FY2020 Second Quarter Financial Results
第2四半期

August 17, 2020 (Mon)WORLD HOLDINGS CO., LTD.
First Section of Tokyo Stock Exchange (2429)
Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved0Contents

I. Summary of FY2020 Second Quarter Financial Results
Summary of Financial Results
Overview of Business Results by Segment
Details of Each Segment
Financial Condition B/SCash Flows

… P3
… P4
… P5
… P13
… P14

II. Outlook for the Term Ending Dec. 2020,
Impact of COVID-19 and Future Strategies
Regarding the Impact of COVID-19 (Entire Picture)
FY2020 Business Forecast
Impact of COVID-19 and Future Strategies
Continuance of Stable Management Strategy
Shareholder Returns

… P16
… P17
… P18
… P21
… P22

III. Appendix
Profile of World Holdings… P24

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

1

I. Summary of FY2020 Second Quarter Financial Results

Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved2Summary of Financial Results⚫ The stable management system based on a portfolio composed of multiple kinds of businesses exerted its
effects, complementing each other, and minimizing the impact of COVID-19. (⇒ For details of the impact of
COVID-19, please see page 17 and following pages.)⚫ Profits exceeded the estimates, thanks to the human resource development strategy and structural reform in
the Human Resources and Education Business and the delivery of a larger amount of real estate property thanestimated in the Real Estate Business, in which we conducted meticulous risk control.
(Unit: Million yen)

2019/2Q
actual2020/2Q
estimate

2020/2Q
actualAgainst estimate
ChangePct.
ChangeYoY
ChangePct.
Change-3.7% +4,016+6.0%

Net sales

66,82773,566

70,844-2,722

Operatingincome

2,529

2,122

2,773

+651 +30.7%+244

Ordinary
income

2,529

2,733

2,872

+139

+5.1%

+342 +13.6%

Net income attributableto owners of parent

1,685

1,517

2,497

+979 +64.5%+812 +48.2%

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

+9.6%

3

Overview of Business Results by Segment

2019/2Q
actualUnit: Million yen

Segment income

23,913
1,137(Prof it margin)(4.8%)Net sales
Segment income

8,220
774

(Prof it margin)(9.4%)Net sales
Segment income

3,504
263

(Prof it margin)(7.5%)Net sales

1,695
-33

Net sales

Factory Business

Human
ResourcesandEducation
Business

Technology
Business

R&D Business

Sales & Marketing
Business

Segment income(Prof it margin)
Segment income(Prof it margin)(5.7%)Net sales

Real EstateBusiness

Real EstateBusiness

Segment income

20,377
1,227

Information andTelecommunications
Business

Inform ation andTelecom m unications
Business(Prof it margin)(6.0%)Net sales
Segment income

6,999
48

(Prof it margin)(0.7%)Net sales
Segment income

2,117
196

Other

Others(Prof it margin)(9.3%)Net sales

Total

Operating income

66,827-1,086
2,529(Prof it margin)(3.8%)

Elimination or corporate

2020/2Q
actualAgainst estimate
Change25,380962

25,111
957

8,496
563

8,353
886

Pct. Change

YoY
ChangePct. Change

-269
-5

-1.1
-0.6

1,198
-180

5.0
-15.9

-142
323

-1.7
57.3

133
112

1.6
14.5

-87
84

-2.4
28.7

11
117

0.3
44.4

-229
57

-10.6
－

246
36

14.5
－

-729
460

-1.8
26.0

1,589
85

4.3
4.0

-559
518

-2.1
39.4

5,164
608

25.3
49.5

-366
159

-6.5
138.0

-1,746
226

-24.9
462.9

-1,066
-482

-48.6
－

-990
-566

-46.8
－

-2,722
-4
651

-3.7
－
30.7

4,016
-110
244

6.0
－
9.6

(3.8%)(10.6%)

3,603
296

3,515
381
(10.8%)

2,171
-54

1,941
3

39,651
1,768

38,922
2,228－

37,3332,142

Net sales

Total (reference)

2020/2Q
estimate(0.2%)(5.7%)

