FY2020 Third Quarter Financial Results
第３四半期

November 9, 2020 (Mon)WORLD HOLDINGS CO., LTD.
First Section of Tokyo Stock Exchange (2429)
Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved0Contents

I. Summary of FY2020 Third Quarter Financial Results
Summary of Financial Results
YoY Overview of Business Results by Segment
Details of Each Segment
Financial Condition B/S

… P3
… P4
… P5
… P14

II. Outlook for the Term Ending Dec. 2020
Impact of COVID-19 and Outlook
FY2020 Business Forecast
FY2020 Full-year Business Forecast by Segment
Shareholder Returns

… P16
… P18
… P19
… P20

III. Appendix
Profile of World Holdings… P21

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1

I. Summary of FY2020 Third Quarter Financial Results

Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved2Summary of Financial Results⚫ Sales and profit dropped year on year, due to COVID-19.
⚫ The impact of COVID-19 will be minimized with the diverse business portfolio, andannual sales and profit are expected to grow. (⇒See slide 15 and following slides).
(Unit: Million yen)

2019/3Q
actual2020/3Q
estimate

2020/3Q
actualAgainst estimate
ChangePct.
ChangeYoY
ChangePct.
ChangeNet sales

101,964

108,736

98,682-10,053-9.2%-3,281-3.2%

Operating income

4,090

3,638

3,283

-355

-9.8%

-807

-19.7%

Ordinary income

4,105

4,191

3,608

-583

-13.9%-497-12.1%Net income attributableto owners of parent

2,659

2,568

3,010

+442

+17.2%

+351

13.2%

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3

YoY Overview of Business Results by Segment

Unit: Million yen

Factory Business

Human
ResourcesandEducation
Business

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

Real EstateBusiness

Real EstateBusiness

Information andTelecommunications
Business

Inform ation andTelecom m unications
Business

Other

OthersTotal

Net sales
Segment income(Profit margin)
Net sales
Segment income(Profit margin)
Net sales
Segment income(Profit margin)
Net sales
Segment income(Profit margin)
Net sales
Segment income(Profit margin)
Net sales
Segment income(Profit margin)
Net sales
Segment income(Profit margin)
Net sales
Segment income(Profit margin)
Net sales
Elimination or corporate

Operating income(Profit margin)

2019/3Q
actual
36,594
1,838(5.0%)
12,581
1,210(9.6%)
5,287
453(8.6%)
2,675-12－
57,1393,489(6.1%)
32,0301,987(6.2%)
9,567
-17
－
3,226
226
(7.0%)
101,964-1,5954,090(4.0%)

2020/3Q
estimate
40,5052,040
13,222
1,148
5,501
511
3,536
-86
62,765
3,614
34,561
1,464
7,991
129
3,416
203
108,736-1,772
3,638

2020/3Q
actual
38,651
1,676(4.3%)
12,6501,387(11.0%)
5,320
604(11.4%)
2,897
21(0.7%)
59,521
3,690(6.2%)
29,9081,418(4.7%)
7,059
284(4.0%)
2,194-279－
98,682-1,8293,283(3.3%)

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Against estimate

YoY

Change Pct. Change-1,853-4.6%-363-17.8%

Change Pct. Change
2,057
5.6%
-161
-8.8%

-572
238

-4.3%
20.8%

68
177

0.5%
14.6%

-180
92

-3.3%
18.0%

32
151

0.6%
33.4%

-638
108

-18.1%
－

222
34

8.3%
－

-3,244
75

-5.2%
2.1%

2,381
200

4.2%
5.8%

-4,653-45-13.5%-3.1%-2,121-569-6.6%-28.6%-932
154-11.7%
119.5%-2,508302-26.2%－-1,222-482-35.8%－-1,032-506-32.0%－-1,053
-57
-355

-9.2%
－
-9.8%

-3,281
-234
-807

-3.2%
－
-19.7%

4

Human Resources and Education Business<Composition ratio of sales and segment income of overall human resources segment>⚫ Affected by COVID-19, but its impact was minimized with the diversity of our businesses,
etc.
⚫ As a result of human resource development, the skills of workers improved and theyshifted up a gear, contributing to profit growth.
⚫ We aim to differentiate our services by offering sectional “seamless” technologies.
Segment income

