NB: This document is a translation of the Japanese original and is provided for information purposes only.

Summary of Consolidated Financial Results for the 3rd Quarter of the Fiscal YearEnding March 2019 (Based on Japanese GAAP)
14 February 2019
Listedcompanyname:
Stock code:

PERSOL HOLDINGS CO., LTD.
2181

Representative(Title)Inquiries(Title)Scheduled date to filequarterly report:

Stock Exchange Listing: Tokyo

URL https://www.persol-group.co.jp
Representative Director,
Masamichi Mizuta
President and CEO
Director, Executive Officer
Kiyoshi Seki
(Chief Financial Officer)
Scheduled date to
14 February 2019
commence
dividend payments:

TEL +81 03-3375-2220―

Preparation of supplementary
quarterly results explanatory material
yes/no: Yes
Quarterly results briefing session
yes/no: No(Amounts less than JPY 1 million rounded down)
1. Consolidated Results for the 3rd Quarter of the Fiscal Year Ending March 2019 (April 1, 2018 - December 31, 2018)(1) Consolidated Operating Results (cumulative)(% indicates ratio of change from same quarter last year)
Quarterly net profit
Sales
Operating Profit
Ordinary Profit
attributable to ownersof parent
JPY Million% JPY Million% JPY Million% JPY Million%
3rd Quarter of the Fiscal
685,23138.4
32,07423.8
32,193
23.3
18,738
72.3
Year Ending March 2019rd
3 Quarter of the Fiscal
495,085
15.3
25,8992.4
26,104
1.5
10,872△27.6
Year Ended March 2018
Note:
Comprehensive
income3rd Quarter of the
Fiscal Year Ending
March 201913,221 JPY Million (15.9%)

3rd Quarter of the
Fiscal Year Ended
March 2018

11,403 JPY Million

Quarterly profit per share

Current net profit per share after
adjustment for dilution

JPY

JPY

80.31

80.30

46.55

46.55

3rd Quarter of the Fiscal YearEnding March 2019
3rd Quarter of the Fiscal Year
Ended March 2018(△24.0%)(2) Consolidated Financial Position
Total Assets
JPY Million

Net Assets
JPY Million

365,083

168,04141.9

402,336

159,992

36.2

3rd Quarter of the Fiscal YearEnding March 2019
FY Mar 2018
Reference: Equity capital

3rd Quarter of the Fiscal
Year Ending March 2019

153,140－

JPY
Million1 －FY Mar 2018

Equity Ratio%

145,537

JPY
Million2. Dividend Status
Annual Dividend
End Q1End Q2JPY－－

FY Mar 2018
FY Mar 2019
FY Mar 2019 (Forecast)

End Q3

JPY
9.00
10.00

JPY
－
－

End of FY
JPY
10.00

TOTAL
JPY
19.00

10.00

20.00

Note: Revision of most recently announced dividend forecast yes/no: No
3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 2019 (April 1, 2018 - March 31, 2019)(% indicates ratio of change from same quarter last year)
Sales

Full Year

JPY Million
940,000%
30.2

Operating Profit

Ordinary Profit

Current period net profit
Current period net
attributable to parent
profit per sharecompany shareholders

JPY Million
42,500JPY Million%
41,500 18.2

JPY Million
21,800

%
17.8

%
180.6

JPY
93.21

Note: Revision of most recently announced financial results forecast yes/no: No※ Explanatory Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in a change in thescope of consolidation): No
Newly established: 4 Companies (company name); Excluded: - Ltd. (company name)(2) Application of special accounting treatment when preparing quarterly consolidated financial statements: No(3) Changes in accounting policies/changes in accounting estimates/restatement of prior period financial statements① Changes in accounting policies due to revisions to accounting standards etc.: No② Changes in accounting policies other than ①:No③ Changes in accounting estimates:
No④ Restatement of revised statements:
No(4) Number of fully issued shares (ordinary shares)① Number of fully issued shares at
3Q FY March 2019
period end (including treasury shares)② Treasury shares at period end
3Q FY March 2019
③ Average number of shares during
3Q FY March 2019
the period (cumulative quarter)(Unit: shares)
236,704,861 FY Mar 2018236,677,955

