Ongoing Capital Investment to Enhance the Educational Environment

「Capital investments and other expenditures, including deposits paid, totaled ¥512.692 million during the consolidated fiscal year」

「投資活動の結果支出した資金は、432,229千円（前連結会計年度比93,597千円の支出増）となりました。これは主に有形固定資産の取得による支出342,187千円を計上したこと等によるものであります。」

「Capital investments and other expenditures, including deposits paid, totaled ¥598.873 million during the consolidated fiscal year」

「Cash used in investing activities amounted to ¥143.162 million, a decrease of ¥100.343 million from the same period of the previous year. This was mainly because, despite recording ¥150.032 million in proceeds from withdrawals of time deposits, the Company recorded ¥173.266 million in purchases of property, plant and equipment and ¥65.672 million in purchases of shares in subsidiaries resulting in a change in the scope of consolidation, among other items.」

「Capital investments and other expenditures, including deposits paid, totaled ¥543.614 million during the consolidated fiscal year. Capital investments by segment were as follows.」

「Segment expenses increased mainly because of higher equipment expenses associated with replacing office computers, among other factors.」

「Expenses increased due to higher personnel expenses accompanying the increase in the number of students, higher recruitment advertising expenses accompanying strengthened recruitment, and higher supplies expenses accompanying the replacement of office computers, among other factors.」

「Capital investments and other expenditures, including deposits paid, totaled ¥508.386 million during the consolidated fiscal year. Capital investments by segment were as follows.」

「Although the Company recorded ¥111.602 million in purchases of property, plant and equipment, cash provided by investing activities amounted to ¥41.262 million, mainly because it recorded ¥175.012 million in proceeds from withdrawals of time deposits, among other items.」

「Capital investments and other expenditures, including deposits paid, totaled ¥316.260 million during the consolidated fiscal year」

「Cash used in investing activities amounted to ¥180.062 million, an increase of ¥108.038 million from the same period of the previous year. This was mainly due to ¥89.155 million in purchases of property, plant and equipment, ¥49.997 million in purchases of intangible assets, and ¥49.509 million in deposits into time deposits, among other items.」

「Capital investments and other expenditures, including deposits paid, totaled ¥433.097 million during the consolidated fiscal year」

「Cash used in investing activities amounted to ¥72.023 million, a decrease of ¥187.759 million from the same period of the previous year. This was mainly because, despite recording ¥279.494 million in grants received, the Company recorded ¥299.301 million in purchases of property, plant and equipment and ¥42.006 million in deposits into time deposits, among other items.」

「Capital investments and other expenditures, including deposits paid, totaled ¥914.766 million during the consolidated fiscal year. Capital investments by segment were as follows.」

「In terms of expenses, the personnel expense ratio improved and the burden of upfront investment, including capital investment, was reduced because fewer new childcare facilities were opened. As a result, segment profit (operating profit) was ¥645.411 million, up 79.7% year on year.」

「Segment revenue was ¥5,342.566 million, up 7.2% year on year, due to increases in the number of group-enrolled students and franchise classrooms. In terms of earnings, the segment loss (operating loss) improved significantly to ¥82.622 million, compared with a segment loss (operating loss) of ¥304.797 million in the same period of the previous year, as the burden of upfront investment related to opening childcare facilities was eliminated, the personnel expense ratio improved, and capital investment expenses declined because fewer classrooms were newly opened or scheduled to open than in the previous fiscal year.」

「Capital investments and other expenditures, including deposits paid, totaled ¥1,402.537 million during the consolidated fiscal year. Capital investments by segment were as follows.」

「Expenses increased mainly because personnel expenses and capital investment and other costs were incurred ahead of the launch of the new brand, and because the Company conducted proactive advertising and promotional activities. As a result, segment profit (operating profit) was ¥359.235 million, down 28.7% year on year.」

「Cash used in investing activities amounted to ¥548.735 million, an increase of ¥364.260 million from the same period of the previous year. This was mainly due to ¥537.662 million in purchases of property, plant and equipment and ¥43.145 million in deposits paid, among other items.」

「As a result, revenue was ¥1,904.779 million, up 2.0% year on year. However, expenses increased mainly because of higher personnel expenses associated with opening childcare facilities and capital investment, resulting in a segment loss (operating loss) of ¥614.216 million, compared with a segment loss (operating loss) of ¥519.543 million in the same period of the previous year.」

「Capital investments and other expenditures, including deposits paid, totaled ¥649.163 million during the consolidated fiscal year. Capital investments by segment were as follows.」

「This primarily comprised ¥128.101 million in purchases of property, plant and equipment, ¥39.228 million in purchases of intangible assets, and ¥33.738 million in deposits paid, among other items.」

「Our group continues to make capital investments to meet the diverse needs of students and their parents and to create and enhance a comfortable educational environment.」