Summary of Consolidated Financial Results for the Second Quarterof the Fiscal Year Ending March 31, 2021
(Six Months Ended September 30, 2020)[Japanese GAAP]
October 30, 2020

Company name: QUICK CO., LTD.

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

Stock code:
4318
Representative: Tsutomu Wano, Chairman
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:
November 12, 2020
Scheduled date of payment of dividend:
December 1, 2020
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, 2021
(April 1, 2020 – September 30, 2020)(1) Consolidated results of operations(Percentages represent year-on-year changes.)
Net sales

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen% Millions of yen% Millions of yen% Millions of yen
Six months ended Sep. 30, 2020
10,550 (2.9)
1,906 (17.3)
2,031 (12.5)
1,422
Six months ended Sep. 30, 2019
10,864
9.3
2,305
14.3
2,321
14.2
1,552
Note: Comprehensive income (millions of yen) Six months ended Sep. 30, 2020:
1,696 (up 10.9%)
Six months ended Sep. 30, 2019:
1,529 (down 6.3%)
Net income per share
Diluted net income per share

Six months ended Sep. 30, 2020
Six months ended Sep. 30, 2019

Yen

Yen

75.54
82.34

-

%

(8.4)
12.2

(2) Consolidated financial position
Shareholders’ equity ratio

Total assets

Net assets

Millions of yen

Millions of yen

Net assets per share%

As of Sep. 30, 2020
14,922
10,727
As of Mar. 31, 2020
13,5589,464
Reference: Shareholders’ equity (millions of yen)
As of Sep. 30, 2020: 10,725

Yen

71.9
69.8
As of Mar. 31, 2020: 9,459

569.37502.192. Dividends
1Q-end2Q-endYen

Fiscal year ended Mar. 31, 2020
Fiscal year ending Mar. 31, 2021
Fiscal year ending Mar. 31, 2021 (forecast)
Note: Revisions to the most recently announced dividend forecast: Yes

Dividend per share
3Q-endYear-end

Total

Yen

Yen

Yen

Yen

22.00
18.00

-

23.00

45.00

-

19.00

37.00

Regarding revisions to the dividend forecast, please refer to the “Notice of Revisions to the Full-year Earnings Forecast andDividend Forecast” that was announced today (October 30, 2020, Japanese version only).
Breakdown of 2Q-end dividends for the fiscal year ending Mar. 31, 2021: Ordinary dividends: 12.00 yen; Commemorative
dividends: 6.00 yen
Breakdown of year-end dividends for the fiscal year ending Mar. 31, 2021(forecast): Ordinary dividends: 13.00 yen;
Commemorative dividends: 6.00 yen

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2021 (April 1, 2020 – March 31, 2021)
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%

Yen

Full year
19,400 (7.8)
1,572 (46.4)
1,700 (43.5)
Note: Revisions to the most recently announced consolidated earnings forecast: Yes%

Millions of yen%

Millions of yen

1,149(44.6)

61.01

Regarding revisions to the consolidated earnings forecast, please refer to the “Notice of Revisions to the Full-year Earnings
Forecast and Dividend Forecast” that was announced today (October 30, 2020, Japanese version only).

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes inscope of consolidation): Yes
Newly added: -Excluded: 1 (QUICK GLOBAL CO., LTD.)(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: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting-based estimates: None
4) Restatements: None

(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, 2020:

19,098,576 shares

As of Mar. 31, 2020:

19,098,576 shares

As of Mar. 31, 2020:

261,173 shares

2) Number of treasury shares at the end of the period
As of Sep. 30, 2020:

261,173 shares

3) Average number of shares outstanding during the period
Six months ended Sep. 30, 2020:

18,837,403 shares

Six months ended Sep. 30, 2019:18,857,403 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 refe r
to 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 FY3/21

