2021
InterimSecurities Code: 2429

Business
Report 2021
Interim Business Report to
Our Stakeholders January 1 June 30, 2021
Contents
01 Interview with the President
05 Business Segment Overview
09 History

04 Consolidated Financial Results
07 Topics

10 Corporate Data

Creating the “Ways We Live”
Our operations are guided by the basic philosophy ofusing our businesses to contribute to people andculture worldwide. We are firmly committed to being a source ofdiverse workplace environments that enable people tolead fulfilling lives. All our activities are centered on
our social mission of creating the “ways we live.”│ Interview with the President │Through various forms of collaboration, World Holdings
aims to create further diversity in the “ways we live.”
Chairman and President Eikichi Iida talks about World Holdings’ initiatives for a sustainable growth born from the creation of
new “ways we live,” including strengthening seamless collaboration among all staffing segments, collaboration between the
Human Resources and Education Business and the Real Estate Business, and collaboration with various companies.

The six months ended June 30, 2021(1H):

Overview of Business Activities

agricultural parks) faced various restrictions amid the COVID-19
pandemic, but we are continuing business investment from a
medium- to long-term perspective. We are excited about the
future of this business from the standpoint of building a

Amid the COVID-19 pandemic, the track of economic recovery
continues to differ greatly based on industry and region.
However, demand for semiconductors and 5G, two areas inwhich World Holdings has placed a strategic focus, has been

Overview of the Human Resources andEducation Business

addition to strengthening seamless, cross-segment collaboration

In the production-related human resources services industry, thein this core business, during the first half we realized collaboration

market is segmentized by categories including manufacturing andbetween the Human Resources and Education Businesstechnology. Since our founding, World Holdings has organized

and the Real Estate Business segments, which we had developed

operating divisions by production field. The operating divisions

separately before.

had run their businesses independently. However, in recent years,

In the Real Estate Business, prices of property in Japanremain high. While maintaining a cautious stance, using ourChairman and President

The following is a report on our main initiatives centered on ourcore businesses.

Resources and Education Business, driving overall results. In

strong. We enjoyed a large increase in profits in our core Human

Eikichi Iida

recycling-oriented society and revitalizing local communities.

as each operating division has grown competitive, we started
initiatives that seamlessly connect multiple production fields. Twostrong development know-how in business sites, we steadily

to three years ago, we became able to offer real comprehensive

acquired prime properties in our mainstay development businessservices, leading to favorable results in the first half.

and took other actions to prepare for the next period onward.

Looking at demand trends by industry, we expect further

In the Information and Telecommunications Business, thegrowth for the semiconductor industry, with added demand formobile phone retail industry is again experiencing major reform,

advanced driver-assistance systems (ADAS). In the global

with new rate plans being introduced in response to requests

market, a move to rebuild the supply chains for semiconductorfrom the Ministry of Internal Affairs and Communications. We

manufacturing is appearing by country or region, and there

aim to establish a superior market position after these reforms.

are signs of returning to domestic production for Japanese

To do so, we are making investments to implement new sales

manufacturers. We believe that this trend will be a tailwind for

promotion activities and to train store personnel and enacting

our company, which is focused on cooperation with customer

other measures to build a superior store network.

manufacturers to win international competition.

Our Other Businesses (operation and management of
01

Demand for electric vehicles (EVs) and fuel cell vehicles (FCVs)

is growing in the automotive industry. However, because thebe concentrated in the fourth quarter, and the performance of thisbecome the leading brand. In the human resources service

industry uses mainly temporary workers and fixed-term workers,

business has been progressing compared to our initial plans.

industry, we expect personnel shortages to become even more

we have not been very active in this industry in the past as we

The “real estate bubble” is becoming more prolonged thanpronounced. As such, we believe that an important theme will be

are focused on the subcontracting business. However, in recent

expected. As such, while maintaining a cautious stance, we

how we increase individual productivity. We plan to strengthen

years, with the electrification of vehicles, we believe that oursteadily acquired properties with earnings potential, resulting in

our human resources development system, which has always

subcontracting business could become a strength.

an increase trend in both real estate for sale and real estate forbeen a focus, to achieve higher prices by enhancing productivity

sale in process.

and to build a high-value-added cycle.

