Summary of Consolidated Financial Results for the Third Quarterof the Fiscal Year Ending March 31, 2018
(Nine Months Ended December 31, 2017)[Japanese GAAP]
January 31, 2018

Company name: QUICK CO.,LTD.
Listing: First Section, Tokyo Stock Exchange
Stock code:
4318
URL: https://919.jp/
Representative: Tsutomu Wano, President
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:
February 13, 2018
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 Third Quarter of the Fiscal Year Ending March 31, 2018
(April 1, 2017 – December 31, 2017)(1) Consolidated results of operations(Percentages represent year-on-year changes.)
Net sales
Millions of yen

Operating profit%

Millions of yen% Millions of yen

Nine months ended Dec. 31, 201712,218 14.8
1,909 13.0
Nine months ended Dec. 31, 2016
10,645 18.2
1,688 26.8
Note: Comprehensive income (millions of yen) Nine months ended Dec. 31, 2017:
Nine months ended Dec. 31, 2016:
Net income per share
Yen
74.07
63.05

Nine months ended Dec. 31, 2017
Nine months ended Dec. 31, 2016

Profit attributable toowners of parent

Ordinary profit%

Millions of yen%

1,983 13.2
1,752 27.8
1,603 (up 26.5%)
1,267 (up 42.4%)

1,391
1,184

17.5
32.1

Diluted net income per share
Yen-(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Millions of yen

As of Dec. 31, 2017
As of Mar. 31, 2017
Reference: Shareholders’ equity (millions of yen)

Shareholders’ equity ratio Net assets per share
%

9,289
6,778
9,300
5,796
As of Dec. 31, 2017:
6,764

Yen

72.8
62.3
As of Mar. 31, 2017: 5,796

360.07308.51

2. Dividends
1Q-end2Q-endYen

Fiscal year ended Mar. 31, 2017
Fiscal year ending Mar. 31, 2018
Fiscal year ending Mar. 31, 2018 (forecast)
Note: Revisions to the most recently announced dividend forecast: None

Dividend per share
3Q-endYear-end

Total

Yen

Yen

Yen

Yen

14.00
17.00

-

16.00

30.00

17.00

34.00

3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2018 (April 1, 2017 – March 31, 2018)
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

16,100 10.4
2,170
8.6
2,250
8.5
Full year
Note: Revisions to the most recently announced consolidated earnings forecast: None%

Millions of yen%

Millions of yen

1,550

11.4

82.50

* 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 outstanding (common shares)
1) Number of shares outstanding at the end of the period (including treasury shares)
As of Dec. 31, 2017:19,098,576 shares

As of Mar. 31, 2017:19,098,576 shares

As of Mar. 31, 2017:

311,017 shares

2) Number of treasury shares at the end of the period
As of Dec. 31, 2017:

311,073 shares

3) Average number of shares outstanding during the period
Nine months ended Dec. 31, 2017:18,787,530 shares

Nine months ended Dec. 31, 2016:

18,787,596 shares* The current quarterly financial report is not subject to quarterly review procedures.
* Explanation of appropriate use of earnings forecasts, and other special items
Cautionary statement with respect to forward-looking statements
Forecasts and forward-looking statements in these materials are based on assumptions judged to be valid and information
available to the Company’s management at the time the materials were prepared. These materials are not promises by theCompany regarding future performance. Actual results may differ significantly from these forecasts for a number of reasons.
For discussion of the assumptions and other factors considered by the Company in preparing the above projections, please referto page 3 of the attachments “1. Qualitative Information on Quarterly Consolidated Financial Performance, (3) Explanation ofConsolidated Forecast and Other Forward-looking Statements.”

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/18

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation of Results of Operations
During the first nine months of the fiscal year ending March 31, 2018, the Japanese economy recovered at amoderate pace as consumer spending continued to rebound amid an ongoing improvement in corporate earnings
and personal income. As the economy recovered, the labor shortage in Japan has become even more serious,
especially at small and midsize companies. Although there is uncertainty about overseas economies as well as
increasing geopolitical risk in neighboring countries, the Japanese economy is expected to continue its slow
recovery.
In Japan’s labor market, there is a severe shortage of workers. The problem is most serious in the manufacturing
and transportation sectors. In November 2017, the job openings-to-applicants ratio was a seasonally adjusted 1.56.
Furthermore, the seasonally adjusted job openings-to-applicants ratio remained high at 1.05 for full-time
employees. These ratios show that the shortage of workers in Japan is becoming even more serious.
During the first nine months, the QUICK Group reinforced existing services, expanded operations in new
strategic market sectors and developed new services. All activities are aimed at differentiating the QUICK Group
from competitors and increasing customer satisfaction by helping solve recruiting and other labor-related
problems at client companies. In addition, the Group used numerous measures to build a stronger foundation forbusiness operations by increasing investments in human resources. Group companies aggressively recruited new
graduates and other people with outstanding skills, improved compensation for group personnel and took otheractions.
Centre People Appointments Limited, which was acquired in August 2017, is included in the consolidated
financial statements beginning with the third quarter.
In the personnel placement category of the Human Resources Services Business, there is a consistently highdemand for recruiting people in the construction and civil engineering sector, manufacturing sector, and manyother business fields. Demand is also high at hospitals, nursing care facilities and other health care facilities. To
help meet these needs, QUICK expanded websites and services in many business categories. One example is thelaunch of smartphone site called Iryo Kiki Tenshoku BiZ that specializes in people working at companies in the
medical device industry who are looking for another job within the industry. In response to the increasing
competition with other companies to register people for job placements, QUICK further increased promotions tosign up people looking for jobs and took steps aimed at differentiating services and improving customer
satisfaction. Due to these measures, personnel placement operations performed well during the first nine months.
The performance of the temporary staffing, temporary-to-permanent staffing and business contracting categories was
supported by the labor shortage associated with declining unemployment and by the increasing difficulty of recruiting
full-time employees. There were strong demand for the provision of temporary part-time workers in the IT and Internet
sectors as well as for clerical jobs. Demand was also strong for the temporary placement of workers in the medical andwelfare sectors and of childcare workers.
Overall, Human Resources Services segment sales increased 21.4% year-on-year to 7,549 million yen and operating
profit increased 23.2% year-on-year to 1,668 million yen.
In the Recruiting Business, there is growing demand in the mid-year hiring category at companies in all industries
because of Japan’s labor shortage. As a result, the volume of recruiting advertisements handled by this businessfor client companies increased for registering people for temporary placements, hiring part-time workers andother purposes. In the new college graduate category, there is a “seller’s market” because the number of job
openings is consistently higher than the number of applicants. There was a large volume of business from clientcompanies for recruiting advertisements targeting students planning to graduate in March 2018 andadvertisements asking students planning to graduate in March 2019 to apply for intern positions as well as forservices involving joint information meetings, exhibits and other recruiting events. Personnel and other related
expenses in this business increased because of investments in human resources, such as for improving
compensation and benefits and strengthening QUICK’s own recruiting activities.
1

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/18

Overall, Recruiting segment sales increased 1.9% year-on-year to 2,370 million yen and operating profit decreased
4.1% year-on-year to 518 million yen.
In the Information Publishing Business, the volume of advertisements in Iezukuri Navi, a housing information
magazine was firm and Cococolor Iezukuri housing concierge services performed well. The posting service businessusing flyers inserted in newspapers and other publications also posted a solid performance. However, the performanceof the lifestyle information magazines in Ishikawa, Toyama and Niigata prefectures remained impacted by intensecompetition.
Overall, Information Publishing segment sales decreased 3.3% year-on-year to 1,292 million yen and operating
profit decreased 98.5% to 0 million yen.
In other business, advertising revenue continued to increase in the Internet-Related Business at Nihon no Jinjibu(Japan’s Human Resources Department), an information portal site for human resources and labor relations. In
response to the strong demand for this type of information, Nihon no Jinjibu extended to two weeks its HR
Conference 2017 Autumn, which took place in November. Nihon no Jinjibu’s HR Conferences are Japan’s largest
human resources event. QUICK is also launching services in response to emerging market trends. One example isthe HR Technology Conference 2017, which was held concurrently with HR Conference 2017 Autumn inrecognition of the rapid growth of interest in human resource technologies.
In Overseas Business, QUICK USA, Inc. is continuing to deal with a seller’s market for legal foreign workers in
the United States because of stricter rules for granting working visas. Competition for the registration of people
who speak English and Japanese is becoming increasingly heated. Despite this challenging environment, QUICK
USA continued its steady growth in both the personnel placement and temporary staffing categories.
At Shanghai QUICK Co., Ltd., the performance of the core personnel and labor consulting operations was strong
because of the demand at client companies for consultations, training and other forms of assistance.
The performance of QUICK GLOBAL MEXICO, S.A. DE C.V., was strong due to the placement of interpreters,
salespeople, accountants and other workers at Japanese companies in Mexico as Japanese automakers continue toexpand operations in this country.
At Centre People Appointments Limited, the personnel placement business performed well.
Overall, sales in other businesses increased 32.1% year-on-year to 1,005 million yen and operating profit
increased 23.9% year-on-year to 182 million yen.
As a result of these factors, sales and earnings set a new record for the first nine months. Net sales increased
14.8% year-on-year to 12,218 million yen, operating profit increased 13.0% year-on-year to 1,909 million yen,ordinary profit increased 13.2% year-on-year to 1,983 million yen, and profit attributable to owners of parent
increased 17.5% year-on-year to 1,391 million yen.
(2) Explanation of Financial Position
Total assets at the end of the third quarter of the fiscal year under review were 9,289 million yen, which was 11
million yen less than at the end of the previous fiscal year. This was mainly the result of a decrease in notes andaccounts receivable-trade despite increases in cash and deposits, and investment securities.
Total liabilities were 2,511 million yen, which was 993 million yen less than at the end of the previous fiscal year.
This was mainly the result of decreases in accounts payable-trade and income taxes payable.
Net assets were 6,778 million yen, which was 982 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 to ownersof parent. Consequently, the shareholders’ equity ratio increased 10.5 percentage points from the end of theprevious fiscal year to 72.8%.

2QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/18(3) Explanation of Consolidated 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, 2018 that was announced in the “Summary of Consolidated Financial Results for the Fiscal Year Ended
March 31, 2017 (Japanese GAAP)” on April 28, 2017.
An announcement will be made promptly if the review of impact on the Group’s business performance requires arevision to these forecasts.

3

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/18

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheet(Thousands of yen)
Third quarter of FY3/18(As of Dec. 31, 2017)

FY3/17(As of Mar. 31, 2017)
AssetsCurrent assets
Cash and deposits

4,669,428

4,829,668

Notes and accounts receivable-trade

1,784,605

1,202,225

Deferred tax assets

201,772

66,129Other334,404

286,218

Allowance for doubtful accounts
Total current assets(1,845)(1,272)

6,988,364

6,382,968

391,561

478,842

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

2,749

4,745

Tools, furniture and fixtures, net

64,87776,807

Land

276,869

276,869

7,915

8,864

Leased assets, net
Other
Total property, plant and equipment

-

3,801

743,973

849,930

Intangible assets
Goodwill-

141,473

Leased assets

16,514

8,590

Other

203,055

212,590

Total intangible assets

219,569

362,654

Investment securities

882,788

1,127,053

Lease deposits

410,030

507,881

Investments and other assets

Deferred tax assets

3,479

3,252

Other

70,99667,995

Allowance for doubtful accounts(18,527)(12,318)

Total investments and other assets

1,348,767

1,693,863

2,312,310

2,906,448

9,300,675

9,289,417

Total non-current assets
Total assets

4

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/18(Thousands of yen)
Third quarter of FY3/18(As of Dec. 31, 2017)

FY3/17(As of Mar. 31, 2017)
Liabilities
Current liabilities
Accounts payable-trade653,118

241,341

Short-term loans payable

189,902

239,000

Accounts payable-other713,656

693,900

Accrued expenses

376,407420,522

Income taxes payable

522,873

205,085

Provision for bonuses

406,918

101,395

Provision for directors’ bonuses

52,450-

Provision for repayment

15,00012,400Asset retirement obligations

1,465

-

369,478

300,6293,301,271

2,214,274

Deferred tax liabilities

153,568

240,315

Asset retirement obligations

37,96547,542

Other

11,705

9,084

Total non-current liabilities

203,239

296,9423,504,510

2,511,216

351,317351,317

Other
Total current liabilities
Non-current liabilities

Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus

307,998

307,998

Retained earnings

4,728,581

5,487,639

Treasury shares(19,019)(19,111)

Total shareholders’ equity

5,368,878

6,127,844

420,525

626,772

6,760

10,238427,285

637,011

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

5-

13,344

5,796,164

6,778,200

9,300,675

9,289,417

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/18(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(For the Nine-month Period)First nine months of FY3/17(Apr. 1, 2016 – Dec. 31, 2016)(Thousands of yen)First nine months of FY3/18(Apr. 1, 2017 – Dec. 31, 2017)

Net sales

10,645,216

12,218,193

Cost of sales

4,057,368

4,905,534

Gross profit

6,587,847

7,312,658

Selling, general and administrative expenses

4,899,008

5,403,563

Operating profit

1,688,838

1,909,095

Non-operating income
Interest income

77

77

Dividend income

8,208

13,444

Sale cooperation fee

26,000-Book sales commission

16,684

16,363

Subsidy income-

20,495

Other

14,96028,102

Total non-operating income

65,93078,483

2,033

1,849

Foreign exchange losses

-

2,286

Other

75

177

2,109

4,313

1,752,659

1,983,266

Loss on sales of non-current assets

514

50

Loss on retirement of non-current assets

159-

Total extraordinary losses

673

50

Non-operating expenses
Interest expenses

Total non-operating expenses
Ordinary profit
Extraordinary losses

Profit before income taxes

1,751,985

1,983,215

Income taxes-current

567,926

457,666

Income taxes-deferred(507)

132,082

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

6567,418

589,749

1,184,567

1,393,466

-

1,915

1,184,567

1,391,550

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/18

Quarterly Consolidated Statement of Comprehensive Income(For the Nine-month Period)First nine months of FY3/17(Apr. 1, 2016 – Dec. 31, 2016)(Thousands of yen)First nine months of FY3/18(Apr. 1, 2017 – Dec. 31, 2017)

1,184,567

1,393,466

Valuation difference on available-for-sale securities

100,768

206,247

Foreign currency translation adjustment(18,094)

3,840

ProfitOther comprehensive income

Total other comprehensive income

82,673210,088

1,267,240

1,603,555

Comprehensive income attributable to owners of parent

1,267,240

1,601,276

Comprehensive income attributable to non-controllinginterests

-

2,278

Comprehensive income
Comprehensive income attributable to7

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/18(3) Notes to Quarterly Consolidated Financial Statements
Going-concern Assumption
Not applicable.
Significant Changes in Shareholders’ Equity
Not applicable.
Segment Information
I. First nine months of FY3/17 (Apr. 1, 2016 – Dec. 31, 2016)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment(Thousands of yen)Amount in
the quarterly
Adjustment consolidated(Note 2)statement ofincome(Note 3)

Human
Resources
Services
Business

Recruiting
Business

Information
Publishing
Business

Subtotal

Other(Note 1)

Total

6,220,387

2,326,829

1,336,781

9,883,998

761,218

10,645,216-

10,645,216

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

2,691

3,537

5,219

11,44749,93961,386(61,386)-

6,223,078

2,330,366

1,342,000

9,895,445

811,157

10,706,603(61,386)

10,645,216

Segment profit

1,353,531

540,230

57,656

1,951,418

146,979

2,098,397(409,558)

1,688,838

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 (409,558) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
94,622 thousand yen, and (504,181) 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.
3. 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.

8

QUICK CO., LTD. (4318) Financial Results for the Third Quarter of FY3/18

II. First nine months of FY3/18 (Apr. 1, 2017 – Dec. 31, 2017)
1. Information pertaining to net sales and profit/loss in reportable segments
Reportable Segment
Human
Resources
Services
Business

Recruiting
Business

Information
Publishing
Business

7,549,825

2,370,490

1,292,453 11,212,770 1,005,423

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

1,309

20,7137,551,135

2,391,204

Segment profit

1,668,109

518,324

Subtotal

Other(Note 1)

Total

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

12,218,193-

12,218,193

35,144

63,820(63,820)-

1,299,106 11,241,445 1,040,568

12,282,014(63,820)

12,218,193

2,369,372(460,277)

1,909,095

6,652

874

28,6752,187,307

182,064

Notes: 1. “Other” represents the businesses which are not included in any of the reportable segments and mainly consistsof Internet-Related Business and Overseas Business.
2. The (460,277) thousand yen adjustment to segment profit includes elimination for inter-segment transactions of
101,408 thousand yen, and (561,685) 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.
3. 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