Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2016
[Japanese GAAP]
April 28, 2016

Listing: First Section, Tokyo Stock Exchange
Company name: QUICK CO., LTD.
Stock code:
4318
URL: http://919.jp/
Representative: Tsutomu Wano, President and Representative Director
Contact:
Yasuhiko Hirata, Director, Executive Officer, General Manager of Administration and Accounting Division
Tel: +81-6-6366-0919
Scheduled date of Annual General Meeting of Shareholders:June 22, 2016
Scheduled date of filing of Annual Securities Report:
June 22, 2016
Scheduled date of payment of dividend:
June 23, 2016
Preparation of supplementary materials for financial results:
Yes
Holding of financial results meeting:Yes(All amounts are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2016 (April 1, 2015 – March 31, 2016)(1) Consolidated results of operations(Percentages shown for net sales and incomes represent year-on-year changes.)
Net sales

Operating income

Million yen%

Million yen

Profit attributable toowners of parent

Ordinary income%

Million yen%

Fiscal year ended Mar. 31, 2016
12,498
10.8
1,687
22.0
1,737
17.1
Fiscal year ended Mar. 31, 2015
11,279
10.6
1,383
33.8
1,483
37.6
Note: Comprehensive income (million yen)
Fiscal year ended Mar. 31, 2016:1,156 (down 4.5%)
Fiscal year ended Mar. 31, 2015:1,210 (up 73.4%)%

Million yen

1,170
988

18.4
48.5

Ordinary income Operating income
Net income per
Diluted net
Return on equity
to total assets
to net sales
share
income per share
Yen
Yen
%
%
%
Fiscal year ended Mar. 31, 2016
62.30
27.0
24.6
13.5
Fiscal year ended Mar. 31, 2015
52.61
27.9
24.7
12.3
Reference: Equity in earnings of affiliates (million yen): Fiscal year ended Mar. 31, 2016: - Fiscal year ended Mar. 31, 2015: -(2) Consolidated financial position
Total assets

Net assets

Million yen

Shareholders’ equity ratio Net assets per share

Million yen

As of Mar. 31, 2016
7,331
As of Mar. 31, 2015
6,785
Reference: Shareholders’ equity (million yen) As of Mar. 31, 2016:

4,708
3,977
4,708

%

Yen

64.2
58.4
As of Mar. 31, 2015:

250.64211.093,965(3) Consolidated cash flows
Cash flows fromoperating activities
Million yen
954
1,242

Fiscal year ended Mar. 31, 2016
Fiscal year ended Mar. 31, 2015

Cash flows frominvesting activities
Million yen
(221)
(64)

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Million yen
Million yen
(452)
3,400
(466)
3,121

2. Dividends
Dividend per share
1Q-end2Q-endYen

Yen

3Q-end Year-end
Yen

Total

Yen

Total
Payout ratio
dividends (consolidated)

Dividends to
net assets(consolidated)

Yen

Million yen%%

Fiscal year ended Mar. 31, 2015
12.00
9.00
21.00
Fiscal year ended Mar. 31, 2016
13.00
12.00
25.00
Fiscal year ending Mar. 31, 2017
14.00
13.00
27.00
(forecast)
Note: Breakdown of 2Q-end dividends for the fiscal year ended Mar. 31, 2015:
Ordinary dividends: 7.00 yen; Commemorative dividends: 5.00 yen

394
469

39.9
40.1

11.1
10.8

41.0

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2017 (April 1, 2016 – March 31, 2017)
Net salesFirst half
Full year

Operating income

Ordinary income(Percentages represent year-on-year changes.)
Profit attributable to
Net income perowners of parent
shareMillion yen%

Million yen%

Million yen%

Million yen

%

Yen

6,915
13,600

10.2
8.8

1,306
1,770

2.4
4.9

1,338
1,820

2.6
4.8

899
1,238

4.6
5.8

47.85
65.89

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes inscope of consolidation): None
(2) 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

(3) Number of shares outstanding (common shares)
1) Number of shares outstanding at the end of the period (including treasury shares)
As of Mar. 31, 2016:

19,098,576 shares

As of Mar. 31, 2015:

19,098,576 shares

As of Mar. 31, 2015:

310,980 shares

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

310,980 shares

3) Average number of shares outstanding during the period
Fiscal year ended Mar. 31, 2016: 18,787,596 sharesFiscal year ended Mar. 31 2015:

18,787,596 shares

Reference: Summary of Non-consolidated Financial Results
Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2016 (April 1, 2015 – March 31, 2016)(1) Non-consolidated results of operations

Fiscal year ended Mar. 31, 2016
Fiscal year ended Mar. 31, 2015

Fiscal year ended Mar. 31, 2016
Fiscal year ended Mar. 31, 2015

Net sales
Million
%
yen
8,362
15.8
7,224
13.2

(Percentages represent year-on-year changes.)
Operating income

Ordinary income

ProfitMillion yen%

Million yen%

Million yen

%

1,403
1,089

28.8
36.6

1,623
1,360

19.4
41.0

1,123
920

22.1
63.7

Net income per share Diluted net income per share
Yen
Yen
59.80
48.98
-

(2) Non-consolidated financial position
Total assets
Net assets
Million yen
Million yen
As of Mar. 31, 2016
6,324
4,339
As of Mar. 31, 2015
5,777
3,638
Reference: Shareholders’ equity (million yen): As of Mar. 31, 2016:
4,339

Shareholders’ equity ratio
%
68.6
63.0
As of Mar. 31, 2015:

Net assets per share
Yen
230.98193.68
3,638* Indication of audit procedure implementation status
As the current financial report is exempted from audit procedures based on the Financial Instruments and Exchange Act, theaudit procedures for the consolidated financial statements have not been completed at the time of disclosure.
* Explanation of appropriate use of earnings forecasts, and other special items
Forecasts of future performance in these materials are based on assumptions judged to be valid and information available to theCompany’s management at the time the materials were prepared. These materials are not promises by the Company regarding
future performance. Actual results may differ significantly from these forecasts for a number of reasons. For discussion of theassumptions and other factors considered by the Company in preparing the above projections, please refer to page 1 of theattachments “1. Analysis of Results of Operations and Financial Position, (1) Analysis of Results of Operations.”QUICK CO., LTD. (4318) Financial Results for FY3/16