Furthermore, in logistics-related businesses, for which the

We are also implementing our strategy to strengthen our stock

market is growing due to a boom in e-commerce, the newThus far, World Holdings has in principle not pursued M&A only

logistics base that we opened at the end of the last period isbusiness for long-term holding, including real estate liquidation

for the purpose of expanding scale, instead focusing on organic

progressing smoothly, contributing greatly to growth in ourand securitization. As part of this strategy, we are using

growth. However, to supplement the required parts for our futurefinancial results.

established commitment lines to make steady preparations

growth strategy, we conducted several M&As with IT companies.

In every category in the staffing business, we saw an overall

to invest in real estate financial services.

To strengthen our “outsourced software development,” two strong

strong recovery from the COVID-19 downturn. We have prioritizedoutsourcing companies, SAINS and Creation View Co., Ltd.,

maintaining employment during the pandemic and enhanced thejoined the Group in 2018 and 2021, respectively. Furthermore, in

on-site capabilities of our workforce through training programs
and other activities. As a result, we have been able to respond tovarious demands with speed and flexibility.

Growth Strategy in the Human
Resources and Education Business

2020, Wakrak inc joined the Group to add “the development andoperation of recruitment matching applications,” a capability that
World Holdings did not previously have.
Now that World Holdings is in a stronger position, in addition

Overview of the Real Estate BusinessWe aim to differentiate ourselves by providing human resources

to our own capabilities, we would like to pursue methods to

Due to transfers of large-scale properties in the first half of 2020,

services that seamlessly cover a broad range of sectors, fromincorporate seeds through M&A and accelerate growth together

sales and profits fell year on year. However, we expect orders toresearch and development to light work and services, and towith our external capabilities.

Organic growth trajectory andshare of M&A (¥ million)

FY12/2021 (1H) Overview of Consolidated Financial Results

Net sales resulting from M&A

Net sales from existing businesses
FY12/2021 (1H)

FY12/2020 (1H)
Actual (¥ million)

Human Resources andEducation Business
Real Estate BusinessInformation andTelecommunications
Business
Others

Total

Segment sales

Profit margin (%)

38,922

Segment profit

2,228

Segment sales

25,541

Segment profit

1,835

Segment sales

5,252

Segment profit

275

Segment sales

1,126

Segment loss

(369)

Segment sales

70,844

Elimination or
corporate(1,196)

Operating profit

2,773

Actual (¥ million)

Profit margin (%)

48,002
5.7

3,036

6.3

3.9

45,166

vs. Plan (¥ million)+2,835

2,106

+930

-59.0

11,669-1,187

-78.2

98

+302

-5.9

4,734

+210

-65.9

200

-106

+43.7

2,087

-468

—

100

-183

65,047-8.2

63,657+1,390(994)—(1,202)

+207

-11.6

1,302

+1,149

400

3.8

93

1.9

1,619
—

Plan (¥ million)

+36.3

4,944
5.2

YoY (%)+23.3

10,481
7.2

FY12/2021 (1H) (plan)

(83)

2,452

—

3.8

02

27,074 34,032 40,099 45,184 51,633 66,041 75,038 77,774 83,142
Total
net sales
2.3%
in the Human
2.7%
Resources
2.7%
andEducation
2.7%
Business
2.1%
1.8%
1.3%
1.6%
Share of
M&A

0.3%

2012

2013

2014

2015

2016

2017

2018

2019

2020

Financial Highlights (1H FY12/2021)
Net sales¥65,047

Operating profit
million

YoY

8.2%¥2,452

million

YoY

11.6%

150,194

64,379 66,827

70,844

FY12/2019(1H)

FY12/2020(1H)

65,047

FY12/2021(1H)

FY12/2021(full-year forecast)¥2,621

million

YoY

8.7%

FY12/2018(1H)

Creating New “Ways We Live”
through Collaboration among
Operating Companies

2,529

FY12/2019
(1H)

2,773

FY12/2020(1H)¥1,891

million

YoY

24.3%

6,388

6,465

2,005

FY12/2018(1H)

Profit attributable toowners of parent

Ordinary profit

2,452

2,001

FY12/2021
FY12/2021(1H)(full-year forecast)

FY12/2018
(1H)

