Create a Sustainable World.
New Medium-termManagement Plan 2026

February 24, 2022

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 even moreenergetic and fulfilling lives will create
happiness and contribute to progress in many
ways, thereby helping to make the world better.
Our mission is to play a role in the creation ofan energetic and stimulating society where
people can enjoy their lives.

Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved2

The ways we work

The ways we create communities

Human Resources and Education

Real Estate

We want to help people of all kinds find jobs thatbest 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 toachieve their full potential, which supports thegrowth and advancement of businesses.

The ways we provide
convenience and safety

Pleasant communities are essential for people to leadenjoyable and fulfilling lives. By designing thesecommunities, we provide an environment for vibrantand satisfying lifestyles. Activities place priority on
preserving the environment and natural resources inorder to be a responsible member of society.

The Ways
We Live
The ways we look to the future

Information and Telecommunications

Agricultural Parks

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.

Agricultural parks help protect the environmentand conserve the earth’s resources while givingchildren a place where they can grow. By operatingthese parks, we are playing a role in sustainablesocial progress.

Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved3World Holdings Activities for Sustainability
Real Estate

Agricultural
Parks

Real Estate

Agricultural
Parks

Provide products that make houses environmentally responsible
and pleasant as well as play a role in creating communities
where people can live with confidence
Help protect the environment and conserve the earth’s
resources and give children a place where they can grow while
enjoying healthy and educational outdoor activitiesHuman
Resources andEducation

Reduce poverty by establishing a stable base for people’s lives by
providing suitable jobs for people of all kinds

Human
Resources andEducation

Enable people of all kinds to achieve their full potential by providing
training and high-quality educational programs
Maintain workplaces where everyone, regardless of gender, can performtheir jobs to the best of their ability

Human
Resources andEducation

Provide jobs that match the characteristics of each individual andcreate workplace environments where people can experience thejoy and satisfaction of work; realizing the full potential of people
contributes to economic growth too

Human
Resources andEducation
Information
HumanandResources andTelecommuniEducation
cations
Human
Resources andEducation

Real Estate

InformationandTelecommunications

Stronger governance

Environment

ESocietyS

Use education as a foundation for progress in the manufacturing sector
and expand the utilization of the IT infrastructure as a base fortechnological innovation
Play a role in the constant advancement of society by using ties with abroad spectrum of industries, the consortium model and other activities

Upgrade the fairness, transparency and speed of governance of theWorld Holdings Group
Rigorous compliance program/Even stronger risk management

Copyright © WORLD HOLDINGS CO., LTD. All Rights ReservedGGovernance4Review of the Previous Medium-term Management Plan (Qualitative)
Businessclimate(2017-2021)

Ø Continuation of high level of M&A and the real estate bubble due to an unexpectedly
large volume of surplus capitalØ Global spread of COVID-19

WorldHoldings
strategies

Ø Focused measures for sound and steady growth rather than business expansion
Ø Stability of the real estate business while maintaining a suitable scale of operationsØ Executed business plans while reviewing goals as needed, including the use of rollingplans

Established a sound foundation through internal growth with no reliance on large M&A deals

HumanResourcesandEducation

・Recruiting and education expenditures were higher than planned due to priority on employee retention
・Acquired IT companies needed for the internal IT strategy based on the overall growth strategy (Acquired World System
Service, Creation View and Wakrak)
・Built seamless links among business units, started using comprehensive (all-inclusive) contracts and subcontracting, andmade progress with co-sourcing to be a true partner of client companies

Real Estate・While retaining a cautious stance in this business with no signs of the end of Japan’s real estate bubble, expanded
operations to new market domains such as by, in addition to property transactions, buying and selling beneficiaryrights (also asset management, specified joint real estate ventures, servicer business)
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Review of the Previous Medium-term Management Plan (Quantitative)
Shifted emphasis to building a framework to withstand risk caused by the unexpected surplus of capital in the economy.
Sales and operating profit were below the targets as a result but record-highs as growth continued even during thepandemic.
Profit: We revised the Human Resources and Education Business plan, resulting in priority on training programs for
employees and making expenditures for education, which caused earnings to fall short of the plan.
Sales: Sales were below the plan because of a cautious stance in the real estate business because the real estate
bubble was longer than expected and due to the sale of a subsidiary.

