Business Results
for the Fiscal Year Ended December 31, 2010
February 22, 2011

WORLD INTEC CO., LTD.

ＪＡＳＤＡＱ（２４２９）Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

Table of Contents

1.

Business Results Summary for FY12/10・・・・・・・・・・ ・・・・・・・・・・・ ・・・・・・・・ 3～10

2.

Highlights by Segment (Supplement)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・11～17

3.

Earnings Forecast for FY12/11・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 18～20

4.

Changes in Operating Environment of Human Resources Services・・・・・・・21～28

5.

Strategy for FY12/11・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 29～39

6.

Regarding Our New Business Venture (Real Estate Business Report)・・・・ 40～44

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

2

Business Results Summary for FY12/10

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved3Consolidated Business Results Summary for FY 12/10 (Year-on-Year)Net Sales・Human Resources Services: In addition to demand from existing customers, demand
from next-generation product manufacturers performing well・Information Technology & Telecommunications Services: Smartphone sales doing well

Operating
Income・HR Business: Fortify and expand recruitment and training programs
・New Venture: Impact of startup business

Ordinary
Income・To preserve employment, an increasing number of workers are put on furloughand that led to lower profit

Net Income

・Due to designation as consolidated tax exception

Consolidated(¥ Million)

Net Sales
Operating Income
Operating Margin
Ordinary Income
Ordinary Margin
Net Income
Net Margin

FY12/09
ActualYear-on-Year Change

FY12/10
ActualAmountRatio

29,094

32,109

3,014

10.4%

389

344

△44

-11.5%

1.3%

1.1%

－

－

537

487

△50

-9.3%

1.8%

1.5%

－

－

149

58

△91

-61.0%

0.5%

0.2%

－

－

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved4Consolidated Business Results Summary for FY 12/10 (vs. Forecast)
Net Sales

・ HR Services: Greater than expected order volume generated by manufacturing
temporary placement /contracting and technology oriented placement services
・ Information Technology & Telecommunications Services : Increase in sold products

Operating
Income・ HR Services: Due to order surge in manufacturing temporary placement/contracting
and technology oriented placement services

Ordinary
Income・ Increase due to higher operating income

Net Income

・Increase due to higher operating income

Consolidated(¥ Million)
Net Sales
Operating Income
Operating Margin
Ordinary Income
Ordinary Margin
Net Income
Net Margin

FY12/10
Forecast

Vs. Forecast

FY12/10
ActualAmountRatio

31,70032,109

409

1.3%

280

344

64

23.2%

0.9%

1.1%

－

－

400

487

87

21.9%

1.3%

1.5%

－

－

0

58

58

－

－

0.2%

－

－

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved5Consolidated Net Sales and Operating Margin

Net Sales（¥ Million）

Operating Margin
25.0%

14,00013,107
12,835
12,445 12,230
11,725
11,413
10,984
10,5239,950

12,00010,000

15.0%

8,673
8,526
7,700

8,000

8,644
7,926
7,652
7,887
7,533
7,406
7,194
6,959

6,635
5,969

6,000

5.4%

7.4%

3.8%

2.9%

4,000
2.3%

2.2%

20.0%

5.0%

3.7%

2.2%

2.1%

3.0%

-0.1%

5.0%

3.6%

2.8%

2.0%

1.7%

1.2%

2.9%
1.0%

2,000

10.0%

-2.6%

1.0%

0.0%

-2.0%

0

-5.0%
3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
FY12/05

FY12/06

FY12/07

FY12/08

FY12/09

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

FY12/106

Business Results Summary by Segment (Year-on-Year)
FY12/09
Actual(¥ Million)

Year-on-Year Change
AmountRatio

FY12/10
Actual13,221

14,134

913

6.9%

775

704

△70

△9.1%

5.9%

5.0%

－

－

5,707

5,964

256

4.5%

357

369

12

3.4%

6.3%

6.2%

－

－

1,967

2,082

114

5.8%

137

131

△5

△4.1%

7.0%

6.3%

－

－

Net Sales

996

1,828

831

83.5%

Operating Income

△95

19

114

120.1%

Operating Margin

△9.5%

1.0％

－

－

Information Technology & Net Sales
Telecommunications
Operating Income
Services
Operating Margin