2,872

2,529

4,573

2,497

2,621

1,891

1,685
1,079

FY12/2019(1H)

FY12/2020(1H)

A large issue that surfaced during the pandemic was business

FY12/2021
FY12/2021(1H)(full-year forecast)

FY12/2018(1H)

FY12/2019(1H)

FY12/2020(1H)

FY12/2021
FY12/2021(1H)(full-year forecast)in the manufacturing industry to outside the industry, including

succession in local communities. We are extremely appreciative

improving human resource education and development andto be able to participate in activities to maintain companies

knowhow in general contracting. We would also like to create anecessary to local communities through a consortium withnew corporate culture that creates new “ways we live.”

Shinkin Central Bank. World Holdings is a corporate group born

We aim to connect these initiatives to further profit increase tofrom the local community. We would like to do what we can toachieve sustainable growth. I ask for your continued support for theDuring the first half, in response to social issues that emerged

avoid companies disappearing because business succession isWorld Holdings Group from a medium- to long-term perspective.

during the COVID-19 pandemic, through collaboration among

not possible in local communities. We plan to extend thesebusiness segments that we had previously grown independently

activities nationwide and contribute to revitalizing local

and cooperation with business partners from diverse industries,

communities by creating jobs in local communities.

we challenged ourselves to create new “ways we live” (fordetails, please see the Topics section on P. 7–8).
For example, even amid the COVID-19 pandemic, the logistics
category experienced significant growth together with the

Message to Our Stakeholders

changes in society, supported by growth in e-commerce. Our
collaboration with Tokyu Land Corporation represents a new

The World Holdings Group covers diverse industries anddifferentiation initiative in this field. Using our know-how in theengages in business in various segments and sectors. We have

Real Estate Business and the Human Resources and Education

always prioritized being a corporate group that can endure evenBusiness, we provided all-in-one packages including thesignificant external factors such as economic crises. We believeacquisition of candidate sites to build logistics facilities,

that this strategy has made us a corporate group that can growproviding human resources to operate the facilities, and efficienteven amid the COVID-19 pandemic.

business operations.

We would like to apply the knowledge that we have accumulated

03Consolidated Financial Results

Consolidated Balance Sheet

Consolidated Statement of Cash Flows(¥ million)

AssetsCurrent assets

Liabilities and net assets
Non-current assets

Current liabilities
Net assets

88,27688,276

Cash and deposits
Notes and accounts
receivable–trade
Real estate for salein process

22,817

Cash and deposits

12,817

Notes and accounts
receivable–trade13,624

Real estate for salein process

26,824

76,23922,14633,991

23,797

34,637

68,132
5,297
291

Property, plant andequipment
Intangible assets

5,268
900

Investments andother assets

5,436

Investments andother assets

5,868

11,024

12,036

Dec. 31, 2020

June 30, 2021

Consolidated Statement of Income
Net sales-5,99330,06130,286

Dec. 31, 2020

June 30, 2021

Operatingprofit65,047

Non-operating
income267

2,773

Ordinary
profit2,872

Profitattributable toowners ofparent2,497-1,040Cash flowsfromfinancing
activities

7,788

FY12/2021 (1H)

Cost ofsales

53,947

Ordinary
profitExtraordinary
incomeProfit before
income taxes

2,621

43

2,664

Non-operating
expenses

Extraordinary
lossesProfitattributable toowners ofparent

97

—

1,891

2,452
OperatingprofitCash flowsfrominvestingactivities(¥ million)

Net sales

70,844

Cash flows
fromoperatingactivities

23,99814,458Property, plant andequipment
Intangible assets

23,796

22,817

79,157

79,157

Cash andcash equivalents at
end of quarter

Cash andcash equivalents at
beginning of period

Non-current liabilities(¥ million)

Total income
taxes

SG&A
expenses

718

8,648

Profitattributable tonon-controllinginterests

55

FY12/2021 (1H)

FY12/2020 (1H)

04

Business Segment Overview
Design anddevelopment
Machinery/Electricity/
Electronics/System
integration design anddevelopment

Human Resources and Education BusinessWe provide human resources services including subcontracting and temporary staffing capabilities that offer
broad coverage extending from upstream to downstream processes in the manufacturing sector, such as
research, design, and production, as well as the services sector including logistics, sales, and call centers.
By seamlessly linking these fields, we are responding to a wide range of corporate needs and providing
ample opportunities for our workforce to advance their skills and careers.

