Create a Sustainable World.
FY2023 Financial Results
Full Year
February 14, 2024 (Wed.)
WORLD HOLDINGS CO., LTD.
TSE Prime Market (2429)

CONTENTS

01

02

03

04

Company Overview
and Strengths

Summary of FY2023
Financial Results

Outlook for the TermEnding December
2024

Appendix
About Us

P.3

P.18

P.28

P.34

© WORLD HOLDINGS CO., LTD.

2

01

Company Overview
and Strengths

P.3© WORLD HOLDINGS CO., LTD.

P.4

The Purpose of the WORLD HOLDINGS GroupP.5

The Four Key Elements of WORLD HOLDINGS
and its Stability

P.6

Business Segment Sales and Operating Profit

P.7

Goals for the Two Core Businesses

P.8

Human Resources and Education Business

P.9

Consortium Collaboration Centered on Outsourcing

P.10

Use of the Consortium Model

P.11

Collaboration with Prominent Companies

P.13

Real Estate Business: Sustainable Growth Due to ThoroughRisk Management

P.14

Real Estate Business: Purchasing Skills and Partnerships
with Major Companies for Large Development Projects

P.15

Agricultural Park Business: Use of Revitalization Expertiseat Four Directly Managed Parks

P.16

Progress of Medium-term Management Plan

P.17

Actions for Management with Priority on the Cost of Capitaland Stock Price
3

The Purpose of the WORLD HOLDINGS Group
Contribute to happinessand a sustainable society
through the creation of avariety of ways we live
worldwide
Enabling people worldwide to enjoy evenmore energetic and fulfilling lives will
create happiness and contribute toprogress in many ways, thereby helping to
make the world better.
Our mission is to play a role in the creationof an energetic and stimulating society
where people can enjoy their lives.
© WORLD HOLDINGS CO., LTD.

4

The Four Key Elements of WORLD HOLDINGS and its Stability
The ways we work

The ways we create communities

We want to help people of all kinds find jobs that best
match their skills and goals in order to enable them toexperience the joy and satisfaction of work. By
providing training, we give people the skills to achieve
their full potential, which supports the growth andadvancement of businesses.

Pleasant communities are essential for people to lead enjoyableand fulfilling lives. By designing these communities, we provide
an environment for vibrant and satisfying lifestyles. Activities
place priority on preserving the environment and natural
resources in order to be a responsible member of society.

Human Resources
and Education

The ways we provide
convenience and safety

We are dedicated to creating the use of today’s
advanced information technology infrastructure forbeing a source of convenience and for establishing anenvironment where people can enjoy their lives withconvenience and confidence.
Information andTelecommunications© WORLD HOLDINGS CO., LTD.

The
Ways
We Live

Real Estate

The ways we look to the future
Agricultural parks help protect the environment and conserve
the earth’s resources while giving children a place where they
can grow. By operating these parks, we are playing a role insustainable social progress.

Agricultural Park

5

Business Segment Sales and Operating Profit Risk diversification and benefits of mutually complementary activities are the characteristics of the multi-business portfolio of WORLDHOLDINGS consisting mainly of the Human Resources and Education Business and the Real Estate Business.
Operating profit* (Million yen)

Neｔ sales (Million yen)

Consolidation adjustments
Agricultural Park BusinessInformation and Telecommunications Business
Real Estate Business
Human Resources and Education Business

Agricultural Park BusinessInformation and Telecommunications Business
Real Estate Business
Human Resources and Education Business

3,078
12,37652,011

3,639
12,34442,082

2,754
9,133
48,08175,036

77,774

83,142FY2018FY2019FY2020

3,367
9,367

4,314
8,399

158
125

4,721
7,710
42,906FY2021

158,403

1,460

2,800
FY2022

3,181

4,590

2,977

36,977104,992

118

240

38,044

132,880101
4FY2023

117
10

3,550

4,000

2,900
-221

FY2019FY2020

5,179

4,872

FY2022

FY2023-20
FY2021* Consolidation adjustments: Elimination of intersegment transactions, corporate expenses not allocated to specific segments and other items© WORLD HOLDINGS CO., LTD.

6

Goals for the Two Core Businesses Aiming for growth backed by a balanced business portfolio centered on the Human Resources and Education Business and the Real EstateBusiness

Human Resources and Education Business

Growth by taking on risk

Create a Sustainable World.
Use a well-balanced businessportfolio for rapid growth andactivities that help create asustainable world

Thorough risk management
The goal is sustainable growth
while minimizing risk exposure

Products HR Business: Growth within this domain The Ways We Live
Services HR Business: Expansion to more market sectors
Human
ResourcesandEducation

Manufacture Technology

Products HR

R&D

DeepenService HR Business
Customer
services

Logistics(Billion yen)

TourismDevelopment

More market breadth

Net sales

Operating profit(Billion yen)

200
2,000

10100

150
1,500

880

50
500

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023© WORLD HOLDINGS CO., LTD.

Real estate
finance

Real estate
revitalization(Billion yen)

Net sales

Operating margin

500
50

50%

40
400

40%

300
30

30%

440

20
200

20%

220

10
100

10%

0

0

660

100
1,000

0

Real Estate Business

FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023*Segments were revised in FY2022 and prior years are restated for consistency. However, data for FY2020 and prior years are estimates.

0%7

Human Resources and Education BusinessBusiness process outsourcing and staffing services thatseamlessly cover a broad range of business domains
Labor management is a key strength

Manufacturing domain
Products Human Resources Business

半導体
機械
電気電子

After-sales service

半導体
自動車
情報通信

Manufacturing

Design/Development

R&D
医薬
バイオ
CRO

Support for upstream to downstream
processes for manufacturing© WORLD HOLDINGS CO., LTD.

About

Service domain
Services Human Resources Business

Tourism

Logistics

Tourismindustry

E-commerceSales
directly tocustomers
High-volume retailers
Department
stores

A strategically targeted approachfor rapid growth in the services
domain54,000 workers in service*As of the end of December 2023

8

Consortium Collaboration Centered on Outsourcing
 Our goal is sustainable growth by using collaboration with other human resources companies and partnerships with clients, all centered on outsourcing.

Co-sourcing

A higher level of outsourcing by working even more closely with customers as a good partner andreceiving the benefits of joint activities together

Outsourcing
V• Upgrade training programs andretention rates• Higher profitability by improving
productivity• Help customers increase productivity• Mutual stability during
economic/market downturns

Activities with other HR companies

Activities with client companies• WORLD HOLDINGS
outsources projects and works
with other HR and othercompanies• Contribute to industry
innovations and advances byusing partnerships with leading
companies in various industries
and leveraging the knowhow ofWORLD HOLDINGS and clientcompanies

Consortium
model

Collaboration
with prominentcompanies

Contribute to happiness and a sustainable society through the creation of a variety of ways we live
© WORLD HOLDINGS CO., LTD.

