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0 FY2025/3 3Q Relo Group Investor Presentation Feb 2,2025 Relo Group,inc.（8876.JP）
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1Copyright © 2025 Relo Group Inc. All rights reserved Consolidated Results （million yen） Actual FY2023/12 Actual FY2024/12 YoY Revenue 94,429 104,819 +11.0% Operating Profit 17,985 21,714 +20.7% Profit Before Income Taxes 18,557 43,992 +137.1% Net Income 12,638 37,279 +195.0% • Revenue and income increased, owing to growth in the mainstay stock business. • Operating profit grew double digits, 13.5%, excluding a 1.3 billion yen gain from the sale of assets in the Tourism Business recorded in the first half of the fiscal year. • Gain on sale of shares of Nihon Housing Co., Ltd. (Click here for details) and gain on return of foreign currency translation adjustment account were recorded under profit before income taxes and net income
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2Copyright © 2025 Relo Group Inc. All rights reserved Consolidated Results (excluding gain related to sale of shares of Nihon Housing Co., Ltd.) （百万円） Actual FY2023/12 Actual FY2024/12 YoY Revenue 94,429 104,819 +11.0% Operating Profit 17,985 21,714 +20.7% Profit Before Income Taxes 18,557 22,211 +19.7% Net Income 12,638 15,497 +22.6% • Secured growth of 19.7% in profit before income taxes and 22.6% in net income, even excluding gain on sale of shares of Nihon Housing Co., Ltd. and gain on return of foreign currency translation adjustment account.
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3Copyright © 2025 Relo Group Inc. All rights reserved 3,092 3,479 23/12期 24/12期 10,819 12,313 23/12期 24/12期 65,274 72,300 23/12期 24/12期 21,517 23,891 23/12期 24/12期FY2023/12 FY2024/12 Relocation Business Operating ProfitRevenue +12.5% +13.8% +2,373 +10.8%+11.0% +7,025 +386 +1,494 （millon yen） （millon yen） YoY YoYYoY YoY • Relocation business consists of the following sub-segments (1) Leased corporate housing management business (2) Residential property management business (3) Relocation support business • Sub-segment results are explained in the following pages FY2023/12 FY2024/12 FY2023/12 FY2024/12 FY2023/12 FY2024/12
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4Copyright © 2025 Relo Group Inc. All rights reserved 4,542 4,299 4,595 4,838 1,681 1,681 Relocation Business (Effect of Changes in Recognition Method) Operating ProfitRevenue （millon yen） （百万円） 65,274 66,784 • Following changes in the recognition method, total revenue in the first nine months of the previous fiscal year was +1,510 million yen. • Adjusted operating profit was 4,300 million yen (-240 million yen) in Leased Corporate Housing Management Business and 4,800 million yen (+240 million yen) in Residential Property Management Business. No effect on consolidated operating profit. Same period a year ago Disclosed figures Post adjustment 10,819 10,819 Same period a year ago Disclosed figures Post adjustment +1,510 million yen +240 million yen (240 million yen) Relocation support business Residential property management business Leased corporate housing management business
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5Copyright © 2025 Relo Group Inc. All rights reserved 4,299 4,832 23/12期 24/12期 6,850 7,616 23/12期 24/12期 1,208 1,313 23/12期 24/12期 20,901 23,438 23/12期 24/12期 Leased Corporate Housing Management Business ※After an adjustment to the year-ago figure due to changes in recognition method Operating ProfitRevenue +8.7% +12.4% +766 +12.1%+11.2% +2,537 +104 +532 （millon yen） （millon yen） • The stock base continued to expand. This is attributable to an increase in the number of leased corporate housing units. • Revenue related to job relocations rose, as did revenue from rental housing agency services increased. FY2023/12 FY2024/12 FY2023/12 FY2024/12 FY2023/12 FY2024/12 FY2023/12 FY2024/12 YoY YoY YoY YoY
