2023
InterimSecurities Code: 2429

Business Report
Interim Business Report to
Our Stakeholders January 1, 2023

June 30, 2023

2023

Contents
01 Our Purpose / Significance of the World Holdings Group
02 Interview with the President
07 Topics

05 Business Segment Overview

08 Consolidated Financial Results

10 History / Major Affiliated Companies

09 Sustainability

Our Purpose / Significance of the World Holdings Group

Contribute to happiness and a sustainable
society through the creation ofa variety of “ways we live” worldwide
If everyone around the world could live and work with more vitality, the world would be a happier, moredeveloped, and better place. Our mission is to create such a livable society full of vitality.

Human Resources andEducation Business

Real Estate Business

Shaping ways of working

Contributing to the development of industry by helping
people find the right job, allowing them to feel the joy ofworking with vitality, and by bringing out people’s latentpotential through education

Information and Telecommunications
Business

Shaping the way we live through home creation

Creating
the “Ways
We Live”

Shaping convenience, safety, and security

Contributing to society by designing the communities
that are the basis of people’s lives to be more
comfortable, livable, and respectful of the environment
and natural resources

Agricultural Park
Business
Shaping the future

Contributing to the enrichment of society by creating asafe and secure living environment for all through theconvenience provided by the spread of new IT
infrastructure

Supporting the sustainable development of society byconserving the environment and natural resources andproviding the nurturing environment necessary for thegrowth of the children who are our future01

Interview with the President

We will work to create avast array of “ways we live”
based on our concept of co-sourcing.
In a rapidly changing and uncertain business environment, the World Holdings Group works withcustomers as a business partner to solve social issues based on the concept of co-sourcing. We talked toChairman and President Eikichi Iida about the background and purpose of these initiatives, as well as thebusiness strategies for sustainable growth.

Eikichi Iida

FY12/2023 (1H):
Overview of Business Activities
In the first half of FY12/2023, the economy and society
hastened their return to normality as the prolonged
turmoil from the COVID-19 pandemic subsided,bringing with it a moderate recovery trend. However,the future remained uncertain due to the impact of the
global economic slowdown, in addition to the soaring
prices of resources and raw materials, labor shortages,
and rising living costs brought about by inflation.
Although there was a temporary drop in profit in
FY12/2023 due to our plan to focus heavily on our corebusinesses in the second half of the year, we adapted
well to changes in our portfolio spread across multiple
industries while making appropriate preparations toachieve the plan, resulting in a year-on-year increase in
net sales. The following is an overview of our businessactivities in each segment.

Human Resources andEducation Business 

Chairman and President

Products HR

Although demand for semiconductors, electrical andelectronic components, and machinery-related
products was on a downward trend compared with thesame period in FY12/2022 due to the global economic
slowdown, net sales increased both in terms of theplan and year on year as a result of leveraging ourstrengths across multiple industries with, for example,
the recovery in automotive-related demandcompensating for the slowdown in demand forsmartphone-related products.
In April this year, we welcomed approximately 1,200
new graduates, the largest number ever, and madeupfront investments in securing and training personnel
to strengthen our ability to respond to demand in thesecond half and beyond. As a result, although profits
decreased compared to the same period in
FY12/2022, they were significantly higher than planned.
Additionally, as the semiconductor industry is
02

expected to grow in the future, especially in the Kyushu
region, we have not only strengthened our system forthe future of the Japanese manufacturing industry, forexample by establishing a system to develop up to
1,000 personnel for the semiconductor industry, but
we have also invested in digital transformations to
reduce SG&A expenses and improve back-officeproductivity.

Human Resources andEducation Business Service HR

Although profits fell due to a reactionary drop following
the end of special demand projects, such as large
projects related to government-related and vaccination
venues in the first half of FY12/2022, net sales
exceeded those in the first half of FY12/2022 thanks to
the opening of new sites in the mainstay logistics field
and a recovery in demand in the customer service andsales, and tourism fields, with the pandemic coming toan end. In addition, the Group actively promoted newInformation andTelecommunications Businessinitiatives during the first half, including the launch of
new businesses, such as our Staffing Order andManagement Agency Service utilizing the expertise
gained in the logistics field, leading to a businessalliance with Yamato Holdings Co., Ltd. (more on
this later).

went up resulting in both net sales and profits
exceeding the plan.
As this business involves vast areas of land, we havestarted to take steps to use natural energy, forexample, by using solar panels and storage battery
equipment, in an effort to protect the naturalenvironment and global resources. We will continue tomaintain our large forest reserves and consider new
initiatives to address climate change and global
resource conservation.