Sales composition

Up 4.2%(Million yen)

60,00050,00062,765
5.6%

57,139

8.8%

4.7%
9.3%

Down
5.2%

4.9%
8.9%

+8.3％
+0.6％

Up 5.8%(Million yen)

Up 2.1%

4,000

3,489
13.0%

21.1％

40,00059,521

YoY(Based on
monetary
amount)

21.3%

22.0％

+0.5％

3,614

3,690

14.2%

16.4%

3,000
34.7%

31.8%
37.6%

2,000
30,0001,000
20,000

64.5%

64.0％

64.9％

0

10,0000Factory
ファクトリー-1,0002020/3Q

2019/3Q
実績
actualestimate
予算
Techno
テクノ
-logy

R&D
R&D

56.4%

-0.4%

-2.4%

2019/3Q

actual実績
Sales & Marketing
セールス＆マーケティング

52.7%

45.4%

+5.6％

actualFactory

2020/3Q
estimate

Technology

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

0.6%

R&D

actualSales & Marketing5

Human Resources and Education Business<The number of staff members of overall human resources segment>⚫ In the Factory Business, the number of workers increased as orders for semiconductors
and machinery increased backed by the favorable 5G-related businesses and we opened
new distribution centers.
⚫ In the Sales & Marketing Business, the number of staff was unchanged, but got back on
a recovery track due to structural reform.
Variation in the number of staff (3-month average)*(Persons)+975

25,00020,00022,124

21,64520,704
1,513
1,074
2,654

1,543
1,028
2,655

15,000

1,437
1,095

1,514
1,091
2,880

19,887

1,701
1,045
2,634

2,925

10,00015,463

16,266

2019/3Q

2019/1223,09914,661

16,63917,642

2020/2Q

2020/3Q

YoY

-77
+4
+45

+1,0035,000

0Factory

2020/1Q
Technology

R&D

Sales & Marketing

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

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6

Human Resources and Education Business

Factory Business⚫ Due to the U.S.-China trade friction and COVID-19, the number of transactions related to smartphones,
auto parts, etc. decreased, and results fell below the estimates.
⚫ As there is an upward trend of businesses related to semiconductors and machinery, including the 5Grelated businesses, we conducted upfront investment in recruitment.
⚫ We also conducted upfront investment in order to deal with orders from new distribution centers.

Segment income

Sales composition

Up 5.6%(Million yen)

Down 4.6%
40,50540,000

+3.1％
17.3%

2.7%
5.4%
13.1%

20,000

4.2%

2,000

3.3%
5.0%

+28.6％
-2.0％

12.8%
2.8%

+3.3％ 1,500-29.5％

37.6%

+6.8％

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

Down 8.8%

20,000

Down 17.8%

38,651

36,59417.7%

30,000

YoY(Based on (Million yen)monetary
2,500
amount)Variation in the number of staff (3-month average)*

15,464
[274]

2,040
1,838

1,676

17,642[286]
4,848

15,000
4,456

1,085

10,000

1,249

5,000

9,758

1,000
37.1%

10,000

500
21.1%

19.8%

+12.9％

0
2019/3Q
actualElectric & Electronics
Semiconductors
Others0
2020/3Q
estimate
Logistics
Machinery

11,7060
2019/3Q
actualactual2020/3Q
estimate
actualAutomobiles
Environment & Energy*We have not disclosed the sales estimate by segment.

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2019/3Q

2020/3Q

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

7

Human Resources and Education BusinessTechnology Business⚫ Due to COVID-19, the number of transactions fell below the initial estimate, so utilization rate declined
temporarily, and costs augmented.
⚫ Human resource development led to the enhanced performance, and profit exceeded the estimate.
⚫ We concentrated on the recruitment of experienced workers, and implemented new training programsfor brushing up skills of human resources including existing employees and shifting up a gear.

Segment income

Sales composition

Up 0.5%(Million yen)

15,00012,581
12,500

Down 4.3%
13,222
12,650

23.2%

22.3%

-3.2％

8.5%

9.9%

+17.2％

8.3%
4.7%

9.1%
4.7%

+9.8％
-0.2％

21.4%

+14.2％

10,0007,500

Up 14.6%

YoY(Based on (Million yen)monetary
1,400
amount)1,200

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

1,210

Up 20.8%*Parentheses signify the(Persons) number of new employees.

