Mid-Term Business Plan (FY12/11-FY12/13)
From Kyushu to Asia

（２４２９）

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

Table of Contents
Corporate History・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 4
Our Financial Status・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 5
Our Post-Bubble Businesses ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 6

Mid-Term Business Plan (FY12/11-FY12/13)▌ Strategy by Business Segment: Human Resources・・・・・・・ 8～18
▌ Strategy by Business Segment: Real Estate ・・・・・・・・・・・・ 19～24▌ Group Mid-Term Business Plan・・・・・・・・・・・・・・・・・・・・・・・

25～31▌ Dividend Policy・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 32▌ Mid-Term Business Plan Data Points (Reference)・・・・・・・・・・・・ 33▌ Contact Information・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・

34

References▌ Strategy by Business Segment・・・・・・・・・・・・・・・・・・・・・・・・

36～47▌ Summary of Q3 FY12/11 Business Results・・・・・・・・・・・・・・

1～11

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2

～Trust～Empowering people through work
The job market in Japan is undergoing a series of transformations today
and new solutions are being pursued in response to the changes.
WORLD INTEC stands at the forefront of that effort and is proactively developing
new ways to work.
We aim to provide empowerment to workers by providing genuine substanceto employment, further enriching their quality of life.
That is our goal and pledge.

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

3Corporate History
WORLD INTEC owes its origins to the real estate business
1993: WORLD INTEC CO., LTD. launched as a human resources business (Listed on JASDAQ in February 2005)
2003: WORLD INTEC TAIWAN CO., LTD. launched as manufacturing temporary placement / contracting service provider
2005: Acquired e-support, Inc. as an ICT subsidiary, with Hikari Tsushin, Inc. owning a 49% share2008: Acquired GEOGRAPHIC INFORMATION OF KYUSHU, INC. as a subsidiary, a collaborative private sector-public sector venture to promote
the employment of the physically challenged (shareholders include Fukuoka prefectural government, 12%; Fukuoka municipal government,
12%; Kyushu Electric Power Co., Inc., 10%)
2009: WORLD INTEC SHANGHAI CO., LTD. established as a HR consultancy and recruitment agency business; ELECTRONICS&ECOLOGYCO., LTD. launched as a repair service provider
2010: Advan Co., Ltd. established as a schooling service provider; WORLD RESIDENTIAL CO., LTD. launched as a real estate developerand consultancy; Acquired Nichimo Real Estate Co., Ltd. as a subsidiary; Acquired Beck Co., Ltd. as a subsidiary specializing in theconstruction administration placement business(¥million)(¥million)

60,000SALES（LHS）

2,000

Workforce size

50,000Operating Income（RHS）

・Listed on JASDAQ
・Certified to comply with contract work codefor manufacturing sites
・Acquired e-support,Inc. as a subsidiary

40,00030,0001,500WORLD INTEC TAIWAN CO., LTD.established
1,000・Nationwide operations commences
・R&D Placement Business Division establised

20,000FE (field Engineer) Unit established（Technology Oriented Placement Business）

10,00012,81011,177

Founded
1,020
1,127

1,375

2,227

1,625

3,062

4,827

500

10,050

7,913

6,907

6,037

7,980

0

0

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

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

2008

2009

2010 E

4

Our Financial Status
We boast a sound financial foundation that enables us
to make optimal investment decisions whenever needed▌ Our financial standing remains solid even after the global financial bubble burst▌ We are not saddled by extensive borrowings to fund M&A forays merely

to expand business and continue with what is essentially debt-freemanagement《 Cash-flow balance at term’s end 》(¥ million)

Collapse of thefinancial bubble

5,000
4,000
3,000
2,000
1,000
0

Dec. 2005

Dec. 2006

Dec. 2007

Dec. 2008

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

Dec. 20095

Our Post-Bubble Businesses
Entry into fields in which we can maximize our experience and expertise We moved into the real estate business this fiscal year because the timing was ideal.

Other real estate companies have lost their competitive edge with the underperformance ofboth management and market《 State of the Real Estate Industry 》
Collapse offinancial bubble

Successive
bankruptcies of
emerging developers

Shakeoutin the numberof players

Ideal opportunity
to enter market《 Our post-bubble M&A and newly launched businesses 》
Company
GEOGRAPHIC INFORMATION OF KYUSHU,
INC (a subsidiary hiring physically challenged)
Procurement BusinessWORLD INTEC SHANGHAI CO., LTD
ELECTRONICS&ECOLOGY CO., LTD
AdvanCo., Ltd.
WORLD RESIDENTIAL CO., LTD
Nichimo Real Eatate Co., Ltd.
VEC Co., Ltd.

Business Line

Established

GIS* and systems development

2008

Procurement of production
equipment comlponents
Human resources Consultancy
Repair service business
PC schooling
Real estate developer
Real estate developer
Comstruction administration
placement service

2009
2009
2009
2010
2010
2010
2010

Note*: GIS, Geographic Information System(s), is a system combining the usual functions associated with digital maps with a broad arrayvalue-added data, and can be modified, saved and managed on demand.
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

6Mid-Term Business Plan
(FY12/11-FY12/13)

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

7Strategy by Business Segment:
Human Resources

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved8Changes in Operating Environment of Human Resources Business: Part 1《 Developments in HR Industry 》
2007: Series of compliance violations revealed→No. 1 firm in HR industry goes bankrupt

2008: Collapse of Lehman Brothers→Production levels plummet and client base contract

2009: Change in government and the Worker Dispatch Law
amendment mulled→Uncertainty over possible legal revision spurs client-makers

to accelerate direct hiring temp staff workforce drasticallyreduced2010: Yen appreciates→Production adjustment / production sites transplanted

overseas; HR industry shakeout accelerates

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

9Changes in Operating Environment of Human Resources Business: Part 2
Contracting market⇒ Drastic decline in temporary workers at manufacturing sites《 Recent temp worker trend at manufacturing sites 》
250