Profit fell year on year and against the plan due to adecrease in commission revenue following revisions tofees charged by each telecoms carrier and a fall in theunit price per user owing to a drop in mobile phoneservice rates. While the mobile phone sales agency
industry surrounding this business is undergoing aperiod of major change, we will transform our businessmodel centered on superior stores rooted in the local
community in an attempt to improve our presence as abase for solving problems in the region and for
regrowth.

Real Estate Business
As real estate prices continue to remain high, we
continue to develop our business in a cautious manner.
Although net sales fell short of both the plan and thesame period of FY12/2022, segment profit significantly
exceeded the plan as a result of the sale and handoverof land for business use at the best time to sell.
The majority of properties sold in the first half of
FY12/2023 are scheduled for handover in the second
half, but despite this, both sales and handovers arealmost as planned. In terms of acquisitions, we are
steadily securing properties that will lead to the next
fiscal year and beyond while minimizing risks by making
full use of our strengths in real estate M&A andcommercial land development know-how.

Evolving co-sourcing, theCompany’s concept since its
founding

Agricultural Park BusinessIn addition to the downward pressure on profits due toan increase in SG&A expenses such as soaring
electricity prices, the number of park visitors slowed
due to the bad weather in May, the busiest season of
the year. However, following various initiatives, thenumber of visitors increased and customer spending

Efforts to solve problems throughco-sourcing
Co-sourcing is not just a temporary approach toproviding labor, but a way of working together withFinancial Highlights (FY12/2023 1H and full-year forecast)
Net sales

Operating profit¥90,461million YoY 4.9%

¥3,685 million YoY 20.4%

Ordinary profit

Profit attributable toowners of parent¥3,645 million YoY 23.1%¥2,013 million YoY 21.0%

9,916

9,453

201,354

70,84465,047

FY12/2020(1H)

FY12/2021(1H)

86,20890,461

FY12/2022(1H)

FY12/2023
(1H)

6,045
4,629
2,773

FY12/2023(full-year forecast)

FY12/2020
(1H)

2,452

FY12/2021(1H)

FY12/2022
(1H)

4,740

3,685

FY12/2023
FY12/2023(1H)(full-year forecast)

03

2,872

2,621

FY12/2020(1H)

FY12/2021(1H)

FY12/2022
(1H)

3,645

FY12/2023
FY12/2023(1H)(full-year forecast)

2,497

FY12/2020
(1H)

1,891

FY12/2021
(1H)

2,549

FY12/2022
(1H)

2,013

FY12/2023
FY12/2023(1H)(full-year forecast)customers to solve their problems as a true business
partner. Based on this co-sourcing concept, the Group
has strengthened its outsourcing business. Our aim is
to solve customer problems and improve profits, not by
the amount of staffing we provide, but by enhancing
the quality of the labor we provide through better
productivity and human resource development. The
reason why the Group refers to the human resourcesbusiness as the human resources and education
business is because of our strong desire to develop
human resources who are indispensable for cosourcing. By developing human resources, every
employee can find a “way to live” that leads to greater
motivation and engagement at work.
We are also working to solve customers’ problems
and boost employment by expanding the scope of ouroutsourcing business, and by focusing on the rollout ofa consortium model in which the Group undertakes
outsourced work to promote work in collaboration withlocal staffing agencies and subcontractors.
Furthermore, we are promoting collaboration withleading companies in other industries with the aim oftransforming the industry. Specific examples include
JW Solution Co., Ltd., a joint investment with the JTB
Group to address the shortage of human resources inthe tourism industry, especially hotels and otheraccommodation, and Toho World Corporation, a joint
investment with Toho Titanium Co., Ltd. to address theshortage of human resources and successors in thematerials industry.
In July 2023, we announced a business alliance with
Yamato Holdings Co., Ltd., a major logistics company,
and the acquisition of shares in Yamato Staff Supply
Co., Ltd. Through collaboration with the Yamato
Holdings Group, we aim to create even more “ways welive” by combining their know-how in logistics
operations with the Group’s know-how in humanresource services (for details of this initiative, please see
the Topics section on page 7).