1,387

1,148

1,000

3,000

2,654
[175]

2,500

396

2,925
[180]
511

2,000

800
1,500

1,558
1,538

600

18.9%

5,000

1,000
400

2,500

36.4%

32.6%

-9.9％

0
2019/3Q
actualSemiconductors
Machinery
Construction technology

500

200

estimate

2019/3Q
actualactual856

2019/3Q

2020/3Q002020/3Q

720

2020/3Q
estimate
actualInformation and telecommunications service
Automobiles
Others*We have not disclosed the sales estimate by segment.

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

8

Human Resources and Education Business

R&D Business⚫

Amid COVID-19, the CRO section saw a decrease of transactions, but the research dispatch section witnessed good
performance in the fields of analysis, pharmaceutical products, etc.
As transactions are increasing thanks to fine-tuned marketing, we conducted upfront investment in recruitment.
Since we have a human resource development system based on the joint research laboratories with affiliated colleges,
including the University of Tokyo, Kyoto University, Osaka University, and Tokyo Metropolitan University, the populationfor employment increased.

⚫
⚫

Segment income

Sales composition

Up 0.6%(Million yen)

6,000

5,287
5,000

5,501

5,320

Down 9.3%
3.3% 7.9%

12.1%
7.5％

YoY
(Based on (Million yen)monetary
amount)

3,000

39.7％

+7.7％

2,000
1,000

40.3%

40.7%

-0.5％

0
2019/3Q
actualPharmaceutical/biotechnology604

Up 18.0％-22.3％

511
500

4,000
42.5%

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

Up 33.4%

600
+6.1％

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

1,200

1,074
[96]

1,095
[84]

1,000

82

72

992

1,023

2019/3Q

2020/3Q

453

400

800

300

600

200

400

100

200
0

0
2020/3Q
estimate
ChemicalClinical

2019/3Q
actualactual2020/3Q
estimate

actualCRO (entrusted with DOT)

*We have not disclosed the sales estimate by segment.

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R&D staff

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

9

Human Resources and Education Business

Sales & Marketing Business⚫ Due to COVID-19, apparel-related transactions decreased, but the business of light work, large
supermarkets, call centers, etc. was favorable.
⚫ The profit of this segment turned positive, as recent structural reform made the business profitable.
⚫ The number of staff dropped, due to the decrease of apparel-related transactions.

Segment income

Sales composition

Up 8.3%(Million yen)

4,000

3,536
3,000

Variation in the number of staff (3-month average)*(Million yen)

(Persons)

100

1,750

Down
18.1%

2,897
2,675

1,513

1,437

2019/3Q

2020/3Q

1,500

Turnedpositive

50

1,250

21
1,000

2,000

0
750

-12
1,000

500

-50

250
0
2019/3Q
actual-86-100
2020/3Q
estimate

actual2019/3Q
actual2020/3Q
estimate
actual0*The number of staff is a three-month average.
*Number of staff included only staff members whoare engaged in on-site operation work.

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10Real Estate Business

Real Estate Business⚫ Due to COVID-19, the number of units delivered in the renovation-related field decreased, and thetransactions for commercial premises in the development-related field were postponed.
⚫ For procurement, we remained cautious. On the other hand, in preparation for the rebound of the market
in the next term or later, we set a commitment line for procuring funds flexibly.

Segment income

Sales composition

Down 6.6%(Million yen)

40,00035,00030,00025,00032,03034,561

Down 13.5%

YoY(Based on
monetary
amount)

4.8%
42.4%

2,500

Down 28.6%
2,000

29,9083.9%(Million yen)

1,987

Down 3.1%+16.3％

34.6%-23.8％

3.4%-86.3％

57.2%+73.3％

1,464

1,500

1,418

20,00015,00010,000
5,000

1,000

22.9%

500

30.8%

0

0
2019/3
actual2020/3Q
estimate

actual2019/3
actual2020/3Q
estimate

actualDevelopment-related
Detached houses
Renovation-related
Prefabricated house-related*We have not disclosed the sales and segment income estimate by business segment.

