Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2024
[Japanese GAAP]
April 26, 2024

Listing: Tokyo Stock Exchange, Prime Market
Company name: QUICK CO., LTD.
Stock code:
4318
URL: https://919.jp/
Representative: Tsutomu Wano, Chairman
Contact:
Kenta Kijima, Director and Executive Officer,
General Manager of Administration and Accounting Division
Tel: +81-6-6366-0919
Scheduled date of Annual General Meeting of Shareholders:June 21, 2024
Scheduled date of filing of Annual Securities Report:
June 21, 2024
Scheduled date of payment of dividend:
June 24, 2024
Preparation of supplementary materials for financial results:
Yes
Holding of financial results meeting:Yes(All amounts are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023–March 31, 2024)(1) Consolidated results of operations(Percentages represent year-on-year changes.)
Net sales

Operating profit

Millions of yen% Millions of yen% Millions of yen

Fiscal year ended Mar. 31, 2024
29,487
6.1
4,964
10.6
Fiscal year ended Mar. 31, 2023
27,794 17.8
4,487
34.1
Note: Comprehensive income (millions of yen) Fiscal year ended Mar. 31, 2024:
Fiscal year ended Mar. 31, 2023:
Net income per
share% Millions of yen

5,029
10.7
4,543
32.7
4,194 (up 43.1%)
2,931 (up 28.7%)

Diluted net
Return on equity
income per share

Yen

Profit attributable toowners of parent

Ordinary profit

Yen

3,505
3,261

Ordinary profit
to total assets%

Fiscal year ended Mar. 31, 2024
187.41–
23.3
Fiscal year ended Mar. 31, 2023
173.07–25.3
Reference: Equity in earnings of affiliates (millions of yen): Fiscal year ended Mar. 31, 2024: –Fiscal year ended Mar. 31, 2023: –

%

7.5
45.1

Operating profit
to net sales

%

%

23.8
23.8

16.8
16.1

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Millions of yen

Shareholders’ equity ratio Net assets per share%

As of Mar. 31, 2024
22,042
16,420
As of Mar. 31, 2023
20,17913,724
Reference: Shareholders’ equity (millions of yen)
As of Mar. 31, 2024: 16,416

Yen

74.5
68.0
As of Mar. 31, 2023: 13,723

877.57733.60(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

2,973
3,545

(750)
(497)

(1,493)(1,370)12,997
12,213Fiscal year ended Mar. 31, 2024
Fiscal year ended Mar. 31, 2023

Cash flows from Cash and cash equivalents
financing activities
at end of period

2. Dividends
Dividend per share
1Q-end 2Q-end 3Q-end Year-end
Fiscal year ended Mar. 31, 2023
Fiscal year ended Mar. 31, 2024
Fiscal year ending Mar. 31, 2025
(forecasts)

Total

Yen

Yen

Yen

Yen

–
–

26.00
36.00

–
–

44.00
58.00

70.00
94.00

–

47.00

–

47.00

94.00

Total
dividends

Payout ratio(consolidated)

Yen Millions of yen

1,314
1,758

Dividends to
net assets(consolidated)

%

%

40.4
50.2

10.2
11.7

57.8

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024–March 31, 2025)
Net salesFirst half
Full year(Percentages represent year-on-year changes.)
Profit attributable to
Net income
Ordinary profit
owners of parent
per share

Operating profit

Millions of yen%

Millions of yen

16,637
31,670

5.3
7.4

3,258
4,490

% Millions of yen(19.2)
(9.6)

3,280
4,523

% Millions of yen(19.5)(10.1)

2,262
3,040

%

Yen

(19.5)(13.3)

120.93162.55

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes inscope of consolidation): None
(2) Changes in accounting policies and accounting-based estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards, others: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting-based estimates: None
4) Restatements: None

(3) Number of shares issued (common shares)
1) Number of shares issued at the end of the period (including treasury shares)
As of Mar. 31, 2024:

19,098,576 shares

As of Mar. 31, 2023:

19,098,576 shares

As of Mar. 31, 2023:

391,355 shares

2) Number of treasury shares at the end of the period
As of Mar. 31, 2024:

391,412 shares

3) Average number of shares outstanding during the period
Fiscal year ended Mar. 31, 2024:

18,707,193 sharesFiscal year ended Mar. 31, 2023:

18,846,126 shares

Reference: Summary of Non-consolidated Financial Results
Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023–March 31, 2024)(1) Non-consolidated results of operations(Percentages represent year-on-year changes.)
Net sales

Operating profit

Millions of yen

Fiscal year ended Mar. 31, 2024
Fiscal year ended Mar. 31, 2023

Fiscal year ended Mar. 31, 2024
Fiscal year ended Mar. 31, 2023

19,861
18,582% Millions of yen

6.9
20.5

3,454
3,063

Ordinary profit% Millions of yen

12.8
28.9

4,104
3,586

Profit% Millions of yen

14.4
27.7

2,977
2,768

%

7.6
42.0

Net income per share Diluted net income per share
Yen
Yen
159.16–146.81–(2) Non-consolidated financial position
Total assets
Millions of yen

Net assets

Shareholders’ equity
ratio

Millions of yen

As of Mar. 31, 2024
17,571
13,756
As of Mar. 31, 2023
16,062
11,627
Reference: Shareholders’ equity (millions of yen):
As of Mar. 31, 2024:

Net assets per share%

13,756

78.3
72.4
As of Mar. 31, 2023:

Yen

735.38621.56
11,627* The current financial report is not subject to audits by certified public accountants or accounting firms.
* Explanation of appropriate use of earnings forecasts, and other special items
Forecasts and forward-looking statements in these materials are based on assumptions judged to be valid and information
available to the Company’s management at the time the materials were prepared. These materials are not promises by theCompany regarding future performance. Actual results may differ significantly from these forecasts for a number of reasons. For
discussion of the assumptions and other factors considered by the Company in preparing the above projections, please refer topage 5 of the attachments “1. Overview of Results of Operations (4) Outlook.”QUICK CO., LTD. (4318) Financial Results for FY3/24