26,101
1,317

25,541
1,835

5,619
115

5,252
275

2,193
112

1,126
-369

(7.2%)(5.2%)－

73,566-1,191
2,122

70,844-1,1962,773(3.9%)

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

4

Human Resources and Education Business<Composition ratio of sales and segment income of overall
human resources segment>⚫ We concentrated on human resource development and continued measures from the mediumand long-term perspective in order to raise the brand strength (capability of gathering workers).
⚫ As a result of human resource development, the skills of workers improved and they shifted up agear, contributing to profit growth.
⚫ The impact of COVID-19 has been minimized.
◆Sales composition◆Segment income

Up 4.3%(Million yen)

45,00040,00035,00030,00039,65137,333

5.5%
9.1%

4.5%
9.4%

Down
1.8%

21.4%

22.0%

38,922

YoY(Based on
monetary
amount)5.0%
9.0%+14.5％
+0.3％

21.5%

+1.6％

Up 4.0%(Million yen)

2,500

Up
26.0%

2,142
2,000

12.3%

1,500

36.1%

2,228
0.2%
17.1%

1,768
16.8%

39.8%
31.9%

25,0001,000
20,00015,00010,000

64.5%

64.0%

64.1%

500

53.1%

54.4%

0

-1.6%

-3.1%

5,000
0

42.9%

+5.0％

-500
2019/2Q
actualFactory

2019/2Q

2020/2Q
estimate
Technology

R&D

actualSales & Marketing

2020/2Q

actualFactory

estimate

Technology

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

R&D

actualSales & Marketing5

Human Resources and Education Business<The number of staff members of overall human resources segment>⚫

The workers in the Factory Business increased, because we secured human resources through local recruitment and theconsortium model, while business performance in 5G-related and logistic fields was healthy.
In the Technology Business, the concentrated efforts for human resource development paid off and trainees wereassigned to respective sections as planned, so the number of workers increased.
In the Sales & Marketing Business, the number of staff was unchanged, but got back on a recovery track due to structuralreform.

⚫
⚫

◆Variation in the number of staff (3-month average)*(Persons)

20,000

YoY+2,23725,00022,124

21,646

20,70320,704

1,362
1,093
2,639

1,513
1,074
2,654

15,60915,463

16,266

2019/2Q

2019/3Q

2019/12

1,514
1,091
2,880

19,887

1,701
1,045
2,634

1,543
1,028
2,655

15,00010,000
16,63914,661

-29
+63

+225

+1,9785,000

0Factory

Technology

2020/1Q
R&D

2020/2Q
Sales & Marketing

The number of staff in the Factory Business includes external staff members accepted from other companies.

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6

Human Resources and Education Business

Factory Business⚫

Due to the pandemic, some clients in the fields of auto parts, etc. suspended operation, but the semiconductor-related
business, including the 5G-related one, for which the company increased transactions strategically, performed well.
In the logistic field, orders increased due to the consumption by people staying home, and the company trained humanresources for developing new bases.
We implement measures against the novel coronavirus, while prioritizing the maintenance of employment and the safetyof clients.

⚫
⚫

◆Sales composition(Million yen)

23,91325,38015,00010,00025,111

13.1%
4.3%(Persons)

Down 15.9%

18,000Down
0.6%

16,000

1,137

+3.1％

962

957

14,000＋61.5％
-7.3％

13.2%

+6.2％

800

10,0003.0%-26.3％

600

8,000

37.0%

36.8%

1,400

◆Variation in the number of staff (3-month average)

1,000

3.6%
5.0%

2.4%
5.6%

(Million yen)

1,200

Down
1.1% 17.6%

17.8%

20,000

YoY(Based on
monetary
amount)Up 5.0%30,00025,000◆Segment income+5.4％*Parentheses signify the
number of new employees.

15,609
[274]

4,546
4,618

12,000

1,013
1,411

6,000
400

16,639
[286]

9,580

11,079

4,000

5,000
+8.3％

20.6%

20.0%

0
2019/2Q
actualElectric & Electronics
Semiconductors
Others

200

2,000

0
2020/2Q
estimate
Logistics
Machinery0
2019/2Q
actualactual2020/2Q
estimate
actualAutomobiles
Environment & Energy*We have not disclosed the sales estimate by segment.