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11

Information and Telecommunications BusinessInformation and Telecommunications Business⚫ Due to COVID-19, the operation of mobile phone shops and corporate solutions has been restricted.
⚫ Through the measures and investment focused on the strengthening of the store business conducteduntil the previous term (such as improvement of organizations and stores, and enhancement of thecapability of attending to customers and knowledge through human resource development), revenue
per store improved and profit dramatically increased.
Segment income

Sales composition

Down 26.2%(Million yen)

10,000

YoY(Based on
monetary
amount)

9,567
9.3%

7,991

8,000

Down
11.7%

6,000

4,000

7,059
9.9%

-21.2％Up 119.5%(Million yen)

300
250

Turnedpositive

200
150

90.7%

284

129

100
90.1%

-26.5％

50

2,000
0
0

-50
2019/3Q
actual2020/3Q
estimate

actual-17
2019/3Q
actual2020/3Q
estimate

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

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12OtherOthers
⚫

As for the agricultural park business, we had to temporarily close parks in response to requests from local governments inthe busiest season from April to May, due to COVID-19, and we refrained from conducting some business activities
around that period. As a result, we suffered significant damage.
However, the forte of outdoor facilities, which are rich with nature unlike normal theme parks, was exerted, and we
implemented appropriate measures for attracting customers. As a result, the number of visiting customers to the parks in
September exceeded that in the previous year considerably, indicating a steady recovery trend.

⚫

Sales composition

3,500
3,000

YoY
(Based on (Million yen)monetary
300
amount)Down 32.0%(Million yen)

3,226

3,416

13.0%

Down
35.8%

2,500

15.1%

(Ten thousand)

Down 41.4%

100

226

200

2,194

2,000

Number of visiting customers

Segment income

82.3

203
80

100
60

-20.3％

48.2

0
1,500

77.5%

40
70.5%

1,000

-37.9

20

-200

500
0

-100

9.5%

2019/3Q
actual

14.4%

+3.2%
-300

2020/3Q
estimate
actualSchool/Web design

Agricultural park

2019/3Q
actual2020/3Q
estimate-279

02019/3Q

2020/3Q

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

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13

Financial Condition B/S⚫ Total assets decreased as a result of the delivery of real estate and careful procurement.
(Million yen)

100,000

Total assets

87,352Current assets

76,42380,00060,00040,00076,92064,960 (-11,960)

Cash and deposits
Real estate for sale
Real estate for sale in process+1,166 million yen-6,974 million yen-4,461 million yen

64,960
Fixed assets

11,462 (+1,031)

20,0000

10,431

11,462End of FY2019

End of FY2020 3Q

Fixed assets

Total liabilities/net assets(Million yen)

100,000

Current assets

87,352
76,42380,00060,00052,790Investment securities

Liabilities

49,243 (-14,164)

Accounts payable-real estateShort-term borrowings
Advances received
Long-term borrowings-804 million yen-2,931 million yen-8,326 million yen-483 million yen

38,99340,000Net assets

10,617

10,24923,944

27,179End of FY2019

End of FY2020 3Q

20,0000
Net asset+1,133 million yen

Fixed liabilities

27,179 (+3,234)

Capital
Capital surplus
Retained earnings+453 million yen+455 million yen+2,144 million yen

Current liabilities

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14II. Outlook for the Term Ending Dec. 2020

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15Impact of COVID-19 and Outlook
ImpactHuman
Resources andEducation
Business⚫ The number of transactions fell below the initial estimate inevery field, so sales did not reach the estimated sales.
⚫ The number of orders declined in the smartphone-related
field, due to COVID-19 and the lingering U.S.-China trade
friction.
⚫ Profit margin declined, as standby employees increased
temporarily and the ratio of workers in service decreased.

Outlook⚫ The ratio of workers in service, which declined temporarily,
will return to normal.
⚫ The businesses related to semiconductors and machinery,
mainly 5G, on which we focused, are healthy, and orders
will increase.
⚫ The distribution-related business is healthy, and we will
open new distribution centers.
Upfront investment will be conducted,
and sales and profit are expected to grow.

