Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2022
[Japanese GAAP]
April 28, 2022

Listing: Tokyo Stock Exchange
Company name: QUICK CO., LTD.
Stock code:
4318
URL: https://919.jp/
Representative: Tsutomu Wano, Chairman
Contact:
Kenta Kijima, Senior Executive Officer,
General Manager of Administration and Accounting Division
Tel: +81-6-6366-0919
Scheduled date of Annual General Meeting of Shareholders:June 22, 2022
Scheduled date of filing of Annual Securities Report:
June 22, 2022
Scheduled date of payment of dividend:
June 23, 2022
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, 2022 (April 1, 2021 – March 31, 2022)(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, 2022
23,590 21.8
3,345
79.3
Fiscal year ended Mar. 31, 2021
19,3601,866
Note: Comprehensive income (millions of yen) Fiscal year ended Mar. 31, 2022:
Fiscal year ended Mar. 31, 2021:% Millions of yen

3,423
61.3
2,123
2,277 (up 13.7%)
2,002 (-%)

2,248
1,463

%

53.6
-

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, 2022
119.35
19.7
20.7
14.2
Fiscal year ended Mar. 31, 2021
77.69
14.5
14.8
9.6
Reference: Equity in earnings of affiliates (millions of yen): Fiscal year ended Mar. 31, 2022: - Fiscal year ended Mar. 31, 2021: Note: Beginning with the first quarter of the fiscal year ended March 31, 2022, the Company has applied Accounting Standard
for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29, March 31, 2020). All figures
for the fiscal year ended March 31, 2021 have been adjusted retroactively to conform with this accounting standard.
Accordingly, the year-on-year changes for the fiscal year ended March 31, 2021 are not presented.

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Shareholders’ equity ratio Net assets per share

Millions of yen%

Yen

As of Mar. 31, 2022
18,002
12,09867.2
642.21
As of Mar. 31, 2021
15,103
10,68770.7
567.24
Reference: Shareholders’ equity (millions of yen)
As of Mar. 31, 2022: 12,097
As of Mar. 31, 2021: 10,685
Note: Beginning with the first quarter of the fiscal year ended March 31, 2022, the Company has applied Accounting Standard
for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020). All figures as of March 31, 2021 have been adjusted
retroactively to conform with this accounting standard.

(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

3,844
1,843

(476)
(471)

(1,048)(677)

10,448
8,097

Fiscal year ended Mar. 31, 2022
Fiscal year ended Mar. 31, 2021

2. Dividends
Dividend per share
1Q-end 2Q-end 3Q-end Year-end
Yen

Yen

Yen

Yen

Total
dividends

Total

Payout ratio(consolidated)

Yen Millions of yen

Fiscal year ended Mar. 31, 2021
18.00
26.00
44.00
Fiscal year ended Mar. 31, 2022
20.00
28.00
48.00
Fiscal year ending Mar. 31, 2023
26.00
27.00
53.00
(forecasts)
Note: Breakdown of dividend for the fiscal year ended Mar. 31, 2021
2Q-end: Ordinary dividend: 12.00 yen; Commemorative dividend: 6.00 yen
Year-end: Ordinary dividend: 20.00 yen; Commemorative dividend: 6.00 yen

829
905

Dividends to
net assets(consolidated)

%

%

56.6
40.2

8.2
7.9

40.5

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

13,67425,600

12.1
8.5

3,116
3,679

17.3
10.0

3,130
3,700

16.6
8.1

2,163
2,465

14.5
9.6

114.84130.86

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes inscope of consolidation): None
Newly added: Excluded: (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, 2022:

19,098,576 shares

As of Mar. 31, 2021:

19,098,576 shares

As of Mar. 31, 2021:

261,173 shares

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

261,301 shares

3) Average number of shares outstanding during the period
Fiscal year ended Mar. 31, 2022:

18,837,310 sharesFiscal year ended Mar. 31, 2021:

18,837,403 shares

Reference: Summary of Non-consolidated Financial Results
Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 – March 31, 2022)(1) Non-consolidated results of operations(Percentages represent year-on-year changes.)
Net sales
Millions of yen

Fiscal year ended Mar. 31, 2022
Fiscal year ended Mar. 31, 2021

15,422
12,256

Operating profit% Millions of yen

25.8
-

2,376
1,351

Ordinary profit% Millions of yen

75.8
-

2,807
1,794

Profit% Millions of yen

56.5
-

1,949
1,286

%

51.6
-

Net income per share Diluted net income per share
Yen
Yen
Fiscal year ended Mar. 31, 2022
103.40Fiscal year ended Mar. 31, 2021
68.20
Note: Beginning with the first quarter of the fiscal year ended March 31, 2022, the Company has applied Accounting Standard
for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29, March 31, 2020). All figures
for the fiscal year ended March 31, 2021 have been adjusted retroactively to conform with this accounting standard.
Accordingly, the year-on-year changes for the fiscal year ended March 31, 2021 are not presented.

