and equipment	423	1,323	5,387
Payments for long-term investments	(77,892)	(13,597)	(82,082)
Proceeds from disposal of long-term investments	1,191		12,350
Business acquisitions, net of cash acquired of nil, US$5,065 and nil for the years ended May 31, 2022, 2023 and 2024, respectively (Note 3)		886
Prepayment for land use rights (Note 19)	(33,995)
Proceeds from disposal of land use rights		2,112	4,990
Loans provided to related parties	(1,388)	(2,387)	(41,226)
Repayment of loans provided to related parties			6,510
Deconsolidation of subsidiaries			(33,913)
Net cash provided by/(used in) investing activities	(1,153,922)	(37,411)	1,168,532
Cash flows from financing activities
Proceeds from issuances of common shares upon exercise of share options	3,931	12,878	175
Cash paid for shares repurchase	(62,943)	(191,628)
Cash paid for employees' individual income taxes on withheld shares from exercise of NES	(16,721)	(2,174)	(7,956)
Payments made after business acquisitions		(17,179)
Repurchase of unsecured senior notes	(240)	(48,764)	(221,997)
Purchase of non-controlling interests	(84,465)
Other financing activities			(1,080)
Net cash used in financing activities	(160,438)	(246,867)	(230,858)
Effects of exchange rate changes	(24,606)	(75,830)	(94,821)
Net change in cash, cash equivalents and restricted cash	(216,323)	610,900	(437,600)
Cash, cash equivalents and restricted cash at beginning of year	1,805,427	1,194,527	1,632,127
Cash, cash equivalents and restricted cash at end of year	1,589,104	1,805,427	1,194,527
Supplement disclosure of cash flow information:
Income taxes paid	109,154	55,195	53,049
Interests paid	355	798	5,048
Non-cash investing and financing activities
Payable for investments and acquisitions	9,885	9,531	1,097
Payable for purchase of property and equipment	$ 36,136	$ 27,093	$ 27,240

Goodwill, Net - Schedule of Goodwill, Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning balance	$ 141,299	$ 106,588
Acquisition	0	38,992
Exchange differences	(1,556)	(4,281)
Ending balance	139,743	141,299
Accumulated impairment	(35,785)	(35,785)
Goodwill, net	$ 103,958	$ 105,514

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

Goodwill, Net

12 Months Ended

May 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Net

9.	GOODWILL, NET

Goodwill, net, consisted of the following:


	As of May 31,
	2023			2024
	US$			US$
Beginning balance		106,588			141,299
Acquisition		38,992			—
Exchange differences		(4,281	)		(1,556	)

Ending balance		141,299			139,743
Accumulated impairment		(35,785	)		(35,785	)

Goodwill, net		105,514			103,958

The Group performed its annual goodwill impairment testing at the end of each reporting period or more frequently if events or changes in circumstances indicate that it might be impaired. In its goodwill impairment assessment, the Group concluded that the fair value of reporting units exceeded their carrying amounts and recorded no impairment losses for the years ended May 31, 2022, 2023 and 2024, respectively. The Group determined the fair value of the reporting units by using the income approach with significant unobservable inputs.

Property and Equipment, Net (Tables)

12 Months Ended

May 31, 2024

Property, Plant and Equipment [Abstract]

Summary of Property and Equipment, Net

Property and equipment, net, consisted of the following:


	As of May 31,
	2023			2024
	US$			US$
Buildings		156,017			270,968
Transportation equipment		6,366			6,064
Furniture and education equipment		118,936			142,622
Computer equipment and software		129,119			167,515
Leasehold improvements		293,236			347,415
Construction in progress		48,216			24,285

		751,890			958,869

Less: accumulated depreciation		(401,687	)		(467,678	)
Less: accumulated impairment loss		(14	)		—
Exchange differences		9,571			16,790

		359,760			507,981

Goodwill, Net (Tables)

12 Months Ended

May 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill, Net

Goodwill, net, consisted of the following:


	As of May 31,
	2023			2024
	US$			US$
Beginning balance		106,588			141,299
Acquisition		38,992			—
Exchange differences		(4,281	)		(1,556	)

Ending balance		141,299			139,743
Accumulated impairment		(35,785	)		(35,785	)

Goodwill, net		105,514			103,958

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Land Use Rights, Net - Land Use Rights, Net (Detail) - USD ($) $ in Thousands	May 31, 2024	May 31, 2023
Real Estate [Abstract]
Land use rights	$ 5,031	$ 3,831
Less: accumulated amortization	(639)	(558)
Exchange differences	58	48
Land use rights, net	$ 4,450	$ 3,321