9

Use of the Consortium Model Customers outsource tasks to WORLD HOLDINGS, which then performs work jointly with local human resources companies and bycollaborating with partner companies of client companies.
 Horizontal utilization of knowhow in the logistics sector at JW SOLUTION, TOHO WORK and other companies（Example)

Collaboration with local human resources companies

Received contract to operate several logistics
warehouses of a large foreign e-commerce company

WORLD STAFFING CO., LTD (logistics sector)

Customers
WORLD HOLDINGS Performs outsourced tasks
WORLD STAFFING CO., LTD

Labor management
WORLD STAFFING CO., LTD

Human resources
company

Human resources
company

Human resources
company

Human resources
company

a

a

a

a

A

© WORLD HOLDINGS CO., LTD.

b

c

d

B

b

c

d

C

b

c

d

D

b

c

d

10

Collaboration with Prominent Companies (1) Alliances with prominent companies in other industries are used to play a role in industry reforms and innovation and in making improvements
at alliance partners. Growth of WORLD HOLDINGS is another goal.

For tourism industry progress and dealing withthe labor shortage

Assist with passing on basic materials technologies andskills to younger people and with progress in this industry

Toho Titanium

Outsourcing and temporary staffing services for hotels, tourism
destinations, venues for large events and other locations

Handling outsourced manufacturing and other activities through thecentralization of the external resources of Toho Titanium

Assistance concerning the shortage offace-to-face salespeople
MITSUI MINING &SMELTING CO.,LTD.
Dimples’ Co., Ltd.
Relationships with more than 7,500 companies involving face-to-face retail
operations, the provision of information and other sales activities© WORLD HOLDINGS CO., LTD.

Sankin Kaihatsu
Started a new business by purchasing the majority of the equity of
Sankin Kaihatsu, which was previously a wholly owned subsidiary of
Mitsui Mining & Smelting
11Collaboration with Prominent Companies (2) Established a strategic business alliance with Yamato Holdings Co., Ltd.
 Yamato Staff Supply Joins the WORLD HOLDINGS Group
Strategic Business
Alliance

YAMATOHOLDINGSYAMATOSTAFF SUPPLY

Leader in “last-mile”
deliveries

Temporary staffing
mainly for Yamato
Transport

The Next Steps

YAMATOHOLDINGSYAMATOSTAFF SUPPLY

Leader in outsourced
operations for
distribution
warehouses

Support for optimization of logistics operations

Establishment of a dynamic HR portfolio

 Optimization of use of human resources by performing the management

 Use of outsourced distribution warehouse operation knowhow to raise theof temporary staffing orders for Yamato Transport
 Opportunities for Yamato Staff Supply personnel to work in new fields
and receive reskilling training Support for second careers for postal service personnel of Yamato
Transport© WORLD HOLDINGS CO., LTD.

productivity of warehouse tasks
 Placement of people in the most suitable jobs by using the visualization of
the movements of personnel and of equipment and shipments
 Horizontal expansion of outsourced distribution warehouse tasks for a
dynamic HR portfolio that can contribute to sustainable growth of thelogistics industry
12Real Estate Business: Sustainable Growth Due to Thorough Risk Management This business is using prudent management of operations for sustainable growth while minimizing risk exposure.
 Purchasing carefully selected high-quality properties while retaining a cautious stance about real estate acquisitions; managing
operations with emphasis on high inventory turnover
Real estate for sale / real estate for sale in process /inventory turnover (Billion yen)

Net sales and segment profit (Billion yen)
Net sales

Real estate for sale / real estate for sale in process

Segment profit

Inventory turnover (times)

62.2
48.0
42.0

36.9

38.0

42.9

49.6
42.6
35.0
27.8

4.5
3.5

2.9

3.1

1.4
FY2019FY2020

FY2021

FY2022

FY20231.2

1.1

FY2019FY20201.3

FY20211.1

0.9

FY2022

FY2023Inventory turnover = Real Estate Business sales in previous year / Real estate for sale and real estate for sale in process at the end of the previous year
© WORLD HOLDINGS CO., LTD.

13

Real Estate Business: Purchasing Skills and Partnerships with Major
Companies for Large Development Projects
 Using land development expertise, a core strength, and working with major real estate companies at large development projects

Strength in land development

Land
development
expertise
Development starting byidentifying sites with potential

Development projects with major real estate companies
Joint
projectsLand
development

Examples of joint development projects
BRANZ
Yokohama
Bashamichi
Residential

Real estate
M&A
Synergy with HR
education

Use of real estate bycollecting receivables

Residential Series

Examples of business partners
Nomura Real Estate Development
Co., Ltd.
Mitsubishi Estate Residence Co.,Ltd.
Mitsui Fudosan Residential Co.,Ltd.

Collection
company in the
WORLD
HOLDINGS Group

Sumitomo Realty & Development
Co., Ltd.

Residential Aoba Hirosegawa© WORLD HOLDINGS CO., LTD.

WORLDHOLDINGS
properties

ONE PARKRESIDENTIAL
TOWERSTokyo Tatemono Co., Ltd.
TOKYU LAND CORPORATION
14

Agricultural Park Business: Use of Revitalization Expertise at Four Directly Managed
Parks to Receive Contracts to Operate More Parks

 WORLD HOLDINGS plans to increase earnings of managed facilities by utilizing revitalization and profitability know-how acquired at the four directly
managed facilities in the designated management business.
 Operating more facilities as the designated manager for the owners will create win-win relationships with local governments and other organizations
that own these facilities. This will also enable WORLD HOLDINGS to help invigorate regional economies and create jobs.
 Received contracts as the designated manager or other position at five agricultural parks
in 2023; operations will start in April 2024 at four of these locations.
Operation of nature-rich agriculturalparks, etc. at 15 locations around Japan

Revitalization know-how acquired at
4 directly managed facilities
New mindset
for employees

Investments forearnings growth

Increase invisitors•Make facilities more
•Facilities become
attractive
profitable•Treat visitors with sincerity•New attractions and otheractivities•Larger selections of foodand souvenirs

Net sales

4,314

Segment profit

3,639(Million yen)

2,900

3,078

2,754

Operation of a total of 15 facilities, including 4 directly
managed facilities and other entrusted facilities
Deepen regional roots and contribute to theregional economy and job creation

4,721

4,861

Comorebi

Ibaraido Forest

Minokamo Rest Area
Kanzaki Farm Park

Chiba Zoological Park

Yodel Forest

Fureai Dobutsu-no-Sato

Niimi Chiya Onsen Ibukinosato

Nagai seaside Park

Soleil Hill

Kitakyusyu Municipal

3,367

Directly
managedSougou Nouji Center
Shiga Agricultural Park

Hibikinada

Directly
managedBlumen Hugel Farm

Green Park

Sakai Greenery Museum Directly

158

117
-226

-396
FY2017FY2018-221
FY2019FY2020

Directly
managed

101

161

-20

FY2021

FY2022

FY2023

FY2024
Forecast

1st and 2nd years

3rd year

4th and 5th years

Improvements tofacilities

Investments

Pandemic© WORLD HOLDINGS CO., LTD.

