Summary of Consolidated Financial Results for the Third Quarterof the Fiscal Year Ending March 31, 2022
(Nine Months Ended December 31, 2021)[Japanese GAAP]
January 31, 2022

Company name: QUICK CO., LTD.
Listing: First Section, Tokyo Stock Exchange
Stock code:
4318
URL: https://919.jp/
Representative: Tsutomu Wano, Chairman
Contact:
Kenta Kijima, Senior Executive Officer,
General Manager of Administration and Accounting Division
Tel: +81-6-6366-0919
Scheduled date of filing of Quarterly Report:
February 10, 2022
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, 2022
(April 1, 2021 – December 31, 2021)(1) Consolidated results of operations(Percentages represent year-on-year changes.)
Net sales

Operating profit

Profit attributableto owners of parent

Ordinary profit

Millions of yen% Millions of yen% Millions of yen% Millions of yen
17,569 20.9
3,238
85.5
3,276
70.9
2,284
Nine months ended Dec. 31, 2021
14,534
1,745
1,916
1,326
Nine months ended Dec. 31, 2020
Note: Comprehensive income (millions of yen) Nine months ended Dec. 31, 2021: 2,636 (up 61.5%)
Nine months ended Dec. 31, 2020: 1,632 (-%)
Net income per share
Diluted net income per share
Yen

%

72.2
-

Yen

Nine months ended Dec. 31, 2021
121.25
Nine months ended Dec. 31, 2020
70.43
Note: Beginning with the first quarter of the fiscal year ending March 31, 2022, the Company has applied Accounting Standard
for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29, March 31, 2020). All figures
for the nine months ended December 31, 2020 have been adjusted retroactively to conform with this accounting standard.
Accordingly, the year-on-year changes for the nine months ended December 31, 2020 are not presented.

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Millions of yen

Shareholders’ equity ratio Net assets per share%

Yen

As of Dec. 31, 2021
17,061
12,45773.0
661.27
As of Mar. 31, 2021
15,103
10,68770.7
567.24
Reference: Shareholders’ equity (millions of yen)
As of Dec. 31, 2021: 12,456
As of Mar. 31, 2021: 10,685
Note: Beginning with the first quarter of the fiscal year ending March 31, 2022, the Company has applied Accounting Standard
for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020). All figures as of March 31, 2021 have been adjusted
retroactively to conform with this accounting standard.

2. Dividends
1Q-endYen

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

Yen

Fiscal year ended Mar. 31, 2021
18.00
Fiscal year ending Mar. 31, 2022
20.00
Fiscal year ending Mar. 31, 2022 (forecast)
Note: Revisions to the most recently announced dividend forecast: Yes
Note: Breakdown of dividend for the fiscal year ended Mar. 31, 2021
2Q-end: Ordinary dividend: 12.00 yen; Commemorative dividend: 6.00 yen
Year-end: Ordinary dividend: 20.00 yen; Commemorative dividend: 6.00 yen

Total

Yen

Yen

Yen

-

26.00

44.00

28.00

48.00

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

Operating profit%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

Full year
23,390 20.8
3,257
74.5
3,300
55.4
2,246
53.5
119.23
Note: Revisions to the most recently announced consolidated earnings forecast: Yes
Note: Beginning with the first quarter of the fiscal year ending March 31, 2022, the Company has applied Accounting Standard
for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020). The percentages that represent year-on-year changesof the full year earnings forecast for the fiscal year ending March 31, 2022 are the figures compared with those for the fullyear earnings results for the fiscal year ended March 31, 2021 that have been adjusted retrospectively to conform with thesaid accounting standard.

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

(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, 2021:

19,098,576 shares

As of Mar. 31, 2021:

19,098,576 shares

As of Mar. 31, 2021:

261,173 shares

2) Number of treasury shares at the end of the period
As of Dec. 31, 2021:

261,301 shares

3) Average number of shares outstanding during the period
Nine months ended Dec. 31, 2021:

18,837,322 shares

Nine months ended Dec. 31, 2020:

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

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

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, 2022, with COVID-19 vaccines becoming widely
available, the number of new cases decreased and the state of emergency measures were lifted, which eased
restrictions on activities. Consequently, the Japanese economy showed signs of a rebound mainly on the back ofresuming economic activities and recovering consumer spending. However, the economic outlook remains
uncertain because the omicron variant has fueled new cases since December 2021, which reminds us of thepossibility of the repeated resurgence of infection.
Meanwhile, in Japan’s labor market, the seasonally adjusted job openings-to-applicants ratio was 1.15 and theseasonally adjusted unemployment rate was 2.8% in November 2021, suggesting that a seesawing trend
continues.
Under such business environment, the Group worked on differentiating the QUICK Group from competitors andincreasing customer satisfaction by helping our client companies to solve their HR related problems by expanding
operations in new strategic market sectors and strengthening coordination between the group companies.
Furthermore, the Group strengthened the business base by restructuring the sales structure in order to boost theperformance.
As a result, we achieved sales and earnings growth, both reaching all-time highs. Net sales increased 20.9%
year-on-year to 17,569 million yen, operating profit increased 85.5% year-on-year to 3,238 million yen, ordinary
profit increased 70.9% year-on-year to 3,276 million yen, and profit attributable to owners of parent increased
72.2% year-on-year to 2,284 million yen.
Performance of the business segments is described as follows.
Beginning with the first quarter of the fiscal year ending March 31, 2022, the Company has applied AccountingStandard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) and other pronouncements(hereinafter collectively, the “Accounting Standards”). Therefore, comparisons and analysis were made using thefigures that were adjusted reflecting the retrospective application of the Accounting Standards.
In addition, the Company changed the classification of its reportable segments in the previous fiscal year. The
following year-on-year comparisons are based on the figures for the same period of the previous fiscal year,
which have been reclassified to reflect the new segment classifications.
(Human Resources Services Business)
1) Personnel Placement
In the personnel placement category, with the fifth wave of the pandemic calming down, recruiting needs
remained robust mainly in the construction, electrical equipment, machinery and pharmaceutical industries. In
addition, recruiting appetite started to come back in the automobile industry although it had been subdued due toa decreased production amid a shortage of semiconductors and delay in parts supply from Southeast Asian
countries. Meanwhile, recruiting needs for nurses remained high in medical institutions, nursing homes and others.
Given this business environment, the personnel placement business for specific fields targeting construction andpharmaceutical related categories, various types of engineers as well as nurses placement grew favorably. Those
were the major results of our efforts including having more meetings with our client companies and registrants
who wish to change careers, focusing on selected categories and providing an extensive support responsive tochanges in the market.
2) Temporary Staffing, Temporary-to-Permanent Staffing, and Business Contracting
In the temporary staffing, temporary-to-permanent staffing and business contracting categories, in addition tolasting strong hiring needs for nurses at medical and welfare category, the needs for vaccination-related staff aswell as call center and other COVID-19-related staff contributed to the steady performance of temporary staffing

