Summary of Consolidated Financial Results for the Third Quarterof the Fiscal Year Ending March 31, 2017
(Nine Months Ended December 31, 2016)[Japanese GAAP]
January 31, 2017

Listing: First Section, Tokyo Stock Exchange
Company name: QUICK CO.,LTD.
Stock code:
4318
URL: http://919.jp/
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 filing of Quarterly Report:
February 10, 2017
Scheduled date of payment of dividend:
Preparation of supplementary materials for quarterly financial results: None
Holding of quarterly financial results meeting:None(All amounts are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2017
(April 1, 2016 – December 31, 2016)(1) Consolidated results of operations(Percentages represent year-on-year changes.)
Net sales
Millions of yen

Operating income%

Millions of yen% Millions of yen

Nine months ended Dec. 31, 2016
10,645 18.2
1,688 26.8
Nine months ended Dec. 31, 2015
9,002 10.1
1,332 11.7
Note: Comprehensive income (millions of yen) Nine months ended Dec. 31, 2016:
Nine months ended Dec. 31, 2015:
Net income per share
Yen
63.05
47.74

Nine months ended Dec. 31, 2016
Nine months ended Dec. 31, 2015

Profit attributable toowners of parent

Ordinary income%

Millions of yen

1,752 27.8
1,371
7.4
1,267 (up 42.4%)
889 (down 10.7%)

1,184
896

%

32.1
9.3

Diluted net income per share
Yen-(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Millions of yen

Shareholders’ equity ratio Net assets per share%

As of Dec. 31, 2016
8,064
5,487
As of Mar. 31, 2016
7,331
4,708
Reference: Shareholders’ equity (millions of yen)
As of Dec. 31, 2016:
5,487

Yen

68.0
64.2
As of Mar. 31, 2016: 4,708

292.09250.64

2. Dividends
1Q-end2Q-endYen

Dividend per share
3Q-endYen

Year-end

Yen

Total

Yen

Yen

Fiscal year ended Mar. 31, 2016
13.00
12.00
25.00
Fiscal year ending Mar. 31, 2017
14.00
Fiscal year ending Mar. 31, 2017 (forecasts)
16.00
30.00
Note: Revisions to the most recently announced dividend forecast: Yes
Regarding revisions to the dividend forecast, please refer to the press release (Japanese version only) that was announced today(January 31, 2017).

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2017 (April 1, 2016 – March 31, 2017)
Net sales
Millions of yen(Percentages represent year-on-year changes.)
Profit attributable to
Net income
Ordinary income
owners of parent
per share

Operating income%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

14,350 14.8
1,980 17.3
2,050 18.0
1,393 19.0
74.14
Full year
Note: Revisions to the most recently announced consolidated forecast: Yes
Regarding revisions to the consolidated forecast, please refer to the press release (Japanese version only) that was announced
today (January 31, 2017).

* 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 3 of the attachments “2. Matters Related to Summary Information (Notes), (3) Changes in
Accounting Policies and Accounting-based Estimates, and Restatements” 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 Dec. 31, 2016:

19,098,576 shares

As of Mar. 31, 2016:

19,098,576 shares

As of Mar. 31, 2016:

310,980 shares

2) Number of treasury shares at the end of the period
As of Dec. 31, 2016:

310,980 shares

3) Average number of shares outstanding during the period
Nine months ended Dec. 31, 2016:

18,787,596 shares

Nine months ended Dec. 31, 2015:

18,787,596 shares* Indication of quarterly review procedure implementation status
The quarterly review procedures for the quarterly consolidated financial statements based on the Financial Instruments andExchange Act have not been completed at the time of disclosure.
* Explanation of appropriate use of earnings forecasts, and other special items
Forecasts of future performance in these materials are based on assumptions judged to be valid and information available to theCompany’s management at the time the materials were prepared. These materials are not promises by the Company regarding
future performance. Actual results may differ significantly from these forecasts for a number of reasons. For discussion of theassumptions and other factors considered by the Company in preparing the above projections, please refer to page 3 of theattachments “1. Qualitative Information on Quarterly Consolidated Financial Performance, (3) Explanation of Consolidated
Forecast and Other Forward-looking Statements.”

