(Note) This English translation of the summary of the financial statement was prepared for reference only.
In the event of any discrepancy between this translation and the Japanese original, the original shall prevail.

Summary of Consolidated Financial Statements
For the First Quarter of Fiscal Year Ending March 31, 2025 (Japanese GAAP)

August 9, 2024
UT Group Co., Ltd.
Stock exchange listing: Tokyo2146
URL: http://www.ut-g.co.jp
Manabu Sotomura, President and Representative Director
Takahito Yamada, Executive Officer and Division Manager, General Affairs Division
TEL: 03-5447-1710
Scheduled date of cash dividend payment:
Supplemental material for the financial results provided:
Yes (to be uploaded on the Company’s website on August 9, 2024)
Results briefing for the period under review provided:
No (The briefing video will be uploaded on the Company’s website on August 9, 2024)
Listed company name:
Code number:
Representative:
For inquiries:(All amounts are rounded down to the nearest million yen.)
1. Consolidated Results for the First Quarter of FY3/2025 (April 1, 2024 – June 30, 2024)(1) Consolidated Earnings Results(Percentages indicate year-on-year changes.)
Profit attributable to
Sales
EBITDA*
Operating profit
Ordinary profit
owners of the parent
Million yen% Million yen

1Q of FY3/2025

44,164

7.1

1Q of FY3/2024

41,220(0.8)% Million yen

2,430 (25.2)
3,248 (10.1)% Million yen

1,922 (31.1)
2,792 (16.4)%

Million yen%

1,868 (32.1)

4,930

152.1

1,956

(7.1)

2,753 (15.3)(Note) Comprehensive income (million yen) 1Q of FY3/2025: 5,162 [156.6%] 1Q of FY3/2024: 2,012 [-10.7%]
Net profit
per share
Yen

Net profit
per share, diluted
Yen

1Q of FY3/2025

124.12114.90

1Q of FY3/2024

48.57

45.56

*EBITDA = Operating profit + Depreciation (Property, plant and equipment, and Intangible assets) + Amortization(2) Consolidated Financial Position
Total assets
Million yen

Net assets
Million yen

1Q of FY3/2025

72,91636,25039.4

FY3/2024

68,45634,44340.0(Reference) Equity capital (million yen) 1Q of FY3/2025: 28,756
2. Cash Dividends

Equity ratio%

FY3/2024: 27,365

Dividend per share

1Q-end2Q-end3Q-endFY-end
Yen

Yen

96.15

96.15

Yen

Yen

Yen

FY3/2024

0.00

0.00

0.00

FY3/2025

0.00

Total

FY3/2025 (Plan)
164.81－－164.81(Notes) (1)Revision of the dividend forecast disclosed recently: None
(2)The dividend forecast for FY3/2025 is calculated based on a payout ratio of 60% for a dividend of ¥274.68 pershare, which is the profit forecast divided by the number of shares assuming all stock acquisition rights are
exercised.

(Note) This English translation of the summary of the financial statement was prepared for reference only.
In the event of any discrepancy between this translation and the Japanese original, the original shall prevail.

3. Consolidated Forecasts for FY3/2025 (April 1, 2024 – March 31, 2025)(Percentages indicate year-over-year changes.)
Sales
Million yen