(2) Non-consolidated financial position
Total assets
Millions of yen

Net assets

Shareholders’ equity ratio Net assets per share

Millions of yen%

Yen

As of Mar. 31, 2022
14,45010,52672.8
558.21
As of Mar. 31, 2021
12,233
9,452
77.3
501.24
Reference: Shareholders’ equity (millions of yen):
As of Mar. 31, 2022:
10,526 As of Mar. 31, 2021:
9,452
Note: Beginning with the first quarter of the fiscal year ended March 31, 2022, the Company has applied Accounting Standard
for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020). All figures as of March 31, 2021 have been adjusted
retroactively to conform with this accounting standard.
* 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
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 FY3/22

1. Overview of Results of Operations(1) Results of Operations
During the fiscal year ended March 31, 2022 (“the fiscal year under review”), the Japanese economy was heavily
impacted by stagnant economic activities, subdued consumer spending, and the like under a series of state or
quasi-state of emergency measures to curb the spread of COVID-19 infections. Additionally, the economic
outlook remains extremely unpredictable, fueled by surging resource prices, Russia’s invasion of Ukraine, and soon.
Meanwhile, in Japan’s labor market, the seasonally adjusted job openings-to-applicants ratio was 1.21 and theseasonally adjusted unemployment rate was 2.7% in February 2022, suggesting that a seesawing trend continues.
Under such business environment, the Group worked on differentiating the QUICK Group from competitors andincreasing customer satisfaction by helping our client companies to solve their HR related problems by expanding
operations in new strategic market sectors and strengthening coordination between the group companies.
Furthermore, the Group strengthened the business base by restructuring the sales structure in order to boost theperformance.
As a result, we achieved sales and earnings growth, both reaching all-time highs. Net sales increased 21.8%
year-on-year to 23,590 million yen, operating profit increased 79.3% year-on-year to 3,345 million yen, ordinary
profit increased 61.3% year-on-year to 3,423 million yen, and profit attributable to owners of parent increased
53.6% year-on-year to 2,248 million yen.
Beginning with the fiscal year under review, the Company has applied Accounting Standard for Revenue
Recognition (ASBJ Statement No. 29, March 31, 2020) and other pronouncements (hereinafter collectively, the“Accounting Standards”). Therefore, comparisons and analysis were made using the figures that were adjusted
reflecting the retrospective application of the Accounting Standards.
Performance of the business segments is described as follows.
(Human Resources Services Business)
1) Personnel Placement
In the personnel placement category, corporate recruiting needs was robust in our focus fields such as theconstruction, electrical equipment, machinery and pharmaceutical industries, and recruiting appetite in theautomobile industry remained on a recovery track. In addition, nursing jobs in the medial, nursing-care, and otherfacilities show a vigorous recruiting need. Given this business environment, the personnel placement business for
specific fields targeting construction and pharmaceutical related categories, various types of engineers as well as
nurses recorded a robust revenue growth. Those were the major results of our efforts including having moremeetings with our client companies and registrants who wish to change careers, focusing on selected categories,
and implementing promotional activities and other measures responsive to changes in the market.
2) Temporary Staffing, Temporary-to-Permanent Staffing, and Business Contracting
In the temporary staffing, temporary-to-permanent staffing and business contracting categories, in addition tolasting strong hiring needs for nurses at medical and welfare category, COVID-19 booster shot drive andspreading omicron variant cases generated the needs for vaccination-related staff as well as call center, and other
COVID-19-related staff, contributing to the steady performance of temporary staffing of nurses. Meanwhile, arobust demand for the temporary staffing of childcare workers expanded the performance.
Overall, sales of the Human Resources Service Business increased 22.0% year-on-year to 16,174 million yen andoperating profit also increased 36.4% year-on-year to 3,020 million yen.
(Recruiting Business)
In the Recruiting Business, the mid-career hiring category showed a recovery trend since the lifting of the state of
emergency in October 2021 as many companies and organizations launched recruitment activities to prepare forthe end of the Japanese fiscal year when student part-time workers and others tend to quit their jobs. These were1