Real EstateBusiness⚫ Especially in the renovation-related field, growth becamesluggish, due to the temporary stagnation of the
distribution channel.
⚫ The changes in prices of real estate are still moderate,
so we will be careful when procuring real estate.

⚫ The plans for delivering commercial premises wereconcentrated in 4Q from the beginning, so we will deliver thepremises steadily to accomplish the plans.
⚫ Since the trend of real estate prices is uncertain, we willremain cautious about procurement.
From the next term onward,
we will actively procure real estate at the right timing.

Information andTelecommunications
Business

Other(agriculturalpark)⚫ The operation of mobile phone shops and corporate
solutions was restricted temporarily.

⚫ This business was affected considerably, as we had totemporarily close the parks in response to the request fromeach local government in April and May, which are thebusiest season.

⚫ Through the integration and closure of shops so far, we
reformed the business structure and established a firm
structure for earning profit even if sales do not grow.

⚫ By implementing appropriate measures for reeling incustomers by utilizing the merits of outdoor facilities, weare recovering our business steadily.

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16Topics: Setting a Strategic Commitment Line Agreement
For the purpose of procuring flexible and stable funds
for business expansion
Concluded a commitment line agreement of 10 billion yen in September with the Bankof Fukuoka
3 years from September 30, 2020 to September 30, 2023

Plan to conclude a commitment line agreement of 10 billion yen in December with the
Nishi-Nippon City Bank
3 years from December, 2020 to December, 2023

Secure funds of 20 billion yen from the two banks

To secure funds for proactively conducting:
M&A for expanding the foundation for the Human
Resources and Education Business,timely procurement for the Real Estate Business, etc.
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17

FY2020 Business Forecast⚫ Due to COVID-19, the number of transactions dropped temporarily in the Human
Resources and Education Business and the Real Estate Business compared with theinitial estimate, so we revised the full-year forecast.
⚫ Sales and profit are estimated to grow from the previous term.
⚫ Net income attributable to owners of parent is estimated to reflect the revision ofdeferred tax assets after the sale and merger of subsidiaries.
Results for theterm ended Dec.
2019
Unit: Million yen, %Initial forecast fortheterm ending
Dec. 2020

Revised forecast for theterm ending
Dec. 2020

YoY
ChangePct. Change

Net sales

136,319

159,682

142,558

6,239

4.6

Operating income

4,730

7,851

6,006

1,276

27.0

Ordinary income

4,805

8,338

6,365

1,560

32.5

Net income attributable to

2,956

5,601

5,157

2,200

74.5

175.59332.60119.98

68.3

52.7

99.8

295.57
88.7

36.0

68.3

owners of parent

EPS (yen)
Dividend per share (yen)Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved18

FY2020 Full-year Business Forecast by Segment⚫

The agricultural park-related business in the other segment received a significant negative impact from COVID19, but we will steadily grow the Human Resources and Education Business, which is our mainstay, through thedispersion of risks achieved by multiple businesses and the concentration on growing domains, and steadily
proceed with the delivery of commercial premises in the Real Estate Business. Then, sales and profit are
projected to grow.
Results forthe term ended
Dec. 2019

Unit: Million yen, %Net sales

Total
Segment income
Net sales

Human
ResourcesandEducation
Business

Factory Business
Segment income
Net sales

Technology Business
Segment income
Net sales

R&D Business
Segment income

Sales & Marketing
Business
Real EstateBusiness

Real EstateBusiness

Information andTelecommunications
Business

Inform ation andTelecom m unications
Business

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

Other

OthersSegment income
Net sales

Total

Elimination o r
corporate
Operating income

77,774
5,179
50,001
2,679
16,902
1,761
7,108
711
3,761
27
42,082
1,460
12,34410
4,118
132
136,319-2,052
4,730(Profit margin)(6.7%)(5.4%)(10.4%)(10.0%)(0.7%)(3.5%)(0.1%)(3.2%)(3.5%)

Initial forecast for theterm ending
Dec. 2020

88,3396,006
57,3893,399
18,327
1,913
7,446
753
5,176
-59
56,3694,126
10,644
220
4,330
153
159,682-2,654
7,851

