Summary of Consolidated Financial Results for the Second Quarterof the Fiscal Year Ending March 31, 2024
(Six Months Ended September 30, 2023)[Japanese GAAP]
October 31, 2023

Company name: QUICK CO., LTD.

Listing: Tokyo Stock Exchange, Prime Market
URL: https://919.jp/

Stock code:
4318
Representative: Tsutomu Wano, Chairman
Contact:
Kenta Kijima, Director and Executive Officer,
General Manager of Administration and Accounting Division
Tel: +81-6-6366-0919
Scheduled date of filing of Quarterly Securities Report:
November 13, 2023
Scheduled date of payment of dividend:
December 1, 2023
Preparation of supplementary materials for quarterly financial results: Yes
Holding of quarterly financial results meeting:Yes(All amounts are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2024
(April 1, 2023– September 30, 2023)(1) Consolidated results of operations(Percentages represent year-on-year changes.)
Net sales

Operating profit

Millions of yen% Millions of yen

Profit attributableto owners of parent

Ordinary profit% Millions of yen% Millions of yen

15,7986.7
4,030 10.5
4,077 11.0
Six months ended Sep. 30, 2023
14,799 21.3
3,646 37.3
3,674 36.8
Six months ended Sep. 30, 2022
Note: Comprehensive income (millions of yen) Six months ended Sep. 30, 2023:
3,068 (up 32.2%)
Six months ended Sep. 30, 2022:
2,320 (up 4.6%)
Net income per share Diluted net income per share
Six months ended Sep. 30, 2023
Six months ended Sep. 30, 2022

Yen

Yen

150.30134.63

–
–

2,811
2,537

%

10.8
34.3

(2) Consolidated financial position
Shareholders’ equity ratio Net assets per share

Total assets

Net assets

Millions of yen

Millions of yen

As of Sep. 30, 2023
20,957
15,968
As of Mar. 31, 2023
20,17913,724
Reference: Shareholders’ equity (millions of yen)
As of Sep. 30, 2023: 15,964

%

Yen

76.2
68.0
As of Mar. 31, 2023: 13,723

853.38733.602. Dividends
1Q-end2Q-endYen

Fiscal year ended Mar. 31, 2023–
Fiscal year ending Mar. 31, 2024–
Fiscal year ending Mar. 31, 2024 (forecast)
Note: Revisions to the most recently announced dividend forecast: None

Dividend per share
3Q-endYear-end

Total

Yen

Yen

Yen

Yen

26.00
36.00

–

44.00

70.00

–

36.00

72.00

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 –March 31, 2024)
Net sales
Millions of yen(Percentages represent year-on-year changes.)
Profit attributable to
Net income
Ordinary profit
owners of parent
per share

Operating profit%

Millions of yen%

Yen

Full year
30,0007.9
4,960 10.5
5,000 10.0
Note: Revisions to the most recently announced consolidated earnings forecast: None%

Millions of yen%

Millions of yen

3,353

2.8

179.27

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

(4) Number of shares issued (common shares)
1) Number of shares issued at the end of the period (including treasury shares)
As of Sep. 30, 2023:

19,098,576 shares

As of Mar. 31, 2023:

19,098,576 shares

As of Mar. 31, 2023:

391,355 shares

2) Number of treasury shares at the end of the period
As of Sep. 30, 2023:

391,392 shares

3) Average number of shares outstanding during the period
Six months ended Sep. 30, 2023:

18,707,204 shares

Six months ended Sep. 30, 2022:

18,847,763 shares* The current quarterly financial report is not subject to quarterly review by certified public accountants or accounting firms.
* Explanation of appropriate use of earnings forecasts, and other special items
Forecasts and forward-looking statements in these materials are based on assumptions judged to be valid and information
available to the Company’s management at the time the materials were prepared. These materials are not promises by theCompany regarding future performance. Actual results may differ significantly from these forecasts for a number of reason s. For
discussion of the assumptions and other factors considered by the Company in preparing the above projections, please refer topage 5 of the attachments “1. Qualitative Information on Quarterly Consolidated Financial Performance, (3) Explanation ofConsolidated Earnings Forecast and Other Forward-looking Statements.”