7,200

8,046

845

11.7%

141

165

23

16.6%

2.0%

2.1%

－

－

Net Sales

－

52

52

－

Operating Income

－

△160

△160

－

－

△308%

－

－

Net Sales

29,094

32,109

3,014

10.4%

Elimination

△926

△884

42

－

389

344

△44

△11.5%

1.3%

1.1%

－

－

Manufacturing Temporary Net Sales
Placement/Contracting
Operating Income
Operating Margin

Technology Oriented
Placement

Net Sales
Operating Income
Operating Margin

R&D Placement

Net Sales
Operating Income
Operating Margin

Marketing Sales Services

Real Estate Business

Operating Margin
Total

Operating Income
Operating Margin

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

7

Business Results Summary by Segment (vs. Forecast)
FY12/10
Forecast(¥ Million)

249

1.8%

627

704

77

12.3%

4.5%

5.0%

－

－

5,901

5,964

63

1.1%

328

369

41

12.5%

5.6%

6.2%

－

－

2,092

2,082

△10

△0.5%

128

131

3

2.3%

6.1%

6.3%

－

－

Net Sales

1,766

1,828

62

3.5%

Operating Income

△14

19

33

－

△0.8%

1.0％

－

－

8,004

8,046

42

0.5%

166

165

△1

△0.6%

2.1%

2.1%

－

－

52

52

0

0%

△135

△160

△25

－

△260%

△308%

－

－

Net Sales

31,70032,109409

1.3%

Elimination

△819

△884

△65

－

280

344

64

23.2%

0.9%

1.1%

－

－

Net Sales
Operating Income
Operating Margin
Net Sales
Operating Income
Operating Margin

Marketing Sales Services

Operating Margin
Information Technology &Telecommunications
Services

Net Sales
Operating Income
Operating Margin

Real Estate Business

Net Sales
Operating Income
Operating Margin

Total

Ratio

14,134

Operating Margin

R&D Placement

Amount13,885

Manufacturing Temporary Net Sales
Placement/Contracting
Operating Income

Technology Oriented
Placement

vs. Forecast

FY12/10
ActualOperating Income
Operating Margin

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved8Summary of Consolidated Balance Sheets
FY12/09
ActualConsolidated(¥ Million)
Total assets
Current assets

FY12/10
ActualYear-on-Year
ChangeAmount
3,869
3,755
△419
508 Due to increase in net sales

9,497
7,750
3,582
3,062

13,367
11,505
3,162
3,571

Notes and accounts payable-trade

－
1,105
1,747
662
146
937
4,719
4,196
471

3,829
942
1,861
682
121
1,057
8,523
6,445
496

3,829 Due to launch of real estate business
△162
114
19
△25
120
3,804
2,248
24

Short-term loans payable

907

2,397

1,490 Capital to procure marketable real estate

Accrued expenses

Long-term loans payable

1,806
113
173
725
522
262

2,212
305
195
837
2,077
1,761

406 Due to increase in clients and employees
192
22
112
1,555
1,498 Capital to procure marketable real estate

Provision for retirement benefits

226

278

52

Provision for directors’ retirement benefits

22
10
4,778
697
860
2,719
△100
△23
626
9,497

25
11
4,843
697
860
2,706
△100
△26
706
13,367

3
1
65
0
0
△12
△0
△2
79
3,869

Cash and deposits
Notes and accounts receivable-trade

Inventories
OthersNoncurrent assets
Property, plant and equipment

Intangible assets
Investments and other assets
Total liabilities
Current liabilities

Income taxes payable
Accrued consumption taxes
OthersNoncurrent liabilities

OthersTotal net assets
Capital stock
Capital surplus
Retained earnings
Treasury stock
Valuation and translation adjustments
Minority interests
Total liabilities and net assets

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

9Summary of Consolidated Cash Flows
△361
445
129

△2,863459
116

Year-on-Year
ChangeAmount△2,50214△12

Decrease(increase) in notes and accounts receivable-trade

1,079

△497

△1,577

Decrease (increase) in inventories

2

139

136

Decrease (increase) in real estate for sale－

△3,877△3,877

Increase (decrease) in accrued expenses△1,332

398

Increase (decrease) in accrued consumption taxes
Interest expenses paid
Income taxes paid
OthersCash flows provided by (used in)investing activities
Purchase of property, plant and equipment
Process from sales of investment securities
Purchase of investment securities
Payments of loans receivable
OthersCash flows provided by (used in)financing activities