3,257,705 FY Mar 2018

3,406,634

233,331,459 3Q FY March 2018

233,557,977

Note: Number of treasury stock at the end of period: Includes PHD shares held in the "Director Compensation BIP(Board Incentive Plan) trust account", and the "Employee Stock Ownership Plan trust account" ("ESOP
Trust") (3Q of fiscal year ending March 2019: 578,648 shares, 3Q of fiscal year ending March 2018: 589,571
shares). Furthermore, PHD shares held in the "Director Compensation BIP (Board Incentive Plan) trust
account", and the "Employee Stock Ownership Plan trust account" ("ESOP Trust") are included in treasury
stock which are deducted when calculating the average number of shares held in the period.
※ Summaries of quarterly consolidated financial accounts are not subject to quarterly review by Certified Public
Accountants or audit firms.
※ Explanation of appropriate usage of financial results forecasts and other special explanatory notes:(Note regarding forward looking statements etc.)
The financial results outlook etc. and forward-looking statements noted in this material are based on certain
assumptions PHD deems rational and information currently at hand, which are not meant to be taken as an
assurance by PHD that outcomes will be realized. Furthermore, actual financial results etc. may vary greatly due tovarious factors.
(Change to method of presenting dates)
From the "Summary of Consolidated Financial Results for the 1 st Quarter of the Fiscal Year Ending March 2019"
onwards, the method of presenting dates will change from use of the Japanese calendar to the the Western-stylecalendar.
－2 －○Contents of Attachments
1. Qualitative information regarding the financial results for this quarter……………………………………………..…

4(1) Explanation regarding business performance ………………………………………………………………………

4(2) Explanation regarding the financial position …………………………………………………………………………

6(3) Explanation regarding future forecast information (Consolidated results forecast etc.) …………………..……

7

2. Quarterly consolidated financial statements & main explanatory notes …..…………………………………………

8(1) Quarterly consolidated balance sheet ….……………………………………………………………………………

8(2) Quarterly consolidated profit & loss statement & quarterly consolidated comprehensive income statement…

10

Quarterly consolidated profit & loss statement…….……………………………………………………………

10

Consolidated cumulative 3rd quarter period …….……………………………………….……………………

10

Quarterly consolidated comprehensive income statement ….…………………………………………………

11

Consolidated cumulative 3rd quarter period ……..……………………………………………………………

11(3) Explanatory notes regarding quarterly consolidated financial statements ………………………………………

12(Explanatory notes regarding ongoing concern assumptions …………………………………………………..…

12(Explanatory notes in the event of significant changes in the amount of shareholders’ equity) ………………

12(Application of special accounting treatment when preparing the quarterly consolidated financial statements )12(Changes in accounting policy)…………………………………………………………………………………………

12(Additional Information) …………………………………………………………………………………………………

12(Segment information etc.)…………………………………………………………………………………………… 13－

3 －1. Qualitative information regarding the financial results for this quarter(1) Explanation regarding business performance
The future continues to remain unclear with a heightened degree of uncertainty in the global economy due to
US/China trade tensions, and England's exit from the EU. Japan's economy in the consolidated cumulative third
quarter period under review was assisted by various domestic economic policies and continued to experiencemoderate economic growth.
The employment situation in Japan experienced solid recovery with the 2018 average ratio of job offers to job
seekers reaching a multiple of 1.61 times: a 45-year record high, and employment levels also continued toremain high. In an employment environment where Japan is approaching full-employment, various humanresources related companies find themselves confronted with labor force shortages coupled with abundant
demand. That said, the human resources related market in Japan tended to be sound overall. PERSOL Groupbusiness results grew due to: enhancements made to strengthen the sales structures in the recruitment business
which led to an increase in the number of hire contracts that were successfully closed, steady growth in the
PERSOLKELLY segment, and the inclusion of the PROGRAMMED segment etc.
In this type of environment, PHD Group continued to make progress in changing the trading names ofsubsidiaries of various businesses with a "PERSOL" prefix. PERSOL aims to resolve challenges relating tolabor/employment in various sectors by leveraging the integrated strengths within PERSOL Group and which
also extend beyond sectoral boundaries.
On 1 October 2018, the Temporary Staffing/BPO segment merged 7 temporary labor businesses into its"PERSOL TEMPSTAFF" entity, and 3 companies merged into one single company in its BPO business. The
information held by each of these subsidiaries (registered staff/candidate registrations, customer information, andmarket information) will be aggregated, and IT technology utilized to enhance the precision and speed ofmatching job opportunities with candidates. Also, with effect 1 January 2019, the Temporary Staffing/BPO
segment acquired the shares of MOL Career Support, Ltd., and on 31 January 2019 acquired shares of AvantiStaff Corporation. This will strengthen PERSOL TEMPSTAFF's coverage of specialized roles such as tradesupport and finance administration more than ever before, with the aim of these moves being to further enhance
corporate value.
The PERSOL Career entity within the Recruiting segment re-branded its 8-year-old "DODA" job change
support service brand to "doda" in October 2018. In line with changing times, PERSOL endeavors to express its
respect of the value of a diverse range of working people and to evolve into a brand that supports the "work" ofeach and every person by aiming to assist even more of those individuals who want to change jobs.
PERSOL's overseas businesses saw sales grow steadily within the PERSOLKELLY segment following
success in incorporating expansion of its sales organization more than previously, and with the promising APAC
region as a backdrop. The aim is to continue to further strengthen the competitiveness of PERSOL's twooverseas segments by enhancing PERSOL's presence in the APAC region by expanding the business in themedium to long term together with the PROGRAMMED segment which has a large business platform in Australia.
In additional, aiming to engage in new types of business, a new company providing an integrated support
platform for freelancers ("Sharefull Inc.") was established in January 2019 as a joint investment with Lancers Inc.
Labor shortages are becoming more severe but on the other hand, in addition to their current jobs, the trend isfor an increased number of freelance workers that aspire to work for short periods /limited hours. As such, the"Sharefull Inc." on-demand matching platform has been made available to flexibly address the diversification ofwork-styles.
As a result of the above, sales during this consolidated cumulative 3rd quarter were JPY 685,231 million (up38.4% year-on-year (YoY)), operating profit was JPY 32,074 million (up 23.8% YoY), ordinary profit was JPY
32,193 million (up 23.3% YoY), and quarterly net profit attributable to parent company shareholders was JPY
18,738 million (up 72.3% YoY).
Business results by segment (before inter-segment/company write-offs) are as follows:－