Full year

EBITDA*%

215,000 28.7

Million yen

Operating profit%

16,000 46.3

Million yen%

13,600 45.5

Ordinary profit
Million yen%

13,500 43.7

Profit attributable toowners of the parent

Profit per share%

Yen

13,000 104.3

327.01Million yen(Notes) (1) Revision of the earnings forecasts disclosed recently: None
(2) The EPS estimate for FY3/2025 is calculated from the average number of shares of the term based on thenumber of shares outstanding at the end of the first quarter of FY3/2025.
*EBITDA = Operating profit + Depreciation (Property, plant and equipment, and Intangible assets) + Amortization* Notes(1) Significant changes in the scope of consolidation during the period : Yes
New 2 Companies (Companies name) : BeNEXT Partners Inc. (renamed to UT Partners Co., Ltd.): Hitachi Ibaraki Technical Service Ltd. (renamed to UT-HITES Co., Ltd.)
Excluded 2 Companies (Companies name) : UT Technology Co., Ltd.
: UT Construction Co., Ltd.
(2) Use of particular accounting procedures in preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies and accounting-based estimates, and restatements(a) Changes in accounting policies due to revisions in accounting standards and others:
Yes(b) Changes in accounting policies other than (a) above:No(c) Changes in accounting-based estimates:
No(d) Restatements:
No(4) Number of outstanding shares (common stock)(a) Number of shares outstanding at the end of the period (including treasury shares):
1Q of FY3/2025
39,762,883
FY3/2024
39,699,383(b) Number of treasury shares at the end of the period:
1Q of FY3/2025
78
FY3/2024
78(c) Average number of shares outstanding during the period (cumulative for quarter)
1Q of FY3/2025
39,727,951
1Q of FY3/2024
40,274,954* Review of the attached quarterly consolidated financial statements by the certified public accountant or then auditing firm
: Yes (optional)* Explanation concerning appropriate use of earnings forecasts and other notes(Cautionary statement with respect to forecasts of future performance and other items)
Forecasts regarding future performance and other forward-looking statements in these materials are based on certain
assumptions judged to be valid and information currently available to the Company. These statements are not promises by
the Company regarding future performance. Actual performance may differ significantly from these forecasts for a numberof reasons. For precautions on usage of forecasts of future performance, please refer to the section “1. Qualitative
Information on Financial Results for Current First Quarter, (3) Description of Consolidated Earnings Forecast and Other
Forward-looking Information” on page 4 of the attachments(How to receive the supplemental materials for the financial results and the results briefing video of 1Q of FY 3/2025)
The supplemental material for the financial results provided and the results briefing video are scheduled to be uploaded on
the Company’s website on August 9, 2024.