1. Analysis of Results of Operations and Financial Position(1) Analysis of Results of Operations
Summary of the fiscal year
During the fiscal year ended March 31, 2016, initially the Japanese economy maintained a state of moderate recovery,as the yen continued to depreciate, favorable stock market performance prompted an increase in exports, income
improved, and a recovery in consumer confidence was expected. Entering the second quarter, however, deceleration of
the Chinese economy and falling crude oil prices led to global economic stagnation. Furthermore, the yen began toappreciate in foreign exchange markets, and corporate production activity slowed. In addition, consumer activity
languished as the stock market entered an adjustment phase, causing the overall economic to stall.
The overall employment situation in Japan was sluggish for the economy in general, but with human resources
diminishing as a result of the falling birthrate and corporate operating performance relatively firm, levels of corporate
hiring interest remained strong, with companies across a broad range of sectors continuing their efforts to secure
human resources. As a result, the overall unemployment rate (seasonally adjusted) was 3.2% in October 2015, fallingto the lowest level since April 1997. In January 2016, the effective opening-to-application ratio (seasonally adjusted)
was 1.28 times, the highest level since December 1991.
Operating in this environment, the QUICK Group strove to reinforce existing services, cultivate new fields of focus
and leverage the operational knowhow it has accumulated to date. In these ways, the Group worked to differentiate
itself from competitors and enhance customer satisfaction by offering solutions and proposing services to address therecruitment, personnel and management issues client companies face.
As a result, net sales increased 10.8% year-on-year to 12,498 million yen, operating income increased 22.0%
year-on-year to 1,687 million yen, ordinary income increased 17.1% year-on-year to 1,737 million yen and profit
attributable to owners of parent increased 18.4% year-on-year to 1,170 million yen.
Business segment performance (reportable segments and others) was as follows.
(Recruiting Business)
In the Recruiting Business, the handling of recruiting advertisements was favorable, centered on the registration of
temporary staff and soliciting part-time workers. The handling of recruiting advertisements soliciting full-time
employees was also robust. Consequently, the handling of recruiting advertisements was strong across the mid-career
hiring domain.
In the new graduate hiring domain, the handling of new graduate recruiting advertisements targeting university
students scheduled to graduate in March 2017, for which sales began in March 2016, grew increasingly difficult due tomore stringent competition. However, we were able to maintain solid operating performance by working steadily tomeet recruiting advertisement needs targeting university students scheduled to graduate in March 2016, which began in
April 2015.
In addition, we experienced a rise in the handling of recruiting business-related services, such as agency recruiting
operations and aptitude testing, leading to favorable operating performance.
Segment sales increased 15.8% year-on-year to 3,294 million yen and operating income increased 30.7% year-on-year
to 878 million yen.
(Human Resources Services Business)
1) Employment Agency
In employment agency, corporate recruiting needs in construction and civil engineering, manufacturing and othersectors remained vigorous, leading to solid performance targeting general companies. The introduction of nurses tohospitals and nursing care facilities also led to favorable operating performance, given the vigorous recruiting needs ofhealthcare institutions.

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QUICK CO., LTD. (4318) Financial Results for FY3/16

In these sectors and categories with high recruiting needs, competition with other companies to attract registrants
continued. However, we worked conscientiously both with companies and healthcare institutions considering recruiting
and with registrants. Also, we operated the “Kango-roo!” nurse communication site to quickly disseminate answers tonational nursing exams, strengthened our content services on various other sites we operate and stepped up promotions
to attract registrants. In these ways, we strove to differentiate ourselves from competitors and enhance customer
satisfaction.
2) Temporary Staffing, Temporary-to-Permanent Staffing, Business Contracting
In temporary staffing, temporary-to-permanent staffing and business contracting, staff placement to the medical andwelfare sectors was favorable. Also, the part-time staff placement that commenced in the year under review gained
traction. Investing aggressively toward the future, in March 2016 we launched a dedicated website, “Haken de Part.”
With the employment situation improving, however, the number of job seekers looking for full-time employment
increased, making it more difficult to attract registrants seeking temporary assignments. Around the end of the fiscal
year, staff placement in PC setup and other IT-related areas grew sluggish. In addition, business in the home electronics
repair and maintenance category, which surfaced in the preceding fiscal year, was absent this year. Profitability
suffered as a result of these factors.
Segment sales increased 11.1% year-on-year to 6,629 million yen and operating income decreased 0.4% year-on-year
to 1,136 million yen.
(Information Publishing Business)
In the Information Publishing Business, the handling of housing advertisements in mainstay lifestyle information
magazines expanded in all areas. In the Ishikawa area, the handling of shop advertisements and other town
advertisements, and recruiting advertisements was favorable. In the Toyama and Niigata areas, however, the handlingof advertising was sluggish, leading to flat overall performance year on year in lifestyle information magazines.
In information magazines with focused customer and readership targets, we increased the publication frequency of thehome information magazine “Iezukuri Navi,” causing operating performance to increase. Also, “Cococolor iezukuri.”and other concierge (face-to-face consultation) services were favorable. However, door-to-door distribution of insert
flyers floundered, as client companies pulled away from these activities.
In this environment, we published and worked proactively to entrench new media. In March 2016, we published for the
first time a home casebook called “Tateta” as a separate issue of “Iezukiri Navi” for people in the Ishikawa area whoare beginning to think about building homes. We also published our fourth edition of “Lunch Fan!,” a dining guide thathas been well received among readers and restaurants alike.
Segment sales increased 0.7% year-on-year to 1,668 million yen and operating income increased 21.0% year-on-year to
44 million yen.
(Other Businesses)
1) Internet-Related Business
In Internet-Related Business, promotional needs remained vigorous for companies involved in corporate personnel
recruiting and cultivation, and personnel services to provide welfare and other support. The success of special featuresand expanded orders at fiscal year-end led to steady increases in advertising revenues for “Nihon no Jinjibu (Japan’s
Human Resources Department),” a total information site pertaining to personnel and labor.
Against this backdrop, the Nihon no Jinjibu “HR Conference” has become a major spring and autumn HR event. In the
fourth quarter, we held the Nihon no Jinjibu “Professional Network” New Year’s event, which was attended by around
200 managers in the human resources services sector. Through activities such as these, we worked to foster interaction
and friendship among the human resources service sector, provide opportunities to build networks and further instillthe “Nihon no Jinjibu” brand.

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QUICK CO., LTD. (4318) Financial Results for FY3/16

