Summary of Consolidated Financial Results for the First Quarterof the Fiscal Year Ending March 31, 2022
(Three Months Ended June 30, 2021)[Japanese GAAP]
July 30, 2021

Company name: QUICK CO., LTD.
Listing: First Section, Tokyo Stock Exchange
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 filing of Quarterly Report:
August 6, 2021
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, 2022
(April 1, 2021 – June 30, 2021)(1) Consolidated results of operations(Percentages represent year-on-year changes.)
Net sales

Operating profit

Profit attributableto owners of parent

Ordinary profit% Millions of yen% Millions of yen% Millions of yen
7,053
14.2
2,470
28.3
2,488
28.7
1,758
Three months ended Jun. 30, 2021
Three months ended Jun. 30, 2020
6,178
1,926
1,934
1,379
Note: Comprehensive income (millions of yen) Three months ended Jun. 30, 2021: 1,797 (up 16.0%)
Three months ended Jun. 30, 2020: 1,549 (-%)
Net income per share
Diluted net income per share
Millions of yen

Yen

%

27.5
-

Yen

Three months ended Jun. 30, 2021
93.36
Three months ended Jun. 30, 2020
73.24
Note: Beginning with the first quarter of the fiscal year ending 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 three months ended June 30, 2020 have been adjusted retroactively to conform with this accounting standard.
Accordingly, the year-on-year changes for the three months ended June 30, 2020 are not presented.

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Millions of yen

Shareholders’ equity ratio Net assets per share%

Yen

As of Jun. 30, 2021
16,001
11,99575.0
636.66
As of Mar. 31, 2021
15,103
10,68770.7
567.24
Reference: Shareholders’ equity (millions of yen)
As of Jun. 30, 2021: 11,992
As of Mar. 31, 2021: 10,685
Note: Beginning with the first quarter of the fiscal year ending 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.

2. Dividends
1Q-endYen

2Q-endDividend per share
3Q-endYear-end

Yen

Fiscal year ended Mar. 31, 2021
18.00
Fiscal year ending Mar. 31, 2022
Fiscal year ending Mar. 31, 2022 (forecast)
20.00
Note: Revisions to the most recently announced dividend forecast: None
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

Total

Yen

Yen

Yen

-

26.00

44.00

-

20.00

40.00

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 – March 31, 2022)
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%

Millions of yen%

Millions of yen%

Yen

First half
11,457 11.2
2,287
19.9
2,294
12.9
1,584
11.3
84.09
Full year
21,400 10.5
2,486
33.2
2,500
17.8
1,706
16.6
90.56
Note: Revisions to the most recently announced consolidated earnings forecast: None
Note: Beginning with the first quarter of the fiscal year ending March 31, 2022, the Company has applied Accounting Standard
for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020). The percentages that represent year-on-year changesof the first half and full year earnings forecast for the fiscal year ending Mar. 31, 2022 are the figures compared with thosefor the first half and full year earnings results for the fiscal year ended March 31, 2021 that have been adjusted
retrospectively to conform with the said accounting standard.

* 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

(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, 2021:

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 Jun. 30, 2021:

261,252 shares

3) Average number of shares outstanding during the period
Three months ended Jun. 30, 2021: 18,837,341 shares

Three months ended Jun. 30, 2020: 18,837,403 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 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. 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 First Quarter of FY3/22

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, 2022, the Japanese economy continued facing a
tough situation due primarily to the third state of emergency declared in April 2021 in response to the spread of
COVID-19 infections, which restricted consumer spending and economic activities again. Although vaccination
has started also in Japan, the economic outlook remains uncertain as an end of infection spread can still hardly beforeseeable due to the impact of variants, which led to the fourth state of emergency declaration in July 2021.
Meanwhile, in Japan’s labor market, the seasonally adjusted job openings-to-applicants ratio was 1.09 and theseasonally adjusted unemployment rate was 3.0% in May 2021, suggesting that a moderate recovery trend isobserved, though seesawing since October 2020.
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.
Net sales increased 14.2% year-on-year to 7,053 million yen, operating profit increased 28.3% year-on-year to
2,470 million yen, ordinary profit increased 28.7% year-on-year to 2,488 million yen, and profit attributable toowners of parent increased 27.5% year-on-year to 1,758 million yen.
Beginning with the first quarter of the fiscal year ending March 31, 2022, the Company has applied AccountingStandard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) and other pronouncements(hereinafter collectively, the “Accounting Standards”). In applying the Accounting Standards, the new accounting
policy was retrospectively applied for every prior accounting period in accordance with the principle-based
treatment provided in Paragraph 84 of Accounting Standard for Revenue Recognition. Therefore, comparisonsand 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, an increasing number of companies such as those in construction andautomobile industries have been enhancing their hiring activities, looking ahead after corona, in addition to thosein semiconductor industry that was showing a vigorous recruiting needs even in the midst of the COVID-19.
Furthermore, as COVID-19 have overwhelmed the medical system, demand for temporally staffing for nurses
remained at a high level. Given this business environment, the personnel placement business for construction andpharmaceutical related categories as well as various types of engineers for specific fields grew favorably, and thenurses placement category remained solid. Those were the major results of our efforts including focusing on
selected categories and providing an extensive support of having more meetings with our client companies andregistrants who wish to change careers.
2) Temporary Staffing, Temporary-to-Permanent Staffing, and Business Contracting
In the temporary staffing, temporary-to-permanent staffing and business contracting categories, in addition tolasting strong hiring needs for nurses at medical and welfare category, a special demand for vaccination staff
primarily contributed to steady performance of temporary staffing of nurses. Meanwhile, the temporary staffing
of childcare workers expanded the performance for the fiscal year, thanks to limited temporary closure at clientcompanies’ facilities, though the number of workdays of temporary staff decreased dramatically in the preceding
fiscal year, which was mainly caused by temporary closure at client companies’ facilities, and voluntary or
mandatory absence from work of temporary staff as a result of the first state of emergency declaration.
Overall, sales of the Human Resources Service Business increased 11.4% year-on-year to 5,304 million yen andoperating profit also increased 11.2% year-on-year to 2,377 million yen.

1

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/22(Recruiting Business)
In the Recruiting Business, the new college graduate category saw a rigid performance in the volume ofadvertisements in our recruitment websites targeting March 2022 new college graduates and our internshipwebsites for March 2023 new college graduates, as client companies’ recruiting needs for new graduates
recovered gradually.
On the other hand, in the mid-career hiring category, hiring needs in restaurant and other service businesses thatwere impacted by the third state of emergency declaration declined again, and also some temporary staffing
companies restrained placement of recruiting advertisement in preparation for “post-state of emergency
declaration.” Primarily underpinned by strong recruitment needs in the fields such as medical/nursing care andlogistics amidst the COVID-19 as well as other categories in which recruiting needs are recovering, the volume of“Indeed” business remained favorable and the volume of recruiting advertisements for full-time employees andpart-time workers made a significant increase.
Services other than the handling of recruiting advertisement also posted a higher revenue. This was thanks to theaddition of support services for recruiting activities of client companies mainly by offering a consultation on new
graduate recruiting strategy during the COVID-19 pandemic as well as proposing online internship programs
through Jump Co., Ltd., which joined the Group in June 2020.
Overall, sales of the Recruiting Business increased 59.0% year-on-year to 560 million yen and operating profit
was 53 million yen, compared with a loss of 139 million yen in the same period of the previous fiscal year.
(Information Publishing Business)
In the Information Publishing Business, the sales promotion as well as recruiting sentiment of our clientcompanies did not suffer such a serious deterioration experienced after the first state of emergency declaration in
April 2020, although quasi-emergency measures were implemented in Ishikawa prefecture in May 2021. As aresult, our mainstay lifestyle information magazines, a home information magazine “Iezukuri Navi” in Hokuriku
district and “Indeed” achieved a significant sales increase.
Additionally, posting services including flyers distributed to households with lifestyle information magazines
made a favorable growth, presently little affected by COVID-19 pandemic, and thereby enjoying stable sales
promotion needs by the current customers. Furthermore, the concierge services we operate under the “cococolor”
brand also achieved sales increase in all categories of career change, housing and bridal.
Overall, sales of the Information Publishing Business increased 28.4% year-on-year to 518 million yen andoperating profit was 67 million yen, compared with a loss of 1 million yen in the same period of the previous
fiscal year.
(IT and Internet-Related Business)
In the IT & Internet-Related Business category, “Nihon no Jinjibu (Japan’s Human Resources Department)”
related service, a total information site pertaining to personnel and labor, had the membership of exceeding
200,000 full-time human resources professionals, and its advertising revenues increased thanks to enhanced
advertisement effects such as increased matches between the advertisements in the website and the users’
requirements. Furthermore, the online HR related event, “Nihon no Jinjibu HR Conference 2021-Spring-,” held in
May 2021 hit a record high in the revenue, in addition to number of exhibiters and participants against a backdropof its high recognition, advertising appeal and high level of satisfaction as a HR related event, which contributed
to revenue increase of “Nihon no Jinjibu (Japan’s Human Resources Department)” related services.
As for the system development category, with occurrence of shelving, postponement and cancellation ofdevelopment projects that were impacted by the COVID-19 pandemic, the business environment has notrecovered to the level of that before the COVID-19 pandemic yet. Even in such situation, the businessperformance expanded steadily as a result of focusing on reinforcing sales activities to both new and current
customers, receiving new orders including AI-related projects as well as additional developments of the ongoingprojects from the current customers. The learning field, on the other hand, posted decreased sales as considerable
number of companies are still restraining IT-related investments. Although the Company worked on holding
trainings and seminars in the forms of in person group training, online training and a hybrid one, combining both2

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/22

types, depending on the clients’ need as well as reinforcing receiving orders for a training program designed foreach client.
Overall, sales of the IT and Internet-Related Business increased 5.4% year-on-year to 460 million yen andoperating profit also increased 20.2% year-on-year to 185 million yen.
(Overseas Business)
In the Overseas Business, North and Central America (notably in the U.S. and Mexico), personnel placementbusiness remained resilient, as hiring needs for positions like IT specialists or experienced personnel turned to an
improving trend, enjoying recovery of economic environment in the U.S., thanks to the progressed vaccination
rollout. Meanwhile, temporary staffing business struggled primarily due to the contract period expiration in
specific job categories as well as delay in hiring needs recovery for general office work. In Mexico, while hiringneeds for interpreters, salespeople and individuals for general office work started to increase, sales decreased
because the number of people including Japanese who wish to travel to Mexico decreased, which made it difficult
to match the skills of job seekers with the needs of companies that have openings.
As for business in Asia (notably in China, Vietnam, and Thailand), China saw a start of declining trend inpeople’s mind for job change due to corporations’ restricted hiring activities that was caused by the behavioral
limitations imposed by the government in association with the COVID-19 infection increase before Chinese New
Year. The personnel placement business, however, had a significant sales increase, being successful instrengthening sales activities toward corporations that resumed hiring activities in the latter half of the preceding
fiscal year. Personnel and labor consulting also performed well. Thanks to our fine responses to the clients in
respect of business operation as well as labor management method amid the COVID-19 pandemic, we were able
to build a rapport with the clients, which contributed to receiving orders for services other than consulting andadvisory services such as visa application services and education/ training services, etc. On the other hand in
Vietnam, we are still facing severe business environment due to continuing measures including overseas travel
restrictions. In such circumstance, the results improved primary due to the cases where the orders were confirmedin the preceding fiscal year, while the employees actual entrances to the companies took place in the current fiscal
year after they passed quarantine period. Also in Thailand, personnel placement business achieved growth, though
domestic economy as well as corporations’ hiring needs being stagnant that was impacted by the spread of the
COVID-19. In addition to strengthening sales activities toward local Japanese companies, we worked on tapping
Chinese and Taiwanese companies as well as those of the US or European countries and even Thai local
companies that remained proactive in investment activities amidst the COVID-19 pandemic.
In the U.K., domestic personnel placement services as well as temporary staffing services had a sales decrease,but began to improve as a result of continuously growing hiring needs that was caused by substantial decrease in
the number of infection toward the end of the first quarter, thanks to the third lockdown in response to the spreadof COVID-19.
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 Other Businesses decreased 6.0% year-on-year to 209 million yen and operating profit was 5
million yen, compared with a loss of 14 million yen in the same period of the previous fiscal year.
(2) Explanation of Financial Position
Total assets at the end of the first quarter of the fiscal year under review were 16,001 million yen, which was 897
million yen more than at the end of the previous fiscal year. This was mainly the result of increases in cash anddeposits and notes and accounts receivable-trade.
Total liabilities were 4,006 million yen, which was 410 million yen less than at the end of the previous fiscal year.
This was mainly the result of a decrease in provision for bonuses despite an increase in income taxes payable.
Total net assets were 11,995 million yen, which was 1,307 million yen more than at the end of the previous fiscal
year. This was mainly the result of an increase in retained earnings due to the booking of profit attributable toowners of parent. The shareholders’ equity ratio improved 4.3 percentage points from the end of the previous

3

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/22

fiscal year to 75.0%.
Beginning with the first quarter of the fiscal year ending March 31, 2022, the Company has applied AccountingStandard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) and other pronouncements(hereinafter collectively, the “Accounting Standards”). In applying the Accounting Standards, the new accounting
policy was retrospectively applied for every prior accounting period in accordance with the principle-based
treatment provided in Paragraph 84 of Accounting Standard for Revenue Recognition. Therefore, year-on-yearcomparisons and analysis were made using the figures that were adjusted reflecting the retrospective applicationof the Accounting Standards.
(3) Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements
At this point, there are no revisions to the first-half and the full-year consolidated earnings forecasts for the fiscal
year ending March 31, 2022, which were announced in the “Summary of Consolidated Financial Results for the
Fiscal Year Ended March 31, 2021 (Japanese GAAP)” on April 28, 2021.
An announcement will be made promptly if the review of impact on the QUICK Group’s business performancerequires a revision to this forecast.

4

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/22

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheet
FY3/21(As of Mar. 31, 2021)(Thousands of yen)First quarter of FY3/22(As of Jun. 30, 2021)

AssetsCurrent assets
Cash and deposits

8,151,779

8,960,238

Notes and accounts receivable-trade

1,989,492

2,033,867

324,936

337,328

Other
Allowance for doubtful accounts
Total current assets(2,397)(2,397)

10,463,810

11,329,037

835,006

828,475

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

2,242

2,963

Tools, furniture and fixtures, net

99,15993,713

Land

276,869

276,869

8,244

7,603

1,221,521

1,209,625

Software629,824

667,726

Software in progress

127,079

151,916

Goodwill

69,517

69,680

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

Other

10,65910,659Total intangible assets

837,080

899,982

Investment securities

1,732,291

1,755,196

Leasehold deposits

685,835

682,141

Deferred tax assets

105,202

66,875

Other62,336

63,840Investments and other assets

Allowance for doubtful accounts(4,318)(5,451)

Total investments and other assets

2,581,347

2,562,602

4,639,949

4,672,210

15,103,760

16,001,248

Total non-current assets
Total assets

5

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/22(Thousands of yen)First quarter of FY3/22(As of Jun. 30, 2021)

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

316,017

Short-term borrowings

299,957

193,000

Accounts payable-other

1,088,965

868,494

Accrued expenses

544,457

607,837

Income taxes payable

331,134

619,055

Accrued consumption taxes

284,294

512,511

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

594,263

138,81035,310

-

570

-

Other

418,942

307,525

4,089,986

3,563,252

Deferred tax liabilities

210,889

329,106

Asset retirement obligations

98,85699,317

Total current liabilities
Non-current liabilities

Other

16,541

14,540Total non-current liabilities

326,287

442,963

4,416,273

4,006,216

Share capital

351,317351,317

Capital surplus

391,392

391,392

Retained earnings

8,879,353

10,148,253

Treasury shares(16,005)(16,100)

Total shareholders’ equity

9,606,057

10,874,862

Valuation difference on available-for-sale securities

1,092,767

1,107,535

Foreign currency translation adjustment(13,579)

10,591

Total accumulated other comprehensive income

1,079,188

1,118,126

2,241

2,041

10,687,486

11,995,031

15,103,760

16,001,248

Total liabilities
Net assets
Shareholders’ equity

Accumulated other comprehensive income

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

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QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/22(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(For the Three-month Period)First three months of FY3/21(Apr. 1, 2020 – Jun. 30, 2020)(Thousands of yen)First three months of FY3/22(Apr. 1, 2021 – Jun. 30, 2021)

Net sales

6,178,173

7,053,692

Cost of sales

1,746,900

1,929,924

Gross profit

4,431,272

5,123,767

Selling, general and administrative expenses

2,504,872

2,652,971

Operating profit

1,926,399

2,470,796

Non-operating income
Interest income

426

344

Dividend income

5,329

4,126

Other

3,032

13,700Total non-operating income

8,788

18,171427

558

Non-operating expenses
Interest expenses
Foreign exchange losses

642

-

Other

23

22

1,093

581

1,934,094

2,488,385

Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on sale of non-current assets

246

-

-

782

246

782

1,933,847

2,487,603

416,343

579,008

Income taxes-deferred

140,240

150,551

Total income taxes

556,584

729,559

1,377,263

1,758,044

Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes-current

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

7(2,373)(628)

1,379,637

1,758,672

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/22

Quarterly Consolidated Statement of Comprehensive Income(For the Three-month Period)First three months of FY3/21(Apr. 1, 2020 – Jun. 30, 2020)(Thousands of yen)First three months of FY3/22(Apr. 1, 2021 – Jun. 30, 2021)

1,377,263

1,758,044

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

190,489

14,767

Foreign currency translation adjustment(18,382)

24,599Total other comprehensive income

172,106

39,366

1,549,370

1,797,411

1,552,323

1,797,611(2,952)(199)

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

8

QUICK CO., LTD. (4318) Financial Results for the First Quarter of FY3/22(3) Notes to Quarterly Consolidated Financial Statements
Segment Information
I. First three months of FY3/21 (Apr. 1, 2020 – Jun. 30, 2020)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment
Human
Resources
Services
Business

Recruiting
Business

Information
Publishing
Business

IT &Internet-Related
Business

Overseas
Business

Total(Thousands of yen)Amount in thequarterly
Adjustment consolidated(Note 1) statement ofincome(Note 2)

Net sales
Sales toexternal
4,761,923
352,405
403,484
437,068
223,291 6,178,173
6,178,173
customers
Inter-segment
sales and
2,559
626
1,491
13,202
17,880(17,880)transfers
Total
4,764,483
353,032
404,975
450,270
223,291 6,196,054(17,880)
6,178,173
Segment profit
2,138,268 (139,675)(1,359)154,034(14,527) 2,136,740 (210,340)
1,926,399(loss)
Notes: 1. The (210,340) thousand yen adjustment to segment profit (loss) includes elimination for inter-segment transactionsof 31,163 thousand yen, and (241,504) thousand yen in company-wide costs that cannot be allocated to any
specific reportable 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 theCompany.
2. Segment profit (loss) is adjusted with operating profit 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.
II. First three months of FY3/22 (Apr. 1, 2021 – Jun. 30, 2021)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment

Net sales
Sales toexternalcustomers
Inter-segment
sales andtransfers
Total(Thousands of yen)Amount in thequarterly
Adjustment consolidated(Note 1) statement ofincome(Note 2)

Human
Resources
Services
Business

Recruiting
Business

Information
Publishing
Business

5,304,943

560,320

518,045

460,483

209,898

7,053,692-

7,053,692

-

3,135

1,251

25,392-

29,778(29,778)-

5,304,943

563,456

519,296

485,876

209,898

7,083,471(29,778)

7,053,692

IT &Overseas
Internet-Related
Business
Business

Total

Segment profit
2,377,995
53,10167,802
185,215
5,587 2,689,702 (218,906)
2,470,796
Notes: 1. The (218,906) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
31,645 thousand yen, and (250,552) 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.
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
prepared in accordance with accounting principles and practices generally accepted in Japan, for the convenience of readers
who prefer an English translation.

9