Share-Based Compensation - Movements of share options under the Koolearn Pre IPO Share Option Scheme (Detail) - Koolearn pre ipo share option scheme [Member]	12 Months Ended
	May 31, 2024 $ / shares shares
Number of share option outstanding, Beginning balance \| shares	27,084,385
Number of share option, Exercised \| shares	(1,143,500)
Number of share option outstanding, Ending balance \| shares	25,940,885
Number of share option, Options vested and expected to vest \| shares	25,940,885
Number of share option Exercisable \| shares	25,940,885
Weighted average exercise prices, Options outstanding, Beginning balance \| $ / shares	$ 1.13
Weighted average exercise prices, Exercised \| $ / shares	1.13
Weighted average exercise prices, Options outstanding, Ending balance \| $ / shares	1.13
Weighted average exercise prices, Options vested and expected to vest \| $ / shares	1.13
Weighted average exercise price per option Exercisable \| $ / shares	$ 1.13

Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands

Total

Common Shares [Member]

Additional Paid-in Capital [Member]

Treasury Stock [Member]

Accumulated other comprehensive (loss)/income [Member]

Statutory Reserves [Member]

Retained Earnings [Member]

Total New Oriental Education & Technology Group Inc. Shareholders' Equity [Member]

Non-controlling Interests [Member]

Balance at May. 31, 2021

$ 5,018,176

$ 1,690

$ 1,948,884

$ 261,798

$ 447,504

$ 2,253,399

$ 4,913,275

$ 104,901

Balance, shares at May. 31, 2021

1,690,082,150

Vested NES

$ 7

(7)

Vested NES (Shares)

6,884,033

Share-based compensation expenses

132,968

118,487

14,481

Exercise of share options in East Buy

175

Transfer to statutory reserves

316

(316)

Net income/ (loss)

(1,220,276)

(1,187,721)

(32,555)

Foreign currency translation adjustment

(118,872)

(119,888)

1,016

Unrealized gain/(loss) on available-for-sale investments, net of tax effect

(12,896)

Loss on sales of restricted shares

(5,751)

Balance at May. 31, 2022

3,793,524

$ 1,697

2,061,613

$ 0

129,014

447,820

1,065,362

3,705,506

88,018

Balance, shares at May. 31, 2022

1,696,966,183

Shares repurchase

(191,628)

(191,569)

$ (59)

(191,628)

Shares repurchase, shares

^[1]

(59,463,140)

59,463,140

Vested NES

$ 6

(6)

Vested NES (Shares)

5,659,610

Share-based compensation expenses

89,788

69,547

20,241

Transfer to statutory reserves

16,842

(16,842)

Net income/ (loss)

235,363

177,341

58,022

Foreign currency translation adjustment

(155,517)

(154,139)

(1,378)

Unrealized gain/(loss) on available-for-sale investments, net of tax effect

(2,279)

Non-controlling interests recognized through business acquisitions (Note 3)

32,659

Exercise of share options in East Buy

12,878

Balance at May. 31, 2023

$ 3,814,788

$ 1,703

1,939,585

$ (59)

(27,404)

464,662

1,225,861

3,604,348

210,440

Balance, shares at May. 31, 2023

1,714,218,870

1,643,162,653

59,463,140

Shares repurchase

$ (62,943)

(62,935)

$ (8)

(62,943)

Shares repurchase, shares

^[1]

(7,839,430)

7,839,430

Purchase of non-controlling interests (Note 2)

(84,465)

(57,357)

(27,108)

Vested NES

$ 0

(12)

$ 12

Vested NES (Shares)

12,191,640

Share-based compensation expenses

122,458

50,672

71,786

Transfer to statutory reserves

21,091

(21,091)

Net income/ (loss)

325,218

309,591

15,627

Foreign currency translation adjustment

(51,130)

(49,534)

(1,596)

Unrealized gain/(loss) on available-for-sale investments, net of tax effect

(18,843)

Exercise of share options in East Buy

3,931

Balance at May. 31, 2024

$ 4,049,014

$ 1,703

$ 1,869,953

$ (55)

$ (95,781)

$ 485,753

$ 1,514,361

$ 3,775,934

$ 273,080

Balance, shares at May. 31, 2024

1,714,218,870

1,647,514,863

55,110,930

[1]

Income Taxes - Components of Group's Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	May 31, 2024	May 31, 2023	May 31, 2022
Deferred tax assets
Allowance for doubtful accounts	$ 26,435	$ 37,424
Accrued expenses	79,053	56,716
Net operating loss carry-forward	257,637	324,355
Tax impact from the long-term investments disposed to a related party	0	1,521
Total deferred tax assets	363,125	420,016
Less: valuation allowance	(290,398)	(364,083)	$ (397,616)
Total deferred tax assets, net	72,727	55,933
Deferred tax liabilities
Acquired assets	3,462	4,523
Tax impact from the unrealized gain on long-term investments	15,945	19,326
Total deferred tax liabilities	$ 19,407	$ 23,849

Related-Parties Transactions

12 Months Ended

May 31, 2024

Related-Parties Transactions

19.	RELATED-PARTIES TRANSACTIONS

The Group had the following significant balances and transactions with major related parties:

(a)

Amount due from/to related parties:


			Amounts due from related parties, current As of May 31,				Amounts due to related parties, current As of May 31,
	Notes	Relationship	2023		2024		2023		2024
			US$		US$		US$		US$
Metropolis Holding China Limited (“Metropolis”)	(1)	Company controlled by Mr. Yu		2,435		1,399		236		313
Beijing Edutainment World Education Technology Co., Ltd. (“Edutainment World”)	(2)	Long-term investee		4,086		2,944		18		238
Others				2,862		60		92		—

Total				9,383		4,403		346		551


				Amounts due from related parties, non-current As of May 31,
	Notes		Relationship	2023		2024
				US$		US$
Metropolis		(1)	Company controlled by Mr. Yu		1,398		3,130
Others					337		4,143

Total					1,735		7,273

(b)

Transactions:


			Rental expenses For the years ended May 31,
			2022		2023		2024
			US$		US$		US$
Metropolis	(1)	Company controlled by Mr. Yu		11,590		8,387		10,896


			Revenues For the years ended May 31,
			2022		2023		2024
			US$		US$		US$
Edutainment World	(2)	Long -term investee		—		2,098		251
Others				41		—		—

Total				41		2,098		251


			Loans provided to related parties For the years ended May 31,
			2022		2023		2024
			US$		US$		US$
Dianshi Jingwei	(3)	Equity method investee		3,096		—		—
Beijing MaxEn International Education Consulting Company Limited (“Beijing MaxEn”)	(4)	Equity method investee		38,130		—		—
Others				—		2,387		1,388

Total				41,226		2,387		1,388


			Cost For the years ended May 31,
			2022		2023		2024
			US$		US$		US$
Dianshi Jingwei	(3)	Equity method investee		52,380		—		—
Beijing Dongfang Heli Investment and Development Ltd (“Dongfang Heli”)		Equity method investee		1,415		513		—
Edutainment World	(2)	Long-term investee		186		1,253		48
Others				714		—		—

Total				54,695		1,766		48

Note: In June 2023 and February 2024, the Company acquired 9.09% and 90.91% of the sponsorship interest in Beijing Changping District Miaofeng Academy Training School (“Beijing Miaofeng”), held by Mr. Yu, for a consideration of US$

13.8

and US$

138.1

respectively. In connection with the acquisition, the Company provided a loan with a principal amount of US$

36.2

million to Beijing Miaofeng primarily for obtaining a land use right that is in the process of registration application by Beijing Miaofeng for the Company’s future operational use. The Company has become the sole sponsor of Beijing Miaofeng since February 2024 and therefore Beijing Miaofeng has since ceased to be a related party.

(1)

non-current

amounts due from Metropolis were US$1,398 and US$3,130, respectively. Those represented prepaid rent related to a short-term lease and deposit for the building. As of May 31, 2023 and 2024, the

right-of-use

assets related to the leases rented from Metropolis were US$15,920 and US$11,696, respectively, and the relevant lease liabilities were US$15,723 and US$11,637, respectively.

(2)

Although the Group can exercise significant influence over Edutainment World, the preferred shares with substantive liquidation rights

are

not deemed in substance common shares

Accordingly

the

Group’s

investment

preferred shares was accounted for as investment without readily determinable fair values in accordance with ASC 321.

For the year ended May 31, 2022, 2023 and 2024, the Group provided services to Edutainment World, from which the unpaid balance was

US$4,086 and US$2,944 as of May 31, 2023 and 2024, respectively.

(3)

(4)

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Subsequent Events - Additional Information (Detail) - USD ($)	Aug. 19, 2024	Aug. 06, 2024	Jul. 25, 2024	Jul. 26, 2022	May 31, 2019
Subsequent Event [Line Items]
Stock repurchase program, authorized amount		$ 700,000,000		$ 400,000,000
Investment ownership interest					7.20%
Subsequent Event [Member]
Subsequent Event [Line Items]
Stock repurchase program, authorized amount			$ 700,000,000
Share repurchase programm effective date of expiry		May 31, 2025
Subsequent Event [Member] \| S2024Q3Dividends [Member]
Subsequent Event [Line Items]
Dividend per share declared	$ 0.6
Dividend record date	Sep. 09, 2024
Dividend common stock cash	$ 100,000,000
Wholly Owned Subsidiary Of East Buy [Member] \| Employee of the Company and Senior Management of the Subsidiary [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Undistributed profits distributable			$ 17,910
Mr Dong [Member] \| Subsequent Event [Member] \| Disposal Agreement [Member]
Subsequent Event [Line Items]
Investment ownership interest			100.00%
Proceeds From Sale Of Equity Method Invstments			$ 10,576,000