2) Overseas BusinessIn Overseas Business, QUICK USA, Inc., benefited from a steadily improving employment situation, thanks to thegradual expansion of the U.S. economy. As it has also become more difficult for foreigners to obtain working visas,
Japanese companies’ needs to recruit full-time employees have increased, leading to favorable operating performancein employment agency. With corporate recruiting needs for full-time employees growing, however, an increasing
number of job seekers are looking for full-time employment, leading to sluggish performance in temporary staffing.
As one aspect of its measures to prevent trouble with staff, SHANGHAI QUICK CO.,LTD. experienced growing
demand for its corporate personnel and labor consulting services. Amid sales team restructuring, reorganizations atexisting customers and efforts to cultivate new customers, personnel and labor consulting are on a recovery trend. Dueto deceleration in the Chinese economy, however, overall performance fell short of improving. Against this backdrop,
the company gathered and analyzed salary data on some 9,000 Chinese employees of Japanese companies in a salarysurvey report entitled “Salary Survey 2016.” By issuing this regular product and introducing new services such as
salary and compensation analysis, the company worked to achieve a recovery in operating performance.
Segment sales increased 11.9% year-on-year to 906 million yen and operating income increased 88.4% year-on-year to
99 million yen.
Forecasts for the next fiscal year
In the fiscal year ending March 31, 2017, at the moment the Japanese economy is sluggish due to lack of stimulus.
However, the supplementary budget and the latent impact of low crude oil prices are pushing up real household
purchasing power. These factors, plus a bottoming out in corporate earnings, should provide support for the economy.
Nevertheless, the slow pace of recovery in overseas economies, downward pressure on corporate earnings stemmingfrom yen appreciation and ongoing stock price declines, and an increasingly opaque outlook are likely to hold back the
economy. We therefore expect the economic recovery to be weak.
Looking at the employment situation, however, in addition to such structural issues as a decreasing number of
personnel due to a falling birthrate and high levels of corporate earnings—despite low rates of corporate earnings
growth—we believe corporate hiring interest will remain strong and anticipate favorable performance going forward.
Under these circumstances, in the Recruiting Business we plan to focus on the recruiting of staff and development ofyoung personnel, cultivate new customers and strengthen relations with existing customers in order to increase thenumber of companies with which we conduct business. In addition to recruiting advertisements, we will endeavor tostrengthen sales of agency recruiting operations and proposal-oriented products, such as training. By doing so, we will
endeavor to provide one-stop solutions to the recruiting and personnel issues our client companies face, thereby
differentiating ourselves from competitors and enhancing customer satisfaction.
In the Human Resources Services Business, competition is expected to grow increasingly stringent in employment
agency. We will address this situation by reinforcing content on the various sites we operate to attract registrants andrun effective promotions. Through these efforts, we will strengthen operations in existing domains, such as theintroduction of nurses, and endeavor to cultivate new sectors. At the same time, we will aim to elicit the strengths of
new graduate recruits and young consultants early on, focusing on human resources development.
In temporary staffing, temporary-to-permanent staffing and business contracting, we will continue to increase thenumber of registrants in the medical and welfare sectors. With regard to the part-time staff placement that we initiatedin the fiscal year ended March 2016, we will leverage the specialized “Haken de Part” site to attract registrants, step up
our sales efforts and aim to augment operating performance.
In the Information Publishing Business, we will increase the volume of information in existing media and develop
Web-linked services to make our products more attractive. We will also seek to entrench and develop further variationsof new media we have launched in recent years. By strengthening our concierge (face-to-face consultation) services,such as housing, job changes and bridal, we aim to create media and provide services that benefit client companies,
readers and users alike.
In the Internet-Related Business, leveraging the information base of our “Nihon no Jinjibu” site, we will enhance
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QUICK CO., LTD. (4318) Financial Results for FY3/16

content and expand functionality to increase its ability to attract customers. By increasing the scale of the “HR
Conference,” we will strengthen the “Nihon no Jinjibu” brand and take advantage of this infrastructure to strengthen
peripheral services and inaugurate new services. Through these efforts, we will build networks in the human resources
services sector, and promote sales at client companies and support efforts to attract customers.
In Overseas Business, we will strike a strong balance among employment agency and temporary staffing and personnel
and labor consulting. We also aim to establish ourselves as a partner that helps to resolve human resources issues atclient companies.
As a result, we expect consolidated net sales of 13,600 million yen (up 8.8% year-on-year), operating income of 1,770
million yen (up 4.9%), ordinary income of 1,820 million yen (up 4.8%), and profit attributable to owners of parent of
1,238 million yen (up 5.8%) for the fiscal year ending March 31, 2017.
(2) Analysis of Financial Position
1) Assets, liabilities and net assets
Total assets at the end of the fiscal year under review increased 8.0% year-on-year to 7,331 million yen, which was 545
million yen more than at the end of the previous fiscal year. This was mainly the result of increases in cash anddeposits, and notes and accounts receivable-trade.
Total liabilities at the end of the fiscal year under review decreased 6.6% year-on-year to 2,622 million yen, which was
185 million yen less than at the end of the previous fiscal year. This was mainly due to a decrease of accrued
consumption taxes.
Consolidated net assets at the end of the fiscal year under review increased 18.4% year-on-year to 4,708 million yen,which was 731 million yen more than at the end of the previous fiscal year. This was mainly the result of an increase inretained earnings due to the booking of profit attributable to owners of parent.
Consequently, the shareholders’ equity ratio increased 5.8 percentage points from the end of the previous fiscal year to64.2%.
2) Cash flows
Cash and cash equivalents (hereinafter referred to as “net cash”) increased 279 million yen from the end of theprevious fiscal year to 3,400 million yen at the end of the current fiscal year. Outflows included income taxes paid andcash dividends paid, while inflows included profit before income taxes.
Cash flows by category were as follows.
Cash flows from operating activities
Net cash provided by operating activities decreased 23.2% year-on-year to 954 million yen. Negative factors include
income taxes paid of 598 million yen and a decrease of 175 million yen in accrued consumption taxes. Positive factor
includes profit before income taxes of 1,731 million yen.
Cash flows from investing activities
Net cash used in investing activities increased 242.0% year-on-year to 221 million yen. Negative factors include
purchase of non-current assets of 212 million yen, while positive factor includes proceeds from sales of investment
securities of 8 million yen.
Cash flows from financing activities
Net cash used in financing activities decreased 3.0% year-on-year to 452 million yen. Negative factors include cash
dividends paid of 412 million yen and repayments of lease obligations of 15 million yen.

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QUICK CO., LTD. (4318) Financial Results for FY3/16

Reference: Cash flow indicators
FY3/12

FY3/13

FY3/14

FY3/15

FY3/16

Shareholders’ equity ratio (%)

52.5

58.6

60.1

58.4

64.2

Shareholders’ equity ratio based on market value (%)

83.3

117.4

211.2

228.1

226.0

Ratio of interest-bearing debt to cash flows (years)

0.6

1.1

0.4

0.2

0.2

Interest coverage ratio (times)

85.7

50.5

179.3

344.7

316.2

- Shareholders’ equity ratio: Shareholders’ equity / Total assets- Shareholders’ equity ratio based on market value: Market capitalization / Total assets- Ratio of interest-bearing debt to cash flows: Interest-bearing debt / Cash flows- Interest coverage ratio: Cash flows / Interest payments
Notes: 1. All indicators are calculated based on consolidated figures.
2. Market capitalization is calculated by the number of shares outstanding at the end of the period, excluding treasury shares.
3. Cash flows are based on “Net cash provided by (used in) operating activities.”
4. Interest-bearing debt includes all debt on the consolidated balance sheet that incur interest.

(3) Basic Policy for Profit Distribution, and Dividends in the Current and Next Fiscal Years
The Company positions the return of profits to shareholders as a priority management issue, and endeavors to achieve
ongoing increases in corporate value.
With regard to the dividends of surplus, we conduct such distributions based on operating performance, taking into
consideration such factors as strengthening our financial base and future business developments. To further enhance
our return of profits and augment shareholder value, from the year under review we have established a basic policy that
adopts 40% of profit attributable to owners of parent as our target dividend payout ratio.
Based on this dividend policy, for the fiscal year under review we forecast an annual dividend of 25 yen per share,
consisting of a dividend of 13 yen at the end of the second quarter and 12 yen at fiscal year-end.
For the fiscal year ending March 31, 2017, we forecast an annual dividend of 27 yen per share, consisting of a dividendof 14 yen at the end of the second quarter and 13 yen at fiscal year-end.
At present, we do not expect to award quarterly dividends or other dividends other than at the end of the second quarterand fiscal year-end.
(4) Business Risks
Outlined below are the most important matters that the QUICK Group perceives as risk factors affecting its businessdevelopment. Not all of these risks are necessarily applicable from a business standpoint; some have been included toaid investors in their investment decisions and serve as important factors for consideration when seeking to understandthe operations of the QUICK Group. We have provided this information from the perspective of proactive disclosure toinvestors. Recognizing the potential of these risks to materialize, the QUICK Group seeks to prevent them fromoccurring and respond in the event that they do.
Forward-looking statements contained in this text are based on the QUICK Group’s judgment as of March 31, 2016.
1) Market Fluctuations
In its Recruiting Business, Human Resources Services Business and Other Businesses (Internet-Related Business, etc.),
the QUICK Group develops business related to human resources in response to corporate and diverse other humanresources needs. Accordingly, the QUICK Group’s financial condition and operating performance may be affected bychanges in the business climate and employment situation, as well as corporate and other trends in personnel recruiting
activities. Furthermore, over the medium to long term the QUICK Group’s business development, financial conditionand operating performance may be affected by changing attitudes toward employment, increasing diversity inemployment and hiring forms, and other structural changes, as we need to provide services that meet customers’ needs.

