# RISO KYOIKU GROUP CORPORATION.: business model and financials

> Latest period: FY ending Feb 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第41期(2025/03/01－2026/02/28) (S100Y58Q)
> Page: https://vizora.meequs.com/en/company/riso-kyoiku-group
> Retrieved: 2026-09-30T21:08:33.989Z

## Company

Riso Kyoiku Group, founded in 1985, is a company in Education listed on TSE Prime. It has 1,183 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | RISO KYOIKU GROUP CORPORATION (旧英訳名 RISO KYOIKU CO.,LTD.) (注)2025年5月23日開催の第40回定時株主総会の決議により、2025年9月1日から会社名を上記のとおり変更いたしました。 |
| Ticker | 4714 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4714.T) |
| Listing | TSE Prime |
| Head office | 東京都豊島区目白三丁目1番40号 |
| Representative (per filing) | 代表取締役社長 天坊 真彦 |
| Founded | Jul 1985 |
| Share capital | ¥4.59B |
| Employees (consolidated) | 1,183 |
| Average salary (parent only) | ¥7.3M |
| Fiscal year end | February |
| Corporate number | 2013301009186 |
| EDINET | E05024 |
| Industries (Vizora) | Education |

> Profile source: annual securities report (S100Y58Q, filed 2026-05-21). As of filing

## Five-axis industry profile

Primary industry: Education (2026-02-28)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 40.4 | 26 |
| Profitability | 51.7 | 30 |
| Cash conversion | 16.1 | 28 |
| Efficiency | 85 | 30 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 52% of Riso Kyoiku Group's sales come from The enterprise for an individual juku school, with The enterprise which educates a small child and The enterprise tutoring professional tutors making up much of the rest.
- Out of every ¥100 of sales, about ¥8 is left as operating profit.
- Revenue changed +2.5% from the prior year, operating profit -7.8%.

## Company structure

- Segment revenue mix: The enterprise for an individual juku school 52.1%、The enterprise which educates a small child 16.8%、The enterprise tutoring professional tutors 15.1%、In-school private education services 10.9%、Personality enrichment camp education business 5.0%
- Revenue → net income: ¥34240928000 → ¥1615853000
- Net income → operating cash flow: ¥1615853000 → ¥2000193000（difference ¥384340000）
- Main uses of operating cash flow: CapEx ¥1200752000 / dividends ¥1697770000 / buybacks ¥23000
- Change in cash: ¥-871462000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥34.2B |  |
| Operating income | ¥2.7B | Margin 7.9% |
| Net income | ¥1.62B | Margin 4.7% |
| Free cash flow | ¥799.4M |  |
| Largest business | The enterprise for an individual juku school | of segment revenue 52.1% |
| Employees (consolidated) | 1,183 |  |
| EPS | ¥5.18 |  |
| Diluted EPS | ¥5.17 |  |
| Book value per share | ¥48.52 |  |
| Equity ratio | 53.8% |  |
| Shares outstanding | 171,806,159 |  |
| Treasury shares | 1,504,500 |  |
| Shareholders | 29,706 |  |
| Average salary (parent only) | ¥7.3M | Filing company only |
| Cash ratio | 35.7% | Cash ÷ revenue 23.6% |
| Vs. industry median margin | +0.5 pp | Education |
| ROE | 13.4% | Derived from disclosed figures |
| ROA | 7.2% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 36% of total assets

## What changed in 5 years

| Metric | FY ending Feb 2021 | FY ending Feb 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥25201586000 | ¥34240928000 | +35.9% |
| Operating income | ¥1010599000 | ¥2704189000 | +167.6% |
| Operating margin | 4.0% | 7.9% | +3.9 pp |
| Employees | 1,004 people | 1,183 people | +17.8% |
| Cash and equivalents | ¥3963694000 | ¥8081131000 | +103.9% |