Organization and Principal Activities - Balances and Amounts of Company's WFOEs and VIEs (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Variable Interest Entities [Line Items]
Total current assets	$ 5,388,878	$ 4,413,887
Total assets	7,531,673	6,392,458	$ 6,034,666
Total current liabilities	3,000,855	2,250,978
Total liabilities	3,482,659	2,577,670
Net revenues	4,313,586	2,997,760	3,105,246
Net (loss)/income/	309,591	177,341	(1,187,721)
Net cash (used in)/provided by operating activities	1,122,643	971,008	(1,280,453)
Net cash provided by/(used in) investing activities	(1,153,922)	(37,411)	1,168,532
Net cash used in financing activities	(160,438)	(246,867)	(230,858)
Variable interest entities (VIEs) [Member]
Variable Interest Entities [Line Items]
Total current assets	3,022,740	2,366,136
Total non-current assets	1,663,719	1,218,363
Total assets	4,686,459	3,584,499
Total current liabilities	2,906,092	2,145,624
Total non-current liabilities	462,305	309,269
Total liabilities	3,368,397	2,454,893
Net revenues	4,280,056	2,982,945	3,093,340
Net (loss)/income/	606,139	593,183	(1,116,151)
Net cash (used in)/provided by operating activities	1,310,909	965,336	(1,227,712)
Net cash provided by/(used in) investing activities	(1,234,725)	294,911	1,174,720
Net cash used in financing activities	$ (16,721)	$ (19,353)	$ 0

Net Income/(Loss) Per Share - Computation of Basic and Diluted Net Income/(Loss) Per Share (Detail) - USD ($)
$ / shares in Units, $ in Thousands

12 Months Ended

May 31, 2024

May 31, 2023

May 31, 2022

Numerator:

Net income/(loss) attributable to New Oriental Education & Technology Group Inc.'s shareholders - basic

$ 309,591

$ 177,341

$ (1,187,721)

Net income/(loss) attributable to New Oriental Education & Technology Group Inc.'s shareholders - diluted

$ 308,443

$ 173,732

$ (1,187,721)

Denominator

Weighted average common shares outstanding basic

1,653,597,432

1,678,264,547

1,696,419,232

Plus: incremental weighted average common shares from assumed vesting of NES using the treasury stock method

15,902,520

7,367,440

Weighted average common shares outstanding diluted

1,669,499,952

1,685,631,987

1,696,419,232

Net income/(loss) per common share

- Basic

$ 0.19

$ 0.11

$ (0.7)

- Diluted

^[1]

$ 0.18

$ 0.1

$ (0.7)

[1]

Segment Information (Tables)

12 Months Ended

May 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

For the year ended May

31, 2022


	Educational services and test preparation courses			Private label products and livestreaming e-commerce			Overseas study consulting services			Others			Consolidated
	US$			US$			US$			US$			US$
Net revenues		2,669,020			3,003			325,901			107,322			3,105,246
Operating cost and expenses:
Cost of revenues		(1,508,412	)		(2,476	)		(165,673	)		(77,730	)		(1,754,291	)
Selling and marketing		(346,508	)		(6,264	)		(72,847	)		(30,494	)		(456,113	)
General and administrative		(1,362,285	)		(18,818	)		(61,258	)		(63,859	)		(1,506,220	)
Unallocated corporate expenses		—			—			—			—			(371,135	)

Total operating cost and expenses		(3,217,205	)		(27,558	)		(299,778	)		(172,083	)		(4,087,759	)
Operating (loss)/income		(548,185	)		(24,555	)		26,123			(64,761	)		(982,513	)

Segment assets		2,262,594			277,848			177,821			4,381			2,722,644

Unallocated corporate assets		—			—			—			—			3,312,022

Total assets		2,262,594			277,848			177,821			4,381			6,034,666

For the year ended May

31, 2023


	Educational services and test preparation courses			Private label products and livestreaming e-commerce			Overseas study consulting services			Others			Consolidated
	US$			US$			US$			US$			US$
Net revenues		1,914,865			557,508			354,764			170,623			2,997,760
Operating cost and expenses:
Cost of revenues		(793,423	)		(345,211	)		(179,284	)		(91,520	)		(1,409,438	)
Selling and marketing		(261,606	)		(45,611	)		(80,528	)		(45,657	)		(433,402	)
General and administrative		(519,765	)		(34,238	)		(61,861	)		(65,725	)		(681,589	)
Unallocated corporate expenses		—			—			—			—			(283,285	)

Total operating cost and expenses		(1,574,794	)		(425,060	)		(321,673	)		(202,902	)		(2,807,714	)
Operating income/(loss)		340,071			132,448			33,091			(32,279	)		190,046

Segment assets		1,728,371			282,558			109,422			149,017			2,269,368

Unallocated corporate assets		—			—			—			—			4,123,090

Total assets		1,728,371			282,558			109,422			149,017			6,392,458

For the year ended May

31, 2024


	Educational services and test preparation courses			Private label products and livestreaming e-commerce			Overseas study consulting services			Others			Consolidated
	US$			US$			US$			US$			US$
Net revenues		2,716,174			900,614			439,744			257,054			4,313,586
Operating cost and expenses:
Cost of revenues		(1,027,889	)		(677,270	)		(214,602	)		(131,199	)		(2,050,960	)
Selling and marketing		(348,121	)		(124,975	)		(92,865	)		(77,785	)		(643,746	)
General and administrative		(755,074	)		(77,626	)		(57,204	)		(75,657	)		(965,561	)
Unallocated corporate expenses		—			—			—			—			(302,894	)

