Create a Sustainable World.
FY2022 Financial Results
Second Quarter

August 18, 2022 (Thu.)WORLD HOLDINGS CO., LTD.
TSE Prime Market (2429)

CONTENTS

I

II

III

Summary of FY2022
Second Quarter
Financial Results

Outlook for the TermEnding Dec. 2022

Medium-term Management
Plan

P.03

P.19

P.23

IV
Appendix

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

P.29

2

I
4. Summary of Financial Results
5. First Half Performance vs. 2022 Plan
6. Components of Change in Net Sales
7. Components of Change in Operating Profit
8. Overview of Business Results by Segment

9. Overview of Net Sales by Segment
10. Overview of Operating Profit by Segment
11. Changes in Segment Classification
12. Products Human Resources Business

Summary of FY2022
Second Quarter
Financial Results

13. Services Human Resources Business14. Real Estate Business
15. Information and Telecommunications Business

16. Agricultural Park Business17. Financial Condition B/S
18. Cash Flows

Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved3Summary of Financial Results

Overallsummary

Sales and earnings up because of
the strong performance of the
Human Resources and Education
Business

Net sales¥

86.2 billion
Net sales

Operating profit

Real EstateBusiness

Property sales were completed as
Net sales
expected; performance higher thanplanned despite majority of sales/earnings
billion¥expected in 2H as some property sales+67.4% YoY
were moved up to the first half

Agricultural
Park Business61.8 billion¥

A big increase in attendance;
record-high sales/earnings after
joining the World Holdings Group+38.8% YoY
Operating profit

1.5 billion¥+296.5% YoY

Net sales¥

Operating profit

4.5 billion¥¥

70 million-7.1% YoY

-18.1% YoY

Net sales

Operating profit

2.2 billion+60.0% YoY

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

2.5 billion+28.2% YoY

17.5

Fee income down as majorchanges take place in Japan’s
mobile phone shop sector

4.6 billion+88.8% YoYStrong performance in all
categories; received large
orders for projects reflecting
current market trends

Information andTelecommunications
Business¥+32.5% YoY

HumanResourcesandEducation
Business¥

Operating profit¥

0.18 billion- YoY
4First Half Performance vs. 2022 Plan
◼ Sales and earnings were higher than in the first half of 2021.
◼ Sales/earnings higher than planned in the core Human Resources and Education Business as

accurate marketing activities resulted in large orders reflecting current market trends. In the Real
Estate Business, property sales and deliveries were as expected with some closings moved up
from the 2H to the 1H.

▍FY2022 1H Results

1H performance vs. 2022 plan
Progress ratio

YoY

86,208 million (+32.5%)

51.1%

Human Resources
and Education¥61,855 million (+28.2%)

53.0%

Real Estate¥17,551 million (+67.4%)

45.7%

Information andTelecommunications¥4,594 million (-7.1%)

47.1%

AgriculturalPark¥2,207 million (+60.0%)

Net sales

Operating profit
Ordinary profit
Profit attributableto owners of parent

¥

55.8%

4,629 million (+88.8%)¥4,740 million (+80.8%)¥2,549 million (+34.8%)

74.1%

¥

78.3%
66.0%
0%

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

20%

40%

60%

80%

100%

5

Components of Change in Net Sales◼ In the Human Resources and Education Business, sales were strong in the semiconductor,

electronic component, logistics and other sectors; vaccination centers and other sources ofextra demand also contributed to the big increase in sales.
◼ In the Real Estate Business, sales increased as property sales closed as planned.

▍Net sales(Million yen)-0

FY2021 2Q

Human
Resourcesand Education

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

Real Estate

Information
andTelecommunications

AgriculturalPark

Adjustments

FY2022 2Q

6

Components of Change in Operating Profit
In the Human Resources and Education Business, earnings increased because of the ability to handle
large projects and progress with raising productivity, such as by using subcontracting contracts andproviding training.
◼ In the Real Estate Business, closings of sales of high-margin properties contributed to earnings growth.
◼

▍Operating Profit(Million yen)-0

FY2021 2Q

Human
Resourcesand Education

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

Real Estate

Information
andTelecommunications

AgriculturalPark

Adjustments

FY2022 2Q

7

Overview of Business Results by Segment◼

The core Human Resources and Education Business surpassed the plan backed by growth of both theProducts HR and Services HR businesses.
◼ In the Real Estate Business, performance exceeded the plan as some closings of property sales were moved
up from the 2H to the 1H.
◼ In the Agricultural Park Business, performance exceeded the plan as the success of numerous measuresresulted in a larger number of visitors than initially planned.
2021/2Q
actual(Million yen)
Human
ResourcesandEducation
Business
Products Human
Resources
Business
Services Human
Resources
Business