Contents of Attachments

1. Overview of Results of Operations ........................................................................................................... 2(1) Results of Operations .............................................................................................................................. 2(2) Financial Position.................................................................................................................................... 5(3) Cash Flows .............................................................................................................................................. 5(4) Outlook ................................................................................................................................................... 5(5) Basic Policy for Profit Distribution and Dividends in the Current and Next Fiscal Years ........................ 6
2. Corporate Group ....................................................................................................................................... 7
3. Management Policies ................................................................................................................................ 8(1) Basic Management Policy ....................................................................................................................... 8(2) Performance Targets ................................................................................................................................ 8(3) Medium- and Long-term Management Strategy ...................................................................................... 8(4) Issues to Address ..................................................................................................................................... 8
4. Basic Approach to the Selection of Accounting Standards ...................................................................... 10
5. Consolidated Financial Statements and Notes ......................................................................................... 11(1) Consolidated Balance Sheet .................................................................................................................. 11(2) Consolidated Statements of Income and Comprehensive Income .......................................................... 13
Consolidated Statement of Income ........................................................................................................ 13
Consolidated Statement of Comprehensive Income ............................................................................... 14(3) Consolidated Statement of Changes in Equity ....................................................................................... 15(4) Consolidated Statement of Cash Flows ................................................................................................. 17(5) Notes to Consolidated Financial Statements .......................................................................................... 18
Segment Information ............................................................................................................................. 18

1

QUICK CO., LTD. (4318) Financial Results for FY3/24

1. Overview of Results of Operations(1) Results of Operations
During the fiscal year ended March 31, 2024 (“the fiscal year under review”), the Japanese economy experienced amoderate recovery against a backdrop of the normalization of economic activities and the increased inbound demandfollowing the reclassification of COVID-19 to Category 5. However, problems that are hindering economic recovery
remained unresolved, such as unstable international situations including the prolonged Ukraine crisis, the escalating
tensions in the Middle East, price increase on the back of higher resource and raw material costs, the continued
weakening trend of the yen, and concerns about a slowdown in the overseas economies including the Chinese
economy.
Although the labor market in Japan is on an improving trend with the seasonally adjusted job openings-to-applicantsratio being 1.26 in February 2024, the labor shortage in the corporate and other sectors has not yet been resolved.
Under such business environment, the QUICK Group has been working on differentiating the Group fromcompetitors and increasing customer satisfaction by helping our client companies solve their HR related problems
by developing new markets and strengthening coordination between the group companies as well as further
expanding the existing businesses. The Group is also strengthening its business base by investing in human resources.
As a result, for the fiscal year under review, we achieved sales and earnings growth, both reaching all-time highs.
Net sales increased 6.1% year-on-year to 29,487 million yen, operating profit increased 10.6% to 4,964 million yen,ordinary profit increased 10.7% to 5,029 million yen, and profit attributable to owners of parent increased 7.5% to
3,505 million yen.
Note that, effective from the beginning of the fiscal year under review, the name of the reportable segment that waspreviously referred to as the IT and Internet-Related Business has been changed to the HR Platform Business inorder to more accurately represent the nature of the business. This change is merely a change in segment name andhas no impact on segment information.
Performance of the business segments is described as follows.
(Human Resources Services Business)
1) Personnel Placement
In the personnel placement category, recruiting needs for various jobs continued to be robust in our focus fields ofconstruction, electronics/machinery, and automobile industries, as well as for nurses and childcare workers in the
medical and welfare sectors. Under these circumstances, we made continued efforts, including developing newmarkets for focus job fields and areas, organizing effective promotional activities to attract registrants, holding moremeetings with our client companies and registrants who wish to change careers, and providing swift and extensive
support. As a result, the personnel placement for specific fields including construction-related jobs, various typesof engineering jobs, nurses, and childcare workers remained solid.
2) Temporary Staffing, Temporary-to-Permanent Staffing, and Business Contracting
In the temporary staffing, temporary-to-permanent staffing, and business contracting categories, needs for COVID19 related temporary staffing decreased significantly due to the reclassification of COVID-19 to Category 5. Under
such circumstances, our efforts to hold more meetings with registrants who wish to work as a temporary staff aswell as to strengthen sales to nursing care facilities, hospitals, and other facilities, which we have been promoting
since the first half, contributing to a steady expansion in the performance of temporary staffing of nurses. Revenue
also increased in the temporary staffing of childcare workers amid continued robust demand for temporary staffing
needs, as our efforts to improve the accuracy of matching registrants who wish to work as a temporary staff withclient facilities resulted in a steady increase in the number of temporary staff at work.
Overall, sales of the Human Resources Service Business increased 8.1% year-on-year to 20,631 million yen andoperating profit also increased 14.4% year-on-year to 4,435 million yen.

2

QUICK CO., LTD. (4318) Financial Results for FY3/24(Recruiting Business)
In the Recruiting Business, corporate recruiting needs were robust in the restaurant, hotel, logistics, and service
sectors due to the relaxation of movement restrictions against a backdrop of the reclassification of COVID-19 toCategory 5, the expansion of inbound demand triggered by the weakened yen, and also due to the fact that student
part-time workers tend to quit their jobs around the end of the Japanese academic year. Additionally, recruitment
needs also remained strong in the medical and welfare sectors suffering chronic labor shortages.
Under such circumstances, the volume of our mainstay Indeed and Indeed PLUS, for which we began sales inJanuary 2024, expanded steadily. In addition, the handling of media for recruiting new college graduates performed
solidly on the back of the increased corporate appetite to recruit new college graduates following the economic
recovery from the pandemic. On the other hand, revenue from the handling of our existing mainstay media forrecruiting part-time and temporary staff and media for recruiting full-time employees targeting mid-career recruiting
decreased due a decline in advertising effectiveness caused by a robust job market and a switch to Indeed PLUS.
For services other than the handling of recruiting advertisement, the consulting service field such as program
development for internships and company information sessions for new graduate recruiting grew steadily, and theperformance of the production field such as recruitment websites, company brochure, and others also showed a solid
performance.
Overall, sales of the Recruiting Business decreased 3.9% year-on-year to 3,242 million yen and operating profit
decreased 13.4% year-on-year to 559 million yen.
(Information Publishing Business)
In the Information Publishing Business, the lifestyle information magazine category remained solid thanks to arecovery in sales promotion sentiment following the reclassification of COVID-19 to Category 5 and a robust job
market in the Hokuriku region and Niigata. However, the overall performance of the lifestyle information magazine
largely leveled off due mainly to the suspension of advertisement placement caused by the Noto Peninsula
Earthquake that occurred in January 2024. The performance of posting services, which distribute flyers and othermaterials to each household, also remained roughly flat, as the handling of flyers for housing events, restaurants,
etc. slowed down.
On the other hand, the consulting services, in which we operate under the “coco color.” brand, performed well in
the career change domain on the back of robust recruiting demand in the Hokuriku region and Niigata, thanks
primarily to successful results of our participation in a large-scale recruiting project for the new factory construction
by manufacturers in the Hokuriku region, as well as successful measures to strengthen promotional activities andhold more meetings to attract registrants. Furthermore, both the housing and bridal domains also posted an increase
in revenue, leading to across-the-board expansion in performance. Additionally, this business category showed ahealthy performance in the volume of Indeed, the production of websites and other web-related services.
Overall, sales of the Information Publishing Business increased 7.4% year-on-year to 2,491 million yen andoperating profit also increased 77.5% year-on-year to 343 million yen.
Note that, effective from the beginning of the fiscal year ending March 31, 2025, the name of the reportable segmentthat is currently referred to as the Information Publishing Business will be changed to the Local Information Service
Business to more accurately represent the nature of the business. This change is merely a change in segment nameand has no impact on segment information.
(HR Platform Business)
In the HR Platform Business, the market for “Nihon no Jinjibu” (Japan’s Human Resources Department) related
service continued to enjoy strong demand for capital investment to improve business efficiency and promote DX,
whereby resolving issues in the HR domain, as well as sales promotion needs for services related to recruiting and
HR development. Needs to attract participants to training events and seminars related to personnel and labor issues
also continue to be high. Against this backdrop, advertising revenues from “Nihon no Jinjibu”—our portal website
for personnel and labor relations showed an improving trend, as advertising placements by some clients, who had
curbed their promotional activities, began to recover after the settling down of the pandemic. Additionally, thesuccess of the HR Conference 2024-Winter held in February 2024 as a real event for face-to-face discussions and3