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, 2021, consumer and corporate activities in Japan wereseverely restricted by the declaration of a state of emergency in response to the s pread of the COVID-19 infection,
which was a tough environment for our group’s businesses, particularly for the advertising business. Although theeconomic activities began resuming after the declaration was lifted late May, it will require some more time forthe domestic economy to recover substantially due to a delay in consumer spending pickup as well as lasting
weak private-sector capital investment activities that were impacted by the resurgence of COVID -19 infections
from July.
Japan’s labor market also continues to deteriorate due to COVID-19. The seasonally adjusted job
openings-to-applicants ratio declined for eight consecutive months with 1.04 in August 2020. The unemployment
rate also declined to the 3% level with a figure of 3.0%, the first time since May 2017. That was a complete turnfrom the situation a year ago where many corporations across wide range of industries faced serious labor
shortages.
To promote and sustain business in order to fulfill its corporate social responsibility in this business environment,
the QUICK Group expanded operations in new strategic market sectors, and strengthened coordination between
the group companies as well as continued reinforcing the existing services under the COVID-19 pandemic
environment. All of these activities are aimed at differentiating the QUICK Group from competitors andincreasing customer satisfaction by helping solve HR related problems at client companies. Furthermore, theGroup worked on strengthening the business base through restructuring the sales structure in order to enhance theproductivity.
In the Human Resources Service Business, some of our client companies showed a weaker appetite for recruiting,and suspended or delayed their hiring activities in the personnel placement category at the initial stage of the
COVID-19 spread. Meanwhile, the semiconductor industry continues to show a vigorous recruiting needs against
a backdrop of accelerating investments for the fifth-generation (5G) mobile communication systems. Furthermore,
after the declaration of a state of emergency was lifted, we saw an increasing number of companies in theelectrical equipment and machinery related sectors as well as the construction and civil engineering sectors begin
to resume their hiring activities. The medical and welfare sectors also continue to show res ilient hiring appetite asa whole, while there are companies that suspended hiring activities in some regions.
Given this business environment, the personnel placement business for professionals and technical staff to generalcompanies remained almost flat and nurses placement at hospitals and care facilities as well as childcare
professionals placement expanded. Those are the major results of our efforts including focusing on selectedcategories, restructuring of our sales structure and providing an extens ive support of having more meetings withour client companies and registrants who wish to change careers.
In the temporary staffing, temporary-to-permanent staffing and business contracting categories, effects ofdecreased number of workdays of temporary staff in the medical and welfare sectors have almost ceased in the
beginning of the second quarter, which were mainly caused by temporary closure at client companies’ facilities, inconjunction with the spread of the COVID-19 infection and the declaration of a state of emergency. As a result,
the temporary staffing of childcare workers achieved a favorable expansion. The temporary staffing of nurses
continued to remain solid by promoting extension of the existing contracts, while growth in the number of
workdays of new staff has been sluggish, as dispatching needs turned into a slightly downward trend. As for the
temporary staffing in other fields, we held webinars for web engineers under collaboration with Kronos Co., Ltd.,
which led to results of some participants’ working as temporary staff. The performance, however, plunged as aresult of a decrease in working hours of existing temporary staff who preferred taking paid leaves and a struggle
in capturing new customers with temporary staffing needs.
Overall, sales of the Human Resources Service Business increased 3.3% year-on-year to 7,562 million yen andoperating profit also increased 9.0% year-on-year to 2,321 million yen.
In the Recruiting Business, the new college graduate category is gradually recoveri ng the volume ofadvertisements in our recruitment websites targeting March 2021 new college graduates and our internship1