1

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

of nurses. Meanwhile, robust demand for the temporary staffing of childcare workers expanded the performance.
Overall, sales of the Human Resources Service Business increased 20.5% year-on-year to 12,218 million yen andoperating profit also increased 36.3% year-on-year to 2,897 million yen.
(Recruiting Business)
In the Recruiting Business, as the lifting of the state of emergency in October 2021 substantially boosted
recruiting needs of restaurant, distribution and service businesses that had suspended their recruiting activities, inthe mid-career hiring category, continuous customer development and strengthened sales activities steadily
increased the volume of our focus “Indeed” business. Furthermore, the volume of other recruiting advertisements
for full-time employees and part-time workers was favorable thanks to improving recruiting needs. The volume ofrecruiting advertisements for potential registrants for temporary staffing expanded steadily as well. On the other
hand, the performance of the new college graduate category remained roughly on par.
In addition, services other than the handling of recruiting advertisement also posted a higher revenue. This was
thanks to the addition of support services for recruiting activities of client companies mainly by offering a
consultation on new graduate and mid-career recruiting strategy, proposing online internship programs andproviding training programs for recruiters through Jump Co., Ltd., which joined the Group in June 2020.
Overall, sales of the Recruiting Business increased 30.2% year-on-year to 1,900 million yen and operating profit
was 287 million yen, compared with a loss of 14 million yen in the same period of the previous fiscal year.
(Information Publishing Business)
In the Information Publishing Business, the sales promotion sentiment of our client companies came back to therecovery track after quasi-emergency measures were lifted in Ishikawa and Toyama prefectures in September
2021, which increased the advertisement placements for sales promotion and events. In addition, increasing
recruiting needs for the busy year-end and new-year period pushed up the volume of recruiting advertisements,
which contributed to the solid performance of lifestyle information magazines. “Indeed” also remained strong.
Meanwhile, posting services including flyers distributed to households with lifestyle information magazines
benefitted from recovering sales promotion sentiment of our client companies, and the volume of flyers in
Kanazawa, Toyama and Takaoka areas increased. Hence, the services grew steadily.
Furthermore, the concierge services we operate under the “cococolor” brand continued to perform well as all the
domains of career change, housing and bridal achieved revenue increase.
Overall, sales of the Information Publishing Business increased 15.6% year-on-year to 1,581 million yen andoperating profit increased 225.5% to 177 million yen.
(IT and Internet-Related Business)
In the IT & Internet-Related Business category, “Nihon no Jinjibu” (Japan’s Human Resources Department)
related service has experienced drastic changes in the environment surrounding our client companies due to thepandemic. Responding to such changes, more and more companies are showing interests in better businessefficiency, labor saving, IT introduction, and even engagement enhancement for improving motivation andretention of employees. Additionally, business conditions of recruiting and HR development-related companies
were recovering. As a result, we achieved a substantial increase in advertising revenues from “Nihon no
Jinjibu”—our portal website for personnel and labor relations. Furthermore, the online HR related event, “Nihonno Jinjibu HR Conference 2021-Fall-” held in November 2021 hit a record high in revenue as well as in thenumber of exhibiters, which contributed to higher sales and earnings of “Nihon no Jinjibu” related services.
As for the system development category, a gradual recovery of system investment spurred the competition for
acquiring development engineers to meet such demands. With this in mind, we made every effort to proactively
solicit new projects including those from existing customers and secure human resources for development
projects by leveraging our engineers in the learning business. As a result, the operating performance remained
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QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/22

strong. Meanwhile, the learning field posted decreased revenue. Specifically, our sales force strengthened thepromotion of customized training programs in order to satisfy growing training needs of companies that would
like to make up for the shortage of engineers in the job market, and we started vocational training courses andorganized group trainings as a certified training organization under the Support System for Job Seekers by the
Ministry of Health, Labour and Health. However, the pandemic forced us to struggle to attract participants.
Overall, sales of the IT and Internet-Related Business increased 18.8% year-on-year to 1,182 million yen andoperating profit also increased 82.3% year-on-year to 435 million yen.
(Overseas Business)
In North and Central America (notably in the U.S. and Mexico), reflecting a continued improvement in hiring
sentiment following the recovery of the economic environment, the U.S. operations enjoyed favorable personnel
placement business and put the temporary staffing business back on a recovery track. However, in Mexico, thepersonnel placement business posted a revenue decrease due to a drop in corporate recruiting needs because thesupply chain disruption and the semiconductor shortage caused by the pandemic worsened the economic
environment.
In Asia (notably in China, Vietnam, and Thailand), the strengthened sales activities for key client companies
generated revenue growth in the personnel placement business in China even though economic recovery has
slowed down partly due to a localized lockdown under the zero-COVID policy, stagnant production activities
associated with power supply limitation, and declining consumer spending. In addition, personnel and laborconsulting business remained on track, enjoying new orders for education/training services on top of strong
advisory services. In Vietnam, the pandemic-induced lockdown limited our sales activities, and the deteriorating
economic environment discouraged corporate hiring sentiment and forced companies to suspend their recruiting
activities. As a result, the personnel placement business reported a decrease in revenue. In Thailand, despite alockdown, the personnel placement business achieved a year-on-year increase in revenue as a result of the efforts
to strengthen promotional activities to approach Chinese and Taiwanese companies, the U.S. and European
countries, and Thai local companies.
In the U.K., economic activities were being normalized after the lifting of lockdown measures in July 2021, with
the number of new cases seesawing. Against this backdrop, corporate recruiting demand continued to increase as
some companies started recruiting talent in anticipation of the post-COVID-19 economy. Accordingly, thepersonnel placement services as well as temporary staffing services performed well.
The Company’s Global Business Division also give sales supports to overseas companies and worked on
promoting the international career change supports (Cross Border Recruitment services) to attract more local
registrants who want to change careers, and supporting other activities.
Overall, sales of the Other Businesses increased 19.7% year-on-year to 687 million yen and operating profit was
24 million yen, compared with a loss of 68 million yen in the same period of the previous fiscal year.
(2) Explanation of Financial Position
Total assets at the end of the third quarter of the fiscal year under review were 17,061 million yen, which was
1,958 million yen more than at the end of the previous fiscal year. This was mainly the result of increases in cash
and deposits and investment securities.
Total liabilities were 4,603 million yen, which was 187 million yen more than at the end of the previous fiscal
year. This was mainly the result of increases in income taxes payable, accrued consumption taxes and deferred tax
liabilities despite decreases in accounts payable-trade and short-term borrowings.
Total net assets were 12,457 million yen, which was 1,770 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. The shareholders’ equity ratio improved 2.3 percentage points from the end of the previous
fiscal year to 73.0%.

3QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/22(3) Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements
As a result of reviewing the results of operations for the first nine months of the current fiscal year and the future
outlook, we have revised the full-year consolidated earnings forecasts for the fiscal year ending March 31, 2022,
which were announced in the “Summary of Consolidated Financial Results for the Fiscal Year Ended March 31,
2021 (Japanese GAAP)” on April 28, 2021.
For more information, please refer to the press release “Notice of Revisions to the Earnings Forecast and Year-end
Dividend Forecast (Dividend Increase)” announced today (Japanese version only).

4

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

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheet(Thousands of yen)
Third quarter of FY3/22(As of Dec. 31, 2021)

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

8,151,779

9,642,660

Notes and accounts receivable-trade

1,989,492

1,803,304

Other324,936

329,363

Allowance for doubtful accounts(2,397)(2,110)10,463,810

11,773,218

835,006

800,199

2,242

2,236

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

99,15979,097

Land

276,869

276,869

Leased assets, net

8,244

6,323

-

45,0001,221,521

1,209,725

Software629,824

833,908

Software in progress

127,079

80,451

Goodwill

69,517

61,977

Construction in progress
Total property, plant and equipment
Intangible assets

Other

10,65910,659Total intangible assets

837,080

986,997

Investment securities

1,732,291

2,207,118

Leasehold deposits

685,835

681,985

Deferred tax assets

105,20293,827

Other

62,336116,307

Investments and other assets

Allowance for doubtful accounts(4,318)(7,390)Total investments and other assets

2,581,347

3,091,848

4,639,949

5,288,571

15,103,760

17,061,789

Total non-current assets
Total assets

5

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/22(Thousands of yen)
Third quarter of FY3/22(As of Dec. 31, 2021)

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

347,080

Short-term borrowings

299,957

194,000

Accounts payable-other

1,088,965

1,054,287

Accrued expenses

544,457

686,205

Income taxes payable

331,134

665,656

Accrued consumption taxes

284,294449,968

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

594,263497,784

35,310

-

570

2,261

Other

418,942

206,830

4,089,986

4,104,074

Deferred tax liabilities

210,889393,769

Asset retirement obligations

98,856

98,407

Total current liabilities
Non-current liabilities

Other

16,541

7,569

Total non-current liabilities

326,287499,746

4,416,273

4,603,821

Share capital

351,317351,317

Capital surplus

391,392

391,392

Retained earnings

8,879,353

10,296,863

Treasury shares(16,005)(16,171)

Total shareholders’ equity

9,606,057

11,023,401

Valuation difference on available-for-sale securities

1,092,767

1,419,444

Foreign currency translation adjustment(13,579)

13,622

Total accumulated other comprehensive income

1,079,188

1,433,067

2,241

1,500

10,687,486

12,457,968

15,103,760

17,061,789

Total liabilities
Net assets
Shareholders’ equity

Accumulated other comprehensive income

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

6

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/22(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(For the Nine-month Period)First nine months of FY3/21(Apr. 1, 2020 – Dec. 31, 2020)(Thousands of yen)First nine months of FY3/22(Apr. 1, 2021 – Dec. 31, 2021)

Net sales

14,534,289

17,569,917

Cost of sales

5,296,744

6,010,860

Gross profit

9,237,544

11,559,057

Selling, general and administrative expenses

7,491,804

8,320,558

Operating profit

1,745,740

3,238,499

1,335

1,177

Non-operating income
Interest income
Dividend income

8,785

8,044

Subsidy income

155,376

7,759

Other

12,87824,357

Total non-operating income

178,376

41,338

3,663

1,728

3,532

1,871

Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Office relocation expenses
Total extraordinary losses
Profit before income taxes
Income taxes-current