QUICK CO.,LTD. (4318) Financial Results for the Third Quarter of FY3/17

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation of Results of Operations
During the first nine months of the fiscal year ending March 31, 2017, the Japanese economy at the start wasaffected by various factors including the deceleration of the Chinese economy, and volatility in the stock and foreignexchange markets caused by Britain’s decision to exit the EU. In addition, the after effects of Kumamoto earthquake,
multiple typhoons and lingering summer heat slowed consumer spending. This led to a persistent strong sense ofstagnation across the economy in general. Signs of a pickup in exports and production started to surface after
autumn as concerns over the strong yen eased and the economy started to recover gradually. However, uncertainties
over the policies of the new U. S. administration continue to cloud the future.
With regard to the domestic employment situation, major corporations continue to feel labor shortages due tostructural factors such as declining labor force and the working-age population caused by the falling birthrate andaging population. This has given impetus to a wide range of industries to secure human resources. Consequently, theopenings-to-applicants ratio rose to a seasonally adjusted 1.41 times in November 2016. The overall unemployment
rate hovered at 3.1% (seasonally adjusted), showing signs of declining further to the 2% level. As a result, allemployment indices continued to improve.
Under these conditions, in the Recruiting Business the handling of recruiting advertisements continued to perform
well in the mid-year hiring domain in relation to the registration of temporary staff and the hiring of part-timeworkers. In the new graduate hiring domain, the handling of products targeting university students scheduled tograduate in March 2017 were strong. Advertisements and products planned for internship programs targeting
university students scheduled to graduate in March 2018 (get underway after summer) also increased. Furthermore,
provisions of personnel business contracting services (in which we act as an agent for a part of recruiting
operations) and aptitude tests expanded.
Segment sales increased 14.3% year-on-year to 2,326 million yen and operating income increased 6.8% year-on-year to
540 million yen.
In personnel placement of the Human Resources Services Business, corporate recruiting needs in construction andcivil engineering, and manufacturing sectors remained high, leading to continued solid performance in personnel
placement targeting general companies. The introduction of nurses also led to favorable operating performance,
given the vigorous recruiting needs of hospitals and nursing care facilities.
In these sectors and job categories with high recruiting needs, competition with other companies to attract
registrants continued to increase. Against this backdrop, we opened “E&M JOBS,” a career change site forengineers and we also worked to enhance the various sites we operate and to reinforce the services we offer byboosting the power of our promotions to attract new registrants. In these ways, we strove to differentiate ourselvesfrom our competitors and to enhance customer satisfaction.
Furthermore, our businesses in temporary staffing, temporary-to-permanent staffing and business contracting, as
well as in our part-time staff placement, have all continued to achieve steady performances. Moreover, the dispatchneeds for care workers and other such workers in the medical and welfare sectors are growing.
With the employment situation improving, the number of job seekers looking for full-time employment increased.
Competition also intensified in the medical and welfare sectors. These factors continued to make it more difficult to
attract new registrants seeking temporary assignments, so we stepped up promotion efforts.
Segment sales increased 22.4% year-on-year to 6,220 million yen and operating income increased 23.4%
year-on-year to 1,353 million yen.
In the Information Publishing Business, the handling of housing advertising and town advertising of restaurants andshops for attracting customers in the mainstream lifestyle information magazines were strong. Business performancein all issuing areas of Ishikawa, Toyama and Niigata improved. Moreover, “Iezukuri Navi” a home information

