Translation
Notice: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the latter shall prevail.

Summary of Consolidated Financial Results for the First Quarter of the Fiscal YearEnding March 2025 (Based on Japanese GAAP)
August 9, 2024
Company name: Interworks Confidence Inc.

Listing exchange: Tokyo Stock Exchange

Securities code: 7374

URL: https://ciw.jp/

Representative: Nobuyuki Takushi, President
Inquiries:

Koji Nagai, Director in charge of Administration Division

Phone: +81-3-5312-7700

Scheduled date for commencing dividend payments: –Preparation of supplementary materials on financial results:

Yes

Holding of financial results briefing session:

No(Amounts are rounded down to the nearest million yen, unless otherwise noted)
1. Consolidated Financial Results for the First Quarter (April 1, 2024 to June 30, 2024) of the Fiscal Year Ending March 31, 2025
(1) Consolidated Operating Results (Cumulative)(Percentage figures represent year-on-year changes)
Profit attributable toRevenue
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
First quarter ended June 30, 2024
2,170
54.0
349
23.8
350
42.6
223
33.7
First quarter ended June 30, 2023
1,409
12.7
282
19.6
245
4.0
167
7.3
(Note) Comprehensive income
First quarter ended June 30, 2024:
222 million yen [33.1%]
First quarter ended June 30, 2023:
167 million yen [7.3%]

First quarter ended June 30, 2024
First quarter ended June 30, 2023

Basic earnings per
share
Yen
35.08
36.18

Diluted earnings pershare
Yen
34.71
35.36(2) Consolidated Financial Position
Total assets
First quarter ended June 30, 2024
Fiscal year ended March 31, 2024
(Reference) Total shareholders’ equity
As of first quarter ended June 30, 2024:
As of fiscal year ended March 31, 2024:

Net assets

Millions of yen
6,278
7,184

Equity ratio

Millions of yen
5,150
5,970

%
81.5
82.7

5,114 million yen
5,939 million yen

2. Cash Dividends
Annual dividends per share
End of 1st quarter End of 2nd quarter End of 3rd quarter
Yen

Fiscal year-endTotalYenYenYenYen

Fiscal year ended March 31, 2024
25.00
Fiscal year ending March 31, 2025
Fiscal year ending March 31, 2025
30.00
(Forecast)(Note) Revisions to the most recently announced dividend forecast: No-

30.00

55.00

-35.0065.00

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2025 (from April 1, 2024 to March 31, 2025)(Percentage figures indicate year-on-year changes)
Profit attributable to Basic earnings per
Revenue
Operating profit
Ordinary profit
owners of parent
shareMillions of yen%

Millions of yen%

Millions of yen

First two quarters
4,306 32.5570 1.6(cumulative)
Full year
9,000 20.2
1,400 17.1(Note) Revisions to the most recently announced earnings forecast: No%

Millions of yen%

Yen

571 11.8

358

6.3

57.00

882 21.6

140.001,401 22.6

* Notes(1) Significant changes in the scope of consolidation during the quarter: No(2) Application of accounting treatments specific to the preparation of quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
1) Changes in accounting policies due to revisions to accounting standards and other regulations: No
2) Changes in accounting policies other than those in 1) above:No3) Changes in accounting estimates:No

4) Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares)
First quarter ended June 30, 2024
6,657,377 shares Fiscal year ended March 31, 2024
2) Number of treasury shares at the end of the period
First quarter ended June 30, 2024
537,526 shares Fiscal year ended March 31, 2024
3) Average number of shares during the period (cumulative from the beginning of the fiscal year)
First quarter ended June 30, 2024
6,376,379 shares First quarter ended June 30, 2023

6,655,177 shares
6,300 shares
4,625,046 shares* Review of the Japanese-language originals of the attached quarterly consolidated financial statements by a public accountants oraudit corporation: No* Explanation regarding appropriate use of earnings forecasts, and other notes
The earnings outlook and other forward-looking statements contained in this document are based on information currently available
to and certain assumptions that are thought to be reasonable by the Company. Accordingly, such statements should not beconstrued as a guarantee of achieving the results by the Company. Actual financial results and the like may differ materially due tovarious factors.