66

66

7,262

3,665

1,916,854

3,276,172

1,580

-

1,580

-

227

-

55

782

7,569

-

7,852

782

1,910,582

3,275,390

463,059

941,792

Income taxes-deferred

123,601

51,403

Total income taxes

586,661

993,195

1,323,920

2,282,194

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

7(2,834)(1,834)

1,326,755

2,284,028

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

Quarterly Consolidated Statement of Comprehensive Income(For the Nine-month Period)First nine months of FY3/21(Apr. 1, 2020 – Dec. 31, 2020)(Thousands of yen)First nine months of FY3/22(Apr. 1, 2021 – Dec. 31, 2021)

1,323,920

2,282,194

326,121326,676(17,147)

27,957

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

8

308,974354,634

1,632,895

2,636,829

1,634,873

2,637,907(1,978)(1,078)QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/22(3) Notes to Quarterly Consolidated Financial Statements
Segment Information
I. First nine months of FY3/21 (Apr. 1, 2020 – Dec. 31, 2020)
1. Information pertaining to net sales and profit/loss in reportable segments and disaggregated revenue
Reportable Segment
Human
Resources
Services
Business

Information
IT &Overseas
Recruiting
Publishing Internet-Related BusinessBusiness
Business
Business(Note 3)

Total

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

Net sales
Revenue fromcontracts with 10,136,524 1,459,976
1,368,109
995,286
574,391 14,534,289
14,534,289
customers
Other revenue
Sales toexternal
10,136,524 1,459,976
1,368,109
995,286
574,391 14,534,289
14,534,289
customers
Inter-segment
sales and
3,857
8,107
5,846
61,295668
79,775 (79,775)
transfers
Total
10,140,382 1,468,084 1,373,956
1,056,581
575,060 14,614,064 (79,775)
14,534,289
Segment
2,125,649(14,826)
54,607
239,007(68,883)
2,335,555 (589,815)
1,745,740
profit (loss)
Notes: 1. The (589,815) thousand yen adjustment to segment profit (loss) includes elimination for inter-segment transactionsof 84,254 thousand yen, and (674,069) thousand yen in company-wide costs that cannot be allocated to any specificreportable segments. Company-wide costs consist primarily of expenses related to the administration division which
are not attributable to any reportable segments, including general affairs and accounting at the Company.
2. Segment profit (loss) is adjusted with operating profit shown on the quarterly consolidated statement of income.
3. Countries and regions included in the Overseas Business are Japan, U.S. China, Mexico, U.K., Vietnam andThailand.
2. Information pertaining to impairment losses of non-current assets, goodwill, etc. in reportable segments
Not applicable.
II. First nine months of FY3/22 (Apr. 1, 2021 – Dec. 31, 2021)
1. Information pertaining to net sales and profit/loss in reportable segments and disaggregated revenue
Reportable Segment
Human
Resources
Services
Business

Information
IT &Overseas
Recruiting
Publishing Internet-Related BusinessBusiness
Business
Business(Note 3)

Total

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

Net sales
Revenue fromcontracts with 12,218,172 1,900,166 1,581,855
1,182,149
687,573
17,569,917- 17,569,917
customers
Other revenue
Sales toexternal
12,218,172 1,900,166 1,581,855
1,182,149
687,573
17,569,917- 17,569,917
customers
Inter-segment
sales and
208
10,1295,302
70,53386,173 (86,173)
transfers
Total
12,218,380 1,910,296 1,587,157
1,252,682
687,573 17,656,091 (86,173)
17,569,917
Segment
2,897,977
287,397
177,760
435,791
24,2083,823,135 (584,636)
3,238,499
profitNotes: 1. The (584,636) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
96,802 thousand yen, and (681,439) thousand yen in company-wide costs that cannot be allocated to any specificreportable segments. Company-wide costs consist primarily of expenses related to the administration division which
are not attributable to any reportable segments, including general affairs and accounting at the Company.
2. Segment profit is adjusted with operating profit shown on the quarterly consolidated statement of income.
3. Countries and regions included in the Overseas Business are Japan, U.S. China, Mexico, U.K., Vietnam andThailand.

9

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

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

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

10