Summary of Consolidated Financial Results for the First Quarterof the Fiscal Year Ending March 31, 2017
(Three Months Ended June 30, 2016)[Japanese GAAP]
July 29, 2016

Listing: First Section, Tokyo Stock Exchange
Company name: QUICK CO., LTD.
Stock code:
4318
URL: http://919.jp/
Representative: Tsutomu Wano, President and Representative Director
Contact:
Yasuhiko Hirata, Director, Executive Officer, General Manager of Administration and Accounting Division
Tel: +81-6-6366-0919
Scheduled date of filing of Quarterly Report:
August 10, 2016
Scheduled date of payment of dividend:
Preparation of supplementary materials for quarterly financial results: None
Holding of quarterly financial results meeting:None(All amounts are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2017
(April 1, 2016 – June 30, 2016)(1) Consolidated results of operations(Percentages represent year-on-year changes.)
Net sales

Operating income

Million yen%

Million yen%

Three months ended Jun. 30, 2016
4,171
20.1
1,293
31.8
Three months ended Jun. 30, 2015
3,473
5.0
981
0.1
Note: Comprehensive income (million yen)Three months ended Jun. 30, 2016:
Three months ended Jun. 30, 2015:

Three months ended Jun. 30, 2016
Three months ended Jun. 30, 2015

Profit attributable toowners of parent

Ordinary income
Million yen%

Million yen

%

1,315
32.7
991
(4.6)
908 (up 39.0%)653 (down 1.9%)

893
641

39.3
(3.2)

Net income per share
Yen
47.58
34.17

Diluted net income per share
Yen-

Total assets

Net assets(2) Consolidated financial position
Million yen

As of Jun. 30, 2016
7,738
As of Mar. 31, 2016
7,331
Reference: Shareholders’ equity (million yen) As of Jun. 30, 2016:

Shareholders’ equity ratio Net assets per share

Million yen

%

Yen

5,391
4,708
5,391

69.7
64.2
As of Mar. 31, 2016:

286.98250.642Q-endDividend per share
3Q-endYear-end

4,708

2. Dividends
1Q-endYen

Fiscal year ended Mar. 31, 2016
Fiscal year ending Mar. 31, 2017
Fiscal year ending Mar. 31, 2017 (forecast)
Note: Revisions to the most recently announced dividend forecast: None

Total

Yen

Yen

Yen

Yen

13.00

-

12.00

25.00

14.00

-

13.00

27.00

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2017 (April 1, 2016 – March 31, 2017)
Net sales
Million yen%

Operating income

Ordinary income

Million yen

Million yen

%

6,915
10.2
1,306
2.4
1,338
First half
13,600
8.8
1,770
4.9
1,820
Full year
Note: Revisions to the most recently announced consolidated forecast: None

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

%

Yen

2.6
4.8

899
1,238

4.6
5.8

47.85
65.89

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes inscope of consolidation): None
(2) Application of special accounting methods for presenting quarterly consolidated financial statements: None
(3) Changes in accounting policies and accounting-based estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards, others: Yes
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting-based estimates: None
4) Restatements: None
Note: Please refer to page 3 of the attachments “2. Matters Related to Summary Information (Notes), (3) Changes in
Accounting Policies and Accounting-based Estimates, and Restatements” for more details.

(4) Number of shares outstanding (common shares)
1) Number of shares outstanding at the end of the period (including treasury shares)
As of Jun. 30, 2016:

19,098,576 shares

As of Mar. 31, 2016:

19,098,576 shares

As of Mar. 31, 2016:

310,980 shares

2) Number of treasury shares at the end of the period
As of Jun. 30, 2016:

310,980 shares

3) Average number of shares outstanding during the period
Three months ended Jun. 30, 2016: 18,787,596 shares