QUICK CO., LTD. (4318) Financial Results for FY3/22

despite a temporary decrease in recruiting needs in restaurant, selling and service sectors as a result of quasi-stateof emergency measures in January 2022. Against this backdrop, continuous customer development andstrengthened sales activities steadily increased the volume of our focus “Indeed” business while the volume ofother recruiting advertisements for full-time employees and part-time workers expanded favorably. In the newcollege graduate category, the volume of recruiting advertisements targeting March 2023 new college graduatesremained favorable. This was partly because more companies started recruiting activities in anticipation of the
post-COVID-19 economy, thus the recruitment demand for new graduates was rebounding.
In addition, services other than the handling of recruiting advertisement also posted a higher revenue. This wasprimarily thanks to support services for recruiting activities of client companies mainly by offering a consultation
on new graduate and mid-career recruiting strategy, proposing online internship programs, providing training
programs for recruiters, and creating recruitment websites.
Overall, sales of the Recruiting Business increased 27.2% year-on-year to 2,788 million yen and operating profit
increased 195.5% year-on-year to 557 million yen.
(Information Publishing Business)
In the Information Publishing Business, lifestyle information magazines suffered from low advertisement
placements for sales promotion and events targeting restaurant and housing sectors mainly due to the impact ofquasi-emergency measures in Ishikawa and Niigata prefectures in January 2022. However, positive factors suchas increasing recruiting needs for the end of the Japanese academic year when student part-time workers tend toquit their jobs pushed up the volume of recruiting advertisements, which contributed to the solid performance oflifestyle information magazines. “Indeed” was also strong.
Meanwhile, posting services including flyers distributed to households with lifestyle information magazines
benefitted from the handling of seasonal flyers such as those advertising schools for a new fiscal year. Hence, theservices grew steadily. Furthermore, the concierge services we operate under the “cococolor” brand continued toperform well as all the domains of career change, housing and bridal achieved revenue increase.
Overall, sales of the Information Publishing Business increased 14.0% year-on-year to 2,139 million yen andoperating profit increased 108.9% year-on-year to 187 million yen.
(IT and Internet-Related Business)
The IT & Internet-Related Business category enjoyed a growing interest in better business efficiency, labor saving,
IT introduction, and services for improving motivation and retention of employees under the COVID-19
pandemic environment. There were also expanding needs for sales promotion in recruiting and HR
development-related companies. As a result, advertising revenues from “Nihon no Jinjibu” (Japan’s Human
Resources Department)—our portal website for personnel and labor relations hit a record high. Furthermore, theonline HR related event, “Nihon no Jinjibu HR Conference” held in May and November 2021 marked an all-timehigh in the annual number of visitors and revenue, which contributed to higher sales and earnings of “Nihon no
Jinjibu” related services.
As for the system development category, a gradual recovery of system investment spurred the competition for
acquiring development engineers to meet such demands. With this in mind, we made every effort to proactively
solicit new projects mainly from existing customers and secure human resources for development projects by
ramping up initiatives to recruit and retain engineers and leveraging our engineers in the learning field. As a result,the operating performance remained strong. Meanwhile, the learning field posted decreased revenue. Specifically,
amid growing training needs to develop the inexperienced into engineers to make up for the shortage of engineers
in the job market, we started vocational training courses and organized group trainings as a certified training
organization under the Support System for Job Seekers by the Ministry of Health, Labour and Health. However,the pandemic forced us to struggle to attract participants and we were exposed to an intensifying competition.
Overall, sales of the IT and Internet-Related Business increased 22.0% year-on-year to 1,548 million yen andoperating profit also increased 62.4% year-on-year to 488 million yen.

2

QUICK CO., LTD. (4318) Financial Results for FY3/22(Overseas Business)
In North and Central America, reflecting a continued robustness in hiring sentiment following the recovery of theeconomic environment, the U.S. personnel placement business enjoyed steady sales growth. Additionally, theperformance of the temporary staffing business recovered thanks to orders, in part, for the temporary placementof workers to assist overseas voting in the election for the Japanese House of Representatives. However, theMexico business posted a revenue decrease due to difficulties in attracting registrants who wish to change careers
even though, despite lasting supply chain disruptions and semiconductor shortages stemming from the pandemic,
corporate recruiting needs mainly for those with immediate fighting strength was on a gradual recovery.
In Asia, the strengthened sales activities for companies and organizations that resumed their hiring activities
succeeded and boosted the performance of the personnel placement business in China, even though the Chinese
economy decelerated partly due to a localized lockdown under the zero-COVID policy. In addition, personnel andlabor consulting business generated revenue growth. This was against the backdrop that our core advisory service
remained favorable and that agency services for applying/obtaining an invitation letter for employees newly
assigned to China and education/training services remained on track. In Vietnam, pandemic-induced restrictions
on activities were gradually eased in the fourth quarter, and the performance significantly improved through ourefforts focusing on the personnel placement of Japanese staff for doctors, construction management engineers,
sewing skills instructors, and other jobs requiring a high level of expertise, technical skills, and a rich experience.
In Thailand, COVID-19 restrictions were lifted step by step and the economy showed signs of recovery.
Accordingly, the personnel placement business achieved a year-on-year increase in revenue as a result of thecontinued efforts to boost promotional activities to approach Chinese and Taiwanese companies as well as thoseof the U.S. and European countries, and Thai local companies.
In the U.K., the government adopted a policy to live with COVID without compromising the economy although
the omicron variant increased the number of infections. Despite such business environment, many companies
were willing to recruit better talent in anticipation of the post-COVID-19 economy. Supported by these recruiting
demands, the personnel placement services as well as temporary staffing services recorded a substantial increase
in revenue.
The Company’s Global Business Division also give sales supports to overseas companies and worked on
promoting the international career change supports (Cross Border Recruitment® services) to attract more local
registrants who want to change careers, and supporting other activities.
Overall, sales of the Overseas Businesses increased 22.8% year-on-year to 939 million yen and operating loss was
6 million yen, compared with a loss of 108 million yen in the same period of the previous fiscal year.
(2) Financial Position
AssetsTotal assets at the end of the fiscal year under review increased 19.2%, or 2,898 million yen, year-on-year to
18,002 million yen. This was mainly the result of increases in cash and deposits, and notes and accounts
receivable-trade.
Liabilities
Total liabilities at the end of the fiscal year under review increased 33.7%, or 1,488 million yen, year-on-year to
5,904 million yen. This was mainly the result of increases in income taxes payable and provision for bonuses
despite a decrease in short-term borrowings.
Net assets
Total net assets at the end of the fiscal year under review increased 13.2%, or 1,410 million yen, year-on-year to
12,098 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 decreased 3.5 percentage points from the end of
the previous fiscal year to 67.2%.

