Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2021
[Japanese GAAP]
April 28, 2021

Company name: QUICK CO., LTD.

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

Stock code:
4318
Representative: Tsutomu Wano, Chairman
Contact:
Kenta Kijima, Senior Executive Officer,
General Manager of Administration and Accounting Division
Tel: +81-6-6366-0919
Scheduled date of Annual General Meeting of Shareholders:June 22, 2021
Scheduled date of filing of Annual Securities Report:
June 22, 2021
Scheduled date of payment of dividend:
June 23, 2021
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, 2021 (April 1, 2020 – March 31, 2021)(1) Consolidated results of operations(Percentages represent year-on-year changes.)
Net sales

Operating profit

Millions of yen% Millions of yen

Profit attributable toowners of parent

Ordinary profit% Millions of yen

Fiscal year ended Mar. 31, 2021
20,089 (4.5)
1,867 (36.3)
Fiscal year ended Mar. 31, 2020
21,035
9.7
2,930
13.5
Note: Comprehensive income (millions of yen) Fiscal year ended Mar. 31, 2021:
Fiscal year ended Mar. 31, 2020:% Millions of yen

2,124 (29.4)
3,009
6.8
2,003 (up 2.6%)
1,952 (down 3.6%)

1,464
2,074

%

(29.4)
5.5

Net income per
Diluted net
Ordinary profit to Operating profit
Return on equity
share
income per sharetotal assets
to net sales
%
%
%
Yen
Yen
Fiscal year ended Mar. 31, 2021
77.73
14.5
14.8
9.3
Fiscal year ended Mar. 31, 2020
110.05
23.3
23.0
13.9
Reference: Equity in earnings of affiliates (millions of yen): Fiscal year ended Mar. 31, 202 1: - Fiscal year ended Mar. 31, 2020: -(2) Consolidated financial position
Total assets

Shareholders’ equity ratio

Net assets

Millions of yen

Millions of yen

Net assets per share%

As of Mar. 31, 2021
15,103
10,694As of Mar. 31, 2020
13,5589,464
Reference: Shareholders’ equity (millions of yen)
As of Mar. 31, 2021: 10,692

Yen

70.8
69.8
As of Mar. 31, 2020: 9,459

567.62502.19(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

1,843
2,463

(471)
(392)

(677)
(990)

8,097
7,415

Fiscal year ended Mar. 31, 2021
Fiscal year ended Mar. 31, 2020

2. Dividends
Dividend per share
1Q-end 2Q-end 3Q-end Year-end
Fiscal year ended Mar. 31, 2020
Fiscal year ending Mar. 31, 2021
Fiscal year ending Mar. 31, 2022
(forecasts)

Total

Yen

Yen

Yen

Yen

-

22.00
18.00

-

23.00
26.00

45.00
44.00

-

20.00

-

20.00

40.00

Total
dividends

Payout ratio(consolidated)

Yen Millions of yen

848
829

Dividends to
net assets(consolidated)

%

%

40.9
56.6

9.5
8.2

44.2

Breakdown of 2Q-end dividend for the fiscal year ended Mar. 31, 2021: Ordinary dividend: 12.00 yen; Commemorative
dividend: 6.00 yen
Breakdown of year-end dividend for the fiscal year ended Mar. 31, 2021: Ordinary dividend: 20.00 yen; Commemorative
dividend: 6.00 yen

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

Operating profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

11,457
21,400

8.6
6.5

2,287
2,486

20.0
33.1

2,294
2,500

12.9
17.7

1,584
1,706

11.3
16.5

84.09
90.56

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

(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, 2021:

19,098,576 shares

As of Mar. 31, 2020:

19,098,576 shares

As of Mar. 31, 2020:

261,173 shares

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

261,173 shares

3) Average number of shares outstanding during the period
Fiscal year ended Mar. 31, 2021:

18,837,403 sharesFiscal year ended Mar. 31, 2020:

18,847,403 shares

Reference: Summary of Non-consolidated Financial Results
Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 – March 31, 2021)(1) Non-consolidated results of operations(Percentages represent year-on-year changes.)
Net sales

Operating profit

Millions of yen% Millions of yen

Fiscal year ended Mar. 31, 2021
Fiscal year ended Mar. 31, 2020

12,92913,760(6.0)
9.2

Fiscal year ended Mar. 31, 2021
Fiscal year ended Mar. 31, 2020

Net income per share
Yen
68.23
97.46

1,352
2,246

Ordinary profit% Millions of yen(39.8)
14.9

1,795
2,680

Profit% Millions of yen(33.0)
19.0

1,286
1,837

%

(30.0)
12.5

Diluted net income per share
Yen-(2) Non-consolidated financial position
Total assets
Millions of yen

Net assets

Shareholders’ equity ratio Net assets per share

Millions of yen

As of Mar. 31, 2021
12,2339,458
As of Mar. 31, 2020
11,074
8,389
Reference: Shareholders’ equity (millions of yen):
As of Mar. 31, 2021:

%

9,458

77.3
75.7
As of Mar. 31, 2020:

Yen

501.55444.87
8,389* The current financial report is not subject to audits by certified public accountants or accounting firms.
* Explanation of appropriate use of earnings forecasts, and other special items
Cautionary statement with respect to forward-looking statements
Forecasts and forward-looking statements in these materials are based on assumptions judged to be valid and information
available to the Company’s management at the time the materials were prepared. These materials are not promises by theCompany regarding future performance. Actual results may differ significantly from these forecasts for a number of reasons.
For discussion of the assumptions and other factors considered by the Company in preparing the above projections, please referto page 4 of the attachments “1. Overview of Results of Operations (4) Outlook.”QUICK CO., LTD. (4318) Financial Results for FY3/21