Business
Overview

R&D
Biotechnology/
Chemical research/
Clinical research

Repairing/
Maintenance

Segment profit¥48,002

million23.3% U P

Segment sales
Factory Staffing
R&D Staffing

48,002
Sales
composition

38,922

73.8%

9.0%

8.2%
5.0%

YoY

millionFactory Staffing
R&D Staffing

5G-related demand and the recovery in the automotive sector led to overall strength in our mainstay
semiconductor and semiconductor manufacturing sectors, resulting in a large increase in both sales and earnings.
In the logistics sector, the opening of new locations progressed smoothly at the end of the last fiscal year,
leading to the expansion of business.

2,228
17.1%

21.5%

As a result of continued human resources development and other efforts to maintain employment as a toppriority even amid the COVID-19 pandemic, on-site capabilities improved and production volumes of ourvarious subcontracted work performed on-site increased.

Technology Staffing
Sales & Marketing Staffing

3,036

5.1%

17.8%

Technology Staffing

14.7%
0.2%

31.4%

All categories of this business are recovering from the COVID-19 downturn, leading to growth in thesemiconductor sector due to seamless cooperation with the factory staffing business.

54.8%

In addition to revising our hiring methods, we worked to enhance the skills and careers of our engineers
through training, working on providing customer companies with engineering capabilities of an evenhigher quality.

39.8%
64.5%

69.0%
42.9%

-0.9%

FY12/2020 (1H) FY12/2021 (1H)

Composition of Temporary Placement
Workforce (3-month average) (People)
Factory Staffing
R&D Staffing

1,514
1,091
2,880

Technology Staffing
Sales & Marketing Staffing

22,1242,943+4,496
16,639FY12/2020 (1H)

26,620

2,076
1,207

20,393

FY12/2021 (1H)

Sales
Sales/Light-duty jobs/
Call centers

Factory Staffing

36.3% U P

Segment profit

Technology Staffing
Sales & Marketing Staffing

Logistics
Logistics warehouse/
3PL

FY12/2021 (1H) Overview¥3,036

YoY

Manufacturing line/
Maintenance andservice

One-Stop
Service

After-sales
services

Segment sales

Manufacturing

R&D Staffing

FY12/2020 (1H) FY12/2021 (1H)

The research personnel staffing business enjoyed increased sales and earnings through strength in all
categories including biotechnology, chemicals, and analytics in the medical field.
We also captured special demand arising from the COVID-19 pandemic including PCR testing, vaccine
development, and other activities.

The workforce increased significantly in
our mainstay Factory Staffing Business.

Moreover, we provided technologies for activities even more closely linked to our clients’ core operations andworked to expand new business areas, preparing for further growth in 2022.

‌Establishment of new business sites forlogistics and other activities contributed
to a sizable increase in the temporary
placement workforce.

Sales & Marketing Staffing
While COVID-19 is still affecting the tourism industry, we worked to expand the existing office and call center
segments and to capture special demands arising from COVID-19 and the Olympics.

‌The temporary placement workforce
increased in the semiconductor andmachinery sectors due to strong
5G-related demand.

We established new call centers and shifted staffing service contracts to subcontracting agreements for
personnel performing light-duty tasks and sales people at stores, expanding our business categories.

05

Information andTelecommunications Business

Real Estate BusinessBusiness
Overview

This comprehensive real estate business encompasses realestate development, renovations, prefabricated houses, andother activities directly related to properties, and focuses on
the recently started real estate finance business.

Business
Overview

Segment sales
Segment sales¥10,481

Segment profit
YoY

million59.0% DOWN

¥400

Segment profit

YoY

million78.2% DOWN

The main activities are the operation of SoftBank, au, andother mobile phone stores having close ties with the markets
they serve, the provision of solutions for corporate clients,
and telemarketing.