Three months ended Jun. 30, 2015: 18,787,596 shares* Indication of quarterly review procedure implementation status
The quarterly review procedures for the quarterly consolidated financial statements based on the Financial Instruments andExchange Act have not been completed at the time of disclosure.
* Explanation of appropriate use of earnings forecasts, and other special items
Forecasts of future performance in these materials are based on assumptions judged to be valid and information available to theCompany’s management at the time the materials were prepared. These materials are not promises by the Company regarding
future performance. Actual results may differ significantly from these forecasts for a number of reasons. For discussion of theassumptions and other factors considered by the Company in preparing the above projections, please refer to page 2 of theattachments “1. Qualitative Information on Quarterly Consolidated Financial Performance, (3) Explanation of Consolidated
Forecast and Other Forward-looking Statements.”

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/17

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation of Results of Operations
During the first three months of the fiscal year ending March 31, 2017, the Japanese economy maintained a state ofmoderate recovery, but the outlook grew increasingly uncertain for a number of reasons. These factors included
worsening conditions across a broad range of business sector, against a backdrop of economic deceleration in China
and other emerging markets and unstable movements of stock markets and foreign exchange markets accompanying
the U.K. decision to exit the European Union.
Amid ongoing structural personnel shortages stemming from a falling birthrate, the employment situation in Japanwas marked by a new historic high in the number of effective job offers. The employment situation thus continued
to improve steadily, as corporate hiring motivation remained high. As a result, in May 2016 the effective
opening-to-application ratio (seasonally adjusted) was 1.36 times, the highest level since October 1991. In addition,in April 2016 the effective opening-to-application ratio by work location exceeded 1 time for all Japanese
prefectures simultaneously for the first time.
Under these conditions, in the Recruiting Business the handling of recruiting advertisements was favorable in the
mid-career hiring domain in relation to the hiring of temporary staff and part-time workers. In the new graduate
hiring domain, as well, the handling of new recruiting ads targeting university students scheduled to graduate in
March 2017 was steady, as was the handling of advertisements containing internship and other information targeting
university students scheduled to graduate in March 2018. Furthermore, our handling of personnel business
contracting services in which we act as an agent for a part of recruiting operations increased as one aspect of our
one-stop services to address the recruiting and personnel issues corporate customers face.
Segment sales increased 10.4% year-on-year to 734 million yen and operating income increased 4.9% year-on-year
to 163 million yen.
In employment agency of the Human Resources Services Business, corporate recruiting needs in construction andcivil engineering, manufacturing and other sectors remained high, leading to solid performance targeting generalcompanies. The introduction of nurses to hospitals and nursing care facilities also led to favorable operating
performance, given the vigorous recruiting needs of healthcare institutions.
In these sectors and categories with high recruiting needs, competition with other companies to attract registrants
continued to increase. Under these conditions, we launched “AnswersNews,” a news commentary media dedicatedto the pharmaceutical industry, and “Automotive Jobs,” a career change site specializing in the automotive industry.
In this manner, we worked to enhance the various sites we operate and reinforce services, strengthening promotions
to attract registrants. In these ways, we strove to differentiate ourselves from competitors and enhance customer
satisfaction.
In temporary staffing, temporary-to-permanent staffing and business contracting, the part-time staff placement thatcommenced in the previous fiscal year was favorable, and sales increased in staff placement to the medical andwelfare sectors. With the employment situation improving, the number of job seekers looking for full-time
employment increased. Competition also intensified in the medical and welfare sectors. These factors continued tomake it more difficult to attract new registrants seeking temporary assignments, so we stepped up promotion efforts.
Segment sales increased 25.0% year-on-year to 2,749 million yen and operating income increased 27.2%
year-on-year to 1,212 million yen.
In the Information Publishing Business, performance for mainstay lifestyle information magazines was favorable inboth the Ishikawa and Toyama areas. As a result, the handling of advertising increased across all sectors for lifestyleadvertising magazines, including in the Niigata area, for housing and recruiting advertisements, shop advertisements
and other types of town advertisements. We increased the publication frequency of our “Iezukuri Navi” home
information magazine to bimonthly, and concierge services such as “Cococolor iezukuri” and “Cococolor tenshoku”
performed steadily.
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QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/17