Manufacturing services 550,000 workers=> 190,000 workers
Factory oriented market contracts by 66%

200

150

Liberalized services: 470,000 workers=> 270,000 workers
Mainly general temp staff work

100

50

26 specialized businesses: 1 million workers=> 620,000 workers
R&D and technology market contracts by 38%

02008
Specialized Sector
Manuf acturing Sector

2009
Liberalized Sector

Total number of temp workers 2008: 4 million => 2009: 2.3 million (a decline of 1.7 million)
Number of manufacturing site temp workers
2008: 2.02 million =>2009: 1.08 million (a decline of 940,000)
Source: Ministry of Health, Labor and Welfare report on temp worker business

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

10Changes in Operating Environment of Human Resources Business: Part 3
Conditions for successExpertise in specific fields and outsourced contracting services lead tocompetitive superiority
1) Strength in Compliance2) Strength in outsourced- Ability to deal with clients
contracting: Requires extensive- Ability to deal with contracted workers
training of competent and- Ability to deal with regulatory agencies
productive workers
Capacity
to provide programs forthrough unified management
managers and build a framework for- Ability to develop new outsourced
carrying out in-house production
contracting expertise
activities on a timely basis

3) Financial strength to invest in
human resources development,
outsourced contracting
expertise
Capacity to finance advanced worker
training programs and implement
outsourced contracting services
at manufacturing sites on demand

Successful track record creates confidence
Even in a shrinking market, winners can gain greater share
Shakeout in outsourcing provider industry to acceleratefrom 2011 and continue to 2013
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

11Our Company’s Strengths
Conditions for SuccessCompliance capabilities- Relationship of trust and specialized organization to facilitate unified management to comply with regulatory agencies- Relationship of trust with and conduit to Fukuoka Labor Bureau earned certificate of compliance with manufacturingoutsourced contract work code
- Capacity to meet needs of clients and regulatory codes of respective prefectures to facilitate adoption of outsourced
contracting program- Capacity to periodically conform and monitor outsourced contracting worksites to ensure complianceOutsourced contracting capabilities:
Extensive training of workers capable of carrying out production activities- We continue to upgrade an organization to carry out in-house production activities, creating programs to field-train
workers who are capable of managing such sites, enabling us to develop workers from the bottom up who can respond toand resolve issues over the entire manufacturing process, from planning to actual production.

Financial capacity to invest in human capital andoutsourced contracting services required- A sound financial base is needed to actively invest in securing and training core workers to initiate production activities
on a timely basis, as well as in a variety of capital expenditures

Our Company meets all the mentioned criteria
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12Our Company’s Strengths
Reinforcing recruitment and training of professionals capable ofmanaging manufacturing worksites and enhancing productivity▌

With the aim of becoming the best in manufacturing expertise, we recruited an executive—who has worked for three
top chipmakers (Company T, U and E) and accumulated 40 years of experience as an expert in the launch, productivity
upgrade and renewal of chip fabrication sites—to serve as a member of our corporate management. He has since
personally developed and directed initiatives to upgrade WORLD INTEC management, as well as our outsourced
contracting sites, which have since resulted in improved site performance and established a system that achieves
maximum output with the minimum number of workers.

1. Training worksite managers: We are improving training programs that will enable worksite managers to supervise not
only sites centered on worker administration, but manage production worksites as well
2. Aggressive recruitment of experienced workers: To meet the need of clients for either the timely or vertical startup of
new production activity, we are actively recruiting experienced workers
3. Enhancing productivity at outsourced contracting worksites: Reduce incidents of injury (from major disaster-related
injuries to minor and commute-related injuries), upgrade productivity (operating efficiency and on a productivity per worker
basis), and improve product quality (reducing errors in the production process)Establish a system in which we can manage the entire range of production activity《 Flow of production activity 》
Input

Production

Maintenance

Shipment

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Improvement

13

Our Company’s Strengths
R&D

Engineering

Production- Technology Oriented Placement Business(specialized placement and general placement services)- Manufacturing Temporary Placement Business(manufacturing outsourced contracting)- Manufacturing Temporary Placement Business(manufacturing outsourced contracting and manufacturing
temporary placement services)

After-Sales

Logistics- Manufacturing Temporary Placement Business(manufacturing outsourced contracting and general placement
services )Sales- Coordinator Bank Business (general placement services)

RepairServices

Web designer
Architecture・Machinery CAD

Production- Technology Oriented Placement Business(specialized placement and general placement
services)

Training Fields

Manufacturing Areas

Design- R&D Business (specialized placement services)

Advan
Co., Ltd.
(subsidiary)- ELECTRONICS&ECOLOGY CO., LTD. (subsidiary)

Our service coverage extends from every facet of the manufacturing process toafter-sales services and training programs
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14

Overseas Track Record in Manufacturing-Related Businesses
Human Resources Business WORLD INTEC TAIWAN CO., LTD.: Expanding share in manufacturing

placement market (Workforce of approx. 900 as of fiscal 2010)
 WORLD INTEC SHANGHAI CO., LTD.: (Upgrading HR consultancy service)

Procurement Business《 FY12/10 sales in equipment components 》▌ Indonesia▌ Singapore▌ China

Focus on expanding procurement businessfor equipment components for overseas
production sites of Japanese companies
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15

Human Resources BusinessWill gain share as the shrinking market recovers
Existing business domains

Index: HighAreas targeted for concentration

Software development

EMS
Temp staff agency

Engineering staff
placement

Outplacement service

Repair services

Research staff
placement
Construction
administrator
placement

Manufacturing outsourced
contracting (onsite)

Recruitment consultancy

Stock businesses

Flow business
Manufacturing temporary placement

Marketing staff
placement

Index: Low

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Administrative
operations
Services16