△361
△24
△482
182
379
△38
311
△2
－
108
△229

21
△21
△78
473
△288
△106
－
△65
△67
△49
2,810

Net increase (decrease) in short-term loans payable

369

1,560

Proceeds from long-term loans payable

400

1,728

Repayment of long-term loans payable
Others
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents beginning of term
Cash and cash equivalents, end of term

△906
△92

△402
△75

3

△1

△5

△206
3,717
3,510

△343
3,510
3,166

△136
△206
△343

Consolidated(¥Million)
Cash flows provided by (used in) operating activities
Income before income taxes
Depreciation and amortization

FY12/09
ActualFY12/10
ActualCopyright © WORLD INTEC CO.,LTD. All Rights Reserved

Due to increase in employees
following net sales growth

Due to launch of real estatebusiness
Due to increase in employees
1,731
following net sales growth
383
3
403
291
△667
△68
△311
△63
△67
△157
3,039
Capital to procure marketable
1,191
real estate
Capital to procure marketable
1,328
real estate
503
17

10

Highlights by Segment (Supplement)

Manufacturing Temporary Placement/Contracting

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

11

Highlights by Segment
Manufacturing Temporary Placement/Contracting• Lead by automobile (68.3%) and semiconductor (40.6%) (YoY change)
Sales Comparison by Services(YoY Change)
Precision Instruments (includes
semiconductors): 40.6% gain
Automotive: 68.3% gain
OthersMedicals
Chemicals
Precision
Machinary

Net Sales Ratio by Services(FY12/10 Actual Results)

OthersMedicals
Chemicals

Precision

Others21.0%

Machinary
Automobiles

mobiles

Chemicals
1.1%

35.4%
Medicals
9.9%

Automobiles

Precision
Electronic

Devices2010.01

Auto-

Electronic
Devicesmachinary
13.8%

Electronic
Devices
18.9%

2010.12
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

12Highlights by Segment
Technology Oriented Placement• Net sales sustained, focus on cost improvement• Recruitment effort bolstered in 4Q, registered workforce expanded▌ After bottoming out in March, workforce size and utility rate rebounding well
▌ Increase in new design and development service contracts as demand for semiconductor

equipment grows; utility rate thus improves with increase in contracts and recruitment from
October onward《Changes in Registered Workforce / Utility Rate》
1400

100%

1300

1200
1100

90%

1000
900

800
700

Jan.

Mar.

Jun.

Dec.

Registered
Workforce

1,197

1,150

1,234

1,289

Utility Rate

97.8%

98.0%

99.0%

99.7%

80%

Jan.

Mar.
Registered Workforce

Jun.

Dec.
Utility Rate

《SI Division》
Increase in public sector contracts created from close coordination with GEOGRAPHICINFORMATION OF KYUSHU, INC. in terms of human resources and engineering expertise
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

13

Highlights by Segment
R&D Placement• Gap created with reliance on specialized placement services (full-time,permanent worker employment)• Strategy to hire new university graduates successful (35 researchers
hired in 2010)▌ Secured new contracts by emphasizing specialized skills▌ Hired 45 new graduates this year and their placement at clients proceeding well
▌ Contract researchers are being promoted to manager positions under an initiative

we developed as part of our engagement strategy, enhancing personal motivation
and rate of retention
Jan.

《Registered Workforce Trend》
100.0%

99.0%
98.0%

Mar.

Jun.

Dec.

Registered
Workforce

327

337

356

366

Utility Rate

98.8%

92.9%

96.3%

95.4%

97.0%
96.0%

95.0%

Meeting of managers

94.0%

93.0%
92.0%

Jan.

Mar.

Jun.

Dec.

Meeting ofengineers
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

14

Highlights by Segment
Information Technology & Telecommunications Services• Maximizing maker rebates from products• Upgrading distributorship strategy▌ Larger than expected maker rebate revenues generated due to robust growth in smart phone sales▌ Profitability improved with end of investment in distributorship network expansion last year andclosing of unprofitable divisions

Increasing Sales

No. 1 in Mobile Phone Sales
in Kyushu
3500¥31mil./month

3000

Increasing Maker
Rebate Revenues

2500

2000

¥20mil./month¥17mil./month

1500

Steady Growth

1000

Expanding ProductLineup500
0Fiscal 2008 Actual

Fiscal 2009 Actual

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

Fiscal 2010 Actual

15

Overseas Operations
HR Services▌ WORLD INTECH TAIWAN CO., LTD.: No. 1 in share among Japanese transplants in manufacturingsector (approx. 700 workers as of December’s end)
▌ WORLD INTEC SHANGHAI CO., LTD.: Human resource placement and consultancy for Japanesecompanies

