Summary of Consolidated Financial Results for the Second Quarterof the Fiscal Year Ending March 31, 2022
(Six Months Ended September 30, 2021)[Japanese GAAP]
October 29, 2021

Company name: QUICK CO., LTD.
Listing: First Section, Tokyo Stock Exchange
Stock code:
4318
URL: https://919.jp/
Representative: Tsutomu Wano, Chairman
Contact:
Kenta Kijima, Senior Executive Officer,
General Manager of Administration and Accounting Division
Tel: +81-6-6366-0919
Scheduled date of filing of Quarterly Report:
November 11, 2021
Scheduled date of payment of dividend:
December 1, 2021
Preparation of supplementary materials for quarterly financial results: Yes
Holding of quarterly financial results meeting:Yes(All amounts are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2022
(April 1, 2021 – September 30, 2021)(1) Consolidated results of operations(Percentages represent year-on-year changes.)
Net sales

Operating profit

Profit attributableto owners of parent

Ordinary profit

Millions of yen% Millions of yen% Millions of yen% Millions of yen
12,202 18.5
2,656
39.3
2,685
32.1
1,889
Six months ended Sep. 30, 2021
Six months ended Sep. 30, 2020
10,300
1,907
2,032
1,423
Note: Comprehensive income (millions of yen) Six months ended Sep. 30, 2021:
2,219 (up 30.7%)
Six months ended Sep. 30, 2020:
1,697 (-%)
Net income per share
Diluted net income per share
Yen

%

32.7
-

Yen

Six months ended Sep. 30, 2021
100.32Six months ended Sep. 30, 2020
75.57
Note: Beginning with the first quarter of the fiscal year ending March 31, 2022, the Company has applied Accounting Standard
for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29, March 31, 2020). All figures
for the six months ended September 30, 2020 have been adjusted retroactively to conform with this accounting standard.
Accordingly, the year-on-year changes for the six months ended September 30, 2020 are not presented.

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Millions of yen

Shareholders’ equity ratio Net assets per share%

Yen

As of Sep. 30, 2021
17,146
12,41672.4
659.03As of Mar. 31, 2021
15,103
10,68770.7
567.24
Reference: Shareholders’ equity (millions of yen)
As of Sep. 30, 2021: 12,414
As of Mar. 31, 2021: 10,685
Note: Beginning with the first quarter of the fiscal year ending March 31, 2022, the Company has applied Accounting Standard
for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020). All figures as of March 31, 2021 have been adjusted
retroactively to conform with this accounting standard.

2. Dividends
1Q-endYen

2Q-endDividend per share
3Q-endYear-end

Yen

Fiscal year ended Mar. 31, 2021
18.00
Fiscal year ending Mar. 31, 2022
20.00
Fiscal year ending Mar. 31, 2022 (forecast)
Note: Revisions to the most recently announced dividend forecast: None
Note: Breakdown of dividend for the fiscal year ended Mar. 31, 2021
2Q-end: Ordinary dividend: 12.00 yen; Commemorative dividend: 6.00 yen
Year-end: Ordinary dividend: 20.00 yen; Commemorative dividend: 6.00 yen

Total

Yen

Yen

Yen

-

26.00

44.00

-

20.00

40.00

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 – March 31, 2022)
Net sales
Millions of yen(Percentages represent year-on-year changes.)
Profit attributable to
Net income
Ordinary profit
owners of parent
per share

Operating profit%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

Full year
21,400 10.5
2,486
33.2
2,500
17.8
1,706
16.6
90.56
Note: Revisions to the most recently announced consolidated earnings forecast: None
Note: Beginning with the first quarter of the fiscal year ending March 31, 2022, the Company has applied Accounting Standard
for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020). The percentages that represent year-on-year changesof the full year earnings forecast for the fiscal year ending March 31, 2022 are the figures compared with those for the fullyear earnings results for the fiscal year ended March 31, 2021 that have been adjusted retrospectively to conform with thesaid accounting standard.