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6Copyright © 2025 Relo Group Inc. All rights reserved Leased Corporate Housing Management Business 社 宅 管 理 戸 数 （ 戸 ） 留 守 宅 管 理 戸 数 （ 戸 ）193,791 206,355 227,254 249,884 267,475 8,675 8,765 9,234 9,432 9,786 8,400 9,200 10,000 175,000 222,500 270,000 12月 2021年 3月 6月 9月 12月 2022年 3月 6月 9月 12月 2023年 3月 6月 9月 12月 2024年 3月 6月 9月 12月 社宅管理戸数（戸） 留守宅管理戸数（戸） Dec Leased Corporate Housing Management Relocation House Rental Management Dec Mar 2021 Jun Sep Dec Mar 2022 Jun Sep Dec Mar 2023 Jun Sep Dec Mar 2024 Jun Sep ◼ Leased Corporate Housing Management • 前年同期比15,286戸増（6.9%増）の238,252戸 • 新規営業は引き続き好調 ◼ Relocation House Rental Management • 前年同期比613戸増（7.0%増）の9,320戸 • 267,475units YoY+17,591units +7.0% • The stock base expanded steadily. • 9,786units YoY+354units +3.8%
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7Copyright © 2025 Relo Group Inc. All rights reserved 4,838 5,306 23/12期 24/12期 1,519 1,701 23/12期 24/12期 35,262 36,462 23/12期 24/12期 11,841 12,376 23/12期 24/12期 Residential Property Management Business ※After an adjustment to the year-ago figure due to changes in recognition method Operating ProfitRevenue +12.0% +9.7% +535 +3.4%+4.5% +1,199 +182 +467 YoY YoY YoY YoY （millon yen） （millon yen） • Revenue from stock base business rose in tandem with an increase in the number of leased units managed. • Construction revenue from leased properties under management increased. FY2023/9 FY2024/9 FY2023/9 FY2024/9 FY2023/9 FY2024/9 FY2023/9 FY2024/9
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8Copyright © 2025 Relo Group Inc. All rights reserved Residential Property Management Business 賃 貸 管 理 戸 数 （ 戸 ） • 121,090units YoY+2,830units （+2.4%） • The Company aims to expand its stock base by increasing new management contracts and strengthening measures to prevent cancellation of contracts. 98,172 114,142 118,260 121,090 50,000 90,000 130,000 9月 12月 2022年 3月 6月 9月 12月 2023年 3月 6月 9月 12月 2024年 3月 6月 9月 12月
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9Copyright © 2025 Relo Group Inc. All rights reserved Gross profit on sales of real estate • The Company has adopted the policy of reducing amounts of real estate held • It aims to increase revenues from the stock base, although real estate sales and purchases will continue to be implemented in response to inheritance-related needs and as a measure to prevent cancellation of management contracts. *Non-GAAP （millon yen） 649 1,345 574 1,587 622 747 493 1,171 742 1,949 941 1,022 755 3,086 3,530 4,355 0 1,000 2,000 3,000 4,000 5,000 12月 2022年 3月 6月 9月 12月 2023年 3月 6月 9月 12月 2024年 3月 6月 9月 12月 会計期間 通期 ※The figure for September 2024 in the 2Q presentation has been revised. Three month Full Year Dec Mar 2022 Jun Sep Dec Mar 2023 Jun Sep Dec Mar 2024 Jun Sep Dec
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10Copyright © 2025 Relo Group Inc. All rights reserved 1,681 2,175 23/12期 24/12期 3,347 3,898 23/12期 24/12期 364 464 23/12期 24/12期 10,620 12,399 23/12期 24/12期 Relocation Support Business Operating ProfitRevenue +27.2% +29.4% +551 +16.8%+16.5% +1,778 +99 +494 （millon yen） （millon yen） YoY YoY YoY YoY • Both revenue and profit rose due to the optimization of prices for global relocation support, an increase in the number of corporate travel arrangements, and transactions of large assets overseas. • The number of households to which we provide global relocation support and the number of households to which we provide inbound relocation support declined from a year ago. New registrations exceeded the year-ago level. FY2023/12 FY2024/12 FY2023/12 FY2024/12 FY2023/12 FY2024/12 FY2023/12 FY2024/12
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11Copyright © 2025 Relo Group Inc. All rights reserved Relocation Support Business 海外赴任支援世帯数 インバウンド支援世帯数 • The number of cases decreased year on year, reflecting sluggish growth in the number of households relocating to China. • The number for the third quarter exceeded the year-ago level. • The number of households that received inbound relocation support decreased year on year, but demand remained high. 4,044 4,931 5,581 5,455 5,289 0 1,300 2,600 3,900 5,200 6,500 20/12期 21/12期 22/12期 23/12期 24/12期 574 362 2,305 1,907 1,840 0 600 1,200 1,800 2,400 3,000 20/12期 21/12期 22/12期 23/12期 24/12期 Number of Global Relocation Support Inbound Relocation Support（household） （household） FY21.12 FY22.12 FY23.12 FY24.12FY20.12 FY21.12 FY22.12 FY23.12 FY24.12FY20.12