4 －① Temporary Staffing/BPO Segment
Sales in this segment during this cumulative 3rd quarter consolidated period amounted to JPY 378,435
million (up 5.3% year-on-year (YoY)), and operating profit was JPY 18,015 million (up 6.5% YoY).
With a transition to high levels of corporate results and structural shortages of labor as a backdrop to thisconsolidated cumulative 3rd quarter period, demand continued to be strong resulting in sales of JPY 378,435
million. On the profit side of the business, there was an increase in costs related to the merger of subsidiaries,
but on the other hand, there was an increase in placement fee revenues associated with effects of revisions toJapanese laws that led to corporate clients directly hiring workers. As a result of sales and generaladministration (SGA) expense control, operating profit was JPY 18,015 million.
② Recruiting Segment
Sales in this segment amounted to JPY 62,249 million (up 18.0% YoY) during this consolidated cumulative
3rd quarter period, and operating profit was JPY 10,770 million (up 56.3% YoY).
Sales in this segment during this consolidated cumulative 3rd quarter period amounted to JPY 62,249 million
which were underpinned by continued healthy demand for talent and a shift in awareness relating to changing
jobs was mainly reflected in an increase in the number of hire contracts that were successfully closed etc.
leading to sales of JPY 62,249 million. On the profit side, marketing costs relating to "doda" branded recruiting
declined, and sales structures were reinforced by actively investing in headcount which culminated in a growthof costs. However, the HR placement business played a leading role in expanding sales which resulted inearnings growth exceeding cost growth, leading to operating profit of JPY 10,770 million.
PROGRAMMED Segment③

Sales in this segment amounted to JPY 151,331 million during this consolidated cumulative 3rd quarter
period, and operating profit was JPY 237 million (operating loss in the same period last year was JPY 804
million).
The competitive environment faced by the staffing business changed this consolidated cumulative 3rd quarter
period which in turn led to a decline in sales to existing clients. The maintenance business also experienced
declines in sales of maintenance services to public sector facilities as well as a decline in equipment
maintenance provided at mining facilities which resulted in sales of JPY 151,331 million. On the profit side,
operating profit was JPY 237 million as a result of operating cost reductions.
Furthermore, shares of Programmed Maintenance Services Limited were acquired for the PROGRAMMED
segment during the previous consolidated cumulative 3rd quarter period leading to a new consolidated
subsidiary, and the establishment of a new segment. The closing day of the consolidated cumulative 3rdquarter period for PERSOL Group by 3 months and the deemed acquisition date of the combined corporation
was 30 September 2017 whereby the results of the corporation targeted for acquisition were not included in
the previous consolidated cumulative 3rd quarter period; it was only the costs associated with the acquisition
that were included in the calculations.
PERSOLKELLY Segment④

Sales in this segment during this consolidated cumulative 3rd quarter period were JPY 55,495 million (up14.5% YoY), and operating profit was JPY 647 million (operating loss in the same period last year was JPY
314 million).
Sales in this segment during this consolidated cumulative 3rd quarter period amounted to JPY 55,495 million
which was the result of expanded sales structures achieved through active strengthening of sales teamheadcount etc. in response to the buoyant APAC market environment. On the profit side, operating profit was
JPY 647 million reflecting an increase in labor costs etc., but on the other hand, revenues from services
centered primarily on placement services exceeded cost growth.