Human Resources Business
Aiming to become No. 1 manufacturing temporary placement provider:R&D  Design & Development  Production Engineering  Production  Logistics After-Sales Service▌ Manufacturing temporary placement business: Developing production activity framework to emerge

as leading brand in outsourced contracting services▌ Technology-oriented placement business: Expanding capability to meet a wide range of client needs

through diverse hiring of staff▌ R&D placement business: Expanding business domain and workforce▌ Repair service business: Training technicians to maintain reputation of maker brands▌ Overseas business: Making aggressive forays into Asian market through Kyushu base

《 FY12/11-FY12/13 Plan 》(¥ million)
40,000《 Versus FY12/10》

8.0%

35,0007.0%

30,00025,000

6.0%

20,0005.0%

15,00010,000

4.0%

5,000
0

Net Sales

Operating
IncomeRecruited
Workforce

3.0%
2010 E

20112012

Domestic¥34,244 million (+59.3 %)Overseas¥1,200 million (+31.6％)

Domestic¥2,142 million (+136.7%)

Overseas¥40 million (+21.2%)

Domestic
Overseas

9,480 (+54.2%)
1,080 (+56.5%)

2013

Manufacturing Temp. Placement/Contracting
Technology Oriented Placement
R&D Placement
Various Services
Operating Margin

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17

Worker Recruitment Plan (HR Business: FY12/11 to FY12/13)
Workforce size
at term's end

FY12/10E

ManufacturingTemporary
Placement/Contracting
Technology Oriented
Placement
R&D Placement
Various Services

Total

FY12/11 % Change FY12/12

5,090

5,700

12.0%

7,250

27.2%

7,930

9.4%

1,193

1,230

3.1%

1,430

16.3%

1,620

13.3%

364
189
6,836

405
251
7,586

11.3%

490
355
9,525

21.0%

590
420
10,560

20.4%

32.8%
11.0%

41.4%
25.6%

18.3%
10.9%

《Versus FY12/10》《FY12/11-FY12/13 Plan》(¥ million)

FY12/13 % Change% Change

12,00010,000
8,000

6,000
4,000
2,000

0
FY12/10E

FY12/11

FY12/12FY12/13

Manufacturing Temp.
Placement/Contracting

7,930 workers (+55.8%)

Technology Oriented
Placement

1,620 workers (+35.8%)

R&D Placement

590 workers (+62.1%)

Various Services

420 workers (+122.2%)

Manufacturing Temporary Placement/Contracting
Technology Oriented Placement
R&D Placement
Various Services
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18Strategy by Business Segment:
Real Estate

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19Our Real Estate BusinessBusiness Concept
Our theme: “Building communities in which culture and people gather”
We aim to establish market position as a pioneering community developer through the active adoption of
innovative products (such as environmentally friendly construction materials and other functional eco-ware)developed by the clients of WORLD INTEC Group, or through collaborative development of functional products.
In addition, we strive to reinforce relationships with clients by purchasing their unused land or by providing
consultancy services for more effective use of their land.

Business Domain
Developer Work
We focus on developing family-oriented condominiums in urban areas.

（ Example of our property designs ）Copyright © WORLD INTEC CO.,LTD. All Rights Reserved20

Our Real Estate Business《 Our Target Market 》
Since 2006, the availability of condominiums in Japan’s major urban centers has
plummeted, from approx. 75,000 units per year to 35,000 units per year, hit hard by
the global economic recession. While the population has been declining on an
overall basis, urban populations have been growing. Given the trend toward nuclear
families, however, the number of units available is expected to recover somewhat,
to 60,000 per year, although that remains less than peak years.

Unit Availability
No. of Units
80,000

Expected to recovery to
optimal level of 60,000 units/yr

70,00060,00050,00040,00030,00020,00010,000Bottoming out at 35,000units/yr
from peak of 75,000 units/yr

0

2006

2007

2008

2009

2010

Forecast af ter
2011（ Source: In-house projections ）Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

21Condominium Business: Gaining Traction《 Target Areas 》
Suburban Business・Targeting families

Northern Tokyo/
Saitama Area A《Target segments》

Eastern Tokyo:
Area D・Large families(includes senior citizens)・CouplesInner-City Business

Western Tokyo:
Area B

・Targeting families
・Smaller units《Target segments》

Southern Tokyo/ Kanagawa
Area C

３０ｋｍライン・Single occupant(includes active elderly)
・Couples・Higher-income couples

Designated target area within 30 km radius
Designated target for inner-city and suburban business
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22

Our Company’s Strengths《Industry Standards》
Raise quality of service by procuring highquality construction materials and products
and employ the highest industry standards
in the design, construction, sales andmanagement of units《 Web Sales Strategy 》《 Marketing System 》

Create web media to generate roughly 50%
of user visits

Identify user benchmarks and develop
properties that genuinely meet theirneeds in terms of location and pricing

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved23

Our Real Estate Business◆Growth Strategy for World Residential Nichimo Real Estate Co., Ltd.

Condominium Business: Promote medium-sized condos for families in urban centers
Competitive Difference: Based on our “building communities in which culture andpeople gather” theme, we aim to establish brand value by offering best-in-industry
specifications and after-sales service. We will also differentiate ourselves from ourcompetitors by setting up a management firm in-house to enhance lines of communication
with condo residents and adopt property management solutions that maintain property value.

