Summary of Consolidated Financial Results for the Third Quarterof the Fiscal Year Ending March 31, 2023
(Nine Months Ended December 31, 2022)[Japanese GAAP]
January 31, 2023

Company name: QUICK CO., LTD.
Listing: Tokyo Stock Exchange, Prime Market
Stock code:
4318
URL: https://919.jp/
Representative: Tsutomu Wano, Chairman
Contact:
Kenta Kijima, Director and Executive Officer,
General Manager of Administration and Accounting Division
Tel: +81-6-6366-0919
Scheduled date of filing of Quarterly Report:
February 10, 2023
Scheduled date of payment of dividend:–
None
Preparation of supplementary materials for quarterly financial results:
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, 2023
(April 1, 2022 – December 31, 2022)(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
21,052 19.8
4,206 29.9
4,254 29.9
3,018
Nine months ended Dec. 31, 2022
17,569 20.9
3,238 85.5
3,276 70.9
2,284Nine months ended Dec. 31, 2021
Note: Comprehensive income (millions of yen)
Nine months ended Dec. 31, 2022:
2,829 (up 7.3%)
Nine months ended Dec. 31, 2021:
2,636 (up 61.5%)
Net income per share
Diluted net income per share

Nine months ended Dec. 31, 2022
Nine months ended Dec. 31, 2021

Yen

Yen

160.06121.25

–
–

%

32.2
72.2

(2) Consolidated financial position
Total assets
Net assets
Shareholders’ equity ratio Net assets per share
Millions of yen
Millions of yen%
Yen
As of Dec. 31, 2022
19,237
13,95372.5
738.70
As of Mar. 31, 2022
18,002
12,09867.2
642.21
Reference: Shareholders’ equity (millions of yen)
As of Dec. 31, 2022:
13,951
As of Mar. 31, 2022: 12,097

2. Dividends
1Q-end2Q-endYen

Fiscal year ended Mar. 31, 2022–
Fiscal year ending Mar. 31, 2023–
Fiscal year ending Mar. 31, 2023 (forecast)
Note: Revisions to the most recently announced dividend forecast: None

Dividend per share
3Q-endYear-end

Total

Yen

Yen

Yen

Yen

20.00
26.00

–
–

28.00

48.00

38.00

64.00

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 – March 31, 2023)
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%

Yen

Full year
27,300 15.7
4,400
31.5
4,450
Note: Revisions to the most recently announced consolidated earnings forecast: None%

Millions of yen

%

30.0

2,991

33.0

158.53

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scope of
consolidation): Yes
Newly included:– companies (Company name)

Excluded:1 (Kronos 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: 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, 2022:

19,098,576 shares

As of Mar. 31, 2022:

19,098,576 shares

As of Mar. 31, 2022:

261,301 shares

2) Number of treasury shares at the end of the period
As of Dec. 31, 2022:

211,355 shares

3) Average number of shares outstanding during the period
Nine months ended Dec. 31, 2022:

18,860,823 shares

Nine months ended Dec. 31, 2021:

18,837,322 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 the Company 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 refer to page 4 of the attachments “1. Qualitative
Information on Quarterly Consolidated Financial Performance, (3) Explanation of Consolidated Earnings Forecast and Other Forwardlooking Statements.”

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/23

Contents of Attachments

1. Qualitative Information on Quarterly Consolidated Financial Performance ........................................................ 2(1) Explanation of Results of Operations ................................................................................................................. 2(2) Explanation of Financial Position ...................................................................................................................... 4(3) Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements .................................. 4
2. Quarterly Consolidated Financial Statements and Notes ..................................................................................... 5(1) Quarterly Consolidated Balance Sheet ............................................................................................................... 5(2) Quarterly Consolidated Statements of Income and Comprehensive Income ..................................................... 7
Quarterly Consolidated Statements of Income(For the Nine-month Period) ........................................................................................................................... 7
Quarterly Consolidated Statements of Income(For the Nine-month Period) ........................................................................................................................... 8(3) Notes to Quarterly Consolidated Financial Statements ...................................................................................... 9
Segment Information .......................................................................................................................................... 9