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2019/2Q

2020/2Q

Other companies/acceptance
Entrusted by overseas and government office
Number of staff*The number of staff is a three-month average. External staff
members accepted from other companies are included.
*Number of staff included only staff members who are engaged
in on-site operation work.

7

Human Resources and Education BusinessTechnology Business⚫ Due to the pandemic, the market is becoming bearish, but the semiconductor-related business is
expanding.
⚫ The realization of brushing up skills of human resources and shifting up a gear through human resource
development in which we have invested led to steady price up, increasing profits.
⚫ We concentrated on the recruitment of experienced workers, and implemented new training programsfor brushing up skills of human resources including existing employees and shifting up a gear.
◆Sales composition◆Segment income

Up 1.6%(Million yen)

9,000

8,220

8,496

8,000

Down
1.7%

8,353

YoY
(Based on
monetary
amount)

7,000
6,000
5,000
4,000

Up 14.5%(Million yen)

900
800

24.8%

◆Variation in the number of staff (3-month average)

774

886

2,500
700

7.0%

8.0%
4.7%
16.0%

9.1%

+36.8％

600

9.1%
4.7%

+19.1％
+4.2％

500

21.0%

+37.7％

3,000

563

2,000
1,000

Semiconductors
Machinery
Construction technology

estimate

2019/2Q
actualactual

1,515

1,608

732

803

2019/2Q

2020/2Q002020/2Q

470
392

500
100

0

2,880
[180]

1,000

-9.9％

31.3%

2,639
[175]

400

200
36.4%

*Parentheses signify the
number of new employees.

2,000
1,500

300

2019/2Q
actual

3,000

Up 57.3%

-7.4％

27.9%

(Persons)

2020/2Q
estimate
actualInformation and telecommunications service
Automobiles
Others*We have not disclosed the sales estimate by segment.

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

Construction, repair and other technology
Design development
Production technology*The number of staff is a three-month average.
*Number of staff included only staff members whoare engaged in on-site operation work.

8

Human Resources and Education Business

R&D Business⚫
⚫

We responded to the increase of orders for clinical trials, etc. related to COVID-19, although it was limited.
In the researcher dispatch section, special demand emerged in the fields of analysis, pharmaceutical products, etc. dueto the increase of distribution of general pharmaceutical products.
Since we have a human resource development system based on the joint research laboratories with affiliated colleges,
including the University of Tokyo, Kyoto University, Osaka University, and Tokyo Metropolitan University, the populationfor employment increased.

⚫

◆Sales composition◆Segment income
YoY(Based on
monetary
amount)Up 0.3%(Million yen)

4,000
3,500

3,504

3,603

12.7%

3,000

Up 44.4%(Million yen)

7.7%

7.3％

(Persons)

381

400

3,515

Down
2.4% 9.9%◆Variation in the number of staff (3-month average)

Up 28.7%
1,000-21.4％
+5.2％

41.7%

39.8％

＋5.2％

263

82

1,091
[84]
73

800
600

200

1,500

1,011

1,018

2019/2Q

2020/2Q

400

1,000
500

1,093
[96]

296

300

2,500
2,000

1,200

*Parentheses signify the number of new employees.

100
40.7%

40.2％

200

+1.5％

0

0

0
2019/2Q
actual2020/2Q
estimate

Pharmaceutical/biotechnology
ChemicalClinical

2019/2Q
actualactual2020/2Q
estimate

actual

R&D staff

Clinical(entrusted with DOT)

*We have not disclosed the sales estimate by segment.

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

DOT staff*The number of staff is a three-month average.
*Number of staff included only staff members whoare engaged in on-site operation work.