Contents of Attachment
1. Quarterly Consolidated Financial Statements and Major Notes ........................................................................................................... 2(1) Quarterly Consolidated Balance Sheets .......................................................................................................................................... 2(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income .................... 4
Quarterly Consolidated Statements of Income ............................................................................................................................... 4(Cumulative) ................................................................................................................................................................................ 4
Quarterly Consolidated Statements of Comprehensive Income ..................................................................................................... 5(Cumulative) ................................................................................................................................................................................ 5(3) Notes to Quarterly Consolidated Financial Statements .................................................................................................................. 6(Notes on Going Concern Assumption) ........................................................................................................................................... 6(Notes in Case of Significant Changes in the Amounts of Shareholder’s Equity) ............................................................................ 6(Notes to Quarterly Consolidated Statements of Cash Flows) ........................................................................................................ 6(Notes to Segment Information, Etc.) ............................................................................................................................................. 71

1. Quarterly Consolidated Financial Statements and Major Notes(1) Quarterly Consolidated Balance Sheets(Thousands of yen)Previous fiscal year
(As of March 31, 2024)

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Accounts receivable - other
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Total property, plant and equipment
Intangible assets
Software
Goodwill
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Guarantee deposits
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

2

First quarter of current fiscal year
(As of June 30, 2024)

4,089,380
818,6425,462
100,161(5,212)
5,008,434

3,317,225
789,079
5,376
74,665(525)
4,185,821

123,452(55,943)
67,50897,268(69,604)
27,663
95,172

123,732(67,178)
56,55399,900(71,680)
28,21984,772

146,091
1,539,817
1,685,908

131,474
1,498,572
1,630,046

15,000151,604
224,1334,331(22)
395,0462,176,127
7,184,561

15,000138,797
223,600
5,471(4,686)378,183
2,093,002
6,278,823

(Thousands of yen)Previous fiscal year
(As of March 31, 2024)
Liabilities
Current liabilities
Current portion of long-term borrowings
Accounts payable - trade
Accounts payable - otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Deposits received
Contract liabilities
Refund liabilities
Provision for bonuses
Total current liabilities
Non-current liabilities
Long-term borrowings
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Share acquisition rightNon-controlling interests
Total net assets
Total liabilities and net assets

3First quarter of current fiscal year
(As of June 30, 2024)

3,159
83,755225,063
326,041
231,617
154,827
29,776
1,245
7,818
142,088
1,205,394

3,159
83,076
196,950
349,303
120,935
172,664
46,2871,737
7,118
139,473
1,120,707

8,529
8,529
1,213,923

7,800
7,800
1,128,507

520,784
3,893,706
1,535,227(10,143)5,939,574
27,403
3,660
5,970,638
7,184,561

521,334
3,894,256
1,559,446(860,309)
5,114,727
32,8562,732
5,150,315
6,278,823

(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income
Quarterly Consolidated Statements of Income(Cumulative)

Revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Rental income from buildings
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Commission expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Office relocation expenses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

First quarter ofprevious fiscal year
(April 1, 2023 - June 30, 2023)
1,409,111
891,999
517,111234,535
282,576(Thousands of yen)First quarter ofcurrent fiscal year
(April 1, 2024 - June 30, 2024)
2,170,502
1,083,460
1,087,042
737,249
349,792

92
92

16
612
226
854

37
36,778265
37,081
245,58627
308
336
350,311245,586
73,848
4,409
78,257
167,329
167,329

4,325
4,325
345,986
110,42212,807
123,229
222,757(928)
223,685

4

Quarterly Consolidated Statements of Comprehensive Income(Cumulative)

ProfitOther comprehensive income
Total other comprehensive income
Comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests

First quarter ofprevious fiscal year
(April 1, 2023 - June 30, 2023)
167,329(Thousands of yen)First quarter ofcurrent fiscal year
(April 1, 2024 - June 30, 2024)
222,757

167,329

222,757

167,329

223,685

-

(928)

5

(3) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
Not applicable.