1. Overview of Results of Operations(1) Results of Operations
During the fiscal year ended March 31, 2021 (“the fiscal year under review”), consumer and corporate activities
in Japan were severely restricted by a series of constraints such as the state of emergency declaration in April
2020 in response to the spread of COVID-19 infections, the second wave from July, the third wave or a
resurgence of infections towards the end of 2020 and the second state of emergency declaration in January 2021.
Under such circumstances, in Japan’s labor market, the seasonally adjusted job openings -to-applicants ratio was
1.09 and the seasonally adjusted unemployment rate was 2.9% in February 2021, showing a moderate recovery
trend after bottoming out in October 2020. However, despite the expectation that vaccination started in February
2021 will curb the spread of infections, the outlook of the Japanese economy and the employment situation
remains extremely unpredictable amid lingering concerns about a fourth wave of COVID -19 infections and thelike.
To promote and expand business in order to fulfill its corporate social responsibility in this business environment,
the QUICK Group expanded operations in new strategic market sectors, and strengthened coordination between
the group companies as well as continued reinforcing the existing services under the COVID-19 pandemic
environment. All of these activities are aimed at differentiating the QUICK Group from competitors andincreasing customer satisfaction by helping solve HR related problems at client companies. Furthermore, theGroup worked on strengthening the business base through restructuring the sales structure in order to enhance theproductivity.
Net sales decreased 4.5% year-on-year to 20,089 million yen, operating profit decreased 36.3% year-on-year to1,867 million yen, ordinary profit decreased 29.4% year-on-year to 2,124 million yen, and profit attributable toowners of parent decreased 29.4% year-on-year to 1,464 million yen.
From the fiscal year under review, the IT & Internet-Related Business and the Overseas Business that were
included in “Other” in the segment information are shown independently as reportable segments. Accordingly, thesegment information for the previous fiscal year are reported based on the reportable segment categories after therevision.
Performance of the business segments (reportable segments) is described as follows.
(Human Resources Services Business)
1) Personnel Placement
In the personnel placement category, some of our client companies initially showed a weaker appetite forrecruiting, and suspended or delayed their hiring activities partly due to the impacts of the spread of COVID -19
infections. On the other hand, the semiconductor industry continues to show a vigorous recruiting needs and, anincreasing number of companies in other business areas also has started hiring activities. In addition, as theprolonged pandemic have overwhelmed the medical system, the demand for recruiting nurses has been increasing
again. Given this business environment, the personnel placement business for professionals and technical staf f to
general companies almost leveled off, the placements of nurses remained solid, while the placement of childcare
professionals expanded favorably. Those were the major results of our efforts including focusing on selectedcategories, restructuring of our sales structure and providing an extensive support of having more meetings withour client companies and registrants who wish to change careers.
2) Temporary Staffing, Temporary-to-Permanent Staffing, and Business Contracting
In the temporary staffing, temporary-to-permanent staffing and business contracting categories, despite the initial
impact like temporary closure of medical facilities and voluntary or mandatory absence from work of temporary
staff, the performance of the temporary staffing of nurses was enhanced backed by our endeavor to promoteextension of the existing contracts, cultivate new clients and have more meetings with our registrants. The
temporary staffing of childcare workers also remained firm as we redesigned “Hoitomo,” our dedicatedregistration website for childcare professionals, enhanced promotional activities to attract new registrants,
expanded the service area to the Kobe region and provided a thorough support to existing registrants. Meanwhile,the temporary staffing in other fields continued to be tough in the categories except those including IT and1

QUICK CO., LTD. (4318) Financial Results for FY3/21

Internet jobs.
Overall, sales of the Human Resources Service Business increased 0.3% year-on-year to 13,258 million yen andoperating profit decreased 10.9% year-on-year to 2,215 million yen.
(Recruiting Business)
In the Recruiting Business, the new college graduate category saw a continuous improvement in the volume ofadvertisements in our internship websites for March 2022 new college graduates as client companies resumed
recruiting activities. However, the volume of recruiting advertisements targeting new college graduates, for which
we started marketing in February 2021, was stagnant partly due to more stringent competition among peer
recruiting media. Additionally, the handling of new graduate recruiting events remained severe because many ofthese events were canceled to prevent the spread of COVID-19 infections.
On the other hand, in the mid-career hiring domain, primarily underpinned by strong recruitment needs in thefields such as medical/nursing care and logistics, the volume of “Indeed” business remained favorable and thevolume of recruiting advertisements for full-time employees, part-time workers and potential registrants for
temporary staffing showed a continuous improvement. However, since the reissuance of the state of emergency
declaration in January 2021, the business climate of restaurant operators, service industries and the like has
worsened, leading to diminishing hiring demand. Therefore, it will take some mor e time for a full-fledged
recovery.
Services other than the handling of recruiting advertisement posted better operating performance. This was
because we supported recruiting activities of client companies mainly by offering a consultation on new graduate
recruiting strategy in the COVID-19 pandemic, proposing online internship programs and building recruitment
websites.
Overall, sales of the Recruiting Business decreased 23.4% year-on-year to 2,862 million yen and operating profit
decreased 79.1% year-on-year to 188 million yen.
(Information Publishing Business)
The performance of the Information Publishing Business improved thanks to a successful bumper issue of ourmainstay lifestyle information magazines distributed in Kanazawa and Toyama and the enhanc ed handling of
seasonal advertising focusing on housing events and others. Such improvement was achieved in the situation thatthe sales promotion sentiment of our client companies, which had been gradually regaining, turned into decline
partly due to the suspension of the Go To Travel campaign, a Japanese government -led tourism demand stimulus
measure, following the rise in COVID-19 cases, and heavy snow in the Hokuriku region in January 2021.
Additionally, although posting services including flyers distributed to households with lifestyle information
magazines were affected by heavy snow, seasonal flyers advertising housing and schools helped the performancerecover to almost flat, and the volume of “Indeed” business remained favorable. Furthermore, the co ncierge
services we operate under the “cococolor” brand performed well, attributing to the successful enhancement ofcareer change support service targeting IT-related jobs in the career change domain. “Cococolor tenshoku”
became a driving force to enhance the operating performance of the entire concierge services.
Overall, sales of the Information Publishing Business decreased 7.5% year-on-year to 1,935 million yen andoperating profit also decreased 54.2% year-on-year to 90 million yen.
(IT and Internet-Related Business)
In the IT & Internet-Related Business category, “Nihon no Jinjibu (Japan’s Human Resources Department),” a
total information site pertaining to personnel and labor maintained solid advertisement revenues, resulting inearnings increase. Although business conditions of recruiting and human resources development -relatedcompanies that consist our main customer base remained severe, considerable number of corporations showed
aggressive attitude toward online sales promotions, which led to the volume increase of e-mail marketing thattargeted the members of “Nihon no Jinjibu.” Furthermore, the online event, “Nihon no Jinjibu HR Conference”
for human resources professionals held in May and November 2020, enjoyed an increase in the number of
exhibitors and hit a record high in annual visitor number.

