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1、2017/2018ANNUAL REPORT “The future depends on young people having access to reading,literature and information.We have a huge stake in establishing a level playing field where children can learn how to read and think,understand dimensions of the human spirit through stories,and comprehend how the wo
2、rld works through information and nonfiction.This will ensure that all people can have a voice in determining the direction of society.Richard Robinson,Scholastic Chairman,President and Chief Executive Officeraccepting the 2017 National Book Foundation Literarian Award 557 Broadway,New York,NY 10012
3、 212 343 6100 Fellow Shareholders,As I write this,nearly four million teachers and 60 million children in the U.S.are preparing for the new school year,each with their own hopes and concerns for the year ahead.Scholastic will be there for them,as we have been for nearly a century of“back-to-school”f
4、irst days.We will continue to contribute to childrens education by providing them with stories that help them understand themselves and their place in the world,and nonfiction that helps them develop critical thinking and make sense of the world they will inherit.Scholastic has always looked to the
5、future,working as we do with young people whose lives are ahead of them.To ensure we are preparing students for the more complex global society of the future,we must provide them with the ability to be flexible and creative.With this in mind,we announced Scholastic 2020 this time last year,our plan
6、to propel the Company forward to its 100th year and set the stage for the next 100 years.Technology-driven Scholastic 2020 initiatives are expected to substantially increase operating income,expand marketing and sales capacity,and improve our efficiency and management,while enabling us to reach pare