Message to Our Stakeholders
Tensions abound around the world due to the
protracted Russia-Ukraine war and the global
economic slowdown. Although the future remains
uncertain, we were able to celebrate our 30th
anniversary in February 2023 with your support, and forthat I am extremely grateful.
In Japan, the working population continues todecline. Additionally, the logistics industry, for example,
is faced with a hugely pressing issue, the so-called
2024 problem, which will see a shortage of truck
drivers. To solve these problems, as an expert inhuman resource services, we will encourage work stylereform, bringing with it greater range and depth to thework people can do and thereby enhancing the valueof their workers. From this, I am confident that the big
industry issues will be overcome.
It is precisely because society needs it that we willtake on this challenge head-on. Maintaining this stance,
we will further focus on our mission since our founding:to provide a place where all people can work. If it is notpossible for the Group to do this alone, I believe we will
be able to create more diverse workplaces by working
with partners who aim to solve issues in various
industries.
I look forward to your continued support for theGroup in our aim to bring sustainable development tosociety and happiness to people through our businessactivities.

FY12/2023 (1H) Overview of Consolidated Financial Results
FY12/2022 (1H)
Actual (¥ million)

Human Resources
and Education
Business
Real EstateBusiness
Information andTelecommunications
Business
Agricultural Park
Business

Total

Segment sales

61,855

Segment profit

2,597

Segment sales

17,551

Segment profit

1,587

Segment sales

4,594

Segment profit

76

Segment sales

2,207

Segment profit

184

Segment sales

86,208183

Elimination or corporate
Operating profit

04

4,629

Profit margin (%)

FY12/2023 (1H)
Actual (¥ million)

Profit margin (%)

69,370
4.2

2,476

3.7

(30.4)

409

29.2(17.2)

(919)

(6.0)

(20.4)

646

104.5

(9.3)

69

1.7

(79.9)(33)(68.4)

8.7

98

4.3

(33.5)

15

14.7

90,461

4.9

1,725

1.9

475

159.5

140

42.0

(20.4)

1,178

47.0

1,807

2.6

1,264

8.7

4,165
1.7

15

0.4

2,398
8.4

5.4

Difference (¥ million) Change rate (%)

12.2

14,5269.0

FY12/2023 (1H) vs. planYoY (%)

122

3,685

5.1

4.1

Business Segment Overview

Business
Overview¥69,370

After-sales
services

Manufacturing

Logistics

Tourisme-Commerce

Tourism industry

Customer
serviceand sales
Retail/Department
storesBroad coverage from upstream to downstream
in the manufacturing domain

Cutting-edge development in specialized
fields in the service domain

Segment profit

YoY

millionvs. plan+12.2% +3.7%
Net sales
Manufacturing
R&D

Products
HR

10.3%

10.5%
20.4%

20.6%

FY12/2022
(1H)

1,901

3-month average (People)

1,650

FY12/2023(1H)

Segment profit

Logistics
Customer service and sales
Tourism/BPO-related

ServiceHR

20,651

Manufacturing

21,424

Engineering

17,188 1,577
2,517
13,322

FY12/2022(1H)

FY12/2023 (1H) Overview• While orders for semiconductors, electrical and electronic
components, machinery, and other products decreased,sales and profits exceeded the plan thanks to our efforts
in a variety of industries, such as the automotive industry.

Composition of temporary
placement workforce

69.1%

FY12/2023(1H)

vs. plan-30.4% +29.2%

1,350

Net sales%

millionSegment profit

41,203

69.1%

Sales composition¥1,807

YoY

Engineering

47,946

72.7

Service HR

Design anddevelopment

We provide human resources services including outsourcing and temporary
staffing capabilities that offer broad coverage extending from upstream todownstream processes in the manufacturing sector, including research,
design, and production, as well as the services sector including logistics,
tourism, and customer service and sales. 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.

Net sales

Service Domain

Products HR

R&D

Human Resources andEducation Business

Manufacturing Domain

FY12/2022
(1H)

R&D

20,151

Products
HR• The stock acquisition of Nippon Gijutsu Center Co., Ltd.
was successfully completed. Going forward, we willleverage the company’s strengths to bolster ouroutsourcing and reinforce our position in the technology
field centering on the Kansai region.