Procurement Business《Fiscal 2010 Sales of Equipment Parts》▌ Indonesia▌ Singapore《Registered Workforce Trend
in Taiwan》▌ China500

Bolstering and expanding businessby procuring equipment parts for production
plants overseas0
Jun-09Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

Dec-09Jun-10Dec-1016

WORLD INTEC Group of Companies
WORLD INTEC CO., LTD.
《Human Resources》《Procurement》《4 New Subsidiaries in FY12/10》

Factory Contracting Services : Manufacturing Worker
Placement and Outsourced Contracting Services
Technology Oriented Placement Services : Placement ofEngineers
R&D Placement Services : Placement of Researchers
CB Services : Placement of marketing personnel《IT and Telecommunications Services》
・Office Automation Sales
・Call Center Services
・Cellular Phone SalesWORLD RESIDENTIAL CO., LTD.
/ Nichimo Real Estate Co., Ltd.
《Real Estate Operations》
・Housing Sales・Condominium Management
・Real Estate Consultancy・Outside Projects《Human Resource Development Services》
・Manufacturing Worker Placement
・Human resource placement

株式会社アドバン
Advan Co., Ltd.
《Vocational Training and Education》

GEOGRAPHIC INFORMATION OF KYUSHU, INC.

・PC Training Centers, Software Sales
・Website Production《Software development business》
・Sales of map information
・Software development, employment support forthe disabled

VEC CO., LTD.
《Human resources business》
・Placement and outsourced contracting forElectronics and Ecology Corporation

construction industry《Product Repair Services 》《Human Resources Development》

WORLD EXPERTS CO., LTD.
《Human resources and consultancy business》

・Repair Services ・Temp Staff Services
・Outsourced Contracting Services

・General human resource services
・Business consultations
・Training program consultations

12 Consolidated Subsidiariesof the World Intec Group
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

17

Earnings Forecast for FY12/11

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

18

Consolidated Earnings Forecast for FY12/11▌ Emphasize on new business investment in 2011, construct the foundation for 2012

Consolidated(¥ Million)

Net sales
Operating income
Operating income margin
Ordinary income
Ordinary income margin
Net income
Net income margin

Year-on-Year Change

FY12/10
ActualFY12/11
1H Forecast

FY12/112H Forecast

FY12/11FY Forecast

Value

Ratio

32,10918,593

17,50236,095

3,985

12.4%

344

279

160

439

94

27.2%

1.1%

1.5%

0.9%

1.2%

－

－

487

307

158

465

△22

△4.6%

1.5%

1.7%

0.9%

1.3%

－

－

58

178

△128

50

△8

△14.0%

0.2%

1.0%

△0.7%

0.1%

－

－

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

19

Earnings Forecast Summary by Business Segment
FY12/10
Actual(¥ Million)
ManufacturingTemporary
Placement/Contracting

Net Sales

16,488

2,354

16.7%

704

235

532

767

63

8.9%

5.0%

3.0%

6.1%

4.7%

ー

ー

5,964

2,988

3,106

6,094

130

2.2%

369

164

176

340

△29

△7.9%

6.2%

5.5%

5.7%

5.6%

ー

ー

2,082

1,143

1,244

2,386

304

14.6%

131

102

117

219

88

67.2%

6.3%

8.9%

9.4%

9.2%

ー

ー

1,828

1,378

1,019

2,397

569

31.1%

19

112

14

126

107

563.2%

1.0%

8.1%

1.4%

5.2%

ー

ー

8,046

4,036

3,365

7,401

△645

△8.0%

165

120

100

220

55

33.3%

2.1%

3.0%

3.0%

3.0%

ー

ー

52

1,329

０

1,330

1,277

ー

△160

76

△425

△349

△189

ー

△308%

5.7%

ー

△26.3%ーー

Net Sales

32,10918,593

17,50236,095

3,985

12.4%

Elimination

△884

△444

△441

△884

0

―

344

365

73

439

94

27.2%

1.1%

2.0%

0.4%

1.2%

ー

ー

Operating Income

Net Sales
Operating Income

Net Sales

Operating Margin
Net Sales
Operating Income
Operating Margin
Information Technology& Telecommunications
Services