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/24

Contents of Attachments

1. Qualitative Information on Quarterly Consolidated Financial Performance ............................................... 2(1) Explanation of Results of Operations ........................................................................................................ 2(2) Explanation of Financial Position .............................................................................................................. 4(3) Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements ......................... 5
2. Quarterly Consolidated Financial Statements and Notes ............................................................................ 6(1) Quarterly Consolidated Balance Sheet ...................................................................................................... 6(2) Quarterly Consolidated Statements of Income and Comprehensive Income ............................................. 8
Quarterly Consolidated Statement of Income(For the Six-month Period)...................................................................................................................... 8
Quarterly Consolidated Statement of Comprehensive Income(For the Six-month Period)...................................................................................................................... 9(3) Quarterly Consolidated Statement of Cash Flows ................................................................................... 10(4) Notes to Quarterly Consolidated Financial Statements ........................................................................... 11
Segment Information ............................................................................................................................... 111

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/24

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation of Results of Operations
During the first half of the fiscal year ending March 31, 2024 (the “period under review”), the Japanese economy
experienced a moderate recovery driven by a pickup in domestic consumption mainly due to the normalization of
economic activities and resumption of inbound tourism as a result of the relaxation of COVID-19-related movement
restrictions. However, the economic recovery was hindered by unresolved problems such as the prolonged Ukraine
crisis, price increase on the back of higher resource and raw material costs, the yen’s continued depreciation, andconcerns about a slowdown in overseas economies.
Japan’s labor market also reflects the shortage of labor in the corporate sector, with the seasonally adjusted job
openings-to-applicants ratio being 1.29 and the seasonally adjusted unemployment rate 2.7% in August 2023.
Under such business environment, the Group has been working on differentiating the QUICK Group fromcompetitors and increasing customer satisfaction by helping our client companies solve their HR related problem s
by developing new markets and strengthening coordination between the group companies as well as further
expanding the existing businesses. The Group is also strengthening its business base by investing in human resources.
As a result, for the period under review, we achieved sales and earnings growth, both reaching all-time highs. We
posted net sales of 15,798 million yen (up 6.7% year-on-year), operating profit of 4,030 million yen (up 10.5% yearon-year), ordinary profit of 4,077 million yen (up 11.0% year-on-year), and profit attributable to owners of parentof 2,811 million yen (up 10.8% year-on-year).
Note that, effective from the first quarter of the fiscal year ending March 31, 2024, the name of the reportablesegment that was previously referred to as the IT and Internet-Related Business has been changed to the HR Platform
Business in order to more accurately represent the nature of the business. This change is merely a change in segment
name and has no impact on segment information.
Performance of the business segments is described as follows.
(Human Resources Services Business)
1) Personnel Placement
In the personnel placement category, corporate recruiting needs were robust in our focus fields of construction,
electronics/machinery, and automobile industries. In addition, recruiting needs for nurses and childcare workers
continued to be high in medical and welfare sectors. Under these circumstances, we made continued efforts,
including developing new markets for focus job fields and areas, organizin g promotional activities to attract
registrants, having more meetings with our client companies and registrants who wish to change careers, andproviding swift and extensive support. As a result, the personnel placement for specific fields targeting constr uctionrelated jobs, various types of engineering jobs, nurses, and childcare workers grew steadily.
2) Temporary Staffing, Temporary-to-Permanent Staffing, and Business Contracting
In the temporary staffing, temporary-to-permanent staffing, and business contracting categories, needs for
temporary staffing of call center decreased due to the transition of COVID-19 to Category 5. However, as the overallneeds for temporary staffing of nurses still remained high, our bolstered sales efforts in anticipation of a decline inneeds for temporary staffing services for COVID-19-related jobs paid off, contributing to a steady expansion in theperformance of temporary staffing of nurses. Revenue also continued to increase in the temporary staffing ofchildcare workers on the back of robust demand for temporary staffing services, as well as of our efforts to respondflexibly to the working preferences of temporary staff, such as full - or part-time work.
Overall, sales of the Human Resources Service Business increased 10.2 % year-on-year to 11,611 million yen andoperating profit also increased 14.2% year-on-year to 3,801 million yen.
(Recruiting Business)
In the Recruiting Business, recruiting needs expanded in the non-manufacturing industries such as the restaurant,
hotel, and service sectors on the back of the relaxation of movement restrictions as a result of the transition of
COVID-19 to Category 5. Additionally, recruitment needs also remained strong in the medical and welfare sectors
suffering chronic labor shortages.