¥4,944¥93

YoY

million

5.9%

DOWN

YoY

million

65.9%

DOWN

Sales
composition

7.6%

FY12/2021 (1H) Overview
The industry is again experiencing a period of major reform with the introduction of new rate plans such as service
plans for internet-only access by telecommunications carriers. Amid these conditions, we made investments toimplement a scrap-and-build strategy pursuing sales promotions, training store personnel, and other measures tobuild a superior store network, resulting in a large, temporary drop in earnings.

Segment sales

Segment profit

Other Businesses

1,835

25,541
Sales
composition

16.1%

Business
Overview

10,481400

FY12/2020 (1H) FY12/2021 (1H)

FY12/2020 (1H) FY12/2021 (1H)
Segment sales

FY12/2021 (1H) Overview

Segment loss

Since property prices in Japan remain high, we are engaging in cautious business development. Against thisbackdrop, due to transfers of large-scale properties in the first half of 2020, sales and earnings fell year on year.
However, we expect projects to be concentrated in the fourth quarter of the current fiscal year, and theperformance of this business has been making steady progress compared to our plans. We also made progressin creating new synergies through the alliance between Tokyu Land Corporation and World Holdings’ Human
Resources and Education Business.

This category includes the operation and management of 13
agricultural parks with the theme of harmony among nature,people, and society, as well as personal computer schools,
website production, and other services.

¥1,619¥83

YoY

million

43.7%
Previous 1H

million¥369

millionUP

Sales
composition

2.5%

FY12/2021 (1H) Overview
In the operation and management of agricultural park facilities, in addition to the government asking people tostay home with the issuance of state of emergency declarations, our flagship facility, “Harvest Hill, Sakai Green
Museum” in Osaka was forced to temporarily close, dealing a big blow to the business. We will continue to work
toward the social recognition of outdoor facilities where people can avoid close contact with others, drawing on thestrengths of our agricultural parks through appropriate marketing activities to boost their awareness.

06

Topics

Creating new “ways we live” withour business partners
Using the strength of our Group synergies across multiple businesses, the World Holdings Group is working to build a foundation for people to enjoy
fulfilling lives. To expand these possibilities, we are proactively cooperating and collaborating with other companies to realize diverse “ways we live,”
aiming to revitalize local economies and make social contributions in various fields.

Topic

1

We concluded a comprehensive businessalliance agreement with Tokyu Land
Corporation to integrate real estate andhuman resources expertise.

In July 2021, World Residential Co., Ltd., the core real estate company of the Group and World Staffing
Co., Ltd., which runs the Group’s human resources service business, concluded a comprehensive
business alliance agreement with Tokyu Land Corporation, a major integrated real estate company, tocreate new businesses and services for logistics facilities.
Specializing in the acquisition and development of real estate land plots, World Residential has
developed many commercial land plots mostly in the Kanto area. Using the strength of its expertise inenhancing the productivity of logistics warehousing, World Staffing, which specializes in the logistics
field, has been expanding its business scale every year.
Based on this agreement, World Residential and World Staffing will share information, cooperate insales activities, and conduct joint R&D efforts in the development, sales, management, and operationof logistics facilities built by Tokyu Land Corporation. By leveraging the strengths of each of the twocompanies, we will create new businesses and services and enhance added value. Using World
Holding’s know-how in utilizing real estate and human resources, in addition to the business growthof the three partner companies, we aim to develop and revitalize local communities.

07

Realizing synergies between the Real Estate Business andthe Human Resources and Education Business that each company
has been developing on its own

Tokyu Land
Corporation
Development and operation oflogistics facilities

Facilities
leasing

Logistics
facilities
leasingcompany

Providingcandidatesites

Providinghumanresources
services(plan)

Real Estate

Human Resources andEducation

Strong in acquiring and developing real estate land

Strong in logistics field subcontracting (3PL)

Topic

2

Topic

3

Established a joint venture to planand realize diverse workstyles forolder personnel

In August 2021, World Holdings, EPS Holdings, Inc., a pioneer in clinical researchorganization (CRO), SBS Holdings, Inc., a logistics-related services provider, and Creek& River Co., Ltd., a professional agency active in diverse sectors, established the joint
investment company Hataraku Elder Co., Ltd.
Hataraku Elder was established to create places for older personnel to flourish mainlyin the pharmaceutical manufacturing and medical device industries. We are working tospur demand for experienced older personnel mainly from pharmaceuticalmanufacturers and medical device developers to develop new markets in the industry.
With “Aiming be a company that creates new employment using the experiences ofolder personnel,” as part of our corporate philosophy, World Holdings will continue towork hard to find places for older personnel to flourish and to create new “ways we live.”