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12Copyright © 2025 Relo Group Inc. All rights reserved 8,413 9,049 23/12期 24/12期 2,883 3,097 23/12期 24/12期 18,335 20,116 23/12期 24/12期 6,121 6,732 23/12期 24/12期 Fringe Benefits Business 営業利益売上収益 +7.4% +7.6% +611 +9.7%+10.0% +1,781 +213 +636 YoY YoY YoY YoY （millon yen） （millon yen） • Membership fee revenue, which is the stock base grew steadily by 11.3% YoY, ensuring profit growth. Revenue Operating Profit FY2023/12 FY2024/12 FY2023/12 FY2024/12 FY2023/12 FY2024/12 FY2023/12 FY2024/12
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13Copyright © 2025 Relo Group Inc. All rights reserved 14,000 Fringe Benefits Business 会 員 数 （ 万 人 ） 契 約 社 数 （ 社 ） • Membership7.47M people YoY+0. 47M people • Demand for the fringe benefit outsourcing service continued to expand. • Contracts with customers that introduced outsourcing service for the first time and those that switched from other companies both rose, as in the previous fiscal year. 672 656 700 747 8,000 11,000 14,000 0 450 900 9月 12月 2022年 3月 6月 9月 12月 2023年 3月 6月 9月 12月 2024年 3月 6月 9月 12月 会員数（万人） 契約社数（社） Dec Million people Membership Number of Member Companies Sep Dec Mar 2022 Jun Sep Dec Mar 2023 Jun Sep Dec Mar 2024 Jun Sep
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14Copyright © 2025 Relo Group Inc. All rights reserved 478 574 23/12期 24/12期 3,366 3,860 23/12期 24/12期 1,656 3,474 23/12期 24/12期 10,083 11,580 23/12期 24/12期 Tourism Business 営業利益売上収益 +20.1% +109.7% +494 +14.8%+14.7% +1,497 +96 +1,817 YoY YoY YoY YoY （millon yen） （millon yen） • A gain on sale of hotel assets of 1.3 billion yen was posted in the second quarter. • Excluding the effect of the sale of assets, operating profit increased 31.0%. • Hotel operation was robust, mainly attributable to the contribution of new facilities. Operating ProfitRevenue
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15Copyright © 2025 Relo Group Inc. All rights reserved Revision of Full-year Consolidated Financial Results Forecast （million yen） FY2025/3 before revision FY2025/3 after revision Change Revenue 140,000 140,000 ₋ Operating Profit 30,000 30,000 - Profit Before Income Taxes 48,000 51,000 +3,000 Net Income 33,000 40,000 +7,000 • The consolidated financial results forecast for the fiscal year ending March 31, 2025 has been revised as shown above. (Click here for details)
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16Copyright © 2025 Relo Group Inc. All rights reserved FY2025/3 Business Plan by Segment （million yen） FY2024/3 Actual FY2025/3 Plan YoY Revenue 132,580 140,000 +7,420 +5.6% Relocation Business 92,459 94,700 +2,241 +2.4% Leased Corporate Housing Management Business 28,917 32,000 +3,083 +10.7% Residential Property Management Business 48,964 46,700 （2,264） （4.6%） Relocation Support Business 14,576 16,000 +1,424 +9.8% Fringe Benefits Business 24,971 29,000 +4,029 +16.1% Tourism Business 14,081 15,300 +1,219 +8.7% Operating Profit 27,611 30,000 +2,389 +8.6% Relocation Business 16,773 17,400 +627 +3.7% Leased Corporate Housing Management Business 6,039 6,800 +761 +12.6% Residential Property Management Business 8,298 7,600 （698） （8.4%） Relocation Support Business 2,435 3,000 +565 +23.2% Fringe Benefits Business 11,509 13,300 +1,791 +15.6% Tourism Business 3,110 3,900 +790 +25.4%
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17 appendix
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18Copyright © 2025 Relo Group Inc. All rights reserved The Medium-term Management Plan The medium-term management plan - the "New Third Olympic Plan" Taking on challenges to achieve the No. 1 position in the domestic industry and build the foundations for reaching the global market. The “Second Start-up Stage" began on the fiscal year ended March 2012, which has continued over 20 years. During this period we will continue working towards achieving our vision based on a medium- and long-term business framework. Under the New Third Olympic Plan in the current medium-term management plan that will end in the fiscal year ending March 31, 2025, the Group has been working to achieve revenue of 150.0 billion yen and profit before income taxes of 35.5 billion yen. As announced in the “Notice Concerning the Execution of a Subscription Agreement for a Tender Offer for Shares of an Equity-Method Subsidiary and the Expected Recording of Finance Income” dated May 9, 2024, the Group expects to post a gain