Net Sales
Operating Income
Operating Margin

Real Estate Business

Net Sales
Operating Income
Operating Margin

Total

Year-on-Year Change
Value
Ratio

8,768

Operating Income

Marketing Sales
Services

FY12/11FY Forecast

7,720

Operating Margin
R&D Placement

FY12/112H Forecast

14,134

Operating Margin
Technology Oriented
Placement

FY12/11
1H Forecast

Operating Income
Operating Margin

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved20Changes in Operating Environment of
Human Resources Business

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved21Changes in Operating Environment of Human Resources Business《 Developments in HR Industry 》
2007: Series of compliance violations revealed→No. 1 firm in HR industry goes bankrupt

2008: Collapse of Lehman Brothers→Production levels plummet and client base contract

2009: Change in government and the Worker Dispatch Law
amendment mulled→Uncertainty over possible legal revision spurs client-makers

to accelerate direct hiring temp staff workforce drasticallyreduced2010: Yen appreciates→Production adjustment / production sites transplanted

overseas; HR industry shakeout accelerates

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

22Changes in Operating Environment of Human Resources BusinessChanges in Operating Environment
Total No. of Temporary Workers
4.0 Million in FY08 => 3.02 Million in FY09
No. of Conventional Conversion Temporary Workers（＊1）
2.02 Million in FY08 => 1.57 Million in FY09

《Temp Worker Trend at Manufacturing Sites》
250

Manufacturing category:
550,000 workers => 250,000 workers
Factory oriented market shrinks by 54.5%

200

150

Liberalized category:
470,000 workers => 420,000 workers
R&D and technology market
declines by 10.7%

100

50

Specialized 26 business category:
1 million => 900,000 workers
R&D and technology market
shrinks by 10.0%0
2008
Specialized 26 Business Category

2009
Liberalized Category

Manufacturing Category【Source: February 2011 Report on Temporary Workers Business(Fixed Version), Ministry of Health, Labor and Welfare（＊1）The number of conventional conversion temporary workers isthe sum total of conventionally employed workers, workers in non-conventional manner,
as well as fulltime workers employed by designated placement service companies.

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

23Changes in Operating Environment of Human Resources Business
Regulatory Target of Amended Worker Dispatch Law
Roughly 90,000 manufacturing workers will be affected by revisions to the Worker Dispatch
Law. These workers can avoid regulatory restrictions if they convert to outsourced
contracting contracts or rehired as conventional employees《Projected Number of Temporary Workers Employed under the Company》
Machinery Design（Technology Oriented
Placement）（32,000 workers）

R&D（R&D Placement）(4,000 workers)

32,000 workers

Researchers and engineers
projected only for special placement

4,000 workers

Manufacturing Positions（ManufacturingTemporary
Placement/Contracting）（250,000 workers）

160,000 workers

Liberalized Positions（42,000 workers）

21,000 workers

21,000 workers

Workers Employed Fulltime（217,000 workers）

Non-Fulltime Workers（111,000 workers）

90,000 workers
Workers targeted by Worker
Dispatch Law amendment*Source: The Company’s projections based on February 2011 Report on Temporary Worker Business (Fixed Version)
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved24Changes in Operating Environment of Human Resources Business
Market Size
Market size remains sufficient despite capacity contraction《Existing Base Market of Temporary Workers》

Manufacturing Temporary Placement/Contracting
・・・ Approx. ¥610 billion

Phases in Manufacturing＊ manufacturing temporary placement /temp staff at manufacturing sites onlyTechnology Oriented Placement
・・・Approx. ¥210 billion

Our Share: 2.4%

Our Share: 2.8%

R&D Placement・・・Approx.¥27 billion
Our Share: 7.7%

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved25Changes in Operating Environment of Human Resources BusinessConditions for successExpertise in specific fields and outsourced contracting services lead tocompetitive superiority
1) Strength in Compliance2) Strength in outsourced- Ability to deal with clients
contracting: Requires extensive- Ability to deal with contracted workers
training of competent and- Ability to deal with regulatory agencies
productive workers
Capacity
to provide programs forthrough unified management
managers and build a framework for- Ability to develop new outsourced
carrying out in-house production
contracting expertise
activities on a timely basis

3) Financial strength to invest in
human resources development,
outsourced contracting
expertise
Capacity to finance advanced worker
training programs and implement
outsourced contracting services
at manufacturing sites on demand

