■Performance Trends
3. financial status
Looking at the financial situation of Riso Education ＜4714＞ at the end of the 2024/2 fiscal year, the total assets were 18,257 million yen, an increase of 5 million yen from the end of the previous fiscal year. As a major fluctuating factor, cash and deposits decreased by 1,847 million yen due to dividend payments, etc., while unearned operating income increased by 1,114 million yen in current assets. The increase in unearned operating income is due to the consolidation of factoring companies of business partners into one company, and the settlement date was off by 1 day. As for fixed assets, tangible fixed assets increased by 246 million yen due to the opening of new school buildings and implementation of renewals, deferred tax assets increased by 236 million yen, security deposits and security deposits by 92 million yen, and investment securities by 86 million yen, respectively.
Total liabilities increased 703 million yen from the end of the previous fiscal year to 9,604 million yen. Unpaid corporate taxes, etc. increased by 335 million yen in current liabilities, and liabilities related to retirement benefits increased by 280 million yen in fixed liabilities. Net assets decreased by 698 million yen to 8,653 million yen. Net income attributable to parent company shareholders was recorded at 1,703 million yen, while retained earnings declined due to dividend payments of 2,469 million yen.
Looking at the cash flow situation, cash flow from operating activities was positive by 1,653 million yen, a decrease of 1,125 million yen compared to the previous fiscal year. The main cause is an increase (decrease factor) in unearned operating income. Meanwhile, cash flow from investment activities was negative of 1,028 million yen due to the opening and renewal of new school buildings, etc., and cash flow from financial activities was negative 2,466 million yen due to payment of dividends, etc. As a result, the balance of cash and cash equivalents at the end of the fiscal year decreased by 1,847 million yen from the end of the previous fiscal year to 5,460 million yen.
Looking at management indicators, the equity ratio declined from 50.7% at the end of the previous fiscal year to 46.8%, mainly due to a decrease in retained earnings. However, since there is plenty of cash on hand at over 5 billion yen due to debt-free management, it is judged that financial details are in good condition. Also, as described above, the company raised approximately 3.3 billion yen through a third-party allotment of shares, and in addition to applying it to future business investments and M&A funds, we believe that the management base will be further strengthened by Hulic becoming the parent company.
(Author: FISCO Visiting Analyst Joe Sato)