2

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/24

Under such circumstances, the volume of our focus “Indeed” business expanded steadily. The handling of media forrecruiting new college graduates also performed steadily on the back of the increased corporate appetite to recruit
new college graduates. On the other hand, revenue from the handling of media for recruiting part-time and temporary
staff decreased and the handling of media for recruiting full-time employees targeting mid-career recruiting
continued to face difficult situation due a decline in advertising effectiveness caused by intensified competition withpeers and a robust job market.
For services other than the handling of recruiting advertisement, the consulting service field such as program
development for internships and company information sessions for new graduate recruiting grew steadily, while
revenue from the production field such as recruitment websites and company guides decreased due to many products
being delivered in the second half of the fiscal year.
Overall, sales of the Recruiting Business decreased 5.2% year-on-year to 1,507 million yen and operating profit
decreased 33.5% year-on-year to 189 million yen.
(Information Publishing Business)
In the Information Publishing Business, a recovery in sales promotion sentiment of our cl ient companies following
the transition of COVID-19 to Category 5 resulted in an expansion of the handling of advertisement placements forsales promotion targeting restaurants, shops, and other businesses. While the handling of recruiting advertisement
also grew steadily thanks to a robust job market in the Hokuriku region and Niigata, the handling of housing
advertisement slowed down due to a market shift to flyers or web advertising, which leveled off the overall
performance of the lifestyle information magazine category.
Revenue from posting services, including flyers distributed to households, increased due primarily to the favorable
performance of the handling of housing-related flyers.
Furthermore, in the consulting services we operate under the “coco color.” brand, the career change domain
performed well thanks to successful promotional activities to attract registrants, as well as to a robust job market in
the Hokuriku region and Niigata. In addition, revenue from both the housing and bridal domains i ncreased due tothe occurrence of last-minute demand in anticipation of a future increase in construction costs and to increases in
the numbers of bridal events held and enrollments, respectively. Additionally, this business category showed ahealthy performance in the volume of “Indeed,” the production of websites, and other web-related services.
Overall, sales of the Information Publishing Business increased 12.3% year-on-year to 1,245 million yen andoperating profit also increased 393.2% year-on-year to 201 million yen.
(HR Platform Business)
In the HR Platform Business, the market for “Nihon no Jinjibu” (Japan’s Human Resources Department) related
service continued to enjoy strong demand for capital investment to improve business efficiency and promote DX,
whereby resolving issues in the HR domain, as well as sales promotion needs for services related to recruiting and
HR development. Needs to attract participants to training events and seminars related to personnel and labor issues
also continue to be high. Against this backdrop, an online HR event, “Nihon no Jinjibu HR Conference 2023 —Spring—” held in May 2023 achieved an all-time high in sales. However, advertising revenues from “Nihon no
Jinjibu”— our portal website for personnel and labor relations decreased, affected by the curbing of the placementof advertisements by some clients who had been actively expanding sales promotions for their products during the
pandemic.
Overall, sales of the HR Platform Business decreased 37.9% year-on-year to 604 million yen, and operating profit
decreased 32.0% year-on-year to 290 million yen.
Note that, due to the sale of all shares of Kronos Co., LTD. in October 2022, the company’s operating results are
not included in the consolidated operating results of the QUICK Group for the period under review, resulting in adifference in results from the same period a year ago.
(Overseas Business)
In the U.S., recruiting needs continued to be strong in a wide range of fields, including the automobile, logistics,
and travel industries. In such a business environment, revenue increased in both the personnel placement andtemporary staffing businesses, as operations of offices in Dallas, Chicago, and Irvine (now Orange County), which
3