(Notes in Case of Significant Changes in the Amounts of Shareholder’s Equity)
The Company acquired 530,000 treasury shares in accordance with the resolution made at the Board of Directors’ meeting
held on May 10, 2024. As a result, during the first quarter of the current fiscal year, treasury shares increased by 850,166
thousand yen including the purchase of shares less than one unit, amounting to 860,309 thousand yen at the end of thequarter.
(Notes to Quarterly Consolidated Statements of Cash Flows)
The Company has not prepared quarterly consolidated statements of cash flows for the first quarter of the current fiscalyear. Depreciation (including amortization of intangible assets) and amortization of goodwill for the first quarter of thecurrent fiscal year are as follows.
First quarter ofFirst quarter ofprevious fiscal year
current fiscal year
(April 1, 2023 - June 30, 2023)(April 1, 2024 - June 30, 2024)
Depreciation
3,758 thousand yen
27,928 thousand yen
Amortization of goodwill
41,245 thousand yen

6(Notes to Segment Information, Etc.)
I. First quarter of the previous fiscal year (April 1, 2023 to June 30, 2023)
1. Information on revenue and profit or loss and revenue breakdown by reportable segment(Thousands of yen)Amountrecorded in
Adjustments
quarterly(Note 1)statements ofincome(Note 2)

Reportable segment
HR Solution
business Staffing/Outsourcing

HR Solution
business Recruitment

Staffing
RecruitmentJob advertisement
Outsourcing and other
Revenue from contracts withcustomers

1,331,198
54,173

16,993-6,746

1,331,198
16,99360,919-1,331,198
16,99360,9191,385,371

16,993

6,746

1,409,111-

1,409,111

Sales to outside customers

1,385,371

16,993

6,746

1,409,111-

1,409,111

-

--

--

-

1,385,371

16,993

6,746

1,409,111-

1,409,111

378,091

7,105

3,864

389,060(106,483)

282,576

Media &Solutions
business

Total

Revenue

Inter-segment sales ortransfers
Total
Segment profit(Note) 1. Adjustments of segment profit of -106,483 thousand yen include corporate expenses of 106,483 thousand yen thatare not allocated to each reportable segment.
2. Segment profit has been adjusted with the operating profit in the Quarterly Consolidated Statements of Income.

7II. First quarter of the current fiscal year (April 1, 2024 to June 30, 2024)
1. Information on revenue and profit or loss and revenue breakdown by reportable segment(Thousands of yen)Amountrecorded in
Adjustments
quarterly(Note 1)
statements ofincome(Note 2)

Reportable segment
HR Solution
business Staffing/OutsourcingHR Solution
business Recruitment

Staffing
Recruitment
Job advertisement
Outsourcing and other
Revenue from contracts withcustomers

1,344,239
62,757384,473-

259,164
119,867

1,334,239
384,473
259,164
182,624-

1,344,239
384,473
259,164
182,624

1,406,996

384,473

379,0312,170,502-

2,170,502

Sales to outside customers

1,406,996

384,473

379,0312,170,502-

2,170,502

-

--

-

-

-

1,406,996

384,473

379,0312,170,502-

2,170,502

354,738

133,902124,802613,443(263,650)

349,792

Media &Solutions
business

Total

Revenue

Inter-segment sales ortransfers
Total
Segment profit(Note) 1. Adjustments of segment profit of -263,650 thousand yen include amortization of goodwill of 16,498 thousand yenand corporate expenses of 247,152 thousand yen that are not allocated to each reportable segment.
2. Segment profit has been adjusted with the operating profit in the Quarterly Consolidated Statements of Income.
2. Information on changes in reportable segments, etc.
As of August 1, 2023, during the second quarter of the previous fiscal year, the Company merged with Interworks, Inc.,the absorbed and dissolving company, and changed its name to Interworks Confidence Inc. As a result, the Group’sbusiness domain expanded significantly, and the reportable segment classification has been changed to “HR Solution
business - Staffing/Outsourcing,” “HR Solution business - Recruitment,” and “Media & Solutions business” since thesecond quarter of the previous consolidated fiscal year.
The segment information for the first quarter of the previous fiscal year has been reclassified based on the newreportable segment classification.

8