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2025

1. Summary of Business Results(1) Summary of Business Results for the Three Months Ended June 30, 2024
In the first quarter of FY3/2025 (April 1, 2024 – June 30, 2024), Japan’s economy traced a gradual recovery trend,
supported by improvements in corporate earnings and the employment environment. Although there were signs of ageneral recovery in industrial production, the transportation equipment industry weakened and lacked strength, showing
mixed developments including the impact of suspended production by some manufacturers. Against this backdrop, theeffective job openings-to-applicants ratio in the production process was 1.48 times in May 2024, and the tight supply
and demand for workers became somewhat moderate. 1
Under these circumstances, UT Group is implementing the Rolling Plan of the Fourth Medium-term Business Plan, with
FY3/2026 as the final year. Amid a growing labor shortage in the manufacturing industry caused by the declining
working-age population in Japan, UT Group regards the “dispatch” workstyle itself as a service and aims to thoroughly
refine it and provide work opportunities to as many people as possible. We are striving to normalize the hiring of 2,000
employees per month. In order to become the most preferred dispatch company for those working in manufacturing
dispatch, we aim at gaining an overwhelming market share by concentrating our management resources on the
manufacturing dispatch sector and building a solid business foundation.
In FY3/2025, we anticipate a full-fledged recovery of demand for workers by semiconductor manufacturing equipment(SME) manufacturers and semiconductor manufacturers in the second half of the fiscal year. Worker demand had beensluggish since the beginning of the autumn of 2022. Based on the number of technical employees including the 2,344
enrolled through mid-career hiring (which in March 2024 was the highest ever recorded in a month), in the first quarterof FY3/2025 we focused on maximizing sales activities, by such means as strengthening site management, andacquiring new projects for workers, and building a base for hiring 2,000 workers per month in preparation for anticipated
recovery of demands from the summer onwards. On April 1, 2024, we acquired all shares of BeNEXT Partners Inc., an
operating subsidiary in the manufacturing dispatch field of Open Up Group Inc., and sold all shares of our consolidated
subsidiaries UT Technology Co. (an IT engineer dispatch company) and UT Construction Co. (a construction engineer
dispatch company) to Open Up Group Inc. On May 1, 2024, we also acquired 51% of the shares of Hitachi Ibaraki
Technical Service, Ltd. from Hitachi, Ltd. and made it a consolidated subsidiary.
As a result, in the first quarter of FY3/2025, UT Group recorded-high first-quarter sales of 44,164 million yen (up 7.1%
from 41,220 million yen in the same period of FY3/2024), EBITDA* of 2,430 million yen (down 25.2% from 3,248
million yen), and operating profit of 1,922 million yen (down 31.1% from 2,792 million yen), ordinary profit of 1,868
million yen (down 32.1% from 2,753 million yen), and profit attributable to owners of the parent also reached a record
high of 4,930 million yen (up 152.1% from 1,956 million yen). The number of technical employees was also a record
high of 52,135 (up 7,393 from 44,742). As a result of the above-mentioned sale of UT Technology Co. and UTConstruction Co., extraordinary income of approximately 5.9 billion yen was recorded as gain on sale of shares ofsubsidiaries and associates in the first quarter of FY3/2025.
*1. Source: Ministry of Health, Labour and Welfare, "General Employment Placement Status," effective job openingsto-applicants ratio (including part-time employees)*2. EBITDA = Operating profit + Depreciation (Property, plant and equipment and Intangible assets) + Amortization
The operating results of each business segment are summarized as follows. From the first quarter of FY3/2025, UT
Company changed its report segments from the previous five (Manufacturing Business, Area Business, Solutions
Business, Engineering Business, and Overseas Business) to the new five segments, (Manufacturing Business, Area
Business, Solutions Business, Nikkei Worker Business, and Vietnam Business). Also from the first quarter of FY3/2025,
in order to more appropriately manage the performance of each reporting segment, the allocation method for head office
expenses, etc. has been changed to a more rational. As a result, the figures for the same period of the previous fiscal
year have been restated for comparative analysis. For details, please refer to "2. Quarterly Financial Statements andSignificant Notes (3) Notes to Quarterly Financial Statements (Segment Information).”-1-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2025(Manufacturing Business)
There is no change from the former "Manufacturing Business" segment. The segment consists of “Industrial andCommercial Machinery,” “Electronics,” “Transportation Equipment,” and “Other” subsegments and specializes in UTGroup’s core business of supplying human resource services for major manufacturing industries.
During the first quarter of FY3/2025, the impact of inventory adjustments for semiconductors, which had been ongoingsince the beginning of the autumn of 2022, continued, but there were signs of recovery, such as when somesemiconductor-related manufacturers starting to increase their workforce toward the end of the first quarter of FY3/2025.
In the Transportation Equipment segment, although production has been normalized since FY3/2024, the suspended
production by some automobile-related manufacturers affected its number of workers engaged in operation activities
and their operating hours.
As a result, in the first quarter of FY3/2025, the segment recorded net sales of 16,129 million yen (down 4.1% from
16,817 million yen in the same period of the previous year) and segment profit of 1,263 million yen (down 35.5% from1,957 million yen), while the number of technical employees was 11,534 (up 8 from 11,526 a year ago).
(Area Business)
The Area Business is a segment dedicated to area-based services for worker dispatch. UT SURI-EMU Co., Ltd., aspecialist in services by Japanese origin (Nikkei)workers, was separated from the former “Area Business” while newlyconsolidated BeNEXT Partners Inc. (renamed UT Partners Co., Ltd.) on April 1, 2024 was added to this segment.
In order to respond to the diverse needs of job seekers, the segment focused on expanding its market share in eacharea by strengthening its sales activities, such as acquiring new projects for workers. This segment, being engaged in
the business with the largest number of hires, is in the process of certain changes relating to human resources for sales
activities, recruitment activities and on-site management, to be appropriate for the rapid expansion of the business scale.
As a result, in the first quarter of FY3/2025, the segment recorded net sales of 16,876 million yen (up 20.5% from 14,005
million yen in the same period of the previous year) and segment profit of 358 million yen (down 53.6% from 772 millionyen), while the number of technical employees was 16,696 (up 2,690 from 14,006 a year ago).
(Solution Business)
There is no change from the former "Solution Business" segment. The segment accepts workers who are to be reassigned in accordance with structural reforms in major manufacturing industries and provides worker dispatch services
to client companies. It consists of operating subsidiaries that have capital relationships with the Toshiba Group, theFujitsu Group, and the Hitachi Group. Furthermore, Hitachi Ibaraki Technical Service Ltd. (new trade name UT-HITES
Co., Ltd.), which was newly consolidated on May 1, 2024, belongs to this segment.
In the first quarter of FY3/2025, the Solution Business segment strengthened its sales activities to acquire new solution
projects. UT Toshiba Co., Ltd. has strengthened its hiring activities for new university graduates in 2025, taking into
account future growth in semiconductor-related demand. Fujitsu UT Co., Ltd. and UT FSAS CREA Co., Ltd. focused onsales activities outside of their former group companies and on proposal activities in new fields.
As a result, in the first quarter of FY3/2025, the segment recorded net sales of 5,497 million yen (up 22.3% from 4,496
million yen in the same period of the previous year) and segment profit of 105 million yen (up 97.6% from 53 millionyen), while the number of technical employees was 3,902 (up 637 from 3,265 a year ago).
(Nikkei Worker Business)
This segment consists of UT SURI-EMU Co., Ltd., which was spun off from the former Area Business segment. For 37
years since its founding, UT SURI-EMU has demonstrated its strength in dispatching Japanese Brazilian workers to the-2-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2025