3

QUICK CO., LTD. (4318) Financial Results for FY3/22(3) Cash Flows
Cash and cash equivalents (hereinafter “net cash”) increased 2,351 million yen from the end of the previous fiscal
year to 10,448 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 increased 108.6% year-on-year to 3,844 million yen. Negative factors
include income taxes paid of 612 million yen. Positive factors include profit before income taxes of 3,322 million
yen.
Cash flows from investing activities
Net cash used in investing activities increased 1.1% year-on-year to 476 million yen. Negative factors include
purchase of property, plant and equipment and intangible assets of 499 million yen.
Cash flows from financing activities
Net cash used in financing activities increased 54.8% year-on-year to 1,048 million yen. Negative factors include
short-term borrowings of 158 million yen and dividends paid of 867 million yen.
(4) Outlook
Going forward, the spread of COVID-19 infection is expected to be gradually settled down thanks to the progressof vaccination efforts and the development and spread of therapeutic drugs. However, the timing remains
uncertain. Additionally, as there exist risks that can drive down the economy, such as volatile internationalsituation over Ukraine as well as rising energy and raw material prices, we need to be continuously cautious about
the future of the Japanese economy.
As for employment circumstance, we witnessed that some companies reinforced the recruitment of highly
specialized human resources as well as those who can be industry-ready to enhance competitiveness inanticipation of the post-COVID-19 economy. Such a trend is expected to continue in a wide range of sectors.
Furthermore, in the sectors such as restaurants, selling and service that are vulnerable to the impact of
COVID-19-induced restrictions, recruiting needs have been already rebounding with the lifting of
pandemic-related restrictions and expectations for the convergence of COVID-19. Additionally, recruiting needs
in Japan are expected to further improve because we are still facing an increasingly severe structural labor
shortage caused by the country’s falling birthrate and aging population.
Given such business environment, we will not only tap new markets and work hard to attract new registrants but
enhance the personnel placement and temporary staffing services targeting specific domains in the Human
Resources Services Business while bolstering sales activities for services other than recruiting advertisements
necessary for a recruiting process in the Recruiting Business. Moreover, in the Information Publishing Business,
we will seek a linkage of paper media with web services to stabilize the performance of media services, andreinforce profitable concierge (face-to-face consultation) services. In the IT & Internet-Related Business category,
we will further increase users of our core “Nihon no Jinjibu” related services, and, in the system development andlearning fields, we will expand domains for the development and enrich training line-up. In the Overseas Business,
although each country is responding to the pandemic differently, we will strengthen personnel placement,
temporary staffing, and personnel and labor consulting services, and focus on resuming the “Cross Border
Recruitment®” services, career change support services for those who seek a job internationally.
As a result, we expect consolidated net sales of 25,600 million yen (up 8.5% year-on-year), operating profit of
3,679 million yen (up 10.0%), ordinary profit of 3,700 million yen (up 8.1%), and profit attributable to owners ofparent of 2,465 million yen (up 9.6%) for the fiscal year ending March 31, 2023.

4

QUICK CO., LTD. (4318) Financial Results for FY3/22(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, as announced in the “Notice of Revisions to the Earnings Forecast and Year-end
Dividend Forecast (Dividend Increase)” released on January 31, 2022 (Japanese version only), we plan to pay anannual dividend of 48 yen per share, consisting of a dividend of 20 yen at the end of the second quarter and 28
yen at the fiscal year-end.
For the fiscal year ending March 31, 2023, we forecast an annual dividend of 53 yen per share, consisting of adividend of 26 yen at the end of the second quarter and 27 yen at the fiscal year-end. At present, we do not expect
to award quarterly or other dividends other than at the end of the second quarter and fiscal year-end.

5

QUICK CO., LTD. (4318) Financial Results for FY3/22

2. Corporate GroupThe QUICK Group (QUICK CO., LTD. and its affiliated companies) consists of QUICK CO., LTD. (theCompany), 14 consolidated subsidiaries, and one non-consolidated subsidiary. 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.

Notes: 1. All of the above 14 affiliated companies are consolidated subsidiaries.
2. One non-consolidated subsidiary is not shown because the effect on the consolidated results is negligible.

6

QUICK CO., LTD. (4318) Financial Results for FY3/22

3. Management Policies(1) Basic Management Policy
Since the time of its establishment, the QUICK Group has provided comprehensive human resources 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 profitability-orientedorganization that 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 at home and abroad, Russia’s invasion of Ukraine, surging resource prices, andother factors, we continue to work on enlarging its operations and improving profitability. With stable growth anda robust financial foundation, the Group also aims to improve 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, in order to expand its areas of business as a comprehensive human resources services andinformation services company, intends to further ramp up our mainstay Human Resources Services Business,along with aiming to achieve the medium- to long-term growth of each of the other Businesses.
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 continue to invest in core strategic fields
and grow in these fields with the goal of becoming the leader in these targeted markets. In the global humanresources business, there are a growing number of Japanese companies that must deal with recruiting andpersonnel and labor issues at their overseas operations. In Japan, companies are facing an increasingly severe
Japan’s structural labor shortage caused by the country’s falling birthrate and aging population. We take proactive
stance in order to accomplish our goal of becoming a “Sekai no Jinjibu®” that can help solve the recruiting andother HR issues of companies in Japan and other countries.
Furthermore, we will focus more on hiring and training of people and M&As to promote these goals, thereby
enabling the QUICK Group to grow even faster.
The issues in individual business segments are outlined below.

