Riso Kyoiku remediates material weaknesses in internal controls

Riso Kyoiku announced today that it has confirmed the effectiveness of its internal controls over financial reporting. The company identified errors in the quarterly review process for the first quarter of the fiscal year ending February 2025, related to allowance for doubtful accounts and impairment of fixed assets, which led to the filing of an amended internal control report. Riso Kyoiku has since implemented corrective measures including revising accounting manuals, establishing an Internal Control Section, and enhancing staff training programs. As a result, the company has remediated the material weaknesses as of the end of the prior fiscal year and has submitted an Internal Control Report to the Kanto Local Finance Bureau reflecting this conclusion.