Total operating cost and expenses		(2,131,084	)		(879,871	)		(364,671	)		(284,641	)		(3,963,161	)
Operating income/(loss)		585,090			20,743			75,073			(27,587	)		350,425
Segment assets		2,217,342			831,620			119,725			486,305			3,654,992

Unallocated corporate assets		—			—			—			—			3,876,681

Total assets		2,217,342			831,620			119,725			486,305			7,531,673

Intangible Assets, Net

12 Months Ended

May 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

8.	INTANGIBLE ASSETS, NET

Intangible assets, net, consisted of the following:


	As of May 31,
	2023			2024
	US$			US$
Intangible assets with indefinite lives:
Trademark		230			226
Intangible assets with finite lives:
Trademark		16,221			16,005
Courseware		1,214			1,192
Student base		12,059			11,935
Favorable lease		660			648
License		415			415
Copyright		2,250			2,210
Distribution channel		16,737			16,434

		49,786			49,065

Less: accumulated amortization		(25,555	)		(31,648	)
Exchange differences		948			1,255

		25,179			18,672

Amortization expenses for the intangible assets for the years ended May 31, 2022, 2023 and 2024, were US$1,933, US$5,583 and US$6,093, respectively. As of May 31, 2024, the Group expects to recognize amortization expenses of US$5,725, US$5,696, US$5,614, US$1,360, and US$22, for the next five years, respectively, and US$29 thereafter.

Commitments and Contingencies (Tables)

12 Months Ended

May 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Future Minimum Capital Commitments under Non-Cancelable Construction and Investments

As of May 31, 2024, the future minimum capital commitments were as follows:


	US$
Capital commitment for the purchase of property and equipment		2,488
Capital commitment for leasehold improvements		22,713

Total		25,201

Significant Accounting Policies (Policies)

12 Months Ended

May 31, 2024

Accounting Policies [Abstract]

Basis of presentation

The consolidated financial statements of the Group have been prepared in accordance with the accounting principles generally accepted in the United States of America (“US GAAP”).

Basis of consolidation

Activities-The

VIE Arrangements”.

Use of estimates

Business combinations

non-controlling

Cash and cash equivalents

Restricted cash

non-current

based on when the funds will be released in accordance with the terms of the respective agreement.

Term deposits

non-current

if the maturities are over one year.

Short-term investments

Allowance for doubtful accounts

Inventory, net

Inventory, consisting of publications and private label products, are stated at the lower of cost and net realizable value. Cost of inventory is determined using the weighted average cost method.

Property and equipment, net


Buildings		20-50 years
Transportation equipment		10 years
Furniture and education equipment		5 years
Computer equipment and software		3 years
Leasehold improvements		Shorter of the lease term or estimated useful life

Property and equipment also consists of construction in progress

se.

Land use rights, net

Land use rights with useful lives are recorded at cost less accumulated amortization and amortized on a straight-line basis over the remaining term of the land certificates, from

38.5 years to 50 years.

Intangible assets, net

Intangible assets with an indefinite life are not amortized and are tested for impairment annually or more frequently if events or changes in circumstances indicate that they might be impaired.

The estimated useful lives of intangible assets are as follows:


Trademark		5-10 years
License		20 years
Student base		1.75 years
Favorable lease		8.67 years
Courseware		3-5 years
Copyright		5 years
Distribution channel		5 years

Impairment of long-lived assets

Goodwill, net

Cost Method Investments

Long-term investments, net

The Group’s long-term investments include equity securities without readily determinable fair values, equity securities with readily determinable fair values, equity method investments and

available-for-sale

investments.

Equity securities

(a)

Equity securities

•

Equity securities with readily determinable fair values

Equity securities with readily determinable fair values are measured at fair value and any changes in fair value are recognized in the consolidated statements of operations.

•

Equity securities without readily determinable fair values

Equity securities with readily determinable fair values

(a)

Equity securities

•

Equity securities with readily determinable fair values

Equity securities with readily determinable fair values are measured at fair value and any changes in fair value are recognized in the consolidated statements of operations.

Equity securities without readily determinable fair values

ns.

Equity Method Investments

(b)

Equity method investments

Investee companies over which the Group has the ability to exercise significant influence, but does not have a controlling interest through investment in common shares or

in-substance

Available-for-sale Investments

(c)

Available-for-sale

investments

For investments in investee’s shares which are determined to be debt securities, the Group accounts for them as

available-for-sale

investments when they are not classified as either trading or

held-to-maturity

investments.

Available-for-sale

non-credit

related is recorded in accumulated other comprehensive income as a component of shareholders’ equity.

Unsecured senior notes

Non-controlling interests

Non-controlling

interests

The Group’s consolidated financial statements include entities in which the Company has a controlling financial interest. Earnings or losses attributable to

non-controlling

interest shareholders of its subsidiaries and VIEs are classified separately as

“non-controlling

interests” in the Company’s consolidated statements of operations.