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/24

opened in January 2022, December 2022, and April 2023, respectively, are now on track. In Mexico, the operating
performance was also strong on the back of increased recruiting needs for interpreters, translators, and managers
caused by the transfer of factories from China to Mexico in respo nse to the U.S.-China issues and the new entry ofJapanese companies in the Mexican market.
In the U.K., as the job market for career change continues to be strong with corporate recruiting demand continuing
to be brisk, the temporary staffing business remained robust. Meanwhile, the personnel placement business posted
an increase in revenue, including international career change support (Cross Border Recruitment ® services), as aresult of our efforts to cultivate new European companies, particularly in the Netherlands and Germany. Against
this backdrop, Centre People Appointments Ltd. established Centre People Appointments B.V. in the Netherlands
in April 2023 to strengthen the cultivation of the European market.
In China, advisory services showed solid performance due to the growing importance of risk management inresponse to changes in laws and regulations, such as the cross-border transfer of personal information and therevision of the Counter-espionage Law. In addition, public training services also performed well, leading to an
expansion in the performance of the personnel and labor consulting business. In the meantime, while corporate
recruiting needs were limited due to the severe domestic economy, the performance of the personnel placement
category showed a recovery trend as a result of our efforts, including response to the recruitment of experienced
workers, who are difficult to recruit. Also in Vietnam, amidst a continued severe situation, in which corporate
recruiting needs are mainly to fill vacancies, due to the deceleration in the domestic economy caused mainly by aslowdown in outbound exports by manufacturing companies, our efforts to develop new cl ients, including those in
the medical field, resulted in a trend of improvement in the performance. Furthermore, in Thailand, recruiting needs
also continue to be mainly to fill vacancies with the exception of some, such as engineers for the IT industry an dChinese companies, our efforts to step up recruitment and HR development to enhance manpower, as well as tocultivate companies with high recruitment needs and to bolster sales efforts have led to an expansion in the operating
performance.
Overall, sales of the Overseas Business increased 40.7% year-on-year to 829 million yen and operating profit also
increased 156.3% year-on-year to 158 million yen.
(2) Explanation of Financial Position
1) Assets, liabilities and net assets
Total assets at the end of the period under review increased 778 million yen from the end of the previous fiscal year
to 20,957 million yen. This was mainly the result of increases in cash and deposits and notes and accounts
receivable-trade, despite a decrease in deferred tax assets.
Total liabilities decreased 1,465 million yen from the end of the previous fiscal year to 4,988 million yen. This was
mainly the result of decreases in provision for bonuses and accrued consumption taxes.
Total net assets increased 2,243 million yen from the end of the previous fiscal year to 15,968 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 8.2 percentage points from the end of the previous fiscal year to 76.2%.
2) Cash flows
Cash and cash equivalents (hereinafter “net cash”) increased 706 million yen from the end of the previous fiscal
year to 12,919 million yen at the end of the period under review. Outflows included a decrease in provision forbonuses, income taxes paid, and dividends 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 12.8% year-on-year to 1,713 million yen. Negative factors
include a decrease in provision for bonuses of 1,145 million yen and income taxes paid of 849 million yen. Positive
factors include profit before income taxes of 4,077 million yen.
Cash flows from investing activities
Net cash used in investing activities decreased 5.9% year-on-year to 237 million yen. Positive factors include 17
4

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/24

million yen of proceeds from sale of investment securities. Negative factors include purchase of property, plant andequipment and intangible assets of 240 million yen.
Cash flows from financing activities
Net cash used in financing activities increased 49.1% year-on-year to 823 million yen. Negative factors include
dividends paid of 821 million yen.
(3) Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements
At this point, there are no revisions to the full-year consolidated earnings forecast for the fiscal year ending March
31, 2024, which was announced in the “Summary of Consolidated Financial Results for the Fiscal Year Ended March
31, 2023 (Japanese GAAP)” on April 28, 2023.
An announcement will be made promptly if the review of the progress of the QUICK Group’s operation status
requires a revision to this forecast.

5

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/24

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheet
FY3/23(As of Mar. 31, 2023)(Thousands of yen)
Second quarter of FY3/24(As of Sep. 30, 2023)

AssetsCurrent assets
Cash and deposits

12,275,622

12,980,282

Notes and accounts receivable-trade

2,770,678

3,049,294

546,565

365,846

Other
Allowance for doubtful accounts
Total current assets(3,231)(3,290)15,589,635

16,392,133

848,785

811,758

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

8,819

8,662

Tools, furniture and fixtures, net

224,845

210,276

Land

176,789

176,789

3,121

2,365

1,262,360

1,209,852

Software738,371

713,581

Software in progress

148,042

254,944

4,205

3,270

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

Goodwill
Other

10,646

10,646

Total intangible assets

901,265

982,442

Investment securities

1,212,293

1,490,723

Leasehold deposits

719,732

773,273

Deferred tax assets

446,062

64,814

Other

52,84649,430Investments and other assets

Allowance for doubtful accounts(5,026)(5,095)

Total investments and other assets

2,425,907

2,373,146

4,589,534

4,565,441

20,179,169

20,957,575

Total non-current assets
Total assets

6

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/24(Thousands of yen)
Second quarter of FY3/24(As of Sep. 30, 2023)

FY3/23(As of Mar. 31, 2023)
Liabilities
Current liabilities
Accounts payable-trade672,740

556,604

Short-term borrowings

120,522

119,422

Accounts payable-other

1,304,770

1,207,307

Accrued expenses

812,050

741,274

Income taxes payable

866,202926,668

Accrued consumption taxes

635,407509,948

1,445,434

301,796

110,828

–

5,508

–

Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Asset retirement obligations
Other
Total current liabilities