6th year onwards

Consistent profitability

Okayama Forest Park

German Forest

Ohashi Kogen International
Exchange Village
Contracted projects
Starting in • Saitama City Urban Park Group 8
April 2024 • Saitama City Urban Park Group 10• Hyogo Prefectural Awaji Cultural Hall

Harvest HillmanagedAma Site Park
Osaka Prefectural

Garden of Floral Culture
Wakayama Castle
Zoological Park

April 2023
Start of designatedmanagement

Starting in • Kobe Port Waterfront Area
April 2024
(Meriken Park - Harborland Square)
Starting in • (Tentative name) Michi no Eki “Kumagaya”
March 2028

15

Progress of Medium-term Management PlanFirst half of the plan was building a sound base,second half is using this base for growth During the first two years, growth of the education business andexpansion of subcontracting/outsourcing to more industries alongwith M&A and other activities established a sound base for growth.
 During the last three years, this base will be used for the growth ofsales and earnings.

FY2026 Targets
Net sales

Operating profit

Payout ratio

275.0 billion ¥15.0 billion

30%¥(Million yen)

Medium-term Management Plan 2026

(Million yen)
270,000

Agricultural Park Business

17,000

Against initial
plan

Information and Telecommunications Business

15,000Net sales

Real Estate Business+6.2%

Human Resources and Education Business
Operating profit

Operating profit

220,000

13,000+4.5%

11,000170,000
9,000

120,000
7,000

70,000

FY2021(Results)

FY2022(Plan)FY2022(Results)

First year results© WORLD HOLDINGS CO., LTD.

FY2023(Plan)FY2023(Results)

Second year results

FY2024(Medium-termManagement
Plan)

FY2024(Plan)FY2025(Plan)FY2026(Plan)

5,000

16

Actions for Management with Priority on the Cost of Capitaland Stock Price The FY2023 ROE was 16.4%, which is higher than the FY2026 ROE forecast of 16.2%. The plan is to maintain the ROE at this level.
 The PBR is currently more than one and the goal is to earn an even higher PBR by increasing earnings while maintaining a high ROE.

Maintain and increase the ROE
Use medium-term management plan goals for net income growth and a high or even higher net
income/sales ratio
Maintain/increase
net income/sales ratio

High or even higher
asset turnover

Maintain a soundlevel of financial
leverage© WORLD HOLDINGS CO., LTD.

• By achieving the FY2026 operating profit goal of ¥15 billion (50% higher than in FY2023), increase sales and keep the net
income/sales ratio high or even higher Sustainable growth of Products Human Resources Business by adding more outsourcing clients and further diversifying theindustries of client companies
 Use consortiums and collaboration involving Services Human Resources Business to expand operations to more logistics sectors
and establish a stronger position in the face-to-face sales and tourism categories
 Sustainable growth of the Real Estate Business by carefully managing risk

Use sales growth in the Human Resources and Education Business to increase the overall asset
turnover.

• Increase company-wide total asset turnover through sales growth in the asset-efficient Human Resources and Education Business• Continue to thoroughly manage risk exposure in the Real Estate Business and manage operations with emphasis on asset turnover.

Maintain financial soundness with risk management that includes monitoring the debt/equity ratio• Pay a dividend during the medium-term management plan with a 30% payout ratio as the guideline to distribute earnings toshareholders while increasing equity.
• Maintain a sufficient equity ratio for the financial soundness.
• Base real estate operations on thorough risk management that includes the debt/equity ratio and avoid excessive leverage due toloans.
17

02

Summary of FY2023
Financial Results

P.19

Summary of Financial Results

P.20

Overview of Business Results

P.21

Overview of Business Results by Segment

P.23

Products Human Resources Business

P.24

Services Human Resources Business

P.25

Real Estate Business

P.26

Information and Telecommunications Business

P.27

Agricultural Park Business

P.18© WORLD HOLDINGS CO., LTD.

18

Summary of Financial Results
Overall summary

Record high sales and earnings; the group’s multi-business portfolio allowed responding with flexibility tochanges in the business climate
Sales increased 16.4% and operating profit was up 16.1% as sales and earnings surpassed the plan.
Human Resources and Education Business started recovering in the second half and Real Estate performed wellthroughout 2023; the WORLD HOLDINGS strength of having more than one core business was effectively utilized.
Total Human Resource and Education Business sales up 19.2%, operating profit down 5.9%

Human
ResourcesandEducation
Business

Real EstateBusiness
Information andTelecommunications
Business

Agricultural
Park Business© WORLD HOLDINGS CO., LTD.

In Products Human Resources Business, sales increased as shifting people to the automobile and other strong
categories offset a slower than expected recovery of the semiconductor sector. Earnings decreased because of large
training expenditures for the many people recently hired to support growth in 2024 and afterward. Up-front expenses toshift people to strong market sectors also held down earnings.
In Services Human Resources Business, sales and earnings increased. Negative effect of the end of a one-time 2022
project but growth due to a strong performance in the core logistics sector, a recovery of face-to-face sales activities as
foreign tourists returned to Japan, and the inclusion of sales and earnings of Yamato Staff Supply, which became asubsidiary in September 2023.
A cautious stance regarding operations due to risk associated with consistently high real estate prices but sales
increased 12.8% because of well-timed sales and closings of business and other properties and the completion of salesof condominiums as planned. Earnings were up 44.3% as selling and other expenses were less than planned. Earnings
were far above the plan for 2023.
Big changes are occurring in Japan’s mobile shop sector. Lower number of mobile phones sold and lower cost of mobile
phone plans reduced fee income.
Negative effects of unfavorable Golden Week weather and a hot summer, but sales increased mainly because of higher
revenue per park visitor resulting from an increase in food and merchandise sales and other promotions.
Earnings decreased mainly because of the high cost of electricity and higher prices of a variety of materials and supplies
used at these parks.
19

Overview of Business Results
 Sales and earnings increased to new all-time highs.
 The group’s multi-business portfolio allowed responding with flexibility to changes in the business climate.
 Slow recovery of the semiconductor sector in the Human Resources and Education Business but steady growth of the WORLD HOLDINGSGroup continued due to well-timed sales of properties in the Real Estate Business.
FY2022

FY2023

FY2023(Million yen)

ActualEstimate

ActualNet sales

183,640

201,354

213,742

12,387

6.2%

30,101

16.4%

Operating profit

8,929

9,916

10,365

449

4.5%

1,436

16.1%

Ordinary profit

8,933

9,453

10,251

797

8.4%

1,318

14.8%

Profit attributable toowners of parent

5,341

6,045

6,204

159

2.6%

863

16.2%

10,334-

12,146

-

-

1812

17.5%

Depreciation

909

-

951

-

-

42

4.6%

Amortization of
goodwill

495

-

829

-

-

334

67.3%

EBITDA*© WORLD HOLDINGS CO., LTD.

* EBITDA ＝ Operating profit + Depreciation + Amortization of goodwill

Against estimate
ChangeYoY

Pct. Change

ChangePct. Change

20

Overview of Business Results by Segment (1)(Million yen)

Actual

5,179

5,409

Profit margin

3.9%

3.8%

3.1%

88,59894,732

Segment profit

4,054

4,265

101,246
3,679

Profit margin

4.6%

4.5%

3.6%

44,282

49,371

Segment profit

1,125

1,144

57,157
1,193

Profit margin

2.5%

2.3%

2.1%

38,04444,511

Segment profit

3,181

Profit margin

8.4%

3,728
8.4%

Net sales

8,399

8,074

Segment profit

125Profit margin

1.5%

214
2.7%

Net sales

4,314

4,664

Segment profit

158

Profit margin

3.7%

208
4.5%

183,640

201,354284

354

Operating profit

8,929

Profit margin

4.9%

9,916
4.9%

Services
Human
Resources
Business

Net sales

Net sales

Net sales© WORLD HOLDINGS CO., LTD.