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes inscope of consolidation): None
(2) Application of special accounting methods for presenting quarterly consolidated financial statements: None
(3) Changes in accounting policies and accounting-based estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards, others: Yes
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting-based estimates: None
4) Restatements: None
Note: Please refer to page 11 of the attachments “2. Quarterly Consolidated Financial Statements and Notes, (4) Notes to
Quarterly Consolidated Financial Statements (Changes in Accounting Policies)” for more details.

(4) Number of shares outstanding (common shares)
1) Number of shares outstanding at the end of the period (including treasury shares)
As of Sep. 30, 2021:

19,098,576 shares

As of Mar. 31, 2021:

19,098,576 shares

As of Mar. 31, 2021:

261,173 shares

2) Number of treasury shares at the end of the period
As of Sep. 30, 2021:

261,252 shares

3) Average number of shares outstanding during the period
Six months ended Sep. 30, 2021:

18,837,333 shares

Six months ended Sep. 30, 2020:

18,837,403 shares* The current quarterly financial report is not subject to quarterly review by certified public accountants or accounting firms.
* Explanation of appropriate use of earnings forecasts, and other special items
Forecasts and forward-looking statements in these materials are based on assumptions judged to be valid and information
available to the Company’s management at the time the materials were prepared. These materials are not promises by theCompany regarding future performance. Actual results may differ significantly from these forecasts for a number of reasons.
For discussion of the assumptions and other factors considered by the Company in preparing the above projections, please referto page 4 of the attachments “1. Qualitative Information on Quarterly Consolidated Financial Performance, (3) Explanation ofConsolidated Earnings Forecast and Other Forward-looking Statements.”

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/22

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation of Results of Operations
During the first half of the fiscal year ending March 31, 2022, the Japanese economy, despite the prolonged
spread of COVID-19, showed signs of a rebound mainly on the back of the smooth progress of vaccination in
Japan, the recovery in Western and other economies. However, the domestic economy remained uncertain because
the fifth wave of infections throughout this summer forced the Japanese government to extend state of emergency
and quasi-emergency measures, which once again restricted consumer spending and economic activities.
Meanwhile, in Japan’s labor market, the seasonally adjusted job openings-to-applicants ratio was 1.14 and theseasonally adjusted unemployment rate was 2.8% in August 2021, suggesting that a moderate recovery trend
continues, though seesawing.
Under such business environment, the Group worked on differentiating the QUICK Group from competitors andincreasing customer satisfaction by helping our client companies to solve their HR related problems by expanding
operations in new strategic market sectors and strengthening coordination between the group companies.
Furthermore, the Group strengthened the business base by restructuring the sales structure in order to boost theperformance.
As a result, we achieved sales and earnings growth, both reaching all-time highs. Net sales increased 18.5%
year-on-year to 12,202 million yen, operating profit increased 39.3% year-on-year to 2,656 million yen, ordinary
profit increased 32.1% year-on-year to 2,685 million yen, and profit attributable to owners of parent increased
32.7% year-on-year to 1,889 million yen.
Performance of the business segments is described as follows.
Beginning with the first quarter of the fiscal year ending March 31, 2022, the Company has applied AccountingStandard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) and other pronouncements(hereinafter collectively, the “Accounting Standards”). Therefore, comparisons and analysis were made using thefigures that were adjusted reflecting the retrospective application of the Accounting Standards.
In addition, the Company changed the classification of its reportable segments in the previous fiscal year. The
following year-on-year comparisons are based on the figures for the same period of the previous fiscal year,
which have been reclassified to reflect the new segment classifications.
(Human Resources Services Business)
1) Personnel Placement
In the personnel placement category, recruiting needs slowed down slightly in the automobile industry because ashortage of semiconductors and delay in parts supply from Southeast Asian countries led to a decreased
production. Meanwhile, the construction, electrical equipment, machinery and other industries have beenenhancing their hiring activities, and recruiting needs for nurses remained high. Given this business environment,
the personnel placement business for construction and pharmaceutical related categories, various types ofengineers for specific fields as well as nurses placement grew favorably. Those were the major results of ourefforts including focusing on selected categories and providing an extensive support of having more meetings
with our client companies and registrants who wish to change careers. On the other hand, the growth of childcare
professionals placement business was anemic because the state of emergency declaration and quasi-emergency
measures led to an increase in childcare at home, the cancellation and scaling down of events, which reduced
workload, improved the retention of childcare workers at each school and decreased hiring demand for full-time
employees.
2) Temporary Staffing, Temporary-to-Permanent Staffing, and Business Contracting
In the temporary staffing, temporary-to-permanent staffing and business contracting categories, in addition tolasting strong hiring needs for nurses at medical and welfare category, the needs for vaccination-related staff