Japanese manufacturers. Taking advantage of the government’s relaxation of residence requirements for fourthgeneration Nikkei people, the segment made renewed efforts to encourage client companies to make greater use of
Nikkei Brazilian workers in the manufacturing industry as a countermeasure to the worsening labor shortage Attention
was also given to strengthening the recruitment base so as to demonstrate strong mobilization capacity demand
recovery.
As a result, in the first quarter of FY3/2025, the segment recorded net sales of 2,511 million yen (up 70.2% from 1,475
million yen in the same period of the previous year) and segment profit of 111 million yen (up 207.8% from 36 millionyen), while the number of technical employees was 2,198 (up 905 from 1,293 a year ago).
(Vietnam Business)
The segment has been renamed from the former “Overseas Business” segment, but component companies remainunchanged. Green Speed Joint Stock Company provides human resource services such as worker dispatch to therapidly expanding manufacturing industry in Vietnam.
In the first quarter of FY3/2025, in order to expand the business area, the segment expanded from the southern region
centered on Ho Chi Minh City, where it has a base, to the northern region centered on Hanoi City, and focused on
acquiring projects. Demand for workers in the manufacturing sector had been stagnant in FY3/2024 but has gradually
begun to recover. In line with this, the segment has strengthened its hiring activities and succeeded in hiring 5,213
employees for the Vietnam business alone in March 2024, resulting in a significant net increase in the number oftechnical employees.
As a result, in the first quarter of FY3/2025, the segment recorded net sales of 3,114 million yen (up 43.6% from 2,168
million yen in the same period of the previous year) and segment profit of 42 million yen (loss of 144 million yen), while
the number of technical employees was 17,805 (up 4,727 from 13,078 a year ago).
The subsidiary in the Overseas Business, its results for the January-March period of 2024 are recorded in UT Group’s
first quarter of FY3/2025, with a delay of three months.

(2) Summary of Financial Condition for the Three Months Ended June 30, 2024
(Assets)
Current assets as of the end of the first quarter increased by 2,799 million yen from the end of FY3/2024 to 57,013
million yen. This was mainly due to an increase in 3,178 million yen in Cash and deposits. Non-current assets amounted
to 15,903 million yen, an increase of 1,660 million yen from the end of FY3/2024. This was mainly due to increases of
650 million yen in Goodwill associated with M&A and 732 million yen in other intangible assets.
As a result, total assets amounted to 72,916 million yen, an increase of 4,459 million yen from the end of FY3/2024.
(Liabilities)
Current liabilities at the end of the first quarter increased by 2,743 million yen from the end of FY3/2024 to 27,710 million
yen. This was mainly due to an increase of 2,471 million yen in Income taxes payable. Non-current liabilities totaled
8,955 million yen at the end of the fiscal year, a decrease of 91 million yen from the end of FY3/2024. This was mainly
due to a decrease of 717 million yen in Long-term borrowings, despite an increase of 417 million yen in Retirement
benefit liabilities and 211 million yen in Deferred tax liabilities.
In sum, total liabilities amounted to 36,665 million yen, an increase of 2,652 million yen from the end of FY3/2024.
(Net assets)
Net assets at the end of the first quarter amounted to 36,250 million yen, up 1,807 million yen from the end of FY3/2024.
This was mainly attributable to the recording of 4,930 million yen as Profit attributable to owners of the parent, despite-3-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2025

the payment of 3,817 million yen in dividends from retained earnings.
As a result, the equity ratio was 39.4%, compared to 40.0% at the end of FY3/2024.