3,493

15,081

FY12/2023(1H)

Composition of temporary
placement workforce
3-month average (People)
Logistics
Customer service and sales
Tourism/BPO-related
Consortium

695

11.4%

12.7%

17,263

16,802

25.0%

26.0%

5,547

5,417

63.6%

61.3%

156

2,549
3,417

1,559
3,902

5,750

5,924

FY12/2022(1H)

FY12/2023(1H)

FY12/2023(1H)

FY12/2022(1H)

FY12/2023(1H)

FY12/2022(1H)

05• In addition to hiring a record number of new graduates,
we invested in training and securing personnel to handle
orders expected in the second half and beyond.

ServiceHR• ‌Although special demand projects were completed in thefirst half of the previous year, preparations were made forthe second half of the year, including opening new sites
in the logistics field and responding to increased demandin the fields of customer service and sales, and tourism.
• ‌Utilizing the human resources management andrecruitment agency order management expertise
cultivated through the outsourcing and consortium
frameworks in the logistics field, investment was actively
made in connecting to new businesses such as thedispatch and management service.

Information and Telecommunications
Business

Real Estate BusinessBusiness
Overview

This comprehensive real estate business encompasses
real estate development, renovations, prefabricatedhouses, and other activities directly related to properties,
and focuses on the recently started real estate financebusiness.

Net sales

Segment profit¥14,526¥1,264

YoY

millionvs. plan-17.2% -6.0%

Net sales
YoY

millionBusiness
Overview¥4,165vs. plan-20.4% +104.5%

Sales
composition

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

4.6%

Segment profit
vs. plan

YoY

million-9.3% +1.7%

¥15

YoY

million-79.9%

vs. plan-68.4%

FY12/2023 (1H) Overview

Net sales

Segment profit

Development
Renovations
Prefabricated homes

Sales composition

16.1

17,551

5.6%

26.6%

%

14,526

Sales and profit were down due to a decrease in commission revenue following revisions to the requirements
for fees charged by each telecoms carrier and a fall in the unit price per user owing to a drop in mobile phoneservice rates. We will combine our expertise in problem solving in the corporate solutions business with ourmobile phone stores aimed at individuals to bolster our presence as a place in the region where problems canbe solved.

1,587
1,264

8.6%

35.1%
67.7%

Agricultural Park
Business

56.2%

FY12/2022(1H)

FY12/2023(1H)

FY12/2022(1H)

FY12/2023(1H)

FY12/2023 (1H) Overview

Business
Overview

While real estate prices remained at a high level and we continued to develop our business cautiously, we
seized the best time to sell and hand over land for business use, and as a result, profits in particular exceeded
our plan. Completions of the majority of properties, including condominium units, are concentrated in thesecond half of the year, but both sales and handovers are progressing smoothly as planned.

2.7%

We manage and operate 15 nature-richagricultural parks throughout Japan.

Net sales¥2,398

Sales
composition

Segment profit
YoY

millionvs. plan+8.7% +4.3%

¥122

YoY

millionvs. plan-33.5% +14.7%

FY12/2023 (1H) Overview
In addition to increased SG&A expenses, mainly from soaring electricity
prices, which pushed down profits, the number of park visitors slowed
due to bad weather during Golden Week, the busiest season of theyear. However, following various initiatives, both sales and profit were
better than planned thanks to higher customer spending.
Residential Aoba Hirosegawa

Residential Ikebukuro Honcho

BIZIA Kokura(scheduled to be completed in 2024)

Management of the Osaka Garden of Floral Culture (our 15th location) began in April.