1

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/22

contributed to the steady performance of temporary staffing of nurses. Meanwhile, robust demand for the
temporary staffing of childcare workers expanded the performance despite a temporary closure at some nurseryschools caused by the pandemic, vaccine leave by temporary staff and the like.
Overall, sales of the Human Resources Service Business increased 16.7% year-on-year to 8,829 million yen andoperating profit also increased 13.3% year-on-year to 2,631 million yen.
(Recruiting Business)
In the Recruiting Business, the new college graduate category saw a rigid performance in the volume ofadvertisements in our recruitment websites targeting March 2022 new college graduates and our internshipwebsites for March 2023 new college graduates, as client companies’ recruiting needs for new graduates
recovered.
In the mid-career hiring category, as hiring needs were recovering in businesses except some sectors likerestaurant and service, customer development and strengthened sales activities substantially increased the volumeof “Indeed” business, improving performance. Furthermore, the volume of recruiting advertisements for full-time
employees and part-time workers remained favorable. Meanwhile, the volume of recruiting advertisements forpotential registrants for temporary staffing improved as we saw an increased demand for recruiting advertisement
placement from temporary staffing companies that had restrained such advertisement in preparation for post-stateof emergency declaration.
Services other than the handling of recruiting advertisement also posted a higher revenue. This was thanks to theaddition of support services for recruiting activities of client companies mainly by offering a consultation on new
graduate recruiting strategy, proposing online internship programs and providing training programs for recruiters
through Jump Co., Ltd., which joined the Group in June 2020.
Overall, sales of the Recruiting Business increased 42.4% year-on-year to 1,167million yen and operating profit
was 88 million yen, compared with a loss of 140 million yen in the same period of the previous fiscal year.
(Information Publishing Business)
In the Information Publishing Business, our mainstay lifestyle information magazines stayed resilient, primarily
supported by the recovered recruiting needs of client companies and the success of the enlarged edition of
Kanazawa Joho published commemorating its 35th anniversary, although the sales promotion sentiment of ourclient companies lost momentum due to quasi-emergency measures implemented in Ishikawa and Toyama
prefectures in August 2021. “Indeed” also remained encouraging. Additionally, posting services including flyers
distributed to households with lifestyle information magazines enjoyed stable sales promotion needs by thecurrent customers and grew steadily. Furthermore, the concierge services we operate under the “cococolor” brandperformed well in the career change domain, and the housing domain benefited from the last-minute surge indemand for mortgage tax relief on a new custom-build house. Accordingly, all the domains of the concierge
services including bridal achieved revenue increase.
Overall, sales of the Information Publishing Business increased 17.7% year-on-year to 1,028 million yen andoperating profit increased 239.8% to 95 million yen.
(IT and Internet-Related Business)
In the IT & Internet-Related Business category, “Nihon no Jinjibu” (Japan’s Human Resources Department)
related service significantly increased its advertising revenues from “Nihon no Jinjibu”—our portal website for
personnel and labor relations. The increase came against a backdrop of the growing interest in improving businessefficiency and labor saving triggered by the COVID-19 pandemic and the recovery of operating performance ofrecruiting and HR development-related companies. Furthermore, the online HR related event, “Nihon no Jinjibu
HR Conference 2021-Spring-” held in May 2021 hit a record high in revenue as well as in the number of
exhibiters and participants, which contributed to an increase in revenue from “Nihon no Jinjibu” related services.