(3) Description of Consolidated Earnings Forecast and Other Forward-looking Information
UT Group‘s consolidated forecasts for FY3/2025 remain unchanged, as announced on May 14, 2024.

-4-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2025

2. Quarterly Consolidated Financial Statements and Significant Notes(1) Quarterly Consolidated Balance Sheets(Million yen)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Long-term prepaid expenses
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-5-

As of March 31, 2024

As of June 30, 2024

29,31822,519
8
77
2,501
(211)

32,49722,308
65
146
2,263
(267)

54,21357,013

821

853

5,560

6,211

3,719
1,984

4,148
2,111

11,264

12,471

7
6
106
1,633
410
(6)

7
5
96
2,007
464
(3)

2,157

2,578

14,242

15,90368,456

72,916

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2025(Million yen)
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Lease liabilities
Income taxes payable
Accrued consumption taxes
Provision for bonuses
Provision for bonuses for directors
Deposits received
Other

As of March 31, 2024

As of June 30, 2024

192
1,062
3,305
2,326
10,083
10
523
2,377
2,016
1
2,948
119

Total current liabilities

24,967

227
945
3,182
1,936
11,028
9
2,995
2,636
1,470
22
2,974
282
27,710Non-current liabilities
Long-term borrowings
Lease liabilities
Retirement benefit liability
Deferred tax liabilities
Other

7,900
12
700
419
13

7,182
10
1,117
630
13

Total non-current liabilities

9,046

8,955

34,01336,665

1,190
843
24,973
(0)

1,274
926
26,087(0)

27,00728,288

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

0
358

(0)
467

Total accumulated other comprehensive income

358

467

Share acquisition rights

5,862

5,813

Non-controlling interests

1,215

1,681

Total net assets

34,44336,25068,456

72,916

Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity

Total liabilities and net assets-6-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2025(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
Income(Quarterly Consolidated Statements of Income)(Million yen)
For three months
Ended June 30, 2023

For three months
Ended June 30, 2024

Net sales
Cost of sales

41,22033,49844,16436,533Gross profit

7,722

7,630

Selling, general and administrative expenses

4,929

5,707

Operating profit

2,792

1,922

1
26
0

9
31
－

9

8

Total non-operating income

3849

Non-operating expenses
Interest expenses
Foreign exchange losses
Commission expenses
Loss on valuation of derivatives
Other

35
33
6
－
2

28
0
0
63
10

Total non-operating expenses

76

103

2,753

1,868

0
528
－

0
5,916
58

529

5,975

0
13

－
－

13

－

Profit before income taxes

3,269

7,844

Income taxes

1,266

2,834

Profit

2,002

5,009

46

78

1,956

4,930

Non-operating income
Interest income
Subsidies for employment adjustment
Dividend income of insurance
Other

Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of shares of subsidiaries and associates
Gain on negative goodwill
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on termination of retirement benefit plan
Total extraordinary losses

Profit attributable to non-controlling interests
Profit attributable to owners of parent-7-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2025(Quarterly Consolidated Statements of Comprehensive Income)(Million yen)
For three months
Ended June 30, 2023