Successful track record creates confidence
Even in a shrinking market, winners can gain greater share
Shakeout in outsourcing provider industry to acceleratefrom 2011 and continue to 2013
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved26Changes in Operating Environment of Human Resources BusinessConditions for SuccessCompliance capabilities• Relationship of trust and specialized organization to facilitate unified management
to comply with regulatory agencies•Relationship of trust with Fukuoka Labor Bureau led to the earning of the certificate of compliance with
manufacturing outsourced contracting work code
•Capacity to meet needs of clients and regulatory codes of respective prefectures to facilitate adoptionof outsourced contracting program•Capacity to periodically conform and monitor outsourced contracting worksites to ensure complianceOutsourced contracting capabilities: Extensive training of workers
capable of carrying out production activities• We continue to upgrade an organization to carry out in-house production activities, creating programs
to field-train workers who are capable of managing such sites, enabling us to develop workers from thebottom up who can respond to and resolve issues over the entire manufacturing process, from planningto actual production.

Financial capacity to invest in human capital and outsourced
contracting services required• A sound financial base is needed to actively invest in securing and training core workers to initiate
production site activities on a timely basis, as well as in a variety of capital expenditures

By meeting every criterion to become part of the winning group of
players leads to a greater market share
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved27Changes in Operating Environment of Human Resources BusinessDespite manifold upheavals in our operating environment, our registeredworkforce is undergoing a smooth recovery after bottoming out in fiscal 2009; we
project that our registered workforce will increase by over 2,000 contracted
workers from 2011 to 2012
《 Changes in Our Manufacturing Oriented Registered Workforce 》
10,000

5,000

0
Total

FY12/08

FY12/09

FY12/10

FY12/11 Forecast

FY12/12 Forecast

8,807workers

6,074workers

6,901workers

7,335workers

9,295workers

Copyright © WORLD INTEC CO.,LTD. All Rights Reserved28

Strategy for FY12/11

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

29

The FY12/11-FY12/13 Plan
Our aim is to expand our presence in Asian markets with Kyushu as our operational center
Strive to maintain a balanced service lineup centered on our stock businesses

FY12/11
Human
Resources(stock business)
Existing
Businesses

New
Businesses

FY12/12・Improving profitability (securing
a high level of profits)・Brand building (facilitating
conversion to outsourced
contracting services)

FY12/13
Becoming No. 1
in manufacturingoutsourced
contracting services(Top brand inoutsourced
contracting services)

・Expanding overseas operations(Taiwan and China)

Information technologies
and telecommunications
service (stock business)

・Increase profit
・Broaden service lineup
・Upgrade Local-Level Strategy

Others (stock andflow businesses)

・Creating new services fromexisting businesses

・Expanding overseas
operations

Real Estate(flow business)

・Building brand・Establish property
management unit

・Increase unitavailability

Others (stock andflow businesses)

・Creating new services

・Expanding overseas
operations

No. 1 in the Kyushu
area

Prepare to enter
foreign real estatemarkets

・To expand our operations overseas means to expand markets (our Asia strategy with Kyushu as
our operational center・New services mean to enhance profitability
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

30

Business Strategy《Improving Profitability》
We are committed to improving profitability, aggressive invest where necessary andslash costs to the limit.

Cost
Management• Rein in hiring ofauxiliary personnel• Advertisement• Traveling expenses• Meetings

Productivity• Improve productivity
per worker

ProfitInitial Cost
Management• Restore profitability ofunderperforming
branches• Increase the number ofhigh-yield contracts

Upgrading Manufacturing Management
1.Training Player-Managers ・・・ We aim to further upgrade the training of player-managers whoare primarily experienced in the field of personnel management to also handle manufacturing management

2. Aggressively Recruit Capable Personnel ・・・ We will aggressively hire personnel who are able tocontribute immediately to meet demand from clients looking to launch production on a timely or vertical basis

3.Improving Productivity at Outsourced Contracting Sites ・・・Safety (reducing incidences of work-related
accidents, minor injuries and commuting-related accidents); Productivity (improving utility rate,
productivity per worker); and Quality (reducing work mistakes)
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

31

Business Strategy《Integrated Management Organization by HR Business Unit》《Previous Organization: Management Specific to Service Unit》
ManufacturingTemporary
Placement /Contracting Service

