Briefing on Consolidated Financial Results for the First
Quarter Ended June 30, 2015
Temp Holdings Co., Ltd.
August 11, 2015

News: Factbook released
See the Factbook for detailed financial figures and past years’ results, etc.
(http://www.temp-holdings.co.jp/english/ir/library.html)

2016/3 1Q: Summary of Consolidated Business Results
Significant growth on the back of large-scale M&A effect in the previous fiscal year
Achieved record results due to steady growth of existing businesses

2015/3 1Q Results(Unit: billion yen)

+24.4%+18.5%

119.1+16.9%

95.7

8.4

7.1

Sales

+21.4%

6.5

5.6

EBITDAOP incomeNet Income

2016/3 1Q Results

2015/3 1Q Results

4.1

3.4

2016/3 Forecasts(Units: million yen, %)Actual2016/3 1Q Results

Ratio

ActualRatio

ChangeYoY

1st Half

Progress
Rate

Full Year

Progress
Rate

Sales

95,767100.0

119,173

100.0+23,406

124.4

240,000

49.7

500,000

23.8

Gross Profit

23,333

24.4

28,52723.9+5,193

122.3

-

-

-

-

EBITDA*

7,151

7.5

8,471

7.1

+1,319118.5

13,88061.0

33,90025.0

OP income

5,614

5.9

6,561

5.5

+947

116.9

10,00065.6

26,00025.2

Net Income

3,450

3.6

4,190

3.5

+739

121.4

5,880

71.2

15,25027.5* EBITDA = OP income + Depreciation + Amortization of Goodwill* The amount of net income in this chart refers to the amount of net income attributable to ordinary equity holders of the parent company.
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

2

2016/3 1Q: Sales Analysis
Contribution from the previous fiscal year’s large-scale M&A
in addition to increased revenues from existing businesses(Unit: billion yen)

-0.5

+18.1

+0.4

-0.2

+1.8

+0.2

119.1

+3.6

95.7

2015/3

1Q Results

M&A effect*+18.1 billion
yen

Increase in sales due to organic growth*+5.8 billion yen

Temporary
Staffing/BPO

ITO

Engineering

Recruiting

Other Business

M&A

Adjustments

2016/3

1Q Results*Organic growth (or existing businesses): The figures shown are financial results based on the company structure excluding the effects of M&A carried out after July 2014. (Internal transactions have not been eliminated from the figures shown.)*M&A effect: The figures shown are financial results based on the company structure including the effects of M&A carried out after July 2014 only. (Internal transactions have not been eliminated from the figures shown.)*M&A targets (dates in parentheses indicate the year and month of consolidation as subsidiaries): CareerRise (September 2014), Tempstaff-kamei (February 2015), Panasonic Excel Staff (March 2015)

3

Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

2016/3 1Q: Sales by Segment
Contribution from the previous fiscal year’s large-scale M&A in the
Temporary Staffing/BPO Segment+30.3%

Decrease in sales from the Engineering Segment due to partial transfer of businesses
to the ITO Segment. All segments continued to grow in terms of organic growth

2015/3 1Q Results(Unit: billion yen)

+13.0%

93.3
+7.9%

71.5

5.6

5.2

Temporary Staffing/BPO

-3.8%

ITO

14.0

5.2

5.4

Recruiting

2016/3 1Q Results

Ratio

Actual

Ratio

0.9

0.7

Engineering

2015/3 1Q Results+32.3%

15.8

Others2016/3 Forecasts(Units: million yen, %)Actual2016/3 1Q Results

ChangeYoY

1st Half

Progress
Rate

Full Year

Progress
Rate

Temporary
Staffing/BPO*

71,58874.8

93,315

78.3+21,727130.3

185,400

50.3

381,800

24.4

ITO*

5,209

5.4

5,623

4.7

+413

107.9

11,45049.1

24,050

23.4

Engineering

5,419

5.7

5,211

4.4

-208

96.2

11,36045.9

23,36022.3

Recruiting

14,02014.6

15,84013.3+1,819113.0

33,00048.0

73,700

21.5

734

0.8

971

0.8

+237

132.3

1,830

53.1

3,730

26.0

Adjustments-1,205-1.3-1,788

-1.5

-582

-

-3,040--6,640-Total

95,767100.0

119,173

100.0+23,406

124.4

240,000

49.7

500,000

23.8

Others*Internal transactions have not been eliminated from the figures for sales and OP income.
*From FY March 2016 there are four segments, and the results for FY March 2015 have also been reallocated and presented in the new segments.
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