Participated in the Shinkin BusinessSuccession Consortium establishedby Shinkin Central Bank

In June 2021, WORLD INTEC CO., LTD., the core human resources business company of
the Group, participated in the Shinkin Business Succession Consortium created by Shinkin
Central Bank. The consortium is a business entity in which Shinkin banks act as a hub torealize smooth business successions with banks’ transaction partners, to coordinate withmultiple external organization with expertise in business succession issues, and to propose
optimal solutions.
Through the participation in this consortium, WORLD INTEC will engage in the introductionof candidates for successors and management personnel, the development and training of
successors, and support the development of human resources within the organization forclient companies mostly in the manufacturing industry. WORLD INTEC will work on resolving
business succession issues leveraging the human resources of each client company andcontribute to the sustainable prosperity of local communities.

Promoting business models that provide older personnel withworkplaces and opportunities

Providing solutions for business succession issues, which
exploded during the COVID-19 pandemic

Pharmaceutical manufacturers,
medical device manufacturers, healthcare companies

Transaction
partners

Other industries

Older personnel
Older personnel

Consultations
andproposals

Older personnel

Shinkinbanks
Winning businessprocess outsourcing(BPO) contracts
in specialized fields

Supporting M&A
through platforms

Eliminatingexcessive debt

Providingsolutions to various issues

Sales cooperation to win
BPO contracts

Exchanging and using human resources andbusinesses development
SBS Holdings, Inc.

Creek & River
Co., Ltd.

51.7％

World Holdings

16.7％

SBS Holdings, Inc.

16.7％

Creek & River Co., Ltd.

3.3％

Other

11.7％

Tax consultations

the( including
introduction of experts )Placement of successors
and management[ Equity share ]EPS Holdings, Inc.

Introducing public
support measures

Consultations and proposals

Subsidy
applications
Capital andbusiness alliance

Supporting healthcarecompanies and nursing
care businesses inbusiness successions

Acquiring stock throughprivate equity funds

08

History

Sustainability management
encompassing multiple business units
to achieve the Group mission ofcreating the “ways we live”
The World Holdings Group is a pure holding company consisting of 39 major affiliated companies. For
sustainable business operations, rather than relying on a single pillar, we have several main pillars: Human
Resources and Education, Real Estate, and Information and Telecommunications. This diversity creates astable and well-balanced foundation for the Group. We believe that this is the most important principle ofour management. We are determined to take our mission of creating the “ways we live” to an even higher
level to continue supplying workplaces where an even larger number of people can grow and achieve theirgoals. Our objective is building a base for business operations that is not vulnerable to changes in theeconomic and social environment so that we can continue to aim for consistent and sustainable growth.

Growth andDiversification
The stability and balance of thebusiness operations of World
Holdings date back to the 1981
establishment of a diversified realestate company called Mikuni Sangyo(now MIKUNI Co., Ltd.) by Eikichi
Iida, the current chairman andpresident of World Holdings. The
failure of many real estate companies
after Japan’s real estate bubble burst
reinforced Mr. Iida’s commitment tostability and balance. This led tosubsequent entries into multiple
businesses.

Human Resources andEducation Business

Factory Staffing
Business

Technology Staffing
Business

Subcontracting and temporary staffing services thatcover a broad spectrum of market sectors primarily
involving manufacturing: R&D, design anddevelopment, production, logistics, sales,
after-sales services, and other activities

R&D Staffing
Business

Sales & Marketing
Staffing Business

Real Estate Business
Real estate development andrenovation as well as the realestate finance businesses

Information andTelecommunications Business

Other Businesses

Operation of mobile phone storesand provision of solutions forcorporate clients and thetelemarketing business

Operation and management ofagricultural parks, operation of
personal computer schools, website
production, and other services

December 2005

April 2010

Started the Information andTelecommunications BusinessStarted the Real Estate Businesse-support, Inc. became an affiliate of
the World Holdings Group

Established WORLD RESIDENTIAL Co., Ltd.