For three months
Ended June 30, 2024

2,002

5,009

Valuation difference on available-for-sale securities

00Foreign currency translation adjustment

8152

Share of other comprehensive income of entities accounted forusing equity method

0

－

9

152

2,012

5,162

1,960

5,041

51

121

ProfitOther comprehensive income

Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests-8-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2025(3) Notes to the Quarterly Consolidated Financial Statements(Note on the Assumption as a Going Concern)
Not applicable(Notes in Case of Significant Change in the Amount of Shareholders’ Equity)
1. First quarter of FY3/2024 (from April 1, 2023 to June 30, 2023)(1) Items concerning dividend
Not applicable(2) Significant change in the amount of shareholders’ equity
Based on the resolution of the Board of Directors’ meeting held in May 2023, the Company acquired 287,700 shares of
its common shares. As a result, including the repurchase of shares less than one unit, treasury shares increased by 820
million yen in the first quarter of FY3/2024, reaching 821 million yen at the end of the first quarter of FY3/2024.
2. First quarter of FY3/2025 (from April 1, 2024 to June 30, 2024)(1) Items concerning dividend
Resolved

Type ofstock

Total amountof dividends(Million yen)

Dividend per
share
(Yen)

Recorddate

Effective
date

DividendsourceBoard of Directors meeting,held on May 14, 2024

Common
stock

3,817

96.15

March 31,2024

June 24,2024

Retainedearnings

Note: The dividend per share is comprised of 96.15 yen in ordinary dividend.
(2) Significant change in the amount of shareholders’ equity
Not applicable(Application of special accounting methods for presenting consolidated financial statements)(Calculation of tax expenses)
Tax expenses are calculated by making a reasonable estimate of the effective tax rate after tax effect accounting forincome before income tax for FY3/2025 including the first quarter under review, and multiplying the said estimatedeffective tax rate by quarterly profit before income taxes.
In case that the tax expenses calculated by the estimated effective tax rate result in a significantly unreasonable amount,the legal effective tax rate is used.
(Changes in accounting policies)(Application of the “Accounting Standard for Current Income Taxes” and other relevant Accounting Standards Board ofJapan (ASBJ) regulations)UT Group began applying the “Accounting Standard for Current Income Taxes” (ASBJ Statement No. 27, October 28,
2022; the “Revised Accounting Standard of 2022”) and other relevant ASBJ regulations from the first quarter of FY3/2025.
Revisions to categories for recording current income taxes (taxation on other comprehensive income) conform to thetransitional treatment in the proviso of paragraph 20-3 of the Revised Accounting Standard of 2022 and the transitional
treatment in the proviso of paragraph 65-2 (2) of the “Guidance on Accounting Standard for Tax Effect Accounting”(ASBJ Guidance No. 28, October 28, 2022, Accounting Standards Board of Japan). This change in accounting policies
has had no impact on the Company’s quarterly consolidated financial statements. Concerning revisions related to areview of how gains and losses incurred as a result of the sale of assets such as shares of subsidiaries between
consolidated companies shown on consolidated financial statements when deferred for tax reasons, UT Group began
applying the 2022 revised Implementation Guidance from the first quarter of FY3/2025. This change in accounting policy
is being applied retroactively, and quarterly consolidated financial statements and consolidate financial statements for-9-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2025

the previous quarter and FY3/2024, respectively, reflect its retroactive application. This change in accounting policy had
no impact on the quarterly consolidated financial statements for the previous quarter or on the consolidated financial
statements for FY3/2024.

(Notes to Segment Information)
I Previous first quarter of FY3/2024 (from April 1, 2023 to June 30, 2023)
1. Sales and profit (loss) by segment(Million yen)Amounts

Reportable Business Segments
Manufacturing

Area

Solution

Engineering

Nikkei Worker

VietnamBusiness

Business

Business

Business

Business

Business

Total

Adjustment

on theamount1

consolidated
statements2

Sales
Dispatching

13,177

13,155

2,467

2,034

989

1,693

33,517－33,517

Contracting

3,081

540

1,988

112

485

464

6,672

－

6,672

557

305

38

117

0

10

1,030

－

1,030

16,816

14,001

4,493

2,264

1,475

2,168

41,220－41,22016,816

14,001

4,493

2,264

1,475

2,168

41,220－41,220

0

4

2

－

－

－

6

(6)

－

16,817

14,005

4,496

2,264

1,475

2,168

41,227(6)

41,220

1,957

772

53

121

36

(144)

2,797

(4)

2,792

Other
Revenuefrom contracts
with customers
Sales to clientsInter-segment
sales or transfers
Total
Segment profit

Notes:(1) Adjustment to segment profit of -4 million yen is elimination of inter-segment transactions.
(2) Segment profit is adjusted to correspond to operating profit in the consolidated statements of income.

