FY2019 Third Quarter Financial Results

November 5, 2019 (Tue)WORLD HOLDINGS CO., LTD.
First Section of Tokyo Stock Exchange (2429)
Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved0Contents
I. Summary of FY2019 Third Quarter Financial Results
・Summary of Financial Results
・Overview of Business Results by Segment
・Details of Each Segment
・Financial Condition B/S

… P3
… P4
… P5
… P14

II. FY2019 Business Forecasts
・FY2019 Business Forecast
・FY2019 Quarterly Business Forecast
・Measures of Each Segment Towards the End of FY2019
・Shareholder Returns
・Topics

… P16
… P18
… P20
… P23
… P24

Appendix

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

1

I. Summary of FY2019 Third Quarter Financial Results

Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved2Summary of Financial Results⚫ Although profit declined year on year, it exceeded the initial estimate considerably mainly thanks to
the Real Estate Business. (The full-year earnings forecast has not been revised.)⚫ While demand related to smartphones and semiconductor equipment was sluggish, the core Human
Resources and Education Business continued to be strong, led by the Technology segment, etc.
(Unit: Million yen)

2018/3Q
actual2019/3Q
estimate

2019/3Q
actualResultagainstestimate
Surplus

YoY
ChangePct.
ChangeNet sales

101,906

104,972

101,964-3,008+57+0.1%

Operatingincome

4,383

2,664

4,090

＋1,426

-292

-6.7%

Ordinary income

4,357

2,561

4,105

+1,544

-251

-5.8%

Net income attributable toowners of parent

2,636

1,583

2,659

+1,076+22+0.9%

Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved3

Overview of Business Results by Segment

2018/3Q
actualUnit: Million yen

Factory BusinessTechnology BusinessNet sales

35,8802,307
11,004
931
5,019
380
2,665
-90
54,5703,527
35,238
2,446
9,424
-1
2,674
-178
101,906

Eliminationor
corporate-1,411

Segment income

4,383

Net sales

22,073
1,995
13,165451

Net sales
Segment income
Net sales
Segment income

Human Resources
and Education
Business

R&D BusinessNet sales
Segment income

Sales & Marketing
Business
Total (reference)

Net sales
Segment income
Net sales
Segment income

Real EstateBusiness

Real EstateBusiness

Information andTelecommunications
Business

Inform ation andTelecom m unications
Business

Other

OthersTotal

Net sales
Segment income
Net sales
Segment income
Net sales
Segment income(Profitmargin)(6.4%)(8.5%)(7.6%)－(6.5%)(6.9%)－－

2019/3Q
actual

36,594
1,838
12,581
1,210
5,287
453
2,675
-12
57,1393,489
32,030
1,987
9,567
-17
3,226
226
101,964(Profitmargin)(5.0%)(9.6%)(8.6%)－(6.1%)(6.2%)－(7.0%)-1,595(4.3%)

4,090(4.0%)

YOY
ChangePct.
Change

713
-469
1,577
279
267
72
9
78
2,569
-38
-3,209
-458
143
-16
552
405
57

2.0
-20.3
14.3
30.0
5.3
19.1
0.4
－
4.7
-1.1
-9.1
-18.8
1.5

-184

－

-292

-6.7

-4,861
-773
1,653
314

-22.0
-38.7
12.6
69.6

－
20.6
－
0.1

<Reference>
Real EstateBusiness

Developm ent/Singlefam ily
housing

Segment income

Renovation/PrefabricatedhousesSegment income

Net sales(9.0%)(3.4%)

17,212
1,222
14,818765

Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved(7.1%)(5.2%)

4

Human Resources and Education BusinessOverall Segment<Composition ratio by business>⚫ Response to the changing external environment, including the amendment of laws
⇒Steadily promoted measures and upfront investment from the medium- and long-term
perspective in order to raise the brand strength (capability of gathering workers)⚫ Stagnant IT-related demand influenced by the overseas environment⇒The Factory Business was partially affected, but there was no significant impact on
Technology or R&D Businesses.
◆ Sales composition(Million yen)

60,00050,000◆ Segment income

Up 4.7%

59,84654,570

4.7%
9.4%

4.8%
9.2%

Down 4.5%

4.7%
9.3%

+0.4％
+5.3％

Down 1.1%(Million yen)

