■Shareholder return policy

Riso Education ＜4714＞ positions return of profits to shareholders as one of the important management issues. Regarding the dividend policy, it was decided to comprehensively take into account the degree of fulfillment of internal reserves, profit status, business environment, etc., and from the 2024/2 fiscal year, it was implemented with a dividend payout ratio of 50% or more, and the dividend per share for the 2024/2 fiscal year ended was 10.0 yen (dividend payout ratio 90.6%). The same amount of 10.0 yen (same 90.3%) is also planned for the 2025/2 fiscal year, and the dividend yield will be at the level of 3.6% (based on 2024/4/15 closing price). In the future, dividend increases can be expected if the dividend payout ratio falls below 50% due to profit growth. Furthermore, in addition to being applied to capital investment and system investment to advance management DX, the use of internal reserves and funds stored other than dividends is intended to prepare for temporary cost increases when sudden events such as the COVID-19 pandemic occur.

(Author: FISCO Visiting Analyst Joe Sato)