Information andTelecommunications
Business

Agricultural
Park Business

Total

Against estimate

2022/2Q
actualChangeYoY

Pct. Change

ChangePct. Change

Net sales

48,24155,43061,855

6,424

11.6%

13,61328.2%

Segment profit

1,871

839

2,597

1,757

209.3%

725

38.8%

Profit margin

3.9%

1.5%

4.2%

Net sales

32,86437,98041,203

3,223

8.5%

8,338

25.4%

Segment profit

1,468

665

1,901

1,236

185.7%

433

29.5%

Profit margin

4.5%

1.8%

4.6%

Net sales

15,377

17,45020,651

3,201

18.3%

5,274

34.3%

Segment profit

402

174

695

521

299.7%

292

72.7%

Profit margin

2.6%

1.0%

3.4%

10,481

14,693

17,551

2,857

19.4%

7,069

67.4%

400

-480

1,587

2,068

-

1,186

296.5%Net sales
Real EstateBusiness

2022/2Q
estimate

Segment profit
Profit margin

3.8%

-

9.0%

Net sales

4,944

5,148

4,594

-553

-10.8%

-350

-7.1%

-60

-43.9%-16-18.1%

Segment profit

93

137

76

Profit margin

1.9%

2.7%

1.7%

Net sales

1,379

1,991

2,207

216

10.9%

828

60.0%

69

60.3%

279

-

Segment profit

-95

115

184

Profit margin

-

5.8%

8.4%

Net sales
Elimination or
corporate
OperatingprofitProfit margin

65,047

77,264

86,208

8,944

11.6%

21,160

32.5%

181

522

183

-339

-64.9%

1

1.0%

2,452

1,133

4,629

3,495

308.4%

2,177

88.8%

3.8%

1.5%

5.4%

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

8

Overview of Net Sales by Segment◼ Sales in the Human Resources and Education Business were supported by accurate marketing

activities and a larger than planned number of large orders associated with current market
trends.
◼ Sales in the Real Estate Business were strong, including the contribution of some 1H closings ofsales that were planned for the 2H.

▍FY2022 2Q Results
人材教育ビジネス
Human Resources and Education Business
不動産ビジネスReal
Estate BusinessInformation
情報通信ビジネス
and Telecommunications Business+32.5%

77,2642,207

65,047

1,991

4,594

70,000

1,379

5,148

17,55160,000

4,944
10,481

14,69340,00030,00020,00048,24155,43061,855

10,00002022/2Q
estimate

2022/2Q
actualHuman
Resources andEducation
Business

48,24155,43061,855

Real EstateBusiness

10,481

14,693

17,551

Information andTelecommunications
Business

4,944

5,148

4,594

Agricultural
Park Business

1,379

1,991

2,207

65,047

77,264

86,208+11.6％

80,00050,0002021/2Q
actualAgainst estimate

86,208100,000 Agricultural
農業公園ビジネス
Park Business
90,000

YoY

Total
FY20212021/122Q
2Q
actual実績

2022/122Q
FY2022 2Q
estimate
計画

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

2022/122Q
2Q
FY2022
actual実績

9

Overview of Operating Profit by Segment◼ Higher earnings in the Human Resources and Education Business because of the use of

subcontracting and teams, higher productivity due to the DX and other measures, and orders
associated with extra sources of demand◼ Earlier than planned sales of some high-margin properties raised earnings in the Real EstateBusiness.

▍FY2022 2Q Results

YoY+88.8 %

人材教育ビジネス
Human Resources and Education Business
不動産ビジネスReal Estate Business
情報通信ビジネス
Information and Telecommunications Business
5,000 農業公園ビジネス
Agricultural Park Business

3,000+308.4％

4,629
184
76

4,000

1,587

2,452
93

2,000
1,000

400

1,871

-95

-480

0
-1,000

1,133
115
137
839

2021/122Q
2Q
FY2021
actual実績

2022/12
FY2022 2Q
2Q
計画
estimate

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

2021/2Q
actual2022/2Q
estimate

2022/2Q
actual

1,871

839

2,597

400

-480

1,587

Information andTelecommunications
Business

93

137

76

Agricultural
Park Business

-95

115

184

2,452

1,133

4,629

Against estimate

2,597

Human
Resources andEducation
Business
Real EstateBusiness

Total
2022/122Q
FY2022 2Q
実績
actual10Changes in Segment Classification◼

The core Human Resources and Education Business has been divided into the Products and Services
segments with the goal of developing services into another core business alongside manufacturing (products).
◼ The Agricultural Parks Business has become an independent segment to provide a framework forstrengthening this business, which is an environmentally responsible business that plays an important role insociety.

Previous segments

New segments

Human Resources and Education
Factory Staffing
Business

Logistics

Technology Staffing
Business

R&D Staffing
Business
Sales & Marketing
Staffing Business

Human Resources and Education
Products
Human
Resources
Business
Services
Human
Resources
Business• Manufacturing• Technology• R&D• Logistics• Sales directly to customers/
tourism• Call centers/light-duty jobs

Real Estate Business

Real Estate BusinessInformation and Telecommunications
Business

Information and Telecommunications
Business

Other Businesses

Agricultural Park Business

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

11Human Resources
and Education
Business

Products Human Resources Business

Strong performances in the manufacturing, technology and R&D categories because of accurate
marketing activities◼ Semiconductor and electronic components categories remained strong; new orders for large projects
and extensions; manager training, DX and other measures for higher productivity; and a shift to projects
with higher rates◼ Invested in Cloud Staffing as part of measures to establish an industry-standard platform.
◼

▍ Net sales(Million yen)