7

QUICK CO., LTD. (4318) Financial Results for FY3/22(Human Resources Services Business)
1) Personnel placement
In the personnel placement category, human resources companies are competing more intensely in order primarily
to attract registrants who wish to change careers for specialized jobs in the construction and civil engineering,
electrical equipment and machinery, pharmaceutical, and other business sectors and also for nursing jobs in the
medical, nursing-care and other facilities. Accordingly, to succeed, we are enhancing the functions of our
websites with more contents available online to make them more useful and satisfactory, and making promotional
activities more effective. By using a variety of actions, we will increase the brand power of all our websites andattract more registrants who wish to change careers. In other moves to become more competitive as anorganization, this business will expand the service area in the existing domains, cultivate new domains, enhancecompetitive advantage through better relationships with client companies while eliciting the strengths of young
employees early on by recruiting and intensively training them.
2) Temporary Staffing, Temporary-to-Permanent Staffing, and Business Contracting
In the temporary staffing, temporary-to-permanent staffing, business contracting categories, we are lagging
behind in attracting new registrants who wish to work as temporary staff and securing sufficient meetings withthem although there remains strong demand for human resources, such as nurses and childcare workers, from ourpriority medical and welfare sectors. In order to attract more people to register for temporary staffing placements
and have more meetings, we will strive to strengthen promotional activities on and add more contents to ourGroup’s websites consisting of “Medicare Career” targeting the medical and welfare sectors and “Hoitomo”
targeting childcare workers, while working on expanding the market penetration of temporary staffing services incoordination with the personnel placement business for nurses. Furthermore, as sellers’ market continues withhuman resources needs hovering at high level, we will strengthen HR development to deliver more quality
consulting services so that people who want temporary job assignments, client facilities and others place trust in
us and keep using our temporary staffing services.
(Recruiting Business)
In the Recruiting Business, the competitive environment for the handling of recruiting advertisements is being
further intensified due to diversified hiring methods, including emerging aggregation-type (search engine typecollecting specific information from multiple websites) or contingent fee-based recruiting ad services andpersonnel placements, in addition to a more intensified competition for media that the Company handles. Under
these circumstances, we will utilize the database accumulated in the Company to propose recruiting process mostsuitable for successful recruiting activities of our client companies. At the same time, we will comprehensively
help solve their recruiting challenges by proposing recruitment ads necessary for the recruiting process andramping up services targeting other than recruitment ads; such other services include building a recruitment
strategy and proposing corporate branding along with producing appropriate tools and fostering staff in charge ofrecruiting activities. Meanwhile, we will work to expand our overall business by recruiting appropriate humanresources and stepping up their training to promote the above mentioned initiatives.
(Information Publishing Business)
The Information Publishing Business is forecasting a downward trend in placing advertisements in information
magazines as, against a backdrop of the recent increase in website advertisement, advertising techniques havebeen shifting from paper media to web media in both the sales promotion and recruitment domains. To address
such circumstances, we will endeavor to differentiate ourselves from competitors by linking paper and web media
for service proposals or sales expansion in order to help customers promote sales and solve their recruiting
challenges, as well as develop new web services to underpin the performance of media services. At the same time,
we will improve our sales mix that is highly dependent on media services including lifestyle information
magazines. To this end, the performance of posting services and concierge (face-to-face consultation) services
need to be enhanced by cultivating more new customers and reinforcing sales structure and promotional activities,
respectively.