### Change in segment revenue mix

Span: FY ending Feb 2021 → FY ending Feb 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 学習塾事業 → 学習塾事業 | 52.1% |
| 学習塾事業 → 事業再編・廃止 | 1.9% |
| 家庭教師派遣教育事業 → 家庭教師派遣教育事業 | 15.1% |
| 家庭教師派遣教育事業 → 事業再編・廃止 | 3.8% |
| 幼児教育事業 → 幼児教育事業 | 16.8% |
| 幼児教育事業 → 事業再編・廃止 | 2.4% |
| 学校内個別指導事業 → 学校内個別指導事業 | 5.3% |
| 人格情操合宿教育事業 → 人格情操合宿教育事業 | 2.5% |
| その他 → その他 | 0.0% |
| 新設・再編 → 学校内個別指導事業 | 5.6% |
| 新設・再編 → 人格情操合宿教育事業 | 2.5% |
| 新設・再編 → その他 | 0.0% |

Segment revenue source references: 12 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| The enterprise for an individual juku school | 5 years | +5.6% | ¥17855547000 | 7.7% | 2 |
| The enterprise which educates a small child | 5 years | +3.5% | ¥5746856000 | 2.6% | 2 |
| The enterprise tutoring professional tutors | 5 years | +1.7% | ¥5160192000 | 7.7% | 2 |
| In-school private education services | 5 years | +22.7% | ¥3744557000 | 10.4% | 2 |
| Personality enrichment camp education business | 5 years | +21.9% | ¥1712998000 | 4.0% | 2 |
| Other | 5 years | +13.0% | ¥20775000 | 66.5% | 2 |

## Income statement（FY ending Feb 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 34,241 | 100.0% | S100Y58Q |
| Cost of revenue | 25,188 | 73.6% | S100Y58Q |
| Gross profit | 9,053 | 26.4% | S100Y58Q |
| SG&A | 6,349 | 18.5% | S100Y58Q |
| Operating income | 2,704 | 7.9% | S100Y58Q |
| Ordinary income | 2,733 | 8.0% | S100Y58Q |
| Pretax income | 2,612 | 7.6% | S100Y58Q |
| Income tax | 996 | 2.9% | S100Y58Q |
| Net income | 1,616 | 4.7% | S100Y58Q |
| Net income attributable to owners | 1,616 | 4.7% | S100Y58Q |

## Per ¥100 of revenue（FY ending Feb 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 74 |
| SG&A | 18 |
| Operating income | 8 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 26.4% → Operating margin 7.9% → Net margin 4.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +2.5%; Core profit growth: -7.8%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -3.09×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Feb 2025 → FY ending Feb 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 33,395 | 34,241 | 846 | +2.5% |
| Gross profit | 9,046 | 9,053 | 6 | +0.1% |
| Operating income | 2,934 | 2,704 | -230 | -7.8% |
| Net income attributable to owners | 1,743 | 1,616 | -127 | -7.3% |
| Operating cash flow | 2,451 | 2,000 | -451 | -18.4% |
| Free cash flow | 1,637 | 799 | -837 | -51.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Feb 2020 | 26,705 | 2,717 | 10.2% | 1,954 | 2,912 | 2,426 | S100LFFK |
| FY ending Feb 2021 | 25,202 | 1,011 | 4.0% | 555 | -36 | -402 | S100O4Z8 |
| FY ending Feb 2022 | 30,009 | 3,030 | 10.1% | 2,431 | 3,607 | 2,844 | S100QU5I |
| FY ending Feb 2023 | 31,488 | 2,421 | 7.7% | 1,487 | 2,779 | 2,020 | S100U1Y3 |
| FY ending Feb 2024 | 32,215 | 2,628 | 8.2% | 1,661 | 1,654 | 835 | S100VTBK |
| FY ending Feb 2025 | 33,395 | 2,934 | 8.8% | 1,743 | 2,451 | 1,637 | S100Y58Q |
| FY ending Feb 2026 | 34,241 | 2,704 | 7.9% | 1,616 | 2,000 | 799 | S100Y58Q |

## People and productivity（FY ending Feb 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥28.9M |
| Operating income per employee (consolidated) | ¥2.3M |
| Net income per employee (consolidated) | ¥1.4M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 1,016 | 1,095 | 1,119 | 1,149 | 1,183 |
| Average salary (parent company) | ¥6.7M | ¥6.7M | ¥6.7M | ¥7M | ¥7.3M |
| Average age (parent company) | 40.4 years | 40.1 years | 40.1 years | 40.3 years | 41.6 years |
| Average tenure (parent company) | 8.3 years | 8.4 years | 8.8 years | 9.2 years | 10.4 years |