For the year ended May 31, 2024, the Company

cumulatively

purchased 32,425,000 ordinary shares of East Buy with

Value added tax ("VAT")

Value added tax (“VAT”)

The new enrollment system development services and other operating services are subject to VAT at the rate of 6% of revenues. The

non-academic

In accordance with Cai Shui [2020] No. 8, due to the Novel coronavirus

(“COVID-19”)

Revenue recognition

Disaggregation of revenue

The primary sources of the Group’s revenues are as follows:

(a)

Net service revenues

When the Group, as a promoter, provides promotion services about the specified goods for the merchants in the form of livestream on the

e-commerce

platforms, the Group serves as an agent. The Group earns commissions on the sales of the specified goods transacted through the

e-commence

platform at the agreed commission rates. Commission revenue of livestreaming

e-commerce

is recognized at a point in time upon the customers purchase merchants’ products through the

e-commence

platforms.

e-commerce,

overseas study consulting services

and other segments, respectively. For the year ended May 31, 2023, US$

1,914,865, US$178,165, US$354,764 and US$96,935

of service revenues were derived from educational services and test preparation courses, private label products and livestreaming

e-commerce,

overseas study consulting services and other segments, respectively. For the year ended May 31, 2022, US$

2,669,020, US$473, US$325,901 and US$54,628

of service revenues were derived from educational services and test preparation courses, private label products and livestreaming

e-commerce,

overseas study consulting services and other segments, respectively.

(b)

Net product revenues

For the year ended May 31, 2024, US$709,754 and US$102,834 of product revenues were derived from private label products and livestreaming

commerce, and other segments, respectively. For the year ended May 31, 2023, US$

379,343 and US$73,688 of product revenues were derived from private label products and livestreaming

commerce and other services, and other segments, respectively. For the year ended May 31, 2022, US$2,530 and US$52,694 of product revenues were derived from private label products and livestreaming

e-commerce

and other services, and other segments, respectively.

of May 31, 2023 and 2024,

the Group did not have any contract assets

Operating leases

The Group determines if an arrangement is a lease or contains a lease at lease inception. Operating leases are required to be recorded in the balance sheets as

right-of-use

non-lease

components separately. Lastly, the Company also has elected to utilize the short-term lease recognition exemption and, for those leases that qualified, the Group did not recognize operating lease

right-of-use

assets or operating lease liabilities.

Advertising costs

Government subsidies

Foreign currency translation

Foreign currency risk

Foreign

currency

risk

Fair value

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

Fair value of financial instruments

The Group’s financial instruments consist primarily of cash and cash equivalents, restricted cash, term deposit, short-term investments, accounts receivable, amounts due from/to related parties,

available-for-sale

investments, equity security with/without readily determinable fair values, accounts payable and unsecured senior notes. The Group carries its

available-for-sale

Net (loss)/income per share

Income taxes

Comprehensive (loss)/income

Comprehensive income/ (loss) includes net income/ (loss), unrealized gain/ (loss) on

available-for-sale

investments and foreign currency translation adjustment. Comprehensive income/ (loss) is reported in the consolidated statements of comprehensive income/ (loss).

Share-based compensation

paid-in

non-constant

Concentration of credit risk

Recent accounting pronouncements adopted

In October 2021, the FASB issued ASU

2021-08,

Recently issued accounting pronouncements not yet adopted

In November 2023, the FASB issued ASU

No. 2023-07,

2023-07

Significant Accounting Policies - Estimated Useful Lives of Assets (Detail)	May 31, 2024
Transportation equipment [Member]
Significant Of Accounting Policies [Line Items]
Estimated useful lives	10 years
Furniture and education equipment [Member]
Significant Of Accounting Policies [Line Items]
Estimated useful lives	5 years
Computer equipment and software [Member]
Significant Of Accounting Policies [Line Items]
Estimated useful lives	3 years
Leasehold Improvements [Member]
Significant Of Accounting Policies [Line Items]
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	Useful Life, Shorter of Lease Term or Asset Utility [Member]
Minimum [Member] \| Buildings [Member]
Significant Of Accounting Policies [Line Items]
Estimated useful lives	20 years
Maximum [Member] \| Buildings [Member]
Significant Of Accounting Policies [Line Items]
Estimated useful lives	50 years

Business Acquisitions - Purchase Price Allocation (Parenthetical) (Detail)	May 31, 2023	Sep. 30, 2022	Aug. 31, 2022	May 31, 2022	Dec. 31, 2020	Apr. 30, 2020	Dec. 31, 2018
Tibet Tianli Education Technology Co Ltd [Member]
Business Acquisition [Line Items]
Business acquisition, equity interest	17.40%	12.40%	17.40%	42.40%	11.00%	5.00%	5.00%

Restricted Net Assets

12 Months Ended

May 31, 2024

Receivables [Abstract]