Estimate

Segment profit

Net sales

Total

Actual

158,403
4,872

Products
Human
Resources
Business

Agricultural
Park Business

FY2023

144,104

Net sales

Information andTelecommunications
Business

FY2023

132,880

Human Resources
and Education
Business

Real EstateBusiness

FY2022Elimination or
corporate

Against estimate
ChangePct. change

YoY
ChangePct. change

14,2999.9%25,522

19.2%

-537

-10.0%

-307

-5.9%

6,513

6.9%

12,647

14.3%

-586

-13.8%

-375

-9.3%

7,785

15.8%

12,875

29.1%

48

4.2%

68

6.0%

42,906
4,590-1,604

-3.6%

4,861

12.8%

861

23.3%

1,409

44.3%

7,710
4

-363

-4.5%

-689

-8.2%

-210

-98.0%-121-96.6%

4,721
101

56

1.2%

406

9.4%

-106

-51.4%-57-35.9%

12,387

6.2%

30,101

16.4%

442

124.9%

512

180.4%

449

4.5%

1,436

16.1%

10.7%

0.1%

2.2%

213,742796
10,365

4.8%

21

Overview of Business Results by Segment (2)Segment profit (Million yen)

Neｔ sales (Million yen)
YoY

Agricultural Park BusinessInformation and Telecommunications Business
Real Estate Business
Human Resources and Education Business

183,640
4,314
8,399
38,044

132,880

FY2022
Actual© WORLD HOLDINGS CO., LTD.

201,354
4,664
8,074
44,511+16.4%
Against estimate+6.2%

Agricultural Park BusinessInformation and Telecommunications Business
Real Estate Business
Human Resources and Education Business

213,742

9,916

4,721
7,710

8,929

42,906158

FY2023
Estimate+16.1%
Against estimate+4.5%

10,365
101
4

125
3,728

4,590

5,179

5,409

4,872

FY2022
ActualFY2023
Estimate

3,181

144,104

208
214

YoY

158,403

FY2023
Actual*Total operating profit includes adjustments.

FY2023
Actual22

Products Human Resources Business Sales increased as shifting with flexibility people to the automobile and other strong categories offset a slower than expected recovery of thesemiconductor sector. Earnings decreased because of record-high hiring of new graduates, higher training expenses and up-front expenses to shiftpeople to strong market sectors.
 Nippon Gijutsu Center, which has many highly skilled mechanical design engineers, joined the WORLD HOLDINGS Group to strengthen technology
capabilities and activities are under way for more growth of the subcontracting business, a major strength of this business.
 Expenditures to construct a technical center in Ozu, Kumamoto prefecture and to train people for jobs in the growing semiconductor industry, chiefly in
Kyushu.
*3-month average

Segment profit (Million yen)

Net sales (Million yen)Temporary placement workforce (Persons)YoY+14.3%

R&D
Technology
Manufacturing

88,59894,732

10.2%

YoY

Against estimate

-9.3%

+6.9%

Against estimate

101,246
10.3%

FY2022
Actual© WORLD HOLDINGS CO., LTD.

FY2023
Estimate

Technology
Manufacturing

YoY

+8.7%

-13.8%
4,054

4,265

3,679

18,81020,446
1,677

20.7%

1,384
2,590

69.0%

14,835

14,170

FY2022
ActualFY2023
Actual

19.5%

70.4%

R&D

FY2023
ActualFY2022
ActualFY2023
Estimate

FY2023
Actual4,599

23

Services Human Resources Business Sales and earnings increased. 2023 started with a decline in volume caused by the end of a one-time first-half 2022 project and end of thesurge in e-commerce demand as people stayed home during the pandemic. In the second half, the logistics sector recovered and there
was growth in face-to-face sales personnel as foreign tourists returned to Japan.
 Strategic alliance with Yamato Holdings in July 2023 and Yamato Staff Supply, became a subsidiary in September.
 Using a variety of knowhow for the growth of new businesses, including a temporary staffing order management service.
Net sales (Million yen)
Tourism/business process outsourcing
Sales directly to customers
Logistics

44,282

Temporary placement workforce (Persons)YoY+29.1%

YoY+6.0%

Against estimate+15.8%

49,371*3-month average

Segment profit (Million yen)

Against estimate

Tourism/business process outsourcing
Sales directly to customers

9.5%

1,125

1,144

6,335

17,801

19.3%+88.1%

33,479

1,193

19.1%

YoY

Logistics+4.2%

57,157
20.6%

Consortium

1,685
4,088

5,908
70.0%

1,683
3,977

61.6%

21,3716,234
FY2022
ActualFY2023
Estimate

FY2023
ActualFY2022
ActualFY2023
Estimate

FY2023
ActualFY2022
ActualFY2023
Actual*The FY2023 increase includes 16,348 people added due to the acquisition of Yamato Staff Supply.
© WORLD HOLDINGS CO., LTD.

24

Real Estate Business A cautious stance regarding operations due to risk associated with consistently high real estate prices. Sales and earnings increased becauseof well-timed sales and closings of business and other properties, including sales earlier than planned. Earnings were far above the plan for2023 because of sales of properties with large profits and measures to hold selling expenses below the plan.
 Sales of condominiums generally as planned at Residential Ikebukuro Honcho, ATLAS Tower Shirokane Residential, ATLAS Aoyama
Residential, Residential Hara BRANCHERA, Residential Aoba Hirosegawa, and other buildings.
Segment profit (Million yen)

Neｔ sales (Million yen)Prefabricated house-related
Renovation-related

YoY

YoY

+12.8%+44.3%

Against estimate

Developer-related

Against estimate-3.6%
44,511

38,044
6.9%

28.4%

29.0%

Real estate for sale in process
Real estate for sale

YoY

+25.5%+23.3％

42,906
6.8%

Real estate for sale (Million yen)

3,728

4,590

3,181

62,26449,60552,33543,099

64.8%

64.0%

6,506
FY2022
Actual© WORLD HOLDINGS CO., LTD.