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QUICK CO.,LTD. (4318) Financial Results for the Third Quarter of FY3/17

magazine continued to perform steadily. In services other than advertising, door-to-door distribution businesses
using folding flyers achieved growth. In addition, “Cococolor iezukuri” and other concierge services continued toperform well.
Segment sales increased 9.9% year-on-year to 1,336 million yen and operating income increased 126.0%
year-on-year to 57 million yen.
In other businesses, such as Internet-Related Business, we have seen a steady increase in advertising revenues for“Nihon no Jinjibu (Japan’s Human Resources Department),” an information portal site pertaining to personnel andlabor. Strong sales promotion needs centering on recruitment of companies in the personnel service sectors and anincrease in the exhibition fees at “HR Conferences” drove the revenue growth. The number of visitors to “HR
Conference 2016 Autumn” held in November attracted a record 10,867 visitors and the many events including morethan 130 lecture meetings and workshops were fully booked, making the conference a resounding success following
the highly successful “HR Conference 2016 Spring” held in May.
In Overseas Business, the performance of QUICK USA, Inc. showed signs of improvement. In addition to theimprovement in the employment situation due to the gradual expansion of the US economy it has become
increasingly difficult for foreigners to obtain working visas. Against this background, the personnel placementbusiness progressed smoothly in the Los Angeles office and the New York office. In the temporary staffing services,
there were stronger needs for event staff and presidential election-related operations.
Shanghai Quick CO., LTD. expanded its recruitment consulting business as client companies continued to add staff
even as China’s economy continued decelerate. In the mainstay personnel and labor consulting operations, thecompany continued to focus on capturing large-scale projects, including the development of personnel evaluation
systems. Efforts were also made with follow-up services designed to secure the loyalty of its existing customers.
Segment sales increased 13.6% year-on-year to 761 million yen and operating income increased 76.9% year-on-year
to 146 million yen.
As a result of the above-mentioned factors, for the first nine months of the fiscal year ending March 31, 2017, net
sales increased 18.2% year-on-year to 10,645 million yen, operating income increased 26.8% year-on-year to 1,688
million yen, ordinary income increased 27.8% year-on-year to 1,752 million yen, and profit attributable to owners ofparent increased 32.1% year-on-year to 1,184 million yen.
(2) Explanation of Financial Position
Total assets at the end of the third quarter of the fiscal year under review were 8,064 million yen, which was 733
million yen more than at the end of the previous fiscal year. This was mainly the result of an increase in cash anddeposits despite a decrease in notes and accounts receivable-trade.
Total liabilities were 2,577 million yen, which was 45 million yen less than at the end of the previous fiscal year.
This was mainly the result of a decrease in accounts payable-trade despite increases in accrued expenses andaccounts payable-other.
Total net assets were 5,487 million yen, which was 778 million yen more than at the end of the previous fiscal year.
This was mainly the result of an increase in retained earnings due to the booking of profit attributable to owners ofparent. Consequently, the shareholders’ equity ratio increased 3.8 percentage points from the end of the previous
fiscal year to 68.0%.

2

QUICK CO.,LTD. (4318) Financial Results for the Third Quarter of FY3/17(3) Explanation of Consolidated Forecast and Other Forward-looking Statements
The Company has reviewed the results of operations for the first nine months of the current fiscal year the future
outlook, and revised its full-year consolidated earnings forecast for the fiscal year ending March 31, 2017 that wasannounced in the “Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2016 (JapaneseGAAP)” on April 28, 2016.
Please refer to the press release titled “Revision to Earnings Forecast and Year-end Dividend Forecast (Dividend
Increase) for the Fiscal Year Ending March 31, 2017 (Japanese version only)” that was announced today (January 31,2017) for more details.
2. Matters Related to Summary Information (Notes)(1) Changes in Significant Subsidiaries during the Period
Not applicable.
(2) Application of Special Accounting Methods for Presenting Quarterly Consolidated Financial Statements
Not applicable.
(3) Changes in Accounting Policies and Accounting-based Estimates, and Restatements
Changes in Accounting Policies
Application of Practical Solution on a Change in Depreciation Method due to Tax Reform 2016
Following the revision of Corporation Tax Act, the Company has applied the “Practical Solution on a Change inDepreciation Method due to Tax Reform 2016” (Accounting Standards Board of Japan (ASBJ) Practical Issues Task
Force (PITF) No. 32, June 17, 2016) from the first quarter of the current fiscal year, and changed the depreciation
method for facilities attached to buildings and structures acquired on or after April 1, 2016, from thedeclining-balance method to the straight-line method.
The effect of this change on the operating income, ordinary income and profit before income taxes in the first ninemonths is insignificant.
(4) Additional Information
Application of Implementation Guidance on Recoverability of Deferred Tax Assets
The Company has applied the “Implementation Guidance on Recoverability of Deferred Tax Assets” (ASBJ
Guidance No. 26, March 28, 2016) from the first quarter of the current fiscal year.