Branch Offices

Branch Offices

R&D Placement
Service

Branch Offices

Technology Oriented
Placement Service

Branch Offices

Branch Offices

Branch Offices《New Organization: Integrated Management by HR Business Unit》
Integrated management of orderinflow, recruitment, registering
workforce, monitoringproductivity, situations requiring
responses, on a daily basis

Management by a common unit
ensures institutionalizing of
information sharing, efficient
coordination and elimination oflost opportunities

HR Business
Unit

Manufacturing
Temp Placement/ Contracting
OfficeR&D Placement
Services Office

Copyright © WORLD INTEC CO.,LTD. All Rights ReservedTechnology
Oriented
Placement
Services Office32

Business Strategy
Initiatives for Business Growth《Target Product Groups that Have a High Demand for Human Resources》
Focus on winning circle of manufacturers by thoroughly examining the
supply chains of major product groups《Targeted Product Groups》
Hybrid Group

Smartphone Group

Solar Power Group• Automotive• Battery and others• Telephone• Liquid crystal andothers• Photovoltaic
panels• Basic materials
and others

Lithium Group• Lithium-Ion
batteries• Materials andothers《Result》

Solar power maker

Registered workforce:
410 employees as ofDecember 2010

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

33

Business Strategy《Brand Building》
Our goal is to create a framework with which we can respond to client needs
in a timely manner through improved profitability, human resources training,
and integrated management organization
Establisha robust financial
foundation
through improved
profitability

Integrated
management
system by humanresourcebusiness unit

Pursuit ofexcellence at
production sites(optimalmanufacturing
management)

Production site
support thatmeets the needsof clients

Brand built on client trust and confidence

Creates customer demand and order increase
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

34

Dominating Locally
Operating Phases of Public Sector Business and Local Superiority《Purpose of Public Sector Business》
Increase transactions with local companies; increase local employment; increase hiring ofengineering oriented college graduates; and increase hiring of engineers who return to theirhome communities or those seeking work in other local communities (U/I Turn Workers)
Merits of public sector business
Main local government issues
Public sector businessto Company and its corethat the Company can support
is domains that lie
businesses on local level

beyond the scope of
local governments

Reviving
local
industries
Human
resources
trainingJobcreation

500 Local
Firms

2,000 Local
Job
Applicants

500 U/I Turn
Workers

100 Local
Educational
Agencies

Contracts from local
governments

Local
government
administration
Attracting
nextgenerationindustries《Fukuoka City / Prefecture》

Employment
for local
companies
Securing
capableworkers
who workoutside thetargeted
prefecture

Our public sector business has enabled us to establish a dominant position in the local business community
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

35

Dominating Locally (Actual Case)《Placement Support》
・Placement support for manufacturing sector
・Placement support courses for young white-collar workers
・Joint placement briefings for specific industries (semiconductor / automotive)《Education Services》
・Human resources development services for manufacturing sector
・Training courses for semiconductor engineers
・Semiconductor company internship courses for university students
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

36

Dominating Locally (Actual Case)《Overseas Marketing Services》
・Study of business coordination demand with Asian companies
・Marketing surveys in Asia
・Study of business coordination demand between Kyushu semiconductor
firm and Asian companies《 Development of Educational Materials 》
・ Teaching materials for auto electronics
・ DVD teaching materials for auto electronics
・ Basic and applied teaching materials human resources
development for semiconductor field (e-Learning)
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved37

Overseas Markets
Human Resources Services (Primarily provide HR consultation services
based on our planning and knowledge base expertise)▌ We aim to become the HR service leader by distinguishing ourselves from our competition by

developing a unique business model based on our proprietary knowhow (which includes planning
expertise, experience and knowledge base) in lieu of major investments for the time being.
Cost

Risk

Profitability

Manufacturing temporary
placement services

High personnel cost

Low

×

EMS / Outsourced
contracting services

Heavy investment
needs

High

△

HR referral service

Low

Low

○

▌ As part of our collaborative business ventures with local Japanese companies and newly emerging

enterprises, provide HR referral services integrated with consultation services

Procurement Business （Aiming for greater growth in next fiscal year,
as well as to further strengthen ties with local Japanese firms）▌ Business Profile: Sales of Equipment Parts▌ Track Record: China, Indonesia, Singapore

Achieve greater growth without resorting to risky moves (currently in progress in suchcountries as Vietnam and Thailand)
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

38

Business Strategy
Foundation Building for 2012 in 2011
▌ Based on our Mid-Term Management Plan released in December 2010, the Company

is prepared to reinforce its foundations to achieve major growth for 2012 in 2011
60,000Net Sales

FY12/11

FY12/12YoY Chg.