üü

180,000

150,000

Operating profit

COVID-19 crisis

Net sales

8,500¥175.0 billion¥143.5 billion¥136.3 billion

120,000

Record high¥154.7 billion¥8.0 billion¥7.4billion¥6.2 billion

7,500

6,500

Use internal growth tobuild a sound
5,500
foundation

90,00060,000¥4.7billion

30,0004,500

0Unit: Million yen

3,500

2019 Results
2019実績
Human Resources

⼈材教育and Education

2020 Results
2020実績
Real Estate
不動産

Contribution from
M&A
Net sales: 3.2%
Operating profit:
0.5%

Medium-term Management Plan 2021 Results
2021実績
2021
Information and情報通信
Telecommunications

Othersその他

Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved

Operating

営業利益profit

6New Medium-term Management Plan 2026 Targets■ 2026 Targets■ 2021 Results

More than double
operating profit

Net sales: ¥275.0 billion (up 77.8%)
Operating profit: ¥15.0 billion (up 100.5%)
Payout ratio: 30%

Net sales: ¥154.7 billion
Operating profit: ¥7.4 billion
Payout ratio: 30%

Unit: Million yen

New Medium-termManagement Plan
2026

270,000

220,000

17,00014,000170,000

11,000

Rapid growth of the Human
Resources and Education BusinessNet sales up 85.3%

120,000

70,0008,0005,0002021
Human Resources andEducation

2022

2023
Real Estate

2024

Information andTelecommunications

2025
Agricultural parks

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2026
Operating profit

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Business Climate and Goals of the Human Resources and Education Business

HumanResourcesandEducation

Changing needs ofcompanies

Changing employmentformats

Changes involving
workers

Changes in Japan’s
industrial structure

Increasing use of
external resources

Hiring for specific jobs

Diversity of needs andgoals of workers

The rising share ofservices

Companies are using external resources for
activities other than core operations andutilizing alliances with other industries andcompanies due to the increasing diversityof product/technology development
programs

Companies in Japan need to shift fromlifetime employment to hiring people for
specific jobs and tasks based on acontract; however, many issues must be
solved to speed up this shift

People have increasingly
diverse views of work; meetingthese diverse needs requires
more than one employment
format and growing out of
conventional common sense.

More growth of tourism andhigher importance in all
categories of the service sector inJapanThe human resources industry, which facilitates the mobility of people for placing theright people in the right place, plays a significant social role

Goals of the World Holdings Group
Subcontracting

Use subcontracting skills todifferentiate our services
and use the co-sourcing
model to be an effective
partner for customers.

Business field breadth

Education

Educating people has long been a key component of ourbusiness activities. We will increase emphasis on education andprovide places where people can relearn skills to reflect threetrends: changing employment formats; more diverse needs andgoals of workers; and the changing industrial structure of Japan.

Build an even broader human resources platform by expanding operations in theservice sector as well as in the core manufacturing sector. Aim for more growth as an
essential member of society by meeting a broad range of needs of companies,workers and society.
Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved8HumanResources
andEducation

Human Resources and Education Business Strategies

Use two core business fields to cover many market domains for more growth
In addition to existing large
markets, there is excellent
potential for creating markets incurrently unknown or
unrecognized fields

Growing oligopolies incurrent sectors and changes
in industrial frameworks
realign markets

Market scale: ¥3.5 trillion + αMarket scale: ¥6.5 trillion + α

DeepenMore market
breadthManufacturing
field
Products Human Resources

Education
Increase employee retention
activities, primarily involving
education

Service field
Services Human Resources

Become the leading human resources platformer
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9Changes in Segment Classification Based on Strategies
Previous segmentsTechnology
Staffing
Business
R&D
Staffing
Business
Sales &Marketing
Staffing
Business

Logistics

Human Resources and Education

Human Resources and Education

Factory
Staffing
Business

New segments
Products
HumanResources
Business

The goal is to become thepreeminent brand for staffing
services involving every step of
the manufacturing process,from R&D to development oftechnologies and production.