Revised forecast
for the term ending
Dec. 2020

82,6205,451
54,394
2,603
16,998
1,960
7,222
835
4,005
51
47,713
3,369
9,222
237
3,002
△339
142,558-2,711
6,006

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YOY(Profit margin)(6.6%)(4.8%)(11.5%)(11.6%)(1.3%)(7.1%)(2.6%)(―)(4.2%)

Change

4,846
271
4,392
-75
95
199
114
123
244
24
5,630
1,909
-3,121226-1,116
-471
6,239
(―)
1,276

Pct. Change

6.2%
5.2%
8.8%
-2.8%
0.6%
11.3%
1.6%
17.4%
6.5%
88.2%
13.4%
130.8%-25.3%
2067.9%-27.1%
(―)
4.6%
(―)
27.0%

19

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

Dividend per share

100.0

Initial estimate
Results

90.0

88.7
82.7 82.8 83.0

80.0

75.3
68.5

70.0

65.5

63.2

60.0

52.7

50.0

45.7

40.0
30.0

23.7 25.3

20.0
10.0

8.5

8.510.0

2012/122013/12

4.5

14.3

0.0
2014/122015/122016/122017/122018/122019/122020/12(forecast)
The forecast and dividend 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

20

III.

Appendix
Profile of World Holdings

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

Practice of Sustainable Environmental Management
Sound management structure achieved bymultiple businesses
Human Resources andEducation Business

Real Estate BusinessInformation andTelecommunications Business

OthersEstablishment of a business model focused on
the dispersion of risk
Recurringrevenue
business

Diversificationof business
Decentralization

One-timerevenuebusiness

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

22

Main Subsidiaries and Associates
Human Resources andEducation Business

The“Ways We
Live”

Real Estate BusinessConnecting people to jobs
“a new ways of working”

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

WORLD INTEC CO., LTD.

WORLD STAFFING CO., LTD.

WORLD CONSTRUCTION CO., LTD.

WORLD NEXT CO., LTD.

Information andTelecommunications BusinessWORLD ICITY CO., LTD.

WORLD WISTERIA HOMES CO., LTD.

Bring people together through new styles ofcommunications with information
technologies

NICHIMO REAL ESTATE CO., LTD.

COMPAX CO., LTD.

DOT WORLD CO., LTD.

JW SOLUTION CO., LTD.

BEST IT BUSINESS CO., LTD.

OthersWORLD INTEC TAIWAN CO., LTD.

WORLD MIKUNI CO., LTD.

CROWDWEIGHT CO., LTD.

M'S WORLD CO., LTD.

ADVAN CO., LTD

OMACHI WORLD CO., LTD.

New businesses
GEOGRAPHIC INFORMATION OF KYUSHU, INC.
WORLD ASSET MANAGEMENT CO., LTD.

MIRAI SERVICING CO., LTD.

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

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

23

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

2019

Established TOHOWORLD CORPORATION with Toho Titanium Co., Ltd.

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

2016 2017 2018

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

Entry into Financial Business1
1st Sectionof TSE

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

2015

Acquired 100% ownership of FARM CO., LTD.

Became a pure holding
company

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

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

2014

Prefabricated house

Acquired 100% ownership of MIKUNI CO., LTD.

Renovation2013

Development in Kyusyu area

2012

Name changed to WORLD HOLDINGS CO., LTD.

Stock listing

Development in Kansai area

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

Development in Tohoku area

Established WORLD RESIDENTIAL CO., LTD.

2005

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

1997 2002

Entry into Sales & Marketing Business

Establish-ment

Entry into Information and Telecommunications Business

Entry into R&D Business

1993

Entry into Technology Business

Established WORLD INTEC CO., LTD.