4,000

3,528

3,500

10.8%

3,556
13.6%

Down
1.9%

3,489
13.0%

3,000

22.0%

40,00057,139YoY(Based on
monetary
amount)

22.0%

20.2%

+14.3％

26.4%

27.0%

2,500

34.7%

2,000
30,0001,500
20,000

65.8%

64.0%

63.9%

+2.0％

1,000

65.4%

59.8%

52.7%

500
10,00000Factory-500

2019/3Q

2018/3Q
実績
actual

予算
estimate
Technology

R&D

実績
actualSales & Marketing

2018/3Q

2019/3Q

actualFactory

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

-0.4%

-0.4%

-2.6%

estimate
Technology

R&D

actualSales & Marketing5

Human Resources and Education BusinessOverall Segment<Factors in changes of segment income>⚫ We proactively made upfront investment in human resources development in an effort togain a new position in the field as a group of highly advanced engineers.
⇒Aiming to broaden the client base, further grow our company, and lay the groundworkfor new businesses for the future

108

210

-332

3,528

2018/3Q
Actual

3,489

Increase in Rise in unit priceworking staff

Variousinvestments

2019/3Q
Actual○Factory Business
Enrichment of HR development at the “Technical Center”⇒Quality control, production management, etc.
<expansion of the contracting system>
Preparation for the new HR system targeting leaders<Execution: January 2020>
Development of managers for “establishment of
a new logistics base”○Technology Business
Strengthening automobile-related area by“Training in 3D-CAD” and “Training in production engineering”“Programming training” and “Infrastructure training”⇒To support career advancement of
the existing employees and new employees○R&D BusinessTo strengthen function of the “collaborative research labof an affiliated university”⇒To increase the partner universities and develop HR in higher fields.
○Establishment and operation of programs/systems for helping employees
curve out their respective careers○Provision of a 10-year follow-up training program for newly employedworkers

Increase of new employees and improvement in retention rate by enhancing
brand power (capability of gathering workers)
Formation of highly capable engineer team (development of more advanced
business fields + promotion of our company)
Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved

6

Human Resources and Education BusinessOverall Segment<The number of staff members>⚫ The Factory Business was affected by the partial reduction of production of smartphones,
semiconductor equipment, etc., but secured existing orders and the logistics field continued to
grow.
⚫ The Technology Business grew considerably together with the assignment of new employees
largely thanks to development and assignment of employees at our Engineering Training Center.
Variation in the number of staff (3-month average)*(Persons)

YoY

25,00021,57720,00019,29915,000

2,210
999
2,032

20,179
1,228
1,036
2,386

20,70320,705

1,362
1,093

1,513
1,074

2,639

2,654

+285
+38
+268

15,151

15,60915,464-65

2019/1Q

2019/2Q

2019/3Q

Up 526 asa whole19,889

1,335
1,023
2,437

1,261
1,005
2,472

10,00015,52914,058

16,7825,000

02017/3Q

2018/3Q
Factory

Technology

2018/12
R&D

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

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

7

Human Resources and Education Business

Factory Business<Sales composition by business segment and the number of staff members>⚫

Although the production of smartphones, semiconductor equipment, etc. was partially reduced, we aimed at expanding
business by targeting areas such as 5G that require technological innovation.
In the logistics field, which is our strength, stable operation and improved productivity were achieved at each site. We
also made efforts in developing leaders with a view to opening a new base in the next term (further horizontal
development).
We concentrated on the training and assignment of personnel in advanced fields of FC technologies, such as equipment
maintenance.

⚫
⚫

◆ Sales composition by business segment(Million yen)

40,000Up 2.0%38,24735,880(Million yen)

17.1%

17.7%

+5.5％

2.9%
9.3%

2.7%
5.4%

-4.1％
-40.7％

13.1%+ 2.6％

4.2%+39.9％

25,00013.0%

20,000

YoY(Based on
monetary
amount)3,000◆ Variation in the number of staff (3-month average)

Continuation of growth investment in preparation for
endeavors like the reconstruction of a HR system
and nurturing of human resources(Persons) *Parentheses signify the number of new employees.