2

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/22

As for the system development category, a gradual recovery of system investment spurred the competition for
acquiring development engineers to meet such demands. In such a situation, the operating performance expanded
steadily as a result of our efforts to expand a customer base through proactively soliciting new projects andcatering for customers’ delicate needs. This strong result was also attributable to securing human resources fordevelopment projects mainly by transferring our engineers from the learning business. Meanwhile, the learning
field posted decreased revenue as the COVID-19 pandemic still forced many companies to restrain investments
for IT-related trainings although we focused on receiving orders for a training program designed for each client.
Overall, sales of the IT and Internet-Related Business increased 12.7% year-on-year to 742 million yen andoperating profit also increased 58.8% year-on-year to 234 million yen.
(Overseas Business)
In North and Central America (notably in the U.S. and Mexico), the operating performance of the personnel
placement business expanded because the U.S. saw a continued improvement in hiring sentiment against a
backdrop of the recovery of the economic environment along with the progress of vaccination, and also because
Mexico saw the recovery in hiring sentiment to the level of that before COVID-19. Furthermore, the temporary
staffing business in the U.S. turned into an upward trend.
In Asia (notably in China, Vietnam, and Thailand), the personnel placement business in China reported a
year-on-year increase in revenue as an increasing number of corporations resumed hiring activities along with themoderate domestic economic recovery thanks to settling down of the spread of COVID-19 infections. In addition,
personnel and labor consulting business remained favorable, enjoying increased orders for agency business forvisa application services and education/training services on top of advisory services. In Vietnam, where a harshbusiness environment continued due primarily to immigration restrictions, the personnel placement businessexpanded against a backdrop of an improved hiring sentiment of local Japanese companies, which was
attributable primarily to the establishment of a quarantine scheme for foreign visitors. Also in Thailand, thepersonnel placement business achieved a year-on-year increase in revenue as a result of the efforts to strengthen
promotional activities to approach Chinese and Taiwanese companies, the U.S. and European countries, and Thai
local companies, let alone local Japanese companies.
In the U.K., the hiring sentiment turned into a positive trend caused by a decrease in the number of infections
toward the end of the first quarter thanks to the third lockdown in response to the spread of COVID-19 infections.
Accordingly, the personnel placement services as well as temporary staffing services made a significant
improvement although some companies prolonged a candidate selection period given the postponement of thelifting of the lockdown in the second quarter.
The Company’s Global Business Division also give sales supports to overseas companies and worked on
promoting the international career change supports (Cross Border Recruitment services) to attract more local
registrants who want to change careers, and supporting other activities.
Overall, sales of the Other Businesses increased 13.3% year-on-year to 434 million yen and operating profit was
10 million yen, compared with a loss of 53 million yen in the same period of the previous fiscal year.
(2) Explanation of Financial Position
1) Assets, liabilities and net assets
Total assets at the end of the second quarter of the fiscal year under review were 17,146 million yen, which was
2,042 million yen more than at the end of the previous fiscal year. This was mainly the result of increases in cash
and deposits and investment securities.
Total liabilities were 4,730 million yen, which was 313 million yen more than at the end of the previous fiscal
year. This was mainly the result of increases in income taxes payable and accrued consumption taxes despite
decreases in accounts payable-trade, short-term borrowings, accounts payable-other.
Total net assets were 12,416 million yen, which was 1,729 million yen more than at the end of the previous fiscal
3