*BPO: Business Process Outsourcing, ITO: IT Outsourcing

42016/3 1Q: EBITDA Analysis
Contribution from M&A in addition to increased revenues from existing
businesses and the improvement of profitability
While continuing the efforts to strengthen profitability of each business, aggressively invested
cash in the expansion of personnel, advertising and the development of operational bases.

(Unit: billion yen)

-1.5

+4.4

-1.9

+1.0
-1.9

+0.0

+1.2

7.1

2015/3

1Q Results

8.4

Increase in EBITDA due toorganic growth*+0.3 billion yen

Increase inincome due tosales growth

Increase in income
due to theimprovement of grossprofit ratio

Increase in SG&A*(Except depreciation
and amortization of
goodwill)

Increase in EBITDA due to
M&A effect*+0.9 billion yen

Increase inincome due tosales growth

Decrease in income
due to lower grossprofit ratio
compared toexisting businesses

Increase in SG&A*(Except depreciation
and amortization of
goodwill)

Consolidation
Adjustments

2016/3

1Q Results*Organic growth (or existing businesses): The figures shown are financial results based on the company structure excluding the effects of M&A carried out after July 2014. (Internal transactions have not been eliminated from the figures shown.)*M&A effect: The figures shown are financial results based on the company structure including the effects of M&A carried out after July 2014 only. (Internal transactions have not been eliminated from the figures shown.)*M&A targets (dates in parentheses indicate the year and month of consolidation as subsidiaries): CareerRise (September 2014), Tempstaff-kamei (February 2015), Panasonic Excel Staff (March 2015)
5*SG&A: Selling, General and Administrative expenses
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

2016/3 1Q: EBITDA by Segment
Contribution from M&A in addition to increased revenues from the Temporary 2016/3 1Q Results
2015/3 1Q Results
Staffing/BPO Segment and the improvement of profitability+52.0%(Unit: billion yen)

5.4

-8.8%

3.5

-41.9%
0.4

Temporary Staffing/BPO

0.2-68.9%
0.2

ITO

2.4

0.06

Recruiting

2016/3 1Q Results

Ratio

Temporary
Staffing/BPO*

ActualRatio

ChangeOthers2016/3 Forecasts(Units: million yen, %)Actual0.06

0.04

Engineering

2015/3 1Q Results+41.1%

2.2

YoY

Progress
Rate

1st Half

Full Year

Progress
Rate

3,552

49.7

5,401

63.8

+1,848

152.0

8,450

63.9

18,370

29.4

ITO*

499

7.0

290

3.4

-209

58.1

890

32.6

2,430

11.9

Engineering

219

3.1

68

0.8

-151

31.1

550

12.4

1,760

3.9

Recruiting

2,448

34.2

2,232

26.4

-216

91.2

3,570

62.5

10,630

21.0

Others

48

0.7

68

0.8

+20

141.1

40

170.0

110

61.8

Adjustments

382

5.3

409

4.8

+27

107.2

380

-

600

-

7,151

100.0

8,471

100.0

+1,319118.5

13,88061.0

33,900

25.0

Total

*Internal transactions have not been eliminated from the figures for sales and OP income.
*From FY March 2016 there are four segments, and the results for FY March 2015 have also been reallocated and presented in the new segments.
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

*BPO: Business Process Outsourcing, ITO: IT Outsourcing*EBITDA = OP income + Depreciation + Amortization of Goodwill

6

2016/3 1Q: OP income Analysis
Achieved a significant increase in income due to the effects of increased revenues despite anincrease in depreciation owning to the amortization of goodwill and capital investment(Unit: billion yen)