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QUICK CO., LTD. (4318) Financial Results for FY3/21

In the system development field, while facing a series of postponement and cancellation of development projects
that was impacted by the third wave of the COVID-19 pandemic, the performance continued to improve as aresult of focusing on receiving orders for additional development of the existing projects as well as new
AI-related projects, in addition to grasping the needs of the current customers. In the learning field also, the
COVID-19 pandemic has discouraged many companies, due to concerns over deterioration of performanceoutlook, from investing in IT-related trainings, and there has been increasing number of companies that postponed
holding on-site group trainings in consideration of infection spread risk. Under these circumstances, the company
continued its steady growth through holding seminars related to AI and DX, as well as focusing on receiving
orders for individual trainings for new employees that comprises new graduates and those hired thr oughmid-carrier recruitment, in addition to stepping up sales efforts focusing on major companies.
Overall, sales of the IT and Internet-Related Business increased 27.7% year-on-year to 1,268 million yen andoperating profit also increased 52.5% year-on-year to 300 million yen.
(Overseas Business)
In the Overseas Business, North and Central America (notably in the U.S. and Mexico), both personnel placementbusiness and temporary staffing business improved the results amid continuing corporations’ cautious attitude
toward hiring and intensifying competition with the competitors in the U.S. This was thanks to the holding of
online seminars to cultivate new customers as well as to support existing customers, sales promotions that were
driven by coordination between locations in New York and Los Angeles. In Mexico, personnel placement had
improved results, grasping hiring needs of manufacturing companies that started to increase from the fourth
quarter. It was toward salespeople and technical staff in order to recover the production volume and corporate
performance that were deteriorated under the COVID-19 pandemic.
In Asia (notably in China, Vietnam, and Thailand), the personnel placement business in China remained almost
flat. This was thanks to our strengthened sales activities focusing on boosting hiring needs of existing customers
while economic outlook in Autumn onward became sluggish due to resurgence of the COVID -19 infection thatmade corporations’ hiring appetite weaker. Personnel and labor consulting a lso stayed almost flat thanks to
grabbing needs for support services during absence of Japanese expatriates as well as employee training and thelike. In Vietnam, impacted by overseas travel restrictions under the COVID -19, personnel placement of Japanese
staff kept undergoing tough situation, while that for Vietnamese was favorable mainly for IT, food, furniture sales
and real estate industries having vigorous recruiting needs even under COVID -19 pandemic. Also in Thailand,
while tough environment continued where there has been no drastic change in quite selective hiring attitude at ourmainstay, local Japanese companies, we worked on reinforcing sales activities for personnel placement businesstargeting Chinese and Taiwanese companies that remain proactive in investment activities amidst the COVID-19
pandemic.
In the U.K., domestic personnel placement services as well as temporary staffing services showed recovery trend.
While employment situation remained severe that was affected by the lockdowns as a res ult of infection spread of
COVID-19, some companies started to consider hiring talented personnel who were obliged to be unemployed
toward end of 2020. In addition, international personnel placement services supporting career changes to non -U.K.
European companies (Cross Border Recruitment services), remained favorable.
The Company’s Global Business Division gave sales supports to overseas companies and worked on promoting
the international career change supports (Cross Border Recruitment services), attract ing more local registrants
who want to change careers, and supporting other activities.
Overall, sales of the Other Businesses decreased 23.3% year-on-year to 764 million yen and operating loss was
108 million yen, compared with a loss of 18 million yen in the previous fiscal year.
(2) Financial Position
AssetsTotal assets at the end of the fiscal year under review increased 11.4%, or 1,544 million yen, year-on-year to
15,103 million yen. This was mainly the result of increases in cash and deposits and investment securities despitea decrease in notes and accounts receivable-trade.

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QUICK CO., LTD. (4318) Financial Results for FY3/21

Liabilities
Total liabilities at the end of the fiscal year under review increased 7.7%, or 313 million yen, year-on-year to
4,408 million yen. This was mainly the result of increases in accounts payable-other and deferred tax liabilities
despite a decrease in income taxes payable.
Net assets
Total net assets at the end of the fiscal year under review increased 13.0%, or 1,230 million yen, year-on-year to
10,694 million yen. 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 1.0 percentage points from the end of
the previous fiscal year to 70.8%.
(3) Cash Flows
Cash and cash equivalents (hereinafter “net cash”) increased 682 million yen from the end of the previous fiscal
year to 8,097 million yen at the end of the fiscal year under review. Outflows included income taxes paid anddividends paid, while inflows included profit before income taxes.
Cash flows by category are as follows.
Cash flows from operating activities
Net cash provided by operating activities decreased 25.2% year-on-year to 1,843 million yen. Negative factors
include income taxes paid of 905 million yen. Positive factors include profit before income taxes of 2,118 million
yen.
Cash flows from investing activities
Net cash used in investing activities increased 20.1% year-on-year to 471 million yen. Negative factors include
purchase of property, plant and equipment and intangible assets of 477 million yen.
Cash flows from financing activities
Net cash used in financing activities decreased 31.6% year-on-year to 677 million yen. Negative factors include
dividends paid of 769 million yen. Positive factors include short-term borrowings of 107 million yen.
(4) O utlook
Going forward, the recovery of Japanese economy is expected in view that the spread of COVID -19 infection will
be gradually settled down thanks to start of vaccination. While there still remains risks that can drive down theeconomy, such as infection resurgence in association with emergence of new variants as well as intensification of
the trade friction between the U.S. and China, we need to be continuously cautious about the future of t heJapanese economy.
As for employment circumstance, corporations and other organizations that suspended or cancelled their hiring
activities due to the COVID-19 pandemic are anticipated to resume hiring activities with expectation for its
convergence, primarily driven by vaccination. In addition, recruitment needs are expected to recover in a wide
range of sectors, as some companies have started to hire highly specialized human resources such as
IT-professionals as well as those who can be industry-ready, in order to enhance competitiveness even under the
COVID-19 pandemic.
In the Human Resources Services Business, we will expand the service area and adopt other measures to further
strengthen operations in the existing domains of personnel placement, such a s personnel placement targeting
general companies in the construction and civil engineering, pharmaceutical, manufacturing and other businesssectors, and the placement of nurses. We will also develop a new category of job placements for specialists, inwhich recruiting needs are strong or less affected by changes in economic conditions. In addition, we aim toincrease the number of registrants and boost productivity by enriching the contents on, improving the usability ofand conducting effective promotional activities for the websites, including “Kango-roo!,” we operate.