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/21

websites for March 2022 new college graduates in the current second quarter as client companies have resumed
recruiting activities. However, the handling of new graduate recruiting events sharply decreased because joint
information meetings and recruiting events hosted by Rikunabi were canceled until August 2020 to prevent the
spread of COVID-19 infections.
In the mid-career hiring domain, the volume of “Indeed” business was favorable despite the lingering impact of
COVID-19, primarily underpinned by strong recruitment needs in the fields such as medical/nursing care andlogistics. However, the volume of recruiting advertisements for full -time employees, part-time workers andpotential registrants for temporary staffing dropped drastically. This was because recruiting sentiment is slow torecover among restaurants, retailers and client companies in service, temporary staffing and other sec tors due toshortened business hours and business suspension requests following the declaration of state of emergency as well
as a resurging spread of COVID-19 since July.
Under these circumstances, Jump Co., Ltd., which was made a consolidated subsidiary in the first quarter, is
supporting recruiting activities of client companies mainly by providing recruiting consulting services, producing
recruiting tools, and helping create online internship programs with surging needs amid the COVID -19 pandemic.
Overall, sales of the Recruiting Business decreased 38.2% year-on-year to 1,044 million yen and operating loss
was 140 million yen, compared with operating profit of 410 million yen in the same period of the previous fiscal
year.
In the Information Publishing Business, despite the remaining impact of COVID-19, the volume of our mainstay
lifestyle information and housing information magazines improved significantly as homebuilders, restaurants,
retailers and client companies in service and other sectors are rega ining sales promotion sentiment in the second
quarter. Additionally, the performance of posting services including flyers distributed to households with lifestyle
information magazines recovered, and the volume of “Indeed” business continued to increase steadily.
The concierge services we operate under the “cococolor” brand remained favorable in the career change domain
and returned to a recovery track in the housing domain. Thus, the operating performance of the entire concierge
services grew steadily.
Overall, sales of the Information Publishing Business decreased 9.9% year-on-year to 900 million yen andoperating profit also decreased 62.2% year-on-year to 28 million yen.
In the Other Businesses, the IT & Internet-Related Business category has still faced with weak sales promotion
needs in the HR solution industry, greatly affecting our mainstay “Nihon no Jinjibu” (Japan’s Human Resources
Department) business. However, the profit decline of HR Vision Co., Ltd. was mostly offset by the online
HR-related event “HR Conference 2020 - Spring edition -” under the “Nihon no Jinjibu” (Japan’s Human
Resources Department) brand, which was successfully implemented in May, as well as improved efficiency ofbusiness operations.
Kronos Co., LTD., in the learning field, sustained a healthy operating performance even though COVID-19 has
discouraged many companies from investing in IT-related trainings. This was attributable to successful sales
activities focusing on major companies that are less affected by COVID -19 and received our group training
service for newly hired IT engineers in the first quarter. In contrast, in the system development field, theperformance was sluggish and the business environment remained tough, partly reflecting a series of
postponement and cancellation of development projects coupled with a decrease in development projects suitableeven for less-experienced engineers.
In the Overseas Business category, North and Central America (notably in the U.S. and Mexico) suffered a
substantial decline in recruiting needs. This was because, with the spread of COVID-19, lockdown andshelter-in-place orders in the U.S. as well as stay-at-home requests and other measures in Mexico slowed down
economic activities and companies decided to postpone or suspend their recruiting activities one after another.
Additionally, the temporary staffing business dropped as some confirmed projects were negatively affected by the
postponed start date of employment. Moreover, amid sluggish new contract achievement, the temporary staffing
business in the U.S. was weak partly because of the furlough of the staff who couldn’t respond to teleworking
requested by client companies.