-1.5

+4.4

-1.9

+1.0
-1.9

-0.3

-0.0

+1.2

5.6

2015/3
1Q Results

Increase in income due toorganic growth*+0.3 billion yen

Increase inincome due tosales growth

Increase inincome due totheimprovement ofgross profit
ratio

Increase in
SG&A*

6.5

Increase in income due to
M&A effect*+0.6 billion yen

Increase inincome due tosales growth

Decrease inincome due tolower grossprofit ratio
compared toexisting
businesses

Increase in
SG&A*

Increase ingoodwill

Adjustments

2016/3
1Q Results*Organic growth (or existing businesses): The figures shown are financial results based on the company structure excluding the effects of M&A carried out after July 2014. (Internal transactions have not been eliminated from the figures shown.)*M&A effect: The figures shown are financial results based on the company structure including the effects of M&A carried out after July 2014 only. (Internal transactions have not been eliminated from the figures shown.)*M&A targets (dates in parentheses indicate the year and month of consolidation as subsidiaries): CareerRise (September 2014), Tempstaff-kamei (February 2015), Panasonic Excel Staff (March 2015)7*SG&A: Selling, General and Administrative expenses
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

2016/3 1Q: OP income by Segment
Achieved a significant increase in income due to the effects of increased revenues, etc. 2016/3 1Q Results
despite an increase in depreciation owning to the amortization of goodwill and capital 2015/3 1Q Results
investment in the Temporary Staffing/BPO Segment+52.7%(Unit: billion yen)

4.7

-15.4%

3.1-66.0%
0.3

Temporary Staffing/BPO

0.1

1.5

0.1

ITO

-0.06

Engineering

2015/3 1Q Results

2016/3 1Q Results

Ratio

Temporary
Staffing/BPO*

Actual

Ratio

0.06

0.04

Recruiting

Others2016/3 Forecasts(Units: million yen, %)Actual+27.6%

1.3

ChangeYoY

Progress
Rate

1st Half

Full Year

Progress
Rate

3,140

55.9

4,796

73.1

+1,655

152.7

7,000

68.5

15,450

31.0

ITO*

314

5.6

106

1.6

-207

34.0

550

19.3

1,750

6.1

Engineering

113

2.0

-67

-1.0

-181

-

250

-

1,090

-

Recruiting

1,587

28.3

1,343

20.5

-244

84.6

1,790

75.0

7,000

19.2

Others

48

0.9

62

0.9

+13

127.6

30

206.7

90

68.9

Adjustments

408

7.3

319

4.9

-88

78.2

380

-

620

-

5,614

100.0

6,561

100.0

+947

116.9

10,00065.6

26,000

25.2

Total

*Rounded down (Units: million yen, % Internal transactions have not been eliminated from the figures for sales and OP income.
*From FY March 2016 there are four segments, and the results for FY March 2015 have also been reallocated and presented in the new segments.
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

*BPO: Business Process Outsourcing, ITO: IT Outsourcing*EBITDA = OP income + Depreciation + Amortization of Goodwill

8

2016/3 1Q: Consolidated Balance Sheets
As of June 30, 2015

As of March 31, 2015
(Units: million yen, %)AssetsCurrent assets(Cash and deposits)

Non-current assets(Right of trademark and goodwill)

Liabilities

Results

Ratio

Results

Ratio

Change228,663100.0

219,046

100.0-9,617

130,69657.2

119,25054.4-11,446

60,64526.550,01022.8-10,634

97,96742.8

99,79545.6+1,82877,085

33.7

77,71835.5+633

124,69454.5

109,20350.0-15,490

86,56937.973,921

33.7-12,648(Current portion of loans payable)

19,7398.6

19,7159.0-23

Non-current liabilities

38,12416.7

35,282

16.1-2,842(Long-term loans payable)

13,920

6.1

13,920

6.4-(Convertible bond-type bond withstock acquisition rights)

14,798

6.5

12,1085.5-2,690103,969

45.5

109,84250.1+5,87398,56243.1

104,01747.5+5,455(Capital stock)

10,081

4.4

11,426

5.2+1,345(Capital surplus)

13,6736.0

15,015

6.9+1,341(Legal retained earnings)