06

Topics
Topic

Human Resources andEducation Business1

Announcement of Strategic Business
Alliance with Yamato Holdings
World Holdings president (left)
and Yamato Holdings president,
Yutaka Nagao (right), shaking
hands at the press conference

At a press conference held on July 27, 2023, we announced a strategic
business alliance with Yamato Holdings Co., Ltd., and the acquisition ofshares in Yamato Staff Supply Co., Ltd.
With our core human resources and education business, we have beenworking in a wide range of human resource businesses covering sectors
ranging from manufacturing to services. In particular, in the logistics field
engaged in by World Staffing Co., Ltd., our core operating company in theservice domain, we have strengths in our all-in-one outsourcing service forlogistics warehouses using a consortium model that goes beyond thenormal scope of a human resources business.
As part of the social infrastructure, Yamato Holdings is working to reform
its business structure with the aim of expanding the value it provides in an
end-to-end supply chain in order to achieve sustainable business growththrough its contribution to “enriching our society.”
The environment surrounding the logistics industry in Japan isTopicundergoing various shifts, including changes in consumption behavior anddistribution structure, such as the expansion of e-commerce, a decline in
the working population, and more diverse work styles. Under thesecircumstances, we will make further effective use of management
resources through our business alliance with Yamato Holdings to maintainrevenue opportunities and secure future competitiveness.
As part of the business alliance, Yamato Staff Supply Co. Ltd., which
operates the human resources business at Yamato Holdings, will become aconsolidated subsidiary of World Holdings (World Staffing acquired 51% of
outstanding shares). Utilizing World Holding’s expertise in human resourcesmanagement in a wide range of sectors and occupations will create
opportunities for more people to play a greater role in society.

2

Nippon Gijutsu Center Joins the Group
Gijutsu Center to further expand its business while at the same timestrengthen our core human resources and education business, particularly
technical services in the products HR business. And we are confident thatthe acquisition will also strengthen our presence in Western Japan.
Going forward, we will ensure that people working at Nippon Gijutsu
Center will be able to fully demonstrate their skills and experience, play anactive role, and contribute to the further development of the manufacturingindustry in Japan.

With a history going back 55 years, Nippon Gijutsu Center Co., Ltd. has alarge staff of engineers specializing in advanced machinery design andoperates a staffing service for major companies in the manufacturing andtechnology sectors. Nippon Gijutsu Center also provides an outsourcing
service in technical areas such as machinery, electrics, electronics, andsoftware, with a particularly strong presence in the Kansai region.
Our acquisition of Nippon Gijutsu Center will create synergies in various
areas. For example, our know-how and business network will help Nippon
07

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

137,371

Notes and accounts
receivable–trade
Real estate forsale in process
Property, plant andequipment
Intangible assets
Investments andother assets

Cash andcash equivalents at
beginning of period

Non-current liabilities

137,371

35,091

Cash and deposits

18,809Notes and accounts
receivable–trade

19,33343,099Real estate forsale in process

49,405108,257

117,115

6,032

6,135

4,252

Intangible assets

8,528

5,049

Investments andother assets

5,592

15,333

20,256

Dec. 31, 2022

June 30, 2023

Consolidated Statement of Income

32,53359,46732,533

Property, plant andequipment

Cash andcash equivalents at
end of quarter

35,078

123,591

123,591
Cash and deposits(¥ million)

55,489Cash flows
fromoperatingactivities

40,16030,90537,19537,743

Dec. 31, 2022

June 30, 2023

-9,530Cash flowsfrominvestingactivities

Cash flowsfromfinancing
activities-5,365

12,315

FY12/2023 (1H)(¥ million)

Net sales

90,461

Net sales

86,208Operatingprofit4,629

Ordinary
profitOperatingprofit

4,740

3,685
Profitattributable toowners ofparent2,549

Non-operating
income142

Ordinary
profitExtraordinary
incomeExtraordinary
lossesProfitbefore income
taxes

3,645

̶

1

3,644
Profitattributable toowners ofparentNon-operating
expenses

Cost of sales

74,675

182

2,013

SG&A
expenses

12,100Total
income taxes

1,578

Profitattributable tonon-controllinginterests

53
FY12/2022 (1H)

FY12/2023 (1H)08

Sustainability

Sustainability Initiatives
Material Issues

Value Creation

PurposeReal Estate• Create many jobs to contribute to the sustainable development of society• Bring out people’s latent potential through human resources development
and high-quality education to create job satisfaction for individuals, andlead to economic growth of society as a whole

Shaping ways of working
Contributing to the development of industry by helping
people find the right job, allowing them to feel the joy ofworking with vitality, and by bringing out people’s latentpotential through education• Support the world's manufacturing and service industries in terms ofhuman resources and create a foundation for technological innovation bycultivating outstanding human resources

Business
Revitalization

Agricultural Park

Information andTelecommunications

Real Estate• Create workplaces where everyone can play an active role, regardless ofgender