FY2023
Estimate

FY2023
ActualFY2022
ActualFY2023
Estimate

FY2023
ActualFY2022
Actual9,928
FY2023
Actual25

Information and Telecommunications Business Sales and earnings decreased due to a smaller sales volume, lower fees per user due to lower cost of mobile phone plans and a decline in fees
received from mobile carriers.
 The goal for this business is to raise the profile of mobile phone shops, which currently serve mainly individuals, by adding a corporate solutions
service and the ability to help solve issues of the areas where shops are located.
Neｔ sales (Million yen)Segment profit (Million yen)
YoY

-8.2%

YoY

Against estimate-96.6%

-4.5%

8,399

214
8,074

Against estimate-98.0%

7,710
125

4
FY2022
Actual© WORLD HOLDINGS CO., LTD.

FY2023
Estimate

FY2023
ActualFY2022
ActualFY2023
Estimate

FY2023
Actual26

Agricultural Park Business Sales increased despite the negative impact on the number of visitors of unfavorable Golden Week weather and a hot summer. Sales growth was
the result of higher sales per visitor because of more measures by all parks to increase sales of food and merchandise. Earnings decreased
mainly because of the high cost of electricity and high prices of supplies and other materials.
 Received contracts as the designated manager or other position at five agricultural parks in 2023; operations will start in April 2024 at four of theselocations.
 Continuing to consider the installation at agricultural parks of solar power and storage battery systems to cut greenhouse gas emissions andexpenses for electricity. One system is operating at Comorebi Ibaraido Forest.
Neｔ sales (Million yen)Segment profit (Million yen)
Number of visiting customers (Ten thousand)YoY

FY2022+9.4%

FY2023

Against estimate
YoY

+1.2%

4,314

4,664

4,721

208

-35.9%

Against estimate-51.4%

158

18
16
14
12

101

10
8
6
4
2

FY2022
Actual© WORLD HOLDINGS CO., LTD.

FY2023
Estimate

FY2023
ActualFY2022
ActualFY2023
Estimate

FY2023
Actual0Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.

27

03

P.29

2024 Business Strategies

P.30

FY2024 Outlook

P.31

Outlook by Business Segment

P.32

2022-2024 Quarterly Performance and Forecasts

P.33

Shareholder Distributions

Outlook for the Term Ending
December 2024

P.28

© WORLD HOLDINGS CO., LTD.

28

2024 Business Strategies
 Use the business foundation established in prior years for more growth by benefiting fromsynergies across all group companies and business segments.

Corporate••

In the key Human Resources and Education Business, aim for growth of the Products Human Resources
Business and, to create a new core business, build a stronger base for Services Human Resources Business.
Used M&A to add Dimple, Nippon Gijutsu Center, Yamato Staff Supply and other companies to the group.

Sentiment varies among different business sectors
due to geopolitical risk and other reasons, butaiming for steady growth by using the strength of abusiness framework encompassing many industries.
 Increase recruiting and training activities to prepare
for the expected semiconductor sector recovery
starting in the second half of 2024; aim for rapid
growth in the second half and 2025.

Real EstateBusiness

Human
ResourcesandEducation
Business© WORLD HOLDINGS CO., LTD.

Information
andTelecommuni-cations
Business

Services HR BusinessIn the logistics sector, a major strength of WORLDHOLDINGS, the goal is steady growth in existing
business sectors and use of the Yamato Holdings
alliance to explore opportunities for new businesses.
 Planning on more growth of face-to-face sales andtourism staffing as customers return to stores after
the end of the pandemic and tourism recovers inJapan due to more foreign and Japanese tourists.

The goal is sustainable growth by continuing tomanage operations without unreasonably hightargets while carefully managing risk
 Land development expertise will be used while
retaining a cautious stance regarding real estatemarket conditions and demand.
Products HR BusinessStrengthen the solution business for companies
and make mobile phone shops places that cansolve issues of the areas they serve.

Become the designated manager of more parks formore geographic and business model
diversification to reduce vulnerability to unfavorable
weather.
 More environmental measures, such as for
reducing greenhouse gas emissions, by installing
more renewable energy facilities and taking otheractions¥¥¥Agricultural
Park
Business29

FY2024 Outlook
 Forecast higher sales based on the outlook for a semiconductor sector recovery starting in the second half in Human Resources and Education,
the first full-year inclusion of Yamato Staff Supply, and other reasons Forecast lower earnings mainly because of the large volume of real estate sales in 2023 to take advantage of excellent timing for these sales
 The majority of sales and earnings are in the second half of 2024 due to the outlook for the start of a semiconductor sector recovery in Human
Resources and Education in the second half and a large percentage of real estate sales in the second half.

(Million yen)

Actual for the term
ended Dec. 2023

Estimates for the term
ending Dec. 2024

YoY
ChangePct. change

Net sales

213,742

252,085

38,343

17.9%

Operating profit

10,365

9,003-1,361-13.1%

Ordinary profit

10,251

8,622-1,628-15.9%

6,204

4,738

-1,466-23.6%ＥＢＩＴＤＡ

12,146

11,087-1,059-8.7%

Net income per share (Yen)353.61

269.64-83.97-23.7%

Dividend per share (Yen)

106.0080.90-25.10-23.7%

Profit attributable to owners of parent© WORLD HOLDINGS CO., LTD.

30

Outlook by Business Segment
Actual for the term
ended Dec. 2023

(Million yen)

Human Resources
and Education
Business
Products Human
Resources Business

Services Human
Resources BusinessNet sales
Segment profit
Profit margin
Net sales
Segment profit
Profit margin
Net sales
Segment profit
Profit margin
Net sales

Real Estate Business

Segment profit
Profit margin

Information andTelecommunications
Business
Agricultural
Park BusinessNet sales
Segment profit
Profit margin
Net sales
Segment profit
Profit margin
Net sales

Total

Elimination or corporate
Operating profit
Profit margin© WORLD HOLDINGS CO., LTD.

158,403
4,872
3.1.%
101,246
3,679
3.6%
57,1571,193
2.1%
42,906
4,590
10.7%
7,710
4
0.1％
4,721
101
2.2%
213,742796
10,365
4.8%

Estimates for the term
ending Dec. 2024

191,601
5,710
3.0%
112,144
4,247
3.8%
79,4561,462
1.8%
47,646
2,884
6.1%
7,976
81
1.0%
4,861
160
3.3%
252,085
166
9,003
3.6%

YoY
ChangePct. change

33,197
838

21.0%
17.2%

10,898

10.8%

568

15.5%

22,299
269

39.0%
22.6％

4,739
-1,70511.0%-37.2%

265
76

3.4%
-

140
59

3.0%
58.0%

38,343-629-1,361

17.9%-79.1％-13.1%
312022-2024 Quarterly Performance and Forecasts▍Net Sales and Operating Profit (Million yen)
Net sales

Agricultural Park
Information and Telecommunications
Real Estate
Human Resources and Education
Operating profit

FY2022
Net sales:

FY2023

213,742 million

Net sales: ¥¥183,640 million

Net sales: ¥(+16.4% YoY)(+18.7% YoY)

90,000

FY2024 Forecast

252,085 million(+17.9% YoY)

6,000

80,0005,000

70,0004,000

60,00050,0003,000

40,0002,000

30,0001,000

20,0000

10,0000

Net sales

2022/Q1
FY2022 1Q

2022/Q2
FY2022 2Q

2022/Q3
FY2022 3Q

2022/Q4
FY2022 4Q

2023/Q1
FY2023 1Q

2023/Q2
FY2023 2Q

2023/Q3
FY2023 3Q

2023/Q4
FY2023 4Q

2024/Q1
FY2024 1Q

2024/Q2
FY2024 2Q

2024/Q3
FY2024 3Q

202/Q4FY2024 4Q

Human
Resourcesand Education

29,11332,74133,861

37,16433,93435,43540,34048,692

41,996

46,17949,66353,761

Real Estate

8,735

8,815

9,337

11,155

7,027

7,498

17,333

11,047

Information andTelecommunications

4,854

10,0408,585

24,166

2,157

2,436

1,882

1,923

1,948

2,217

1,691

1,853

1,910

2,128

1,921

2,015

Agricultural Park

704

1,502

1,056

1,050

813

1,585

1,151

1,172

40,71145,496

46,13851,29343,72446,73760,51462,765861
49,622

1,576
59,925

1,251
61,421

1,172
81,115

1,280

1,317

1,490

1,091

932

874

1,347

1,718

19

842

1,878

2,969

Real Estate

-57

1,644

491

1,102

906

357

2,577

749

Information andTelecommunications

-512

438

-117

3,076

-37

113

-23

72

-69

85

-34

24

-35

73

11

31

Agricultural Park

-89

273

-39

13

-117

241

-22

1

Operating profit

1,214

3,415

1,992

2,307

1,934

1,750

4,084

2,595

-142
-523

241
1,712

35
1,937

26
5,877

Total

Segment profit

Human
Resourcesand Education© WORLD HOLDINGS CO., LTD.