《 FY12/13 Plan 》(¥ million)
15,000

10.0%

Net Sales-40.0%

10,000-90.0%

5,000

Operating Income¥710million-140.0%

Units Available

300 condos/yr-190.0%Recovery Trend

60,000 condos/yr(recovering)-240.0%0¥12,070 million-290.0%FY12/10E

FY12/11Net Sales

FY12/12FY12/13

Operating Margin

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved24Group Mid-Term Business Plan

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved25Consolidated Net Sales Plan (From FY2011 to FY2013)
Net Sales

FY12/10E

ManufacturingTemporary
Placement/Contracting
Technology Oriented
Placement

FY12/11

FY12/12FY12/13

13,885

16,93021.9%

20,80022.9%

22,700

9.1%

5,901

6,000

1.7%

7,000

16.7%

8,200

17.1%

R&D Placement

2,092

2,350

12.3%

2,800

19.1%

3,500

25.0%

Various Services

1,766

1,650

-6.6%

1,730

4.8%

1,970

13.9%

8,004
52
31,7007,400
2,520
36,850

-7.5%

7,500
8,850
48,6801.4%

7,800
12,07056,240

4.0%

IT & Telecom. Services
Real Estate

Total(¥ million)《 Existing Businesses 》

50,0004746.2%
16.2%(¥ million)

251.2%
32.1%

36.4%
15.5%

《 Real Estate Business 》

15,00045,00040,00012,00035,00030,0009,000

25,00020,0006,000

15,00010,000

3,000

5,000
0
FY12/10E

FY12/11

FY12/12Manufacturing Temporary Placement/Contracting
Technology Oriented Placement
R&D Placement
Various Services
IT & Telecom. Services

FY12/130
FY12/10E

FY12/11

FY12/12FY12/13

Real Estate

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26

Net Sales by Segment
Sales Ratio Change through Real Estate Business Growth《 FY12/10 Forecast 》《 FY12/13 Plan 》

Real
Estate0%IT &Telecom
25%
VariousServices
6%
R&D
7%

Real Estate
18%

Manufactur
-ing
44%

IT & Telecom
13%

VariousServices
4%R&D
6%Technology
18%

Human Resources Business
Appox.75％

Manufactur
-ing
41%

Technology
18%

Human Resources BusinessApprox.65％

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved27

Consolidated Operating Income Plan (From FY12/11 to FY12/13)
Operating Income
Manufacturing Temporary
Placement/Contracting
Technology Oriented
Placement
R&D Placement

FY12/10E

FY12/11

FY12/12FY12/13

627

610

-2.7%

850

39.3%

1,255

47.6%

328

364

11.0%

455

25.0%

570

25.3%

178 39.1%
81 -678.6%
230 38.6%-494 265.9%

218
175
260
680

22.5%

-237.7%

280
230
280
710

28.4%

Real Estate

128
-14
166
-135

Elimination
or Entire Company

819

850

870

2.4%

890

2.3%

281
0.9%

119 -57.7%
0.3%

Various Services
IT&Telecom. Services

Total
Operating Margin《 Existing Businesses 》(¥ million)

3.8%

13.0%

1,768 1385.7%
3.6%(¥ million)

31.4%
7.7%
4.4%

2,435 37.7%
4.3%《 Real Estate Business 》

800

3,000
2,500

600

2,000

400

1,500

200

1,000

0

500

-200

0
-500

116.0%

FY12/10E

FY12/11

FY12/12FY12/13

FY12/10E

FY12/11

FY12/12FY12/13-400

Manufacturing Temporary Placement/Contracting
Technology Oriented Placement-600

R&D Placement

Real Estate

Various Services
IT & Telecom. Services

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28

Operating Income by Segment
Dramatic Profit Change through Real Estate Business Growth《 FY12/10 Forecast》《 FY12/13 Plan》

IT &Telecom
14%
R&D
10%

Real Estate
21%

Manufactur
-ing
50%

Technology
26%

IT & Telecom
8%

VariousServices
7%

Human Resources BusinessApprox. 86％

R&D
9%

Manufacturing
38%

Technology
17%

Human Resources BusinessApprox.71％

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

29

The FY12/11-FY12/13 Plan
Our aim is to expand our presence in Asian markets with Kyushu as our operational center
Strive to maintain a balanced service lineup centered on our stock businesses

Human
Resources(stock business)
Existing
Businesses

New
Businesses

・Improving profitability (securing
a high level of profits)・Brand building (facilitating
conversion to outsourced
contracting services)

Becoming No. 1
in manufacturingoutsourced
contracting services(Top brand inoutsourced
contracting services)

・Expanding overseas operations(Taiwan and China)

Information technologies andtelecommunications service(stock business)

・Increase profit
・Broaden service lineup

Others (stock andflow businesses)

・Creating new services from・Expanding overseas

existing businesses

operations

Real Estate(flow business)

・Building brand・Establish property management
unit

・Increase unit

Others (stock andflow businesses)

・Creating new services

・Expanding overseas

No. 1 in the Kyushu
areaavailability

Prepare to enter
foreign real estatemarkets

operations

・To expand our operations overseas means to expand markets (our Asia strategy with Kyushu as
our operational center・New services mean to enhance profitability

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved30Long-Term Vision
Expanding our presence in Asian markets with Kyushu as our operational center

Maintaining a balanced service lineup centered on our stock businesses
Maximizing our Kyushu-based strengths to the fullest
Reinforce our push into Asia based primarily on our stock businesses
Business Balance in the FutureMarketJapan

Independent
No.1
Real
EstateSales

Overseas (Asia)

Manufacturing
Outsourcing
No.1（Outsourced
contracting No.1）
HR
Businesses

Flow Business

Stock BusinessIT &Telecom,RealEstate,New
Businesses

Kyushu Region No.1
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

31

Dividend Policy

Stable payout of dividends
With regards to profit distribution, our basic policy on dividends
is founded on the principle of stable and sustained payment,a policy conducted concurrently with internal corporate needs
that includes future business developments and strengthening
our management structure.