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/22

year. This was mainly the result of an increase in retained earnings due to the booking of profit attributable toowners of parent. The shareholders’ equity ratio improved 1.7 percentage points from the end of the previous
fiscal year to 72.4%.
2) Cash flows
Cash and cash equivalents (hereinafter “net cash”) increased 1,340 million yen from the end of the previous fiscal
year to 9,438 million yen at the end of the second quarter of the fiscal year under review. Outflows included
income taxes paid and dividends paid, while inflows included profit before income taxes.
Cash flows by category are as follows.
Cash flows from operating activities
Net cash provided by operating activities increased 66.1% year-on-year to 2,237 million yen. Negative factors
include an increase in trade receivables of 258 million yen and income taxes paid of 295 million yen. Positive
factors include profit before income taxes of 2,684 million yen.
Cash flows from investing activities
Net cash used in investing activities increased 16.0% year-on-year to 260 million yen. Negative factors include
purchase of property, plant and equipment and intangible assets of 260 million yen.
Cash flows from financing activities
Net cash used in financing activities was 656 million yen, compared with 281 million yen provided in the same
period of the previous fiscal year. Negative factors include a 159 million yen decrease in short-term borrowingsand dividends paid of 488 million yen.
(3) Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements
At this point, there are no revisions to the full-year consolidated earnings forecasts for the fiscal year ending
March 31, 2022, which were announced in the “Summary of Consolidated Financial Results for the Fiscal Year
Ended March 31, 2021 (Japanese GAAP)” on April 28, 2021.
An announcement will be made promptly if the review of impact on the QUICK Group’s business performancerequires a revision to this forecast.

4

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/22

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheet(Thousands of yen)
Second quarter of FY3/22(As of Sep. 30, 2021)

FY3/21(As of Mar. 31, 2021)
AssetsCurrent assets
Cash and deposits

8,151,779

9,495,044

Notes and accounts receivable-trade

1,989,492

2,163,864

Other324,936

295,276

Allowance for doubtful accounts(2,397)(2,513)

10,463,810

11,951,672

835,006

814,473

2,242

2,679

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Vehicles, net
Tools, furniture and fixtures, net

99,15986,037

Land

276,869

276,869

Leased assets, net

8,244

6,963

-

27,5001,221,521

1,214,523

Software629,824

765,830

Software in progress

127,079

108,535

Goodwill

69,517

66,331

Construction in progress
Total property, plant and equipment
Intangible assets

Other

10,65910,659Total intangible assets

837,080

951,357

Investment securities

1,732,291

2,171,539

Leasehold deposits

685,835

682,008

Deferred tax assets

105,202120,964

Other

62,336

61,793

Investments and other assets

Allowance for doubtful accounts(4,318)(7,210)Total investments and other assets

2,581,347

3,029,096

4,639,949

5,194,977

15,103,760

17,146,649

Total non-current assets
Total assets

5

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/22(Thousands of yen)
Second quarter of FY3/22(As of Sep. 30, 2021)

FY3/21(As of Mar. 31, 2021)
Liabilities
Current liabilities
Accounts payable-trade492,089

335,934

Short-term borrowings

299,957

140,302

Accounts payable-other

1,088,965

864,328

Accrued expenses

544,457

601,722

Income taxes payable

331,134

885,469

Accrued consumption taxes

284,294

440,027

Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Asset retirement obligations

594,263669,62135,310

-

570

-

Other

418,942352,613

4,089,986

4,290,019

Deferred tax liabilities

210,889

327,475

Asset retirement obligations

98,856

99,613

Total current liabilities
Non-current liabilities

Other

16,541

12,938

Total non-current liabilities

326,287

440,027

4,416,273

4,730,046

Share capital

351,317351,317

Capital surplus

391,392

391,392

Retained earnings

8,879,353

10,279,258

Treasury shares(16,005)(16,100)

Total shareholders’ equity

9,606,057

11,005,868

Valuation difference on available-for-sale securities

1,092,767

1,395,602

Foreign currency translation adjustment(13,579)

12,806

Total accumulated other comprehensive income

1,079,188

1,408,409

2,241

2,325

10,687,486

12,416,603

15,103,760

17,146,649

Total liabilities
Net assets
Shareholders’ equity

Accumulated other comprehensive income

Non-controlling interests
Total net assets
Total liabilities and net assets

6

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/22(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(For the Six-month Period)First six months of FY3/21(Apr. 1, 2020 – Sep. 30, 2020)(Thousands of yen)First six months of FY3/22(Apr. 1, 2021 – Sep. 30, 2021)