(Forecast)-1,00032

Shareholder Distributions
 The basic policy for profit distributions is to distribute profits in a manner that reflects results of operations while retaining sufficient earnings
for future business operations and for making business operations stronger. For dividends, the goal is to stably and consistently increase thedividend while using a consolidated payout ratio of 30% as the guideline for dividends.
 The FY2024 dividend forecast is ¥80.9 based on the forecast for a temporary decline in earnings caused by a cautious stance involving realestate operations.

106.0

101.7
75.3

82.7

91.5

83.0

80.9 Yen

79.5

52.7

45.7
23.7

FY2014© WORLD HOLDINGS CO., LTD.

FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023

FY2024(Forecast)33

04

Appendix

P.34© WORLD HOLDINGS CO., LTD.

P.35

Financial Condition B/S

P.36

Cash Flows

P.37

Sustainability Initiatives

P.38

Business Portfolio

P.39

History

P.40

Main Group Companies

P.41

Human Resources and Education Business

P.42

Training Programs

P.43

Real Estate Business

P.44

Information and Telecommunications Business

P.45

List of Agricultural Parks

P.46

Business Performance Trend

P.47

Inquiries
34

Financial Condition B/S Assets increased due to a ¥12.6 billion increase in real estate for sale and a ¥5.1 billion increase in goodwill as a result of M&A in the Human
Resources Education Business.
 Liabilities also increased due to an increase in real estate for sale and a ¥22.8 billion increase in interest-bearing debt as a result of M&A.
 Net assets increased by ¥5.7 billion due to the recording of earnings, but the equity ratio decreased by 3.3 points to 25.3% due to up-front
investments.
End of December 2023

End of December 2022

123,591 million

Total assets¥

Total assets

159,204 million¥(+¥35,613 million）

Current assets
Current assets

Liabilities
有利子負債108,257

86,395¥ 55,948百万円¥

million

販売用不動産49,605百万円
Real固定資産
estatefor sale 百万円
15,333¥49,605 million

Non-current assets¥15,333 million© WORLD HOLDINGS CO., LTD.

133,944¥

millionLiabilities

116,278 million¥

millionInterest-bearing
純資産
debt¥55,948
million37,195
百万円

Real estate
for saleInterest-bearing
debt¥78,777 million¥62,264 million

Net assets¥37,195 million

Net assets
Non-current assets¥25,260 million*Real estate for sale is the sum of real estate for sale and real estate for sale in process.

¥42,926 million

Major Components
Current assets(Million yen)

Cash and deposits

35,091

 40,848

Notes and accounts
receivable-trade

18,809 25,148

Real estate for sale

49,605

 62,264

Property, plant andequipment

6,032



9,714

Goodwill

4,059



9,210

55,948

 78,777

Non-current assets

Liabilities
Interest-bearing debt

35

Cash Flows Net income and loans were the main sources of funds for purchases of real estate for sale and property, plant and equipment, the acquisition of acompany, and other activities.
 Negative operating cash flows because of an increase in real estate for sale.
 Negative investing cash flows resulting from purchase of property, plant and equipment and new consolidation through M&A, etc.
 Positive financing cash flows because of long-term borrowings.

Summary of FY2023 cash flows(Million yen)

Cash flows from operating activities

Increase in real estate for sale

10,1201,780-12,658

Increase in trade receivables-1,677

Decrease in advances received-174

Increase in accrued expenses

954

Profit before income taxes

Depreciation/Amortization of goodwill

Cash and cash equivalents
at beginning of period© WORLD HOLDINGS CO., LTD.

-11,484

Cash and cash equivalents at end of period
Up ¥5,770 million

Cash and cash equivalents
at end of period-3,355(Million yen)

Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of shares of subsidiaries resulting in change
in scope of consolidation
Purchase of investments in non-consolidated subsidiary-4,338-6,593-284

Cash flows from financing activities
Net increase in short-term borrowings

9,328

Proceeds from long-term borrowings

22,208

Repayments of long-term borrowings-9,325

Dividends paid

-1,60336

Sustainability Initiatives
Materiality (important issue)

Real Estate Provide products and home facilities where people can enjoy their lives andplay a role in creating communities where people can live with confidence.
 Create communities that are environmentally responsible, conserve resources
and prosper together with the areas where they are located.
 Use the sustainable development of land to contribute to protecting theenvironment of regions where projects are located.

Information andTelecommunications

 Build a base for technological progress and create safe and pleasantcommunities by increasing the use of IT infrastructures and other sources of
convenience in society.

AgriculturalPark Maintain an environment that protects nature, conserves resources andcontributes to enable children to grow up in a sound and healthy manner.
 Combat climate change and protect natural resources by utilizing land
responsibly and seeking more ways to create and utilize renewable energy.

Business
Revitalization

 Protect companies, employees and their families by maintaining financial
soundness in order to prevent bankruptcies.
 Increase added value by revitalizing businesses, create rewarding
employment opportunities, and contribute to economic growth. Responsible
production and consumption.
 Encourage people to have an entrepreneurial spirit and give people
opportunities to take on new challenges as entrepreneurs after a failure.

© WORLD HOLDINGS CO., LTD.

PurposeCreate the ways we work
We want to help people of all kinds find jobs that best match
their skills and goals in order to enable them to experience
the joy and satisfaction of work. By providing training, we give
people the skills to achieve their full potential, which supports
the growth and advancement of businesses.

Create the ways we create communities
Pleasant communities are essential for people to lead enjoyableand fulfilling lives. By designing these communities, we provide
an environment for vibrant and satisfying lifestyles. Activities
place priority on preserving the environment and natural
resources in order to be a responsible member of society.

Create the ways we provide convenience and safety
We are dedicated to creating the use of today’s advanced
information technology infrastructure for being a source of
convenience and for establishing an environment where
people can enjoy their lives with convenience and confidence.

Create the ways we look to the future
Agricultural parks help protect the environment and conserve
the earth’s resources while giving children a place where they
can grow. By operating these parks, we are playing a role insustainable social progress.

Create the ways we operate businesses
Revitalize businesses in order to maintain the soundness ofsociety and increase added value with the objective of being acompany that contributes to providing pleasant and rewarding
employment opportunities.