73,49932.1

76,41234.9+2,912

5,406

2.4

5,823

2.7

+417

Current liabilities

Net assets
Owners' capital

Minority interests
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

<Cash and deposits>
Decrease due to the M&A* and the payment of income
taxes and consumption tax*Acquisition of shares of P&P Holdings Corporation inJune 2015, 5.2 billion yen in cash paid as consideration<Goodwill>
Decrease due to amortization of goodwill: -1.2 billion yen
Increase due to M&A*: +1.9 billion yen*Increase due to the acquisition of shares of P&P Holdings
Corporation (to be equally amortized over fiver years on astraight-line basis from July 2015)<Current liabilities>
Decrease due to the payment of income taxes payable
and consumption tax payable<Convertible bond-type bond with stock acquisition rights>
Decrease due to conversion of the bond<Capital stock and capital surplus>
Increase due to conversion of the bond9

2016/3 Transition of Business Results by Segments ① Temporary Staffing/BPO Segment
Sales
100,000

Sales (previous year)
OP income (previous year)

Sales (current year)
OP income (current year)

OP income
5,000

90,0004,000

80,0003,000

70,0002,000

60,0001,000

2016/3 1Q: Highlights
Demand from client companies remained strong. Achieved a significant increase inrevenues due to M&A effect, etc.
(Organic growth rate: 5.1%, Sales increase rate due to M&A: 25.2%)<Temporary Staffing division>• Income increased due to the effect of increased revenues which more than offset
an increase in personnel expenses, etc. such as social insurance premiums.
• Panasonic Excel Staff joined the Group (2015/3 Sales: 63.9 billion yen, total
amount of goodwill: 11.8 billion yen, to be amortized over 10 years)• P&P Holdings Corporation will start to contribute to the Group’s consolidated
business results in from 2Q. Due diligence expenses associated with the M&A wererecorded in 1Q.
<BPO division>• Improvement of earnings as a result of thorough profit management for each project

50,000

0

1Q

2Q

3Q

2015/3 1Q Results

4Q

2016/3 1Q Results

2016/3 Forecasts(Units: million yen, %)ActualActualYoY

Progress
Rate

1st Half

Full Year

Progress
Rate

Sales

71,58893,315130.3

185,400

50.3

381,800

24.4

EBITDA

3,552

5,401

152.0

8,450

63.9

18,370

29.4

5.0

5.8

+0.8

4.6

-

4.8

-

3,140

4,796

152.7

7,000

68.5

15,450

31.0

4.4

5.1

+0.7

3.8

-

4.0

-

EBITDA Margin
OP incomeOP income Ratio*Internal transactions have not been eliminated from the figures for sales and OP income.
*EBITDA = OP income + Depreciation + Amortization of Goodwill*From FY March 2016 there are four segments, and the results for FY March 2015 have also been reallocated and presented in the new segments.
*BPO: Business Process Outsourcing*See the "Factbook for the First Quarter Ended June 30, 2015" released on the website on the same date for the quarterly results for the fiscal year ended March 31, 2015.
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

10

2016/3 Transition of Business Results by Segments ② ITO Segment
OP income

Sales
7,000

Sales (previous year)
OP income (previous year)

Sales (current year)
OP income (current year)

6,000

900

600

5,000

300

4,000

2016/3 1Q: Highlights•

Demand for system and SI-related services from client companies remained
strong.

•Increased in personnel expenses due to measures against the securing andenclosing IT engineers•

Commencement of new services including the “My Number Consulting
Business” and the data analysis services using statistics analysis web
application “adelie” (a service provided in alliance with XICA Co., Ltd.)

0
1Q

2Q

3Q

2015/3 1Q Results

4Q

2016/3 1Q Results

2016/3 Forecasts(Units: million yen, %)ActualActualYoY

Progress
Rate

1st Half

Full Year

Progress
Rate

Sales

5,209

5,623

107.9

11,45049.1

24,05023.4

EBITDA

499

290

58.1

890

32.6

2,430

11.9

EBITDA Margin

9.6

5.2

-4.4

7.8

-

10.1

-

OP income

314

106

34.0

550

19.3

1,750

6.1

OP income Ratio

6.0

1.9

-4.1

4.8

-

7.3

-

*Internal transactions have not been eliminated from the figures for sales and OP income.
*EBITDA = OP income + Depreciation + Amortization of Goodwill*From FY March 2016 there are four segments, and the results for FY March 2015 have also been reallocated and presented in the new segments.
*ITO: IT Outsourcing*See the "Factbook for the First Quarter Ended June 30, 2015" released on the website on the same date for the quarterly results for the fiscal year ended March 31, 2015.
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