Net sales

10,300,049

12,202,745

Cost of sales

3,512,801

3,903,710

Gross profit

6,787,247

8,299,035

Selling, general and administrative expenses

4,879,674

5,642,489

Operating profit

1,907,572

2,656,545

937

790

Non-operating income
Interest income
Dividend income

5,557

4,421

Subsidy income

112,615

6,484

Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets

8,258

17,936

127,369

29,634

2,323

1,069

47

47

2,370

1,117

2,032,571

2,685,062

231

-

11

782

Office relocation expenses

7,569

-

Total extraordinary losses

7,812

782

2,024,758

2,684,280

Profit before income taxes
Income taxes-current

491,388826,750

Income taxes-deferred

112,241(31,656)

Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

7603,630

795,094

1,421,128

1,889,186(2,428)(491)

1,423,557

1,889,677

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/22

Quarterly Consolidated Statement of Comprehensive Income(For the Six-month Period)First six months of FY3/21(Apr. 1, 2020 – Sep. 30, 2020)(Thousands of yen)First six months of FY3/22(Apr. 1, 2021 – Sep. 30, 2021)

1,421,128

1,889,186

294,966

302,834(18,863)

27,015

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

8

276,103329,850

1,697,231

2,219,037

1,699,527

2,218,898(2,296)138

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/22(3) Quarterly Consolidated Statement of Cash Flows(Thousands of yen)First six months of FY3/21
First six months of FY3/22(Apr. 1, 2020 – Sep. 30, 2020) (Apr. 1, 2021 – Sep. 30, 2021)
Cash flows from operating activities
Profit before income taxes
Depreciation

2,024,758

2,684,280

102,587

138,252

Amortization of goodwill

6,369

7,184

Increase (decrease) in allowance for doubtful accounts

(307)

3,007

(316,952)

74,687(42,000)(35,310)(6,494)(5,212)

2,323

1,069

231

-

Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for directors(and other officers)
Interest and dividend income
Interest expenses
Loss (gain) on sale of non-current assets
Loss on retirement of non-current assets

11

782

7,569

-

Decrease (increase) in trade receivables

384,059(258,055)

Increase (decrease) in trade payables(231,651)(150,337)

Relocation expenses

Increase (decrease) in accrued consumption taxes(1,364)

154,460

Other, net(56,730)(85,210)

Subtotal

1,872,410

2,529,600

Interest and dividends received
Interest paid

6,495

5,212

(2,392)(1,049)

Income taxes paid

(529,411)(295,905)

Net cash provided by (used in) operating activities

1,347,102

2,237,858

Cash flows from investing activities
Net decrease (increase) in time deposits

(705)

(516)

Purchase of property, plant and equipment(49,716)(39,244)

Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from purchase of shares of subsidiaries resulting
in change in scope of consolidation
Other, net
Net cash provided by (used in) investing activities

439-(182,818)(221,680)(2,861)(3,003)

11,362

-

-

4,325

(224,299)(260,119)

653,819(159,655)

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings

66,448-

Repayments of long-term borrowings(5,085)(7,170)

Repayments of lease obligations
Dividends paid
Other, net
Net cash provided by (used in) financing activities(1,523)(1,264)(431,708)(488,544)-(94)

281,950(656,728)

Effect of exchange rate change on cash and cash equivalents(14,196)

19,838Net increase (decrease) in cash and cash equivalents

1,390,557

1,340,849

Cash and cash equivalents at beginning of period

7,415,291

8,097,700

Cash and cash equivalents at end of period

8,805,848

9,438,549

9

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/22(4) Notes to Quarterly Consolidated Financial Statements
Segment Information
I. First six months of FY3/21 (Apr. 1, 2020 – Sep. 30, 2020)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment
Human
Resources
Services
Business