9Real Estate Business

Real Estate Business⚫ As we have taken some measures in response to market fluctuations since several years ago, thedelivery of commercial premises increased, exceeding the forecast.
⚫ Comprehensively considering the external environment, we will continue meticulous risk control. We kept
a cautious stance for procurement. In preparation for the reversal of the external environment, we
promoted the establishment of bases for financial businesses, including asset management.
◆Sales composition◆Segment income

Up 25.3%(Million yen)

YoY
(Based on
monetary
amount)30,00026,101

2,000

Down
2.1%

20,377

Up
39.4%

1,500

31.7%

1,227

20,000-15.4％

10,0001,835

25,541

25,00015,000Up 49.5%(Million yen)

1,317

2.8%

47.0％

1,000
-83.3％

21.4%

65.5%

5,000

500
+159.6％

31.6%

0

0
2019/2Q
actualDevelopment-related

2020/2Q
estimate
Detached houses

2019/2Q
actualactual2020/2Q
estimate

actualRenovation-related*We have not disclosed the sales and segment income estimate by business segment.

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

10Information and Telecommunications BusinessInformation and Telecommunications Business⚫ Through the measures and investment focused on the strengthening of the store business conducteduntil the previous term (such as improvement of organizations and stores, and enhancement of thecapability of attending to customers and knowledge through human resource development), revenue perstore increased.
⚫ The operation of stores was restricted due to COVID-19, but the impact is still limited.
(Note: The cumulative second quarter of this segment is from Oct. 2019 to Mar. 2020.)◆Sales composition(Million yen)

◆Segment income
Down 24.9%

YoY(Based on
monetary
amount)

8,000
7,000

6,999

Up 462.9%

300

5,619
Down
6.5%

5,000

5,252
9.8%

Up 138.0%

200-14.1％

150

115

4,000
3,000

275

250

8.6%

6,000

(Million yen)

100

91.4%
90.2%

-25.9％

2,000

50

48

0

1,000
0

-50
2019/2Q
actualMobile phone shop business2020/2Q
estimate

2019/2Q
actualCorporate solutions businessactualMobile phone shop business2020/2Q
estimate
Corporate solutions businessactualTotal*We have not disclosed the sales and segment income estimate by destination.

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

11OtherOthers⚫ As for the agricultural park business, we had to temporarily close parks in response to requests fromlocal governments in the busiest season from April to May, due to the pandemic, and we refrained fromconducting some business activities around that period. As a result, we suffered significant damage.
⚫ However, our parks are nature-rich outdoor facilities differing from ordinary theme parks, so theperformance is recovering early.
◆Sales composition(Million yen)

YoY
(Based on
monetary
amount)Down 46.8%

2,500(Million yen)200

◆Number of visiting customers(Ten thousand)

197

2,193

2,117
2,000

◆Segment income

60

Down 62.1%
54.4

112

12.7%

100

50

0

40

-100

30

-200

20

-300

10

1,500

1,126

1,000

Down
48.6% 15.7%

77.9%

65.7%

500

0

18.6%

9.4%

2019/2Q
actual-55.1％+5.7％

2020/2Q
estimate

ADVAN CO., LTD.

-369

-400
2019/2Q

actualFARM CO., LTD.

20.6

-34.8％

actual02020/2Q
estimate

2019/2Q

2020/2Q

actualOthers*We have not disclosed the breakdown of the sales and segment income estimate.

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

12Financial Condition B/S⚫ Under meticulous risk control, we reduced real estate owned, so our financial standing is healthy.
Total assets(Million yen)

100,000

87,352Current
assets

77,80380,00060,00076,92020,00010,431

11,156End of FY2019

End of FY2020 2Q

Fixed assets(Million yen)

100,000

Current assets

Total liabilities/net assets

87,35277,80380,00060,00052,790＋1,416 million yen-6,749 million yen-3,118 million yen

Fixed
11,156 (+724)
assetsInvestment securities＋1,135 million yen

Liabilities

51,128 (-12,279)

Accounts payable-real estateShort-term borrowings
Advances received
Long-term borrowings-489 million yen-2,506 million yen-8,326 million yen＋314 million yen

Net26,674 (+2,730)
assetsCapital
Capital surplus
Retained earnings＋453 million yen＋455 million yen＋1,644 million yen

40,15540,00010,617

10,97323,944

26,674End of FY2019

End of FY2020 2Q

20,0000
Net asset

Cash and deposits
Real estate for sale
Real estate for sale in process

66,64740,000066,647 (-10,273)