1

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/23

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, 2023, the Japanese economy showed signs of moderate
recovery after restrictions on activities had been eased to normalize economic activities and consumer spending. However,
the economic outlook remains uncertain due mainly to the resurgence of COVID-19 at the end of 2022, the prolonged
Ukraine crisis, surging resources and raw material costs, and higher commodity prices because of the weak yen.
Meanwhile, in Japan’s labor market, the seasonally adjusted job openings-to-applicants ratio was 1.35 and the seasonallyadjusted unemployment rate was 2.5% in November 2022, showing a moderate recovery trend.
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 organizational structure in order to improve the productivity.
As a result, we achieved sales and earnings growth, both reaching all-time highs. Net sales increased 19.8% year-on-year
to 21,052 million yen, operating profit increased 29.9% year-on-year to 4,206 million yen, ordinary profit increased 29.9%
year-on-year to 4,254 million yen, and profit attributable to owners of parent increased 32.2% year-on-year to 3,018
million yen.
From the first quarter of the fiscal year ending March 31, 2023, Quick Care Jobs Co., Ltd., which was a non-consolidated
subsidiary in the previous fiscal year, has been included in the scope of consolidation as one of the Human Resources
Service Business due to its increased importance. From the third quarter of the fiscal year ending March 31, 2023, KronosCo., LTD., which belonged to IT and Internet-Related Business, has been excluded from the scope of consolidation as theCompany transferred all of its shares in the company as of October 3, 2022.
Performance of the business segments is described as follows.
(Human Resources Services Business)
1) Personnel Placement
In the personnel placement category, corporate recruiting needs were robust in fields such as the construction, electricalequipment, machinery, and automobile industries. In addition, recruiting needs for nurses still remained high in medical,
nursing-care, and other facilities. Under these circumstances, the personnel placement business for specific fields
targeting construction and pharmaceutical related categories, various types of engineers as well as nurses placement
recorded a large revenue growth while childcare professionals placement business posted steady performance. Those
were the major results of our continued efforts including developing enticing new fields, enhancing promotional activities
to attract registrants, having more meetings with our client companies and registrants who wish to change careers, andproviding swift and extensive support.
2) Temporary Staffing, Temporary-to-Permanent Staffing, and Business Contracting
In the temporary staffing, temporary-to-permanent staffing and business contracting categories, in addition to lastingstrong hiring needs for nurses at medical and welfare sectors, the temporary staffing of nurses was favorable as call centers
continued to show an intensive need for staff, including during the resurgence of COVID-19 at the end of 2022.
Meanwhile, robust demand for the temporary staffing of childcare workers led to an increase in revenue although the
spread of COVID-19 forced some nursery schools to temporarily close and temporary staff to take leave.
Overall, sales of the Human Resources Service Business increased 19.2% year-on-year to 14,559 million yen andoperating profit also increased 24.6% year-on-year to 3,611 million yen.
(Recruiting Business)
In the Recruiting Business, continuously helped by the absence of COVID-19 prevention measures such as restrictions
on activities, corporate hiring needs increased in transportation and logistics sectors as well as restaurant, selling, andservice sectors. The increase was also in anticipation of growing tourism and pent-up demand from foreign tourists

