Serio : Results of Operations for the Fiscal Year Ending May 31,2022

Securities code: 6567

July 14, 2022

Results of Operations

for the Fiscal Year Ended May 31, 2022

SERIO HOLDINGS CO., LTD.

Hisashi Wakahama, President and CEO

Contents

1. Financial Results for FY5/2022
2. Results by Segment
3. Outlook for FY5/2023
4. Shareholder Returns
5. Business Climate
6. Medium-termBusiness Plan 2023 to 2025
7. Initiatives Other Than Financial Activities Reference Materials

2

FY5/2022 Financial Highlights

・Sales were record high in all the three segments

New locations contributed to sales growth of the after-school day care and nursery schools businesses. In the nursery school business, sales were higher than the forecast as the number of nursery school children, including existing nursery schools, exceeded our plan. However, profit was down as the cost of sales ratio rose because operations returned to normal following the impact of the pandemic in the previous fiscal year.

Net sales

¥9,130 million

(+11.1% YoY)

Gross profit

¥1,631 million

(+0.0% YoY)

Operating profit

¥233 million

(-30.7%YoY)

Ordinary profit

¥272 million

(-21.1%YoY)

3

Net Sales / Ordinary Profit

(Net sales: millions of yen)	(Ordinary profit: millions of yen)
10,000	350

71%

9,000

300

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

67%

Female labor force participation

Labor Force Survey (Basic

63%Tabulation) Average for 2021, Statistics Bureau of the Ministry of Internal Affairs and Communications

			Establishment of SERIO Holdings
59%
			Started operation of certified
Launch of the after-school	nursery schools
Net sales of nursery schools	day care business	Started operation of public after-school day-
Net sales of after-school day care			care facilities (operated for local governments)
Net sales of employment assistance		Launch of the nursery
	school business
Consolidated ordinary profit

Listed on the TSE	250
Mothers market
Start of consolidated
financial statements
	200

150

100

50

0

0

FY5/2006 FY5/2007 FY5/2008 FY5/2009 FY5/2010 FY5/2011 FY5/2012 FY5/2013 FY5/2014 FY5/2015 FY5/2016 FY5/2017 FY5/2018 FY5/2019 FY5/2020 FY5/2021 FY5/2022

No. of our nursery schools			1	1	4	5	9	14	23	29	34	40	42
No. of our after-schoolday-care facilities	1	2	2	4	34	89	114	132	127	127	133	144	144
		→ FY5/2010 to FY5/2013: Total sales	After FY5/2014: Sales by segment	→ Jan. 2016: Started contract with audit firm

4

Income Statement for FY5/2022

Net sales

Employment assistance

After-school day care

Nursery schools

Cost of sales

Gross profit

Selling, general and administrative expenses

Operating profit

Ordinary profit

Profit attributable to owners of parent

							(Millions of yen)
FY5/2022	FY5/2022	% to	YoY	Progress rate vs.	FY5/2021	FY5/2020
plan	results	sales	change	FY5/2022 plan	Results	% to sales	Results	% to sales
9,000	9,130	100.0%	+11.1%	101.5%	8,218	100.0%	6,948	100.0%
2,729	2,694	29.5%	+4.2%	98.8%	2,585	31.5%	2,220	32.0%
2,848	2,824	30.9%	+10.9%	99.2%	2,547	31.0%	2,211	31.8%
3,423	3,610	39.5%	+17.0%	105.5%	3,085	37.5%	2,516	36.2%
7,258	7,499	82.1%	+13.8%	103.3%	6,587	80.2%	5,668	81.6%
1,742	1,631	17.9%	+0.0%	93.6%	1,631	19.8%	1,279	18.4%
1,467	1,397	15.3%	+8.0%	95.3%	1,293	15.7%	1,143	16.5%
275	233	2.6%	-30.7%	85.0%	337	4.1%	136	2.0%
270	272	3.0%	-21.1%	100.8%	344	4.2%	167	2.4%
175	173	1.9%	-22.4%	98.9%	223	2.7%	101	1.5%

5