Summary of Consolidated Financial Results for the First Quarterof the Fiscal Year Ending March 31, 2019
(Three Months Ended June 30, 2018)[Japanese GAAP]
July 31, 2018

Company name: QUICK CO.,LTD.
Listing: First Section, Tokyo Stock Exchange
Stock code:
4318
URL: https://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:
August 10, 2018
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 First Quarter of the Fiscal Year Ending March 31, 2019
(April 1, 2018 – June 30, 2018)(1) Consolidated results of operations(Percentages represent year-on-year changes.)
Net sales
Millions of yen

Operating profit%

Millions of yen% Millions of yen

Three months ended Jun. 30, 2018
5,733 18.9
1,790 25.0
Three months ended Jun. 30, 2017
4,823 15.6
1,432 10.8
Note: Comprehensive income (millions of yen) Three months ended Jun. 30, 2018:
Three months ended Jun. 30, 2017:%

Millions of yen%

1,799 22.3
1,471 11.8
1,310 (up 23.7%)
1,059 (up 16.7%)

1,225
1,047

16.9
17.2

Net income per share

Diluted net income per share

Yen

Yen

65.21
55.77

-

Three months ended Jun. 30, 2018
Three months ended Jun. 30, 2017

Profit attributable toowners of parent

Ordinary profit(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Millions of yen

Shareholders’ equity ratio Net assets per share%

As of Jun. 30, 2018
11,231
7,924
10,451
6,977
As of Mar. 31, 2018
Reference: Shareholders’ equity (millions of yen)
As of Jun. 30, 2018:
7,913

Yen

70.5
66.6
As of Mar. 31, 2018: 6,964

421.20370.72

2. Dividends
1Q-end2Q-endYen

Fiscal year ended Mar. 31, 2018
Fiscal year ending Mar. 31, 2019
Fiscal year ending Mar. 31, 2019 (forecast)
Note: Revisions to the most recently announced dividend forecast: None

Dividend per share
3Q-endYear-end

Total

Yen

Yen

Yen

Yen

17.00

-

18.00

35.00

19.00

-

19.00

38.00

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2019 (April 1, 2018 – March 31, 2019)
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

First half
9,695 15.4
1,929 13.9
1,951 11.8
Full year
18,500 10.3
2,300
4.6
2,530 10.0
Note: Revisions to the most recently announced consolidated earnings forecast: None%

Millions of yen%

Millions of yen

1,351
1,753

10.0
7.8

71.95
93.34

* 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: 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 Jun. 30, 2018:19,098,576 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 Jun. 30, 2018:311,171 shares

3) Average number of shares outstanding during the period
Three months ended Jun. 30, 2018: 18,787,444 shares

Three months ended Jun. 30, 2017: 18,787,541 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
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 3 of the attachments “1. Qualitative Information on Quarterly Consolidated Financial Performance, (3) Explanation ofConsolidated Forecast and Other Forward-looking Statements.”