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

32Mid-Term Business Plan: Earnings Forecast Targets
Net Sales
ManufacturingTemporary
Placement/Contracting
Technology Oriented
Placement

FY12/10E

FY12/11

FY12/12FY12/13

13,885

16,93021.9%

20,80022.9%

22,700

9.1%

5,901

6,000

1.7%

7,000

16.7%

8,200

17.1%

R&D Placement

2,092

2,350

12.3%

2,800

19.1%

3,500

25.0%

Various Services

1,766

1,650

-6.6%

1,730

4.8%

1,970

13.9%

8,004
52
31,7007,400
2,520
36,850

-7.5%

7,500
8,850
48,6801.4%

7,800
12,07056,240

4.0%

IT & Telecom. Services
Real Estate

Total
Operating Income
ManufacturingTemporary
Placement/Contracting
Technology Oriented
Placement

FY12/10E

4746.2%16.2%

FY12/11251.2%
32.1%

FY12/12

36.4%
15.5%

FY12/13

627

610

-2.7%

850

39.3%

1,255

47.6%

328

364

11.0%

455

25.0%

570

25.3%

R&D Placement

128

178

39.1%

218

22.5%

280

28.4%

Various Services

-14

81

ー

175

116.0%

230

31.4%

230
-494

38.6%

260
680

13.0%

280
710

7.7%

Real Estate

166
-135

Elimination

819

850

3.8%

870

2.4%

890

2.3%

IT & Telecom. Services

Total
Operating Margin

280
0.9%

ー

119 -57.5%
0.3%

ー

1,768 1385.7%
3.6%

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

4.4%

2,435 37.7%
4.3%

33

Contact Information
WORLD INTEC CO., Ltd.
Hiroshi Kudo
Corporate Spokesperson

Corporate Management OfficeTEL

03-3516-1122

E-MAILirinfo＠witc.co.jp

URL

http://www.witc.co.jp/

This material contains forward-looking statements on the Company and its
future business performance. The forecasts are developed from a broad baseof information collected and collated by the Company as of the day
the business results are announced. Actual results, however, may differ
materially from those projected. Neither the Company nor provider of theinformation contained herein may be held liable or responsible for any loss
or damages resulting from investment decisions based on the content of
this presentation.
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved34

Reference(Business Strategy by Business Segment)

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

35Corporate Profile
CompanyWORLD INTEC CO., LTD.
4F No.2 Quest Building, 1-3-9 Bashaku, Kokurakita Ward,
Head OfficeKita-Kyushu City, Fukuoka Prefecture 802-0077 Japan
Established February 12, 1993
CEO
Eikichi Iida
Outsourcing business primarily for the manufacturing sector
Main(R&D, design and development, production engineering, production,
Businesses
logistics, marketing and sales, after-sales services)
Capitalization ¥6.97 billion (as of September 30, 2010)
Workforce
5,884 (nonconsolidated; as of September 30, 2010)
Branches
67 nationwide
Listed Date February 9, 2005 (JASDAQ Stock Exchange / Stock Code 2429)《Corporate Symbol》
WORLD INTEC’s corporate symbol represents the
cutting edge in the effort to create new meaning towork and the joys associated with one’s vocation.
The blue sphere stands for our engineeringexpertise and the trust we have accumulated,while the yellow figure symbolizes further growthand development, as well as the corporate ideal
we aim to realize.

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved36

Our Manufacturing Temporary Placement Business
Placing temp staff workers at manufacturing and logistical sites,
as well as responding to demand for outsourced contracting services
Our proprietary expertise in outsourced contracting services differentiates us from our competitors

Production Domain

Motor
VehiclesElectronic
Devices

VehicleChassisElectronic
Devices

Automotive
Parts

ConsumerElectronics

Precision
Instruments

Pharmaceuticaland Chemicals

Other Industries

Semiconductors

Cosmetics

Food Products

Pharmaceutical
Products

Housing

Chemical
Products

Logistics

Production
Equipments

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved37

Our Manufacturing Temporary Placement/Contracting BusinessOur goal is achieve a dominant recovery in a contracting domestic market, while further expanding our presence overseas→ Compared to 2010, net sales rose by 63.5%, operating income increased by 100.2%,
and workforce expanded by 55.8% (combined domestic and overseas results)◆ Domestic Growth Strategy (WORLD INTEC CO., LTD. Manufacturing Temp. Placement/Contracting Business)
Setting up production sites: Given our belief that production activity is synonymous with outsourced contracting, our goal is toestablish an organization that develops human resources on a bottom-up basis to manage production activity in a timely manner.
Improved profitability through outsourced contracting: We develop outsourced contracting programs that suit the respective
needs of every client, programs that fully comply with regulations—which is a major WORLD INTEC strength .

◆ Overseas Growth Strategy (WORLD INTEC TAIWAN CO., LTD.)
Strengthening ties with Taiwanese firms : We aim to expand ties with Taiwanese companies based on our track record built up
with Japanese transplants.
Entry into engineering departments of clients : We will also aggressively move into the business of placing engineering staff.
Our moves in Asia: Starting with our operations in Taiwan and China, we look to broaden our Asian presence even further .

《 FY12/13 Plan 》《 Versus FY12/10 》(¥ million)
25,000

5.0%

Sales

4.5%

20,0004.0%
15,000Operation Income

3.5%

Domestic¥21,500 million （+65.7%）

Overseas¥1,200 million （+31.6%）

Domestic¥1,215 million （+104.5%）

Overseas¥40 million （+21.2%）

Domestic

6,850 （+55.7%）

Overseas

1,080 （+56.5%）

Domestic¥600 billion （shrinking）

10,0003.0%
5,000

Number of Workers

2.5%

0

2.0%
FY12/10E

FY12/11Net Sales

FY12/12
Operating Margin

FY12/13

Expected Market
Size

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved38

Our Technology Oriented Placement BusinessWe place engineering staff in a broad range of fields, from design and development, to systems engineering,
programming and technical support for semiconductor fabrication systems .
We also collaborate with our subsidiaries in training and education systems that allow our contracted staff
to pursue and enhance careers in a variety of fields .