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QUICK CO., LTD. (4318) Financial Results for FY3/21

In the temporary staffing, temporary-to-permanent staffing and business contracting categories, we will
strengthen activities involving the medical and welfare sectors that are generally l ess affected by changes in
economic conditions and have strong recruiting needs. We aim to enhance operating performance by attracting
registrants for the temporary staffing of nurses based on our expertise and brand power cultivated in placementsof nurses, having frequent meetings with our registrants and supporting young registrants to exert their talent andskills early on. Furthermore, we will attract more registrants by increasing job postings on and improving thecontent of the dedicated website named “Hoitomo” for childcare temporary staffing while developing newcustomers in Kobe, our new priority area, as well as promoting brand penetration. We are also ready for the
temporary placement of workers for IT-related jobs to support governmental and educational institutions inproviding remote services amid the COVID-19 pandemic.
In the Recruiting Business, it will take some more time to return to the pre -pandemic level even though corporate
recruiting needs have been on a recovery track. In such an environment, we will strive to review our sales
structure to cultivate a new customer base and increase sales with an inside sales approach, as well as to elevate
productivity by leveraging “Q-mate,” our integrated job posting management system. Further, we ai m to turnaround operating performance through strengthened consulting sales activities with high added value by
providing one-stop support services ranging from establishing a new graduate recruiting strategy to following up
on how to train and retain new employees in response to recruiting challenges our client companies are facing.
In the Information Publishing Business, as business confidence has been improving, we are expecting a moderate
recovery in sentiment toward advertisement placements for sales promotion, event advertising and recruitment
purposes. However, it is highly likely that the demand for advertisement placement from our main customer baseincluding restaurants and small and medium-sized shops will be slower to pick up. In such a situation, we will
enhance sales activities of lifestyle information magazines in sectors with higher sales promotion needs despite
the pandemic while increasing the effectiveness of advertisements and building a new earnings structure byproposing a linkage of paper media with web services. In the posting business, we will build a stronger
foundation for business operations by cultivating new customers from outside the Hokuriku region through web
promotions and increasing posting staff. Furthermore, in concierge ( face-to-face consultation) services, we will
expand priority sectors and service area in the career change domain to achieve a recovery.
In the IT & Internet-Related Business category, we will keep working on cultivating new customers in IT and
SaaS-related fields as well as employee training field, aiming at increasing the number of exhibitors to “Nihon no
Jinjibu HR Conference” for human resources professionals, which has been successful in shifting to online -based
one under COVID-19 pandemic as well as enriching the contents on the websites. Furthermore, for “Nihon no
Jinjibu,” a total information site pertaining to personnel and labor, we will aim to enhance further penetration of“Nihon no Jinjibu” brand and expansion of user base through diversificatio n of service on website, by enrichingcontents primarily in an interview article, in addition to promotion of matching service that aims for solution of
HR issues in “Nihon no Jinjibu.”
Meanwhile, in the system development field we will aim to further expand domains for the development,
accumulate more expertise and increase operational efficiency by focusing on hiring engineers and training
current employees, in addition to increasing AI and data utilization related development projects where we havetrack record and expertise as well as promoting an approach to receive orders for similar development projects to
those that we were engaged in in the past and we have knowhow for such developments. In the learning field we
will work on achieving stable performance for the whole year by differentiating ourselves from the competitors,
through enriching training line-up such as adding those for the students who are to join the company and thoseaiming at acquiring a qualification, as well as providing those for ne w technologies on the trend such as AI, datautilization and DX related ones, in addition to implementing hybrid type training by making use of know -how wehave accumulated through online and face-to-face group trainings conducted during the period of COVID-19
pandemic.
In the Overseas Business, corporate activities and cross-border traveling are still restricted in many countries dueto the COVID-19 pandemic, and therefore, corporate recruiting needs are shifting from hiring experienced staff
from overseas to hiring local staff with equivalent skill. Given such circumstance, we will focus on acquiring
more local registrants, strengthen personnel placement, temporary staffing and personnel and labor consulting ineach country, and aim to establish ourselves as a partner that helps resolve human resources issues at client

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QUICK CO., LTD. (4318) Financial Results for FY3/21

companies, eventually recovering our earnings base. We will also focus on resuming the Cross Border
Recruitment services, career change support services for those who seek a job international ly.
As a result, we expect consolidated net sales of 21,400 million yen (up 6.5% year-on-year), operating profit of
2,486 million yen (up 33.1%), ordinary profit of 2,500 million yen (up 17.7%), and profit attributable to ownersof parent of 1,706 million yen (up 16.5%) for the fiscal year ending March 31, 2022.
Although net sales of the next period will decrease because of the change in recording method of net sales forselected services with the application of “Accounting Standard for Revenue Recognition” as of the beginning of
the fiscal year ending March 31, 2022, compared to the net sales of the current period, which is recorded under
the accounting standard before the change, there will be no impact to the earnings.
(5) 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 toachieve sustainable growth and increase corporate value.
With regard to the dividends of surplus, we aim to enhance our return of profits and augment shareholders’ value
with a basic policy that adopts 40% of profit attributable to owners of parent as our target dividend payout ratio,
taking into consideration such factors as strengthening our financial base and future business developments.
Along with this dividend policy, we include commemorative dividend for the company’s 40th anniversary which
is announced in “Announcement of Commemorative Dividend for the Company’s 40th Anniversary” released on
October 12, 2020 (Japanese version only) and plan to pay an annual dividend of 44 yen per share, consisting of adividend of 18 yen at the end of the second quarter (ordinary dividend of 12 yen and commemorative dividend of
6 yen) and 26 yen at the fiscal year-end (ordinary dividend of 20 yen and commemorative dividend of 6 yen).
For the fiscal year ending March 31, 2022, we forecast an annual dividend of 40 yen per share, consisting of adividend of 20 yen each at the end of the second quarter and fiscal year-end. At present, we do not expect toaward quarterly or other dividends other than at the end of the second quarter and fiscal year -end.

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QUICK CO., LTD. (4318) Financial Results for FY3/21

2. Corporate GroupThe QUICK Group (QUICK CO., LTD. and its affiliated companies) consists of QUICK CO., LTD. (theCompany) and 14 consolidated subsidiaries. Business operations are 1) Human Resources Services Business, 2)
Recruiting Business, 3) Information Publishing Business, 4) IT & Internet-Related Business and 5) Overseas
Business.
A flowchart of the Group’s business operations is as follows.

Note: All of the above 14 affiliated companies are consolidated subsidiaries.