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/19

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation of Results of Operations
During the first three months of the fiscal year ending March 31, 2019, the Japanese economy continued torecover at a moderate pace backed by improvements in corporate earnings and the employment situation.
However, the economic outlook is uncertain, given the negative factors such as the impact of damages caused byheavy rain mainly in western Japan and concerns over the trade friction between the U.S. and China as well as
increases in raw material cost and labor cost due respectively to high crude oil prices and the severe labor
shortage in Japan.
In Japan’s labor market, a shortage of workers is becoming more severe in various sectors, particularly at small
and medium-sized companies. In May 2018, the seasonally adjusted job openings-to-applicants ratio was 1.60,
and notably, the seasonally adjusted job openings-to-applicants ratio for full-time employees was record high of
1.10. The seasonally adjusted unemployment rate also stood at as low as 2.2%, indicating that Japan remains
almost a full employment economy where all people who wish to work can work.
During the first quarter, 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 fromcompetitors and increasing customer satisfaction by helping solve recruiting and other labor-related problems atclient companies. Meanwhile, the Group has used numerous measures to build a stronger foundation for business
operations by aggressively recruiting people with outstanding skills and making other investments in humanresources.
In the personnel placement category of the Human Resources Services Business, recruiting needs remained highprimarily in the construction, civil engineering, and manufacturing sectors. As a result, the placements ofprofessionals and technical staff to companies in these sectors expanded significantly. In addition, the businessperformance remained solid in the placements of nurses to hospitals and nursing care facilities with the peak of
employment accession in April, amid the increasing competition with other companies to register people for job
placements against a backdrop of strong recruiting needs. This is attributable to our efforts, including providing
an extensive support to registrants for job placements, and further strengthening promotions.
Under such circumstances, QUICK took steps aimed at differentiating services from competitors and improving
customer satisfaction by expanding services including renewing the website it operates.
In the temporary staffing, temporary-to-permanent staffing and business contracting categories, the temporary
placement of workers in the medical and welfare sectors and of childcare workers remained steady. Demand also
remained strong for the provision of temporary part-time workers for specialized jobs in the IT andinternet-related sectors and for sales assistants and others since the use of part-time staff placement has become
more recognized by and acceptable to client companies, reflecting the difficulty of recruiting full-time employees
or securing full-time contractors due to the labor shortage associated with a declining unemployment rate inJapan.
Overall, the segment sales increased 20.0% year-on-year to 3,926 million yen and operating profit increased
27.8% year-on-year to 1,730 million yen.
In the Recruiting Business, the volume of recruiting advertisements for full-time employees in the mid-year
hiring category increased against the backdrop of the increasing severity of the labor shortage in Japan mainly at
small and medium-sized companies. The volume of recruiting advertisements for hiring part-time workers also
remained firm.
Under these circumstances, we worked to strengthen consulting operations to improve the effect of recruiting
advertisements, thereby raising customer satisfaction. In the new college graduate category, with the backgroundof the student-dominant seller’s market, the volume of business remained steady for advertisements on a website
newly launched in June targeting students planning to graduate in March 2020 and searching for an internposition in addition to recruiting advertisements that target students expected to graduate in March 2019 and forservices involving joint information meetings, exhibits and other recruiting events.

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QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/19

Overall, the segment sales increased 10.7% year-on-year to 901 million yen and operating profit increased 23.5%
year-on-year to 197 million yen.
In the Information Publishing Business, we achieved solid performance in the posting service using flyers
inserted in newspapers and other publications on top of the bookstore sale media such as “Iezukuri Navi,” ahousing information magazine and “Kekkon Sanka,” a bridal information magazine for readers in Hokuriku.
Moreover, the concierge services we operate under the “Cococolor” brand performed strong across all service
lines of career change, house building, and wedding.
In June this year, we first published a free life-style magazine “Takaoka Joho” for distribution in Takaoka City,
Toyama Prefecture, and started posting it in the area. As such, we developed a new market by leveraging our
know-how of the existing services.
Overall, the segment sales increased 3.6% year-on-year to 451 million yen and operating profit increased 820.4%
year-on-year to 27 million yen.
In other businesses, the advertising revenues at “Nihon no Jinjibu” (Japan’s Human Resources Department), an
information portal site for human resources and labor relations, steadily expanded in the Internet-Related
Business.
In response to the strong demand for this type of information, we published an interview-based magazine titled“Nihon no Jinjibu Leaders” Vol. 6 in April as part of branding reinforcement measures for “Nihon no Jinjibu.”
Further in May, we organized human resources events “HR Conference 2018 Spring” in Tokyo and Osaka. Thanks
to our lineup of HR technology and many other high-profile programs in the HR field, we had a record-highnumber of visitors over 12,000 and achieved a new record-high sales, contributing greatly to our earnings growth.
In the Overseas Business, QUICK USA, Inc. expanded business performance in personnel placement andtemporary staffing by providing services finely tuned to cater for to both recruitment companies and job seekers
and revising prices amid further intensified competition for acquiring job seekers with working qualification
within the US due to the tightening of labor visa acquisition for foreigners.
Shanghai QUICK CO. LTD. expanded its business performance of recruitment consulting as a result ofstrengthening its sales structure in addition to the favorable results of personnel and labor consulting services foreducation and training and personnel system design.
QUICK GLOBAL MEXICO, S.A. DE C.V. continued enjoying strong demand from locally operated Japanese
automakers for interpreters, salespeople and production controllers. In addition, the company successfully seizedgrowing opportunities of recruitment support for local Japanese companies in the sectors other than theautomobile sector including financial services and trading. However, the business performance stagnated becauseof protracted consulting periods in many cases.
Centre People Appointments Ltd steadily expanded the business performance of personnel placement bystrengthening the sales structure. QUICK VIETNAM CO., LTD. also had an excellent performance of personnel
placement for local Japanese companies entering the Vietnam market. Moreover, QUICK GLOBAL CO., LTD.
provided services to support foreign operations including a support for QUICK GLOBAL MEXICO, S.A. DE C.V.
to acquire new registrants and market research for establishing new offices.
Overall, sales of other businesses increased 50.9% year-on-year to 454 million yen and operating profit increased
28.6% year-on-year to 91 million yen.
As a result of these factors, sales and earnings set a new first quarter record just as in the first quarter of theprevious fiscal year. Net sales increased 18.9% year-on-year to 5,733 million yen, operating profit increased
25.0% year-on-year to 1,790 million yen, ordinary profit increased 22.3% year-on-year to 1,799 million yen, andprofit attributable to owners of parent increased 16.9% year-on-year to 1,225 million yen.