on sale of investments accounted for using equity method in the consolidated fiscal year ending March 31, 2025. Accordingly, it expects to post revenue of 140 billion yen, operating profit of 30 billion yen, profit before income taxes of 48 billion yen, and profit attributable to owners of the parent company of 33 billion yen. 15/3期 19/3期 22/3期 25/3期 First Olympic Plan Second Olympic Plan New Third Olympic Plan Profit Before Income Taxes 35.5B Profit Before Income Taxes 21.8B Profit Before Income Taxes 19.1B Profit Before Income Taxes 6.0B Third Olympic Plan FY2019/3FY2017/3 FY2022/3 FY2025/3 Global Start-up StageSecond Start-up Stage
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19Copyright © 2025 Relo Group Inc. All rights reserved 19% 26% 8% 37% 10% Relocation Business Diversified portfolio of the Relo Group FY2024/3 Percentage of operating income ■Leased Corporate Housing Management Business With our unique full-outsourcing services that substantially reduce the workload of a company's relocation supervisor, problems associated with the management of leasing corporate housing are solved. In addition, we support the various work involved with the housing field of corporate fringe benefit, that includes dispatching managers to company- owned dormitories and housing, housing mediation when transferring, and moving arrangements. ■Residential Property Management Business Commencing with the common brand "Relo no Chintai", we have expanded over 60 rental agents and management stores in major cities domestically, and are carrying out sales activities rooted in individual regions. In addition, with an abundant amount of information that utilizes a nationwide network and various support services, we are supporting "living in its entirety" for companies and people of communities. ■Fringe Benefits Business As a pioneer in the field of fringe benefits, we work in a community-based fashion at our offices across Japan. We help employees to enrich their lives and improve their work styles with extensive life support menus, including upskilling, medical examinations, childcare and nursing menus, as well as leisure and accommodation menus that help enrich their leisure hours. We therefore support the enrichment of the lives of our employees and the enhancement of corporate vitality. ■Relocation Support Business Starting from before a transfer, all the way until coming back home, we provide a one-stop total support service of the complicated procedures involved with overseas transfer, including in relation to working visa applications, medical examinations, vaccinations, and moving house overseas abroad. We also jointly provide a diverse range of related services such as providing a range of data related to overseas assignments, creating overseas transfer regulations, arranging tickets for business trips, and managing houses during a transfer. ■Tourism Business Through point-based timeshare resorts, we offer an irreplaceable time with families and friends. We provide a condominium-type members-only resort club that allows you to use just the facility, the time you need it.
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20Copyright © 2025 Relo Group Inc. All rights reserved FY2025/3 Business Plan by Segment （million yen） FY2024/3 Actual FY2024/3 Plan YoY Revenue 132,580 140,000 +7,420 +5.6% Relocation Business 92,459 94,700 +2,241 +2.4% Leased Corporate Housing Management Business 28,917 32,000 +3,083 +10.7% Residential Property Management Business 48,964 46,700 （2,264） （4.6%） Relocation Support Business 14,576 16,000 +1,424 +9.8% Fringe Benefits Business 24,971 29,000 +4,029 +16.1% Tourism Business 14,081 15,300 +1,219 +8.7% Operating Profit 27,611 30,000 +2,389 +8.6% Relocation Business 16,773 17,400 +627 +3.7% Leased Corporate Housing Management Business 6,039 6,800 +761 +12.6% Residential Property Management Business 8,298 7,600 （698） （8.4%） Relocation Support Business 2,435 3,000 +565 +23.2% Fringe Benefits Business 11,509 13,300 +1,791 +15.6% Tourism Business 3,110 3,900 +790 +25.4%