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QUICK CO., LTD. (4318) Financial Results for FY3/21

3. Management Policies(1) Basic Management Policy
Since the time of its establishment, the QUICK Group has provided comprehensive human re sources services thatlink people and companies. Themed on human resources, we develop business that contributes to society. Goingforward, we will continue to grow as a company that “contributes to society through the human resources andinformation businesses.”
The QUICK Group’s businesses are as described in “2. Corporate Group.” In each of these businesses, the Groupwill strengthen operations in order to respond swiftly to market needs, including those of client companies andjob seekers, and also build up our sales structure. Furthermore, the Group will strive to enhance management
efficiencies through synergistic effects enabled by information sharing and cooperation within the Group .
(2) Performance Targets
While 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 who wish to change careers within the Group. While economic outlook remains uncertain due to the
COVID-19 pandemic, we continue to work on expanding scale of its operations and realizing profit -orientedorganization. In order to attain stable growth and build a robust financial foundation, the Group also aims toincrease its ordinary profit margin and return on equity (ROE) over the medium to long -term.
(3) Medium- and Long-term Management Strategy
The QUICK Group aims to expand its areas of business as a comprehensive human resources services andinformation services company. To this end, we intend to further strengthen our core Human Resources Services
Business. We also aim to achieve the medium- to long-term growth of the Recruiting Business, Information
Publishing Business, IT & Internet-Related Business and Overseas Business.
In each business, we will engage in cultivation of new service domains and development of new products,
services and business models. We will strive to build a sales structure to swiftly meet changing market needs andpursue synergies by strengthening cooperation between businesses.
Furthermore, we aim at realizing the concept of the “Sekai no Jinjibu (Human Resources Department for theworld),” through which we develop global human resources services, by strengthening cooperation between ouroverseas companies and businesses in Japan as well as cultivating the market for international career change
supports (Cross Border Recruitment services), in order to drive our Overseas Business forward.
(4) Issues to Address
Based on its management philosophy of “making everyone involved happy” and its business philosophy of“contributing to society through human resources and information businesses,” the QUICK Group aims to revamp
existing businesses and propose new services. At the same time, we will co ntinue to invest in strategic fields andgrow in these fields with the goal of becoming the leader in these targeted markets. In the global human resourcesbusiness, there are a growing number of Japanese companies that must deal with recruiting and person nel andlabor issues at their overseas operations. In Japan, companies are facing an increasingly severe Japan’s structurallabor shortage caused by the country’s falling birthrate and aging population. We take proactive stance in order toaccomplish our goal of becoming a “Sekai no Jinjibu” that can help solve the recruiting and other HR issues ofcompanies in Japan and other countries.
Furthermore, we will focus more on M&As and hiring and training of outstanding people to promote these goals,
thereby enabling the QUICK Group to grow even faster.
The issues in individual business segments are outlined below.
(Human Resources Services Business)
1) Personnel placement
In the personnel placement category human resources companies are competing ever more intensely in order

8

QUICK CO., LTD. (4318) Financial Results for FY3/21

primarily to attract registrants for specialized jobs in the construction and civil engineering, pharmaceutical,
manufacturing and other business sectors and also for nursing jobs in the health care and other facilities.
Furthermore, as an increasing number of companies are more careful in recruiting on the back of the COVID -19
pandemic, we are required to deliver a higher quality service in terms of proposal of human resources andresponsiveness. To succeed, we are renewing our websites with more contents available online to make themmore useful and conducting effective promotional activities. By using a variety of actions, we will increase thebrand power of all our websites and attract more people to register for job placements. In other moves to become
more competitive as an organization, this business will find new domains of job placements for specialists,
expand the service area, elicit the strengths of young employees early on with more substantial personnel
training and provide consulting services with higher quality.
2) Temporary Staffing, Temporary-to-Permanent Staffing, and Business Contracting
In the temporary staffing, temporary-to-permanent staffing, business contracting categories, although there
remains strong demand for human resources, such as nurses and childcare workers, from our priority medical andwelfare sectors, the demand is slowing down compared to that of the pre-pandemic period. In order to attract
more people to register for temporary staffing placements, we will strive to strengthen promotional activities on
and add more contents to our Group’s websites consisting of “Medicare Career” targeting temporary workers in
the medical and welfare sectors and “Hoitomo” targeting temporary childcare workers so that both we bsites candraw more people to them with enhanced brand power, while working on expanding the market penetration of
temporary staffing services in coordination with the personnel placement business for nurses. Furthermore, inorder to improve productivity, we will have frequent meetings with such registrants to increase the number ofpeople finding a temporary staffing job, and focus on the development of young talents.
(Recruiting Business)
In the Recruiting Business, the competitive environment for the handling of recruiting advertisements is being
intensified due to diversified hiring methods, including aggregation -type (search engine type collecting specificinformation from multiple websites) or contingent fee-based recruiting ad services and personnel placements, inaddition to a more intensified competition for media that the Company handles. Additionally, it will take somemore time to return to the situation before the COVID-19 pandemic even though corporate recruiting needs havebeen on a recovery track. Under these circumstances, we will offer timely proposals on recruiting advertisement
to existing customers and develop new customers by driving market penetration of “Q -mate,” our original job
posting management system that collectively identifies the recruiting needs of client companies. Meanwhile, wewill pursue to strengthen consulting services targeting other than recruiting ads to help our client companies
succeed in their recruiting activities. These services include proposals on the optimal r ecruiting methods, process
and branding, the production of recruiting tools, and competitive analysis along with such proposals.
(Information Publishing Business)
The Information Publishing Business is facing a decreasing trend in placing advertisements i n information
magazines as, against a backdrop of the recent development of website advertisement, advertising techniques
have been shifting from paper media to web media in both the sales promotion and recruitment domains.
Furthermore, it will take some more time for the demand for advertisement placement from our main customer
base of lifestyle information magazines including restaurants and small stores to return to the pre -pandemic level.
To address such circumstances, we will reorganize existing publications while boosting sales activities for media
services by targeting supermarkets, drug stores and other businesses less prone to the impact of the pandemic. At
the same time, web services will be enhanced to deal with the increasing web promotion needs of clientcompanies. Specifically, we will develop and increase sales of our own web media, as well as step up our sales
efforts to take orders for refurbishment of customers’ websites and website advertising support services.
Furthermore, we will improve our sales mix, which is highly dependent on media services including lifestyle
information magazines, by expanding the service area of concierge (face -to-face consultation) services.
(IT & Internet-Related Business)
In the IT & Internet-Related Business category, amid the circumstance where convergence of the COVID-19
9