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QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/19(2) Explanation of Financial Position
Total assets at the end of the first quarter of the fiscal year under review were 11,231 million yen, which was 780
million yen more than at the end of the previous fiscal year. This was mainly the result of increases in cash anddeposits and investment securities despite a decrease in notes and accounts receivable-trade.
Total liabilities were 3,306 million yen, which was 167 million yen less than at the end of the previous fiscal year.
This was mainly the result of decreases in accounts payable-trade and provision for bonuses despite increases inincome taxes payable and accrued consumption taxes.
Total net assets were 7,924 million yen, which was 947 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 3.9 percentage points from the end of theprevious fiscal year to 70.5%.
(3) Explanation of Consolidated Forecast and Other Forward-looking Statements
At this point, there are no revisions to the first-half and the full-year consolidated earnings forecasts for the fiscal
year ending March 31, 2019 that was announced in the “Summary of Consolidated Financial Results for the
Fiscal Year Ended March 31, 2018 (Japanese GAAP)” on April 27, 2018.
An announcement will be made promptly if the review of impact on the Group’s business performance requires arevision to these forecasts.

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QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/19

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheet
FY3/18(As of Mar. 31, 2018)(Thousands of yen)First quarter of FY3/19(As of Jun. 30, 2018)

AssetsCurrent assets
Cash and deposits

5,044,883

6,176,365

Notes and accounts receivable-trade

1,997,915

1,630,738

Other

380,119

290,954

Allowance for doubtful accounts(1,443)(1,471)

7,421,474

8,096,587

531,709521,495

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

6,838

6,307

Tools, furniture and fixtures, net

90,01285,290Land

276,869

276,869

Leased assets, net

8,022

13,536

Construction in progress

70,811

156,320

Total property, plant and equipment

984,264

1,059,818

143,708

137,062

6,224

4,408

Other

192,428

192,394

Total intangible assets

342,361

333,865

Intangible assets
Goodwill
Leased assets

Investments and other assets
Investment securities

1,100,759

1,176,968

Lease deposits

510,491

510,228

Deferred tax assets

40,67020,460Other62,25038,929Allowance for doubtful accounts(11,105)(5,280)Total investments and other assets
Total non-current assets
Total assets

4

1,703,065

1,741,305

3,029,691

3,134,989

10,451,165

11,231,577

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/19

FY3/18(As of Mar. 31, 2018)(Thousands of yen)First quarter of FY3/19(As of Jun. 30, 2018)

Liabilities
Current liabilities
Accounts payable-trade655,473286,754

Short-term loans payable

188,300

239,000

Accounts payable-other889,392

810,686

Accrued expenses

442,178475,795

Income taxes payable

342,450

531,096

Accrued consumption taxes

235,419

336,054

Provision for bonuses

359,642

154,877

Provision for repayment

17,10017,900

Other

190,049

204,748

3,320,007

3,056,912

Deferred tax liabilities

90,871

181,228

Asset retirement obligations

55,31055,471

Total current liabilities
Non-current liabilities

Other

7,886

13,006

154,068

249,706

3,474,075

3,306,619

Capital stock

351,317351,317

Capital surplus

307,998

307,998

Retained earnings

5,723,382

6,585,979

Treasury shares(19,223)(19,304)