Fixed liabilities

Current liabilities

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

13Cash Flows(Million yen)
Operating CF

22,00020,000Quarterly net profit before taxes and other adjustments
3,051 million yenDecrease (increase) in trade receivables
875 million yenDecrease (increase) in real estate for sale
7,579 million yen
Increase (decrease) in advances received -8,327 million yen
Paid income taxes, etc.
-1,074 million yen
Refunded income taxes, etc.
736 million yen＋246-1,783＋2,79918,000154

16,00014,00010,000Term-startbalance of
cash andcash
equivalents

8,000

16,513

12,000Term-endbalance of
cash andcash
equivalents

17,929Investment CF

Purchase of shares of non-consolidated subsidiaries-1,230 million yen
Purchase of property, plant and equipment -535 million yen
Purchase of intangible assets-17 million yen
Proceeds from sales of shares of subsidiaries resulting inchange in scope of consolidation
2,209 million yen

6,000
Financial CF

4,000

Net increase (decrease) in short-term borrowings-1,224 million yen
Proceeds from long-term borrowings
2,962 million yen
Repayments of long-term borrowings-3,480 million yen
Dividends paid
-887 million yen+1,416 million yen

2,0000
End of
FY2019Operating
営業

Investment
投資

Financial
財務

Translation
換算差額等

differences,etc.

End of
FY2020 2Q

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14II. Outlook for the Term Ending Dec. 2020,
Impact of COVID-19 and Future Strategies

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

15Regarding the Impact of COVID-19 (Entire Picture)
Dispersion of risks by taking advantage of the diversity of our businesses
Situation until the cumulative second quarter

Factory Business

Human Resources
and Education
Business

Semiconductors/machinery

Summary of trends of business performance amid
the pandemic(The arrow represents y/y change of profit)
Logistics
Informationand telecommunications
serviceTechnology Business

Semiconductors

R&D Business

Dispatch ofresearchers

Clinical trials

ApparelCall centers

Sales & Marketing Business

Auto parts

Automobiles

Construction

Light duty

Real Estate Business
Development

Renovation

Information andTelecommunications Business

Mobile phone shop business

Other
Agricultural park

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

16

FY2020 Business Forecast

Thanks to the dispersion of risk with a portfolio composed of multiple businesses and meticulous risk control wehave conducted so far, the impact of COVID-19 was minimized, and profit exceeded the estimate. However, thefuture outlook is still unclear, so we have not revised the business forecast. If it becomes necessary to revise
the forecast, we will announce it swiftly.

Results for theterm ended Dec.
2019

Forecast for theterm ending
Dec. 2020

Unit: Million yen, %YoYChangePct. Change

Net sales

136,319

159,682

23,363

17.1

Operating income

4,730

7,851

3,121

66.0

Ordinary income

4,805

8,338

3,533

73.5

Net income attributable to

2,956

5,601

2,644

89.5

175.59332.6099.8

157.01

89.4

47.1

89.4

owners of parent

EPS (yen)
Dividend per share (yen)52.7

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

17Impact of COVID-19 and Future Strategies (1)Human Resources andEducation Business

There were some negative effects, but they were covered by the diversity of ourbusinesses, which is our strength.

Negative effects• Some companies suspended operation. (Auto parts-related field, etc.)• The mobility of human resources is restricted. (Inter-prefectural staffing restricted)• As it is now difficult to receive new orders, the cost for waiting staff augmented for some businesses.
• Production efficiency declined due to social distancing, and operating time dropped due to telecommuting.
• There remain uncertainties, including the possibility of revisions to makers’ production plans in the second half.

Current
situation

Positive effects• The logistic field performed well thanks to consumption by people staying home.
• Special demand in some fields related to pharmaceutical products and clinical trials• Some industries, including light duty, GMS (general merchandise stores), and call centers, performed well.
• Production of automobiles decreased, but the impact on our business was minor, providing us with a good
opportunity to expand our share.
• Recruitment became easier.