QUICK CO., LTD. (4318) Financial Results for FY3/24

networking among corporate HR leaders, experts in various fields, and HR service providers also contributed toachieving all-time high in earnings in the second half.
Overall, sales of the HR Platform Business decreased 20.5% year-on-year to 1,321 million yen and operating profit
decreased 11.1% year-on-year to 680 million yen.
Note that, due to the sale of all shares of Kronos Co., LTD. in October 2022, the company’s operating results are
not included in the consolidated operating results of the QUICK Group for the fiscal year under review, resulting ina difference in the operating results for the previous fiscal year. (Note that the company's operating results were
included in our operating results for the first half of the previous fiscal year).
(Overseas Business)
In the U.S., recruiting needs continued to be strong in a wide range of fields, including the manufacturing industry
such as automobile-related and food manufacturers, the logistics and IT industries, and trading companies. In
addition, since there are many recruiting needs among local Japanese companies for positions that do not require
Japanese language skills, we worked to strengthen our efforts to acquire not only Japanese-English bilingual
personnel, but also personnel with a strong emphasis on work experience. In such a business environment, revenue
increased in both the personnel placement and temporary staffing businesses as operations of offices in Chicago,
Irvine (now Orange County), and Atlanta, which opened after 2022, are now on track. In Mexico, recruiting needs
for interpreters and translators increased to respond to the growing number of employees transferred from Japan, as
manufacturing companies began to expand production, especially in the auto-related industry, and efforts were also
focused on introducing local human resources, including engineers and sales personnel, resulting in expansion inbusiness performance.
In the U.K., the temporary staffing business posted an increase in revenue amid continued brisk corporate recruiting
demand. Meanwhile, the personnel placement business also performed steadily, including international careerchange support (Cross Border Recruitment® services), as a result of our efforts to strengthen sales structure andcultivate new clients. Furthermore, operations began to be on track at Centre People Appointments B.V., which wasestablished in April 2023 by Centre People Appointments Ltd., with progress being made in acquiring recruitment
needs and building relationships with companies through the development of new clients and the holding of seminars.
In China, amid an increase in the number of local Japanese companies suffering poor performance impacted by theworsening Chinese economy, consultation advisory services remained resilient due to the need to manage risks inresponse to changes in various laws and regulations. In addition, the personnel and labor consulting business posted
an increase in revenue, as there were one-off orders for training services for HR development due to the high levelof need for such services. In the meantime, while corporate recruiting needs were limited to those who are difficult
to recruit due to the severe domestic economy, the performance of the personnel placement category showed arecovery trend as a result of a meticulous response to client needs and consistent bolstering of sales efforts. In
Vietnam, the business environment turned difficult as client companies in the IT and construction industries, which
had been the driving force of our business, raised their recruiting standards, and recruitment needs continued to bemainly for those to fill vacancies in the manufacturing and service sectors and in trading companies. Despite that,
however, our efforts to develop new clients newly entering the Vietnamese market led to an increase in revenue.
Furthermore, in Thailand, while recruitment needs also continue to be mainly to fill vacancies, we worked to bolster
our sales efforts, focusing on job fields with relatively high recruitment needs and with a high number of registrants
who wish to change careers, such as sales personnel and Japanese-speaking personnel, resulting in an increase inrevenue.
Overall, sales of the Overseas Business increased 32.7% year-on-year to 1,801 million yen and operating profit also
increased 62.6% year-on-year to 170 million yen.

4

QUICK CO., LTD. (4318) Financial Results for FY3/24(2) Financial Position
AssetsTotal assets at the end of the fiscal year under review increased 9.2%, or 1,863 million yen, year-on-year to 22,042
million yen. This was mainly the result of increases in cash and deposits and investment securities despite a decreasein deferred tax assets.
Liabilities
Total liabilities at the end of the fiscal year under review decreased 12.9%, or 832 million yen, year-on-year to 5,622
million yen. This was mainly the result of decreases in provision for bonuses and income taxes payable despite anincrease in deferred tax liabilities.
Net assets
Total net assets at the end of the fiscal year under review increased 19.6%, or 2,695 million yen, year-on-year to
16,420 million yen. This was mainly the result of an increase in retained earnings due to the booking of profit
attributable to owners of parent. The shareholders’ equity ratio improved 6.5 percentage points from the end of theprevious fiscal year to 74.5%.
(3) Cash Flows
Cash and cash equivalents (hereinafter “net cash”) increased 783 million yen from the end of the previous fiscal
year to 12,997 million yen at the end of the fiscal year under review. Outflows included income taxes paid anddividends paid, while inflows included profit before income taxes.
Cash flows by category are as follows.
Cash flows from operating activities
Net cash provided by operating activities decreased 16.1% year-on-year to 2,973 million yen. Negative factors
include income taxes paid of 1,574 million yen. Positive factors include profit before income taxes of 5,028 million
yen.
Cash flows from investing activities
Net cash used in investing activities increased 50.7% year-on-year to 750 million yen. Positive factors include 17
million yen of proceeds from sale of investment securities. Negative factors include purchase of property, plant andequipment and intangible assets of 751 million yen.
Cash flows from financing activities
Net cash used in financing activities increased 9.0% year-on-year to 1,493 million yen. Negative factors include
dividends paid of 1,493 million yen.
(4) Outlook
Going forward, amid a gradual recovery trend in the domestic economy, we expect to see an improvement in
consumption activities due to such factors as wage hikes and a further increase in inbound demand. However, weneed to remain cautious about the future of the Japanese economy due to rising geopolitical risks in Ukraine andthe Middle East, soaring prices of resources and raw materials and rising prices of commodities in response to theweakened yen, as well as uncertainty in the global economy, including the slowdown of the Chinese economy.
As for employment circumstance, recruiting needs in the restaurant, logistics, hotel, and service sectors are
expanding with the easing of COVID-related restrictions and a recovery in the inbound demand. In the transportationand construction industries, which are required to address the “2024 problem,” or tightened regulations on overtime
work, recruiting appetite among companies are also strong. Furthermore, in other sectors, an increasing number ofcompanies are considering reinforcement of mid-career recruiting to promote organizational diversity, DX, andglobalization of the business. In addition to such moves, recruiting needs of companies and the mobility of humanresources are expected to further increase because we are still facing a severe structural labor shortage caused by
the country’s falling birthrate and aging population.
5