8

QUICK CO., LTD. (4318) Financial Results for FY3/22(IT & Internet-Related Business)
In the IT & Internet-Related Business category, the spread of teleworking, the use of HR tech, the promotion ofactive social participation of women and the elderly, and other factors have diversified and complicated personnel
and labor issues. Accordingly, we believe that “Nihon no Jinjibu,” a total information site pertaining to personnel
and labor, will take on greater importance. In response to such moves, we will post numerous information withhigher quality to solve personnel and labor issues and promote matching services so that “Nihon no Jinjibu” candevelop into a more valuable and satisfactory site with more users and brand recognition.
In the system development and learning fields, amid growing demand for hiring IT professionals and increased
their market value due to DX promotion by corporations, our challenges are to attract and retain more engineers
engaged in system development as well as training instructors with hands-on experience, and differentiate
ourselves from competitors for further expanding business performance. To this end, we will not only reinforce
hiring of engineers including engineer candidates who are supposed to receive necessary education and training
after joining a company and leverage business partners but expand DX-related areas of specialty in the systemdevelopment business, aiming to encourage our engineers’ growth, help them achieve job satisfaction, andeventually retain them. In the learning field, we will develop DX-related training, for which training needs are
expected to grow, to bolster the business performance during periods other than spring peak training season.
(Overseas Business)
In the Overseas Business, each country, other than China under the zero-COVID policy, is deescalating
pandemic-related restrictions and bringing economic activities back to normal. However, there still remains
concerns over the possibility of the repeated resurgence of infection associated with international travel
restrictions, which limits recruiting needs of local Japanese companies to hiring experienced staff locally. Givensuch circumstance, we are focusing on acquiring more local registrants who wish to change careers through more
informative websites with improved usability, SNS, seminars, personnel and labor related information, web
promotions, and so on. Meanwhile, anticipating the total lifting of international travel restrictions following theconvergence of the pandemic as well as a recovery phase of recruiting needs for foreign talent in each country, we
will intensify collaboration among the four countries of the U.S., the U.K., Mexico, and Japan and solidify
business base to resume the international career change supports (Cross Border Recruitment® services).
In China, the employment situation remains tough due to slow economy and worsening business confidence. Thisis the result of lockdown under the zero-COVID policy in response to a widespread COVID-19 outbreak. In thesecircumstances, we will work on the followings to prepare for an economic recovery phase after the lockdown: therevamping of our website to attract more registrants in the personnel placement business, the enhancement ofsales activities and services targeting existing customers in the personnel and labor consulting business. Human
resources will be hired and fostered to promote these initiatives as well.
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.

9

QUICK CO., LTD. (4318) Financial Results for FY3/22

5. Consolidated Financial Statements and Notes(1) Consolidated Balance Sheet(Thousands of yen)
FY3/22(As of Mar. 31, 2022)

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

8,151,779

10,509,984

Notes and accounts receivable-trade

1,989,492

2,349,801

Other324,936

349,105

Allowance for doubtful accounts(2,397)(2,707)

10,463,810

13,206,183

1,645,899

1,593,496

Accumulated depreciation(810,893)(773,197)

Buildings and structures, net

835,006

820,299

5,878

7,341

(3,636)(5,370)Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures

VehiclesAccumulated depreciation
Vehicles, net

2,242

1,971

Tools, furniture and fixtures

305,022334,952

Accumulated depreciation(205,863)(211,184)

99,159123,768

276,869

176,789

Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net

13,906

13,906(5,662)(8,223)

8,244

5,682

-

45,734

1,221,521

1,174,244

Software629,824

851,716

Software in progress

127,079

48,611

Goodwill

69,517

6,074

Other

10,65910,659Total intangible assets

837,080

917,061

Investment securities

1,732,291

1,726,448

Leasehold deposits

685,835

711,400

Deferred tax assets

105,202

163,461

Other

62,336

110,875

Allowance for doubtful accounts(4,318)(6,926)

Construction in progress
Total property, plant and equipment
Intangible assets

Investments and other assets

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

10

2,581,347

2,705,259

4,639,949

4,796,566

15,103,760

18,002,749

QUICK CO., LTD. (4318) Financial Results for FY3/22(Thousands of yen)
FY3/22(As of Mar. 31, 2022)

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

520,197

Short-term borrowings

299,957

141,002

Accounts payable-other

1,088,965

1,237,670

Accrued expenses

544,457

674,565

Lease liabilities

2,552

2,646

Income taxes payable

331,134

1,038,195

Accrued consumption taxes

284,294

489,968

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

594,263

1,071,547

35,31073,330

570

-

Other

416,390482,689

4,089,986

5,731,811

5,950

3,304

Total current liabilities
Non-current liabilities
Lease liabilities
Deferred tax liabilities

210,889

61,565

Asset retirement obligations

98,856105,275

Other

10,591

2,408

Total non-current liabilities

326,287

172,554

4,416,273

5,904,366

Share capital

351,317351,317

Capital surplus

391,392

391,392

Retained earnings

8,879,353

10,261,028

Total liabilities
Net assets
Shareholders’ equity

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

Total shareholders’ equity

9,606,057

10,987,566

Valuation difference on available-for-sale securities

1,092,767

1,084,720

Foreign currency translation adjustment(13,579)

25,147

Total accumulated other comprehensive income

1,079,188

1,109,867

2,241

949

10,687,486

12,098,383

15,103,760

18,002,749

Accumulated other comprehensive income

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

11

QUICK CO., LTD. (4318) Financial Results for FY3/22(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statement of Income
FY3/21(Apr. 1, 2020 – Mar. 31, 2021)(Thousands of yen)
FY3/22(Apr. 1, 2021 – Mar. 31, 2022)

Net sales

19,360,728

23,590,897

Cost of sales

7,349,117

8,516,675

Gross profit

12,011,610

15,074,222

Selling, general and administrative expenses

10,145,526

11,728,256

Operating profit

1,866,084

3,345,965

Non-operating income
Interest income

1,744

1,634

Dividend income

9,067

8,044

-

10,600

Sale cooperation fee
Subsidy income
Book sales commission

231,456

9,507

5,812

25,279Other

18,18624,881

Total non-operating income

266,268

79,948

4,638

2,135

4,528

-

Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets

100

156

9,266

2,291

2,123,085

3,423,622

1,785

4,748

1,785

4,748

229

33,997

Loss on retirement of non-current assets

55

15,872

Impairment losses-

52,690

Office relocation expenses

7,569

3,229

Total extraordinary losses

7,854

105,790

2,117,016

3,322,581

Income taxes-current

695,105

1,278,698

Income taxes-deferred(39,027)(202,840)