QUICK CO., LTD. (4318) Financial Results for FY3/21

pandemic can hardly be foreseen, we anticipate that from next fiscal year, our competitors will try to follow thebusiness model of “Nihon no Jinjibu HR Conference” for human resources profes sionals, for which conversion
into online-based services was successful this year. In response to such moves, we will further reinforce the sales
force and attract more visitors, by making use of our successful experience in on -line systematization that wasachieved even in the first year of the COVID-19 pandemic. By continuously increasing the number of theexhibiters and visitors, we will work on establishing and further enhancing the brand of “Nihon no Jinjibu HR
Conference” as an online HR-related event.
In the system development field and the learning field amid growing demand for hiring IT professionals andincreased their market value due to increasing data usage and DX promotion by corporations, our challenges are
to attract and retain more development engineers engaged in system development, and create new customers forfurther expanding business performance. In response to such circumstances, in addition to reinforcing hiring ofengineers, we will improve inhouse systems, such as providing career development support for engineers andtuning up the appraisal system. Furthermore, while enhancing operational efficiency to reduce workload bypromoting an approach to receive orders for similar development projects to those that we were engaged in in thepast and we have expertise for such developments, and by working on receiving orders for the development
projects that require latest technology, we will aim to encourage our engineers’ growth and help them achieve job
satisfaction, which will eventually lead to their retention. In the learning field by adopting flexible approach like
providing training programs that can be adjusted according to customers’ requirement, such as hybrid typetraining, making use of expertise we have accumulated through online -based training programs and seminars aswell as traditional face-to-face group trainings for corporate customers that were developed in consideration for
COVID-19. Through these initiatives, we will strive to grab the current customers and cultivate new cus tomers.
(Overseas Business)
In the Overseas Business, as passage from abroad is restricted due to the COVID -19 pandemic in many countries,
recruiting needs at the operations of Japanese companies are shifting from hiring experienced staff from overseas,
primarily Japanese staff, to hiring experienced staff locally. Given such circumstance, we are focusing on
acquiring more local registrants who wish to change careers through renewal of the contents on the websites we
operate, utilizing headhunting services and holding online seminars.
Furthermore, in the U.K., tough employment situation is anticipated to continue due to heavy constraints on
business activities associated with repeated lockdowns as well as prolonged COVID -19 pandemic. To address thissituation, we will accelerate our efforts in stepping up our approach to Japanese firms in European countries,
attracting registrants, and establish a stronger business base of providing the international career change supports(Cross Border Recruitment services) to European companies, as the third core business that will follow personnel
placement and temporary staffing businesses in the U.K.
In Shanghai and Thailand, we will aim to restructure the business systems by advancing staff hiring and employee
training that have been stalled because of the COVID-19 outbreak since establishment of subsidiaries.
In addition, the Company’s Global Business Division will take a central role in supporting these overseas
subsidiaries in their sales activities. We aim to accomplish our goal of becoming “Sekai no Jinjibu,” which is ourgroup vision, a Human Resources Division that can help solve the labor issues of companies in Japan and othercountries, through building a business model by which overseas group companies can collaborate to develop
human resources services.
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 of other 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.

10

QUICK CO., LTD. (4318) Financial Results for FY3/21

5. Consolidated Financial Statements and Notes(1) Consolidated Balance Sheet
FY3/20(As of Mar. 31, 2020)(Thousands of yen)
FY3/21(As of Mar. 31, 2021)

AssetsCurrent assets
Cash and deposits

7,469,166

8,151,779

Notes and accounts receivable-trade

2,139,732

1,989,492

Other423,453

324,936

Allowance for doubtful accounts(2,081)(2,397)

10,030,271

10,463,810

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

1,634,193

1,645,899

Accumulated depreciation(754,873)(810,893)

Buildings and structures, net

879,320

835,006

10,684

5,878(5,811)(3,636)

VehiclesAccumulated depreciation
Vehicles, net

4,872

2,242

Tools, furniture and fixtures

273,954305,022

Accumulated depreciation(174,074)(205,863)

Tools, furniture and fixtures, net
Land
Leased assets

99,88099,159276,869

276,869

15,15013,906(7,789)(5,662)

7,360

8,244

1,268,302

1,221,521

Software367,856

629,824

Software in progress

74,851

127,079

Goodwill

74,846

69,517

Other

10,65910,659Total intangible assets

528,213

837,080

Investment securities

926,517

1,732,291

Leasehold deposits

656,096

685,835

Deferred tax assets

100,388

104,651

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

Investments and other assets

Other

52,15262,336

Allowance for doubtful accounts(3,433)(4,318)

Total investments and other assets

1,731,721

2,580,796

Total non-current assets
Total assets

11

3,528,237

4,639,398

13,558,509

15,103,209

QUICK CO., LTD. (4318) Financial Results for FY3/21(Thousands of yen)
FY3/21(As of Mar. 31, 2021)

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

Short-term borrowings

192,502299,957

Accounts payable-other

838,432

1,088,965

Accrued expenses

562,217544,457

Lease obligations

2,825

2,552

Income taxes payable552,213331,134

Accrued consumption taxes

349,522284,294

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

571,211594,263

42,00035,31020,60020,000-570

Asset retirement obligations
Other
Total current liabilities

492,089

351,751

385,890

3,976,203

4,079,486

Non-current liabilities
Lease obligations

4,803

5,950

Deferred tax liabilities

7,530

213,620

Asset retirement obligations

98,011

98,856

Other

7,959

10,591

118,304

329,018

4,094,508

4,408,504

Share capital

351,317351,317

Capital surplus

391,392

391,392

Retained earnings

8,194,756

8,886,571

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

Total shareholders’ equity

8,921,459

9,613,275

537,307

1,092,767

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

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

12

1,134

(13,579)

538,441

1,079,188

4,099

2,241

9,464,000

10,694,705

13,558,509

15,103,209

QUICK CO., LTD. (4318) Financial Results for FY3/21(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statement of Income
FY3/20(Apr. 1, 2019 – Mar. 31, 2020)(Thousands of yen)
FY3/21(Apr. 1, 2020 – Mar. 31, 2021)