Manufacturing
Technology
R&D

37,98040,00035,000

YoY

11.8%

25,00020.8%+25.4%+29.5%

Against estimate

Against estimate+8.5%(Million yen)+185.7％

2,000

1,901

41,203
10.5%

20.4%

1,600

▍ Temporary Placement Workforce*3-month average
YoY(Persons)

Manufacturing
Technology
R&D+24.6%

17,1881,350

16,00013,784
1,468

2,517

1,206

12,000

1,400

2,150

1,200
1,000

20,000

8,000

665

800

15,00010,000YoY

1,800

32,86430,000▍ Segment profit

69.1%

13,322
10,427

600

67.4%

4,000

400

5,000

200
0

0

0
2021/2Q
2021/2Q

2022/2Q
2022/2Q
estimate
計画

2022/2Q
2022/2Q
actual
実績

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

2021/2Q
2021/2Q

2022/2Q
2022/2Q
estimate
計画

2022/2Q
2022/2Q
actual実績

2021/2Q
2021/2Q

2022/2Q
2022/2Q
実績
actual12

Human Resources
and Education
Business

Services Human Resources BusinessIn the core logistics category, new locations are performing as planned and activities are continuing to
add more sales and customer service bases in this business sector.
◼ In the light-duty work and customer service categories, orders for large projects were higher thanplanned in the public sector, vaccination center category and other categories.
◼ This business is using the outstanding hospitality skills of new group member Dimples Co., Ltd. tostrengthen staffing for face-to-face sales to customers and capture synergies with existing businesses.
◼

▍Net sales▍ Segment profit
YoY(Million yen)

15,000

YoY+72.7%

Against estimate

Against estimate+18.3％

20,651
20,000*3-month average(Million yen)+34.3%

Logistics
ロジスティクス
コールセンター・軽作業
Callcenters/light-duty jobs
Sales
directly to
接客販売・ツーリズム
customers/tourism▍ Temporary Placement Workforce

15,377 17,450+299.7％

Call centers/light-duty jobs
コールセンター・軽作業
Sales directly to
接客販売・ツーリズム
customers/tourism
Consortium
コンソーシアム

20,000

800
700

1.7%

500

8,000

300
63.6%
70.7%

5,547

5,217

3,745

159
1,918

2,221

5,537

5,750

2021/2Q
2021/2Q

2022/2Q
2022/2Q
actual
実績

174

200

4,000
100

0

0
2021/2Q
2021/2Q

12,831
12,000402

400

10,000+34.5%

16,000
600

16.5%

YoY

17,263

695

19.9%

27.6%

5,000

(Persons)
Logistics
ロジスティクス

2022/2Q
2022/2Q
estimate
計画

2022/2Q
2022/2Q
actual
実績

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

02021/2Q
2021/2Q

2022/2Q
2022/2Q
estimate
計画

2022/2Q
2022/2Q
actual実績

13

Real EstateBusiness

Real Estate Business◼ A solid performance including closings of some sales originally scheduled for the 2H◼ Retaining a cautious stance because prices of real estate are remaining high while making

steady progress with purchasing real estate by utilizing real estate M&A and the creation of sites
for commercial use, which are key strengths of this business.
◼ Sales are in line with the outlook; closings of most major sales are planned for the 2H of 2022.
▍ Net sales▍ Segment profit▍ Real estate for sale

YoY

+67.4%(Million yen)
Developer-related

Against estimate

Renovation-related+19.4％

Prefabricated house-related

5.6%

14,69316,00012,0001,800+18.8%

40,99340,00034,49930,000800

10,000

8.4%

400

8,000

33.4%

200

4,000

Real estate for sale inprocess
Real estate for sale

1,200

600

67.7%

(Million yen)

1,400

10,481

6,000

1,587

1,000
26.6%

14,000+296.5%

1,600

17,551

18,000

YoY

YoY(Million yen)

33,787400

20,000026,82410,000

-200
58.2%

2,000

-400

-480

-600

0
2021/2Q
2021/2Q

2022/2Q
2022/2Q
estimate
計画

2022/2Q
2022/2Q
actual
実績

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

2021/2Q
2021/2Q

2022/2Q
2022/2Q
計画
estimate

7,675

7,206

2021/2Q
2021/2Q

2022/2Q
2022/2Q
actual実績

02022/2Q
2022/2Q
実績
actual14

Information andTelecommunications
Business

Information and Telecommunications Business

Another period of major changes in Japan’s mobile phone shop sector because all carriers are lowering
the cost of service plans and launching new plans solely for internet access. Fee income is decreasing
as rates decline and for other reasons.
◼ To receive benefits as one of the surviving mobile phone shop operators, this business is building a
network of competitive stores with close ties to the areas they serve and creating a powerful portfolio of
businesses.
◼

▍Net sales▍Segment profit
YoY

-7.1%

(Million yen)

(Million yen)

Against estimate
6,000

5,000

-10.8％

4,944

5,148

4,594

160

137

140

-18.1%
Against estimate

120
4,000
100
3,000

YoY

-43.9％

93

76

80
60

2,000

40
1,000
20
0

0

2021/2Q
2021/2Q

2022/2Q
2022/2Q
estimate
計画

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

2022/2Q
2022/2Q
実績
actual2021/2Q
2021/2Q

2022/2Q
2022/2Q
estimate
計画

2022/2Q
2022/2Q
実績
actual15

Agricultural Park
Business

Agricultural Park Business◼ Attendance in February was down YoY due to record-setting cold weather but was higher YoY

in every other month. The number of 2Q visitors was a new all-time high.
◼ In April, this business became the contract manager of Ohashi Kogen International Exchange
Village in the city of Mimasaka in Okayama prefecture.