Year over year: Employees (consolidated) +3.0% · Revenue (consolidated) +2.5%

## Segments（FY ending Feb 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| The enterprise for an individual juku school | 17,856 | 52.1% | 1,372 | 7.7% |
| The enterprise tutoring professional tutors | 5,160 | 15.1% | 398 | 7.7% |
| The enterprise which educates a small child | 5,747 | 16.8% | 148 | 2.6% |
| In-school private education services | 3,745 | 10.9% | 388 | 10.4% |
| Personality enrichment camp education business | 1,713 | 5.0% | 68 | 4.0% |
| Other | 21 | 0.1% | 14 | 66.5% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| The enterprise for an individual juku school | 52.1% | 57.5% | 5.3 | 7.7% |
| The enterprise tutoring professional tutors | 15.1% | 16.6% | 1.6 | 7.7% |
| The enterprise which educates a small child | 16.8% | 6.2% | -10.6 | 2.6% |
| In-school private education services | 10.9% | 16.3% | 5.3 | 10.4% |
| Personality enrichment camp education business | 5.0% | 2.9% | -2.1 | 4.0% |
| Other | 0.1% | 0.6% | 0.5 | 66.5% |

Segment → industry: Personality enrichment camp education business → Education / In-school private education services → Education / The enterprise which educates a small child → Education / The enterprise tutoring professional tutors → Education / The enterprise for an individual juku school → Education

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Feb 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 2,000 | 5.8% | S100Y58Q |
| Capital expenditure | 1,201 | 3.5% | S100Y58Q |
| Free cash flow | 799 | 2.3% | 算出 |
| Investing cash flow | -1,169 | -3.4% | S100Y58Q |
| Financing cash flow | -1,702 | -5.0% | S100Y58Q |
| Dividends paid | 1,698 | 5.0% | S100Y58Q |
| Share buyback | 0 | 0.0% | S100Y58Q |
| Change in cash | -871 | -2.5% | S100Y58Q |
| Cash and equivalents | 8,081 | 23.6% | S100Y58Q |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 8,011 | 7,308 | 5,461 | 8,953 | 8,081 | S100U1Y3, S100VTBK, S100Y58Q |
| Total assets | 19,046 | 18,126 | 18,097 | 22,110 | 22,667 | S100QU5I, S100U1Y3, S100VTBK, S100Y58Q |
| Net assets | 10,393 | 9,225 | 8,485 | 12,034 | 12,266 | S100U1Y3, S100VTBK, S100Y58Q |
| Share capital | 2,890 | 2,890 | 2,890 | 4,590 | 4,590 | S100QU5I, S100U1Y3, S100VTBK, S100Y58Q |
| Inventories | 152 | 153 | 172 | 214 | 190 | S100QU5I, S100U1Y3, S100VTBK, S100Y58Q |
| Property, plant and equipment | 3,669 | 3,687 | 3,855 | 3,732 | 3,897 | S100QU5I, S100U1Y3, S100VTBK, S100Y58Q |
| Intangible assets excluding goodwill | 197 | 245 | 311 | 478 | 593 | S100QU5I, S100U1Y3, S100VTBK, S100Y58Q |
| Investment securities | 109 | 113 | 200 | 83 | 80 | S100QU5I, S100U1Y3, S100VTBK, S100Y58Q |
| Current assets | 10,997 | 9,660 | 8,955 | 12,686 | 12,799 | S100QU5I, S100U1Y3, S100VTBK, S100Y58Q |
| Current liabilities | 5,446 | 5,367 | 5,731 | 5,865 | 6,173 | S100QU5I, S100U1Y3, S100VTBK, S100Y58Q |
| Total liabilities | 8,532 | 8,900 | 9,612 | 10,076 | 10,401 | S100QU5I, S100U1Y3, S100VTBK, S100Y58Q |
| Non-controlling interests | 0 | 0 | — | — | — | S100QU5I, S100U1Y3 |
| Equity attributable to owners of parent | 10,495 | 9,280 | 8,463 | 12,097 | 12,061 | S100QU5I, S100U1Y3, S100VTBK, S100Y58Q |
| Retained earnings | 5,380 | 4,149 | 3,331 | 3,531 | 3,446 | S100QU5I, S100U1Y3, S100VTBK, S100Y58Q |
| Treasury stock | -392 | -381 | -381 | -356 | -311 | S100QU5I, S100U1Y3, S100VTBK, S100Y58Q |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 36% | S100Y58Q |
| Inventories | 1% | S100Y58Q |
| Property, plant and equipment | 17% | S100Y58Q |
| Intangibles and goodwill | 3% | S100Y58Q |
| Investment securities | 0% | S100Y58Q |
| Other assets | 43% | S100Y58Q |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 46% | S100Y58Q |
| Equity | 54% | S100Y58Q |