Total income taxes

656,078

1,075,857

1,460,938

2,246,723(2,456)(1,470)1,463,395

2,248,194

Profit before income taxes

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

12

QUICK CO., LTD. (4318) Financial Results for FY3/22

Consolidated Statement of Comprehensive Income
FY3/21(Apr. 1, 2020 – Mar. 31, 2021)(Thousands of yen)
FY3/22(Apr. 1, 2021 – Mar. 31, 2022)

1,460,938

2,246,723

ProfitOther comprehensive income
Valuation difference on available-for-sale securities

555,460(8,047)

Foreign currency translation adjustment(14,114)

38,568

Total other comprehensive income

541,345

30,521

2,002,284

2,277,244

2,004,142

2,278,873(1,857)(1,628)Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

13

QUICK CO., LTD. (4318) Financial Results for FY3/22(3) Consolidated Statement of Changes in Equity
FY3/21 (Apr. 1, 2020 – Mar. 31, 2021)(Thousands of yen)
Shareholders’ equity
Share capital
Balance at beginning of
periodCumulative effects ofchanges in accounting
policies
Restated balance

351,317

Capital surplus

Retained earnings

Treasury shares

Total shareholders’equity391,392

8,194,756(16,005)

8,921,459(6,465)351,317391,392

8,188,291(6,465)(16,005)

8,914,994

Changes 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
periodCumulative effects ofchanges in accounting
policies
Restated balance(772,333)(772,333)

1,463,395

1,463,395---

691,062-

691,062

351,317391,392

8,879,353(16,005)

9,606,057

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(6,465)537,307

1,134

538,441

4,099

9,457,535

Changes 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(772,333)
1,463,395
555,460(14,713)

540,746(1,857)

538,889

555,460(14,713)

540,746(1,857)

1,229,951

1,092,767(13,579)

1,079,188

2,241

10,687,486

14

QUICK CO., LTD. (4318) Financial Results for FY3/22

FY3/22 (Apr. 1, 2021 – Mar. 31, 2022)(Thousands of yen)
Shareholders’ equity
Capital surplus

Retained earnings

Treasury shares

Total shareholders’equity351,317391,392

8,879,353(16,005)

9,606,057

351,317391,392

8,879,353(16,005)

9,606,057

Share capital
Balance at beginning of
periodCumulative effects ofchanges in accounting
policies
Restated balance
Changes 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
periodCumulative effects ofchanges in accounting
policies
Restated balance(866,518)(866,518)

2,248,194

2,248,194
(165)

(165)

-

-

1,381,675(165)

1,381,509

351,317391,392

10,261,028(16,171)

10,987,566

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

Total net assets

1,092,767(13,579)

1,079,188

2,241

10,687,486

1,092,767(13,579)

1,079,188

2,241

10,687,486

Changes 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(866,518)
2,248,194(165)(8,047)38,72630,679(1,291)

29,387(8,047)38,72630,679(1,291)

1,410,897

1,084,720

25,147

1,109,867

949

12,098,383

15

QUICK CO., LTD. (4318) Financial Results for FY3/22(4) Consolidated Statement of Cash Flows(Thousands of yen)
FY3/21
FY3/22(Apr. 1, 2020 – Mar. 31, 2021) (Apr. 1, 2021 – Mar. 31, 2022)
Cash flows from operating activities
Profit before income taxes

2,117,016

3,322,581

219,661

323,559-

52,690

Amortization of goodwill

13,254

14,421

Increase (decrease) in allowance for doubtful accounts

1,189

2,918

Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for directors(and other officers)
Interest and dividend income

22,981

476,314(6,690)38,020(10,811)(9,678)

4,638

2,135

Gain on sale of non-current assets(1,785)(4,748)Loss on sale of non-current assets

229

33,997

Depreciation
Impairment losses

Interest expenses

Loss on retirement of non-current assets

55

15,872

7,569

3,229

Decrease (increase) in trade receivables

174,003(294,969)

Increase (decrease) in trade payables

48,06031,928Decrease (increase) in leasehold and guarantee deposits(29,664)(24,399)

Increase (decrease) in accrued consumption taxes(66,108)

204,174

Other, net

248,866

261,003

Subtotal

2,742,465

4,449,051

10,812

9,678

Relocation expenses

Interest and dividends received
Interest paid

(4,662)(2,112)

Income taxes paid

(905,499)(612,313)

Net cash provided by (used in) operating activities

1,843,116

3,844,303

Net decrease (increase) in time deposits(1,374)(527)

Purchase of property, plant and equipment(59,635)(105,943)

1,777

86,692(418,219)(393,428)(5,632)(5,744)

11,362-

Cash flows from investing activities

Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from purchase of shares of subsidiaries resulting
in change in scope of consolidation
Purchase of shares of subsidiaries and associates-(50,000)-(12,550)