Design anddevelopment engineers
MachineryDie design

Systems
engineering andprogramming
professionals

Technical
supportengineers

IT

Semiconductors

Electrical &Electronics

Digital /analog circuitdesignBusiness softwaredevelopment

Equipment
maintenance

Structural/ drive design
Logic circuit design

Embedded softwaredevelopment

Analysis / evaluation
testing

Operations /maintenanceAnalysis/ diagnosis
Evaluation/ testing

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

Equipment transfer

39

Our Technology Oriented Placement BusinessOur basic strategy is to fortify marketing/sales and worker recruitment functions, while improving
the efficacy of our plan-do cycle.
→Compared to 2010, net sales increased by 39.0%, while operating income rose by 73.8% andworkforce expanded by 35.8%◆ Growth Strategy （WORLD INTEC Technology Oriented Placement Business）
Restructured sales strategy: Enhance marketing productivity by improving management volume andproject quality
Career plan development : We expect to improve recruitment efficiency by systematizing the hiring
process of permanent employees and strategically matching worker to client.
Expand both recruitment domain and client base: We aim to broaden our hiring domain by upgrading ourrecruitment effort for both permanent and contract workers, as well by improving our capacity to meet theneeds of cost and skills .

《 FY12/13 Plan 》(¥ million)《 Versus FY12/10 》

9,000

8.0%

8,000

Net Sales

7.0%

7,000

6,000

6.0%

5,000

Operation Income¥8,200 million （+39.0%）¥570 million （+73.8%）

5.0%

4,000

Number of Workers

3,000

4.0%

2,000

1,620 （+35.8%）

3.0%

1,000
0

2.0%

FY12/10E

FY12/11Net Sales

FY12/12
Operating Margin

Expected Market Size

FY12/13

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved¥350 billion （expanding）

40

Our R&D Placement BusinessWe place highly skilled researchers primarily in the pharmaceutical, chemicals and biotechnology fields(specially designated placement).
We differentiate ourselves from competitors through our market position as the No. 2 player, our
specialization and our emphasis on the needs and training of researchers in order to improve morale andmotivation .

Research andDevelopment
Organic Synthesis

ClinicalDevelopment
CRA

Medical writingDM

GCP/QCClinical
pharmacology

Statisticalanalysis

Materials development
Chemical product development

Analysis technologies
Pharmaceutical development
Food product development
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved41

Our R&D Placement BusinessWe aim to achieve a profit structure that delivers long-term earnings by improving short-term profitability→Compared to 2010, net sales rose by 67.3%, operating income increased by 118.8% and theworkforce expanded by 62.1%◆ Growth Strategy of WORLD INTEC R&D Placement Business
Temp staff domain strategy: Our goal is to expand market share by applying our strength in specialized placement services in the fieldof temp staff services .
Employment diversification strategy: We plan to broaden both the domain of prospective employees and the base of prospective
employers.
Increase hiring of newly graduated workers: We aim to double the number of openings for newly graduated master and doctoral degree
holders.
◆ Marketing/Sales Strategy
Developing new clients: We expect to expand our marketing effort beyond manufacturers to encompass public research institutes,
universities and biotech startups.
◆ Engagement Strategy
Management promotion program for contracted researchers: We look to boost overall worker morale and motivation by setting up
an organization dedicated to the needs of our researchers and providing them with opportunities to become promoted as managers.

《 FY12/13 Plan 》(¥ million)《 Versus FY12/10 》

4,000

9.0%

3,500

8.0%

3,000

7.0%

2,500

Net Sales
Operation Income

6.0%¥3,500 million （+67.3%）¥280 million （+118.8%）

2,000

5.0%

1,500

Number of workers

4.0%

1,000
500

3.0%

0

2.0%

FY12/10E

FY12/11

FY12/12

Expected Market
Size

590 （+62.1%）¥30 billion （expanding）

FY12/13Net Sales
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved42Our IT and Telecommunications Service BusinessWe have a Kyushu-based network of retail outlets that sells cellular phones
to general consumers, as well as markets IT equipment to enterprises andengages in call-center sales of land line subscriptions.

TM

Shop

Corporate mobile
devices

Optical fiber lines

Private user
mobile devices

Telephone Lines

ISP

Corporate mobile
devicesEnterprises

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved43

Our IT and Telecommunications Service Business
Underpinned by stable sales and profit growth, we aim to develop new sales agents and outlets,
as well as purchase follow-on products→Compared to 2010, operating income rose by 68.7%◆ Growth Strategy for e-support GroupDramatic expansion in products and services: We look to expand our sales network through initiatives to upgrade staff andoutlet performance and improve product lineup.
Enter new markets: In addition to our existing business areas, our goal is to enter new markets by offering additional products
and services through a new business channel, along with expanded sales agency services.
Ensure profitability: We will prioritize securing profitability through stable sales rather than rely on our previous investmentintensive earnings model to spur sales growth.
＊ Trained staff at outlets specializing in the sales of mobile phones currently offer needed advice on products and aftercare
services, providing an invaluable customer service. We believe such retail outlets—which comprise some 70% of all mobile
phone sales to date—will continue to play a vital role in the growth of the multifunction smart phone market, which hasdeveloped at a dramatic pace due to explosive demand.

《 FY12/13 Plan 》(¥ million)《 Versus FY12/10 》

10,000

4.0%

8,000

3.5%

6,000

3.0%

4,000

2.5%

2,000

2.0%

Net Sales¥7,800million （-2.5%）

Operating Income¥280 million （+68.7%）0

Expected Market
Size

35 million units/year （recovering）

1.5%
FY12/10E

FY12/11

FY12/12Net Sales

FY12/13

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

44

Our Various Services BusinessWe aim to branch out from sales personnel-based temp staff placement and enter
new markets and launch new businesses, with the Kyushu area serving as ourprimary center of operations.