18,000

Down 4.3%

35,00030,00036,594◆ Segment income

3.1%

2,500

2,307

Down 20.3%
Down 13.6%

2,126
2,000

1,838

16,00014,00015,529[239]

15,464
[274]

4,534

4,456

1,401

1,249

9,594

9,758

2018/3Q

2019/3Q

12,00010,000

1,500
8,000

15,000

37.1%

34.3%

+10.7％

1,000

6,000

10,000
5,000

4,000
500
20.3%

19.8%

0
2018/3Q
actualElectric & Electronics
Semiconductors
Others

2,000

-0.6％

0
2019/3Q
estimate
Logistics
Machinery0
2018/3Q
actualactual2019/3Q
estimate
actualAutomobiles
Environment & Energy*We have not disclosed the sales estimate by segment.

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

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.

8

Human Resources and Education BusinessTechnology Business<Sales composition by business segment and the number of staff members>
The scheme for strengthening sales efforts and developing and producing engineers titled “Creating the Ways We Live
Academy”* was successful. In particular, the production of mechanical design engineers working in the automobilerelated segment progressed healthily, and business partners increased. Furthermore, transactions related to informationand telecommunications services increased because our strict compliance system was highly recognized.

⚫

*For existing employees, the main courses include those for career change and brushing up their skills. For inexperienced ones, the major courses include 3D-CAD training at
Design Center, training in production engineering at “Production Engineering Center,” programming training in coordination with Advan Inc., and network infrastructure training.

◆ Sales composition by business segment
Up 14.3%(Million yen)

14,00013,181

12,581◆ Segment income

YoY(Based on
monetary
amount)(Million yen)

(Persons) *Parentheses signify the number of new employees.

1,400

Up 29.9%

Down 4.6%

12,0001,200

11,004
33.2%

1,000

29.9%
6.4%
5.3%

6,000

16.9%

8.1%
4.6%

+47.8％
+1.6％

800

18.6%

+29.2％

600

3,000

1,210

Up 26.2%+30.3％

10,0008,000◆ Variation in the number of staff (3-month average)

931

2,500

959

2,386
[114]

Significant
increase at+ 11.2%

2,654
[175]
396

358

2,000
1,500

1,275

1,538

1,000
4,000
2,000

400
35.5%

41.5%

+0.5％

0
2018/3Q
actualSemiconductors
Machinery
Others500

200

estimate

2018/3Q
actualactual720

2018/3Q

2019/3Q

00
2019/3Q

753

2019/3Q
estimate
actualInformation and telecommunications service
Automobiles*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 who are engaged in on-site
operation work.

9

Human Resources and Education Business

R&D Business<Sales composition by business segment and the number of staff members>⚫

The Researcher Dispatch segment increased transactions with existing clients in the bio field, including materials,
chemical synthesis, and analysis.
With the aim of evolving from “a staffing company” to “a technical support enterprise,” we try to select and recruit
excellent researchers and train personnel in advanced fields at the collaborative research lab of an affiliated university.
The clinical research outsourcing (CRO) segment steadily proceeded with clinical trials entrusted by enterprises, inparallel with the measures to improve occupancy rate through the structural reform of DOT World Co., Ltd.

⚫
⚫

◆ Sales composition by business segment(Million yen)

6,000
5,000

YoY
(Based on
monetary
amount)Up 5.3%
5,609
5,019

◆ Segment income

484

12.1%

*Parentheses signify the number of new employees.

1,200

1,036
[78]

1,000

94

1,074
[96]
82

Down 6.4%

+3.4％

7.6％

300
+1.2％

39.7%

41.4％

380

800
Segment income(overall)

200

2,000
1,000

453

400

+0.0％

7.5%

3,000

500

(Persons)

Up 19.1%

5,287
Down 5.7%

12.7%

4,000

(Million yen)

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

600

100
+12.1％

40.7%

38.3％

942

992

2018/3Q

2019/3Q

400

0

200
We are proceeding withstructural reform.

0-100
2018/3Q
actual2019/3Q
estimate

Pharmaceutical/biotechnology
ChemicalClinicalactualThe Researcher
Dispatch segment
expanded steadily.