▍ Net sales▍ Segment profit

YoY

YoY

Returned to profit+60.0%

Against estimate

Against estimate+60.3％(Million yen)

184
1,991
1,991

2,000

1,500

2,207
2,207
150

(Ten thousand)

FY2021

FY202216
14

115

Includes pandemic
subsidy income
1,379
1,379

*Total of direct managed facilities

18+10.9％
2,500▍Number of visiting customers

12
10

50
8

1,000

6
-50

4

500
2

-95
0
2021/2Q
2021/2Q

2022/2Q
2022/2Q
estimate
計画

2022/2Q
2022/2Q
actual
実績

Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved0-150
2021/2Q
2021/2Q

2022/2Q
2022/2Q
計画
estimate

2022/2Q
2022/2Q
実績
actualJan.Feb.Mar.Apr. MayJun. Jul. Aug.Sep.Oct.Nov.Dec.

16

Financial Condition B/S◼ Current assets increased ¥8,562 million to ¥94,650 million mainly because of an increase in realestate for sale.
◼ Liabilities increased ¥12,275 million to ¥76,317 million mainly because of an increase in debt.
◼ Non-current assets increased mainly because of a ¥3,801 million increase in goodwill resulting
from a new consolidated subsidiary.

▍End of December 2021
Total assets▍End of June 2022

97,269 million¥

Total assets

110,936 million¥（+¥13,667 million）

Current assets

Liabilities

Current assets

Liabilities¥86,088¥64,042¥94,650¥76,317

millionmillionmillionmillion

Real estate
for saleInterest-bearing
debt

Real estate
for saleInterest-bearing
debt¥35,050 million¥39,205 million¥40,993 million¥49,066 million

Net assets
Non-current assets¥11,180 million¥33,226
million

Net assets
Non-current assets¥16,285 million¥34,618
million*Real estate for sale is the sum of real estate for sale and real estate for sale in process.
Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved

17Cash Flows◼ Negative operating cash flows because of the increase in real estate for sale
◼ Negative investing cash flows resulting from a new consolidated subsidiary◼ Positive financing cash flows because of long-term borrowings

Summary of 1H 2022 cash flows(Million yen)

Cash flows from operating activities
Profit before income taxes
Increase in real estate for sale
Increase in advances received
Increase in accrued expenses
Decrease in other current liabilities
Income taxes paid--

Cash flows from investing activities

Cash and cash
equivalents at
end of period

Cash and cash
equivalents at
beginning of period
Cash and cash equivalents at end of period
Up ¥1,141 million

Purchase of property, plant and equipment
Loan advances
Purchase of investments in consolidated
subsidiary

Operating CF

Investing CF

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

Financial CF¥-1,145 million¥-100 million¥-4,165 million

Cash flows from financing activities
Net decrease in short-term borrowings¥3,762 million

Proceeds from long-term borrowings¥14,184 million

Repayments of long-term borrowings¥-675 million

Dividends paid
End-Dec
2021¥4,740 million¥4,182 million¥600 million¥1,788 million¥3,176 million¥-1,411 million¥-1,388 million

Effect of exchange
End-Jun.
rate change
2022

18

II
20. Revisions to Forecasts for FY2022
21. Outlook by Business Segment
22. Shareholder Distributions

Outlook for the TermEnding Dec. 2022

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

19

Revisions to Forecasts for FY2022◼ The 2022 sales and earnings forecasts have been increased because of the strong performanceof the core Human Resources and Education Business and the larger than planned number ofclosings of real estate sales.
◼ Forecasting record-high sales, operating profit and ordinary profit

Results for theterm ended Dec.
2021

Initial plan for theterm ending Dec.
2022

Revisions toestimates for theterm ending Dec.
2022

154,704

168,828

180,000

25,296

16.4％

Operating profit

7,481

6,244

8,400

918

12.3%

Ordinary profit

7,738

6,053

8,200

461

6.0%

Profit attributable to owners ofparent

4,626

3,862

4,600

-26

-0.6%

Net income per share(Yen)

265.02221.22263.38

-1.64

-0.6％

Dividend per share (Yen)

79.50

66.40

*80.000.50

0.6%

Unit: Million yen, %Net sales

YoY
ChangePct. change*Revised the dividend forecast on May 12, 2022
Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved20Outlook by Business Segment◼ In the Human Resources and Education Business, the sales and earnings plans were increased

because strength in the semiconductor and electronic components categories and higher
productivity due to the use of subcontracting and teams.
◼ In the Real Estate Business, the sales and earnings plans are higher because performance is
exceeding the original plan, partly due to earlier than scheduled closings of some sales.