Segment sales increased 12.1% year-on-year to 441 million yen and operating income was 28 million yen comparedwith operating loss of 13 million yen in the same period of the previous fiscal year.
In the Internet-Related business under Other Businesses, we saw a steady increase in advertising revenues for“Nihon no Jinjibu (Japan’s Human Resources Department),” an information portal site pertaining to personnel andlabor. Responding to an increase in the number of companies exhibiting, we expanded the number of days at “HR
Conference 2016-Spring-” from the previous three to four. This change at our HR event contributed to record-highlevels of sales and visitors. In April, we published volume four of “Nihon no Jinjibu LEADERS,” an interview
information magazine featuring messages from 100 leaders in the HR domain, as part of our efforts to further
enhance the “Nihon no Jinjibu” brand.
In Overseas Business, with employment conditions in the United States improving and working visas for foreigners
becoming increasingly difficult to obtain, recruiting was favorable at QUICK USA, Inc., owing to Japanesecompanies’ needs to recruit full-time employees and an increasing number of job seekers looking for full-time
employment, leading to improved operating performance in employment agency.
Performance was sluggish at SHANGHAI QUICK CO., LTD., as its mainstay personnel and labor consulting
business was hampered by an increase in the number of projects requiring time to respond to the organization of
personnel systems, causing delays in new customer cultivation and other sales activities.
Segment sales increased 14.9% year-on-year to 245 million yen and operating income increased 158.4%
year-on-year to 41 million yen.
As a result of the above-mentioned factors, for the first three months of the fiscal year ending March 31, 2017, net
sales increased 20.1% year-on-year to 4,171 million yen, operating income increased 31.8% year-on-year to 1,293
million yen, ordinary income increased 32.7% year-on-year to 1,315 million yen, and profit attributable to owners ofparent increased 39.3% year-on-year to 893 million yen.
(2) Explanation of Financial Position
Total assets at the end of the first quarter of the fiscal year under review were 7,738 million yen, which was 407
million yen more than at the end of the previous fiscal year. This was mainly the result of an increase in cash anddeposits despite a decrease in notes and accounts receivable-trade.
Total liabilities were 2,346 million yen, which was 275 million yen less than at the end of the previous fiscal year.
This was mainly due to decreases in accounts payable-trade and provision for bonuses.
Net assets were 5,391 million yen, which was 682 million yen more than at the end of the previous fiscal year. Thiswas mainly the result of an increase in retained earnings due to the booking of profit attributable to owners of parent.
Consequently, the shareholders’ equity ratio increased 5.5 percentage points from the end of the previous fiscal year
to 69.7%.
(3) Explanation of Consolidated Forecast and Other Forward-looking Statements
At this point, there are no revisions to the first-half and full-year consolidated earnings forecast for the fiscal year
ending March 31, 2017 that was announced in the “Summary of Consolidated Financial Results for the Fiscal Year
Ended March 31, 2016 (Japanese GAAP)” on April 28, 2016.
An announcement will be made promptly if the review of impact on the Group’s business performance requires arevision to these forecasts.

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QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/17

2. Matters Related to Summary Information (Notes)(1) Changes in Significant Subsidiaries during the Period
Not applicable.
(2) Application of Special Accounting Methods for Presenting Quarterly Consolidated Financial Statements
Not applicable.
(3) Changes in Accounting Policies and Accounting-based Estimates, and Restatements
Changes in Accounting Policies
Application of Practical Solution on a Change in Depreciation Method due to Tax Reform 2016
Following the revision of Corporation Tax Act, the Company has applied the “Practical Solution on a Change inDepreciation Method due to Tax Reform 2016” (Accounting Standards Board of Japan (ASBJ) Practical Issues Task
Force (PITF) No. 32, June 17, 2016) from the first quarter of the current fiscal year, and changed the depreciation
method for facilities attached to buildings and structures acquired on or after April 1, 2016, from thedeclining-balance method to the straight-line method.
The effect of this change on the operating income, ordinary income and profit before income taxes in the firstquarter is insignificant.
(4) Additional Information
Application of Implementation Guidance on Recoverability of Deferred Tax Assets
The Company has applied the “Implementation Guidance on Recoverability of Deferred Tax Assets” (ASBJ
Guidance No. 26, March 28, 2016) from the first quarter of the current fiscal year.