General Temp Staff
DomainOffice staff

Amusement
Industry staff

Marketing staff

Customer
service staff

Sales staff

Nursing care
staff

New Business Domains

Repairtechnicians

Instructors

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

Procurement staff

45

Our Various Services BusinessOur goal is to expand our Group operations and maximizing business productivity
by integrating existing businesses with new businesses→ Compared to FY12/10, net sales rose by 11.6%, while the workforce increased by 122.2%◆ Growth Strategy for WORLD INTEC CO., LTD.’s Coordinator Bank Business Unit (marketing personnel placement)
Moving beyond registered temp staff placement: We will develop a sales agency model that shifts the emphasis from temp staff placement to one basedon consignment.
Total sales support system: Every aspect of our sales outlets, from its layout to the entire range of operations, will be developed to generate sales.
Expand business coverage: Our goal is to stabilize profit generation by weeding out unproductive outlets and move into new business areas.
◆ Growth Strategy for GEOGRAPHIC INFORMATION OF KYUSHU, INC. (software developer and employer of the physically challenged)
Enlarge its client base: We expect to expand the client base by leveraging our Group synergy with shareholders, which we believe is a major strength.
Promote hiring of the physically challenged: We will be actively involved in creating further employment opportunities for the physically challenged.
Provide training and placement opportunities: We also intend to provide a greater number of training programs to help physically challenged workers
to acquire skills and advance their careers.

《 FY12/13 Plan 》(¥ million)《 Versus FY12/10 》

2,000

6.0%
5.0%

1,500

Sales

¥1,970 million （+11.6%）

4.0%
3.0%

1,000

2.0%
1.0%

500

Operating Income
Number of
Employee¥230 million （negative in FY12/10）
420 （+122.2%）

0.0%
-1.0%

0

-2.0%
FY12/10E

FY12/11

FY12/12Net Sales

FY12/13

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

46

Our Various Services Business◆ Growth Strategy for ELECTRONICS&ECOLOGY CO., LTD. (repair service that
extends to premium brand products)
Stabilize the sales system: We are aggressively looking to merge with or acquire or enter into
an alliance with a repair service provider that boasts an established track record.
Increased investment in human resources: We plan to broaden our service lineup by actively
pushing forward the training of skilled repair technicians to improve their overall skill sets.
Enhance maker confidence: By training repair technicians with the skill sets to protect andpreserve the brand values of makers, we aim to strengthen our ties with them.
Enter the Asian market: We expect to enter the Asian market, where the repair service
culture remains in its infancy.

◆ Growth Strategy for Advan Co., Ltd. (schooling service)
Actively invest in new schools and their support systems: Our goal is to launch 30 schools
and expand our presence in the schooling market.
Reinforce the sales unit: We plan to expand our sales network and strengthen it by marketing
special software.
Ramp up content development: We expect to boost online sales by developing proprietary
content.

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved47

Reference(Business Results for Q3 FY12/10)
WORLD INTEC CO., LTD.

（２４２９）

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

Table of Contents
1.

・Summary of Q3 FY12/10 Business Results ・・・・3～8

2.

・FY12/10 Earnings Forecast ・・・・・・・・・・・・ ・・・・・9～11

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved2Summary of Q3 FY12/10 Business Results

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved3Summary of Q3 FY12/10 Consolidated Business Results (Year-on-Year)Net Sales・Human Resources business ・・Although in the recovery mode, will not recover to a significant
degree・IT & Telecommunications Service business ・・ Stable recovery achieved due to boost in mobile
phone demand

Operating
Income・Recovery in existing businesses achieved by aggressively cutting unnecessary costs
・Actively investing in new businesses

Ordinary
IncomeNet Income(Consolidated)(￥Million)
Net Sales
Operating Income
Operating Margin
Ordinary Income
Ordinary Margin
Net Income
Net Margin・Decline in operating income

・Decline in operating income

Q3 FY12/09
Cumulative
Results

Q3 FY12/10
Cumulative
Results

YoY Change
AmountPercentage

21,68823,464

1,776

8.2%

125

239

114

91.2%

0.6%

1.0%

－

－

256

320

64

24.9%

1.2%

1.4%

－

－

△22

48

70

－

- 0.1%

0.2%－－

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

4Trends in Consolidated Net Sales and Operating Income

Net sales(¥ million)

Operating Margin
25.0%

14,00013,107
12,835
12,445
12,23011,725
11,413
10,984
10,5239,950

12,00020.0%

10,00015.0%

8,5268,673
7,700

8,000

7,926
7,887
7,652
7,533
7,1946,9597,406
10.0%

6,635
5,969
6,000

4,000

5.4%
7.4%
3.8%
2.9%
2.2%
2.3%
2.2%

5.0%

3.7%

3.0%

5.0%

2.8%

3.6%
2.0%

2.9%

2.1%

2,000

1.0%

1.7%
0.0%

-1%

-2.6%-2.0%

-0.1%

0

-5.0%
Q3

Q4

FY12/05

Q1

Q2

Q3

FY12/06

Q4

Q1

Q2

Q3

FY12/07

Q4

Q1

Q2

Q3

Q4

Q1

FY12/08

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

Q2

Q3

FY12/09

Q4

Q1

Q2

Q3

FY12/105

Business Results Summary by Segment (Year-on-Year)
Q3 FY12/09
Q3 FY12/10
Cumulative Results Cumulative Results(¥ million)
Manufacturing Temporary
Net Sales
Placement/Contracting

339

3.4%

440

479

39

8.9%

4.5%

4.7%

－

－

4,337

4,427

90

2.1%

264

243

△20

△7.8%

6.1%

5.5%

－

－

1,477

1,535

57

3.9%

103

87

△15

△15.0%

7.0%

5.7%

－

－

5,246

5,878

631

12.0%

90

133

43

47.6%

1.7%

2.3%

－

－

Net Sales

－

31

31

－

Operating Income

－

△71

△71

－

－

△1.0%

－

－

Net Sales

753

1,379

626

83.2%

Operating Income

△73

△14

58

79.7%

△9.8 %

△1.0%

－

－

Net Sales

21,68823,464

1,776

8.2%

Elimination

△699

△618

81

－

125

239

114

91.2%

0.6%

1.0%

－

－

Net Sales
Operating Income
Operating Margin
Net Sales
Operating Income
Operating Margin