••Future•We will take measures against the novel coronavirus while prioritizing the maintenance of employment and the safety of clients.
As the survival of the fittest is expected to progress in the industry, we will conduct marketing activities based on enhanced
cooperation among organizations, while utilizing our strengths (comprehensive lineup of services) covering a broad range offields.
We aim to expand our market share, by actualizing comprehensive contracts that are not easily affected by environmental
changes.

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18Impact of COVID-19 and Future Strategies (2)Real Estate BusinessOur continuous meticulous risk control minimized negative effects, andthe market change is expected to provide us with good opportunities.

Negative effects

Current
situation• Procurement was conducted carefully. (Development and renovation fields)• Orders for commercial premises from hotel enterprises decreased.
• The growth of our renovation business slowed down temporarily, due to the shrinkage of the sales
network of leading brokers, etc.

Positive effects• There is no significant change in orders for commercial premises from leading developers.
• There is a possibility that corporations and individuals will dispose of their assets,
and the procurement environment is expected to improve.

Future• Due to the real estate bubble, the procurement environment has been severe, but themarket condition is estimated to change, providing our company, which has been
conducting suitable-scale business, with a good opportunity to go on an offensive.
• In addition, we establish bases for financial businesses for real estate, including asset
management, to prepare for further changes in the business environment.
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19Impact of COVID-19 and Future Strategies (3)Information andTelecommunications Business

Negative effects• Decrease of sales volume of terminals (Restriction on store operation, such as shortening of business hours, andincrease of online sales)

Current
situation

Positive effects• ARPU* is increasing. (Effects of consumption by people staying home)• Growth of needs for the Internet environment, including optical lines and Wi-Fi

Future*ARPU: Average revenue per user

• To establish a store operation system for responding to the rapid change in the business environmentand reform to the profit structure• Phase for recouping investment

Other (Agricultural park)

Negative effects• In the busiest season (Apr. to May), we had to temporarily close parks in response to requests from local governments, sufferingsignificant damage.

Current
situation

Positive effects• The number of visiting customers is gradually recovering, as the parks are outdoor facilities.
•
FutureWhile taking advantage of the go-to-travel campaign, the fact that people got tired of refraining from going out andincreased their awareness of health, etc., we will enhance our presence as the operator of outdoor parks, which
are suited for the age where people will live while coping with the novel coronavirus.
Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved

20

Continuance of Stable Management Strategy
The diversity of businesses proved effective amid the pandemic.
Human Resources and Education BusinessBusinesssegments

Real Estate BusinessInformation and Telecommunications Business

Robust management system basedon diverse business operation
Establishment of a business model focused on
the dispersion of risk

Decentralization
Diversificationof business

One-timerevenuebusiness

Recurringrevenue
business

We will maintain our stable management system and aim to actualize sustainable growth.
Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved

21

Shareholder Returns

We aim to increase dividends stably and continuously, and achieve a payout ratio of 30%.
(The initial forecast has not been revised.)
(Yen)

99.8

100.0

Dividend per share

Initial estimate
Results

90.0

82.7 82.8 83.0

80.0

75.3
68.5

70.0

65.5

63.2

60.0

52.7

50.0

45.7

40.0
30.0

23.7 25.3

20.0
10.0

8.5

8.510.0

2012/122013/12

4.5

14.3

0.0
2014/122015/122016/122017/122018/122019/122020/12(forecast)
The forecast and dividend estimate are based on the information that the Company has and a certain assumption that is
considered reasonable. There is a possibility that the actual results may largely differ based on various factors.
Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved

22

The “Ways We Live”

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

23III. Appendix
Profile of World Holdings

Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved24Main Subsidiaries and Associates
Human Resources andEducation Business

The“Ways We
Live”

Real Estate BusinessConnecting people to jobs a new
ways of working

Connecting people with homes shaping
the way we live through home creation
WORLD RESIDENTIAL CO., LTD.

WORLD INTEC CO., LTD.
WORLD STAFFING CO., LTD
WORLD CONSTRUCTION CO., LTD.

WORLD NEXT CO., LTD.

Information andTelecommunications BusinessWORLD ICITY CO., LTD.