2

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/23

following the implementation of the government’s nationwide travel support program and relaxation of border control
measures, and the busy year-end and New Year holiday season. Additionally, recruitment needs also remained strong insectors including medical and welfare suffering chronic labor shortages. Under such circumstances, our focus “Indeed”
business as well as recruiting advertisements for part-time workers posted a robust growth in revenue while the volumeof recruiting advertisement for full-time employees and temporary workers expanded steadily as well. On the other hand,the new college graduate category posted a slight decrease in revenue due to an intensifying competition with competitors.
In addition, services other than the handling of recruiting advertisement grew. Such services include program development
for internships and company information sessions to recruit new graduates, recruiting staff training, and recruitment
website and other production services. In such a situation, we worked to enhance our sales base by activating recruitment
activities, providing training programs, and enhancing promotional activities.
Overall, sales of the Recruiting Business increased 25.7% year-on-year to 2,387 million yen and operating profit increased
39.1% year-on-year to 399 million yen.
(Information Publishing Business)
In the Information Publishing Business, as for the lifestyle information magazine category, sales promotion sentiment ofour client companies tended to decrease amid the continuously challenging business environment due mainly to theprolonged COVID-19 crisis and soaring material prices. In such a situation, advertisement placements for sales promotion
targeting restaurants and other businesses remained roughly flat, while the handling of housing-related advertisingdeclined. However, a robust job market in the Hokuriku region and Niigata boosted the volume of recruiting advertisement
in all the service areas, almost leveling off the performance of the lifestyle information magazine category as a whole.
Meanwhile, posting services including flyers distributed to households with lifestyle information magazines grew solidly,
especially in the handling of housing and retail-related flyers, as such services enable sales promotions in targeted areas.
Furthermore, in the concierge services we operate under the “cococolor” brand, the career change domain expanded
steadily on the back of continuing strong recruiting needs in manufacturing-related and other jobs. Additionally, thisbusiness category showed a healthy performance in the volume of “Indeed,” the production of websites and others. On
the other hand, personnel expenses increased with the return of profits to employees reflecting the business performance.
Overall, sales of the Information Publishing Business increased 8.0% year-on-year to 1,707 million yen and operating
profit decreased 42.8% year-on-year to 101 million yen.
(IT and Internet-Related Business)
In the IT & Internet-Related Business category, the market for “Nihon no Jinjibu” (Japan’s Human Resources Department)
related service continues to enjoy a strong demand for better business efficiency, labor saving, IT introduction to resolve
issues in the HR domain, human resources recruitment, and services for improving motivation and retention of employees.
Additionally, as the progressive relaxation of COVID-19-related restrictions enhanced needs to attract participants totraining events and seminars related to human resources development and personnel and labor issues, we achieved asubstantial increase in advertising revenues from “Nihon no Jinjibu”—our portal website for personnel and labor relations.
Furthermore, the successful online HR related event, “Nihon no Jinjibu HR Conference 2022-Fall-” held in November
2022 also contributed to a renewal of record high performance of “Nihon no Jinjibu” related services in the first ninemonths of the fiscal year under review.
As for the system development category and the learning field, in October 2022, the Company sold all of its shares in
Kronos Co., LTD., and accordingly, the company’s results are excluded from the consolidated results from the third
quarter of the fiscal year under review.
Overall, sales of the IT and Internet-Related Business increased 17.9% year-on-year to 1,393 million yen and operating
profit also increased 53.8% year-on-year to 670 million yen.
(Overseas Business)
In the U.S., economic activities were returning to normalcy and hiring sentiment was stimulated. Furthermore, inflationled wage increases pushed up placement fees and staffing sales, and our newly opened Dallas office went into full-scale
operation, boosting the performance of the personnel placement and temporary staffing businesses. In Mexico where the3