Total shareholders’ equity

6,363,475

7,225,990

Valuation difference on available-for-sale securities

586,784

680,384

Foreign currency translation adjustment

14,6296,840

Total accumulated other comprehensive income

601,413687,225

12,201

11,742

6,977,090

7,924,958

10,451,165

11,231,577

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

Accumulated other comprehensive income

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

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QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/19(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(For the Three-month Period)First three months of FY3/18(Apr. 1, 2017 – Jun. 30, 2017)(Thousands of yen)First three months of FY3/19(Apr. 1, 2018 – Jun. 30, 2018)

Net sales

4,823,465

5,733,747

Cost of sales

1,602,041

1,740,218

Gross profit

3,221,424

3,993,528

Selling, general and administrative expenses

1,788,594

2,203,143

Operating profit

1,432,829

1,790,385

Non-operating income
Interest income

14

105

Dividend income

8,394

5,654

Book sales commission

5,258

-

Subsidy income

20,250

-

Other

6,609

5,905

Total non-operating income

40,525

11,665Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit

623

434

1,658

1,864

50

44

2,331

2,343

1,471,023

1,799,706

-

1,746

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

-

1,746

1,471,023

1,797,960

295,079

505,299

Income taxes-deferred

127,471

67,759Total income taxes

422,551

573,058

1,048,471

1,224,902

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

6

690

(308)

1,047,781

1,225,210

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/19

Quarterly Consolidated Statement of Comprehensive Income(For the Three-month Period)First three months of FY3/18(Apr. 1, 2017 – Jun. 30, 2017)(Thousands of yen)First three months of FY3/19(Apr. 1, 2018 – Jun. 30, 2018)

1,048,471

1,224,902

Valuation difference on available-for-sale securities

14,25293,600Foreign currency translation adjustment(3,038)(7,939)Total other comprehensive income

11,21485,661

1,059,686

1,310,563

Comprehensive income attributable to owners of parent

1,059,075

1,311,022

Comprehensive income attributable to non-controllinginterests

610

(459)

ProfitOther comprehensive income

Comprehensive income
Comprehensive income attributable to7

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/19(3) Notes to Quarterly Consolidated Financial Statements
Going-concern Assumption
Not applicable.
Significant Changes in Shareholders’ Equity
Not applicable.
Additional Information
Application of Partial Amendments to Accounting Standard for Tax Effect Accounting, etc.
Effective from the beginning of the first quarter of the current fiscal year, 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, deferred tax assets anddeferred tax liabilities have been presented in the investments and other assets section and the non-current
liabilities section of the consolidated balance sheet, respectively.
Segment Information
I. First three months of FY3/18 (Apr. 1, 2017 – Jun. 30, 2017)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment(Thousands of yen)Amount in
the quarterly
Adjustment consolidated(Note 2)statement ofincome(Note 3)

Human
Resources
Services
Business

Recruiting
Business

Information
Publishing
Business

Subtotal

Other(Note 1)

Total

3,272,827

813,786

435,605

4,522,219

301,246

4,823,465-

4,823,465

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

793

676

1,660

3,129

10,216

13,346(13,346)-

3,273,621

814,462

437,265

4,525,349

311,462

4,836,811(13,346)

4,823,465

Segment profit

1,354,250

160,209

3,036

1,517,496

71,4101,588,906(156,076)

1,432,829

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 (156,076) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
34,021 thousand yen, and (190,098) 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
Not applicable.

8

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/19

II. First three months of FY3/19 (Apr. 1, 2018 – Jun. 30, 2018)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment(Thousands of yen)Amount in
the quarterly
Adjustment consolidated(Note 2)statement ofincome(Note 3)

Human
Resources
Services
Business

Recruiting
Business

Information
Publishing
Business

Subtotal

Other(Note 1)

Total

3,926,609

901,226

451,322

5,279,158

454,588

5,733,747-

5,733,747

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

176

1,757

2,781

4,715

9,630

14,346(14,346)-

3,926,785

902,984

454,104

5,283,874

464,218

5,748,093

ሺ14,346)

5,733,747

Segment profit

1,730,379

197,878

27,946

1,956,204

91,8292,048,033

ሺ257,647)

1,790,385

Notes: 1. “Other” represents the businesses which are not included in any of the reportable segments and mainly consistsof Internet-Related Business and Overseas Business.
2. The (257,647) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
39,545 thousand yen, and (297,193) 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
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.

9