Recruiting
Business

Information
Publishing
BusinessIT &Overseas
Internet-Related BusinessBusiness(Note 3)

Total

(Thousands of yen)Amount in thequarterly
Adjustment consolidated(Note 1) statement ofincome(Note 2)

Net sales
Revenue fromcontracts with
7,563,841
820,002873,823
658,974
383,407 10,300,049
10,300,049
customers
Other revenue
Sales toexternal
7,563,841
820,002873,823
658,974
383,407 10,300,049
10,300,049
customers
Inter-segment
sales and
3,176
4,082
4,049
31,026668
43,003 (43,003)
transfers
Total
7,567,018
824,084
877,872
690,000
384,076 10,343,052 (43,003)
10,300,049
Segment
2,322,823 (140,703)
28,155
147,616 (53,797) 2,304,094 (396,521)
1,907,572
profit (loss)
Notes: 1. The (396,521) thousand yen adjustment to segment profit (loss) includes elimination for inter-segment transactionsof 59,949 thousand yen, and (456,471) thousand yen in company-wide costs that cannot be allocated to any specificreportable segments. Company-wide costs consist primarily of expenses related to the administration division which
are not attributable to any reportable segments, including general affairs and accounting at the Company.
2. Segment profit (loss) is adjusted with operating profit shown on the quarterly consolidated statement of income.
3. Countries and regions included in the Overseas Business are Japan, U.S. China, Mexico, U.K., Vietnam andThailand.
2. Information pertaining to impairment losses of non-current assets, goodwill, etc. in reportable segments
Not applicable.
II. First six months of FY3/22 (Apr. 1, 2021 – Sep. 30, 2021)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment
Human
Resources
Services
Business

Recruiting
Business

Information
Publishing
BusinessIT &Overseas
Internet-Related BusinessBusiness(Note 3)

Total

(Thousands of yen)Amount in thequarterly
Adjustment consolidated(Note 1) statement ofincome(Note 2)

Net sales
Revenue fromcontracts with 8,829,150 1,167,637
1,028,638
742,813 434,505 12,202,745- 12,202,745
customers
Other revenue
Sales toexternal
8,829,150 1,167,637
1,028,638
742,813 434,505 12,202,745- 12,202,745
customers
Inter-segment
sales and
192
6,649
3,594
47,91658,352 (58,352)
transfers
Total
8,829,343 1,174,286
1,032,232
790,730 434,505 12,261,098 (58,352)
12,202,745
Segment
2,631,951
88,36895,660234,415
10,531
3,060,926 (404,381)
2,656,545
profitNotes: 1. The (404,381) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
63,069 thousand yen, and (467,450) thousand yen in company-wide costs that cannot be allocated to any specificreportable segments. Company-wide costs consist primarily of expenses related to the administration division which
are not attributable to any reportable segments, including general affairs and accounting at the Company.
2. Segment profit is adjusted with operating profit shown on the quarterly consolidated statement of income.
3. Countries and regions included in the Overseas Business are Japan, U.S. China, Mexico, U.K., Vietnam andThailand.

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QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/22

2. Information related to revisions for reportable segments(Revisions for reportable segments)
In the previous fiscal year, the Company conducted revisions for reportable segments. Accordingly, the segment
information for the first six months of FY3/21 are reported based on the reportable segment categories after the revision.
(Changes in accounting policies)
Beginning with the first quarter of FY3/22, the Company has applied Accounting Standard for Revenue Recognition(ASBJ Statement No. 29, March 31, 2020) and changed the method of accounting for the revenue recognition andmeasuring profit and loss in reportable segment.
Also, the segment information for the first six months of FY3/21 are reported using the method of measuring profit andloss after the change.
3. Information pertaining to impairment losses of non-current assets, goodwill, etc. in reportable segments
Not applicable.

This summary report is solely a translation of “Kessan Tanshin” (in Japanese, including attachments), which has been
prepared in accordance with accounting principles and practices generally accepted in Japan, for the convenience of readers
who prefer an English translation.

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