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QUICK CO., LTD. (4318) Financial Results for FY3/16

2) Competition
Because of the relatively low barriers to entry in its Recruiting Business, Human Resources Services Business,
Information Publishing Business and Other Businesses (Internet-Related Business, etc.), the QUICK Group issusceptible to competition from venture companies and large enterprises alike. In the event that competition grows
increasingly stringent in these businesses going forward, the QUICK Group’s financial condition and operating
performance could be affected.
3) Business with Recruit Holdings Co., Ltd., in the Recruiting BusinessIn the Recruiting Business, the QUICK Group handles recruiting advertisement spots for Recruit Holdings. Thesetransactions take an agency form (the Company purchases advertising spots and sells them to advertisers) and aconsignment sale form (the Company receives commissions on the sale of recruiting advertisements to advertisers).
These transactional forms are determined by contract for each recruiting advertisement medium.
The recruiting advertisement spots handled by the Recruiting Business are, with certain exceptions, placed in Recruit
Holdings’ recruiting advertisement media. Accordingly, in this business our dependency on Recruit Holdings is high. In
the event that Recruit were to change its sales strategy or sales promotion measures (including changes in agreement
formats), or if the predominance of its recruiting advertisement media were to decline, the QUICK Group’s businessdevelopment, financial condition and operating performance could be affected.
4) Focus on the Nursing Field in Human Resources Services Business (Employment Agency)
The QUICK Group’s Human Resources Services Business (employment agency) focuses on the business of
introducing nurses. Given that healthcare institutions have faced chronic shortages of nurses in recent years, demandfor human resources in the nursing field has remained high, and the Company believes this trend will continue.
However, if the relaxation of regulations in the medical sector alleviates the supply–demand for human resources, the
QUICK Group’s financial condition and operating performance could be affected.
Also, corporate competition for orders and competition to attract job seekers is high in this field, and the competition is
expected to grow even fiercer. The QUICK Group strives to maintain or increase its competitiveness through effective
promotion and detailed consulting. However, if it becomes difficult to differentiate the Company from its competitors,
securing orders and profitability could become problematic, affecting its financial condition and operating
performance.
5) Distribution and Printing Operations in the Information Publishing BusinessIn the Information Publishing Business, consolidated subsidiary Colorful Company, Inc., distributes lifestyle
information magazines to homes door-to-door, but complaints can arise with regard to distribution in areas where thesehomes are located, based on posting methods and times. In some areas, we outsource all distribution of information
magazines. If for some reason it became problematic to continue outsourcing these distribution operations, businessdevelopment and operating performance in this business category could be affected.
In addition, we outsource all printing operations for information magazine media in the Information Publishing
Business. If any sort of trouble were to arise with our outsourcing partner, leading to delays in the date of publicationand distribution, our level of trust among customers and readers could decrease, potentially affecting our businessdevelopment, financial condition and operating performance.
6) Overseas Development
The QUICK Group has subsidiaries in the United States (New York and Los Angeles), China (Shanghai), Vietnam (Ho
Chi Minh City) and Mexico (Aguascalientes) that conduct employment agency, temporary staffing, human resources
development, labor consulting and other activities. Overseas business development is susceptible to such risks as
exchange rate fluctuations, changes in local legislation and regulatory policies, fluctuations in personnel costs, thedangers of terrorism or riots, and economic, social and political risks. Such trends could affect the QUICK Group’s

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QUICK CO., LTD. (4318) Financial Results for FY3/16

business development.
7) Seasonal Fluctuations in Operating Performance
The QUICK Group records sales in its Human Resources Services Business (employment agency) based on the datewhen the job seekers it has introduced begin work at the companies hiring them. As a result, revenues tend to focus onperiods of concentration for joining and leaving companies, changes in postings, and other personnel movements, atthe start of the fiscal year (April). In particular, in recent years employment in the nursing field has tended to be high in
April. As a result, the QUICK Group’s income tends to be concentrated on the first half of the fiscal year, as the tablebelow indicates.
Owing to the above-mentioned future fluctuations in operating performance in the Human Resources Services Business,seasonal fluctuations in the QUICK Group’s consolidated operating performance could continue to follow this trend.
Fiscal year ended March 31, 2015
Net sales(Millions of yen)

Fiscal year ended March 31, 2016

Share
(%)

Ordinary income(Millions of yen)

Share
(%)

Net sales(Millions of yen)

Share
(%)

Ordinary income(Millions of yen)

Share
(%)

First half

5,779

51.2

1,206

81.4

6,274

50.2

1,303

75.1

Second half

5,500

48.8

276

18.6

6,224

49.8

433

24.9

Full year

11,279

100.0

1,483

100.0

12,498

100.0

1,737

100.0

8) Securing and Cultivating Human Resources
To further expand its operations and bolster profitability, the QUICK Group recognizes securing and cultivatingsuperior human resources as an important management issue and is undertaking initiatives in this regard. However, if
the Group’s individual divisions are unable to secure and cultivate human resources as planned or if skilled personnel
were to leave the Group, the QUICK Group’s business activities could be hindered or limited, thereby affecting its
financial condition and operating performance.
9) Legal Restrictions
In the QUICK Group, the Human Resources Services Business’s fee-based job placement, worker dispatch and otheractivities are subject to approval by the Minister of Health, Labour and Welfare. They are also subject to the
Employment Security Act, the Worker Dispatching Act and other related legislation. (These activities are also subject
to similar restrictions overseas.) If the QUICK Group were for any reason to be in conflict with such legal restrictionsin the future, or if new legal restrictions were to be enacted or important changes were to be made, there is a risk that
the QUICK Group’s business activities could be hindered. The Group’s financial condition and operating performance
could be affected as a result.
10) Management of Personal Information
In the Human Resources Services Business, from the perspective of worker protection, the management of personal
information on people seeking to change jobs and people registering for temporary employment is obligatory, andpunitive provisions are in place with regard to information leaks.
The QUICK Group has introduced the Privacy Mark system based on its personal information protection policy withrespect to the personal information of people seeking to change jobs and people registering for temporary employment.
We are also working to reinforce management systems related to website and system security and at our offices. We
therefore believe we have created a management system to a certain extent.
However, if for any reason a leak of personal information were to occur at the Company, the authorities could order theCompany to halt operations or rescind its approvals. Furthermore, claims for damages and a loss of society’s trust
could affect the QUICK Group’s financial condition and operating performance.