Restricted Net Assets

24.	RESTRICTED NET ASSETS

Relevant PRC laws and regulations restrict the WFOEs and the VIEs from transferring a portion of their net assets, equivalent to the balance of their statutory reserves and their share capital, to the Company in the form of loans, advances or cash dividends, except in the event of liquidation. The balance of restricted net assets was US$918,190, US$935,032 and US$956,123 of which, US$519,388, US$535,700 and US$557,771 were attributed to the

paid-in

capital, additional

paid-in

capital and statutory reserves of the VIEs and US$398,802, US$399,332 and US$398,352 were attributed to the

paid-in

capital, additional

paid-in

capital and statutory reserves of the WFOEs, as of May 31, 2022, 2023 and 2024, respectively. The WFOEs’ accumulated profits may be distributed as dividends to the Company without the consent of a third party. The VIEs’ revenues and accumulated profits may be transferred to the Company through contractual arrangements without the consent of a third party. Under the applicable PRC law, loans from the PRC companies to their offshore affiliated entities require governmental approval, and advances by the PRC companies to their offshore affiliated entities must be supported by bona fide busin

ess tra

nsacti

ons.

Share-Based Compensation - Summary of Movements of Share Awards Under the East Buy Schemes (Detail) - East Buy 2023 Scheme [Member]	12 Months Ended
	May 31, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share option outstanding, Beginning balance \| shares	30,314,000
Number of Share, Granted \| shares	30,000
Number of Share, Vested \| shares	(12,298,670)
Number of Share, Forfeited \| shares	(399,000)
Number of share option outstanding, Ending balance \| shares	17,646,330
Weighted average exercise prices, Options outstanding, Beginning balance \| $ / shares	$ 3.69
Weighted-average grant date fair value, Granted \| $ / shares	3.88
Weighted average exercise prices, Vested \| $ / shares	3.69
Weighted average exercise prices, Options, Forfeited \| $ / shares	3.69
Weighted average exercise prices, Options outstanding, Ending balance \| $ / shares	$ 3.69

Property and Equipment, Net - Summary of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	May 31, 2024	May 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 958,869	$ 751,890
Less: accumulated depreciation	(467,678)	(401,687)
Less: accumulated impairment loss	0	(14)
Exchange differences	16,790	9,571
Property and equipment, net	507,981	359,760
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	270,968	156,017
Transportation equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	6,064	6,366
Furniture and education equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	142,622	118,936
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	167,515	129,119
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	347,415	293,236
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 24,285	$ 48,216

Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expenses	$ 6,093	$ 5,583	$ 1,933
Future amortization expense next twelve months	5,725
Future amortization expense year two	5,696
Future amortization expense year three	5,614
Future amortization expense year four	1,360
Future amortization expense year five	22
Future amortization expense thereafter	$ 29

Segment Information - Schedule of Segment Reporting Information, by Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 31, 2024	May 31, 2023	May 31, 2022
Segment Reporting Information [Line Items]
Net revenues	$ 4,313,586	$ 2,997,760	$ 3,105,246
Operating cost and expenses:
Cost of revenues	(2,050,960)	(1,409,438)	(1,754,291)
Selling and marketing	(660,586)	(444,693)	(466,895)
General and administrative	(1,251,615)	(953,583)	(1,866,573)
Total operating cost and expenses	(3,963,161)	(2,807,714)	(4,087,759)
Operating income/(loss)	350,425	190,046	(982,513)
Total assets	7,531,673	6,392,458	6,034,666
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net revenues	4,313,586	2,997,760	3,105,246
Operating cost and expenses:
Cost of revenues	(2,050,960)	(1,409,438)	(1,754,291)
Selling and marketing	(643,746)	(433,402)	(456,113)
General and administrative	(965,561)	(681,589)	(1,506,220)
Total operating cost and expenses	(3,963,161)	(2,807,714)	(4,087,759)
Operating income/(loss)	350,425	190,046	(982,513)
Total assets	3,654,992	2,269,368	2,722,644
Corporate, Non-Segment [Member]
Operating cost and expenses:
Total operating cost and expenses	(302,894)	(283,285)	(371,135)
Total assets	3,876,681	4,123,090	3,312,022
Educational services and test preparation courses [Member]
Operating cost and expenses:
Total assets	2,217,342	1,728,371	2,262,594
Educational services and test preparation courses [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Net revenues	2,716,174	1,914,865	2,669,020
Operating cost and expenses:
Cost of revenues	(1,027,889)	(793,423)	(1,508,412)
Selling and marketing	(348,121)	(261,606)	(346,508)
General and administrative	(755,074)	(519,765)	(1,362,285)
Total operating cost and expenses	(2,131,084)	(1,574,794)	(3,217,205)
Operating income/(loss)	585,090	340,071	(548,185)
Total assets	2,217,342	1,728,371	2,262,594
Private label products and livestreaming e-commerce and other services [Member]
Operating cost and expenses:
Total assets	831,620	282,558	277,848
Private label products and livestreaming e-commerce and other services [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Net revenues	900,614	557,508	3,003
Operating cost and expenses:
Cost of revenues	(677,270)	(345,211)	(2,476)
Selling and marketing	(124,975)	(45,611)	(6,264)
General and administrative	(77,626)	(34,238)	(18,818)
Total operating cost and expenses	(879,871)	(425,060)	(27,558)
Operating income/(loss)	20,743	132,448	(24,555)
Total assets	831,620	282,558	277,848
Overseas Study Consulting Services [Member]
Operating cost and expenses:
Total assets	119,725	109,422	177,821
Overseas Study Consulting Services [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Net revenues	439,744	354,764	325,901
Operating cost and expenses:
Cost of revenues	(214,602)	(179,284)	(165,673)
Selling and marketing	(92,865)	(80,528)	(72,847)
General and administrative	(57,204)	(61,861)	(61,258)
Total operating cost and expenses	(364,671)	(321,673)	(299,778)
Operating income/(loss)	75,073	33,091	26,123
Total assets	119,725	109,422	177,821
Others [Member]
Operating cost and expenses:
Total assets	486,305	149,017	4,381
Others [Member] \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Net revenues	257,054	170,623	107,322
Operating cost and expenses:
Cost of revenues	(131,199)	(91,520)	(77,730)
Selling and marketing	(77,785)	(45,657)	(30,494)
General and administrative	(75,657)	(65,725)	(63,859)
Total operating cost and expenses	(284,641)	(202,902)	(172,083)
Operating income/(loss)	(27,587)	(32,279)	(64,761)
Total assets	$ 486,305	$ 149,017	$ 4,381