11

2016/3 Transition of Business Results by Segments ③ Engineering Segment
Sales

Sales (previous year)
OP income (previous year)

7,000

Sales (current year)
OP income (current year)

OP income
600

400

2016/3 1Q: Highlights•

Demand from the automobile and electronics industries remained solid.

•

The primary factor behind the decrease in revenues was the transfer ofsome businesses to the ITO Segment. On an organic basis, theEngineering Segment continued to grow.

•

Increase in personnel expenses and training expenses due to anincrease in the hiring of new graduates•

Technical training sessions for this segment were conducted across thecompany.

6,000

200

5,000
0

4,000

-200

1Q

2Q

3Q

2015/3 1Q Results

4Q

2016/3 1Q Results

2016/3 Forecasts(Units: million yen, %)ActualActualYoY

Progress
Rate

1st Half

Full Year

Progress
Rate

Sales

5,419

5,211

96.2

11,36045.9

23,36022.3

EBITDA

219

68

31.1

550

12.4

1,760

3.9

EBITDA Margin

4.0

1.3

-2.7

4.8

-

7.5

-

OP income

113

-67

-

250

-

1,090

-

OP income Ratio

2.1

-

-

2.2

-

4.7

-

*Internal transactions have not been eliminated from the figures for sales and OP income.
*EBITDA = OP income + Depreciation + Amortization of Goodwill*From FY March 2016 there are four segments, and the results for FY March 2015 have also been reallocated and presented in the new segments.
*See the "Factbook for the First Quarter Ended June 30, 2015" released on the website on the same date for the quarterly results for the fiscal year ended March 31, 2015.
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

12

2016/3 Transition of Business Results by Segments ④ Recruiting Segment
Sales

Sales (previous year)
OP income (previous year)

20,000

Sales (current year)
OP income (current year)

OP income
5,000

2016/3 1Q: Highlights

18,0004,000

Demand from client companies remained strong. Profit decreased on a yearon-year basis as a result of aggressive investment aimed at further
strengthening product capabilities and expanding services.

16,0003,000<Media division>• Invested in enhancing product values and functions of “an” and “LINE
Baito (part-time jobs)”

14,0002,000

12,0001,000

10,000<Career division>• Personnel reinforcement and promotional investment aimed at increasing
customer contacts• Profit declined due to a decrease in demand for the re-employment
support business and an increase in expenses for the overseas business

0

1Q

2Q

3Q

2015/3 1Q Results

4Q

2016/3 1Q Results

2016/3 Forecasts(Units: million yen, %)ActualActualYoY

Progress
Rate

1st Half

Full Year

Progress
Rate

Sales

14,02015,840113.0

33,00048.0

73,70021.5

EBITDA

2,448

2,232

91.2

3,570

62.5

10,630

21.0

EBITDA Margin

17.5

14.1

-3.4

10.8

-

14.4

-

OP income

1,587

1,343

84.6

1,790

75.0

7,000

19.2

OP income Ratio

11.3

8.5

-2.8

5.4

-

9.5

-

*Internal transactions have not been eliminated from the figures for sales and OP income.
*EBITDA = OP income + Depreciation + Amortization of Goodwill*From FY March 2016 there are four segments, and the results for FY March 2015 have also been reallocated and presented in the new segments.
*See the "Factbook for the First Quarter Ended June 30, 2015" released on the website on the same date for the quarterly results for the fiscal year ended March 31, 2015.
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