0
2018/3Q
actual2019/3Q
estimate

actualClinicalOthers(outsourced to DOT)
*We have not disclosed the sales estimate by segment.

Clinical(outsourced to DOT)

Total

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

R&D staff

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

10Real Estate Business*As for the Real Estate Business, keeping in mind the characteristicsof this business, we are conducting management practices while
seeing the trends compared with annual estimates.

Real Estate Business<Sales composition by business segment, and the major activities>⚫ Making efforts to enhance brand development centered around the renovation-related business.
⚫ Keeping profit earning as our main aim, we strengthened our sales capabilities for the developmentrelated business. We maintained a stance of purchasing and delivering with suitable timing, by making
use of our information and networks. Meanwhile, some properties were delivered ahead of schedule.
⚫ Keeping subsequent terms in mind, we are preparing for new initiatives like conversion.
◆ Sales composition by business segment(Million yen)

◆Segment income

Down 9.1%

YoY(Based on
monetary
amount)40,00035,23835,00030,000

Down 1.9%

32,63932,030

2,446
1,987

2,000

46.3%

+12.6％

22.9%+62.6％

30.8%-43.8％

1,500

Up 194.4%

12.8%

1,000

15,00010,000

2,500

37.4％

25,00020,000

Down 18.8%(Million yen)

49.8%

500

5,000
0
2018/3Q
actualDevelopment-related

675

2019/3Q
estimate
Single-family housing

actualIncrease in composition ratios
other than development-related
business.

0
2018/3Q
actual2019/3Q
estimate

actualRenovation-related and others

We have not disclosed the sales and segment income estimate by business segment.

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

11

Information and Telecommunications BusinessInformation and Telecommunications Business<Sales and major activities>⚫

⚫

We took measures to invest mainly for strengthening the shop business, which is our mainstay (including the organizational andshop infrastructure development to respond to amendment to laws, brushing up knowledge and ability to attend to customers, etc.)with the aim of sharing the merits of remaining players. On the other hand, we planned the establishment of a network of excellent
shops, and promoted the integration and closing of stores.
In the corporate solutions business on which we focus, we planned to strengthen the sales system and increased the HR mobility.
We also developed call centers for selling new products, etc.

◆ Sales for each target(Million yen)

10,0009,000◆ Segment income

Up 1.5%
9,424

9,567
9,333

9.4%

Up 2.5%

9.3%

YoY(Based on
monetary
amount)+1.6％(Million yen)

100.0

77
80.0

Segment income(overall)

8,000
60.0

7,000
6,000

40.0

5,000
4,000

90.6%
90.7%

3,000

+0.6％

20.0
0.0

2,000
-20.0

1,000
0

-40.0
2018/3Q
actual2019/3Q
estimate

actualMobile phone shop businessCorporate solutions business*We have not disclosed the sales and segment income estimate by destination.

-1

-17

2018/3Q
actualMobile phone shop business

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

2019/3Q
estimate
Corporate solutions businessactualTotal

12

OtherOthers<Sales and major activities>
Farm Co., Ltd., which specializes in the agricultural park business, opened a giant athletics facility “Alps Gym” in “Shiga Agricultural
Park Blumen Hugel Farm” in Shiga Prefecture in March, and the number of visitors to this facility increased 60% year on year.
Measures for attracting customers certainly exerted their effect, such as redevelopment of facilities, including the opening of“Sylvanian Park” in Comorebi Morino Ibaraido in Ibaraki Prefecture in the previous term (the number of visitors to the park grew 7%
year on year).
Advan Inc. achieved sales and operating income that were greater than expected through the education business targeting our groupcompanies and other corporations.

⚫

⚫

◆Sales◆ Segment income(Million yen)

Up 20.6%

3,500
3,000
2,500

3,226

3,152

YoY
(Based on
monetary
amount)Up 2.3%(Million yen)

(Ten thousand)

300.0

Up 11.5%

85Up
120.0%

-8.2％

13.0%

2,674

◆ Number of visiting customers

200.0

226

80
75

17.2%

82.3

73.8

103
100.0

2,000
77.5%

1,500

+23.8％

70
65

0.0

76.2%

1,000

60
-100.0

500
0

55
9.5%

6.7%

2018/3Q
actualAdvan Inc.