FY2021(Million yen)

Human
Resourcesand Education
Business

ActualNet sales(Profit margin)

4,001

Net sales
Products Human
Resources Business Segment profit

70,668Net sales
Services Human
Resources Business Segment profit

34,325

3,088

913

Real EstateBusiness

Net sales

36,978Segment profit

2,978Information andTelecommunications
Business

Net sales

9,367

Agricultural
Park BusinessNet sales
Segment profit
Net sales

Total

Elimination or
corporate
OperatingprofitCopyright © WORLD HOLDINGS CO., LTD. All Rights Reserved

118(3.8%)(Profit margin)

5,152(4.0%)

84,801(4.4％)

4,155(4.9%)

44,648(2.7%)

996(2.2%)

37,868(8.1%)

2,840(7,5%)

8,517(1.3%)

182(2.1%)

4,166

3,367
-21

Estimate

YoY

129,449

104,993

Segment profit

Segment profit

FY2022-226(5.4%)

ChangePct. Change

24,456

23.3%

1,151

28.8%

14,133

20.0%

1,067

34.6%

10,323

30.1%

84

9.2％

891

2.4%

-138

-4.6%

-850

-9.1%

63

53.4%

798

23.7%

246

-

154,705

180,000

25,296

16.4%

406

2

-404

-99.6％

918

12.3%

7,481

(4.8%)

8,400(4.7%)

21

Shareholder Distributions◼ The basic policy for profit distributions is to distribute profits in a manner that reflects results ofoperations while retaining sufficient earnings for future business operations and for making
business operations stronger. For dividends, the goal is to stably and consistently increase thedividend while using a consolidated payout ratio of 30% as the guideline for dividends.

(Yen)

101.7

100.0

75.3

80.0

82.7

83.0

60.0

79.5

80.0

52.7

45.7
40.0

23.7
20.0

10.0

0.0

FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022(Forecast)

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

22

III
24. Medium-term Management Plan
25. Strategies of the Human Resources andEducation Business
26. New Initiatives
27. Agricultural Park Business
28. Growth of the Agricultural Park BusinessMedium-termManagement Plan

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

23Medium-term Management Plan
▍2026 Targets
Net sales

Operating profit

Payout ratio¥275.0 billion ¥15.0 billion（+77.8%）（+100.5%）(Million yen)

Human Resources
人材教育
and Education
BusinessReal
Estate
不動産
Business

Agricultural
Information
情報通信 and
農業公園
Telecommunications Park
Business
Business

30%
Operating
営業利益
profitRapid growth of the Human
Resources and Education Business
Up

85.3%

270,000

17,00015,000Medium-term Management Plan 2026

13,000220,000

11,000170,000
9,000
120,000
7,000

70,0005,000
FY2021

FY2022

FY20222(Initial plan)(Revised plan)

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

FY2023

FY2024FY2025

FY202624

Human Resources
and Education
Business

Strategies of the Human Resources andEducation Business

More growth by using two core business categories to cover a broad spectrumof market sectors
Business development for
expansion to more market sectors
Market scale:Market scale:

6.5 trillion yen ＋α

3.5 trillion yen ＋α

Expansion of coverageStronger positionin current sectors

in current sectors

Manufacturing
field
Products Human
Resources Business

Service field
Education
Use education to improve
employee retention

Services Human
Resources BusinessBe a source of “the way we live”
Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved

25

Human Resources
and Education
Business

New Initiatives

Acquisition of Dimples and Expansion of the Service Category◼

Dimples Co., Ltd. is engaged in the temporary and permanent placements of people with outstanding
hospitality skills who work directly with customers and performs outsourced data-related tasks. By
serving department store companies for many years, Dimples has acquired considerable expertise
involving sales activities with direct customer contact. The company is guided by the vision of “providing
many places for people who can use a smile to make others happy.”
The registered workforce of Dimples includes large numbers of career-path people in their 20s with a commitment toproviding outstanding hospitality and in their 30s with a high level of communication skills. Dimples uses these humanresources to provide accurate matching to meet the human resources requirements of about 7,500 client companies.

Annualregistrations

Gendercomposition

Age composition
60s

Cumulative clientcompanies

5%
50s

14%
20s

40s

48%

15%
About

9,500 people*FY2021 results

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

Women

Men

85%

15%

*As of October 2021

30s

18%
About
*As of October 2021

7,500

*As of May 2021

26

Agricultural Park
Business

Agricultural Park Business“The Ways We Live” in the Agricultural Park Business

RegionChildrenManager of 15
agricultural parks

Close ties with
communities

An ideal educational
environment forchildren

Agricultural parks create new“ways we live” by using
interactions between people andnature to be a source of
happiness.

Agricultural parks work withlocal governments where they
are located, providing jobs
and functioning as an integral
part of the local economy andagriculture sector.

Agricultural parks use new
approaches to enable children
learn more about nature,
culture and history in theregions where the parks arelocated.

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

The ways we look to the
futureNature27

Agricultural Park
Business

Growth of the Agricultural Park Business

Increasing the importance of agricultural parks as an outdoor recreation andeducation facility◼ The Agricultural Park Business became profitable three years after becoming part of the World

Holdings Group.
◼ During the pandemic in 2020-2021, marketing and other activities to raise awareness of parks
and attract visitors resulted in consistent progress with reinforcing the role of these parks asrecreation and education facilities that are needed by communities.