13

2016/3 Transition of Business Results by Segments ⑤ Other Business / Adjustments

2015/3 1Q Results

2016/3 1Q Results

2016/3 Forecasts

Other Business(Units: million yen, %)ActualActualYoY

Progress
Rate

1st Half

Progress
Rate

Full Year

Sales

734

971

132.3

1,830

53.1

3,730

26.0

EBITDA

48

68

141.1

40

170.0

110

61.8

EBITDA Margin

6.7

7.1

+0.4

2.2

-

2.9

-

OP income

48

62

127.6

30

206.7

90

68.9

OP income Ratio

6.7

6.4

-0.3

-

-

2.4

-

Adjustments(Units: million yen, %)2015/3 1Q Results
Actual2016/3 1Q Results
Actual2016/3 Forecasts
YoY

Progress
Rate

1st Half

Progress
Rate

Full YearSales-1,205-1,788--3,040--6,640-EBITDA

382

409

107.1

380

-

600

-

-

-

-

-

-

-

-

408

319

78.2

380

-

620

-

-

-

-

-

-

-

-

EBITDA Margin
OP incomeOP income Ratio*Internal transactions have not been eliminated from the figures for sales and OP income.
*EBITDA = OP income + Depreciation + Amortization of Goodwill*From FY March 2016 there are four segments, and the results for FY March 2015 have also been reallocated and presented in the new segments.
*See the "Factbook for the First Quarter Ended June 30, 2015" released on the website on the same date for the quarterly results for the fiscal year ended March 31, 2015.
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

14

[Appendix] Improve Segment System(Duplicated from the Briefing on Financial Results for the Fiscal Year Ended March 31, 2015)

Shift to 4 Segment system
Enhance the segment function, and strengthen collaboration between related business7

Segment
Temporary
Staffing

4

Segment

Temporary
Staffing/BPO

Panasonic Excel
Staff

BPO

ITO

ITO

EngineeringMedia

Engineering

CareerRecruiting
NED(*)*BPO: Business Process Outsourcing, ITO: IT Outsourcing, NED: New Employment Development*Only indicates major companies and businesses for each Segment*Companies in NED Segment are relocated to Temporary Staffing/BPO Segment or Recruiting Segment. (See the Business Report for details.)

15
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

[Appendix] 2016/3: Transition of Quarterly Consolidated Business Results
Sales

2014/3 sales

2015/3 sales

2016/3 sales

2014/3 OP income

2015/3 OP income

OP income2016/3 OP income

120,000

10,000100,000

7,500
80,00060,0005,000

40,0002,500
20,00000
1Q(Units: million yen, %)

2Q

3Q

1Q
2014/3

2015/3

4Q

2Q
2016/3

YoY

2014/3

2015/3

3Q
2016/3

YoY

2014/3

2015/3

4Q
2016/3

YoY

2014/3

2015/3

Sales

86,091

95,767

119,173

124.4

88,32896,50591,67999,602

96,389109,180

EBITDA

5,472

7,151

8,471

118.5

5,213

6,129

6,601

7,468

7,663

8,722

EBITDA
Margin

6.4

7.5

7.1

-0.4

5.9

6.4

7.2

7.5

8.0

8.0

OP income

3,909

5,614

6,561

116.9

3,597

4,620

5,008

5,977

6,082

7,258

OP income
Ratio

4.5

5.9

5.5

-0.4

4.1

4.8

5.5

6.0

6.3

6.6

*Internal transactions have not been eliminated from the figures for sales and OP income.
*From FY March 2016 there are four segments, and the results for FY March 2015 have also been reallocated and presented in the new segments.
Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.

2016/3YoY*EBITDA = OP income + Depreciation + Amortization of Goodwill

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Disclaimer•

The statements concerning the Company’s future businessperformances in this material such as earnings forecasts
are based on information available as of August 11, 2015
and certain assumptions deemed to be reasonable by theCompany, and do not mean that we promise to achievethese figures. Actual earnings may differ materially fromthe statements due to a variety of factors.

•

This briefing is only for better understanding. Please notethat numbers and indexes in this book are not audited

August 2014: Temp Holdings was added to the JPX Nikkei Index 400
What is the
JPX Nikkei 400?

It is a new stock price index that consists of companies that meet various requirements for global investment, such as
the efficient use of capital and a management perspective that is conscious of investors, for the purpose of boosting theappeal of Japanese companies domestically and internationally.

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Copyright (C) since 2015 Temp Holdings Co., Ltd. All rights reserved.