Contribute to happiness and a sustainable society throughthe creation of a variety of ways we live worldwide

Human Resources
and Education

 Support the sustainable advancement of society by providing many jobs.
 Use high-quality training programs to develop the skills of employees in orderto enable people to realize their full potential, increase motivation andcontribute to economic growth.
 Support the manufacturing and service sectors worldwide by providing humanresources and create a base for technological progress by maintaining aworkforce of highly skilled people.
 Provide workplaces where all employees, regardless of gender, can performtheir jobs to the best of their ability.

Value creation

37

Business Portfolio
Create a Sustainable World.
Use a well-balanced business portfolio for rapid growth
and activities that help create a sustainable world
Real Estate Business

Human Resources and Education Business

Real Estate

私たちは持続可能な開発目標（SDGs）を支援していますThe “Ways We Live”

Information and Telecommunications BusinessInformation andTelecommunications

Products Human Resources Business

Agricultural Park Business

Services Human Resources Business
Establishment of a business model focused on
the ability to respond to changes
Diversificationof business© WORLD HOLDINGS CO., LTD.

Decentralization

One-timerevenuebusiness

Agricultural Park

Recurring
revenuebusiness

38

History

COVID-19 crisis

Entry into Agricultural Park BusinessMoved to TSE Prime Market

Agricultural Park

Bankruptcy ofLehman Brothers

FARM became a member of theWORLD HOLDINGS Group

Listed on TSE 1st Section(3 months after 2nd Section listing)
Shifted to a holding company structure(Company name changed to WORLD HOLDINGS)

Entry into Information andTelecommunications Business

Established WORLDRESIDENTIAL

Started the real estatedevelopment business

Real Estate

Information andStart of sales & marketing staffing
business
Start of R&D staffing business-4.1

End ofbubbleAsia currency
crisisStart of technology staffing businessStart of factory staffing business
Entry into Human Resources andEducation BusinessEnd of IT
bubbleTelecommunications
e-support became a memberof the WORLD HOLDINGS Group

Listed on JASDAQ

Human
Resources andEducation

Start of overseas real estate
operations-0.5

Bubble economy

Established WORLD INTEC

Established Kyushu Hokubu
RehouseStarted a residential brokerageand development business

Established Mikuni

4.2

39© WORLD HOLDINGS CO., LTD.

Establishment

Real Estate

1986

6.8
1985

-5.4
*The graph is Japan’s GDP.

1.0
0.4

1.1

2022
2017
2014

2016
2010
2005
1993
1981

Main Group Companies
50 affiliated companies
Human Resources
and Education Business
人材教育ビジネス
Products Human
Resources Business

Services Human
Resources BusinessWORLD INTEC CO., LTD.
Human resources services(Manufacturing/ Technology/ R&D)

WORLD CONSTRUCTION CO., LTD.
Human resources services(Construction technology)

Outsourced software development

TOHO WORLD CO., LTD.
PC schools/ Produces websites

Human resources services (Materials)
WORLD INTEC TAIWAN CO., LTD.

Creative Inc.
Human resources services(Manufacturing/ Plant)

Human resources services (Taiwan)

Nippon Gijutsu Center Co., Ltd.

WORLD INTEC SHANGHAI CO., LTD.
Human resources services (China)(Non-consolidated)

Human resources services(Technology services outsourcing
service/ Temporary staffing for
manufacturing)

Human resources services (China)WORLD INTEC AMERICA, INC.
Human resources services (U.S.)

Design and development ofindustrial machinery

Sankin Kaihatsu

WORLD GLOBAL SUPPORT CO., LTD.

Information and
情報通信ビジネス
Telecommunications Business

Real不動産ビジネス
Estate BusinessWORLD STAFFING CO., LTD
Human resources services(Logistics/ Light-duty jobs/ Call centers)WORLD RESIDENTIAL CO., LTD.
Development (Kanto)

E-SUPPORT, INC.
Comprehensive real estate business

Operation of call centers and stores

JW SOLUTION CO., LTD.
Human resources services (Tourism)

World iCity Co., Ltd.

RENOVE MIKUNI CO., LTD.

Development (Tohoku)

Renovation

NETWORK SOLUTION CO., LTD.
Operation of mobile phone stores(Softbank)

Dimples’ Co., Ltd.
Human resources services(Sales directly to customers)

WORLD RESIDENTIAL KANSAI CO., LTD.

M'S WORLD CO., LTD.

WORLD STYLE CO., LTD.

Development (Kansai)

Renovation (Hokkaido)

Operation of mobile phone stores(au)

Yamato Staff Supply Co., Ltd.
Human resources services(Logistics/ Educational training)

Nichimo Real Estate Co, Ltd.

Best IT Business Co., Ltd.

Real estate consulting

Corporate solutions

Dimples’ Realty Staff Co., Ltd.

WORLD LIFE PARTNER CO., LTD.

Human resources services
for the real estate industry(Non-consolidated)

Rental property, condominium andbuilding management

Development and operation of the
Wakrak daywork application(Non-consolidated)

Human resources services(Materials) (Non-consolidated)

Support services for foreign intern training programs(Non-consolidated)

Agricultural Park BusinessWORLD INTEC CO., LTD.
Management and operation ofagricultural parks

CROWDWEIGHT CO.,LTD.
Management and operationof agricultural parks

WORLD DEVELOPMENT INDONESIA
Development (Indonesia) (Non-consolidated)
OMACHI WORLD Co., Ltd.
Manufacture/sale/rental of prefabricatedhousesWorld Share Selling Co., Ltd.
Sales of prefabricated house/ Geotechnical survey (Non-consolidated)

DOT WORLD Co., Ltd.
Clinical research (CRO)

金融関連
FinanceBusinessWORLD RETECHWORLD ASSET MANAGEMENT CO., LTD.
Real estate fund management (Financial Instruments and Exchange Act)
(Non-consolidated)

Repair of cameras and digital equipment
GEOGRAPHIC INFORMATION OF KYUSHU, INC.

World Capital Solutions

Geographic information system development

Real estate fund management (Act on Specified Joint Real Estate Ventures)WORLD SYSTEM SERVICE CO., LTD.
Outsourced software development

Mirai Servicing Co, Ltd.

© WORLD HOLDINGS CO., LTD.

■ Human Resources and Education Business
Products HR: 18 companies; Services HR: 6 companies

Collection of receivables (Non-consolidated)■ Real Estate Business: 15 companies■ Information andTelecommunications
Business:
４ companies■ Agricultural Park Business:
7 companies

40Human Resources and Education BusinessBusiness process outsourcing and staffing services thatseamlessly cover a broad range of business domains
Labor management is a key strength

Manufacturing domain
Products Human Resources Business

半導体
機械
電気電子

After-sales service

半導体
自動車
情報通信

Manufacturing

Design/Development

R&D
医薬
バイオ
CRO

Support for upstream to downstream
processes for manufacturing© WORLD HOLDINGS CO., LTD.