7

QUICK CO., LTD. (4318) Financial Results for FY3/16

11) Intellectual Property Rights
In its operation of websites and publication of information magazines, the QUICK Group studies, to the extent possible,
the possibility of infringing on third-party intellectual property rights, and strives to avoid infringing on copyrights,
trademarks and other intellectual property rights. However, if the Group were to inadvertently infringe on third-party
intellectual property rights, it could become liable for claims for damages, which could affect the QUICK Group’sbusiness activities, financial condition and operating performance.
12) Risk of Lawsuits
The QUICK Group bears social responsibility as a listed company. Accordingly, the Group works to enhance its
internal training, enacts and maintains various regulations, and has in place internal management structures andeducational systems. Furthermore, the Group creates and operates thorough internal control systems appropriate to its
state of business development. However, if unexpected trouble should arise with business partners or third parties,
regardless of whether or not defects exist on the part of the QUICK Group or its executives or employees, and a lawsuit
should occur, the QUICK Group’s business activities could be hindered. In addition, claims for damages and the loss ofsociety’s trust could affect its business activities, financial condition and operating performance.
13) Disaster and System Failure
The QUICK Group has operations in Japan dispersed throughout the Tokyo, Nagoya, Osaka, Hokuriku, Niigata andSendai regions, and operates overseas in New York, Los Angeles, Shanghai, Ho Chi Minh City and Aquascalientes.
Consequently, if these regions were affected by a large-scale earthquake, storm and flood damage or other natural
disaster; terrorism; other unforeseen accident; or new infectious disease, the office and human resources in that region
could suffer damage directly. In addition, business partners’ recruiting activities, sales activities and business activities
might be hindered, affecting the QUICK Group’s financial condition and operating performance.
Furthermore, the QUICK Group’s business relies extensively on computer systems and other networks. Consequently,
a broad-based natural disaster or accident, computer virus or hacker infiltration could result in system failure. Such an
event could affect the QUICK Group’s business operations, financial condition and operating performance.

8

QUICK CO., LTD. (4318) Financial Results for FY3/16

2. Corporate GroupThe QUICK Group (the Company and its affiliated companies) consists of QUICK CO., LTD. (the Company), fiveconsolidated subsidiaries and two non-consolidated subsidiaries. Business operations are 1) Recruiting Business, 2)
Human Resources Services Business, 3) Information Publishing Business and 4) Other Businesses (Internet-Related
Business and Overseas Business).
A flowchart of the Group’s business operations is as follows.

QUICK CO., LTD.
(The Company)○ Advertising agency forrecruiting advertisements○ Provision of recruiting
support tools○ Education and training○ Personnel business
contracting

Recruiting Business○ Employment agency

Human Resource
Services Business
Career System Co., Ltd.

iQ Co.,ltd.

QUICK USA, Inc.

○ Publishing regional
information magazines○ Posting regional
information magazines○ Concierge (face-to-faceconsultation) services

Information
Publishing Business(Other Businesses)
Internet-Related
Business○ Operation of the “Nihonno Jinjibu” site
○ Planning and operation of
events related to “Nihonno Jinjibu”○ Web promotion support

Client Companies

Colorful Company, Inc.

(Employment agency)(Temporary staffing,
temporary-to-permanent
staffing and business
contracting)○ Employment agency○ Temporary staffing○ Temporary-to-permanent
staffing○ Business contracting○ Employment agency○ Temporary staffing

Overseas Business

SHANGHAI QUICKCO.,LTD.

Notes○ Personnel andlabor consulting

1. Above five affiliated companies are all consolidated.
2. Two non-consolidated subsidiaries are not shown because the effect on the consolidated results is negligible.

9QUICK CO., LTD. (4318) Financial Results for FY3/16

3. Management Policies(1) Basic Management Policy
Since the time of its establishment, the QUICK Group has provided comprehensive human resources services that linkpeople and companies. Themed on human resources, we develop business that contributes to society. Going forward, we
will continue to grow as a company that “contributes to society through the human resources and information
businesses.”
The QUICK Group conducts business as an advertising agency for recruiting advertisements; provides recruiting support
tools; conducts education and training; engages in personnel business contracting (Recruiting Business), employment
agency, temporary staffing, temporary-to-permanent staffing and business contracting (Human Resources Services
Business); publishes and posts regional information magazines; conducts concierge (face-to-face consultation) services(Information Publishing Business); operates the “Nihon no Jinjibu” site; plans and operates events related to the “Nihonno Jinjibu;” supports Web promotions (Internet-Related Business); and in the United States and China engages in
employment agency, temporary staffing, and personnel and labor consulting (Overseas Business).
Taking advantage of the synergistic effects of these businesses, the Group will strengthen its businesses in order to
respond swiftly to market needs, including those of client companies and job seekers. We will also build up our sales
structure and strive to enhance management efficiencies.
(2) Performance Targets
In addition to expanding the scale of its operations, the QUICK Group’s policy is to build a profit-oriented organizationthat makes effective use of such business assets as its proprietary sales network and expertise in attracting registrants whowish to change employment. To achieve these goals and in order to attain stable growth and build a robust financial
foundation, the Group aims to increase its ordinary income margin and return on equity (ROE).
(3) Medium- and Long-term Management Strategy
The QUICK Group aims to expand its areas of business as a comprehensive human resources services and information
services company.
To this end, we intend to further strengthen our Recruiting Business and Human Resources Services Business. We alsoplan to achieve growth over the medium to long term through expansion in the Information Publishing Business,
Internet-Related Business and Overseas Business.
In each business, we will engage in business model restructuring and new product and service development and sales. We
will strive to build a sales structure to swiftly meet changing market needs and pursue synergies by strengthening
cooperation between businesses.
Furthermore, we will proactively develop our businesses overseas. Through collaboration between our overseas
companies and businesses in Japan, we will develop global human resources services aimed at realizing the concept of the“Sekai no Jinjibu (Human Resources Department for the world).”(4) Issues to Address
In the fiscal year ending March 31, 2017, at the moment the Japanese economy is sluggish due to lack of stimulus.
However, the supplementary budget and the latent impact of low crude oil prices are pushing up real household
purchasing power. These factors, plus a bottoming out in corporate earnings, should provide support for the economy.
Nevertheless, the slow pace of recovery in overseas economies, downward pressure on corporate earnings stemming fromyen appreciation and ongoing stock price declines, and an increasingly opaque outlook are likely to hold back the
economy. We therefore expect the economic recovery to be weak.
Looking at the employment situation, however, in addition to such structural issues as a decreasing number of personnel
due to a falling birthrate and high levels of corporate earnings—despite low rates of corporate earnings growth—webelieve corporate hiring interest will remain strong and anticipate favorable performance going forward.