EstablishedWORLD HOLDINGS CO., LTD.
(formerly WORLD INTEC CO., LTD.)

June 1997
Started the Technology
Staffing Business

Global financial crisis
Although this crisis had a severe negative
impact on the Human Resources andEducation Business, performance was
supported by the Information andTelecommunications Business, the Group’s
second core business, leading to steady
growth in the following years.

Feb. 2002
Started the R&D
Staffing Business

Apr. 2005
Started the Sales &Marketing Staffing Business

46.4

48.7

34.8
0.9

1.3

29.0

32.1

142.8
7.4

0.3

53.0

56.4

1.2

2.1

127.1

7.3

143.5
136.3

7.0

6.2

6.4

94.3

5.1

4.7

3.7

37.8

1.0
0.3

150.1
(forecast)

87.9

68.8

Operating profit(¥ billion)

Started the Real Estate
Finance BusinessStarted a real estate business to take advantage
of opportunities created by the big decline in thenumber of real estate companies in Japancaused by the global financial crisis

2008

We focused on the human resources service
business industry, which was relatively
unknown in Japan at the time, and the newscheme of subcontracting services. WORLDINTEC (started operations with the current
Factory Staffing Business) was establishedwith the goal of helping manufacturers inJapan become cost competitive again as wellas to contribute to stable employment.

Net sales

June 2019

February 1993

Started the Human Resources andEducation Business

0.5

FY12/2006 FY12/2007 FY12/2008 FY12/2009 FY12/2010 FY12/2011 FY12/2012 FY12/2013 FY12/2014 FY12/2015 FY12/2016 FY12/2017 FY12/2018 FY12/2019 FY12/2020 FY12/2021
Feb. 2005
Listed on the JASDAQ Securities Exchange

July 2014
Company name changed to WORLD HOLDINGS CO., LTD., shifted to a holding company structure

09

Mar. 2016

Listed on the Second Section of the Tokyo Stock Exchange

June 2016

Moved up to the First Section of the Tokyo Stock ExchangeCorporate Data

Corporate Data (As of June 30, 2021)
Name

World Holdings Co., Ltd.

EstablishedFebruary 12, 1993

Share capital¥1,246 million

Representative

Eikichi Iida, Chairman and President

Number of
employees

24,839 (consolidated)

Major affiliated companies: 39(34 consolidated subsidiaries, 5 non-consolidated subsidiaries) (As of June 30, 2021)
Human Resources andEducation Business

Real Estate BusinessConnecting people to jobs,
a new way of working

Connecting people with homes shaping
the way we live through home creation

Fukuoka Head Office:
6F, Fukuoka Asahi Building, 2-1-1 Hakata Ekimae,
Hakata-ku, Fukuoka-shi, Fukuoka Prefecture 812-0011, Japan
Phone: +81-92-474-0555 Fax: +81-92-474-0777
Locations

Kitakyushu Head Office:11-2 Otemachi, Kokurakita-ku, Kitakyushu-shi,
Fukuoka Prefecture 803-0814, Japan
Phone: +81-93-581-0540 Fax: +81-93-581-0542

Information andTelecommunications
Business

Tokyo Head Office:
4F, NBF COMODIO Shiodome, 2-14-1 Higashi-Shinbashi,
Minato-ku, Tokyo 105-0021, Japan
Phone: +81-3-3433-6005 Fax: +81-3-3433-6003

Businesses

Bring people together through new styles ofcommunications with information technologies

Businesses related to the entire group including the formulation ofmanagement policies for the holding company and group companies aswell as management of the group’s business operations (Human
Resources and Education Business, Real Estate Business, Information
and Telecommunications Business, and Other Businesses)

Executives
Eikichi Iida Chairman and President
Toru Iwasaki Director
Hidenori Yamada Director
Shigeru Nakano Director
Shinji Honda Director
Hitoshi Yukawa Director
Toshihiko Kanno Director
Masaaki Shiomi Director
Masayoshi Nuki Director (Outside, Independent)
Shingo Igarashi Director (Outside, Independent)
Yuichi Hasegawa Director (Outside, Independent)
Shigeyuki Takemura Director (Outside, Independent)
Kazuyuki Yamamura Audit and Supervisory Board Member (Full-time)
Mitsuo Koga Audit and Supervisory Board Member (Outside)
Tetsuo Kato Audit and Supervisory Board Member (Outside)