2

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/21

As for Asia (notably in China, Vietnam, and Thailand), the personnel placement business in China achieved
certain results mainly through the placement of professionals while an increasing number of companies are
cautious about recruiting activities with the COVID-19 pandemic eroding business confidence. However, in the
personnel and labor consulting service, the business performance stagnated due to declining needs primarily inlarge group trainings, personnel system development and visa acquisition support while assistance for detailed
needs in business operations, labor management, HR problems and others duri ng the COVID-19 pandemic
contributed to further improving reliability in client companies. In Vietnam, in the midst of overseas travel
restrictions and the temporary suspension of visa issuance, business climate remained tough due mainly todelayed start date of employment, and declining recruiting needs in our strong industries of apparel, constructionand equipment as well as the needs accompanied by new market entry. In Thailand, it would still take time to startfull-fledged personnel placement services as, like in other countries, many companies show no signs of resuming
recruiting activities.
In the U.K., domestic personnel placement services shrank due partly to the suspension of recruiting activities
affected by the COVID-19 related lockdown although international personnel placement services supporting
career changes to non-U.K. European companies (Cross Border Recruitment services) remained favorable.
Meanwhile, the temporary staffing business has been sluggish because customer demand for temporary staffing
decreased following the shift to teleworking.
The Company’s Global Business Division has started to support overseas companies since April 2020 and worked
on promoting the international career change supports (Cross Border Recruitment services), a ttracting more local
registrants who want to change careers, and supporting other activities.
Overall, sales of the Other Businesses increased 22.4% year-on-year to 1,042 million yen and operating profit
increased 7.6% year-on-year to 93 million yen.
As a result of these factors, net sales decreased 2.9% year-on-year to 10,550 million yen, operating profit
decreased 17.3% year-on-year to 1,906 million yen, ordinary profit decreased 12.5% year-on-year to 2,031
million yen, and profit attributable to owners of parent decreased 8.4% year-on-year to 1,422 million yen.
(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 14,922 million yen, which was
1,364 million yen more than at the end of the previous fiscal year. This was mainly the result of an increase in
cash and deposits, despite a decrease in notes and accounts receivable-trade.
Total liabilities were 4,195 million yen, which was 100 million yen more than at the end of the previous fiscal
year. This was mainly the result of an increase in short-term borrowings despite decreases in accounts
payable-trade and provision for bonuses.
Total net assets were 10,727 million yen, which was 1,263 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 toowners of parent. Consequently, the shareholders’ equity ratio improved 2.1 percentage points from the end of theprevious fiscal year to 71.9%.
2) Cash flows
Cash and cash equivalents (hereinafter “net cash”) increased 1,390 million yen from the end of the previous fiscal
year to 8,805 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 decreased 14.5% year-on-year to 1,347 million yen. Negative factors
include a decrease in provision for bonuses of 316 million yen and income taxes paid of 529 million yen. Positive
factors include profit before income taxes of 2,023 million yen.

3

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/21

Cash flows from investing activities
Net cash used in investing activities decreased 1.5% year-on-year to 224 million yen. Negative factors include
purchase of property, plant and equipment, and intangible assets of 232 million yen.
Cash flows from financing activities
Net cash provided by financing activities was 281 million yen, compared with 433 million yen used in the same
period of the previous fiscal year. Negative factors include dividends paid of 431 million yen. Positive factors
include short-term borrowings of 653 million yen.
(3) Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements
As a result of reviewing the results of operations for the first half of the current fiscal year and the future outlook,
we have revised the consolidated earnings forecast for the fiscal year ending March 31, 2021, which wasannounced in “Notice of Announcement of Consolidated Earnings Forecast” dated October 12, 2020 (Japaneseversion only).
For more information, please refer to the press release “Notice of Revisions to the Full-year Earnings Forecast
and Dividend Forecast” announced today (Japanese version only).

4

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/21

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheet
FY3/20(As of Mar. 31, 2020)(Thousands of yen)
Second quarter of FY3/21(As of Sep. 30, 2020)

AssetsCurrent assets
Cash and deposits

7,469,166

8,860,300

Notes and accounts receivable-trade

2,139,732

1,654,561

423,453

371,283

Other
Allowance for doubtful accounts
Total current assets(2,081)(2,046)

10,030,271

10,884,098

879,320858,281

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

4,872

2,389

Tools, furniture and fixtures, net

99,880112,997Land

276,869

276,869

7,360

5,955

1,268,302

1,256,492

Software367,856

416,488

Software in progress

74,851

166,733

Goodwill

74,84674,053

Leased assets, net
Total property, plant and equipment
Intangible assets

Other

10,65910,659Total intangible assets

528,213667,934

Investment securities

926,517

1,354,276

Leasehold deposits

656,096

663,369

Deferred tax assets

100,388

53,868Other52,15245,707

Investments and other assets

Allowance for doubtful accounts(3,433)(3,173)