Share-Based Compensation (Tables)

12 Months Ended

May 31, 2024

Summary of NES Activities under 2006 and 2016 Share Incentive Plan

The NES activities under the 2016 Share Incentive Plan for the year ended May 31, 2024 are summarized as follows:


	Number of NES			Weighted-average grant date fair value (US$)
NES outstanding as of May 31, 2023		30,271,273		5.52
Granted		3,656,040		5.99
Vested		(12,191,640	)	6.54
Forfeited		(266,411	)	5.75

NES outstanding as of May 31, 2024		21,469,262		5.01

Koolearn pre ipo share option scheme [Member]

Share-based compensation, stock options

The movements of share options under the

Pre-IPO

Share Option Scheme are summarized as follows:


	Number of share option			Weighted average exercise price per option (US$)
Outstanding as of May 31, 2023		27,084,385			1.13
Exercised		(1,143,500	)		1.13
Outstanding as of May 31, 2024		25,940,885			1.13

Options vested and expected to vest as of May 31, 2024		25,940,885			1.13

Exercisable as of May 31, 2024		25,940,885			1.13

Koolean Post Ipo Share Option Three [Member]

Share-based compensation, stock options

The movements of share options under the

Post-IPO

Share Option Scheme are summarized as follows:


	Number of share options			Weighted average exercise price per option (US$)
Outstanding as of May 31, 2023		40,462,810			0.67

Forfeited		(516,189	)		0.67
Exercised		(3,942,676	)		0.67
Cancelled		(1,519,999	)		0.67

Outstanding as of May 31, 2024		34,483,946			0.67

Options vested and expected to vest as of May 31, 2024		34,483,946			0.67

Exercisable as of May 31, 2024		21,413,897			0.67

The fair value estimate of share options


	November 15, 2021
Weighted average share price	US$	0.67
Exercise price	US$	0.67
Expected volatility		61	%
Expected life		10 years
Risk-free rate		1.63	%
Expected dividend yield		0.00	%

East Buy 2023 Scheme [Member]

Share-based compensation, stock options

The movements of share awards under the East Buy 2023 Scheme for the years ended May 31, 2023 and 2024 are summarized as follows:


	Number of shares			Weighted-average grant date fair value
				US$
NES outstanding as of May 31, 2023		30,314,000			3.69

Granted		30,000			3.88
Vested		(12,298,670	)		3.69
Forfeited		(399,000	)		3.69

NES outstanding as of May 31, 2024		17,646,330			3.69

Mainland China Contribution Plan

12 Months Ended

May 31, 2024

Text Block [Abstract]

Mainland China Contribution Plan

22.	MAINLAND CHINA CONTRIBUTION PLAN

The Group’s full time employees in the PRC participate in a government-mandated multiemployer defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. The PRC labor regulations require the Group to accrue for these benefits based on certain percentages of the employees’ salaries. The total contributions for such employee benefits were US$272,433, US$196,042 and US$234,474 for the years ended May 31, 2022, 2023 and 2024, respectively.

Land Use Rights, Net (Tables)

12 Months Ended

May 31, 2024

Text Block [Abstract]

Land Use Rights, Net

Land use rights, net, consisted of the following:


	As of May 31,
	2023			2024
	US$			US$
Land use rights		3,831			5,031
Less: accumulated amortization		(558	)		(639	)
Exchange differences		48			58

Land use rights, net		3,321			4,450