Services
HumanResources
Business

Planning on the growth of theservices business as another corecomponent of the World HoldingsGroup. Activities include logistics(light-duty jobs), tourism, sales
directly to customers, contact
centers and other types of services.

RealEstateBusiness

RealEstateBusiness

Information
andTelecommunications
Business

Information
andTelecommunications
Business

OtherBusinesses

AgriculturalPark Business
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Synergies from cooperation andlinkage among the activities ofmultiple segments

10HumanResources
andEducation

Products Human Resources BusinessGreater depth for our core existing business
DeepenManufacturing

Use subcontracting skill to maximize the performance of teams
・Use the co-sourcing approach as a true partner of client companies, wherequality has priority over the ability to simply supply the required workforce;
seamless cooperation among businesses differentiates services in terms ofproject size and the use of all-inclusive contracts
・Use collaboration with big companies to create new markets
・A human resources system centered on education that allows employees todetermine their own career roadmaps

Products Human
Resources Business

Aiming to Be Number One• Production• Mechanical/electrical designs• System designs

130,000
110,000• Medical/biotech R&D

90,000

New Medium-termManagement Plan
Previous Medium-termManagement Plan
5-year
growth rate:
Up 75.6%

70,000The best company forassisting manufacturers inJapan

50,00030,000
Unit: Million yen 2017

2018

2019

2020

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2021

2022

2023

2024

2025

2026

売上⾼Net sales

11HumanResources
andEducation

Services Human Resources Business
Building a Second Core Business
More market breadth・Three key elements: logistics, tourism, direct sales
・Differentiate with quality by using outstanding hospitality skills
・Horizontal applications of exclusive knowhow acquired in thelogistics field, such as the consortium model, to speed up growthin the service sector
・Use collaboration with big companies to create new markets

Services

Expand breadth in high-potential markets

Services Human
Resources Business

85,000

New Medium-termManagement Plan

• Logistics
70,000• Tourism• Direct sales

Previous Medium-termManagement Plan

55,0005-year
growth rate:
Up 114.3%

40,000Create a best quality cycle

25,00010,000
2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

売上⾼
Net sales

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12Business Climate and Goals of the Real Estate Business

RealEstate

The real estate industry in Japan
Prices are still high due to the real estate price bubble• Condominium prices are rising as the supply of new units decreases• The pandemic altered consumers’ preferences about where they live
• A rise in the vacancy rate causes a decline in rents for offices• Markets are dominated by a few big companies

The ability to identify key changes is essential as the outlook remains unclear

Goals of the World Holdings Group
Growth while maintaining a suitable scale of operations
Leverage strengths to establish a distinctive position in the real estate industry
Business site development
Expertise that no other company can match by
far for the creation of business sites ranging
from small lots to very large groups of lands

Growth at a prudent pace
Using the resources of other businesssegments makes it possible to target
attractive opportunities while
maintaining a suitable scale ofoperations for growth at a prudent pace

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Real estate sector M&A
Working with the human resources and education
business makes it possible to use M&A for various
purposes, including addition to our group ofemployees of real estate companies unable to find asuccessor for a retiring owner; this allows acquiring
business sites by using methods other thanconventional schemes

13Synergies between the Real Estate and Human Resources and Education Businesses
Synergies generated by Real Estate and Human Resources and Education businesscollaboration, which are businesses that previously operated separately
Comprehensive business alliance established by Tokyu Land, World Residential and World Staffing

TOKYU LAND CORPORATION
Development and operation oflogistics facilities
Information
about potentialsites

Leasing oflogistics
facilities

Logistics
facilitytenants
Provision of human resourceservices (tentative)

Real EstateHuman Resourcesand Education

WORLD RESIDENTIALWORLD STAFFING

Purchase and development of land forreal estateCore strength is subcontracting (third-partylogistics) in the logistics sector

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14Real Estate Business Strategies

RealEstate

Build a stable framework for operations that is resilient to change
Use business site development skills to strengthen activities involving existing buildings andenlarge operations to include real estate finance and other business sectors

Real estate
revitalization

Development• Development of condominiums• Renovations• Business site development• Conversion• Detached houses• Area redevelopment• Management of condominiums• Reconstructing condominiumbuildings

Copyright © WORLD HOLDINGS CO., LTD. All Rights ReservedFinance• Asset management• REIT15

Business Climate and Goals of the Information and Telecommunications BusinessInformation
andTelecommunications

The information and telecommunications industry in JapanThe realignment of Japan’s mobile phone sales agent sector is accelerating
The role of stores selling phones and service plans is changing because of market changes
and the shift in the competitive landscape. For example, carriers are competing by offering
lower rates and service plans exclusively for internet connections.

Shops must evolve to reflect changes in the industry

Goals of the World Holdings Group
Build a broader and stronger business portfolio and transform mobile phone sales
agent shops into total solutions partners for the communities they serve• Combine the knowledge of the mobile phone shop business and the corporate solutions business for more activities
outside shops and a larger lineup of products and services at shops. The goals are more opportunities for contact
with new customers and the transformation of shops into a total solutions partner for the communities they serve.
• Continue progress with establishing a dominant presence for mobile shops to receive benefits as a survivor in thismarket and make this business consistently profitable.

Become the leading regional mobile phone shop network as a lifestyle infrastructure services basefor communities, backed by training programs to give shop personnel outstanding customer service
and consulting skills.
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16

Business Climate and Goals of the Agricultural Park Business
The agricultural park industry in Japan

Operation of nature-rich agriculturalparks, etc. at 13 locations around Japan

People are increasingly interested in
outdoor activities and local governments
are outsourcing the management of parks
to the private sector.

Operation of a total of 13 facilities, including 4 directly
managed facilities and other entrusted facilities

Deepen regional roots and contribute to theregional economy and job creation

Goals of the World Holdings GroupUse business revitalizationaccomplishments and expertise acquired
from operating our own parks to receive
orders in more regions for managing
parks and other facilities.
Agricultural parks, where people are not close
together, are an ideal place to go during thepandemic. To attract more visitors, parks aremaking people aware of this advantage.

Contribute to society by helping

protect the environment and conserve
the earth’s resources

AgriculturalParks

Minokamo Rest Area

Rakuten Seimei Park
Smile Glico Park

Kanzaki Farm Park
Yodel Forest

Directly
managedComorebi
Ibaraido Forest

Niimi Chiya Onsen
Ibukinosato
Kitakyusyu Municipal
Sougou Nouji Center

Chiba Zoological Park
Fureai Dobutsu-no-Sato

Hibikinada
Green Park

Shiga Agricultural Park
Blumen Hugel FarmDirectly
managed

Sakai Greenery Museum
Harvest Hill

Directlymanaged

Ama Site Park
Directly
managedOkayama Forest Park
German Forest

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Wakayama Castle
Zoological Park

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Overall Strategy

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

Products Human
Resources Business

Services Human ResourcesBusiness

The“Ways WeLive”

Information andTelecommunications BusinessInformation andTelecommunications

Agricultural Park Business

Agricultural Parks
Establishment of a business model focused on
the ability to respond to changes

Diversificationof business

Decentralization

One-timerevenuebusiness

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Recurring
revenuebusiness

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Inquiries

The “Ways We Live”
No information in this presentation is provided for the purpose of solicitingpurchases or sales of our stock.
Furthermore, opinions, forecasts and other information not based on historical facts
represent our judgments at the time this presentation was prepared.
We do not guarantee the accuracy of this information and may revise thisinformation at any time without prior notice.
We and other providers of this information assume no responsibility whatsoever for
any losses incurred in association with the information in this presentation.

Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved

Norio Nishihara
Public and Investors Relations OfficeWORLD HOLDINGS CO., LTD.
TEL: 03-3433-6005
E-MAIL: irinfo＠world-hd.co.jp
URL: https://www.world-hd.co.jp/

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