QUICK CO., LTD. (4318) Financial Results for FY3/24

Given such business environment, the Human Resources Services Business will promote the acquisition ofregistrants and securing of the number of interviews by aggressively investing in the development and enhancementof our websites and in strengthening promotions. We will also strive to enhance the personnel placement andtemporary staffing services targeting specific domains by deep-diving into the existing domains and developing newmarkets. In addition, we will make a full-scale investment in the contingent fee-based recruitment advertisingbusiness in the nursing domain and develop services utilizing the business assets of the Career-tasu’s nursing
business, which is scheduled to be acquired in May 2024.
The Recruiting Business will promote proposals for recruiting media with higher advertising effectiveness andexpand our customer base, focusing on strengthening support for specific industries. On the other hand, we willcontinue to develop services for clients to build recruiting strategies, improve screening activities, and develop
corporate branding.
The Local Information Service Business, which will be renamed from the Information Publishing Business fromthe beginning of the fiscal year ending March 31, 2025, will work to improve revenue of media services bypromoting the handling of new web media while seeking to stabilize performance by improving our own media
according to the sales promotion and recruitment needs of our clients. In addition, we will strengthen our sales
structure and promotions for our highly profitable consulting service “coco color.”
The HR Platform Business will strive to differentiate our core “Nihon no Jinjibu” related services from the servicesof our competitors not only by attracting customers when placing advertisements and exhibiting at events, but also
by expanding content and services that lead to brand enhancement, etc., and by providing content that meets thediversifying purposes of use of users.
The Overseas Business will proceed with market research for further development of operations bases, while getting
the operation on track at our new bases in the U.S. and the Netherlands, which opened in the previous fiscal year.
We will also strengthen personnel placement and temporary staffing services by strengthening sales structure
through recruiting and training, while focusing on the Cross Border Recruitment® services, career change support
services for those who seek a job internationally.
Given the above, we expect consolidated net sales to increase 7.4% year-on-year to 31,670 million yen, operating
profit to decrease 9.6% to 4,490 million yen, ordinary profit to decrease 10.1% to 4,523 million yen, and profit
attributable to owners of parent to decrease 13.3% to 3,040 million yen for the fiscal year ending March 31, 2025.
(5) Basic Policy for Profit Distribution and Dividends in the Current and Next Fiscal Years
The Company positions the return of profits to shareholders as a priority management issue and endeavors to achievesustainable growth and increase corporate value.
As announced in the “Notice of Change in Dividend Policy and Revision to Dividend Forecast (Dividend Increase)”
dated December 12, 2023 (Japanese version only), we have decided to increase the dividends of surplus. Specifically,
we aim to enhance our return of profits and augment shareholders’ value with a basic policy that adopts 50% of
profit attributable to owners of parent as our target dividend payout ratio, taking into consideration such factors as
strengthening our financial base and future business developments.
Along with this dividend policy, as announced in the “Notice of Dividends of Surplus (Dividend Increase)” released
today (Japanese version only), we plan to pay the year-end dividend of 58 yen per share, thus an annual dividend of
94 yen per share consisting of a dividend of 36 yen at the end of the second quarter and 58 yen at the fiscal yearend.
For the fiscal year ending March 31, 2025, we forecast an annual dividend of 94 yen per share, consisting of adividend of 47 yen at the end of the second quarter and 47 yen at the fiscal year-end. At present, we do not expect
to award dividends other than at the end of the second quarter and fiscal year-end.

6

QUICK CO., LTD. (4318) Financial Results for FY3/24

2. Corporate GroupThe QUICK Group (QUICK CO., LTD. and its affiliated companies) consists of QUICK CO., LTD. (the Company),and 15 consolidated subsidiaries. Business operations are 1) Human Resources Services Business, 2) Recruiting
Business, 3) Information Publishing Business, 4) HR Platform Business, and 5) Overseas Business.
A flowchart of the Group’s business operations is as follows:

Note: All of the above 15 affiliated companies are consolidated subsidiaries.
The Information Publishing Business will be renamed to the Local Information Service Business from the beginning of
the fiscal year ending March 31, 2025.