Shaping the way
we live through home creation• Develop communities where all people can live with peace of mind byproviding comfortable living facilities

Contributing to society by designing the communities thatare the basis of people’s lives to be more comfortable,
livable, and respectful of the environment and natural
resources• Protect the natural environment and conserve the earth's resources tocreate communities in harmony with the region• Promote sustainable land development to help protect local environments

Shaping convenience, safety, and security• Create a foundation for technological innovation and promote safe andsecure community development by making accessible equipment suchas IT infrastructure more widespread in the world

Contributing to the enrichment of society by creating a safe
and secure living environment for all through the convenience
provided by the spread of new IT infrastructure

Shaping the future• Protect nature and conserve the earth's resources to maintain anenvironment where children of the future can grow up in good healthSupporting the sustainable development of society byconserving the environment and natural resources andproviding the nurturing environment necessary for the growthof the children who are our future• Find ways to create renewable energy by using large areas of land to help
tackle climate change and protect the earth’s resources• Avoid bankruptcy and liquidation to protect the Company, employees,
and families

Shaping the way
we revitalize businesses• Increase added value through business revitalization, creating a good
employment environment to contribute to economic growth, and realize
the notion of responsible production and consumption

Contributing to society by protecting the Company throughbusiness revitalization and creating an employment
environment through higher added value• Give entrepreneurs a sense of security and opportunities to try again if
not successful

09

Contribute tohappiness and asustainable
society throughthe creation of avariety of“ways we live”
worldwide

History / Major Affiliated Companies
We celebrated our 30th
anniversary in February 2023

2 December 2005

1 February 1993
World Intec Co., Ltd. founded(now World Holdings Co., Ltd.)Started the Information andTelecommunications BusinessStarted the Human Resources
and Education Business

Even before the introduction of smartphones,
started the business predicting that
information and communication devices
would enrich peopleʼs lives and become an
indispensable tool.

Focused on the human resources industry,
which was not very developed at the time.
Started the business with the aim of revitalizing
the competitiveness of the Japanesemanufacturing industry through humanresources development and job creation.

Net sales

February 2005

Operating profit(¥ billion)

Listed on the JASDAQ
Securities Exchange

1

2

34.8
0.9
2006/123 April 2010

4 February 2017

Started the Real Estate BusinessStarted the Agricultural Park BusinessStarted a full-scale real estate business totake advantage of opportunities created by
the big decline in the number of real estatecompanies in Japan caused by the global
ﬁnancial crisis.

Started the Agricultural Park Business toprotect the natural environment and create
places to nurture children̶the future
generation.

April 2022
March 2016

June 2016

Listed on the Second Sectionof the Tokyo Stock Exchange

Moved up to the First Sectionof the Tokyo Stock Exchange

Globalfinancial crisis
48.7

1.3

1.0

2007/12

2008/123Company name changed toWorld Holdings Co., Ltd., shifting to aholding company structure

29.0

32.1

37.8

0.3

0.3

0.5

2009/122010/122011/12

4
7.4

July 2014

46.4

February 2023

World Holdings Co., Ltd. has expanded its business based on accurate judgments aligned with social conditions and people’s needs. At
present, we have achieved a stable management structure in four business areas: Human Resources and Education, Real Estate,
Information and Telecommunications, and Agricultural Park. The heart of each business is always the “ways we live.” We aim to create asociety where all people involved in our businesses can live, play an active role, and thrive in various fields.

53.0
1.2
2012/12

56.4

87.9
68.8

127.1
7.0

94.3

142.8

Transitioned to the Prime Market of
the Tokyo Stock Exchange

183.6

154.7

8.9

136.3

9.9

7.4

6.2

7.3

5.1

143.5

201.3

4.7

3.7

2.1
2013/12

2014/122015/122016/122017/122018/122019/122020/122021/122022/122023/12(forecast)

Major Affiliated Companies: 49 (40 Consolidated Subsidiaries, 9 Non-Consolidated Subsidiaries) (As of August 1, 2023)
Human Resources and Education Business

Shaping ways of working

Real Estate Business

Shaping the way we live through home creation

convenience,
Information and Telecommunications Business Shaping
safety, and security

Products HR

Service HR

Agricultural Park Business
Finance-related

10

Shaping the futureCorporate Data (As of June 30, 2023)

Stock Information (As of June 30, 2023)

Treasuryshares0.64%
Foreignentities,
etc.
21.17%Name

World Holdings Co., Ltd.

