FY 2022 Full Year Earnings Presentation

As a new asset management company that supports asset building through the unique information dissemination to the working-age population, Rheos Capital Works Inc. provides investment trust services, investment advisory services, and fund management for the purpose of investing in venture companies.
For the fiscal year ended March 31, 2023, the company posted operating revenue of ¥9,660 million (+1.9% YoY), operating profit of ¥1,610 million (-17.5% YoY), and profit attributable to owners of the parent of ¥1,087 million (-16.6% YoY).
Due to unfavorable market environment until the end of 2022, operating revenue was sluggish. That and increases in selling, general and administrative expenses, particularly in personnel expenses, led to 17.5% decline in operating profit year on year.
Compared with the forecasts, operating revenue was slightly behind, but profit attributable to owners of parent was ¥1,087 million, up 3.2% from the forecast, mainly due to constraint in selling, general and administrative expenses and application of the salary increase tax credit.
For the future growth strategy, we will strengthen our three strengths of “Asset management,” “Influence,” and “Sales” in order to gain widespread recognition of the “Hifumi” Brand, which is the source of our competitive advantage, and widely disseminate savings investment by “Hifumi” in Japan and spread the culture of asset building. The shift from savings to investment will continue to accelerate due to the permanent increase in the investment period and the expansion of investment limits under the new NISA. We aim to take advantage of this trend by spreading accumulated investment with “Hifumi” and promoting acquisition of new customers and additional deposits and increase in investment income by providing new products that meet customers’ needs as appropriate.