▍Sales and Profit after Becoming a World Holdings Group BusinessNet sales

Segment profit

4,500

4,166

4,000

3,639

3,500
3,000

2,900

1500

Second year

Fourth year

Comorebi Ibaraido Forest
Sylvanian ParkA swing at Okayama Forest Park
– German Forest

3,403

3,078

1000

2,754

2,500
500
2,000
1,500

226

117

-396
2017

Third year

2022

-221

-226

500
0

0

-17

1,000

-500
2018

Years 1 and 2
Improvements to
parks

2019

2020

Year 3Years 4 and 5
Pandemic

Investments

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

2021

2022

Year 6
Estimate

Blumen Hugel, Shiga Agriculture Park
Alps Gym

Many visitors on aholiday in May

28

IV
30. The Purpose of the World Holdings Group
31. The Ways We Live
32. Sustainability
33. Business Portfolio
34. Main Group Companies
35. History

Appendix

36. Business Domains of the Human Resources

and Education Business
37. Business Domains of the Real Estate Business
38. Information and Telecommunications Business
39. Agricultural Park Business
40. Business Performance Trend

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

29

The Purpose of the World Holdings Group

Contribute tohappiness and asustainable society
through the creation ofa variety of ways welive worldwide
Enabling people worldwide to enjoy even moreenergetic and fulfilling lives will create happinessand contribute to progress in many ways, thereby
helping to make the world better.
Our mission is to play a role in the creation of anenergetic and stimulating society where people
can enjoy their lives.

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

30

The Ways We Live

Human
Resources andEducation

The ways we work

We want to help people of all kinds find jobs that best match
their skills and goals in order to enable them to experience thejoy and satisfaction of work. By providing training, we give
people the skills to achieve their full potential, which supports
the growth and advancement of businesses.

Real Estate

The ways we create
communities

Pleasant communities are essential for people to lead enjoyableand fulfilling lives. By designing these communities, we provide
an environment for vibrant and satisfying lifestyles. Activities
place priority on preserving the environment and natural
resources in order to be a responsible member of society.

人が活きるカタチ
The
Ways We Live

Information andTelecommunications

The ways we provide
convenience and safety

We are dedicated to creating the use of today’s advanced
information technology infrastructure for being a source of
convenience and for establishing an environment where
people can enjoy their lives with convenience and confidence.

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

Agricultural
Parks

The ways we look to
the future

Agricultural parks help protect the environment and conserve
the earth’s resources while giving children a place where they
can grow. By operating these parks, we are playing a role insustainable social progress.

31

Sustainability

Real Estate

Real Estate

Provide products that make houses environmentally
responsible and pleasant as well as play a role in creating
communities where people can live with confidence

Agricultural
Parks

Help protect the environment and conserve the earth’s
resources and give children a place where they can growwhile enjoying healthy and educational outdoor activities

Agricultural
Parks

Human
Resourcesand Education

Reduce poverty by establishing a stable base for people’s
lives by providing suitable jobs for people of all kinds

Human
Resourcesand Education

Enable people of all kinds to achieve their full potential byproviding training and high-quality educational programs

Human
Resourcesand Education

Maintain workplaces where everyone, regardless of gender,
can perform their jobs to the best of their ability

Human
Resourcesand Education

Provide jobs that match the characteristics of each individual andcreate workplace environments where people can experience the joy
and satisfaction of work; realizing the full potential of people
contributes to economic growth too

Human
Resourcesand Education

Information andTelecommunications

Human
Resourcesand Education

Information andTelecommunications

Environment

Society

Use education as a foundation for progress in the
manufacturing sector and expand the utilization of the IT
infrastructure as a base for technological innovation
Real
EstateStronger governance

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

Play a role in the constant advancement of society by using
ties with a broad spectrum of industries, the consortium modeland other activities
Upgrade the fairness, transparency and speed of governanceof the World Holdings Group
Rigorous compliance program/Even stronger risk
management

Governance32

Business Portfolio

Create a Sustainable World.
Use a well-balanced business portfolio for rapid growth and activities that help createa sustainable world
Human Resources andEducation Business

Real Estate Business
Real Estate

私たちは持続可能な開発目標（SDGs）を支援していますThe “Ways We Live”
Products Human Resources
Business
Services Human Resources
Business

Information andTelecommunications BusinessInformation andTelecommunications
Agricultural Park
Business

Agricultural Parks
Establishment of a business model focused on
the ability to respond to changes
Recurring
Diversification
revenue
One-timeof business
Decentralibusinessrevenuezationbusiness
Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved33

Main Group Companies

Human Resources andEducation Business
Products Human
Resources Business

Services Human
Resources BusinessWORLD INTEC CO., LTD.

WORLD STAFFING CO.,LTD

Human resources services(Manufacturing/ Technology/
R&D)
WORLD CONSTRUCTION
CO., LTD.
Human resources services(Construction technology)
Human resources services(Materials)
WORLD INTEC TAIWAN
CO., LTD.
Human resources services(Taiwan)

Human resources services
Logistics/ Light-duty jobs/
Call centers

Real Estate Business

Development (Kanto)WORLD INTEC CO., LTD.
e-support, Inc.
Renovation

JW SOLUTION CO., LTD.