10

QUICK CO., LTD. (4318) Financial Results for FY3/16

Under these circumstances, based on its management philosophy of “making everyone involved happy” and under its
business philosophy of “contributing to society through the human resources and information businesses,” the QUICKGroup aims to revamp existing businesses and propose new businesses. At the same time, we will continue to invest in
specific fields and by cultivating them become the leader in this market. With regard to developing the global humanresources business, service companies as well as manufacturers are undergoing full-fledged efforts to enter overseas
markets. With Japan being affected by human resources shortages due to a falling birthrate and aging population, which is
expected to remain a major issue, we will proactively develop our business to realize the concept of a “Sekai no Jinjibu”
that helps to address the labor issues companies and countries face.
Furthermore, we will enhance our education and training in order to cultivate the human resources that will make thesebusiness advances possible, thereby bolstering the rate of growth of the QUICK Group.
The issues facing individual businesses are outlined below.
(Recruiting Business)
In the Recruiting Business, client companies’ recruiting needs are expected to remain strong. Under these circumstances,
we will augment customer satisfaction and further expand our scale of business.
By clarifying staff fields of focus and sharing customer information, we will seek to enhance the efficiency of our sales
activities, including by cultivating new customers and following up with existing customers, and we will strive to prevent
missed opportunities and bolster productivity. By sharing information pertaining to methods with high recruiting
effectiveness, we aim to enhance customer satisfaction levels and address the risk of customers leaving due to a decreasein advertising effectiveness. Furthermore, we aim to expand our scale of operations by developing the strengths of young
employees early on and concentrating on hiring new members.
(Human Resources Services Business)
In addition to the construction and civil engineering and pharmaceutical industries, employment agency needs are risingamong a broad range of other manufacturing industries and occupations. In the nurse introduction segment, an effective
opening-to-application ratio of two to three openings per nurse persists. While recruiting needs remain high in this area,in occupations such as these that are characterized by high levels of specialization and technology, competition to attract
registrants is growing increasingly fierce.
To address this situation, we are working to strengthen the appeal and content of the sites we operate, improve theirusability and conduct effective promotions. Through these efforts, we aim to increase the sites’ brand power and attract
registrants. By also focusing on cultivating and developing the skills of young consultants, we will work to augment
productivity and expand business further in existing fields.
In temporary staffing, temporary-to-permanent staffing and business contracting, demand from healthcare facilities in the
medical and welfare sectors remains high for the temporary staffing of nurses, care workers and other personnel. We will
endeavor to address this situation by strengthening promotions to enhance our websites’ ability to attract customers,
thereby securing people registering for temporary employment as nurses and care workers. In part-time staff placement,
an initiative we began during the year under review, we will leverage our specialized “Haken de Part” site to appeal to job
seekers aiming for diverse working styles, attracting people registering for temporary employment.
By reinforcing sales in both fields, we will compensate for the effects that an improving employment situation andamended Worker Dispatching Act are having on the desire of temporary staff to become full-time employees and aim to
improve operating performance.
(Information Publishing Business)
The Information Publishing Business is affected by the market entry of new competitors and increasing price competition.
In response, in addition to leveraging the resources of our existing business to promote business development, we will
strengthen our organization through diverse education and training and by augmenting support systems.
With regard to business development leveraging resources in existing businesses, for free papers centering on lifestyle
11

QUICK CO., LTD. (4318) Financial Results for FY3/16

information magazines we will increase information volumes and enhance Web-linked services in order to raise
advertising impact. With these approaches, we aim to enhance satisfaction among both readers and client companies, aswell as differentiate ourselves from competitors. At the same time, by optimizing page numbers we will work to holddown costs and raise productivity.
(Other Businesses)
1) Internet-Related Business
In Internet-Related Business, we will consolidate and unify surrounding business models based on our information portalsite related to personnel and labor, “Nihon no Jinjibu.” Specifically, by enhancing the number of visitors andeffectiveness of the site, and by increasing the scale of the “HR Conference,” we will strengthen the “Nihon no Jinjibu”
brand and take advantage of this infrastructure to strengthen peripheral services and inaugurate new services. Throughthese efforts, we will build networks in the human resources services sector, and promote sales at client companies andsupport efforts to attract customers.
2) Overseas BusinessIn Overseas Business, projects are numerous for both employment agency and temporary staffing, thanks to the favorable
U.S. economy, but attracting registrants to match these positions is difficult, so client companies’ recruiting needs remain
unmet. To address this situation, we will hold job fairs and seminars to attract registrants, enhance registration sites, step
up initiatives to attract new registrants and strive to increase operating performance.
In China, due to a growing awareness of workers’ rights local companies are experiencing an increase in the number oflabor–management issues, prompting an increased need for personnel and labor consulting services. To address this issue,
alongside efforts to recruit new staff we will strengthen employee education to raise the skill levels of existing staff. We
aim to improve operating performance through this increased responsiveness to customer needs.
4. Basic Approach to the Selection of Accounting Standards
The Group will continue to prepare its consolidated financial statements in accordance with Generally Accepted
Accounting Principles in Japan for the time being to permit comparisons with prior years and with the financial data ofother companies.
We will take suitable actions with regard to the application of International Financial Reporting Standards (IFRS) by
taking into account associated factors in Japan and other countries.

12

QUICK CO., LTD. (4318) Financial Results for FY3/16

5. Consolidated Financial Statements(1) Consolidated Balance Sheet
FY3/15(As of Mar. 31, 2015)(Thousands of yen)
FY3/16(As of Mar. 31, 2016)

AssetsCurrent assets
Cash and deposits

3,151,376

3,430,787

Notes and accounts receivable-trade

1,515,627

1,625,089

Deferred tax assets

160,316

139,289

Other

312,348

301,898

Allowance for doubtful accounts(1,781)(8,592)

5,137,887

5,488,472

922,915

963,286

Accumulated depreciation(572,298)(574,409)

Buildings and structures, net

350,616

388,876

1,433

1,433

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

VehiclesAccumulated depreciation

(143)

(430)

Vehicles, net

1,289

1,003

Tools, furniture and fixtures

98,935

131,362

Accumulated depreciation(76,229)(81,146)

Tools, furniture and fixtures, net

22,70650,215

Land

276,869

276,869

Leased assets

47,04144,063

Accumulated depreciation(36,044)(32,462)

Leased assets, net

10,996

11,600662,479

728,565

Leased assets

37,64327,078

Other

100,472

158,711

Total intangible assets

138,116

185,789

Investment securities

536,075

528,812

Lease deposits

303,159

362,695

Total property, plant and equipment
Intangible assets

Investments and other assets

Deferred tax assets

1,674

920

Other

10,31540,309Allowance for doubtful accounts(4,015)(4,193)

Total investments and other assets
Total non-current assets
Total assets

13847,208

928,544

1,647,804

1,842,899

6,785,692

7,331,371

QUICK CO., LTD. (4318) Financial Results for FY3/16(Thousands of yen)
FY3/16(As of Mar. 31, 2016)

FY3/15(As of Mar. 31, 2015)
Liabilities
Current liabilities
Accounts payable-trade615,033