370,542

419,161

6,344,006

4,782,182

Non-current liabilities
Deferred tax liabilities

659

79,937Retirement benefit liability–

16,758Asset retirement obligations

107,898

108,937

1,833

1,135

110,392

206,768

6,454,398

4,988,951

351,317351,317

Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus

433,071

429,830

Retained earnings

12,503,271

14,491,765

Treasury shares(343,650)(343,736)

12,944,008

14,929,176

Valuation difference on available-for-sale securities

723,782928,287

Foreign currency translation adjustment

55,750106,920

Total accumulated other comprehensive income

779,532

1,035,207

Total shareholders’ equity
Accumulated other comprehensive income

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

7

1,229

4,239

13,724,770

15,968,624

20,179,169

20,957,575

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/24(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(For the Six-month Period)First six months of FY3/23(Apr. 1, 2022–Sep. 30, 2022)
Net sales

14,799,419(Thousands of yen)First six months of FY3/24(Apr. 1, 2023–Sep. 30, 2023)
15,798,134

Cost of sales

4,489,415

4,550,842

Gross profit

10,310,004

11,247,291

Selling, general and administrative expenses

6,663,744

7,216,399

Operating profit

3,646,259

4,030,892

966

1,183

Non-operating income
Interest income
Dividend income

4,567

4,902

Foreign exchange gains

21,146

13,566

Book sales commission

10,43615,010Other

21,01912,706

Total non-operating income

58,13547,370Non-operating expenses
Interest expenses

703

598

Commission expenses

25,00051

Information security expenses

4,144

–

Other
Total non-operating expenses
Ordinary profit

114

111

29,962761

3,674,432

4,077,501

117

816

–

3,729

117

4,545

Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets–

70

Loss on sale of investment securities

–

4,584

–

4,654

Profit before income taxes

3,674,550

4,077,392

Income taxes-current

1,121,398

893,173

Total extraordinary losses

Income taxes-deferred

16,728371,175

Total income taxes

1,138,126

1,264,349

Profit2,536,423

2,813,043

Profit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

8

(957)

1,430

2,537,381

2,811,612

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/24

Quarterly Consolidated Statement of Comprehensive Income(For the Six-month Period)First six months of FY3/23(Apr. 1, 2022–Sep. 30, 2022)
Profit(Thousands of yen)First six months of FY3/24(Apr. 1, 2023–Sep. 30, 2023)

2,536,423

2,813,043(264,882)

204,505

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

48,89851,146(215,984)

255,652

Comprehensive income

2,320,439

3,068,695

Comprehensive income attributable to:
Owners of parent

2,321,523

3,067,287(1,084)

1,407

Total other comprehensive income

Non-controlling interests

9

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/24(3) Quarterly Consolidated Statement of Cash FlowsFirst six months of FY3/23(Apr. 1, 2022–Sep. 30, 2022)(Thousands of yen)First six months of FY3/24(Apr. 1, 2023–Sep. 30, 2023)

Cash flows from operating activities
Profit before income taxes
Depreciation
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 retirement benefit liability
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)

3,674,550

4,077,392

179,181

221,552

934

934

67

127

(105,609)(1,145,025)(73,330)(110,828)–

16,758(5,534)(6,086)703

598(21,146)(13,566)

Loss (gain) on sale of non-current assets

(117)

(816)

Loss on retirement of non-current assets–

70

Loss (gain) on sale of investment securities–

855

Decrease (increase) in trade receivables(451,801)(245,315)

Increase (decrease) in trade payables(20,133)(117,268)

Increase (decrease) in accrued consumption taxes

58,857(128,856)

Other, net(236,876)

6,896

Subtotal

2,999,746

2,557,421

Interest and dividends received

5,534

6,086

Interest paid

(711)

(606)

Income taxes paid

(1,038,278)(849,217)

Net cash provided by (used in) operating activities

1,966,290

1,713,683

Cash flows from investing activities
Net decrease (increase) in time deposits(1,460)

4,485

Purchase of property, plant and equipment(81,562)(46,681)

Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Payments for asset retirement obligations

918

816

(164,485)(193,941)(2,981)(2,572)–

17,872(2,780)(17,535)(252,351)(237,556)

Net increase (decrease) in short-term borrowings(24,700)(1,100)

Repayments of lease liabilities(1,311)(785)(526,064)(821,329)

(60)