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/23

economy was recovering, various measures we took, in addition to bolstering sales efforts, were effective, resulting infavorable performance. Specifically, the measures include enhancing corporate explanatory materials of recruiting
companies to help job seekers better understand them, and promoting an acquaintance introduction system to attract moreregistrants.
In the U.K., corporate recruiting demand remained brisk despite the prolonged Ukraine crisis and ongoing inflation,
including high energy prices. In addition to this favorable business environment, inflation led to higher placement feesand staffing sales as in the U.S., and our in-house consultants became more effective in their jobs, boosting theperformance in the personnel placement and temporary staffing businesses.
In China, while restrictions on activities remained in place even after lockdown measures were lifted in Shanghai,companies gradually began to resume sales and recruitment activities. Against the backdrop of this business environment,
the performance showed a recovery trend in both the personnel placement business, and the personnel and labor consulting
business including advisory service and visa application services. In Vietnam, the uncertain outlook for the economy andthe weak yen affected the hiring needs of local Japanese companies, which recovered only at a moderate pace, despiterobust hiring needs seen in some industries such as IT and construction. As a result, the performance remained roughly
on par. In Thailand, an increasing number of tourists helped drive the economic recovery, which gradually improved
corporate recruiting needs. In such a situation, we enhanced our manpower by stepping up recruitment efforts andconcentrated our sales efforts on all fields with higher recruiting needs, among other efforts, achieving an increase inrevenue.
Overall, sales of the Overseas Business increased 45.9% year-on-year to 1,003 million yen and operating profit increased
542.6% year-on-year to 155 million yen.
(2) Explanation of Financial Position
Total assets at the end of the third quarter of the fiscal year under review were 19,237 million yen, which was 1,234
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 investment securities.
Total liabilities were 5,284 million yen, which was 620 million yen less than at the end of the previous fiscal year. Thiswas mainly the result of a decrease in income taxes payable despite an increase in accrued expenses.
Total net assets were 13,953 million yen, which was 1,854 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 of parent.
The shareholders’ equity ratio improved 5.3 percentage points from the end of the previous fiscal year to 72.5%.
(3) Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements
At this point, there are no revisions to the full-year consolidated earnings forecasts for the fiscal year ending March 31,
2023, which were announced in the “Notice of Revisions to the Earnings Forecast and Year-end Dividend Forecast(Dividend Increase)” dated October 31, 2022.
An announcement will be made promptly if the review of impact on the QUICK Group’s business performance requiresa revision to this forecast.

4

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/23

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheet
FY3/22(As of Mar. 31, 2022)(Thousands of yen)
Third quarter of FY3/23(As of Dec. 31, 2022)

AssetsCurrent assets
Cash and deposits

10,509,984

12,066,072

Notes and accounts receivable-trade

2,349,801

2,137,779

Other

349,105

486,586

Allowance for doubtful accounts(2,707)(2,427)

13,206,183

14,688,012

820,299822,321

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

1,971

2,039

Tools, furniture and fixtures, net

123,768

116,391Land

176,789

176,789

Leased assets, net

5,682

3,761

Construction in progress

45,734–

1,174,244

1,121,303

Software851,716

890,887

Software in progress

48,611

95,428Goodwill

6,074

4,672

Total property, plant and equipment
Intangible assets

Other

10,65910,646

Total intangible assets

917,061

1,001,634

Investment securities

1,726,448

1,361,928

Leasehold deposits

711,400

812,531

Deferred tax assets

163,461

198,328

Other

110,875

59,310Investments and other assets

Allowance for doubtful accounts(6,926)(5,858)

Total investments and other assets

2,705,259

2,426,240

4,796,566

4,549,177

18,002,749

19,237,190

Total non-current assets
Total assets

5

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/23(Thousands of yen)
Third quarter of FY3/23(As of Dec. 31, 2022)

FY3/22(As of Mar. 31, 2022)
Liabilities
Current liabilities
520,197

Accounts payable-trade499,403

Short-term borrowings

141,002

141,000

Accounts payable-other

1,237,670

1,150,118

Accrued expenses
Income taxes payable
Accrued consumption taxes
Provision for bonuses
Provision for bonuses for directors (and other officers)
Asset retirement obligations
Other
Total current liabilities

674,565

843,718

1,038,195

704,713489,968

587,643

1,071,547

995,679

73,330––34,085

485,335

208,791

5,731,811

5,165,152

Non-current liabilities
Deferred tax liabilities

61,565

1,960

Asset retirement obligations

105,275

111,905

5,713

5,134

Other
Total non-current liabilities
Total liabilities

172,554

118,999

5,904,366

5,284,151

351,317351,317

Net assets
Shareholders’ equity
Share capital
Capital surplus

391,392

433,071Retained earnings

10,261,028

12,260,451

Treasury shares
Total shareholders’ equity(16,171)(13,350)

10,987,566

13,031,488

1,084,720

828,796

25,147

91,6701,109,867

920,466

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

949

1,083

12,098,383

13,953,038

18,002,749

19,237,190

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/23(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(For the Nine-month Period)

Net salesFirst nine months of FY3/22(Apr. 1, 2021 – Dec. 31, 2021)
17,569,917(Thousands of yen)First nine months of FY3/23(Apr. 1, 2022 – Dec. 31, 2022)
21,052,693