21,035,714

20,089,754

Net sales
Cost of sales

8,115,876

8,077,044

Gross profit

12,919,837

12,012,710

Selling, general and administrative expenses

9,989,245

10,145,526

Operating profit

2,930,592

1,867,184

Interest income

1,031

1,744

Dividend income

12,391

9,067

Sale cooperation fee

46,000--231,456

Other

27,901

23,999Total non-operating income

87,324

266,268

Interest expenses

2,222

4,638

Foreign exchange losses

4,626

4,528

Commission expenses

730

-

Other

383

100

7,962

9,266

3,009,953

2,124,185

Non-operating income

Subsidy income

Non-operating expenses

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

-

1,785

Gain on sale of investment securities

63,338-Gain on step acquisitions

14,025-

Total extraordinary income

77,363

1,785

Extraordinary losses
Loss on sale of non-current assets-

229

Loss on retirement of non-current assets

12,96555

Impairment losses

60,114-

Office relocation expenses

-

7,569

Total extraordinary losses

73,0807,854

Profit before income taxes

3,014,237

2,118,116

Income taxes-current

968,788695,105

Income taxes-deferred(29,466)(38,680)

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

13939,322

656,424

2,074,914

1,461,691

777(2,456)2,074,137

1,464,148

QUICK CO., LTD. (4318) Financial Results for FY3/21

Consolidated Statement of Comprehensive Income
FY3/20(Apr. 1, 2019 – Mar. 31, 2020)(Thousands of yen)
FY3/21(Apr. 1, 2020 – Mar. 31, 2021)

2,074,914

1,461,691(124,299)

555,460

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

1,910(14,114)(122,388)

541,345

1,952,526

2,003,037

1,951,679

2,004,895

846(1,857)

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

14

QUICK CO., LTD. (4318) Financial Results for FY3/21(3) Consolidated Statement of Changes in Equity
FY3/20 (Apr. 1, 2019 – Mar. 31, 2020)(Thousands of yen)
Shareholders’ equity
Share capital
Balance at beginning of
periodChanges during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
sharesNet changes in items
other than shareholders’equityTotal changes during
periodBalance at end of period

Balance at beginning of
periodChanges during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
sharesNet changes in items
other than shareholders’equityTotal changes during
periodBalance at end of period

351,317

Capital surplus

Retained earnings

Treasury shares

Total shareholders’equity391,392

6,968,762(14,965)

7,696,505(848,143)(848,143)

2,074,137

2,074,137(1,040)(1,040)--1,225,993(1,040)1,224,953

351,317391,392

8,194,756(16,005)

8,921,459

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency
difference onothertranslation
available-for-salecomprehensive
adjustment
securities
incomeNon-controllinginterests

Total net assets

1,401

8,358,806

661,606(707)

660,899(848,143)
2,074,137(1,040)(124,299)

1,841(122,457)

2,698(119,759)(124,299)

1,841(122,457)

2,698

1,105,194

537,307

1,134

538,441

4,099

9,464,000

15QUICK CO., LTD. (4318) Financial Results for FY3/21

FY3/21 (Apr. 1, 2020 – Mar. 31, 2021)(Thousands of yen)
Shareholders’ equity
Share capital
Balance at beginning of
periodChanges during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
sharesNet changes in items
other than shareholders’equityTotal changes during
periodBalance at end of period

Balance at beginning of
periodChanges during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
sharesNet changes in items
other than shareholders’equityTotal changes during
periodBalance at end of period

351,317

Capital surplus

Retained earnings

Treasury shares

Total shareholders’equity391,392

8,194,756(16,005)

8,921,459(772,333)(772,333)

1,464,148

1,464,148---

691,815-

691,815

351,317391,392

8,886,571(16,005)

9,613,275

Accumulated other comprehensive income
Valuation
Total accumulated
Foreign currency
difference onothertranslation
available-for-salecomprehensive
adjustment
securities
incomeNon-controllinginterests

Total net assets

4,099

9,464,000

537,307

1,134

538,441(772,333)
1,464,148
555,460(14,713)

540,746(1,857)

538,889

555,460(14,713)

540,746(1,857)1,230,704

1,092,767(13,579)

1,079,188

2,241

10,694,705

16

QUICK CO., LTD. (4318) Financial Results for FY3/21(4) Consolidated Statement of Cash Flows(Thousands of yen)
FY3/20FY3/21(Apr. 1, 2019 – Mar. 31, 2020) (Apr. 1, 2020 – Mar. 31, 2021)
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for directors(and other officers)
Increase (decrease) in provision for repayment
Interest and dividend income
Interest expenses
Gain on sale of non-current assets
Loss on sale of non-current assets
Loss on retirement of non-current assets
Loss (gain) on sale of investment securities
Loss (gain) on step acquisitions
Relocation expenses
Decrease (increase) in trade receivables
Increase (decrease) in trade payables
Decrease (increase) in leasehold and guarantee deposits
Increase (decrease) in accrued consumption taxes
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Proceeds from purchase of shares of subsidiaries resulting
in change in scope of consolidation
Other, net

3,014,237
179,124
60,114
12,929(340)
82,8882,118,116
219,661
13,254
1,189
22,981(20,450)(6,690)2,400(13,422)
2,222
12,965(63,338)(14,025)
147,293(39,686)(13,225)
44,986
148,337(600)(10,811)
4,638(1,785)
229
55
7,569
174,003
48,060(29,664)(66,108)
248,366

3,543,011

2,742,465

13,422(2,213)(1,090,516)

10,812(4,662)(905,499)

2,463,704

1,843,116(23,883)(261,138)(284,953)(5,686)112,265(1,374)(59,635)
1,777(418,219)(5,632)-75,90011,362(5,000)204

Net cash provided by (used in) investing activities(392,496)(471,518)

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

2,600
(141,645)(3,810)(847,399)

107,455(12,255)(3,115)(769,744)

Net cash provided by (used in) financing activities(990,254)(677,659)(183)(11,528)

Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents

1,080,769

682,409

Cash and cash equivalents at beginning of period

6,334,521

7,415,291

Cash and cash equivalents at end of period

7,415,291

8,097,700

17

QUICK CO., LTD. (4318) Financial Results for FY3/21(5) Notes to Consolidated Financial Statements
Going-concern Assumption
Not applicable.
Segment Information
1. Outline of reportable segments
The reportable segments of the Company are components for which discrete fin ancial information is available andwhose operating results are regularly reviewed by the Board of Directors to make decisions about resource
allocation and to assess performance.
The QUICK Group engages in a diverse range of businesses, including personne l placement and temporary
staffing, providing services related to recruiting advertisement 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 foreach 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 five reportable segments: Human Resources
Services Business, Recruiting Business, Information Publishing Business, IT & Internet-Related Business andOverseas Business.
Main activities of the Human Resources Services Business include personnel placement, temporary staffing,
temporary-to-permanent staffing, business contracting and nursery school operations. Main activities of the
Recruiting Business include an advertising agency business for recruiting advertisements, provisio n of recruiting
support tools, education and training and personnel business contracting. Main activities of the Information
Publishing Business include publication of regional information magazines, web promotion support, posting andconcierge (face-to-face consultation) services. The IT & Internet-Related Business mainly operates the “Nihon no
Jinjibu” site, plans and operates events related to the “Nihon no Jinjibu,” supports web promotions , develops web
and mobile applications and develops and trains IT engineers. The Overseas Business engages in personnel
placement, temporary staffing, personnel and labor consulting and other services in the U.S., China, Mexico, theU.K., Vietnam and Thailand, and the Company provides marketing support for subsidiaries in these countries..
(Information related to revisions for reportable segments)
From the fiscal year under review, the IT & Internet-Related Business and the Overseas Business that were
included in “Other” in the segment information are shown independentl y as reportable segments. Accordingly, thesegment information for the previous fiscal year are reported based on the reportable segment categories after therevision.
2. Calculation method of net sales, profit/loss, assets and other items in each reporta ble segment
The method of accounting for the reported operating segments is in accordance with the accounting policy
adopted to prepare the consolidated financial statements.
Profits for reportable segments are generally operating profit.
Inter-segment sales and transfers are based on prevailing market prices.

18

QUICK CO., LTD. (4318) Financial Results for FY3/21

3. Information pertaining to net sales, profit/loss, assets and other items in reportable segments
FY3/20 (Apr. 1, 2019 – Mar. 31, 2020)
Reportable Segment
Human
Resources
Services
Business
Net sales
Sales toexternalcustomers
Inter-segment
sales andtransfers
Total
Segment profit(loss)
Segment assets

Recruiting
Business

Information
Publishing
Business

IT &Internet-Related
Business

13,217,957 3,734,389

2,093,330

993,351

11,602

11,926

21,13013,228,298 3,745,991

2,105,256

1,014,482

901,728

196,954

197,282

6,579,327 2,143,406

1,156,063

1,232,564

10,3402,487,474

Overseas
Business

Total

996,685 21,035,714

909

55,908(Thousands of yen)Amount intheAdjustment consolidated(Note 2)
financialstatements(Note 3)

- 21,035,714(55,908)-

997,594 21,091,622(55,908) 21,035,714(18,145)(834,702)

3,765,295

634,924 11,746,286

2,930,592

1,812,222 13,558,509

Other items
Depreciation
111,337
4,392
20,851
2,407
8,182
147,171
31,953
179,124
Impairment
60,114
60,114
60,114loss
Increase inproperty, plantand equipment
420,523
13,602
1,290
3,791
6,963
446,170
14,279460,450and intangible
assets
Notes: 1. Contents of adjustments are as follows.
(1) The (834,702) thousand yen adjustment to segment profit (loss) includes elimination for inter-segment
transactions of 174,090 thousand yen, and (1,008,793) thousand yen in company-wide costs that cannot beallocated to any specific reportable segments. Company-wide costs consist primarily of expenses related tothe administration division, which are not attributable to any reportable segments, including general affairs
and accounting at the Company.
(2) The 1,812,222 thousand yen adjustment to segment assets includes elimination for inter-segment transactionsof (294,312) thousand yen, and 2,106,534 thousand yen in company-wide assets that cannot be allocated toany specific reportable segments. Company-wide assets consist primarily of the Company’s excess funds(cash and deposits), long-term investments (investment securities), and assets which belong to theadministration division.
(3) The 31,953 thousand yen adjustment to depreciation is the sum of depreciation of assets which belong to theadministration division that cannot be allocated to reportable segments.
(4) The 14,279 thousand yen adjustment to an increase in property, plant and equipment and intangible assets isthe sum of assets which are not attributable to any reportable segments and belong to the administration
division that cannot be allocated to reportable segments.
3. Segment profit (loss) is adjusted with operating profit shown on the consolidated statement of income.
4. The “Overseas Business” segment reported an impairment loss on goodwill of 60,114 thousand y en.

19

QUICK CO., LTD. (4318) Financial Results for FY3/21

FY3/21 (Apr. 1, 2020 – Mar. 31, 2021)
Reportable Segment
Human
Resources
Services
Business
Net sales
Sales toexternalcustomers
Inter-segment
sales andtransfers
Total
Segment profit(loss)
Segment assets

Recruiting
Business

Information
Publishing
Business

13,258,686 2,862,073

1,935,296

1,268,983

11,245

12,366

96,664

13,263,058 2,873,319

1,947,662

1,365,648

4,372

2,215,937

188,725

90,2397,542,170 1,982,954

1,190,010

IT &Overseas
Internet-Related
Business
Business

764,716 20,089,754

668

125,317765,384 20,215,072

300,941 (108,546)
1,412,891

Total

2,687,296

563,535 12,691,562(Thousands of yen)Amount intheAdjustment consolidated(Note 2)
financialstatements(Note 3)

- 20,089,754(125,317)-(125,317) 20,089,754(820,112)

1,867,184

2,411,646 15,103,209

Other items
Depreciation
156,213
4,765
20,2593,214
9,903
194,356
25,305
219,661
Impairment
loss
Increase inproperty, plantand equipment
429,440960
31,560462
20,217
482,640
6,570
489,211and intangible
assets
Notes: 1. Contents of adjustments are as follows.
(1) The (820,112) thousand yen adjustment to segment profit (loss) includes elimination for inter-segment
transactions of 107,701 thousand yen, and (927,814) thousand yen in company-wide costs that cannot beallocated to any specific reportable segments. Company-wide costs consist primarily of expenses related tothe administration division, which are not attributable to any reportable segments, including general affairs
and accounting at the Company.
(2) The 2,411,646 thousand yen adjustment to segment assets includes elimination for inter-segment transactionsof (157,413) thousand yen, and 2,569,059 thousand yen in company-wide assets that cannot be allocated toany specific reportable segments. Company-wide assets consist primarily of the Company’s excess funds(cash and deposits), long-term investments (investment securities), and assets which belong to theadministration division.
(3) The 25,305 thousand yen adjustment to depreciation is the sum of depreciation of assets which belong to theadministration division that cannot be allocated to reportable segments.
(4) The 6,570 thousand yen adjustment to an increase in property, plant and equipment and intangible assets isthe sum of assets which are not attributable to any reportable segments and belong to the administration
division that cannot be allocated to reportable segments.
2. Segment profit (loss) is adjusted with operating profit 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 in accordance with accounting principles and practices generally accepted in Japan, for the convenience of readers
who prefer an English translation.

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