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21Copyright © 2025 Relo Group Inc. All rights reserved Tourism Business • Cashflow was improved using the Group’s own knowhow on customer transfer, digital transformation (DX), etc., with the aim to sell real estate at higher values. The Group received entrustment of real estate operations after such sales. • By selling assets, the Group will secure profit without increasing asset holdings. Purchase of FacilitiesRebranding Acquisition and rebranding of small and mid-sized local hotels and inns Operations Value Up Early restoration of profitability to enhance value of facilities, using Group’s own knowhow on customer transfer and DX Sale of assets Switching to receive entrustment of operations Sale to new owners Exclusively receiving entrustment of operations after such sale Reinvest Turning funds gained from such sales to purchase new facilities ■Gain on sale of assets （million yen） ■Book value of hotel operating facilities held （million yen） 5,556 6,707 5,785 6,552 21/3期 22/3期 23/3期 24/3期 183 0 633 577 21/3期 22/3期 23/3期 24/3期 Asset Sale Scheme FY21.3 FY22.3 FY23.3 FY24.3 FY21.3 FY22.3 FY23.3 FY24.3
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22Copyright © 2025 Relo Group Inc. All rights reserved 財政状態計算書 FY23/3 B/S Sublease Service Scheme Trade and other receivables Asset liabilities from sublease Lease liabilities from sublease Lease liabilities 85.1 41.7 41.7 74.6 • In the Leased Corporate Housing Management Business, both lease receivables and lease obligations for sublease service (subleasing) without vacancy risk are recorded. • Lease receivables are included in trade and other receivables as accounts receivable. • Starting in the fiscal year under review, the category under which lease obligations are recognized is changed from “lease liabilities” to “trade and other payables” in order to correspond to lease receivables. FY24/3 B/S Trade and other receivables Asset liabilities from sublease Lease liabilities from sublease Trade and other payables82.2 49.7 49.7 61.3 Lease liabilities 28.3 Trade and other payables 20.7 sublease agreement rental agreement Rent paidRental income Client Company Real estate ownerstraddling Relo （billion yen）（billion yen）
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23Copyright © 2025 Relo Group Inc. All rights reserved 0.0 6.0 12.0 0.00 12.00 24.00 10.4 0.0 6.0 12.0 0 12,500 25,000 Changes in PBR and Assessment of Current State • PBR started rising with business growth in the fiscal year ended March 31, 2012, but has declined since its peak in the fiscal year ended March 31, 2018. Although business results have recovered and record earnings were posted in the fiscal year ended March 31, 2023, PBR remained in the downward trend. • Since the acquisition of BGRS in the fiscal year ended March 31, 2020, the decline in adjusted ROIC has almost coincided with the period of declining PBR. OP （million yen） PBR ROIC （%） PBR Acquisition of BGRS PBR Operating Profit PBR PBRROIC after adjustment
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24Copyright © 2025 Relo Group Inc. All rights reserved Policies for Improvement • Setting target values for the four indicators (adjusted ROIC, ROE, adjusted net D/E ratio and shareholders’ equity ratio) in addition to revenue and profit before income taxes in order to promote management with emphasis on investment efficiency and profitability. The Group focuses on balancing capital efficiency and financial soundness as part of its growth strategies and aims for sustained growth and improved corporate value. ROIC after adjustment：15％ ROE：More than 20％ Capital adequacy ratio Debt Equity Ratio after adjustment Revenue Operating Profit Dividend payout ratioAround 30% Promoting dialogue and improving information disclosure employee stock ownership plan • Implementing shareholder returns based on achievements (improvement in earning power) • Dialogue will improve through IR and SR activities and the disclosure of non-financial information, etc. will improve. • Gaps with market perception will be narrowed. • Improvement of corporate value = Employee stock ownership ratio will be used as an indicator with the aim of promoting the enhancement of the value of assets held by employees. More than 30％Within 1.0 Implementing growth strategies based on stock business portfolioSecuring financial soundness through appropriate financial leverage control Setting targets for the four indicators.