Cost of sales

6,010,860

6,763,350

Gross profit

11,559,057

14,289,342

Selling, general and administrative expenses

8,320,558

10,083,284

Operating profit

3,238,499

4,206,058

Non-operating income
Interest income

1,177

1,462

Dividend income

8,044

8,453

–

24,428

Other

32,11644,660Total non-operating income

41,33879,005

Foreign exchange gains

Non-operating expenses
Interest expenses

1,728

1,148

1,871

–

–

25,000Information security expenses

–

4,144

Other

66

199

Foreign exchange losses
Commission expenses

Total non-operating expenses
Ordinary profit

3,665

30,493

3,276,172

4,254,571

Extraordinary income
Gain on sale of non-current assets–

122

Gain on sale of shares of subsidiaries and associates–

171,296

Total extraordinary income–

171,418782–

Extraordinary losses
Loss on retirement of non-current assets
Impairment losses–

24,986

Loss on store closings–

25,750Total extraordinary losses
Profit before income taxes
Income taxes-current

782

50,7373,275,390

4,375,253

941,792

1,352,516

Income taxes-deferred

51,403

4,169

Total income taxes

993,195

1,356,685

2,282,194

3,018,567

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

7(1,834)(273)

2,284,028

3,018,841

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/23

Quarterly Consolidated Statement of Comprehensive Income(For the Nine-month Period)First nine months of FY3/22(Apr. 1, 2021 – Dec. 31, 2021)
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income(Thousands of yen)First nine months of FY3/23(Apr. 1, 2022 – Dec. 31, 2022)

2,282,194

3,018,567

326,676(255,924)

27,957

66,699354,634(189,224)

Comprehensive income

2,636,829

2,829,342

Comprehensive income attributable to:
Owners of parent

2,637,907

2,829,439(1,078)(97)

Non-controlling interests

8

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/23(3) Notes to Quarterly Consolidated Financial Statements
Segment Information
I. 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

Recruiting
Business

Information
IT & InternetPublishing
Related BusinessBusiness

Overseas
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
70,533–86,173(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 profit
2,897,977
287,397
177,760
435,791
24,2083,823,135 (584,636)
3,238,499
Notes: 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 specific reportablesegments. 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 and Thailand.
2. Information pertaining to impairment losses of non-current assets, goodwill, etc. in reportable segments

Not applicable.

9

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/23

II. First nine months of FY3/23 (Apr. 1, 2022 – Dec. 31, 2022)
1. Information pertaining to net sales and profit/loss in reportable segments and disaggregated revenue(Thousands of yen)Amount in thequarterly
Adjustment consolidated(Note 1) statement ofincome(Note 2)

Reportable Segment
Human
Resources
Services
Business

Recruiting
Business

Information
Publishing
Business

Overseas
IT & InternetBusiness
Related Business(Note 3)

14,559,568

2,387,946

1,707,765

1,393,990 1,003,423

–

–

–

14,559,568

2,387,946

1,707,765

4,034

22,611

6,771

Total

14,563,602

2,410,557

1,714,536

Segment profit

3,611,271

399,713

101,641

Net sales
Revenue fromcontracts withcustomers
Other revenue
Sales toexternalcustomers
Inter-segment
sales andtransfers

Total

21,052,693–

21,052,693

–

–

–

–

1,393,990 1,003,423

21,052,693–

21,052,693

2,966

84,116(84,116)–

1,441,723 1,006,389

21,136,810(84,116)

21,052,693

4,938,304(732,245)

4,206,058–

47,732

670,115

155,562

Notes: 1. The (732,245) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of 103,623
thousand yen, and (835,868) thousand yen in company-wide costs that cannot be allocated to any specific reportablesegments. 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 and Thailand.

2. Information pertaining to impairment losses of non-current assets, goodwill, etc. in reportable segments(Significant impairment losses on non-current assets)
The “Information Publishing Business” segment reported an impairment loss of 24,986 thousand yen for the firstnine months of the fiscal year under review.

10