Other Businesses

Finance10Stock Information (As of June 30, 2021)

Memorandum for Shareholders

Number of authorized shares: 54,000,000
Number of shares outstanding: 17,569,900
Number of shareholders: 2,703

Treasuryshares0.65%

Individuals/
others
15.71%

Foreignentities,
etc.
18.59%

Financial
institutions
18.89%

Shareholder
Composition

Financial
instruments
firms
0.67%

Other
entities
45.49%

Major Shareholders
Number ofshares held

Shareholding
ratio

Mirai Research Institute, Limited

7,965,000

45.63%

Custody Bank of Japan, Ltd. (Trust Account)

1,093,100

6.26%

800,000

4.58%

The Kitakyushu Bank, Ltd.
Standing proxy: The Master Trust Bank of Japan, Ltd.

709,200

4.06%

Nanko Abe

500,000

2.86%

Eikichi Iida

496,500

2.84%

The Master Trust Bank of Japan, Ltd. (Trust Account)

447,500

2.56%

THE NISHI-NIPPON CITY BANK, LTD.

300,000

1.71%

MUFG Bank, Ltd.

180,000

1.03%

THE BANK OF NEW YORK MELLON 140040
Standing proxy: Mizuho Bank, Ltd., Settlement Sales Department

147,000

0.84%

Name of shareholders

BNP PARIBAS SECURITIES SERVICES LUXENBOURG/JASDEC/FIM/LUXEMBOURG
FUNDS/UCITS ASSETS
Standing proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo BranchBusiness year

January 1 to December 31

Annual General Meetingof Shareholders

March

Shareholder registry andspecial accountadministrator

Mitsubishi UFJ Trust and Banking Corporation

Address

Securities Agency Division, Mitsubishi UFJ Trust and Banking
Corporation, 1-1 Nikko-cho, Fuchu-shi, Tokyo, Japan
Contact: 0120-232-711 (toll-free in Japan)
Mailing address: ‌Securities Agency Division, Mitsubishi UFJ Trustand Banking Corporation, P.O. Box 29, New Tokyo
Post Office, 137-8081

Method of public notice

Notices will be posted in electronic format on our website (https://en.world-hd.co.jp/). However, notices will be published in the Nihon
Keizai Shimbun when electronic notifications are not possible forunavoidable reasons.

The World Holdings Website
The IR Investor News section of the World Holdings website has messages from senior executives,
information about new Medium-term Management Plan 2021, an IR library, financial data, andrecent news.

The shareholding ratio is calculated after deducting treasury shares (113,498 shares).

Dividends
The basic policy for profit distributions
is to distribute profits in a manner thatreflects results of operations while
retaining sufficient earnings for futurebusiness operations and for making
business operations stronger. For
dividends, the goal is to increase thedividend consistently while using a
consolidated payout ratio of 30% as
the guideline.

Dividend per share (¥)
75.3

Homepage

IR Investor Newshttps://en.world-hd.co.jp/

https://en.world-hd.co.jp/ir/

101.7
82.7

83.0

78.7
52.7

45.7
23.7
8.5

10.0

FY12/
2012

FY12/
2013

FY12/
2014

FY12/
2015

FY12/
2016

FY12/
2017

FY12/
2018

FY12/
2019

FY12/
2020

FY12/
2021

(forecast)

Fukuoka Head Office:Kitakyushu Head Office:Tokyo Head Office:

6F, Fukuoka Asahi Building, 2-1-1 Hakata Ekimae,
Hakata-ku, Fukuoka-shi, Fukuoka Prefecture 812-0011, Japan
Phone: +81-92-474-0555 Fax: +81-92-474-0777

11-2 Otemachi, Kokurakita-ku, Kitakyushu-shi,
Fukuoka Prefecture 803-0814, Japan
Phone: +81-93-581-0540 Fax: +81-93-581-0542

4F, NBF COMODIO Shiodome, 2-14-1 Higashi-Shinbashi,
Minato-ku, Tokyo 105-0021, Japan
Phone: +81-3-3433-6005 Fax: +81-3-3433-6003