Bring people together through new styles ofcommunications with information
technologies

WORLD WISTERIA HOMES CO., LTD.

NICHIMO REAL ESTATE CO., LTD.

DOT WORLD CO., LTD.

JW SOLUTION CO., LTD.

COMPAX CO., LTD.
BEST IT BUSINESS CO., LTD.

OthersWORLD INTEC TAIWAN CO., LTD.

FARM CO., LTD.
ファーム

WORLD MIKUNI CO., LTD.

CROWDWEIGHT CO., LTD.

M'S WORLD CO., LTD.

ADVAN CO., LTD.

GEOGRAPHIC INFORMATION OF KYUSHU, INC.

OMACHI WORLD CO., LTD.

New businessesWORLD ASSET MANAGEMENT CO., LTD.

Main Subsidiaries and associates: 37<Consolidated: 33/Non-consolidated: 4>

MIRAI SERVICING CO., LTD.

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

25

Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved
Established TOHOWORLD CORPORATION with Toho Titanium Co., Ltd.

2019

Joint investment in JW SOLUTION CO., LTD. with JTB Corporation

2016 2017 2018

Established JW SOLUTION CO., LTD. (human resources for tourism)(JASDAQ)

Entry into Financial Business1st Section pf
TSE

Acquired 100% ownership of SAIHI INFORMATION SERVICE CO., LTD.
(contracted service for systems)

Acquired 100% ownership of FARM CO., LTD.

2015

Acquired 100% ownership of NIKKEN TECHNO CO., LTD.
(camera repair)

Became a pure holding
company

Acquired 100% ownership of OMACHI WORLD CO., LTD.

2014

Prefabricated house

Acquired 100% ownership of MIKUNI CO., LTD.

Renovation2013

Development in Kyusyu area

2012

Name changed to WORLD HOLDINGS CO., LTD.

Stock listing

Development in Kansai area

Acquired 100% ownership of DOT WORLD CO., LTD. (CRO)2010

Development in Tohoku area

Established WORLD RESIDENTIAL CO., LTD.

2005

Entry into Real Estate Business (development in the Tokyo metropolitan area)

1997 2002

Entry into Sales & Marketing Business

Establish-ment

Entry into Information and Telecommunications Business

Entry into R&D Business

1993

Entry into Technology Business

Established WORLD INTEC CO., LTD.

1981

Entry into Human Resources and Education Business (Factory Business)

Established Mikuni Industry Co., Ltd. (current, MIKUNI CO., LTD.)

History

Blue: Human Resources andEducation BusinessGreen: Information andTelecommunications Business
Orange: Real Estate Business2020

Human Resources and Education
Business

Information andTelecommunications Business
Real Estate Business26

Business Performance Trend
Used internal resources for enhancing governance(New Medium-term Management Plan 2012 to 2016)

New Medium-termManagement Plan 2021

(100 millions of yen)(100 millions of yen)Created business foundation (early days)
New Medium-term Management Plan 2007 to 2009
Medium-term Management Plan 2010 to 2013

1,600

1,596

Listed on 1st section of TSE
1,428

1,400
74 1,271
70

Entry into Real Estate Business

1,200

78

1,363
73

800

Bankruptcy of Lehman Brothers879 938
51

Entry into Information andTelecommunications
Business
Listed on JASDAQ

464
400

530

487
378

348
290

200
0
Net sales

139
2006/12

2007/12

688
37

40
Human
ResourcesandEducation
Business

21

321
12

10

2008/12564

3

3

2009/122010/12

60
50

47

600

80
70

Real EstateBusiness

1,000

90

Information andTelecommunications
Business

30

20
10

5
2011/122012/122013/12

2014/122015/122016/122017/122018/122019/122020/12Plan

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

0Operatingincome27

Human Resources and Education BusinessDomains of the human resources and education segment
We cover a broad range of domains centered around manufacturing withcomprehensive lineup of services.