1981

Entry into Human Resources and Education Business (Factory Business)

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

History

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

Human Resources andEducation BusinessInformation andTelecommunications Business
Real Estate Business24

Business Performance Trend
New Medium-termManagement Plan 2021

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

COVID-19(100 millions of yen)Created business foundation (early days)
New Medium-term Management Plan 2007 to 2009
Medium-term Management Plan 2010 to 2013

1,600

(100 millions of yen)

90

Listed on 1st section of TSE
1,425

1,428

1,400

1,363

74 1,271
70

Entry into Real Estate Business

1,200

73

Information andTelecommunications
Business

Real EstateBusiness

Bankruptcy of Lehman Brothers

879

938

51

688
564

0
Net sales

Human
ResourcesandEducation
Business

487
378

348

13
9
2006/12

2007/12

21

321

290

200

40

37

530
464

50

47

Entry into Information andTelecommunications
Business
Listed on JASDAQ

600
400

70

60 60

1,000
800

80

2008/12

20

12

10
3

3

2009/122010/1230

105
2011/122012/122013/12

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

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

0Operatingincome25

Human Resources and Education BusinessDomains of the human resources and education segment
We cover a broad range of domains centered around manufacturingwith our seamless services.

R&D

Design/development

Manufacturing

Logistics

Sale

R&D BusinessTechnology Business

Factory Business

Factory Business

Sales &
Marketing Business

After-sales
ServiceTechnology BusinessFor clients

For workers

Our capability of meetingneeds in any field all by
ourselves

A wide range of job vacancies andplenty of opportunities to improve skills
and develop careers

R&D Business
Biotechnology/Chemical
Researcher at CRO

About 1,100

Technology
Business
Design/Development
Engineer

About 2,900

About

Value

Growth potential

Manufacturing/Logistics
Operator

Sales & Marketing
Business
Sales and light work

About 17,600

About 1,400

Factory Business

23,000 workers in service

Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved*As of the end of September 202026

Human Resources and Education Business

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

Skill

Dispatch ofskilledresearchers andengineers

Undertaking

High

Co-sourcing

Dispatch of
teams

Undertaking oflarge-scale
projects

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

Current fields ofcompetition

Team

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

Skill

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

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

Real estate for investment
Development
Newly built
condominiums
Detached houses

We conduct renovation,
rentals, and brokeragebusinesses around
Japan.
BeforeReal estate revitalization
Renovation
Conversion

After

Distribution, brokerage, and property
management(Received Good Design Award in 2015)
Branz Yokohama Bashamichi Residential
Hotel/Condominium<Kanagawa Pref.>Real estate financeCollection of receivables, asset management (REIT, funds)
Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved28

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

Corporate solutions

The largest network of stores in
KyushuCell phone shops in Fukuoka, Saga, Oita,
Kumamoto, Nagasaki, and Okinawa
Prefectures
Softbank Shop
au ShopY! Mobile Shop

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

Air conditioners forbusiness use

LED lighting

Comprehensive cost reduction solutions
Smartphones
Supplies

Computers

38 stores
As of September 2020

Telephone system forbusiness use

Water dispensers

Multifunction
machines

UTM/servers

Internet lines

Call center
Sale of various products
for individuals and corporations

Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved29

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

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

Directly managed

Shinshu-Shiojiri Agricultural Park

Tirolean Forest
Directly managed

Comorebi

Minokamo Rest Area

Ibaraido Forest

Kanzaki Farm Park

Yodel Forest

Kitakyusyu Municipal

Sougou Nouji Center
Chiba Zoological Park

Fureai Dobutsu-no-Sato
Hibikinada

Shiga Agricultural Park

Green Park

Blumen Hugel
Farm

Directly managed

Sakai Greenery Museum

Harvest Hill

Directly managed

Directly managed

Okayama Forest Park

German Forest

Group synergy
Job creation and regional
development

New recurring-revenue businessAma Site Park
Wakayama Castle
Zoological ParkWe also produce andsell homemadesausages,
confectionery, beers,etc.

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

30

The “Ways We Live”

For More Information
No information in this presentation is provided for the purpose of solicitingpurchases or sales of our stock. Furthermore, opinions, forecasts and otherinformation 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 thisinformation at any time without prior notice. We and other providers of thisinformation assume no responsibility whatsoever for any losses incurred inassociation with the information in this presentation.
Copyright © WORLD HOLDINGS CO.,LTD. All Rights Reserved

Norio Nishihara

Public and Investors Relations OfficeWORLD HOLDINGS CO., LTD.
TEL: 03-3433-6005
E-MAIL: irinfo＠world-hd.co.jp
URL: http://www.world-hd.co.jp/31