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QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/17

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheet(Thousands of yen)First quarter of FY3/17(As of Jun. 30, 2016)

FY3/16(As of Mar. 31, 2016)
AssetsCurrent assets
Cash and deposits

3,430,787

4,261,491

Notes and accounts receivable-trade

1,625,089

1,238,592

Deferred tax assets

139,289

76,708

Other

301,898

254,150

Allowance for doubtful accounts(8,592)(11,369)

5,488,472

5,819,574

388,876

380,879

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

1,003

3,157

Tools, furniture and fixtures, net

50,21547,142

Land

276,869

276,869

Leased assets, net

11,60010,679Total property, plant and equipment

728,565

718,728

27,07824,437

Other

158,711

153,734

Total intangible assets

185,789

178,171

Investment securities

528,812617,169

Lease deposits

362,695

362,215

Intangible assets
Leased assets

Investments and other assets

Deferred tax assets
Other

920

730

40,30946,007

Allowance for doubtful accounts(4,193)(4,041)

Total investments and other assets

928,544

1,022,081

1,842,899

1,918,981

7,331,371

7,738,556

Total non-current assets
Total assets

4

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/17

FY3/16(As of Mar. 31, 2016)(Thousands of yen)First quarter of FY3/17(As of Jun. 30, 2016)

Liabilities
Current liabilities
Accounts payable-trade604,301

219,192

Short-term loans payable

191,402245,000

Accounts payable-other

528,016

487,222

Accrued expenses

309,649

366,990

Income taxes payable311,459

364,001

Provision for bonuses

242,456

93,033

Provision for repayment

15,60017,200Other

268,264

398,718

2,471,149

2,191,358

Deferred tax liabilities

89,82997,748Asset retirement obligations

34,821

34,985

Other

26,71822,726

Total current liabilities
Non-current liabilities

Total non-current liabilities
Total liabilities

151,368

155,460

2,622,518

2,346,819

351,317351,317

Net assets
Shareholders’ equity
Capital stock
Capital surplus

307,998

307,998

Retained earnings

3,825,954

4,494,402

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

Total shareholders’ equity

4,466,294

5,134,743

Valuation difference on available-for-sale securities

231,507252,299

Foreign currency translation adjustment

11,051

4,694

Total accumulated other comprehensive income

242,558

256,994

Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

54,708,853

5,391,737

7,331,371

7,738,556

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/17(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(For the Three-month Period)First three months of FY3/16(Apr. 1, 2015 – Jun. 30, 2015)(Thousands of yen)First three months of FY3/17(Apr. 1, 2016 – Jun. 30, 2016)

3,473,602

4,171,543

Cost of sales

1,118,996

1,280,450

Gross profit

2,354,605

2,891,092

Selling, general and administrative expenses

1,373,317

1,597,677

981,288

1,293,414

Interest income

28

24

Dividend income

6,364

6,184

-

10,800Book sales commission

2,290

2,536

Other

2,566

3,403

Total non-operating income

11,25022,948Interest expenses

771

666

Other

193

30

Total non-operating expenses

964

697

991,574

1,315,665-

547

Net sales

Operating income
Non-operating income

Sale cooperation fee

Non-operating expenses

Ordinary income
Extraordinary losses
Loss on sales of non-current assets
Total extraordinary losses-

547

Profit before income taxes

991,574

1,315,118

Income taxes-current

265,905

359,527

Income taxes-deferred

86,08861,691

Total income taxes

351,994421,218

Profit639,580

893,899

Loss attributable to non-controlling interests(2,350)-

Profit attributable to owners of parent

641,930

893,899

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QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/17

Quarterly Consolidated Statement of Comprehensive Income(For the Three-month Period)First three months of FY3/16(Apr. 1, 2015 – Jun. 30, 2015)(Thousands of yen)First three months of FY3/17(Apr. 1, 2016 – Jun. 30, 2016)

639,580

893,899

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

14,151

20,792Foreign currency translation adjustment(377)(6,357)

Total other comprehensive income

13,774

14,435653,354908,334

Comprehensive income attributable to owners of parent

655,731

908,334

Comprehensive income attributable to non-controllinginterests(2,377)-

Comprehensive income
Comprehensive income attributable to7

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/17(3) Notes to Quarterly Consolidated Financial Statements
Going-concern Assumption
Not applicable.
Significant Changes in Shareholders’ Equity
Not applicable.
Segment and Other Information
Segment Information
I. First three months of FY3/16 (Apr. 1, 2015 – June 30, 2015)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment
Recruiting
Business

Human
Resources
Services
Business

Information
Publishing
Business

Subtotal

Other(Note 1)

Total

(Thousands of yen)Amount in thequarterly
Adjustment consolidated(Note 2)statement ofincome(Note 3)

Net sales
Sales to external
665,8312,199,903
393,940
3,259,675 213,927
3,473,602
3,473,602
customers
Inter-segment
383
2,605
2,988
21,56924,558(24,558)
sales and transfers
Total
666,215
2,199,903
396,545
3,262,663 235,497
3,498,161(24,558)
3,473,602
Segment profit
156,231
953,174(13,898)
1,095,508
16,012
1,111,520(130,232)
981,288(loss)
Notes: 1. “Other” represents the businesses which are not included in any of the reportable segments and mainly consist ofInternet-Related Business and Overseas Business.
2. The (130,232) thousand yen adjustment to segment profit (loss) includes elimination for inter-segment transactionsof 31,321 thousand yen, and (161,554) thousand yen in company-wide costs that cannot be allocated to any specificreportable segments. Company-wide costs consist primarily of expenses related to the administration division,
including general affairs and accounting at the Company.
3. Segment profit (loss) is adjusted with operating income shown on the quarterly consolidated statement of income.
2. Information pertaining to impairment losses of non-current assets, goodwill, etc. in reportable segments
Not applicable.

8

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/17

II. First three months of FY3/17 (Apr. 1, 2016 – June 30, 2016)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment(Thousands of yen)Amount in thequarterly
Adjustment consolidated(Note 2)statement ofincome(Note 3)

Recruiting
Business

Human
Resources
Services
Business

Information
Publishing
Business

Subtotal

Other(Note 1)

Total

734,872

2,749,214

441,7213,925,808

245,734

4,171,543-

4,171,543

Net sales
Sales to externalcustomers
Inter-segment
sales and transfers
Total

57

1,118

1,923

3,098

16,784

19,883(19,883)-

734,9292,750,333

443,6443,928,907

262,519

4,191,426(19,883)

4,171,543

Segment profit

163,838

1,212,230

28,346

1,404,414

41,374

1,445,789(152,375)

1,293,414

Notes: 1. “Other” represents the businesses which are not included in any of the reportable segments and mainly consist ofInternet-Related Business and Overseas Business.
2. The (152,375) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
31,554 thousand yen, and (183,929) thousand yen in company-wide costs that cannot be allocated to any specificreportable segments. Company-wide costs consist primarily of expenses related to the administration division,
including general affairs and accounting at the Company.
3. Segment profit is adjusted with operating income shown on the quarterly consolidated statement of income.
2. Information pertaining to impairment losses of non-current assets, goodwill, etc. in reportable segments
Not applicable.

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

9