+74.2％

2019/3Q
estimate
Farm Co., Ltd.

-200.0-178
2018/3Q

actualactual50
2019/3Q
estimate

2018/3Q

2019/3Q

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

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

13

Financial Condition B/S⚫ As we conducted careful procurement, real estate for sale and real estate for sale inprocess increased.
Total assets(Million yen)

Current
assets100,000
80,00079,964

83,117

69,82372,78760,00040,0000

10,140

10,329End of FY2018

End of FY2019 3Q

Fixed assets(Million yen)

60,000-3,592 million yen＋3,373 million yen＋3,666 million yen

10,329（+188）

・Total property, plant and equipment
・Goodwill・Investment securities＋449 million yen
456 million yen＋297 million yen

Current assets

Total liabilities/net assets

100,000
80,000・Cash and deposits
・Real estate for sale・Real estate for sale in process
Fixed assets

20,00072,787 （+2,964）

79,964

83,117

46,13049,65911,485

9,855

22,347

23,601

End of FY2018

End of FY2019 3Q

Liabilities

59,515（+1,899）

・Short-term debt
・Accounts payable
・Income taxes payable
・Long-term debt

＋8,014 million yen-1,191 million yen-1,132 million yen-1,270 million yen

40,00020,0000
Net asset

Fixed liabilities

Net assets

23,601（+1,254）• Retained earnings＋1,279 million yen

Current liabilities

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

14II. FY2019 Business Forecasts

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

15

FY2019 Business Forecast⚫ The implementation of strategies, which adhered to the new medium-term management plan, sustained
the growth of the Human Resources and Education Business. Along with the expansion in sales in the
Human Resources and Education Business that exceeded the 5-year plan goals, the Real EstateBusiness shifted towards strategies that focus on safety even more, as the inversion of the bubble-likeexternal environment was expected.

Results for theterm ended Dec.
2018

Forecast for theterm ending
Dec. 2019

Net sales

142,894

155,452

12,557

8.8

Operating income

7,370

6,049

-1,321-17.9

Ordinary income

7,357

5,910

-1,446-19.7

Net income attributable to

4,650

3,672

-978

-21.0

276.38218.11
65.5-58.27

-21.1

-17.5

-21.1

Unit: Million yen, %owners of parent

EPS (yen)
Dividend per share (yen)83.0

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

YoY
ChangePct. Change

16

FY2019 Business Forecast by Segment⚫ As for the company’s mainstay business, the Human Resources and Education
Business, all segments are estimated to increase sales and profit.
Results for theterm ended Dec.
2018

Unit: Million yen, %Factory Business

Human
ResourcesandEducation
Business

Technology Business

R&D Business
Sales & Marketing
Business
Total (reference)

Real EstateBusiness

Real Estate BusinessInformation andTelecommunications
Business

Information andTelecommunications
Business

Other

Others

Net sales
Segment income
Net sales
Segment income
Net sales
Segment income
Net sales
Segment income
Net sales
Segment income
Net sales
Segment income
Net sales
Segment income
Net sales
Segment income
Net sales

Total

Elimination
corporateorSegment income

49,524
3,169
15,200
1,337
6,779
559
3,533
-100
75,0384,964
52,011
4,589
12,376
3
3,467-270
142,894-1,917
7,370(Profitmargin)(6.4%)(8.8%)(8.3%)－(6.6%)(8.8%)(0.0%)－(5.2%)

Forecast for theterm ending
Dec. 201953,427
3,309
18,228
1,548
7,638
719
4,066
40
83,361
5,617
56,063
2,753
12,019157
4,008
45
155,452-2,525
6,049

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

(6.2%)(8.5%)(9.4%)(1.0%)(6.7%)(4.9%)(1.3%)(1.1%)(3.9%)

YOY
Change

3,903
140
3,028
211
859
160
533
140
8,323
653
4,052
-1,836
-357
154
541
315
12,558(―)-1,321

Pct. Change

7.9
4.4
19.9
15.8
12.7
28.6
15.1
(―)
11.1
13.2
7.8
-40.0
-2.9
5,133.3
15.6
(―)
8.8
(―)
-17.9