World iCity Co., Ltd.

WORLD MIKUNI CO., LTD.

Development (Tohoku)

Development
WORLD(Kyusyu)
MIKUNI CO., LTD.

Dimples’ Co., Ltd.
Human resources services(Sales directly to customers)

World Wisteria Homes
Co., Ltd.
Development (Kansai)

Renovation (Hokkaido)

WAKRAK, INC.

Human resources services(China)M'S WORLD CO., LTD.

Nichimo Real Estate Co, Ltd.
不動産コンサルティングRealestate consulting
COMPAX Co.,Ltd.
Condominium andマンション・ビル管理
building management

Human resources services(U.S.)Development (Indonesia)

DOT WORLD Co., Ltd.

OMACHI WORLD Co., Ltd.
Manufacturing of prefabricated house

Clinical research (CRO)

Repair of cameras anddigital equipment
GEOGRAPHIC INFORMATIONOF KYUSHU, INC.
Geographic information
system development
WORLD SYSTEM SERVICE
CO., LTD.
ソフトウェア受託開発
Outsourced
software development
Outsourced
software development
ソフトウェア受託開発
ADVAN CO., LTD.
PCスクール・Web制作
PC
schools/ Produces websites

Agricultural Park
Business

MIKUNI CO., LTD.
WORLD RESIDENTIAL
CO., LTD.

Human resources services (Tourism)

Daywork application
development and operation

Information andTelecommunications
Business

Operation of callcenters and storesManagement and operationof agricultural park

CROWDWEIGHT CO.,LTD.
Operation of mobile phone stores(Softbank)

Management and operationof agricultural park

WORLD STYLE CO., LTD.
Operation of mobile phone
stores (au)Best IT Business Co., Ltd.
Corporate solutions

World Share Selling Co.,Ltd.
Sales of prefabricated house

Finance BusinessWORLD ASSETMANAGEMENT CO., LTD.
Real estate fund management(Financial Instruments and Exchange Act)
World Capital Solutions
Real estate fund management(Act on Specified Joint Real Estate Ventures)
Mirai Servicing Co, Ltd.
Collection of receivables

Creative Inc.
Human resources services(Manufacturing/ Plant)

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

34

History
Establishment
1981

2005

2008

2010

2012

2013

2014

2015

2016

Established
ENGMAINTEC
CO., LTD.

Established WORLD INTEC CO., LTD.

R&D sector

Real EstateBusiness

不
動
産
ビ
ジ
ネ
ス

2003

Technology
sectorManufacturingsectorHuman Resources and Education
Business
人
材
教
育
ビ
ジ
ネ
ス

1993

Company name changed to WORLD HOLDINGS CO., LTD.
Became a pureTSE 1stSectionholding company

Stock listing(JASDAQ)

China

Acquired 100% ownership of
GEOGRAPHIC INFORMATION OF
KYUSHU, INC.
Acquired 100% ownershipof DOT WORLD CO., LTD.
(CRO)

TSE Prime Market

2017

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

2018

Agricultural Park
Business

2021

2022

Established TOHOWORLDCORPORATION (material)
through JV with Toho Titanium
Co., Ltd.
Acquired 100%
ownership of
WAKRAK, INC.
(application
development andoperation)

TaiwanEstablished WORLD RESIDENTIAL
CO., LTD. (Kanto area)
Established WORLDICITY CO., LTD.
(Tohoku area)

Established PT. WORLDDEVELOPMENT INDONESIA
Acquired 100% ownership of
OMACHI WORLD CO., LTD.
(prefabricated house)
Established WORLD WISTERIAHOMES CO., LTD. (Kansai area)
Indonesia
Acquired 100% ownership of MIKUNI CO.,LTD. (renovation)

Information and Agricultural
TelecommuniPark
cations
Business
Business

情ビ
報ジ
通ネ
信ス

2020

Acquired 100% ownership of Acquired 100%
WORLD SYSTEM SERVICE
ownership ofCO., LTD. (software)
CREATION VIEW
EstablishedCO., LTD.
WORLDINTEC
U.S.
(software)
AMERICA, INC.
Established JW SOLUTION
CO., LTD. (tourism)
through JV with JTB Group

EstablishedWORLD INTECTAIWAN CO., LTD.

Established Mikuni Industry Co., Ltd.
(current MIKUNI CO., LTD.)2019

Acquired 100%
ownership of
Dimples’ Co.,Ltd.
(sales directly
to customers)

Acquired 100% ownership ofWORLD ASSET MANAGEMENT
CO., LTD. (finance)
Acquired 100% ownership of Mirai
Servicing Co., Ltd.
(debt collection)
Established WORLD CAPITALSOLUTION CO., LTD.
(real estate finance)

Acquired 100% ownership of ESUPPORT, INC.