FY12/13

5.0%

YoY Chg.
4.5%

Manufacturing Temporary
Placement/Contracting

16,488

Technology Oriented
Placement
R&D Placement

20,80026.2%

22,7009.1% 50,000

6,094

7,000

14.9%

8,200

17.1%

2,800
1,730

17.4%
-27.8%

3,500
1,970

25.0%

Marketing Sales Services

2,386
2,397

Information Technology &Telecommunications Service

7,401

7,500

1.3%

7,800

4.0%

1,330
36,095

11,24751,077745.6%

12,07056,240

7.3%

Real Estate Business

Total
Operating Income
Manufacturing Temporary Placement/Contracting
Technology Oriented Placement
R&D Placement
Marketing Sales Services
Information Technology & Telecommunications Service
Real Estate BusinessElimination

Total

FY12/11

FY12/12

767
340
219
126
220
-349
-884
439

850
455
218
175
260
897
-870
1,985

41.5%

YoY Chg.
10.8%
33.8%
-0.5%
38.9%
18.2%
-357.0%-1.6%
352.2%

FY12/13

1,255
570
280
230
280
710
-890
2,435

4.0%

3.5%

40,0003.0%

13.9%
30,0002.5%
2.0%

20,000

1.5%

10.1%

1.0%

YoY Chg. 10,000

0.5%

47.6%
25.3%

0

28.4%
31.4%
7.7%
-20.8%
2.3%
22.7%

0.0%
FY12/11

FY12/12FY12/13

Manufacturing Temporary
Placement/Contracting

Information Technology &Telecommunications Service

Technology Oriented
Placement

Marketing Sales Services

R&D Placement

Real Estate Business

Operating Margin

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

39Regarding Our New Business Venture(Real Estate Business Report)

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

40Real Estate Business
Why Enter the Real Estate Business?

Foundational
Strengths

FinancialBase

Knowledge
Base

M&A Assets

Needs ofa New Era

• Original
business ofcompany
founder• Accumulated
knowhow• Essentiallydebt-freemanagement• Goodcredibility
among
financial
institutions• Expertise andexperience
gained fromHR services
in strategic
andsuccessful
employmentof people• Leveraging
50 years’ of
Nichimoexpertise• New
opportunities
to create jobs
• Low entryrisks

By contributing to the region in which we are based through such businesses as
housing subdivision, real estate agent and referrals, and real estate consultation
services, we can establish linkages to the creation of new employment
opportunities and HR development services
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

41Real Estate BusinessTokyo Area Projects in Progress▌ The 5 projects now in the works from this year to next are progressing smoothly▌ Additional projects are in the pipeline for launch beyond 2012

Kanamachi,
Katsushika Ward
Minami-Motomachi,
Shinjuku Ward

Nakanobe,
Shinagawa WardOhanajaya,
Katsushika Ward

Monzennaka-Cho,
Koto Ward

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

42Real Estate Business
Flow of Earnings and Expenses
Profit structure remains opaque because expenses will be posted from the inceptionof a project《Example: In the case of 2 billion-yen project requiring 2 years to complete》(¥ Million)

First year

Second year

Total

Ratio

Net Sales

0

2,000

2,000

－

Construction Cost

0

1,500

1,500

75.0%

Marketing/Sales Costs

80

100

180

9.0%

△80

400

320

16.0%

Operating Income

Sales cost posted
at time it is incurred

Generate appropriate profit
on an overall basis
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

43Confidence and Credibility
We are committed to the following three principles to build trust and credibility:

1. We are totally committed to the truth
2. We deliver on every promise we make3. We exert the utmost effort

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

44

Contact Information
WORLD INTEC CO., Ltd.
Akihiko Ohmoto
Corporate Spokesperson

Corporate Management OfficePhone+81-93-533-0540

E-Mailirinfo＠witc.co.jp

URL

http://www.witc.co.jp/

This material contains forward-looking statements on the Company and its
future business performance. The forecasts are developed from a broad baseof information collected and collated by the Company as of the day
the business results are announced. Actual results, however, may differ
materially from those projected. Neither the Company nor provider of theinformation contained herein may be held liable or responsible for any loss
or damages resulting from investment decisions based on the content of
this presentation.
Copyright © WORLD INTEC CO.,LTD. All Rights Reserved

45