Total investments and other assets

1,731,721

2,114,049

3,528,237

4,038,476

13,558,509

14,922,574

Total non-current assets
Total assets

5

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/21(Thousands of yen)
Second quarter of FY3/21(As of Sep. 30, 2020)

FY3/20(As of Mar. 31, 2020)
Liabilities
Current liabilities
Accounts payable-trade492,927

201,990

Short-term borrowings

192,502846,3216,000

14,340Current portion of long-term borrowings
Accounts payable-other

838,432

811,639

Accrued expenses

562,217542,592

Income taxes payable552,213515,499

Accrued consumption taxes

349,522

347,914

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

571,211254,142

42,000-20,60025,500Other

348,576

252,469

3,976,203

3,812,409

4,500

78,759Deferred tax liabilities

7,530

198,562

Asset retirement obligations

98,011

98,266

Total current liabilities
Non-current liabilities
Long-term borrowings

Other

8,262

7,244

118,304

382,833

4,094,508

4,195,242

Share capital

351,317351,317

Capital surplus

391,392

391,392

Retained earnings

8,194,756

9,184,413

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

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

Total shareholders’ equity

8,921,459

9,911,116

537,307832,273

1,134(17,861)

538,441

814,412

4,099

1,803

9,464,000

10,727,331

13,558,509

14,922,574

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total 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 FY3/21(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(For the Six-month Period)First six months of FY3/20(Apr. 1, 2019 – Sep. 30, 2019)(Thousands of yen)First six months of FY3/21(Apr. 1, 2020 – Sep. 30, 2020)

Net sales

10,864,044

10,550,262

Cost of sales

3,674,020

3,763,915

Gross profit

7,190,024

6,786,347

Selling, general and administrative expenses

4,884,849

4,879,674

Operating profit

2,305,174

1,906,672

Interest income

423

937

Dividend income

7,192

5,557

Subsidy income-

112,615

Other

11,857

8,258

Total non-operating income

19,473

127,369

Interest expenses

996

2,323

Foreign exchange losses

964-

Commission expenses

730

-

Other

120

47

2,812

2,370

2,321,835

2,031,671

Gain on sales of investment securities

63,338-

Total extraordinary income

63,338

-

-

231

178

11

Non-operating income

Non-operating expenses

Total non-operating expenses
Ordinary profit
Extraordinary income

Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Impairment loss

60,114-

Office relocation expenses

-

7,569

Total extraordinary losses

60,292

7,812

Profit before income taxes

2,324,880

2,023,858

Income taxes-current

715,594

491,388

Income taxes-deferred

56,264

111,981

Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

7771,858

603,370

1,553,021

1,420,488

296(2,428)1,552,724

1,422,917

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/21

Quarterly Consolidated Statement of Comprehensive Income(For the Six-month Period)First six months of FY3/20(Apr. 1, 2019 – Sep. 30, 2019)(Thousands of yen)First six months of FY3/21(Apr. 1, 2020 – Sep. 30, 2020)

1,553,021

1,420,488(17,451)

294,966

Foreign currency translation adjustment(6,176)(18,863)

Total other comprehensive income(23,627)

276,1031,529,394

1,696,591

1,529,110

1,698,887

283(2,296)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

8

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/21(3) Quarterly Consolidated Statement of Cash Flows(Thousands of yen)First six months of FY3/20
First six months of FY3/21(Apr. 1, 2019 – Sep. 30, 2019) (Apr. 1, 2020 – Sep. 30, 2020)
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment loss
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for directors(and other officers)
Increase (decrease) in provision for repayment
Interest and dividend income
Interest expenses
Loss (gain) on sales of investment securities
Loss (gain) on sales of non-current assets
Loss on retirement of non-current assets
Relocation expenses
Decrease (increase) in trade receivables
Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes
Other, net