204

4,896

(471,518)(476,606)

Net increase (decrease) in short-term borrowings

107,455(158,955)

Repayments of long-term borrowings(12,255)(19,788)

Repayments of lease obligations(3,115)(2,552)-(165)

Dividends paid

(769,744)(867,227)

Net cash provided by (used in) financing activities

Payments for asset retirement obligations
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities

Purchase of treasury shares(677,659)(1,048,688)

Effect of exchange rate change on cash and cash equivalents(11,528)

32,179Net increase (decrease) in cash and cash equivalents

682,4092,351,188

Cash and cash equivalents at beginning of period

7,415,291

8,097,700

Cash and cash equivalents at end of period

8,097,700

10,448,889

16

QUICK CO., LTD. (4318) Financial Results for FY3/22(5) Notes to Consolidated Financial Statements
Segment Information
1. Outline of reportable segments
The reportable segments of the Company 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
allocation and to assess performance.
The QUICK Group engages in a diverse range of businesses, including personnel 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, provision 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.
(Application of Accounting Standard for Revenue Recognition and other standards)
Beginning with the fiscal year under review, the Company has applied the Accounting Standard for Revenue
Recognition (ASBJ Statement No. 29, March 31, 2020) and other pronouncements (hereinafter collectively, the“Accounting Standards”) and changed the method of accounting for the revenue recognition and measuring profit
and loss in reportable segment.
Accordingly, the segment information for the previous fiscal year is reported based on the method of measuring
profit and loss after the revision.
2. Calculation method of net sales, profit/loss, assets and other items in each reportable 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.

17

QUICK CO., LTD. (4318) Financial Results for FY3/22

3. Information pertaining to net sales, profit/loss, assets and other items in reportable segments and disaggregatedrevenue
FY3/21 (Apr. 1, 2020 – Mar. 31, 2021)(Thousands of yen)Amount intheAdjustment consolidated(Note 1)
financialstatements(Note 2)

Reportable Segment

Net sales
Revenue fromcontracts withcustomers
Other revenue
Sales toexternalcustomers
Inter-segment
sales andtransfers
Total
Segment profit(loss)
Segment assets

Human
Resources
Services
Business

Recruiting
Business

13,257,986

2,192,574

1,876,467

1,268,983

-

-

-

-

13,257,986

2,192,574

1,876,467

1,268,983

4,372

11,245

12,366

96,664

13,262,358

2,203,820

1,888,834

1,365,648

2,215,237

188,725

89,8397,542,516

1,982,954

1,190,216

Information
IT &Overseas
Publishing Internet-Related BusinessBusiness
Business(Note 3)764,716 19,360,728--

764,716 19,360,728
668

125,317765,384 19,486,046

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

Total

2,686,196

563,535 12,692,113- 19,360,728--- 19,360,728(125,317)-(125,317) 19,360,728(820,112)

1,866,084

2,411,646 15,103,760

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.
3. Countries and regions included in the Overseas Business are Japan, U.S., China, Mexico, U.K., Vietnam andThailand.

18

QUICK CO., LTD. (4318) Financial Results for FY3/22

FY3/22 (Apr. 1, 2021 – Mar. 31, 2022)(Thousands of yen)Amount intheAdjustment consolidated(Note 1)
financialstatements(Note 3)

Reportable Segment

Net sales
Revenue fromcontracts withcustomers
Other revenue
Sales toexternalcustomers
Inter-segment
sales andtransfers
Total
Segment profit(loss)
Segment assets

Human
Resources
Services
Business

Recruiting
Business

16,174,339

2,788,715

2,139,869

1,548,613

-

-

-

-

16,174,339

2,788,715

2,139,869

1,548,613

192

15,543

10,21896,68816,174,531

2,804,258

2,150,087

1,645,301

3,020,615

557,682

187,640

488,688

9,355,177

1,956,936

1,357,069

1,840,663

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

Total

939,361 23,590,897--

939,361 23,590,897-

122,642- 23,590,897--- 23,590,897(122,642)-

939,361 23,713,540(122,642) 23,590,897(6,922)(901,738)

4,247,704

662,426 15,172,274

3,345,965

2,830,475 18,002,749

Other items
Depreciation
238,623
5,070
22,4403,081
9,840
279,056
44,502
323,559
Impairment
13,62539,064
52,69052,690loss
Increase inproperty, plantand equipment
440,260
1,310
42,315
1,192
2,259
487,338
71,185558,524and intangible
assets
Notes: 1. Contents of adjustments are as follows.
(1) The (901,738) thousand yen adjustment to segment profit (loss) includes elimination for inter-segment
transactions of 134,435 thousand yen, and (1,036,174) 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 2,830,475 thousand yen adjustment to segment assets includes elimination for inter-segment transactionsof (52,469) thousand yen, and 2,882,945 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 44,502 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 71,185 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.
3. Countries and regions included in the Overseas Business are Japan, U.S., China, Mexico, U.K., Vietnam andThailand.
4. The “IT & Internet-Related Business” and “Overseas Business” segments reported an impairment loss on
goodwill of 13,625 thousand yen and 39,064 thousand yen, respectively.
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.

19