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Last updated : 2012/01/24

Group Management Policy

Medium-Term Management Plan FY2012-2016

1. Benesse Group’s Growth Vision

As a company involved in “Education (Human Resource Development)” and “Solutions for Society’s Challenges,”

1 become the world’s No. 1 company in the education field, supporting childcare, education and human resource development globally.
1

position senior/nursing care business as an important growth field and propel growth further.

2. Numerical Targets

Fiscal 2016 net sales: ¥600 billion; operating income ratio: 10%

  • – Secure steady profits from existing businesses and use them for overseas expansion and strengthening new businesses
  • – Accelerate overseas expansion, aiming for an overseas sales ratio of 25%

(Unit: Billion yen)

FY201 Actual
FY2011 Forecasts
FY2016 Targets
Net Sales
412.8
421.9
600.0
Operating Income
42.8
33.8
60.0
Overseas sales ratio
11.7%
12.8%
25.0%
ROE
11.3%
9.8%
12% or more

3. Key Strategic Tasks and Strategies by Business

Promote growth strategies in the domains of “education and childcare,” “language/global leadership training” and “senior/nursing care.”

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    Accelerate global business development

    Overseas Education Business Domain
    – Enhance global business development of preschool correspondence courses (Kodomo Challenge)
    – Develop new businesses in China
    – Form alliances with leading overseas companies and invest in them

    Language/Global Leadership Training Business Domain
    – Enhance language/ global leadership training (GLT) business for corporate customers
    – Develop emerging markets
    – Enhance ELS business (Study abroad support business)

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    Enhance and expand domestic education and childcare businesses

    Domestic Education Business Domain
    – Develop next generation of Shinkenzemi
    – Strengthen English learning business
    – Expand services using prep schools and classrooms

    Lifestyle Business Domain
    – Concentrate resources on enhancing business fields of pregnancy, childbirth and child rearing
    – Transform mail-order business model (e-marketplace)

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    Expand senior/nursing care business

    Senior/Nursing Care Business Domain
    – Steady growth in existing businesses
    – Expand target markets
    – Expand business domains

4. Capital Policy

Make proactive business investment for growth while actively continuing to provide shareholder returns.

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    Dividends

    – Target payout ratio: 35% or above

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    Share buybacks

    – Purchase treasury stocks while monitoring market trends
    – Aim to cancel in principle treasury stock holdings above 5% of issued shares each period

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    Business investment and M&As

    – Business investment: Invest in medium- to long-term growth, infrastructure development, etc.
    – M&As: Proactively implement M&As, aiming for independent growth in each business domain.

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