About

Service domain
Services Human Resources Business

Tourism

Logistics

Tourismindustry

E-commerceSales
directly tocustomers
High-volume retailers
Department
stores

A strategically targeted approachfor rapid growth in the services
domain54,000 workers in service*As of the end of December 2023

41

Training Programs Continue upgrading and expanding leadership, technology and other training programs and provide support for employees to advance theircareers or change career paths.
 Establish a nationwide network of 10 training centers for upgrading technological skills of employees.
 In the semiconductor sector, a major strength of WORLD HOLDINGS, a Technical Center will open in Ozu, Kumamoto prefecture in 2024 toprepare for the expected growth of subcontracting/outsourcing contracts. Increasing the number of skilled semiconductor workers is a priority.

Training locations

Upgrade leader training and technology training• Leadership training, training for people
to become the next office managers• Training for people to become the next
leaders• Project manager training• Mechanical design/production
technology training• IT engineering technology trainingetc.

• Training centers in 10 locations nationwide• Employee training programs and on-the-job
training at subcontracting/outsourcing clientcompanies
・R＆D sector

5,379
2,561

・Technology sector
Techno East Japan
Training Center

Hiroshima Training Center

7,195

2,832

Joint research site：
Chiba Cancer Center・Manufacturing sector

8,300

Joint research site：
World Intec Laboratory inTokyo Metropolitan University

・ R＆D sector

Joint research site:
World Intec Laboratory in Uji
Campus, Kyoto University

Participants in Training Programs (Persons)

・R＆D sector

・Manufacturing sector

・Technology sector

Kumamoto Technical Center
Scheduled to be opened in
2024

Techno West Japan
Training Center・Manufacturing sector

Nagoya Technical Center

3,569

・Manufacturing sector

Yokkaichi Technical Center

FY2019FY2020© WORLD HOLDINGS CO., LTD.

FY2021

FY2022

FY2023

FY2024
Plan

・R＆D sector

Turnkey Lab KENTOWorld Intec Training Laboratory

42

Real Estate Business
Building an infrastructure able to adapt to any change in thebusiness climate

Real estate trust
beneficiary rights

Real estate for investment
Development

Real estate revitalization

Real estate financeCondominiums/Detached houses
Commercial land development

Renovation
Conversion

Asset management

Conduct business mainly in major cities of the
Tohoku, Tokyo Metropolitan, Kinki and Kyushu areas

Conduct real estate revitalization business, such as
renovation, around Japan

Real estate fund management

Residential Aoba Hirosegawa(Sendai, Miyagi)

Examples of renovation

BIZIA Kojimachi Building© WORLD HOLDINGS CO., LTD.

43

Information and Telecommunications Business
Mobile phone shop

Corporate solutions

The largest network of stores in Kyushu
Mobile phone shops in Fukuoka, Saga, Oita and Nagasaki Prefectures

We propose the reduction of costs for electric
power, communications, etc. by selling our
products to corporations￭ Comprehensive cost reduction solutions

Fukuoka

Softbank Shops
au Shops

30

Air conditioners forbusiness use

LEDlighting

Smartphones

Oita
Nagasaki

storesMonitoring
camerasSaga

Kumamoto

PCs

Security

Miyazaki

As of December 2023
Kagoshima

Water
dispensers

Supplies

Multifunction
machines

Telephonesystem forbusiness use

Internetlines￭ Call centers

Okinawa© WORLD HOLDINGS CO., LTD.

Sale of various products
for individuals and corporations
44

List of Agricultural Parks
Operation of nature-rich agriculturalparks, etc. at 15 locations around Japan
Operation of a total of 15 facilities, including 4 directly
managed facilities and other entrusted facilities
Deepen regional roots and contribute to the regional
economy and job creation
Comorebi

Ibaraido Forest

Minokamo Rest Area

Chiba Zoological Park

Kanzaki Farm Park

Fureai Dobutsu-no-Sato

Yodel Forest

Nagai seaside Park

Niimi Chiya Onsen Ibukinosato

Soleil Hill

Kitakyusyu Municipal

Sougou Nouji Center

Shiga Agricultural Park

Blumen Hugel Farm

Hibikinada

Green Park

Sakai Greenery Museum

Harvest Hill

Okayama Forest Park Directly

German Forest

managedOhashi Kogen International
Exchange Village

We also produce and sell
homemade sausages,
confectionery, beers, etc.
© WORLD HOLDINGS CO., LTD.

Directly
managedDirectly
managedDirectly
managedAma Site Park
Osaka Prefectural

Garden of Floral Culture
Wakayama Castle
Zoological Park

Contracted projects
Starting in
April 2024

• Saitama City Urban Park Group 8• Saitama City Urban Park Group 10• Hyogo Prefectural Awaji Cultural Hall

Starting in • Kobe Port Waterfront Area
April 2024
(Meriken Park - Harborland Square)
Starting in • (Tentative name) Michi no Eki “Kumagaya”
March 2028

45

Business Performance Trend(Billion yen)
300.0
3000

(Billion yen)

Agricultural Park Business

12.0
12.0

Information and Telecommunications Business2020／12期

213.7

Real Estate Business

250.0
2500

Human Resources and Education Business
Operating profit (right axis)

FY2016FY2020Listed on 1st sectionof TSE

COVID-19 crisis

2000
200.0

7.4

FY2010
Entry into Real EstateBusiness

150.0
1500
FY2008

1000
100.0

500
50.0

FY2006
Entry2006／12期
into Information andTelecommunications
Business
Listed on JASDAQ

46.4

0.9
0
0.0

FY2006

FY2007

5.1
3.7
68.8

1.0
FY20080.3

FY2009

9.0
8.0
8.0

154.7
7.4
136.3

143.5
6.2

6.0
6.0

4.7

94.3

4.0

2.0
2.0

1.2
0.5

0.3
FY2010

183.6
8.9

2.1

37.8

32.1

87.9

10.0
10.0

10.3

56.4

53.0

48.7
29.0

1.3

127.1

Bankruptcy ofLehman Brothers

34.8

7.0

7.3
142.8

252.0

FY2011FY2012FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023

FY2024
Plan

0.0
0.0

Created business foundation (early days)
Used internal resources for enhancing governance
New Medium-termManagement Plan
2007 to 2009

Medium-term Management
Plan 2010 to 2013

Expansion based on balanced management
New Medium-termManagement Plan 2021

Medium-termManagement Plan 2026

New Medium-term Management
Plan 2012 to 2016

Note: The former segments had been used until FY2021, and the new segments are used thereafter.
© WORLD HOLDINGS CO., LTD.

46

Inquiries
No information in this presentation is provided for the
purpose of soliciting purchases or sales of our stock.
Furthermore, opinions, forecasts and other information notbased on historical facts represent our judgments at thetime this presentation was prepared.
We do not guarantee the accuracy of this information andmay revise this information at any time without prior notice.
We and other providers of this information assume no
responsibility whatsoever for any losses incurred inassociation with the information in this presentation.

Norio Nishihara
Division Manager, Public and Investors Relations Office
Corporate Planning Division, Corporate Strategy Administration Division
WORLD HOLDINGS CO., LTD.

© WORLD HOLDINGS CO., LTD.

TEL

+81(0)3-3433-6005

E-MAILirinfo＠world-hd.co.jp

URL

https://www.world-hd.co.jp/

47