3

QUICK CO.,LTD. (4318) Financial Results for the Third Quarter of FY3/17

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheet(Thousands of yen)
Third quarter of FY3/17(As of Dec. 31, 2016)

FY3/16(As of Mar. 31, 2016)
AssetsCurrent assets
Cash and deposits

3,430,787

4,522,257

Notes and accounts receivable-trade

1,625,089

1,070,595

Deferred tax assets

139,289

134,992

Other

301,898

282,357

Allowance for doubtful accounts(8,592)(9,324)

5,488,472

6,000,877

388,876

371,017

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

1,003

2,535

Tools, furniture and fixtures, net

50,21546,014

Land

276,869

276,869

Leased assets, net

11,6008,836

Total property, plant and equipment

728,565

705,274

27,07819,155

Other

158,711

184,573

Total intangible assets

185,789

203,728

Investment securities

528,812733,188

Lease deposits

362,695

377,200

Intangible assets
Leased assets

Investments and other assets

Deferred tax assets
Other

920

2,721

40,30945,400Allowance for doubtful accounts(4,193)(3,580)Total investments and other assets

928,544

1,154,930

1,842,899

2,063,932

7,331,371

8,064,810

Total non-current assets
Total assets

4

QUICK CO.,LTD. (4318) Financial Results for the Third Quarter of FY3/17(Thousands of yen)
Third quarter of FY3/17(As of Dec. 31, 2016)

FY3/16(As of Mar. 31, 2016)
Liabilities
Current liabilities
Accounts payable-trade604,301

247,366

Short-term loans payable

191,402242,000

Accounts payable-other

528,016

592,051

Accrued expenses

309,649

401,854

Income taxes payable311,459

317,403

Provision for bonuses

242,456

273,980

Provision for repayment

15,600

9,100

-

934

Asset retirement obligations
Other

268,264

312,543

2,471,149

2,397,233

Deferred tax liabilities

89,829130,465

Asset retirement obligations

34,821

34,632

Total current liabilities
Non-current liabilities

Other

26,71814,861

Total non-current liabilities

151,368

179,959

2,622,518

2,577,193

Capital stock

351,317351,317

Capital surplus

307,998

307,998

Retained earnings

3,825,954

4,522,044

Treasury shares(18,975)(18,975)

Total shareholders’ equity

4,466,294

5,162,384

Valuation difference on available-for-sale securities

231,507332,275

Foreign currency translation adjustment

11,051(7,042)

Total liabilities
Net assets
Shareholders’ equity

Accumulated other comprehensive income

Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

5

242,558

325,232

4,708,853

5,487,617

7,331,371

8,064,810

QUICK CO.,LTD. (4318) Financial Results for the Third Quarter of FY3/17(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(For the Nine-month Period)First nine months of FY3/16(Apr. 1, 2015 – Dec. 31, 2015)(Thousands of yen)First nine months of FY3/17(Apr. 1, 2016 – Dec. 31, 2016)

Net sales

9,002,611

10,645,216

Cost of sales

3,512,222

4,057,368

Gross profit

5,490,389

6,587,847

Selling, general and administrative expenses

4,158,054

4,899,008

Operating income

1,332,335

1,688,838

361

77

Non-operating income
Interest income
Dividend income

7,534

8,208

Sale cooperation fee

14,53826,000Book sales commission

9,834

16,684Other

10,408

14,960Total non-operating income

42,67865,930Interest expenses

2,282

2,033

Foreign exchange losses

1,082

-

51

75

Non-operating expenses

Other
Total non-operating expenses

3,416

2,109

1,371,597

1,752,659

Gain on sales of investment securities

7,226

-

Total extraordinary income

7,226

-

-

514

12,882

159

Ordinary income
Extraordinary income

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

12,882673

1,365,941

1,751,985

382,539

567,926

Income taxes-deferred

88,911(507)