17

FY2019 Quarterly Business Forecast⚫ We will Improve the management transparency and continue to disclose our financial
result forecast on a quarterly basis to help shareholders and investors makeinvestment decisions.
Net sales

Operating income
7,370

155,452
142,894
40,987

6,049
4Q

50,480

4Q

2,986

4Q

101,964
4Q

3,390
37,526

3Q

38,457

3Q

35,136

3Q

2,378
34,2682Q

36,314

2Q

36,213

1Q

30,1991Q

30,614

2019/122019/12actualestimate

3Q actual
1Q

2Q

1Q

2Q

1Q

1,561

3Q

2,366

2Q

162

1Q

3Q

1,613

570

2018/12

3Q

2Q

1,434
30,111

4,090

2Q

1,170

1Q

-101

2018/122019/122019/12actualestimate

3Q actual

3Q

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

4Q

18

FY2019 Quarterly Business Forecast By Segment
Human Resources and Education Business

Real Estate Business

56,06352,011

83,361

Information and Telecommunications Business

12,37675,03823,515

4Q

Net sales

19,024 3Q

21,546

18,433 2Q 19,854
17,112 1Q 18,445

3Q

2Q

1Q

32,03019,806 3Q
19,007

2Q

18,325

1Q

12,0192,952 4Q

16,773 4Q 23,424 4Q

57,13920,467 4Q

2,685 4Q

2,682 3Q

14,821 3Q 13,122 3Q 11,652 3Q
3,392

2,618 3Q

2Q

3,186

2Q

4,008

9,567

3,467

2,568 3Q
3,630 2Q

11,221 2Q 11,898 2Q 12,086 2Q
9,194

1Q

7,619

1Q

8,291

3,349

1Q

Other

1Q

3,528 1Q

855

793

4Q

998

3Q

1,109 3Q

2Q

1,488 2Q

1Q

628

1,375

1Q

607

454

3,226

1,169 3Q

1,220 2Q
3,369 1Q

4Q

1Q

2018/122019/122019/122018/122019/122019/122018/122019/122019/122018/122019/12actualestimate 3Q actual

actualestimate 3Q actual

actualestimate 3Q actual

actualestimate 3Q actual

5,617

4,589

4,964
1,436 4Q

2,061 4Q

2,143 4Q

3,489

Segment income 1,344 3Q 1,587 3Q 1,346 3Q
1,192 2Q
991
2018/12actual

1Q

2Q
1,140 2Q 1,193828
2019/12

1Q

1Q

949
2019/12estimate 3Q actual

1Q

1,987
1,661 3Q

79

3

2,753

2,078 4Q

760

3Q

226

157

Some delivery was carried out
ahead of the original schedule
in 4Q

5
36

4Q
2Q

37

1Q

-75

2019/12

45

-17

79

3Q

224

2Q

29

3Q

323

2Q

-126

1Q

4Q

46

3Q

34
-3

2Q
1Q

3Q

137

-88

3Q 1,251 2Q

2Q

1Q

-270
66

2Q

-196

1Q

-200

1Q

3Q
4Q

-57

4Q

-47
-92

456
400
-23 1Q217 1Q -181 2Q
1Q
2018/122019/122019/122018/122019/122019/122018/122019/12actualactualestimate 3Q actual

actualestimate 3Q actual

567

2Q

estimate 3Q actual

2Q

-66

3Q

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

3Q

2019/124Q

19

Human Resources and Education Business～Towards the End of FY2019～
Appropriate response to customers’ needs＋Enjoy returns from upfront investments● Responding to customers’ needs byincreasing personnel

Net sales83, 361
57,139estimate

3Q actual

・FC Business--Responding to remaining 1,000–
scale orders <Rapid increase in orders from
5G-related services that we have been aiming
to acquire>*For the logistics service, as with last year, we
will ensure to provide service during the busy
season around the end of the year.
・Technology Business--Maximizing returns fromupfront investments (HR development)
including cost control

Segment
income● Increasing business partners andincreasing employees

5,617
3,489

estimate

・Aiming for synergies through segment mix

3Q actual

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

20Real Estate Business～Towards the End of FY2019～
Strengthen sales structure to expand the recurring-revenue business+ Steady delivery● Ensuring delivery of properties