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25Copyright © 2025 Relo Group Inc. All rights reserved Index（FY2024/3） Debt Equity Ratio after adjustment ROIC after adjustment Capital adequacy ratio ROE • Adjusted net D/E ratio and shareholders’ equity ratio deteriorated due to impairment loss related to SIRVA-BGRS. • Adjusted ROIC improved, attributable to reduced assets resulting from impairment loss as well as growth in operating profit. 1.2 1.0 1.6 0.5 1.0 1.5 2.0 22/3期 23/3期 24/3期 18.1 21.3 13.3 10.0 15.0 20.0 25.0 22/3期 23/3期 24/3期 12.0 12.1 14.8 4.0 8.0 12.0 16.0 22/3期 23/3期 24/3期 33.6 33.9 33.4 33.6 33.8 34.0 22/3期 23/3期 24/3期 ROE for FY2012/3 is blank due to the loss recorded. （%）（%） （%） (Note)Adjusted net debt-to-equity ratio and adjusted ROIC are calculated using adjusted net debt adjusted for cash and cash equivalents. FY22/3 FY23/3 FY24/3 FY22/3 FY23/3 FY24/3 FY22/3 FY23/3 FY24/3 FY22/3 FY23/3 FY24/3
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26Copyright © 2025 Relo Group Inc. All rights reserved Communication with Shareholders and Investors IR Achievements Speakers CEO・CFO・Director, Corporate Planning Office・IR Representative Shareholders and Investors Analysts(Sell-side,Buy-side)・Fund Managers（domestic and foreign） Main Themes ・Progress of Medium-Term Management Plan ・Business Portfolio Management ・Capital efficiency, Stock prices ・Disclosure details ・Corporate governance ・Addressing Environmental Issues Interviews and Events Achievements FY2023/3 FY2024/3 Number of IR interviews 213 249 Financial Results Briefing for Institutional Investors 4 4 Company Briefing for Institutional Investors 2 2 Relo Group strives to disclose information to shareholders and institutional investors in Japan and overseas actively, fairly and in a timely manner. Major IR activities include regular events, such as results presentations, and more than 200 IR meetings a year. In addition, we will expand the content of our website and will continue to actively disclose information.
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27Copyright © 2025 Relo Group Inc. All rights reserved Initiatives to Strengthen Corporate Governance After the Ordinary General Meeting of Shareholders held in June 2024, the Company transitioned from being a company with a board of corporate auditors to a company with an audit and supervisory committee. We will seek to strengthen the supervisory functions of the Board of Directors, continue to improve corporate governance by enhancing the monitoring system and expediting management decision-making with the goal of continuing to improve our corporate value. Name Standing Audit and Supervisory Committee Member Nominating and Compensation Advisory Committee Knowledge/Experience of Directors ◎ Chairman ◎ Chairman Company Management Sales/Marketi ng Finance/Accou nting IT Personnel Compliance ESG Chairman of the Board Masanori Sasada ○ ○ Representative Director, CEO Kenichi Nakamura ○ ○ ○ Director, CFO Yasushi Kadota ○ ○ ○ Director, COO Kenji Koshinaga ○ ○ Director, CIO, CSO Takeshi Kawano ○ ○ ○ Director, CHRO Katsuhiko Koyama ○ ○ Outside Director Masao Sakurai ◎ ○ Director Nobuyoshi Oki ◎ ○ ○ ○ Director Akane tsutsumitake ○ ○ ○ ○ Outside Director Kaori Sato ○ ○ ○ Outside Director Yoichi Homma ○ ○ ○ Outside Director Setsuko Yamamoto ○ ○ ○ ■ Skill Matrix of Directors
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28Copyright © 2025 Relo Group Inc. All rights reserved Shareholder Returns • After adjusting temporary factors, annual dividend for the fiscal year ended March 31, 2024 will be 37 yen, in line with the initial plan. • Annual dividend forecast for the fiscal year ending March 31, 2025 is 42 yenyen (ordinary dividend of 38 yen and special dividend of 4 yen). 15 18.4 22 26 29 19 29 33 37 38 4 0 10 20 30 40 50 16/3期 17/3期 18/3期 19/3期 20/3期 21/3期 22/3期 23/3期 24/3期 25/3期 （予想） Dividends per share(yen) FY20/3 FY21/3 FY22/3 FY23/3FY19/3FY18/3FY17/3FY16/3 FY25/3 estimate FY24/3 ◼ Dividend Policy The Company regards profit distribution to shareholders as one of its most important issues. The basic policy of the Company is to pay dividends in line with its consolidated business results, with a dividend payout ratio of around 30% as the target. In addition, it will strive to distribute profits consistently by adjusting the impact of unexpected factors if necessary.
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29Copyright © 2025 Relo Group Inc. All rights reserved Planning and IR Group, Relo Group, Inc. E-Mail: ir@relo.jp URL: http://www.relo.jp/ The information contained in this presentation is provided for information purposes only and should not be construed as a solicitation to invest in our securities. This material has been prepared based on the currently available information as of December 2024 and they contain forward-looking statements that reflect Relo’s plans and expectations as of the above date. Relo bears no responsibility or liability for the accuracy of the information, or for any actions arising from the use of the information in this presentation. Moreover, the contents of this material are subject to change without notice. Contact