604,301

Short-term loans payable

192,102

191,402

Current portion of long-term loans payable

11,702-

Accounts payable-other437,699

528,016

Accrued expenses

288,108

309,649

Lease obligations

14,93014,226

Income taxes payable

354,796

311,459

Accrued consumption taxes

307,822

132,549

Provision for bonuses

286,926

242,456

Provision for directors’ bonuses

30,700-

Provision for repayment

17,80015,600Other

81,767

121,4882,639,387

2,471,149

Lease obligations

34,081

24,854

Deferred tax liabilities

102,041

89,829Asset retirement obligations

30,39434,821

Other

2,458

1,863

Total current liabilities
Non-current liabilities

Total non-current liabilities
Total liabilities

168,976

151,368

2,808,364

2,622,518

351,317351,317

Net assets
Shareholders’ equity
Capital stock
Capital surplus

310,717

307,998

Retained earnings

3,068,756

3,825,954

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

Total shareholders’ equity

3,711,815

4,466,294

Valuation difference on available-for-sale securities

240,940

231,507

Foreign currency translation adjustment

13,172

11,051

Total accumulated other comprehensive income

254,112242,558

11,399-3,977,328

4,708,853

6,785,692

7,331,371

Accumulated other comprehensive income

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

14

QUICK CO., LTD. (4318) Financial Results for FY3/16(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statement of Income
FY3/15(Apr. 1, 2014 – Mar. 31, 2015)(Thousands of yen)
FY3/16(Apr. 1, 2015 – Mar. 31, 2016)

Net sales

11,279,612

12,498,855

Cost of sales

4,845,364

5,170,521

Gross profit

6,434,248

7,328,334

Selling, general and administrative expenses

5,050,958

5,640,917

Operating income

1,383,290

1,687,417

1,232

658

Non-operating income
Interest income
Dividend income

5,712

8,298

Sale cooperation fee

31,137

17,338

Fiduciary obligation fee

60,370-Book sales commission

4,973

12,219Other

11,047

14,786

Total non-operating income

114,472

53,301

Interest expenses

3,644

3,032

Commission fee

7,933

-

Other

2,951

554

Non-operating expenses

Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets

14,5283,587

1,483,233

1,737,131

5,100

-

-

7,226

5,100

7,226

Loss on retirement of non-current assets

3,206

13,104

Loss on valuation of investment securities

4,908

-

Total extraordinary losses

8,115

13,104Gain on sales of investment securities
Total extraordinary income
Extraordinary losses

Profit before income taxes

1,480,218

1,731,253

Income taxes-current

517,094539,332

Income taxes-deferred(24,396)

23,766

Total income taxes

492,698

563,098

Profit987,520

1,168,154(942)(2,370)988,462

1,170,524

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

15

QUICK CO., LTD. (4318) Financial Results for FY3/16

Consolidated Statement of Comprehensive Income
FY3/15(Apr. 1, 2014 – Mar. 31, 2015)(Thousands of yen)
FY3/16(Apr. 1, 2015 – Mar. 31, 2016)

987,520

1,168,154

210,258(9,433)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

12,854(2,127)

Total other comprehensive income

223,112(11,561)

1,210,632

1,156,593

Comprehensive income attributable to owners of parent

1,210,409

1,158,970

Comprehensive income attributable to non-controllinginterests

223(2,377)

Comprehensive income
Comprehensive income attributable to16

QUICK CO., LTD. (4318) Financial Results for FY3/16(3) Consolidated Statement of Changes in Equity
FY3/15 (Apr. 1, 2014 – Mar. 31, 2015)(Thousands of yen)
Shareholders’ equity
Capital stock
Balance at beginning ofcurrent period
Changes of items during
period351,317

Capital surplus

Retained earnings

Treasury shares

Total shareholders’equity310,7172,456,046(18,975)

3,099,105

Dividends of surplus
Profit attributable toowners of parent
Net changes of items
other than shareholders’equityTotal changes of items
during period
Balance at end of current
period(375,751)(375,751)

988,462

988,462--

612,710-

612,710351,317

310,717

3,068,756(18,975)

3,711,815(Thousands of yen)
Accumulated other comprehensive income

Balance at beginning ofcurrent period
Changes of items during
periodValuationdifference on
available-for-salesecurities

Foreign currencytranslation
adjustment

Total accumulated
othercomprehensive
income30,682

1,483

32,165

Non-controllinginterests

Total net assets

11,176

3,142,447

Dividends of surplus
Profit attributable toowners of parent
Net changes of items
other than shareholders’equityTotal changes of items
during period
Balance at end of current
period(375,751)
988,462
210,258

11,688221,947

223

222,170

210,258

11,688221,947223

834,880

240,940

13,172

254,112

11,3993,977,328

17

QUICK CO., LTD. (4318) Financial Results for FY3/16

FY3/16 (Apr. 1, 2015 – Mar. 31, 2016)(Thousands of yen)
Shareholders’ equity
Capital stock
Balance at beginning ofcurrent period
Changes of items during
period351,317

Capital surplus

Retained earnings

Treasury shares

Total shareholders’equity310,717

3,068,756(18,975)

3,711,815

Dividends of surplus
Profit attributable toowners of parent
Change in treasury sharesof parent arising fromtransactions with
non-controllingshareholders
Net changes of items
other than shareholders’equityTotal changes of items
during period
Balance at end of current
period(413,327)(413,327)

1,170,524

1,170,524(2,718)(2,718)-(2,718)757,197-

754,479

351,317

307,998

3,825,954(18,975)

4,466,294(Thousands of yen)
Accumulated other comprehensive income

Balance at beginning ofcurrent period
Changes of items during
periodValuationdifference on
available-for-salesecurities

Foreign currencytranslation
adjustment

Total accumulated
othercomprehensive
income240,940

13,172

254,112

Non-controllinginterests

Total net assets

11,3993,977,328

Dividends of surplus
Profit attributable toowners of parent
Change in treasury sharesof parent arising fromtransactions with
non-controllingshareholders
Net changes of items
other than shareholders’equityTotal changes of items
during period
Balance at end of current
period(413,327)
1,170,524(2,718)(9,433)(2,120)(11,554)(11,399)(22,953)(9,433)(2,120)(11,554)(11,399)

731,525

231,507

11,051

242,558-

4,708,853

18

QUICK CO., LTD. (4318) Financial Results for FY3/16(4) Consolidated Statement of Cash Flows(Thousands of yen)
FY3/15
FY3/16(Apr. 1, 2014 – Mar. 31, 2015) (Apr. 1, 2015 – Mar. 31, 2016)
Cash flows from operating activities
Profit before income taxes

1,480,218

1,731,253

Depreciation

94,553102,302

Increase (decrease) in allowance for doubtful accounts(2,205)

6,989

Increase (decrease) in provision for bonuses

12,857(44,469)

Increase (decrease) in provision for directors’ bonuses

5,400(30,700)

500(2,200)Interest and dividend income(6,944)(8,956)

Interest expenses

3,644

3,032

Loss (gain) on sales of non-current assets(5,100)-Loss on retirement of non-current assets

3,206

13,104

Increase (decrease) in provision for repayment

Loss (gain) on sales of investment securities-(7,226)

4,908-

Decrease (increase) in notes and accounts receivable-trade(371,182)(72,188)

Increase (decrease) in notes and accounts payable-trade

303,354

4,763

Loss (gain) on valuation of investment securities

Decrease (increase) in lease and guarantee deposits(4,768)(59,656)

Increase (decrease) in accrued consumption taxes

217,111(175,273)

Other, net(64,421)86,431

Subtotal

1,671,133

1,547,207

7,038

8,956

Interest and dividend income received
Interest expenses paid

(3,606)(3,019)

Income taxes paid

(431,619)(598,420)

Net cash provided by (used in) operating activities

1,242,946

954,724(47,347)(115,763)

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment

29,199-Purchase of intangible assets(44,837)(96,303)