Information Technology& Telecommunications
Services

Net Sales
Operating Income
Operating Margin

Real Estate

Operating Margin
Various Services

Operating Margin
Total

Percentage

10,212

Operating Margin

R&D Placement

Amount9,873

Operating Income

Technology Oriented
Placement

YoY Change

Operating Income
Operating Margin

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

6Summary of Consolidated Balance Sheets(Consolidated)(¥ million)
Total assets
Current assets

Q3 FY12/09

Q3 FY12/10

YoY Change
AmountCash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process

9,170
7,337
3,184
3,041
264
234

11,98910,154
2,856
3,295
282
76

2,818
2,817
△327
254
18
△158

Real estate for sale in process

－

3,206

3,206

Other
Property, plant and equipment
Intangible assets

612
1,833
699
170

437
1,834
664
104

△175
1
△35
△65

Investments and other assets

963

1,066

102

Notes and accounts payable-trade

4,597
4,041
528

7,182
5,600
483

2,585
1,558
△45

Short-term loans payable

855

2,161

1,306

Accrued expenses
Income taxes payable
Provision for bonuses
Other

1,618
71
164
803
555
319
212
21
2
4,573
697
860
2,546
△100
△23
593
9,170

1,840
155
209
750
1,582
1,271
265
24
20
4,806
697
860
2,696
△100
△32
684
11,989

222
84
44
△53
1,026
952
52
2
18
233
0
0
149
△0
△8
91
2,818

Noncurrent assets

Total liabilities
Current liabilities

Noncurrent liabilities
Long-term loans payable
Provision for retirement benefits
Provision for directors' retirement benefits
Other
Total net assets
Capital stock
Capital surplus
Retained earnings
Treasury stock
Valuation and translation adjustments
Minority interests
Total liabilities and net assets

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

Real estate sale inprocess

Real estate sale inprocess7

Summary of Consolidated Cash FlowsQ3 FY12/09
Cumulative Results

Q3 FY12/10
Cumulative Results

△757
182
95
71
1,099
47

△2,557
320
82
70
△237
192

Decrease (increase) in real estate for sale in process－△3,206

Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in accrued expenses
Increase (decrease) in accrued consumption taxes
Other
Interest and dividends income received
Interest expenses paid
Income taxes paid
Income taxes refund
Net cash provided by (used in) investing activities
Purchase of short-term investment securities
Proceeds from sales of short-term investment
securities
Purchase of property, plant and equipment
Purchase of investment securities
Proceeds from sales of investment securities
Net increase (decrease) of deposits and compensation)
Other
Net cash provided by (used in) financing activities

102△1,518
△362
27
5
△20
△486
－
424

11
38
7
220
3
△13
△250
202
△216

△91
1,557
370
192
△1
7
236
202
△640

△64
164
△36

－
－
△48

64
△164
△12

△2
311
71
△19
△233

△50
－
△37
△80
2,085

△47
△311
△109
△60
2,319

Net increase (decrease) in short-term loans payable

286

1,298

1,011 expanding the Real

Proceeds from long-term loans payable
Repayment of long-term loans payable
Other
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents, beginning of term
Cash and cash equivalents, end of term

400
△818
△101
1
△565
3,717
3,151

1,208
△345
△74
△6
△694
3,510
2,815

808
472
26
△8
△129
△206
△336

(Consolidated)(¥ million)
Net cash provided by (used in) operating activities
Income before income taxes
Depreciation and amortization
Amortization of goodwill
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories

YoY Change
Amount△1,800138△12△1△1,337
145

Increase for△3,206 expanding the Real

Estate segment

Increase for
Estate segment

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

8

FY12/10 Earnings Forecast

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

9Summary of FY12/10 Consolidated Earnings Forecast(Consolidated)(¥ million)

Net Sales

YoY Change
FY12/09
ActualFY12/10
Forecast

AmountPercentage

29,09431,700

2,606

9.0 %

Operating Income

389

280

△109

- 28.0 %Operating Margin

1.3%

0.9%

－

－

Ordinary Income

537

400

△137

- 25.5 %Ordinary Margin

1.8%

1.3%

－

－

Net Income

149

0

△149

－

Net Margin

0.5%

－

－

－

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

10

FY12/10 Earnings Forecast Summary by Business Segment
FY12/09
Actual(¥ million)
Manufacturing Temporary
Placement/Contracting

Net Sales

664

5.0%

775

627

△ 148

- 19.1%

5.9%

4.5%

ー

ー

5,707

5,901

194

3.4%

357

328

△ 29

- 8.1%

6.3%

5.6%

ー

ー

1,967

2,092

125

6.4%

137

128

△9

- 6.6%

7.0%

6.1%

ー

ー

7,200

8,004

804

11.2%

141

166

25

17.7%

2.0%

2.1%

ー

ー

Net Sales

－

52

52

ー

Operating Income

－

△135

△135

ー

－

△259.7%ーー

Net Sales

996

1,766

770

77.3%

Operating Income

△95

△14

81

ー

△9.5%

△0.8%

ー

ー

Net Sales

29,09431,700

2,606

9.0%

Elimination

△926

△820

106

―

389

280

△ 109

- 28.0%

1.3%

0.9%

ー

ー

Operating Income

Net Sales

Operating Income

Net Sales
Operating Income
Operating Margin

Information Technology &Telecommunications
Services
Real Estate

Net Sales
Operating Income
Operating Margin

Operating Margin
Various Services

Operating Margin

Total

Percentage

13,885

Operating Margin
R&D Placement

Amount13,221

Operating Margin
Technology Oriented
Placement

YoY Change

FY12/10
Forecast

Operating Income
Operating Margin

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