農ビ
業ジ
公ネ
園ス

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

Acquired 100% ownership of FARM CO., LTD.
(agricultural park)

35

Human Resources
and Education
Business

Business Domains of the Human Resources
and Education BusinessBusiness process outsourcing and staffing services that seamlessly cover abroad range of business domains

Manufacturing domain

Service domain

Products Human Resources Business

Services Human Resources Business

After-sales service

Manufacturing

Design/Development

R&D
Pharmaceutical
BiotechCRO

Semiconductors
Semiconductors
Automobiles
Machinery
Information andElectrics andTelecommunications
electronics

Support for upstream to downstream
processes for manufacturing

About

Tourism
Logistics
E-commerceLightduty jobs

Sales directly
to customers

Call High-volume retailers
Department stores
centers
A strategically targeted approach for rapid
growth in the services domain

34,450 workers in service

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

Tourism industry*As of June 2022

36

Real EstateBusiness

Business Domains of the Real Estate Business

Building an infrastructure able to adapt to any change in thebusiness climate
Real estate for investment

Real estate trust
beneficiary rights

Development

Real estate revitalization

Real estate FinanceCondominiums/Detached houses

Renovation

Commercial land development

Redevelopment

Asset
management

Conduct business mainly in major
cities of the Tohoku, Tokyo
Metropolitan, Kinki and Kyushu areas

Conduct real estate revitalization
business, such as renovation,around Japan.

Real estate fundmanagement

Examples of renovation

BIZIA Koujimachi Building

Residential Aobahirosegawa(Sendai, Miyagi)

Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved37

Information andTelecommunications
Business

Information and Telecommunications Business

Mobile phone shop

Corporate solutions

The largest network of stores in Kyushu

We propose the reduction of costs for electric

Cell phone shops in Fukuoka, Saga, Oita,
Kumamoto, Nagasaki, and Okinawa
Prefectures

power, communications, etc. by selling our
products to corporations.
▍Comprehensive cost
▍reduction solutions• Softbank Shop
• au Shop• Y! Mobile Shop

福岡

Air
conditioners
forbusiness use

Monitoring
cameras佐賀

LEDlighting

Smartph
ones

長崎
大分

熊本

34 stores
As of March 2022

宮崎

PC

Security

鹿児島

Water
dispensers

Supplies

Multifunction
machines

Telephonesystem forbusiness use

Internetlines▍Call center
沖縄

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

Sale of various products
for individuals and corporations

38

Agricultural Park
Business

Agricultural Park Business
Operation of nature-rich agriculturalparks, etc. at 15 locations around Japan
Operation of a total of 15 facilities, including 4 directly
managed facilities and other entrusted facilities

Deepen regional roots and contribute to theregional economy and job creation

Minokamo Rest Area
Shiga Agricultural Park

Blumen Hugel Farm
Kanzaki Farm Park

Rakuten Seimei Park
Smile Glico Park
Directly
managedComorebi

Ibaraido Forest

Ama Site Park

Yodel Forest

Directly
managedChiba Zoological Park

Fureai Dobutsu-no-Sato

Niimi Chiya Onsen
Ibukinosato

Nagai seaside Park

Soleil Hill

Hibikinada

Green Park
Sakai Greenery Museum

Harvest Hill
Kitakyusyu Municipal

Sougou Nouji Center
We also produce and sell
homemade sausages,
confectionery, beers, etc.

Wakayama Castle
Zoological Park
Ohashi Kogen International
Exchange Village
Okayama Forest Park

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

Directly
managedDirectly
managed39

Business Performance Trend(100 millions of yen)

FY2020

Human Resources and Education Business

1,600

Real Estate Business

FY2016

Information and Telecommunications Business

Listed on 1st
section of TSE

Operating profit (right axis)

74

600

1,271

400

13

200

9
0

FY2006879

FY2007

51

50

47
40
30

21

321

20

12

10

FY2008

60

37

564

378
290

70

943

530

487

348

3
FY2009

80

74

73

688

Entry into Information andTelecommunications Business
Listed on JASDAQ

464

84

62

Entry into Real EstateBusiness

Bankruptcy ofLehman Brothers

FY20061,435

70

FY2010

800

90

1,363

1,200

FY2008

100

1,547
1,428

1,000

1,800

COVID-19

Agricultural Park Business

1,400(100 millionsof yen)3
FY2010105FY2011FY2012FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY20220

Plan
Created businessfoundation (early days)

New Medium-term Management
Plan 2007 to 2009

Used internal resources forenhancing governanceMedium-term Management Plan
2010 to 2013
New Medium-term Management
Plan 2012 to 2016

Expansion based onbalanced management
New Medium-termManagement Plan 2021

Medium-termManagement
Plan 2026

Note: The former segments had been used until FY2021, and the new segments are used for the plan for FY2022.
Copyright © WORLD HOLDINGS CO., LTD. All Rights Reserved40Inquiries

The “Ways We Live”

No information in this presentation is provided for the
purpose of soliciting purchases or sales of our stock.
Furthermore, opinions, forecasts and other information notbased on historical facts represent our judgments at thetime this presentation was prepared.
We do not guarantee the accuracy of this information andmay revise thisinformation at any time without prior notice.
We and other providers of this information assume no
responsibility whatsoever for any losses incurred inassociation with the information in this presentation.

Norio Nishihara
Public and Investors Relations OfficeWORLD HOLDINGS CO., LTD.
TEL: +81(0)3-3433-6005
E-MAIL: irinfo＠world-hd.co.jp
URL: https://www.world-hd.co.jp/

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

41