Purchase of investment securities(4,971)(17,402)-

8,226

Proceeds from sales of investment securities
Payments of loans receivable(20,000)-

Collection of loans receivable

23,260-Net cash provided by (used in) investing activities(64,696)(221,242)

Net increase (decrease) in short-term loans payable(49,798)(700)

Repayments of long-term loans payable(19,992)(11,702)

Repayments of lease obligations(22,425)(15,487)

Cash dividends paid
Payments from changes in ownership interests in subsidiaries
that do not result in change in scope of consolidation(373,991)(412,637)-(11,741)

Net cash provided by (used in) financing activities(466,206)(452,267)

7,904(1,803)

Net increase (decrease) in cash and cash equivalents

719,948

279,410

Cash and cash equivalents at beginning of period

2,401,428

3,121,376

Cash and cash equivalents at end of period

3,121,376

3,400,787

Cash flows from financing activities

Effect of exchange rate change on cash and cash equivalents

19

QUICK CO., LTD. (4318) Financial Results for FY3/16

Segment Information
1. Outline of reportable segments
The reportable segments of the QUICK Group are components for which discrete financial information is available andwhose operating results are regularly reviewed by the Board of Directors to make decisions about resource allocationand to assess performance.
The QUICK Group engages in a diverse range of businesses, including providing services related to recruiting
advertisement, employment agency and temporary staffing, and publishing regional information magazines. The
Company and its consolidated subsidiaries (hereinafter “business operation companies”) are independent management
units that independently draft comprehensive business strategies and develop business activities for each business.
Accordingly, the QUICK Group is composed of business-specific segments based on the Company’s business operating
structure and business operation companies. The Group has three reportable segments: Recruiting Business, Human
Resources Services Business and Information Publishing Business. Businesses not included in these reportable segments
are categorized as Other Businesses.
Main activities of the Recruiting Business include an advertising agency business for recruiting advertisements, provisionof recruiting support tools, education and training, and personnel business contracting. Main activities of the Human
Resources Services Business include employment agency, temporary staffing, temporary-to-permanent staffing andbusiness contracting. Main activities of the Information Publishing Business include publication and posting of regional
information magazines, and concierge (face-to-face consultation) services. The Other Businesses operates the “Nihon no
Jinjibu” site, plans and operates events related to the “Nihon no Jinjibu,” supports Web promotions (Internet-Related
Business) and engages in employment agency, temporary staffing, and personnel and labor consulting in the UnitedStates and China (Overseas Business).
2. Calculation method of net sales, profit/loss, assets, liabilities and other items in each reportable segment
Profits for reportable segments are generally operating income.
Inter-segment sales and transfers are based on market prices.

20

QUICK CO., LTD. (4318) Financial Results for FY3/16

3. Information pertaining to net sales, profit/loss, assets, liabilities and other items in reportable segments
FY3/15 (Apr. 1, 2014 – Mar. 31, 2015)(Thousands of yen)

Reportable Segment
Adjustment(Note 2)

Amount in the
consolidated
financialstatements(Note 3)

11,279,612-

11,279,612

48,947

67,974(67,974)-

858,859

11,347,587(67,974)

11,279,612

1,850,413

52,723

1,903,137(519,847)

1,383,290

5,006,920

513,826

5,520,746

1,264,946

6,785,692

18,28949,682

7,477

57,16037,393

94,5539,330

61,747

7,177

68,92523,25992,184

Recruiting
Business

Human
Resources
Services
Business

Information
Publishing
Business

2,844,756

5,967,616

2,073

Subtotal

Other(Note 1)Total

1,657,326

10,469,700

809,912-

16,95319,026

2,846,830

5,967,616

1,674,279

10,488,727

Segment profit

672,393

1,141,539

36,480

Segment assets

1,688,278

2,390,759

927,882

3,063

28,32918,32434,092

Net sales
Sales to externalcustomers
Inter-segment
sales andtransfers
Total

Other items
Depreciation
Increase inproperty, plantand equipment
and intangible
assets

Notes: 1. Others represent the businesses which are not included in any of the reportable segments and mainly consist ofInternet-Related Business and Overseas Business.
2. Contents of adjustments are as follows.
(1) The (519,847) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
127,454 thousand yen, and (647,301) 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,
including general affairs and accounting at the Company.
(2) The 1,264,946 thousand yen adjustment to segment assets includes elimination for inter-segment transactions of(146,012) thousand yen, and 1,410,959 thousand yen in company-wide assets that cannot be allocated to any specificreportable segments. Company-wide assets consist primarily of Company’s excess funds (cash and deposits),
long-term investments (investment securities), and assets which belong to the administration division.
(3) The 37,393 thousand yen adjustment to depreciation is the sum of assets which belong to the administration divisionthat cannot be allocated to reportable segments.
(4) The 23,259 thousand yen adjustment to increase in property, plant and equipment and intangible assets is the sum ofassets which belong to the administration division that cannot be allocated to reportable segments.
3. Segment profit is adjusted with operating income shown on the consolidated statement of income.

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QUICK CO., LTD. (4318) Financial Results for FY3/16

FY3/16 (Apr. 1, 2015 – Mar. 31, 2016)(Thousands of yen)

Reportable Segment
Adjustment(Note 2)

Amount in the
consolidated
financialstatements(Note 3)

12,498,855-

12,498,855

71,71887,417(87,417)-

11,607,876

978,396

12,586,273(87,417)

12,498,855

44,136

2,059,109

99,323

2,158,433(471,015)

1,687,417

2,773,360

927,583

5,566,265

611,710

6,177,975

1,153,396

7,331,371

3,050

40,274

18,347

61,671

7,653

69,32432,978102,302

5,857

186,514

12,991

205,362

4,376

209,7382,328

212,066

Recruiting
Business

Human
Resources
Services
Business

Information
Publishing
Business

3,294,169

6,629,362

3,272

Subtotal

Other(Note 1)Total

1,668,645

11,592,177

906,678-

12,425

15,6983,297,442

6,629,362

1,681,071

Segment profit

878,561

1,136,411

Segment assets

1,865,321

Net sales
Sales to externalcustomers
Inter-segment
sales andtransfers
Total

Other items
Depreciation
Increase inproperty, plantand equipment
and intangible
assets

Notes: 1. Others represent the businesses which are not included in any of the reportable segments and mainly consist ofInternet-Related Business and Overseas Business.
2. Contents of adjustments are as follows.
(1) The (471,015) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
135,037 thousand yen, and (606,053) 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,
including general affairs and accounting at the Company.
(2) The 1,153,396 thousand yen adjustment to segment assets includes elimination for inter-segment transactions of(165,395) thousand yen, and 1,318,791 thousand yen in company-wide assets that cannot be allocated to any specificreportable segments. Company-wide assets consist primarily of Company’s excess funds (cash and deposits),
long-term investments (investment securities), and assets which belong to the administration division.
(3) The 32,978 thousand yen adjustment to depreciation is the sum of assets which belong to the administration divisionthat cannot be allocated to reportable segments.
(4) The 2,328 thousand yen adjustment to increase in property, plant and equipment and intangible assets is the sum ofassets which belong to the administration division that cannot be allocated to reportable segments.
3. Segment profit is adjusted with operating income shown on the consolidated statement of income.

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

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