R&D

Design/development

Manufacturing

Logistics

Sale

After-sales
service

R&D BusinessTechnology Business

Factory Business

Factory Business

Sales &
Marketing BusinessTechnology BusinessFor clients

For workers

Our capability of meetingneeds in any field all by

A wide range of job vacancies and plenty ofopportunities to improve skills and develop
careers

MeritsGrowth potential

ourselves
R&D BusinessTechnology Business

Factory Business

Biotechnology/Chemical
Researcher at CRO

Design/Development
Engineer

Manufacturing/Logistics
Operator

About 1,000

About 2,900

About 16,000

Human resources for
About
manufacturing

20,000 workers in service

Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved*As of the end of June 202028

Human Resources and Education Business

Position Human Resources and Education Business Seeks
To become No.1 in the manufacturing field, by strategically investing in human resource development

Dispatch

Skill

Dispatch ofskilledresearchers andengineers

Undertaking

High

Dispatch ofteams

Co-sourcing

Undertaking oflarge-scale
projects

Evolved outsourcing for not
only supporting HR sections
quantitatively, but also
solving problems with clients
together

Current fields ofcompetition

Team

Individual[Volume zone]
Area for pursuing quantity
We don’t pursue scale.

Skill

Temporary tasks
Low[Entry to advanced fields that are not swayed by economic fluctuations, and formation of a competent team]
Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved

29Real Estate BusinessDomains of the real estate segment
We aim to expand this business with an suitable scaleand stabilize business administration in multiple domains.
Development of condominiums
mainly in major cities of the Tohoku,
Tokyo Metropolitan, Kinki andKyushu areas

Real estate for investment
Development
Newly built
condominiums
Detached houses

Real estate revitalization

We conduct renovation,
rentals, and brokeragebusinesses around Japan.

BeforeRenovation
Conversion
After

Distribution, brokerage, and property
management(Received Good Design Award in 2015)
Branz Yokohama Bashamichi Residential
Hotel/Condominium<Kanagawa Pref.>Real estate financeCollection of receivables, asset management (REIT, funds)

Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved30

Information and Telecommunications BusinessDomains of the information and telecommunications segment
Mobile phone shop

Corporate solutions

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

We propose the reduction of costs for electric power,
communications, etc. by selling our products to corporations.
Monitoring cameras

・Softbank Shop
・au Shop・Y! Mobile Shop

Air conditioners forbusiness use

LED lighting

Comprehensive cost reduction solutions
Smartphones
Supplies

Computers

38 stores
As of June 2020

Telephone system forbusiness use

Water dispensers

Multifunction
machines

UTM/servers

Internet lines

Call center
Sale of various products
for individuals and corporations

Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved31

Others

Operation and management of agricultural parks, etc.
Operation of nature-rich agricultural parks,etc. at 13 locations around Japan
Thanks to the community-based management of each facility,
the number of visitors per year reached about 1 million.
(*Only 5 directly managed facilities counted)

Operation of a total of 13 facilities, including 5 directly managed
facilities and other entrusted facilities
Directly
managedRakuten Seimei Park
Smile Glico Park

Shinshu-Shiojiri Agricultural Park

Tirolean Forest
Comorebi

Minokamo Rest Area

Kitakyusyu Municipal

Directly
managed

Ibaraido Forest

Kanzaki Farm Park

Sougou Nouji Center Yodel Forest

Chiba Zoological Park

Fureai Dobutsu-no-Sato
Hibikinada

Green Park

Shiga Agricultural Park

Blumen Hugel Farm
Sakai Greenery Museum

Harvest Hill

Directly
managedDirectly
managedDirectly
managedOkayama Forest Park

German Forest

Ama Site Park
Wakayama Castle Zoological Park

Group synergy
Job creation andregional development
New recurring-revenue businessWe also produce andsell homemadesausages,
confectionery, beers,etc.

To create a broad range of jobs for local communities and vitalize and develop each region
Recurring-revenue business that generates stable profits according to the number ofvisitors
Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved

32

The "Ways We Live"

Norio Nishihara

For More Information

Public Relations and Investor Relations Department

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

Copyright © WORLD HOLDINGS CO., LTD. All Rights ReservedWORLD HOLDINGS CO., LTD.
TEL: 03-3433-6005
E-MAIL: irinfo＠world-hd.co.jp
URL: http://www.world-hd.co.jp/

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