(85)

(552,135)(823,301)

Net cash provided by (used in) investing activities
Cash flows from financing activities

Dividends paid
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

51,16253,244

Net increase (decrease) in cash and cash equivalents

1,212,965

706,070

Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents resulting from
inclusion of subsidiaries in consolidation
Cash and cash equivalents at end of period

10,448,889

12,213,602

48,701–

11,710,556

12,919,672

10

QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/24(4) Notes to Quarterly Consolidated Financial Statements
Segment Information
I. First six months of FY3/23 (Apr. 1, 2022–Sep. 30, 2022)
1. Information pertaining to net sales and profit/loss in reportable segments and disaggregated revenue(Thousands of yen)Amount in thequarterly
Adjustment consolidated(Note 1)statement ofincome(Note 2)

Reportable Segment
Human
Resources
Services
Business
Net sales
Revenue fromcontracts with
10,537,638
customers
Other revenue–
Sales to external
10,537,638
customers
Inter-segment
sales and
1,540
transfers
Total
10,539,179

Information
Recruiting
Publishing
Business
BusinessHR
PlatformBusiness

Overseas
Business(Note 3)

1,590,378

1,109,031

972,672–––

1,590,378

1,109,031

972,672

14,423

4,994

46,386

1,604,802

1,114,025

1,019,059

Total

–

14,799,419

–

–

–

589,698 14,799,419–

14,799,419

67,346(67,346)–

589,698 14,866,765(67,346)

14,799,419

589,698 14,799,419––

Segment profit
3,327,620
284,445
40,843428,028
61,889 4,142,827(496,567)
3,646,259
Notes: 1. The (496,567) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
68,939 thousand yen, and (565,507) thousand yen in company-wide costs that cannot be allocated to any specificreportable segments. Company-wide costs consist primarily of expenses related to the administration division which
are not attributable to any reportable segments, including general affairs and accounting at the Company.
2. Segment profit is adjusted with operating profit shown on the quarterly consolidated statement of income.
3. Countries and regions included in the Overseas Business are Japan, U.S., Mexico, U.K., China, Vietnam, andThailand.

2. Information pertaining to impairment losses of non-current assets, goodwill, etc. in reportable segments
Not applicable.
II. First six months of FY3/24 (Apr. 1, 2023–Sep. 30, 2023)
1. Information pertaining to net sales and profit/loss in reportable segments and disaggregated revenue(Thousands of yen)Amount in thequarterly
Adjustment
consolidated(Note 1)statement ofincome(Note 2)

Reportable Segment
Human
Resources
Services
Business
Net sales
Revenue fromcontracts with
11,611,400
customers
Other revenue–
Sales to external
11,611,400
customers
Inter-segment
sales and
3,475
transfers
Total
11,614,876

Information
Recruiting
Publishing
Business
BusinessHR
PlatformBusiness

Overseas
Business(Note 3)

1,507,177

1,245,179

604,474–––

1,507,177

1,245,179

604,474

8,155

8,093

3,882

1,515,332

1,253,272

608,357

Total–

15,798,134

–

–

–

829,902 15,798,134–

15,798,134

28,790(28,790)–835,085 15,826,924(28,790)

15,798,134

829,902 15,798,134
–

5,183

Segment profit
3,801,523
189,046
201,443
290,906
158,631 4,641,551(610,659)
4,030,892
Notes: 1. The (610,659) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
98,495 thousand yen, and (709,155) thousand yen in company-wide costs that cannot be allocated to any specificreportable segments. Company-wide costs consist primarily of expenses related to the administration division which
are not attributable to any reportable segments, including general affairs and accounting at the Company.
2. Segment profit is adjusted with operating profit shown on the quarterly consolidated statement of income.
3. Countries and regions included in the Overseas Business are U.S., Mexico, U.K., Netherlands, China, Vietnam, andThailand.

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QUICK CO., LTD. (4318) Financial Results for the Second Quarter of FY3/24

2. Information pertaining to impairment losses of non-current assets, goodwill, etc. in reportable segments
Not applicable.
3. Information on changes, etc. in reportable segments(Changes in the names of reportable segments)
Effective from the first quarter of the fiscal year ending March 31, 2024, the name of the reportable segmentthat was previously referred to as the IT and Internet-Related Business has been changed to the HR Platform
Business in order to more accurately represent the nature of the business.
This change is merely a change in segment name and has no impact on segment information. The segment
information for the first six months of FY3/23 is also presented under the new name.

12