Total income taxes

471,451

567,418

Profit894,490

1,184,567

Loss attributable to non-controlling interests(2,369)-Profit attributable to owners of parent

896,860

1,184,567

6

QUICK CO.,LTD. (4318) Financial Results for the Third Quarter of FY3/17

Quarterly Consolidated Statement of Comprehensive Income(For the Nine-month Period)First nine months of FY3/16(Apr. 1, 2015 – Dec. 31, 2015)(Thousands of yen)First nine months of FY3/17(Apr. 1, 2016 – Dec. 31, 2016)

894,490

1,184,567

ProfitOther comprehensive income
Valuation difference on available-for-sale securities(3,176)

100,768

Foreign currency translation adjustment(1,384)(18,094)

Total other comprehensive income(4,560)82,673889,929

1,267,240

Comprehensive income attributable to owners of parent

892,306

1,267,240

Comprehensive income attributable to non-controllinginterests(2,377)-

Comprehensive income
Comprehensive income attributable to7

QUICK CO.,LTD. (4318) Financial Results for the Third Quarter of FY3/17(3) Notes to Quarterly Consolidated Financial Statements
Going-concern Assumption
Not applicable.
Significant Changes in Shareholders’ Equity
Not applicable.
Segment and Other Information
Segment Information
I. First nine months of FY3/16 (Apr. 1, 2015 – Dec. 31, 2015)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment

Net sales
Sales to externalcustomers
Inter-segment
sales and transfers
Total
Segment profit

Recruiting
Business

Human
Resources
Services
Business

Information
Publishing
Business

2,036,019

5,080,479

383(Thousands of yen)Amount in thequarterly
Adjustment consolidated(Note 2)statement ofincome(Note 3)

Subtotal

Other(Note 1)Total

1,215,815

8,332,314

670,297

9,002,611-

9,002,611

-

7,269

7,653

58,55566,208(66,208)-

2,036,403

5,080,479

1,223,084

8,339,967

728,853

9,068,820(66,208)

9,002,611

505,963

1,097,113

25,511

1,628,588

83,092

1,711,680(379,345)

1,332,335

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. The (379,345) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
93,783 thousand yen, and (473,128) 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.
3. Segment profit is adjusted with operating income shown on the quarterly consolidated statement of income.
2. Information pertaining to impairment losses of non-current assets, goodwill, etc. in reportable segments
Not applicable.

8

QUICK CO.,LTD. (4318) Financial Results for the Third Quarter of FY3/17

II. First nine months of FY3/17 (Apr. 1, 2016 – Dec. 31, 2016)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment

Net sales
Sales to externalcustomers
Inter-segment
sales and transfers
Total
Segment profit(Thousands of yen)Amount in thequarterly
Adjustment consolidated(Note 2)statement ofincome(Note 3)

Recruiting
Business

Human
Resources
Services
Business

Information
Publishing
Business

Subtotal

Other(Note 1)

Total

2,326,829

6,220,387

1,336,781

9,883,998

761,218

10,645,216-

10,645,216

3,537

2,691

5,219

11,44749,93961,386(61,386)-

2,330,366

6,223,078

1,342,000

9,895,445

811,157

10,706,603(61,386)

10,645,216

540,230

1,353,531

57,656

1,951,418

146,979

2,098,397(409,558)

1,688,838

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. The (409,558) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
94,622 thousand yen, and (504,181) 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.
3. Segment profit is adjusted with operating income shown on the quarterly consolidated statement of income.
2. 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 preparedin accordance with accounting principles and practices generally accepted in Japan, for the convenience of readers who prefer
an English translation.

9