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Thank you for your continued support.

For the fiscal year ended March 31, 2023, revenue and operating income both increased from the previous fiscal year. Looking at performance in individual business segments, the Education and Technology segments drove overall results. Meanwhile, revenue fell and negative operating income was recorded in the Studio & Content segment, while the Broadcast segment saw declines in revenue and operating income.

For the fiscal year ending March 31, 2024, the Company expects the Education and Technology segments to continue serving as an engine for the Group's total performance and forecasts revenue at 14.3 billion yen, operating income and ordinary income at 1.2 billion yen each, and net income attributable to owners of parent at 1.0 billion yen.

The year-end dividend for FY2022 would be 30 yen, up 5 yen from the previous fiscal year, as approved at the 27th Ordinary General Meeting of Shareholders. For the next fiscal year, FY2023, we expect to increase the year-end dividend by 3 yen to 33 yen per share.

We are accelerating incubation, or business development, in the fields of eSports and Japanese language education. This is one of our medium- and long-term initiatives.
In the eSports business, the eSports course of the Renaissance High School Group grew to help enlarge education services. The eSports course has earned high marks for its significant educational effect and for its effectiveness in tackling the issue of school non-attendance. It enjoys strong support from students and their parents/guardians.
As for the Japanese language education business, we launched Renaissance Japanese Language Academy in April for the purpose of training Japanese language teachers, who are in short supply. Leveraging the Japanese language education expertise that has already been developed, we have stepped into the growth market of training Japanese language teachers.
There is a high level of synergy between the Renaissance High School Group and Renaissance Japanese Language Academy.

In addition to these moves, we are working to develop and cultivate a number of businesses, chiefly in the domain that combines Education with Technology. Meanwhile, we split the Studio & Content segment into two this past April in an effort to improve business performance. The new segments resulting from the separation are the Media Content segment and the Studio Production segment.
We will run a unique composite education business as a sustainable and ethical business in an aim to achieve growth.

We would be most grateful to our shareholders for their continuing support.