2. Impairment losses of non-current assets or goodwill, etc. by reportable segment(Significant changes in the amount of goodwill)In the Vietnam Business segment, goodwill is newly recognized due to the determination of the total amount of consideration for theconditional acquisition of shares of Green Speed Joint Stock Company in October 2020.
The increase in goodwill as a result of this event was 687 million yen in the first quarter of FY3/2024.

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UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2025

II Current first quarter of FY3/2025 (from April 1, 2024 to June 30, 2024)
1. Sales and profit (loss) by segment(Million yen)Amounts on

Reportable Business Segments
Manufacturing

Area

Solution

Nikkei Worker

VietnamBusiness

Business

Business

Business

Business

Total

Adjustment

theamountconsolidated

1

statements2

Sales
Dispatching

12,754

15,933

2,949

1,564

2,538

35,741－35,741

Contracting

2,868

422

2,507

946

449

7,193

－

7,193

505

513

36

0

126

1,182

46

1,229

16,12916,869

5,493

2,511

3,114

44,11746

44,164

16,12916,869

5,493

2,511

3,114

44,11746

44,164

－

7

3

－

－

10

(10)

－

Total

16,12916,876

5,497

2,511

3,114

44,12835

44,164

Segment profit (loss)

1,263

358

105

111

42

1,882

40

1,922

Other
Revenue fromcontractswith customers
Sales to clientsInter-segment
sales or transfers

Notes: (1) The 46 million yen adjustment to sales to external clients is recorded as sales of the head office thatare not attributable to any business segment.
(2) Adjustment to segment profit (loss) of 40 million yen is elimination of inter-segment transactions.
(3) Segment profit (loss) is adjusted to correspond to operating profit in the consolidated statements of income.
2. Impairment losses of non-current assets or goodwill, etc. by reportable segment(Significant change in the amount of goodwill)
The Area Business segment includes BeNEXT Partners Inc. in the scope of consolidation following the acquisition of allof its shares in April 2024.
The increase in goodwill resulting from this event is 1,147 million yen in the first quarter of FY3/2025.
3. Information on changes in reportable segmens
Following the sale of UT Technology Co., Ltd. and UT Construction Co., Ltd. in April 2024, which made up of theEngineering Business FY3/2024 and the restructuring of the business organization, from the first quarter of FY3/2025,
the Company changed its report segments from the previous five (Manufacturing Business, Area Business, Solutions
Business, Engineering Business, and Overseas Business) to the new five segments, (Manufacturing Business, Area
Business, Solutions Business, Nikkei Worker Business, and Vietnam Business).
The operating results of each business segment are summarized as follows.
(1) Manufacturing Business: Supplying human resource and outsourcing services for major manufacturing industries.
(2) Area Business: Supplying human resource and outsourcing services dedicated to area-based.
(3) Solution Business: Accepting workers who are to be re-assigned in accordance with structural reforms in major
manufacturing industries and supply human resource and outsourcing services.
(4) Nikkei Worker Business: Supplying human resource and outsourcing services of Japanese Brazilian workers.
(5) Vietnam Business: Supplying human resource services in Vietnam.
In conjunction with the changes in reporting segments, effective from the first quarter of FY3/2025, UT Group haschanged the method of allocating corporate expenses that had not been directly allocated to each reporting segment
in order to better manage the performance of each segment.
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UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2025

The segment information for the first quarter of FY3/2024 has been prepared in accordance with the new reporting
segment classification method and the allocation of corporate expenses.
(Notes on statement of cash flows)
UT Group has not prepared a quarterly consolidated statement of cash flows for the first quarter of FY3/2025. The
amount of depreciation (including amortization of intangible assets excluding goodwill) and the amount of amortizationof goodwill for the first quarter are as follows.
(Million yen)
For three months
Ended June 30, 2023

For three months
Ended June 30, 2024

Depreciation and amortization

222

374

Goodwill amortization

232

132

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