EstablishedFebruary 12, 1993

Number of authorized shares: 54,000,000

Share capital¥1,327 million (As of June 30, 2023)

Number of shares outstanding: 17,657,300

Representative

Eikichi Iida, Chairman and President

Number of shareholders: 2,792

Number of employees

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

LocationsTokyo 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 related to the entire Group including the formulation ofmanagement policies for the holding company and Group companies
as well as management of the Group’s business operations (Human
Resources and Education Business, Real Estate Business,
Information and Telecommunications Business, and Agricultural Park
Business)

Businesses

Shareholder
Composition

Major Shareholders
Name of shareholder

Financial
institutions
16.38%
Financial
instruments
firms
1.04%

Other entities
45.27%

37,355 (consolidated)Fukuoka Head Office:
6F, Fukuoka Asahi Building, 2-1-1 Hakata Ekimae, Hakata-ku,
Fukuoka-shi, Fukuoka 812-0011, Japan
Phone: +81-92-474-0555 Fax: +81-92-474-0777

Individuals/
others
15.49%

Number of shares held

Shareholding ratio

Mirai Research Institute, Limited

7,965,000

45.41

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

1,175,600

6.70

BBH FOR FIDELITY LOW-PRICED STOCK FUND (PRINCIPAL ALL SECTOR SUBPORTFOLIO)
Standing proxy: MUFG Bank, Ltd.

1,127,738

6.42

BNP PARIBAS LUXEMBOURG / 2S / JASDEC / FIM / LUXEMBOURG FUNDS / UCITS ASSETS
Standing proxy: The Hong Kong and Shanghai Banking Corporation Limited, Tokyo Branch

750,000

4.27

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

709,200

4.04

Nanko Abe

500,000

2.85

Eikichi Iida

496,500

2.83

Custody Bank of Japan, Ltd. (Trust Account)

366,500

2.08

THE NISHI-NIPPON CITY BANK, LTD.

300,000

1.71

MUFG Bank, Ltd.

180,000

1.02

Note: The shareholding ratio is calculated after deducting treasury shares (113,631 shares).

Executives(As of August 1, 2023)

Memorandum for Shareholders

Eikichi Iida

Ichiro Ohno

Yoshihiko Mimasu

Chairman and President

Director (Outside)

Executive Officer

Toru Iwasaki

Yuichi Hasegawa

Yuji Takai

Business year

January 1 to December 31

Director

Director (Outside, Independent)

Executive Officer

Hitoshi Yukawa

Kazuyoshi Kimura

Tomoharu Hamachi

Annual General Meeting of
Shareholders

March

Director

Director (Outside, Independent)

Executive Officer

Shigeru Nakano

Shingo Igarashi

Akira Soejima

Director

Director (Outside, Independent)

Executive Officer

Mitsubishi UFJ Trust and Banking Corporation

Shinji Honda

Sadaharu Tezuka

Hiroshi Kudo

Shareholder registry andspecial accountadministrator

Director

Director (Outside, Independent)

Executive Officer

Katsuhiro Kuriyama

Kazumi Ono

Shuji Iwaihara

Director

Director (Outside, Independent)

Executive Officer

Masaaki Shiomi

Kazuyuki Yamamura

Ichiro Okamoto

Director

Audit and Supervisory Board Member (Full-time)

Executive Officer

Yuji Shirakawa

Mitsuo Koga

Hiroshi Yamazaki

Director (Outside)

Audit and Supervisory Board Member (Outside)

Executive Officer

Soichi Kawamoto

Tetsuo Kato

Director (Outside)

Audit and Supervisory Board Member (Outside)

Securities Agency Division, Mitsubishi UFJ Trust and Banking Corporation
1-1 Nikko-cho, Fuchu-shi, Tokyo, Japan

Address

Phone: 0120-232-711 (toll-free in Japan)
Mailing address: Securities Agency Division, Mitsubishi UFJ Trust and Banking
Corporation, P.O. Box 29, Shin-Tokyo Post Office, 137-8081, Japan

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 whenelectronic notifications are not possible for unavoidable reasons.