7

QUICK CO., LTD. (4318) Financial Results for FY3/24

3. Management Policies(1) Basic Management Policy
Since the time of its establishment, the QUICK Group has provided comprehensive human resources services thatlink people and companies. Themed on human resources, we develop business that contributes to society. Goingforward, we will continue to grow as a company that “contributes to society through the human resources andinformation businesses.”
The QUICK Group’s businesses are as described in “2. Corporate Group.” In each of these businesses, the Groupwill strengthen operations in order to respond swiftly to market needs, including those of client companies and jobseekers, and also build up our sales structure. Furthermore, the Group will strive to enhance management efficiencies
through synergistic effects enabled by information sharing and cooperation within the Group.
(2) Performance Targets
While expanding the scale of its operations, the QUICK Group’s policy is to build a profitability-orientedorganization that makes effective use of such business assets as its proprietary sales network and expertise in
attracting registrants who wish to change careers within the Group. In addition, by aggressively pursuinginvestments necessary to strengthen existing businesses and develop new business areas, the Group will achieve
stable growth and a robust financial foundation over the medium to long-term, aiming to improve its ordinary profit
margin and return on equity (ROE).
(3) Medium- and Long-term Management Strategy
The QUICK Group, in order to expand its areas of business as a comprehensive human resources services andinformation services company, intends to further ramp up our mainstay Human Resources Services Business, alongwith aiming to achieve the medium- to long-term growth of each of the other businesses.
In each business, we will engage in cultivation of new markets and development of new products, services, andbusiness models. We will strive to build a sales structure to swiftly meet changing market needs and enhance ourcompetitiveness through synergies arising from the strengthening of cooperation between the businesses.
Furthermore, we aim at realizing the concept of the “Sekai no Jinjibu® (Human Resources Department for theworld),” through which we develop global human resources services, by strengthening cooperation between ouroverseas companies and businesses in Japan and promoting international career change support (Cross Border
Recruitment® services), in order to drive our Overseas Business forward.
(4) Issues to Address
Based on its management philosophy of “making everyone involved happy” and its business philosophy of“contributing to society through human resources and information businesses,” the QUICK Group aims to cultivate
new markets in the existing businesses and propose new services. At the same time, we will continue to invest incore strategic fields and grow in these fields with the goal of becoming the leader in these targeted markets. In
addition to Japanese companies that must deal with recruiting and personnel and labor issues at their overseas
operations, many companies in Japan are also suffering from structural labor shortage due to the country’s fallingbirthrate and aging population. In this environment, we take proactive stance in order to accomplish our goal of
becoming a “Sekai no Jinjibu®” that can help solve the recruiting and other HR issues of companies at home andabroad by providing global human resources services.
Furthermore, we will focus more on hiring and training of people and M&As to promote these goals, thereby
enabling the QUICK Group as a whole to grow even faster.
The issues in individual business segments are outlined below.
(Human Resources Services Business)
1) Personnel Placement
In the personnel placement category, human resources companies are competing more intensely in order primarily
to attract registrants who wish to change careers for specialized jobs in a wide range including our focus fields ofconstruction, electric/machinery, pharmaceutical, medical, and welfare business sectors.
8

QUICK CO., LTD. (4318) Financial Results for FY3/24

Accordingly, we will strive to attract more registrants who wish to change careers and secure the number ofinterviews by making aggressive investments. Through the investments, we will develop our websites to enhanceusability and satisfaction by strengthening their functions with more contents available online, increase the brandpower by strengthening promotional activities, and extensively review other methods. We will also deep-dive into
the existing domains, cultivate new domains, and enhance competitive advantage through better relationships withclient companies and registrants who wish to change careers.
Furthermore, we will develop services of the Career-tasu nursing business (new graduate recruitment service) to beacquired in May 2024 by leveraging its brand awareness and business assets including registered nursing students.
At the same time, we will enhance competitiveness of the entire organization by eliciting strengths of young
employees early on by actively recruiting and intensively training them.
2) Temporary Staffing, Temporary-to-Permanent Staffing, and Business Contracting
In the temporary staffing, temporary-to-permanent staffing, and business contracting categories, demand for
temporary staffing is expected to remain strong from medical and welfare sectors as well as childcare workers
category, although demand for COVID-related temporary staffing of nurses, which is our priority category, willalmost come to an end.
Under such circumstances, to respond to the bigger cost burden resulting from rising pay rates of temporary staff
and the extension of social insurance coverage imposed from October 2024, we will continue negotiation with ourclient facilities and others regarding fees of temporary staffing.
We will also work to effectively attract more people to register for temporary staffing placements and hold moremeetings in order to secure sufficient profit by focusing on efforts other than promotions, such as enriching our
website with more contents, holding seminars, and approaching existing registrants, while working on expanding
the market penetration of temporary staffing services in coordination with the personnel placement business fornurses.
(Recruiting Business)
In the Recruiting Business, the competitive environment surrounding the recruitment media we have handled to datehas been changing rapidly due to continuously diversified hiring methods, including emerging aggregation-type
recruiting media (search engine type recruiting media collecting specific information from multiple websites) such
as Indeed or contingent fee-based recruiting media, as well as personnel placements and widespread direct recruiting.
To respond to this situation, we will strengthen comprehensive proposals to pursue recruiting results, including
support for developing recruiting strategies and improving screening activities, centered on proposals for
aggregation-type recruiting media such as Indeed PLUS.
We will also work to expand our client base by strengthening support for specific industries with strong recruitingneeds.
(Information Publishing Business)
The Information Publishing Business (to be renamed to the Local Information Service Business from the beginningof fiscal year ending March 31, 2025) expects a continuous downward trend in placing advertisements in information
magazines as the advertising techniques of the clients have been shifting further to web media. The posting service
is facing the challenges of the slowdown in distribution demand compared to the period of the COVID-19 pandemic
and chronic shortage of posting staff.
To address such circumstances, we will endeavor to improve profitability of the media services as a whole by startingto handle new web media such as Retty for sales promotion advertising for restaurants and Indeed PLUS for
recruiting advertisements, while improving the existing owned media to meet to customer needs on an ongoing basis.
In addition, the posting service will expand its distribution area in Toyama and Niigata prefectures, and will respondto the clients’ distribution needs by allowing more detailed setting of distribution destinations. We will also work
to strengthen interactions with staff currently active and improve workplace to cope with the shortage of posting
staff and stabilize the distribution system by strengthening recruiting activities.

9

QUICK CO., LTD. (4318) Financial Results for FY3/24(HR Platform Business)
In the HR Platform Business, with regard to “Nihon no Jinjibu,” a total information site pertaining to personnel andlabor, competition has been intensifying in the handling of HR solutions-related advertising due to an increase ofcompeting websites and similar events and services, while advertising investment standards within HR solution
companies are becoming stricter.
In response to such moves, we will work to increase the user value of the “Nihon-no-Jinjibu” related services within
HR solution companies by creating content and expanding services that will not only attract customers when placing
advertising, but also improve the brand.
We will also post numerous contents within the website to increase the number of members and frequency of using
the website, aiming to enhance our competitive advantage.
(Overseas Business)
In the Overseas Business, recruiting needs of companies continue to be strong in Europe, the US, and Mexico. Inorder to get the new offices opened last year in the U.S. and the Netherlands on track in such favorable job market
for career change, we will work to build a sales structure by actively recruiting employees and intensively training
them, while simultaneously conducting market research for further office development.
On the other hand, companies’ recruiting stance in Vietnam and Thailand is mainly to fill vacancies due to theeconomic slowdown, and companies’ recruiting sentiment in China is sluggish against the backdrop of the economic
deterioration. Under these circumstances, we aim to improve our business performance in Asia by strengthening
our sales structure through recruitment and training, as well as by seeking to provide new services.
We will also focus on the Cross Border Recruitment® service, which provides job search assistance to job seekers
who wish to change careers internationally, by strengthening cooperation between subsidiaries, including between
those in the U.S. and Mexico and between those in the U.K. and the Netherlands.
4. Basic Approach to the Selection of Accounting Standards
The Group will continue to prepare its consolidated financial statements in accordance with Generally Accepted
Accounting Principles in Japan for the time being to permit comparisons with prior years and with the financial dataof other companies.
We will take suitable actions with regard to the application of International Financial Reporting Standards (IFRS)
by taking into account associated factors in Japan and other countries.

10

QUICK CO., LTD. (4318) Financial Results for FY3/24

5. Consolidated Financial Statements and Notes(1) Consolidated Balance Sheet
FY3/23(As of Mar. 31, 2023)(Thousands of yen)
FY3/24(As of Mar. 31, 2024)

AssetsCurrent assets
Cash and deposits

12,275,622

13,056,402

Notes and accounts receivable-trade

2,770,678

2,981,865

546,565

381,169

Other
Allowance for doubtful accounts
Total current assets(3,231)(3,180)15,589,635

16,416,256

1,662,537

1,894,631

Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation(813,751)(880,989)

Buildings and structures, net

848,785

1,013,641

Vehicles

16,28425,341

Accumulated depreciation(7,465)(10,690)

Vehicles, net

8,819

14,650Tools, furniture and fixtures

452,018

526,417

Accumulated depreciation(227,172)(272,399)

Tools, furniture and fixtures, net

224,845

254,017Land

176,789

176,789

Leased assets

13,906

7,606(10,785)(5,891)

3,121

1,715

1,262,360

1,460,814

Software738,371994,262

Software in progress

148,042

86,094

4,205

2,336

Accumulated depreciation
Leased assets, net
Total property, plant and equipment
Intangible assets

Goodwill
Other

10,646

10,646

Total intangible assets

901,265

1,093,340

Investment securities

1,212,293

2,131,919

Leasehold deposits

719,732

823,431

Deferred tax assets

446,062

77,190Other

52,84644,754

Investments and other assets

Allowance for doubtful accounts(5,026)(5,204)

Total investments and other assets

2,425,907

3,072,091

4,589,534

5,626,246

20,179,169

22,042,503

Total non-current assets
Total assets

11

QUICK CO., LTD. (4318) Financial Results for FY3/24(Thousands of yen)
FY3/24(As of Mar. 31, 2024)

FY3/23(As of Mar. 31, 2023)
Liabilities
Current liabilities
Accounts payable-trade672,740

789,990

Short-term borrowings

120,522

121,502

Accounts payable-other

1,304,770

1,461,580

Accrued expenses

812,050

776,286

Lease liabilities

1,471

1,092

866,202530,145

Income taxes payable
Accrued consumption taxes
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Asset retirement obligations
Other
Total current liabilities

635,407417,157

1,445,434

641,694

110,828

35,3595,508

29,300369,071358,789

6,344,006

5,162,896

1,833

741

Non-current liabilities
Lease liabilities
Deferred tax liabilities

659

192,948

Retirement benefit liability–

17,639Asset retirement obligations

107,898

247,835

Total non-current liabilities

110,392

459,164

6,454,398

5,622,061

Total liabilities
Net assets
Shareholders’ equity
Share capital

351,317351,317

Capital surplus

433,071

429,830

Retained earnings

12,503,271

14,512,614

Treasury shares(343,650)(343,784)

12,944,008

14,949,977

Valuation difference on available-for-sale securities

723,782

1,372,176

Foreign currency translation adjustment

55,75094,708

Total accumulated other comprehensive income

779,532

1,466,885

1,229

3,578

13,724,770

16,420,441

20,179,169

22,042,503

Total shareholders’ equity
Accumulated other comprehensive income

Non-controlling interests
Total net assets
Total liabilities and net assets

12

QUICK CO., LTD. (4318) Financial Results for FY3/24(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statement of Income
FY3/23(Apr. 1, 2022–Mar. 31, 2023)(Thousands of yen)
FY3/24(Apr. 1, 2023–Mar. 31, 2024)

Net sales

27,794,894

29,487,181

Cost of sales

9,374,866

9,576,566

Gross profit

18,420,028

19,910,615

Selling, general and administrative expenses

13,932,899

14,945,859

Operating profit

4,487,128

4,964,756

Non-operating income
Interest income

2,097

2,591

Dividend income

8,453

8,352

Foreign exchange gains

15,951

9,098

Sale cooperation fee

14,850600

Subsidy income

9,342

1,041

Book sales commission

14,983

20,228Other

21,88924,839Total non-operating income

87,56766,751Non-operating expenses
Interest expenses

1,476

1,630

Commission expenses

25,21851

Information security expenses

4,144

–

306

0

31,145

1,681

4,543,550

5,029,826

OtherTotal non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of shares of subsidiaries and associates
Gain on sale of investment securities
Total extraordinary income

126

862

171,296

–

–

3,729

171,422

4,591

Extraordinary losses
Loss on retirement of non-current assets

251

1,018

Loss on sale of investment securities

–

4,584

Impairment losses

114,061–

Loss on store closings

25,750–Total extraordinary losses

140,063

5,602

Profit before income taxes

4,574,909

5,028,815

Income taxes-current

1,516,638

1,245,758

Income taxes-deferred(203,233)

276,218

Total income taxes

1,313,405

1,521,977

Profit3,261,504

3,506,837

(157)

917

3,261,661

3,505,919

Profit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

13

QUICK CO., LTD. (4318) Financial Results for FY3/24

Consolidated Statement of Comprehensive Income
FY3/23(Apr. 1, 2022–Mar. 31, 2023)(Thousands of yen)
FY3/24(Apr. 1, 2023–Mar. 31, 2024)

Profit3,261,504

3,506,837

Other comprehensive income
Valuation difference on available-for-sale securities(360,938)

648,394

30,80938,787

Foreign currency translation adjustment
Total other comprehensive income(330,128)

687,181Comprehensive income

2,931,375

4,194,019

Comprehensive income attributable to:
Owners of parent

2,931,325

4,193,272

49

746

Non-controlling interests

14

QUICK CO., LTD. (4318) Financial Results for FY3/24(3) Consolidated Statement of Changes in Equity
FY3/23 (Apr. 1, 2022–Mar. 31, 2023)(Thousands of yen)
Shareholders’ equity

Balance at beginning of
periodChanges during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesChange in scope of
consolidation
Capital increase of
consolidated subsidiaries
Net changes in items
other than shareholders’equityTotal changes during
periodBalance at end of period

Balance at beginning of
periodChanges during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesChange in scope of
consolidation
Capital increase of
consolidated subsidiaries
Net changes in items
other than shareholders’equityTotal changes during
periodBalance at end of period

Share capital

Capital surplus

Retained earnings

Treasury shares

351,317391,392

10,261,028(16,171)

Total shareholders’equity10,987,566(1,018,511)(1,018,511)

3,261,661

3,261,661

41,678(906)(330,400)(330,400)

1,881

43,560

1,040

133
–

–

41,6782,242,242(327,479)

1,956,442

351,317

433,071

12,503,271(343,650)

12,944,008

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency
difference onothertranslation
available-for-salecomprehensive
adjustment
securities
incomeNon-controllinginterests

Total net assets

949

12,098,383

1,084,720

25,147

1,109,867(1,018,511)
3,261,661(330,400)
43,560133–(360,938)

30,602(330,335)

279(330,055)(360,938)

30,602(330,335)

279

1,626,387

723,782

55,750779,532

1,229

13,724,770

15

QUICK CO., LTD. (4318) Financial Results for FY3/24

FY3/24 (Apr. 1, 2023–Mar. 31, 2024)(Thousands of yen)
Shareholders’ equity

Balance at beginning of
periodChanges during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesChange in scope of
consolidation
Capital increase of
consolidated subsidiaries
Net changes in items
other than shareholders’equityTotal changes during
periodBalance at end of period

Balance at beginning of
periodChanges during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesChange in scope of
consolidation
Capital increase of
consolidated subsidiaries
Net changes in items
other than shareholders’equityTotal changes during
periodBalance at end of period

Share capital

Capital surplus

Retained earnings

Treasury shares

351,317

433,071

12,503,271(343,650)

Total shareholders’equity12,944,008(1,496,576)(1,496,576)

3,505,919

3,505,919
(133)

(133)
–
–

(3,240)(3,240)–(3,240)2,009,343(133)

2,005,969

351,317429,830

14,512,614(343,784)

14,949,977

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency
difference onothertranslation
available-for-salecomprehensive
adjustment
securities
incomeNon-controllinginterests

Total net assets

1,229

13,724,770

723,782

55,750779,532(1,496,576)
3,505,919(133)––(3,240)648,394

38,958687,353

2,348

689,701

648,394

38,958687,353

2,348

2,695,670

1,372,176

94,7081,466,885

3,578

16,420,441

16

QUICK CO., LTD. (4318) Financial Results for FY3/24(4) Consolidated Statement of Cash Flows(Thousands of yen)
FY3/23
FY3/24(Apr. 1, 2022–Mar. 31, 2023) (Apr. 1, 2023–Mar. 31, 2024)
Cash flows from operating activities
Profit before income taxes

4,574,909

5,028,815

Depreciation

425,793482,841

Impairment losses

114,061–

Amortization of goodwill

1,869

1,869

Increase (decrease) in allowance for doubtful accounts(1,331)

126

Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for directors(and other officers)
Increase (decrease) in retirement benefit liability

410,614(807,024)

37,498(75,469)–

17,639Interest and dividend income(10,551)(10,944)

1,476

1,630

(171,296)–Interest expenses
Loss (gain) on sale of shares of subsidiaries and associates
Loss (gain) on sale of investment in securities
Gain on sale of non-current assets

–

855

(126)

(862)

Loss on retirement of non-current assets

251

933

Decrease (increase) in trade receivables(578,224)(227,777)

Increase (decrease) in trade payables

150,054

111,836

Decrease (increase) in leasehold and guarantee deposits(26,489)(102,341)

Increase (decrease) in accrued consumption taxes

160,472(221,158)

Other, net

119,103337,277

Subtotal

5,208,084

4,538,246

10,551

11,466

Interest and dividends received(1,479)(1,641)

Income taxes paid

Interest paid

(1,671,238)(1,574,397)

Net cash provided by (used in) operating activities

3,545,918

2,973,674

Cash flows from investing activities
Net decrease (increase) in time deposits(1,513)

4,580

Purchase of property, plant and equipment(281,371)(234,885)

1,884

862

(320,035)(516,525)(5,783)(4,851)

122,949––

17,872

Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of shares of subsidiaries resulting inchange in scope of consolidation
Proceeds from sale of investment securities
Payments for asset retirement obligations(14,062)(17,535)

Net cash provided by (used in) investing activities(497,932)(750,482)

Cash flows from financing activities
Net increase (decrease) in short-term borrowings(20,480)

980

Repayments of lease liabilities(2,646)(1,471)(330,400)(133)

Dividends paid

Purchase of treasury shares(1,016,709)(1,493,266)

Net cash provided by (used in) financing activities(1,370,236)(1,493,891)

38,26254,444

Net increase (decrease) in cash and cash equivalents

1,716,012

783,744

Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents resulting from
inclusion of subsidiaries in consolidation
Cash and cash equivalents at end of period

10,448,889

12,213,602

48,701–

12,213,602

12,997,347

Effect of exchange rate change on cash and cash equivalents

17

QUICK CO., LTD. (4318) Financial Results for FY3/24(5) Notes to Consolidated Financial Statements
Segment Information
1. Outline of reportable segments
The reportable segments of the Company are components for which discrete financial information is available andwhose operating results are regularly reviewed by the Board of Directors to make decisions about resource allocationand to assess performance.
The QUICK Group engages in a diverse range of businesses, including personnel placement and temporary staffing,providing services related to recruiting advertisement, and publishing local information magazines. The Company
and its consolidated subsidiaries (hereinafter “business operation companies”) are independent management units
that independently draft comprehensive business strategies and develop business activities for each business.
Accordingly, the QUICK Group is composed of business-specific segments based on the Company’s business
operating structure and business operation companies. The Group has five reportable segments: Human Resources
Services Business, Recruiting Business, Information Publishing Business, HR Platform Business, and Overseas
Business.
Main activities of the Human Resources Services Business include personnel placement, temporary staffing,
temporary-to-permanent staffing, business contracting, and nursery school operations. Main activities of the
Recruiting Business include an advertising agency business for recruiting advertisements, provision of recruiting
support tools, education and training, and personnel business contracting. Main activities of the Information
Publishing Business include publication of local information magazines, web promotion support, posting, andconcierge (face-to-face consultation) services. The HR Platform Business mainly operates the “Nihon no Jinjibu”
site, plans and operates events related to the “Nihon no Jinjibu,” and supports web promotions. The Overseas
Business engages in personnel placement, temporary staffing, personnel and labor consulting, and other services in
the U.S., China, Mexico, the U.K., the Netherlands, China, Vietnam, and Thailand.
Matters on changes in reportable segments
Change in name of reportable segment
Effective from the beginning of the fiscal year under review, the name of the reportable segment that was previously
referred to as the IT and Internet-Related Business has been changed to the HR Platform Business in order to moreaccurately represent the nature of the business.
This change is merely a change in segment name and has no impact on segment information. The segment
information for the previous fiscal year is also described using the name after the change.
2. Calculation method of net sales, profit/loss, assets and other items in each reportable segment
The method of accounting for the reported operating segments is in accordance with the accounting policy adopted
to prepare the consolidated financial statements.
Profits for reportable segments are generally operating profit.
Inter-segment sales and transfers are based on prevailing market prices.

18

QUICK CO., LTD. (4318) Financial Results for FY3/24

3. Information pertaining to net sales, profit/loss, assets and other items in reportable segments and disaggregatedrevenue
FY3/23 (Apr. 1, 2022–Mar. 31, 2023)(Thousands of yen)Amount intheAdjustment consolidated(Note 1)
financialstatements(Note 2)

Reportable Segment
Human
Resources
Services
Business

Recruiting
Business

Information
HR Platform
Publishing
Business
Business

Overseas
Business(Note 3)

Total

19,080,498

3,373,551

2,320,078

1,662,613

1,358,153

27,794,894–

27,794,894

–

–

–

–

–

–

–

–

19,080,498

3,373,551

2,320,078

1,662,613

1,358,153

27,794,894–

27,794,894(102,444)–

Net sales
Revenue fromcontracts withcustomers
Other revenue
Sales toexternalcustomers
Inter-segment
sales andtransfers
Total

5,923

30,854

12,701

50,6892,275

102,444

19,086,421

3,404,406

2,332,779

1,713,302

1,360,429

27,897,339

Segment profit

3,876,938

645,732

193,599765,888

104,854

5,587,013 (1,099,885)

4,487,128

Segment assets

11,459,899

2,458,479

1,594,190

1,813,140

766,414

18,092,124

20,179,169(102,444) 27,794,894
2,087,045

Other items
Depreciation
332,985
5,088
18,066
9,353
10,994376,488
49,305425,793
Impairment
89,074–24,986––
114,061–
114,061
loss
Increase inproperty, plantand equipment
488,836
3,167
2,882
32,37315,097542,356
60,930603,287
and intangible
assets
Notes: 1. Contents of adjustments are as follows.
(1) The (1,099,885) thousand yen adjustment to segment profit includes elimination for inter-segment
transactions of 136,237 thousand yen, and (1,236,123) thousand yen in company-wide costs that cannot beallocated to any specific reportable segments. Company-wide costs consist primarily of expenses related tothe administration division, which are not attributable to any reportable segments, including general affairs
and accounting at the Company.
(2) The 2,087,045 thousand yen adjustment to segment assets includes elimination for inter-segment transactionsof (477,985) thousand yen, and 2,565,031 thousand yen in company-wide assets that cannot be allocated toany specific reportable segments. Company-wide assets consist primarily of the Company’s excess funds(cash and deposits), long-term investments (investment securities), and assets which belong to theadministration division.
(3) The 49,305 thousand yen adjustment to depreciation is the sum of depreciation of assets which belong to theadministration division that cannot be allocated to reportable segments.
(4) The 60,930 thousand yen adjustment to an increase in property, plant and equipment and intangible assets isthe sum of assets which are not attributable to any reportable segments and belong to the administration
division that cannot be allocated to reportable segments.
2. Segment profit is adjusted with operating profit shown on the consolidated statement of income.
3. Countries and regions included in the Overseas Business are U.S., Mexico, U.K., China, Vietnam, and Thailand.
4. The “Human Resources Services Business” and “Information Publishing Business” segments reported an
impairment loss on non-current assets of 89,074 thousand yen and 24,986 thousand yen, respectively.

19

QUICK CO., LTD. (4318) Financial Results for FY3/24

FY3/24 (Apr. 1, 2023–Mar. 31, 2024)(Thousands of yen)Amount intheAdjustment consolidated(Note 1)
financialstatements(Note 2)

Reportable Segment
Human
Resources
Services
Business

Recruiting
Business

Information
HR Platform
Publishing
Business
Business

Overseas
Business(Note 3)

Total

20,631,273

3,242,138

2,491,027

1,321,055

1,801,687

29,487,181－

29,487,181

–

–

–

–

–

–

–

–

20,631,273

3,242,138

2,491,027

1,321,055

1,801,687

29,487,181－

29,487,181(71,606)–

Net sales
Revenue fromcontracts withcustomers
Other revenue
Sales toexternalcustomers
Inter-segment
sales andtransfers
Total

5,803

32,10017,810

6,514

9,378

71,606

20,637,076

3,274,238

2,508,837

1,327,570

1,811,065

29,558,788

Segment profit

4,435,237

559,093

343,554

680,966

170,543

6,189,394 (1,224,638)

4,964,756

Segment assets

11,458,640

2,375,623

1,761,057

1,886,623

929,247

18,411,192

22,042,503(71,606) 29,487,181
3,631,310

Other items
Depreciation
348,460
7,196
21,378
4,695
13,205394,937
87,903482,841
Impairment
–
–
–
–
–
–
–
–
loss
Increase inproperty, plantand equipment
540,533
7,003
9,131
–
28,071
584,739
137,460
722,200
and intangible
assets
Notes: 1. Contents of adjustments are as follows.
(1) The (1,224,638) thousand yen adjustment to segment profit includes elimination for inter-segment
transactions of 197,673 thousand yen, and (1,422,312) thousand yen in company-wide costs that cannot beallocated to any specific reportable segments. Company-wide costs consist primarily of expenses related tothe administration division, which are not attributable to any reportable segments, including general affairs
and accounting at the Company.
(2) The 3,631,310 thousand yen adjustment to segment assets includes elimination for inter-segment transactionsof (209,698) thousand yen, and 3,841,009 thousand yen in company-wide assets that cannot be allocated toany specific reportable segments. Company-wide assets consist primarily of the Company’s excess funds(cash and deposits), long-term investments (investment securities), and assets which belong to theadministration division.
(3) The 87,903 thousand yen adjustment to depreciation is the sum of depreciation of assets which belong to theadministration division that cannot be allocated to reportable segments.
(4) The 137,460 thousand yen adjustment to an increase in property, plant and equipment and intangible assets isthe sum of assets which are not attributable to any reportable segments and belong to the administration
division that cannot be allocated to reportable segments.
2. Segment profit is adjusted with operating profit shown on the consolidated statement of income.
3. Countries and regions included in the Overseas Business are U.S., Mexico, U.K., Netherlands, China, Vietnam,
and Thailand.

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