Net sales

56,06332,030estimate

Segment
income3Q actual

2,753
1,987

estimate

・Development-related business--Steadyprogress against the annual plan
*Approximately 90% of the contracts wasestablished as of the 3rd quarter.
⇒We will ensure deliveries.
• Single-family housing-related business--We
will ensure delivery by further
strengthening the sales system.
• Renovation-related business--We willcontinue to focus on it as the core businessand aim at increasing the number ofcontracts and delivery.
• Prefabricated house-related business--We
will increase the sales channels within theGroup and strengthen sales.

3Q actual

Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved21

Information and Telecommunications Business, Others～Towards the End of FY2019～[Information and Telecommunications Business]

Net sales

12,019●To build a network of excellent
stores to be chosen by communities

9,567

•
estimate

Segment
incomeCorporate solutions business--Cost
reduction, strengthen sales of
products (LED, etc.)
Mobile phone shop business-Strengthening event measures, etc.

3Q actual

•
157
-17
estimate

3Q actual[Others]

Net sales

4,008

3,226

●Contribution to communities
through agricultural park business•estimate

Segment
income3Q actual*Already
exceeding largely.

226
45
estimate

3Q actual•Strengthening the ability to attract
customers to facilities--Measures toenhance the exposure of new
attractions (Alps Gym, etc.)
Increase in unit price per customer-Improve food/beverage and productsales methods

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

22

Shareholder Returns

We aim to increase dividends stably and continuously, andachieve a payout ratio of 30%.
(Yen)

Dividend per share

90.0

82.7 82.8 83.0

Initial estimate
Results

80.0

75.3
68.5

70.0

65.5

63.2

60.0
50.0

45.7

40.0
30.0

23.7 25.3

20.0
10.0

8.5

8.5 10.0

2012/122013/12

14.3

4.5

0.0
2014/122015/122016/122017/122018/122019/12(forecast)*The forecast and dividend estimated 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

23

Topics

Promote expansion of business bases based on the new
medium-term management plan 2021
● Creating opportunities for seniortalent●Expansion in the real estate
financing businessTo start a new business by World Next Co.,Ltd.
We will make full use of the senior people’s“HR pool” that we have been building in the
Human Resources and Education Business.

Using 2 subsidiaries as the core, we will
expand the Real Estate Business (inaddition to real estate, we will handle realestate derivative financial products)
Overview of the real estate financial business

Active senior people who are not working
despite having technical skills
Decline in real estate
value

There are mismatches in employment
opportunities due to undeveloped corporate
acceptance systems and lack of understanding.

Companies need to resolve HR shortages
and improve technical capabilities.

Future prospect
Value-up, conversion

InitialvaluesProperty acquisition Property acquisition
through portal
by real estate SPC, etc.

Real estate portal
Mirai Servicing Co., Ltd.
<Acquired on Sep. 5, 2019>

We will establish a department specialized forsenior people, support employment for senior
HR and identify potential demand of companies
to eliminate mismatches.

World HDReal Estate Business

Other project
procurement

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

Refurbish
ment·
Improvement
Propertyacquisition
through REIT

Refurbish
ment·
Improvement

Age

World Asset Management Co., Ltd.
<Shareholding ratio: 90% by our company, theBank of Fukuoka and other 10%>Investment advice

Real estate
SPC

Operation

Private fund
REIT
Private fund24For More Information

Norio Nishihara
Public Relations and Investor Relations Department
Corporate Planning Division
WORLD HOLDINGS CO., LTD.
TEL: 03-3433-6005
E-MAIL: irinfo＠world-hd.co.jp
URL: http://www.world-hd.co.jp/

No information in this presentation is provided for the purpose of soliciting purchases orsales of our stock. Furthermore, opinions, forecasts and other information not based on
historical facts represent our judgments at the time this presentation was prepared. We do
not guarantee the accuracy of this information and may revise this information at any time
without prior notice. We and other providers of this information assume no responsibility

人が活きるカタチ

whatsoever for any losses incurred in association with the information in this presentation.

Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved25