Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2019
[Japanese GAAP]
April 26, 2019

Company name: QUICK CO., LTD.

Listing: First Section, Tokyo Stock Exchange
URL: https://919.jp/

Stock code:
4318
Representative: Tsutomu Wano, President
Contact:
Yasuhiko Hirata, Director, Executive Officer,
General Manager of Administration and Accounting Division
Tel: +81-6-6366-0919
Scheduled date of Annual General Meeting of Shareholders:June 20, 2019
Scheduled date of filing of Annual Securities Report:
June 20, 2019
Scheduled date of payment of dividend:
June 21, 2019
Preparation of supplementary materials for financial results:
Yes
Holding of financial results meeting:Yes(All amounts are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2019 (April 1, 2018 – March 31, 2019)(1) Consolidated results of operations
Net sales(Percentages represent year-on-year changes.)
Profit attributable toOrdinary profit
owners of parent

Operating profit

Millions of yen% Millions of yen% Millions of yen

Fiscal year ended Mar. 31, 201919,173 14.3
2,581 17.4
Fiscal year ended Mar. 31, 2018
16,775 15.1
2,198 10.0
Note: Comprehensive income (millions of yen) Fiscal year ended Mar. 31, 2019:
Fiscal year ended Mar. 31, 2018:% Millions of yen

2,818 22.5
2,300 10.9
2,025 (up 12.4%)
1,802 (up 14.4%)

1,966
1,627

%

20.8
17.0

Net income per
Diluted net
Ordinary profit to Operating profit
Return on equity
share
income per sharetotal assets
to net sales
%
%
%
Yen
Yen
Fiscal year ended Mar. 31, 2019104.40
25.7
24.5
13.5
Fiscal year ended Mar. 31, 2018
86.62
25.5
23.5
13.1
Reference: Equity in earnings of affiliates (millions of yen): Fiscal year ended Mar. 31, 2019: - Fiscal year ended Mar. 31, 2018: -(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Shareholders’ equity ratio Net assets per share

Millions of yen%

As of Mar. 31, 201912,592
8,358
As of Mar. 31, 2018
10,451
6,977
Reference: Shareholders’ equity (millions of yen)
As of Mar. 31, 2019:
8,357

Yen

66.4
66.6
As of Mar. 31, 2018: 6,964

443.19370.72(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

2,354
1,432

(332)
(490)

(746)
(634)

6,334
5,014

Fiscal year ended Mar. 31, 2019
Fiscal year ended Mar. 31, 2018

2. Dividends
Dividend per share
1Q-endFiscal year ended Mar. 31, 2018
Fiscal year ended Mar. 31, 2019
Fiscal year ending Mar. 31, 2020
(forecasts)

2Q-end3Q-end Year-end

Total
dividends

Total

Yen

Yen

Yen

Yen

-

17.00
19.00

-

18.00
23.00

35.00
42.00

-

22.00

-

22.00

44.00

Payout ratio(consolidated)

Yen Millions of yen

657
792

Dividends to
net assets(consolidated)

%

%

40.4
40.2

10.3
10.3

41.6

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2020 (April 1, 2019 – March 31, 2020)
Net salesFirst half
Full year(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%

Millions of yen%

Yen

10,80020,940

8.7
9.2

2,221
2,920

10.1
13.1

2,237
2,950

10.0
4.7

1,498
1,995

8.3
1.5

79.48
105.84

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes inscope of consolidation): None
(2) Changes in accounting policies and accounting-based estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards, others: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting-based estimates: None
4) Restatements: None

(3) Number of shares outstanding (common shares)
1) Number of shares outstanding at the end of the period (including treasury shares)
As of Mar. 31, 2019:19,098,576 shares

As of Mar. 31, 2018:19,098,576 shares

As of Mar. 31, 2018:311,127 shares

2) Number of treasury shares at the end of the period
As of Mar. 31, 2019:

241,173 shares

3) Average number of shares outstanding during the period
Fiscal year ended Mar. 31, 2019:18,834,400 sharesFiscal year ended Mar. 31, 2018:18,787,518 shares

Reference: Summary of Non-consolidated Financial Results
Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2019 (April 1, 2018 – March 31, 2019)(1) Non-consolidated results of operations(Percentages represent year-on-year changes.)
Net sales
Millions of yen

Fiscal year ended Mar. 31, 2019
Fiscal year ended Mar. 31, 2018

Fiscal year ended Mar. 31, 2019
Fiscal year ended Mar. 31, 201812,59910,989Operating profit% Millions of yen

14.7
11.8

1,955
1,802

Ordinary profit% Millions of yen

8.5
15.2

2,253
2,077

Profit% Millions of yen

8.4
15.4

1,634
1,549

%

5.4
23.4

Net income per share Diluted net income per share
Yen
Yen
86.77
82.50
-

(2) Non-consolidated financial position
Total assets
Millions of yen

Net assets

Shareholders’ equity ratio Net assets per share

Millions of yen

As of Mar. 31, 2019
10,424
7,524
As of Mar. 31, 2018
8,951
6,391
Reference: Shareholders’ equity (millions of yen):
As of Mar. 31, 2019:

%

7,524

72.2
71.4
As of Mar. 31, 2018:

Yen

399.00340.22
6,391* The current financial report is not subject to audits by certified public accountants or accounting firms.
* Explanation of appropriate use of earnings forecasts, and other special items
Cautionary statement with respect to forward-looking statements
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. Overview of Results of Operations (4) Outlook.”QUICK CO., LTD. (4318) Financial Results for FY3/19

1. Overview of Results of Operations(1) Results of Operations
During the fiscal year ended March 31, 2019 (“the fiscal year under review”), the Japanese economy continued
recovering at a moderate pace, backed by a pick-up in consumer spending as well as export and production
activities driven by improvement in corporate earnings, employment and personal income. However, a series ofnatural disasters including the torrential rains that hit western Japan and some earthquakes partially caused theeconomic recovery to stall at one point. Despite a modest pick-up of production activities as disaster impacts have
gradually been alleviated since last fall, the economic outlook remains unclear due to a range of factors such as ahike in labor cost caused by the tightened labor market at home and concerns abroad over the trade conflict
between the U.S. and China, the management of the U.S. administration, Brexit-related issues, and uncertainties
in overseas economies represented by the slowdown of the European and Chinese economies.
In Japan’s labor market, a shortage of workers is becoming more severe in a wide range of sectors as
demonstrated by the fact that the number of business failures due to factors related to labor shortage reached arecord high. In February 2019, all the employment-related indicators reflected Japan’s labor shortage. Amongothers, the seasonally adjusted job openings-to-applicants ratio was 1.63, the seasonally adjusted job
openings-to-applicants ratio for full-time employees was 1.15, and the seasonally adjusted unemployment rate
was 2.3%.
Given this business environment, the QUICK Group reinforced existing services, expanded operations in new
strategic market sectors and developed new services. All activities are aimed at differentiating the QUICK Group
from competitors and increasing customer satisfaction by helping solve recruiting and other labor-related
problems at client companies. Furthermore, the Group has been building a stronger foundation for business
operations by aggressively recruiting people with outstanding skills and making other investments in humanresources.
As a result, both sales and earnings were higher for the ninth consecutive year, reaching all-time highs. Net sales
increased 14.3% year-on-year to 19,173 million yen, operating profit increased 17.4% year-on-year to 2,581
million yen, ordinary profit increased 22.5% year-on-year to 2,818 million yen, and profit attributable to ownersof parent increased 20.8% year-on-year to 1,966 million yen.
It is noted that the growth of earnings for the fiscal year under review is partially contributed to by subsidy
income of 198 million yen recognized as non-operating income, which was granted to subsidize the construction
costs of Koguma no Mori Minoh Nursey School opened in October 2018 by WORK PROJECT, Inc., one of ourconsolidated subsidiaries.
Performance of the business segments (consisting of reportable segments and other businesses) is described asfollows.
(Human Resources Services Business)
1) Personnel Placement
The personnel placement category continued enjoying strong recruiting demand for employees in the construction,
civil engineering, manufacturing and other business sectors, as well as that for nurses at hospitals, nursing carefacilities and other health care facilities. As a result, the category steadily expanded its net sales for both in theplacements of nurses and professionals and technical staff to the companies. However, our competitiveenvironment has become ever more severe in response to the competition against other companies for obtaining
job applicants and emergence of job search engine as a new recruiting service offering to cater for diversifying
recruiting methods. Under this situation, the Group focused on distinguishing itself from other competitors,
enhancing the brand awareness, and improving registrants’ satisfaction. For that in mind, we conducted more
effective promotional activities and website management, expanded our range of services, and provided bettersupport for the registrants.

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QUICK CO., LTD. (4318) Financial Results for FY3/19

2) Temporary Staffing, Temporary-to-Permanent Staffing and Business Contracting
In the temporary staffing, temporary-to-permanent staffing, and business contracting category, strong demand
continued for the temporary placement of workers in the medical and welfare sectors and of childcare workers.
Because of the labor shortage associated with a declining unemployment rate in Japan, many companies are still
having a great difficulty hiring personnel who can work full-time as a regular employee, temporary staff, or thoseworking in any other form of employment. Therefore, the operating results for our part-time staff placement
remained strong, mainly for the IT and internet sectors as well as for clerical jobs.
Overall, the segment sales increased 16.0% year-on-year to 11,499 million yen and operating profit increased
14.3% year-on-year to 1,984 million yen.
(Recruiting Business)
In the Recruiting Business segment, the volume of recruiting advertisements for registered temporary staff in the
mid-year hiring category continued to be strong against the backdrop of the persistent severity of the labor
shortage in a wide range of sectors in Japan. The volume of recruiting advertisements for hiring full-time
employees and part-time workers also remained firm.
In the new college graduate category, the operating results remained steady. A continued student-dominant seller’smarket caused the volume of business to expand, mainly for recruiting advertisements targeting college students
expected to graduate in March 2020 and services involving joint information meetings, exhibits and otherrecruiting events, for both of which we started marketing from March 2019.
Furthermore, the category also enjoyed a solid performance for consulting services to help enhance theeffectiveness of the clients’ websites and advertisements for recruitment, outsourcing of HR functions forundertaking part of recruiting operations, training, suitability examination and other services.
Overall, the segment sales increased 7.2% year-on-year to 3,960 million yen and operating profit increased 13.8%
year-on-year to 1,003 million yen.
(Information Publishing Business)
In the Information Publishing Business, we continued achieving solid performance for life-style magazines.
Specifically, the “Enlarged Spring Edition” issued in March of “Kanazawa Joho,” a free-paper distributed mainlyin Kanazawa City, recorded the highest ever sales for a single issue, and “Takaoka Joho,” a magazine newly
published during the fiscal year under review, also contributed to an increase in net sales. Furthermore, “Iezukuri
Navi,” a housing information magazine in Hokuriku, remained solid by meeting the clients’ promotional needs for
capturing the last-minute demand before the scheduled increase in the consumption tax rate. “Kekkon SANKA,” awedding information magazine in Hokuriku, pursued to establish a new revenue model by starting a fee-charging
web media in addition to the existing paper media. Meanwhile, in the services other than media, sales fromposting services including flyers inserted in newspapers increased steadily as a result of entry into Takaoka areaand price revision. Moreover, the concierge services we operate under the “Cococolor” brand significantly
expanded in all the service lines of house designing, wedding, and particularly, career change.
Overall, the segment sales increased 12.4% year-on-year to 1,980 million yen and operating profit increased 52.4
times over the previous fiscal year to 178 million yen.
(Other businesses)
1) Internet-Related Business
Against the backdrop of labor shortage in the corporate sector due to improved employment situation, emergenceof a range of personnel and labor related services leveraging HR Tech, and the enforcement of the Act on the
Arrangement of Related Acts to Promote Work Style Reform (“Laws Related to Work Style Reform”) in April thisyear and other factors, the Internet-Related Business category saw an increasing interest in HR solution
businesses that support corporate clients’ personnel strategies for recruiting, nurturing and retaining employees

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QUICK CO., LTD. (4318) Financial Results for FY3/19

and enriching employee welfare, thereby improving productivity. As a result, demand continued to be strong for
promotional activities by human resources service companies, leading to a steady increase in advertising revenues
at “Nihon no Jinjibu” (Japan’s Human Resources Department), an information portal site for human resources andlabor relations.
2) Overseas Businesses
In the Overseas Business, QUICK USA, Inc. continued to be faced with a seller’s market for job seekers given thesituation where the strong willingness of the U.S. domestic companies to hire people caused the unemployment
rate to decline constantly and the tightened labor visa acquisition for foreigners further intensified competition
among Japanese companies to hire Japanese-English bilingual staff. Under these circumstances, the company
successfully increased its business performance in personnel placement as it focused on providing services finely
tuned to cater for both recruitment companies and job seekers and improving contract terms and conditions.
Shanghai QUICK CO., LTD. was successful in discovering the finest details of clients’ needs for acquiring
competent talent and fostering existing employees given the Chinese market situation characterized by a lesswillingness to hire people due to the weakening business confidence and uncertainty over its future caused by thetrade conflict between the U.S. and China, and a high turnover rate that more than offset such a negative factor.
Because of the market characteristic where worker’s rights are strong, demands for amendment of HR related
rules and systems have been increasing to address and avoid labor problems. As a result, the category
substantially increased its business performance of recruitment consulting services as well as personnel and laborconsulting services.
QUICK GLOBAL MEXICO, S.A. DE C.V. continued enjoying strong demand from locally operated Japanesecompanies for interpreters and salespeople. In addition, the company stepped up its efforts to attract new
registration of job seekers by holding job change seminars that targeted individuals who are bilingual in Japaneseand Spanish, leading to an increase in the number of registrants. As a result, the personnel placement category
enjoyed a solid performance.
Under uncertainty over the outlook of the Brexit-related issues, Centre People Appointments Ltd. continued
expanding the personnel placement and temporary staffing businesses by securing recruiting demand from local
Japanese companies, encouraging more people to get registered through its registration website, and consistently
strengthening the sales structure.
QUICK VIETNAM CO., LTD. also showed an excellent performance of recruitment support services for local
Japanese companies, notably in the construction, apparel and IT industries.
Moreover, QUICK GLOBAL CO., LTD. provided support services to expand our foreign operations including
support for the overseas subsidiaries and affiliates to acquire new registrants and provision of trainings before
being assigned abroad.
Overall, sales of other businesses increased 23.4% year-on-year to 1,732 million yen and operating profit
increased 10.8% year-on-year to 219 million yen.
(2) Financial Position
AssetsTotal assets at the end of the fiscal year under review increased 20.5%, or 2,141 million yen, year-on-year to
12,592 million yen. This was mainly the result of increases in cash and deposits, and buildings and structures.
Liabilities
Total liabilities at the end of the fiscal year under review increased 21.9%, or 759 million yen, year-on-year to4,233 million yen. This was mainly the result of increases in income taxes payable and accounts payable-otherdespite a decrease in accounts payable-trade.

3

QUICK CO., LTD. (4318) Financial Results for FY3/19

Net assets
Total net assets at the end of the fiscal year under review increased 19.8%, or 1,381 million yen, year-on-year to
8,358 million yen. This was mainly the result of an increase in retained earnings due to the booking of profit
attributable to owners of parent. The shareholders’ equity ratio decreased 0.2 percentage points from the end of
the previous fiscal year to 66.4%.
Effective from the beginning of the fiscal year under review, the Company applied the Partial Amendments to
Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan (ASBJ) Statement No. 28,
February 16, 2018) and other related pronouncements. Accordingly, the financial position is compared against thevalues at the end of the previous fiscal year after applying retrospective treatment.
(3) Cash Flows
Cash and cash equivalents (hereinafter “net cash”) increased 1,319 million yen from the end of the previous fiscal
year to 6,334 million yen at the end of the fiscal year under review. Outflows included income taxes paid and cash
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 64.3% year-on-year to 2,354 million yen. Negative factors
include income taxes paid of 621 million yen and an increase of 115 million yen in leasehold deposits. Positive
factors include profit before income taxes of 2,815 million yen.
Cash flows from investing activities
Net cash used in investing activities decreased 32.3% year-on-year to 332 million yen. Negative factors include
purchase of non-current assets of 326 million yen.
Cash flows from financing activities
Net cash used in financing activities increased 17.7% year-on-year to 746 million yen. Negative factors include
cash dividends paid of 695 million yen.
(4) O utlook
The Japanese economy continues to recover slowly with the support of healthy corporate earnings and improved
employment and income environment. However, we need to be cautious about the future of the Japanese economy,
given the possible impacts of uncertainty over overseas economies such as economic slowdown in the European
Union and China, the trade conflict between the U.S. and China, and the Brexit-related issues from the European
Union, in addition to the consumption tax increase to be effective as of October 2019 at home.
Whereas the Japanese government is pursuing initiatives to raise productivity by using IT and ensure a sufficient
supply of workers by hiring female and elder workers, labor shortage is a prevalent issue in various industries andthe work-style reform related laws enforced in April 2019 set the limit on the overtime hours, therefore we do not
anticipate that there will be a significant progress in solving Japan’s labor shortage.
In the Human Resources Services Business, we will strengthen operations in the existing domains of personnel
placement market and cultivate the new category of job placements for specialists. As we foresee intensifiedcompetition for registrants with such emerging competitors as search engines that offer new personnel placement
services, in addition to existing competitors, we aim to increase the number of registrants for personnel
placements by enriching contents on the websites we operate and services for our registrants in each businessdomain, increasing other promotional activities, and enhancing brand power of each website. At the same time,
we will focus on developing the skills of newly hired employees and strengthening our organization by actively
hiring competent employees and providing an extensive training program.
4

QUICK CO., LTD. (4318) Financial Results for FY3/19

In the temporary staffing, temporary-to-permanent staffing and business contracting category, Japan’s improved
employment situation has created a growing tendency to look for a full-time employee status. As a result,companies find it still difficult to acquire new registrants who wish to work full-time as a temporary staff. As we
expect that even more Japanese companies will proactively hire part-time staff, we will leverage the dedicatedwebsite named “Haken de Part” to attract registrants for part-time staff and step up our sales efforts including
inside sales. In the medical and welfare sectors we plan to hoist our sales efforts in home nursing and health carefields by revising the dedicated website named “Medicare Career.” In the childcare temporary staffing domain,
we will expand the content of the dedicated website named “Hoitomo Osaka” for placement of childcare
professionals to attract registrants, raise the awareness of this website brand and boost our sales efforts aimed atenhancing productivity.
In the Recruiting Business, we will strive to elevate our productivity by implementing position-specific trainings
and strengthening our sales and advertising work structure. We also aim to further enhance customer development
through stepping up sales activities as the whole organization by enriching the contents of our own promotional
website named “Saiyo Salon” and boosting the inside sales. Further, in response to recruiting challenges ourclient companies are facing, we will pursue client companies’ success in recruiting activities and their satisfaction
through strengthened consulting sales activities with high added value by providing multi-perspective, one-stop
services ranging from proposing on recruitment method and process to addressing follow-up issues after hiring
new employees.
In the Information Publishing Business, we will cultivate a new customer base for lifestyle information magazinesand consequently increase the volume and variety of information of our media, which will make our publishing
and websites more appealing for users. We will also extend our services for subscribers to attract increasing
number of supporters, thus securing the leading position in local media. In the housing and bridal domain, we willmeet the promotion needs of our clients both in the paper publications and web services. In the posting business,
we will augment operating performance by expanding services and developing customers in each area including
Takaoka. In concierge (face-to-face consultation) services, we aim to develop customers in the existing fields ofthe career change domain, as well as new business sectors and jobs. In the housing and bridal domain, we will
strengthen the ability to attract customers and enhance the quality of services.
In the Internet-Related Business, we aim to achieve a further penetration of “Nihon no Jinjibu” brand and a
growth of the target membership by boosting promotion and renewing the pages on our core “Nihon no Jinjibu”
website. Furthermore, we will devise the contents of the “Nihon no Jinjibu” website for the members to be able toactively disseminate information on the website; our aim is to augment the number of active users by offering
them opportunities for sharing information and exchanging personnel among the members in order to assist clientcompanies with activities to promote sales of their products and services and attract more customers.
In the Overseas Business, we will continue to further strengthen personnel placement and temporary staffing andpersonnel and labor consulting in each country. We aim to establish ourselves as a partner that helps resolve
human resources issues at client companies and to reinforce our earnings base. We also focus on the Cross Border
Recruitment services, career change support services for those who seek a job internationally.
As a result, we expect consolidated net sales of 20,940 million yen (up 9.2% year-on-year), operating profit of
2,920 million yen (up 13.1%), ordinary profit of 2,950 million yen (up 4.7%), and profit attributable to owners ofparent of 1,995 million yen (up 1.5%) for the fiscal year ending March 31, 2020.
Consolidated financial results for the fiscal year under review include subsidy income of 198 million yen as
non-operating income, which was granted for WORK PROJECT, Inc.’s opening a certified nursery school at
Minoh City in Osaka prefecture. As we do not foresee any extraordinary item of this sort in the fiscal year ending
March 31, 2020, the outlook of consolidated earnings forecast for the fiscal year ending March 31, 2020 shows arelatively low growth rate in ordinary profit and profit attributable to owners of parent compared to the growthrate in operating profit.

5

QUICK CO., LTD. (4318) Financial Results for FY3/19(5) Basic Policy for Profit Distribution and Dividends in the Current and Next Fiscal Years
The Company positions the return of profits to shareholders as a priority management issue and endeavors toachieve sustainable growth and increase corporate value.
With regard to the dividends of surplus, we aim to enhance our return of profits and augment shareholders’ value
with a basic policy that adopts 40% of profit attributable to owners of parent as our target dividend payout ratio,
taking into consideration such factors as strengthening our financial base and future business developments.
Based on this dividend policy, for the fiscal year under review we plan to pay a fiscal year-end dividend of 23 yen
per share. Accordingly, we forecast an annual dividend of 42 yen per share, consisting of a dividend of 19 yen at
the end of the second quarter and 23 yen at fiscal year-end.
For the fiscal year ending March 31, 2020, we forecast an annual dividend of 44 yen per share, consisting of adividend of 22 yen each at the end of the second quarter and fiscal year-end.
At present, we do not expect to award quarterly or other dividends other than at the end of the second quarter andfiscal year-end.

6

QUICK CO., LTD. (4318) Financial Results for FY3/19

2. Corporate GroupThe QUICK Group (the Company and its affiliated companies) consists of QUICK CO., LTD. (the Company) and
10 consolidated subsidiaries. Business operations are 1) Human Resources Services Business, 2) Recruiting
Business, 3) Information Publishing Business and 4) Other Businesses (Internet-Related Business and Overseas
Business).
A flowchart of the Group’s business operations is as follows.

Note: All of the above 10 affiliated companies are consolidated subsidiaries.
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QUICK CO., LTD. (4318) Financial Results for FY3/19

3. Management Policies(1) Basic Management Policy
Since the time of its establishment, the QUICK Group has provided comprehensive human resources services thatlink people and companies. Themed on human resources, we develop business that contributes to society. Goingforward, we will continue to grow as a company that “contributes to society through the human resources andinformation businesses.”
The QUICK Group conducts personnel placement business, temporary staffing, temporary-to-permanent staffing,business contracting and nursery school operation (Human Resources Services Business); advertising agency
business for recruiting advertisements, education and training, personnel business contracting and provision ofrecruiting support tools (Recruiting Business); publication of regional information magazines, web promotion
support, posting and concierge/face-to-face consultation services (Information Publishing Business); operation of
the “Nihon no Jinjibu” site, planning and operation of events related to the “Nihon no Jinjibu” and web promotion
support (Internet-Related Business); and personnel placement business, temporary staffing and personnel andlabor consulting primarily in the United States, China, Mexico, the United Kingdom and Vietnam (Overseas
Business).
Taking advantage of the synergistic effects of these businesses, the Group will strengthen its businesses in orderto respond swiftly to market needs, including those of client companies and job seekers. We will also build up oursales structure and strive to enhance management efficiencies.
(2) Performance Targets
In addition to expanding the scale of its operations, the QUICK Group’s policy is to build a profit-orientedorganization that makes effective use of such business assets as its proprietary sales network and expertise in
attracting registrants who wish to change careers. To achieve these goals and in order to attain stable growth andbuild a robust financial foundation, the Group aims to increase its ordinary profit margin and return on equity(ROE) over the medium to long-term.
(3) Medium- and Long-term Management Strategy
The QUICK Group aims to expand its areas of business as a comprehensive human resources services andinformation services company.
To this end, we intend to further strengthen our core Human Resources Services Business. We also aim to achieve
the medium- to long-term growth of the Recruiting Business, Information Publishing Business andInternet-Related Business, as well as to make the Overseas Business profitable.
In each business, we will engage in cultivation of new service domains and development of new products,
services and business models. We will strive to build a sales structure to swiftly meet changing market needs andpursue synergies by strengthening cooperation between businesses.
Furthermore, we will proactively develop our businesses overseas. Through collaboration between our overseas
companies and businesses in Japan, we will cultivate the market for international career change supports (Cross
Border Recruitment services) and develop global human resources services aimed at realizing the concept of the“Sekai no Jinjibu (Human Resources Department for the world).”(4) Issues to Address
Based on its management philosophy of “making everyone involved happy” and its business philosophy of“contributing to society through human resources and information businesses,” the QUICK Group aims to revamp
existing businesses and propose new services. At the same time, we will continue to invest in strategic fields andgrow in these fields with the goal of becoming the leader in these targeted markets. In the global human resourcesbusiness, there are a growing number of Japanese companies that must deal with recruiting and personnel andlabor issues at their overseas operations. In Japan, companies are facing an increasingly severe labor shortage
8

QUICK CO., LTD. (4318) Financial Results for FY3/19

caused by the country’s falling birthrate and aging population. We will use numerous activities in order toaccomplish our goal of becoming a “Sekai no Jinjibu” that can help solve the recruiting and other HR issues ofcompanies in Japan and other countries.
Furthermore, we will aggressively hire outstanding people who are capable of promoting these goals and focus
more on education and training programs for our workforce, thereby enabling the QUICK Group to grow evenfaster.
The issues in individual business segments are outlined below.
(Human Resources Services Business)
In the personnel placement business, human resources companies are competing ever more intensely in orderprimarily to attract registrants for specialized jobs in the construction and civil engineering, pharmaceutical,
manufacturing and other business sectors and also for nursing jobs in the health care and other facilities. To
succeed, we are renewing our website with more contents available online to make them more useful andconducting effective promotional activities. By using a variety of actions, we will make the brands of all our
websites more powerful and attract more people to register for job placements. In other moves to become morecompetitive as an organization, this business will aggressively recruit talented people and strengthen personnel
development.
In the temporary staffing, temporary-to-permanent staffing, business contracting and other businesses, we can
expect a continued solid demand for temporary staffing workers because of Japan’s falling unemployment rate
and the overtime cap imposed by Laws Related to Work Style Reform enforced in April this year. While we canalso expect a strong demand for human resources from the medical and welfare sector, there is a growing
tendency for job seekers to be hired as a full-time employee or under a direct employment contract. Therefore,
our challenge here is to acquire new registrants who wish to work as temporary staff. In order to attract more
people to register for temporary staffing placements, we will strive to strengthen promotional activities on andadd more contents to our Group’s websites consisting of “Haken de Part” targeting temporary part-time workers,“Medicare Career” targeting temporary workers in the medical and welfare sectors, and “Hoitomo Osaka”
targeting temporary childcare workers so that each website can draw more people to it with enhanced brandpower.
(Recruiting Business)
In the Recruiting Business, demand for recruiting services at client companies remains very strong, but it isexpected going forward that Japan’s labor shortage will hinder companies more from hiring workers they need.
Under such circumstances, the competitive environment of the recruiting business is being intensified by theprevalence of hiring methods other than conventional recruiting ads such as job search type recruiting ads andcontingent fee based services as well as by competition among peer recruiting media. To address this situation, we
will pursue to strengthen consulting-based sales approach in which we propose multi-perspective, one-stop
services to assist client companies in order for them to succeed in their recruiting activities, thereby enhancing
their satisfaction. The approach includes proposing not only on recruiting advertisement but also on tools toenhance hiring capabilities, helping them produce recruiting tools such as recruiting websites and design arecruiting process. We will also strive to cultivate new customers by creating more connections with potential
customers through seminars and the website named “Saiyo Salon,” which introduces our line of services andsuccessful recruiting cases.
(Information Publishing Business)
The Information Publishing Business is seeing a further diversification of advertising techniques represented by
the recent development of website advertisement using SNS and other methods. In response to the change, wewill strive to enhance the brand power and usage value of each of our media by cultivating new market segments
and expanding our reader and fan bases in our major media. At the same time, we deal with diversified needs of

9

QUICK CO., LTD. (4318) Financial Results for FY3/19

client companies and users by launching new web-based services and strengthening posting services andconcierge (face-to-face consultation) services.
(Other Businesses)
1) Internet-Related BusinessWe expect continued growth going forward in the need for promotional activities at human resources service
companies against the backdrop of the enforcement of Laws Related to Work Style Reform, labor shortage andprevalence of HR Tech. We should expect that “Nihon no Jinjibu”—our main business platform to face more
intensified competition with other competing websites. As a countermeasure to that, we will aim to improve theusage rate of the “Nihon no Jinjibu” website through expanding the target market with more appeals to non-HR
professionals and enriching contents. Furthermore, we will take initiative to build a new business model byleveraging the brand power and membership network of the abovementioned website. Through these measures,
we want to establish a sound base for consistent medium- to long-term growth of the Internet-Related Business.
2) Overseas BusinessIn the United States, there is a strong demand for human resources services at client companies, but we expectthat the country will continue to be a seller’s market for legal foreign workers because of the stricter rules by thegovernment for granting and renewing working visas. To address this situation, we will strive to get involved in
more recruiting service deals and acquire registrants to ultimately increase the number of contracts signed bystrengthening web-based promotions in the United States on top of sharing information and coordinating sales
activities between the offices in the United States and those in Japan. Furthermore, we also aim to increase
profitability by price revisions and differentiate ourselves from our competitors by establishing a trusted
relationship with our client companies and job seekers with meticulous service offering.
In China, there are an increasing number of issues involving labor relations at the local companies. As a result,
there is still a steadily growing need for personnel and labor consulting services. In response to this need, we willbuild up sales and service structure by recruiting and training QUICK’s own workforce to provide morecompanies with comprehensive support extending from solving client companies’ recruiting and personnel andlabor issues to employee training programs. Consequently, we will enhance our credibility and competitiveness as
a company providing a personnel and labor consulting service. It is noted that we expect the impact of the trade
conflict between the U.S. and China to become prominent in the next fiscal year and onward and therefore wewill build a sales structure flexible enough to respond to the development of this issue.
We expect that Mexico will continue to see a consistent strong demand for human resources services in thedomestic automobile industry. We will respond to the demand by reinforcing sales activities through recruiting
and training for QUICK’s own workforce. We also aim to attract the number of new registrants and win more
recruiting deals by upgrading contents of the website we operate, strengthening promotional activities andholding seminars and events for corporate clients both in Japan and Mexico.
In the United Kingdom, uncertainty with the country’s upcoming withdrawal from the European Union may havenegative impact on the demands for workers. To address this situation, we will accelerate our efforts to capture
job offers covering a wide variety of positions by stepping up our approach to Japanese firms, local firms andChinese firms not only in the United Kingdom but also in other countries in Europe as well as companies in Japan.
We also continue focusing on attracting registrants through web promotions, thus establishing a business base forinternational career change supports (Cross Border Recruitment services) among European countries and Japan.
In Vietnam, we currently deem shortage of sales force as our challenge in cultivating new customers. We need tostep up our efforts to increase business performance by attracting registrants for our recruitment support services.
To address these issues, we focus on recruiting talented people and supporting them to exert their talent and skills
early on. We also reinforce our core recruitment support services through increasing Japanese and Vietnamese
registrants by accelerated web promotions.

10

QUICK CO., LTD. (4318) Financial Results for FY3/19

In Japan, we will support these overseas subsidiaries in their sales activities. We aim to accomplish our goal of
becoming “Sekai no Jinjibu,” which is our group vision, a Human Resources Division that can help solve thelabor issues of companies in Japan and other countries, through building a business model by which companies
overseas can collaborate to develop human resources services.
4. Basic Approach to the Selection of Accounting Standards
The Group will continue to prepare its consolidated financial statements in accordance with Generally Accepted
Accounting Principles in Japan for the time being to permit comparisons with prior years and with the financial
data of other companies.
We will take suitable actions with regard to the application of International Financial Reporting Standards (IFRS)
by taking into account associated factors in Japan and other countries.

11

QUICK CO., LTD. (4318) Financial Results for FY3/19

5. Consolidated Financial Statements and Notes(1) Consolidated Balance Sheet
FY3/18(As of Mar. 31, 2018)(Thousands of yen)
FY3/19(As of Mar. 31, 2019)

AssetsCurrent assets
Cash and deposits

5,044,883

6,364,521

Notes and accounts receivable-trade

1,997,915

2,061,682

Other

380,119621,235

Allowance for doubtful accounts(1,443)(2,010)7,421,474

9,045,428

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures

1,177,384

1,559,302

Accumulated depreciation(645,675)(693,773)

Buildings and structures, net

531,709865,528

VehiclesAccumulated depreciation
Vehicles, net

8,796

10,620(1,958)(4,145)

6,838

6,474

Tools, furniture and fixtures

202,964

241,698

Accumulated depreciation(112,951)(140,114)

Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net

90,012

101,584

276,869

276,869

12,62618,926(4,603)(8,064)

8,022

10,862

Construction in progress

70,811-

Total property, plant and equipment

984,264

1,261,318

Software134,610

151,609

Software in progress

47,17180,274

Goodwill

143,708

118,858

6,224-

Intangible assets

Leased assets
Other

10,646

10,646

Total intangible assets

342,361

361,389

Investment securities

1,100,759

1,154,136

Leasehold deposits

510,491

626,310Deferred tax assets

40,67062,954Other

62,25084,605Investments and other assets

Allowance for doubtful accounts(11,105)(3,843)

Total investments and other assets

1,703,065

1,924,162

3,029,691

3,546,870

10,451,165

12,592,299

Total non-current assets
Total assets

12

QUICK CO., LTD. (4318) Financial Results for FY3/19(Thousands of yen)
FY3/19(As of Mar. 31, 2019)

FY3/18(As of Mar. 31, 2018)
Liabilities
Current liabilities
Accounts payable-trade655,473

Short-term loans payable

188,300

189,902

Accounts payable-other889,392

1,115,052

Accrued expenses

442,178

520,136

Lease obligations

8,652

3,491

342,450

646,929

Income taxes payable545,634

Accrued consumption taxes

235,419292,621

Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for repayment

359,642475,298-

62,45017,10018,200-679

Asset retirement obligations
Other
Total current liabilities

181,397

199,981

3,320,007

4,070,375

Non-current liabilities
Lease obligations

5,915

7,629

Deferred tax liabilities

90,871

65,288Asset retirement obligations

55,31086,830

Other

1,970

3,369

154,068

163,1173,474,075

4,233,493

Capital stock

351,317351,317

Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital surplus

307,998

391,392

Retained earnings

5,723,382

6,968,762

Treasury shares(19,223)(14,965)

Total shareholders’ equity

6,363,475

7,696,505

586,784

661,606

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

14,629(707)

Total accumulated other comprehensive income

601,413660,899

12,201

1,401

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

13

6,977,090

8,358,806

10,451,165

12,592,299

QUICK CO., LTD. (4318) Financial Results for FY3/19(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statement of Income
FY3/18(Apr. 1, 2017 – Mar. 31, 2018)(Thousands of yen)
FY3/19(Apr. 1, 2018 – Mar. 31, 2019)

Net sales

16,775,078

19,173,142

Cost of sales

7,026,983

7,531,491

Gross profit

9,748,094

11,641,650

Selling, general and administrative expenses

7,549,332

9,060,203

Operating profit

2,198,762

2,581,447

Interest income

114

170

Dividend income

14,37912,359-9,000

Non-operating income

Sale cooperation fee
Book sales commission

22,562-

Subsidy income

30,921

198,117

Other

39,56522,214

Total non-operating income

107,543

241,861Interest expenses

2,351

1,979

Foreign exchange losses

2,326

2,421

Other

1,077

478

Non-operating expenses

Total non-operating expenses
Ordinary profit

5,755

4,879

2,300,551

2,818,428

Extraordinary income
Gain on sales of investment securities

507-

Total extraordinary income

507

-

51

-

26,004

2,539

Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes

26,0552,539

2,275,004

2,815,889

Income taxes-current

617,699

936,436

Income taxes-deferred

28,967(87,333)

Total income taxes

646,667

849,102

1,628,337

1,966,786

1,044

501

1,627,292

1,966,284

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

14

QUICK CO., LTD. (4318) Financial Results for FY3/19

Consolidated Statement of Comprehensive Income
FY3/18(Apr. 1, 2017 – Mar. 31, 2018)(Thousands of yen)
FY3/19(Apr. 1, 2018 – Mar. 31, 2019)

1,628,337

1,966,786

166,259

74,821

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

7,922(15,668)

174,181

59,152

1,802,518

2,025,939

Comprehensive income attributable to owners of parent

1,801,420

2,025,770

Comprehensive income attributable to non-controllinginterests

1,097

168

Total other comprehensive income
Comprehensive income
Comprehensive income attributable to15

QUICK CO., LTD. (4318) Financial Results for FY3/19(3) Consolidated Statement of Changes in Equity
FY3/18 (Apr. 1, 2017 – Mar. 31, 2018)(Thousands of yen)
Shareholders’ equity
Capital stock
Balance at beginning ofcurrent period
Changes of items during
period351,317

Capital surplus

Retained earnings

Treasury shares

Total shareholders’equity307,998

4,728,581(19,019)

5,368,878

Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
sharesChange of scope of
consolidation
Net changes of items
other than shareholders’equityTotal changes of items
during period
Balance at end of current
period(619,989)(619,989)

1,627,292

1,627,292(204)(12,503)(204)(12,503)--994,800(204)

994,596351,317

307,998

5,723,382(19,223)

6,363,475

Non-controllinginterests

Total net assets

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency
difference onothertranslation
available-for-salecomprehensive
adjustment
securities
incomeBalance at beginning ofcurrent period
Changes of items during
period420,525

6,760

427,285-

Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
sharesChange of scope of
consolidation
Net changes of items
other than shareholders’equityTotal changes of items
during period
Balance at end of current
period5,796,164(619,989)
1,627,292(204)(12,503)

166,259

7,868

174,127

12,201

186,329

166,259

7,868

174,127

12,201

1,180,925

586,784

14,629601,413

12,201

6,977,090

16

QUICK CO., LTD. (4318) Financial Results for FY3/19

FY3/19 (Apr. 1, 2018 – Mar. 31, 2019)(Thousands of yen)
Shareholders’ equity
Capital stock
Balance at beginning ofcurrent period
Changes of items during
period351,317

Capital surplus

Retained earnings

Treasury shares

Total shareholders’equity307,998

5,723,382(19,223)

6,363,475

Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesChange of scope of
consolidation
Change in ownershipinterest of parent due totransactions with
non-controlling interests
Net changes of items
other than shareholders’equityTotal changes of items
during period
Balance at end of current
periodBalance at beginning ofcurrent period
Changes of items during
periodDividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesChange of scope of
consolidation
Change in ownershipinterest of parent due totransactions with
non-controlling interests
Net changes of items
other than shareholders’equityTotal changes of items
during period
Balance at end of current
period(696,464)(696,464)

1,966,284

1,966,284

115,427

(85)

(85)

4,342

119,770(24,439)(24,439)(32,033)(32,033)-

83,393

1,245,380

4,257

1,333,030

351,317391,392

6,968,762(14,965)

7,696,505

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency
difference onothertranslation
available-for-salecomprehensive
adjustment
securities
incomeNon-controllinginterests

Total net assets

12,201

6,977,090

586,784

14,629601,413(696,464)
1,966,284(85)
119,770(24,439)(32,033)

74,821(15,336)

59,485(10,800)

48,68574,821(15,336)

59,485(10,800)

1,381,716

661,606(707)

660,8991,401

8,358,806

17

QUICK CO., LTD. (4318) Financial Results for FY3/19(4) Consolidated Statement of Cash Flows(Thousands of yen)
FY3/18
FY3/19(Apr. 1, 2017 – Mar. 31, 2018) (Apr. 1, 2018 – Mar. 31, 2019)
Cash flows from operating activities
Profit before income taxes

2,275,004

2,815,889

152,886

169,508

7,389

14,614(7,943)(6,697)

Increase (decrease) in provision for bonuses(51,529)

115,268

Increase (decrease) in provision for directors’ bonuses(52,450)

62,450Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts

Increase (decrease) in provision for repayment
Interest and dividend income
Interest expenses

2,100

1,100

(14,494)(12,529)

2,351

1,979

Loss (gain) on sales of non-current assets

51-

Loss on retirement of non-current assets

26,004

2,539

Loss (gain) on sales of investment securities

(507)

-

Decrease (increase) in notes and accounts receivable-trade(135,948)(42,280)

Increase (decrease) in notes and accounts payable-trade(25,974)(100,294)

Decrease (increase) in leasehold and guarantee deposits(86,218)(115,463)

Increase (decrease) in accrued consumption taxes(10,996)

58,496

Other, net

158,419870

Subtotal

2,238,143

2,965,452

14,494

12,529Interest and dividend income received
Interest expenses paid

(2,296)(1,977)

Income taxes paid

(817,773)(621,678)

Net cash provided by (used in) operating activities

1,432,567

2,354,325

Purchase of property, plant and equipment(198,452)(202,646)

Purchase of intangible assets(89,803)(123,937)

Purchase of investment securities(65,538)(5,595)

Cash flows from investing activities

Proceeds from sales of investment securities
Purchase of shares of subsidiaries resulting in change inscope of consolidation
Other, net

840-(142,499)

-

4,803

-

Net cash provided by (used in) investing activities(490,650)(332,179)

Net increase (decrease) in short-term loans payable(1,602)

1,602

Repayments of lease obligations(14,133)(10,172)

(204)

(85)

Cash dividends paid
Payments from changes in ownership interests in
subsidiaries that do not result in change in scope of
consolidation(618,271)(695,526)-(42,062)

Net cash provided by (used in) financing activities(634,210)(746,245)

2,407(7,386)

Net increase (decrease) in cash and cash equivalents

310,113

1,268,514

Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents from newly
consolidated subsidiary

4,639,428

5,014,883

65,341

51,123

Cash and cash equivalents at end of period

5,014,883

6,334,521

Cash flows from financing activities

Purchase of treasury shares

Effect of exchange rate change on cash and cash equivalents

18

QUICK CO., LTD. (4318) Financial Results for FY3/19(5) Notes to Consolidated Financial Statements
Going-concern Assumption
Not applicable.
Additional Information
Application of Partial Amendments to Accounting Standard for Tax Effect Accounting, etc.
Effective from the beginning of the fiscal year under review, the Company applied the Partial Amendments to
Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, February 16, 2018) and other related
pronouncements. Accordingly, deferred tax assets and deferred tax liabilities have been presented in theinvestments and other assets section and the non-current liabilities section of the consolidated balance sheet,respectively.
Segment Information
1. Outline of reportable segments
The reportable segments of the Company are components for which discrete financial information is available andwhose operating results are regularly reviewed by the Board of Directors to make decisions about resource
allocation and to assess performance.
The QUICK Group engages in a diverse range of businesses, including personnel placement and temporary
staffing, providing services related to recruiting advertisement and publishing regional information magazines.
The Company and its consolidated subsidiaries (hereinafter “business operation companies”) are independent
management units that independently draft comprehensive business strategies and develop business activities foreach business.
Accordingly, the QUICK Group is composed of business-specific segments based on the Company’s business
operating structure and business operation companies. The Group has three reportable segments: Human
Resources Services Business, Recruiting Business and Information Publishing Business. Businesses not includedin these reportable segments are categorized as Other Businesses.
Main activities of the Human Resources Services Business include personnel placement, temporary staffing,
temporary-to-permanent staffing, business contracting and nursery school operations. Main activities of the
Recruiting Business include an advertising agency business for recruiting advertisements, provision of recruiting
support tools, education and training and personnel business contracting. Main activities of the Information
Publishing Business include publication and posting of regional information magazines and concierge(face-to-face consultation) services. The Other Businesses operates the “Nihon no Jinjibu” site, plans andoperates events related to the “Nihon no Jinjibu,” supports web promotions (Internet-Related Business) andengages in personnel placement, temporary staffing and personnel and labor consulting in the United States,
China, Mexico, the United Kingdom and Vietnam (Overseas Business).
2. Calculation method of net sales, profit/loss, assets and other items in each reportable segment
The method of accounting for the reported operating segments is in accordance with the accounting policy
adopted to prepare the consolidated financial statements.
Profits for reportable segments are generally operating profit.
Inter-segment sales and transfers are based on prevailing market prices.

19

QUICK CO., LTD. (4318) Financial Results for FY3/19

3. Information pertaining to net sales, profit/loss, assets and other items in reportable segments
FY3/18 (Apr. 1, 2017 – Mar. 31, 2018)
Reportable Segment

Net sales
Sales toexternalcustomers
Inter-segment
sales andtransfers
Total(Thousands of yen)Amount intheAdjustment consolidated
financial(Note 2)statements(Note 3)

Human
Resources
Services
Business

Recruiting
Business

Information
Publishing
Business

Subtotal

Other(Note 1)

Total

9,915,233

3,693,440

1,762,265

15,370,939

1,404,138

16,775,078-

16,775,078

2,143

25,99011,85939,994

46,61486,608(86,608)-

9,917,377

3,719,431

1,774,125

15,410,933

1,450,753

16,861,687(86,608)

16,775,078

Segment profit

1,735,060

881,467

3,407

2,619,935

198,416

2,818,351(619,588)

2,198,762

Segment assets

4,361,426

2,182,505

971,287

7,515,219

1,051,704

8,566,924

1,884,241

10,451,165

Other items
Depreciation
73,383
3,262
27,451
104,097
14,339118,437
34,449152,886
Increase inproperty, plant
170,583
31,49736,152
238,233
9,961
248,194
35,177283,371
and equipment
and intangible
assets
Notes: 1. Other represents the businesses which are not included in any of the reportable segments and mainly consists ofInternet-Related Business and Overseas Business.
2. Contents of adjustments are as follows.
(1) The (619,588) thousand yen adjustment to segment profit includes elimination for inter-segment transactionsof 137,338 thousand yen, and (756,926) thousand yen in company-wide costs that cannot be allocated to any
specific reportable 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) The 1,884,241 thousand yen adjustment to segment assets includes elimination for inter-segment transactionsof (174,006) thousand yen, and 2,058,247 thousand yen in company-wide assets that cannot be allocated toany specific reportable segments. Company-wide assets consist primarily of the Company’s excess funds(cash and deposits), long-term investments (investment securities), and assets which belong to theadministration division.
(3) The 34,449 thousand yen adjustment to depreciation is the sum of assets which belong to the administration
division that cannot be allocated to reportable segments.
(4) The 35,177 thousand yen adjustment to an increase in property, plant and equipment and intangible assets isthe sum of assets which are not attributable to any reportable segments and belong to the administration
division that cannot be allocated to reportable segments.
3. Segment profit is adjusted with operating profit shown on the consolidated statement of income.

20

QUICK CO., LTD. (4318) Financial Results for FY3/19

FY3/19 (Apr. 1, 2018 – Mar. 31, 2019)
Reportable Segment(Thousands of yen)Amount intheAdjustment consolidated
financial(Note 2)statements(Note 3)

Human
Resources
Services
Business

Recruiting
Business

Information
Publishing
Business

Subtotal

Other(Note 1)

Total

11,499,956

3,960,734

1,980,252

17,440,943

1,732,198

19,173,142-

19,173,142

1,004

8,019

12,00021,023

26,77447,798(47,798)-

11,500,960

3,968,754

1,992,253

17,461,967

1,758,972

19,220,940(47,798)

19,173,142

Segment profit

1,984,025

1,003,386

178,430

3,165,843

219,751

3,385,594(804,147)

2,581,447

Segment assets

5,758,972

2,292,323

1,146,062

9,197,359

1,300,618

10,497,977

2,094,322

12,592,299

Net sales
Sales toexternalcustomers
Inter-segment
sales andtransfers
Total

Other items
Depreciation
93,802
4,330
27,028125,160
10,694
135,855
33,653
169,508
Increase inproperty, plant
379,794
4,310
11,153395,258
6,261
401,51953,881
455,401
and equipment
and intangible
assets
Notes: 1. Other represents the businesses which are not included in any of the reportable segments and mainly consists ofInternet-Related Business and Overseas Business.
2. Contents of adjustments are as follows.
(1) The (804,147) thousand yen adjustment to segment profit includes elimination for inter-segment transactionsof 143,936 thousand yen, and (948,084) thousand yen in company-wide costs that cannot be allocated to any
specific reportable 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) The 2,094,322 thousand yen adjustment to segment assets includes elimination for inter-segment transactionsof (342,684) thousand yen, and 2,437,006 thousand yen in company-wide assets that cannot be allocated toany specific reportable segments. Company-wide assets consist primarily of the Company’s excess funds(cash and deposits), long-term investments (investment securities), and assets which belong to theadministration division.
(3) The 33,653 thousand yen adjustment to depreciation is the sum of assets which belong to the administration
division that cannot be allocated to reportable segments.
(4) The 53,881 thousand yen adjustment to an increase in property, plant and equipment and intangible assets isthe sum of assets which are not attributable to any reportable segments and belong to the administration
division that cannot be allocated to reportable segments.
3. Segment profit is adjusted with operating profit shown on the consolidated statement of income.

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QUICK CO., LTD. (4318) Financial Results for FY3/19

6. Other Information
Changes in Directors (changes are to be authorized subject to approval at the Annual General Meeting of
Shareholders and the subsequent Board of Directors’ meeting, both scheduled on June 20, 2019)(1) Changes in representative directors
New position
Chairman, Representative Director andGroup CEOPresident, Representative Director andGeneral Manager of Personal Placement
Business Division

Name

Current position

Tsutomu Wano

President, Representative Director andGroup CEOIchiro Kawaguchi

Managing Director, Executive Officer,
General Manager of Personal Placement
Business Division(2) Change in director
New position
Executive Vice-Chairman

Name
Nobuaki Nakajima

Current position
Executive Vice-President,
Chief Sales Officer

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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