2,324,880
86,577
60,1147,085
426(132,554)

2,023,858
102,587
6,369(307)(316,952)(62,450)(42,000)

5,600(7,615)996(63,338)178
265,528(264,238)(38,341)
19,071

4,900(6,494)
2,323
231
11
7,569
384,059(231,651)(1,364)(60,730)

Subtotal

2,201,920

1,872,410

Interest and dividends received
Interest paid
Income taxes paid

7,615
(1,015)(633,781)

6,495(2,392)(529,411)

Net cash provided by (used in) operating activities

1,574,739

1,347,102(232,925)(104,255)(2,820)112,265(705)(49,716)439(182,818)(2,861)--

11,362

Cash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Proceeds from purchase of shares of subsidiaries resulting
in change in scope of consolidation
Net cash provided by (used in) investing activities(227,736)(224,299)

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Repayments of lease obligations
Dividends paid

1,100
(1,939)(432,998)

653,819
66,448(5,085)(1,523)(431,708)

Net cash provided by (used in) financing activities(433,838)

281,950

Effect of exchange rate change on cash and cash equivalents(3,555)(14,196)

Net increase (decrease) in cash and cash equivalents

909,608

1,390,557

Cash and cash equivalents at beginning of period

6,334,521

7,415,291

Cash and cash equivalents at end of period

7,244,129

8,805,848

9

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/21(4) Notes to Quarterly Consolidated Financial Statements
Going-concern Assumption
Not applicable.
Significant Changes in Shareholders’ Equity
Not applicable.
Segment Information
I. First six months of FY3/20 (Apr. 1, 2019 – Sep. 30, 2019)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment
Human
Resources
Services
Business

Recruiting
Business

Information
Publishing
Business

Subtotal

Other(Note 1)

Total

(Thousands of yen)Amount in
the quarterly
Adjustment consolidated(Note 2)statement ofincome(Note 3)

Net sales
Sales to external
7,322,485 1,689,947
999,912 10,012,345 851,698 10,864,044
10,864,044
customers
Inter-segment sales
4,184
6,432
4,250
14,866
4,085
18,951(18,951)
and transfers
Total
7,326,669 1,696,380
1,004,162 10,027,212 855,783 10,882,996(18,951)
10,864,044
Segment profit
2,130,687
410,442
74,564 2,615,695
87,194 2,702,889(397,715)
2,305,174
Notes: 1. “Other” represents the businesses which are not included in any of the reportable segments and mainly consistsof the Internet-Related Business and the Overseas Business.
2. The (397,715 ) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
97,036 thousand yen, and (494,751) 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 profit shown on the quarterly consolidated statement of income.
2. Information pertaining to impairment losses of non-current assets, goodwill, etc. in reportable segments(Significant impairment losses on non-current assets)
The “Other (Overseas Business)” segment reported an impairment loss on goodwill of 60,114 thousand yen for the firstsix months of the fiscal year under review.
II. 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
Business

Subtotal

Other(Note 1)

Total

(Thousands of yen)Amount in
the quarterly
Adjustment consolidated(Note 2)statement ofincome(Note 3)

Net sales
Sales to external
7,562,941 1,044,385
900,554 9,507,880 1,042,381 10,550,262- 10,550,262
customers
Inter-segment sales
3,176
4,082
4,049
11,30831,69543,003(43,003)and transfers
Total
7,566,118 1,048,467
904,603 9,519,189 1,074,076 10,593,266(43,003) 10,550,262
Segment profit (loss) 2,321,923(140,703)
28,155 2,209,375
93,819 2,303,194(396,521)
1,906,672
Notes: 1. “Other” represents the businesses which are not included in any of the reportable segments and mainly consists of
the IT and Internet-Related Business, and the Overseas Business.
2. 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 accounti ng at the Company.
3. Segment profit (loss) is adjusted with operating profit 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
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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