### Balance sheet history

| Metric | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 19,046 | 18,126 | 18,097 | 22,110 | 22,667 |
| Equity | 10,393 | 9,225 | 8,485 | 12,034 | 12,266 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 8,011 | 7,308 | 5,461 | 8,953 | 8,081 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 11.4% | S100Y58Q |
| Fixed assets ÷ total assets | 17.2% | S100Y58Q |
| Goodwill ÷ parent equity | — | —, S100Y58Q |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 35.7% |
| Cash ÷ revenue | 23.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 74.0% |
| Cash vs. profit gap | 384 JPY mn (of net income 23.8%) |
| Shareholder returns / net income | 105.1% |
| Shareholder returns / FCF | 212.4% |
| Shareholder payments — dividends / net income | 105.1% |
| Shareholder payments — dividends / FCF | 212.4% |
| CapEx intensity (capex ÷ revenue) | 3.5% |
| Investing CF relative to operating CF | 58.5% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 8.1% | 1.58× | 12.8% | 1.81× | 23.2% | S100QU5I |
| 2023 | 4.7% | 1.69× | 8.0% | 1.88× | 15.0% | S100U1Y3 |
| 2024 | 5.2% | 1.78× | 9.2% | 2.04× | 18.7% | S100VTBK |
| 2025 | 5.2% | 1.66× | 8.7% | 1.96× | 17.0% | S100Y58Q |
| 2026 | 4.7% | 1.53× | 7.2% | 1.85× | 13.4% | S100Y58Q |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| ヒューリック株式会社 | Major shareholder | 51.0% | 2026-02-28 |
| 学校法人駿河台学園 | Major shareholder | 6.1% | 2026-02-28 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 3.8% | 2026-02-28 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 0.8% | 2026-02-28 |
| リソー教育グループ従業員持株会 | Major shareholder | 0.8% | 2026-02-28 |
| ＪＰモルガン証券株式会社 | Major shareholder | 0.5% | 2026-02-28 |
| ＪＰ ＭＯＲＧＡＮ ＣＨＡＳＥ ＢＡＮＫ ３８５７８１ （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 0.5% | 2026-02-28 |
| 由岐 洋輔 | Major shareholder | 0.5% | 2026-02-28 |
| ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ ５０５００１ （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 0.4% | 2026-02-28 |
| 難波江 和久 | Major shareholder | 0.4% | 2026-02-28 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第41期(2025/03/01－2026/02/28) | S100Y58Q | 2026-05-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y58Q,, |
| 有価証券報告書－第40期(2024/03/01－2025/02/28) | S100VTBK | 2025-05-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VTBK,, |
| 訂正有価証券報告書－第39期(2023/03/01－2024/02/29) | S100U1Y3 | 2024-07-12 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100U1Y3,, |
| 有価証券報告書－第38期(2022/03/01－2023/02/28) | S100QU5I | 2023-05-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QU5I,, |
| 有価証券報告書－第37期(令和3年3月1日－令和4年2月28日) | S100O4Z8 | 2022-05-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O4Z8,, |
| 有価証券報告書－第36期(令和2年3月1日－令和3年2月28日) | S100LFFK | 2021-05-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LFFK,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).