－

5 －ITO Segment⑤

Sales in this segment during this consolidated cumulative 3rd quarter period amounted to JPY 23,869 million(up 13.6% year-on-year (YoY)), and operating profit was JPY 844 million (down 36.7% YoY).
Sales in this segment during this consolidated cumulative 3rd quarter period amounted to JPY 23,869 million
which was the result of progress made in securing engineers in response to healthy demand. On the profit side,
operating profit was JPY 844 million as a result of growing costs etc. due to improvements in benefits andproactive business expansion related costs.
Engineering Segment⑥

Sales in this segment amounted to JPY 21,371 million (up 6.0% YoY) during this consolidated cumulative 3rdquarter period, and operating profit was JPY 1,816 million (up 25.1% YoY).
Sales during this consolidated cumulative 3rd quarter period amounted to JPY 21,371 million which had as a
backdrop bullish ordering from clients underpinned by favorable demand for development services in the coreautomobile related sector. On the profit side, operating profit was JPY 1,816 million supported by a healthy
flow of orders.
(2) Explanation regarding the financial position① Status of assets, liabilities, and net asset
Total assets decreased by JPY 37,252 million compared with the end of the previous consolidated accounting
fiscal year. Current assets decreased by JPY 25,241 million, and fixed assets decreased by JPY 12,010 million.
The main reason for the decrease in current assets was a decrease in cash and deposits by JPY 16,087 million
etc. The main reason for the decrease in fixed assets was a decrease in goodwill by JPY 10,198 million etc.
Liabilities decreased by JPY 45,301 million compared to the end of the previous consolidated accounting fiscal
year. Current liabilities decreased by JPY 84,614 million, and non-current liabilities increased by JPY 39,313
million. The main reason for the decrease in current liabilities was a decrease in short-term loans payable by JPY
67,339 million etc. The main causes of the increase in non-current liabilities were: an increase in corporate bonds(up by JPY 20,000 million), and an increase in long-term loans payable (up by JPY 20,000 million) etc.
Net assets increased by JPY 8,048 million compared to the end of the previous consolidated accounting fiscal
year. This was mainly caused by: payable dividends of surplus of JPY 4,677 million, and posting JPY 18,738
million in quarterly net profit attributable to parent company shareholders etc. which resulted in increased
retained earnings of JPY 14,061 million.
FY Mar 2019
Consolidated cumulative

FY Mar 2018

3rd quarter period
Return on Assets (ROA)

5.3%

2.2%

Return on Equity (ROE)

12.5%

5.5%

Ratio of operating income to sales

4.7%

5.0%

Ratio of ordinary profit to sales

4.7%

4.9%

Current ratio

155.0%

106.2%

Fixed assets ratio

104.3%

118.0%

Equity ratio

41.9%

36.2%

Total assets

JPY 365,083 million

JPY 402,336 million

Equity capital

JPY 153,140 million

JPY 145,537 million

Cash and cash equivalents etc. at end of period

JPY 73,468 million

JPY 89,566 million

Note: "Partial revision of "Accounting standards pertaining to Tax Effective Accounting" (Japan Corporate
Accounting Standard No. 28 of 16 Feb 2018) etc. have been applied since the beginning of this consolidated
accounting 1st quarter period. Said accounting standard etc. was retroactively applied to subsequent indicatorsand the main management indicators etc. noted above that relate to the previous consolidated fiscal year.

－

6 －② Business and financial challenges that must be addressed
There were no significant changes in this consolidated cumulative 3rd quarter period to the challenges thatmust be addressed by PERSOL Group.
(3) Explanation of future forecast information (consolidated results forecast etc.)
Business results in this consolidated cumulative 3rd quarter period was on the whole largely as anticipated. For
this reason, the consolidated results forecast has not been changed since being released on 15 May 2018.

－7 －2. Quarterly consolidated financial statements & main explanatory notes(1) Quarterly consolidated balance sheet
Previous
consolidated fiscal year
(March 31, 2018)
AssetsCurrent Assets
Cash and deposits
Notes and accounts receivable-trade
Work in process
Other
Allowance for doubtful accounts
Total current assets
Non-Current Assets
Fixed assets
Buildings and structures, net
Tools, furniture and fixtures, net
Land
Other, net
Tangible fixed assets total
Intangible assets
Trademark rights
Goodwill
Other
Intangible assets total
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total Fixed assets
Total Assets－

8 －(Unit: JPY million)
This 3rd quarter consolidated
accounting period(December 31, 2018)

89,624120,254
8,049
13,251△627
230,552

73,537
114,260
8,729
9,351
△569
205,310

3,237
1,234
802
2,718
7,993

3,345
1,168
779
2,372
7,685

11,152102,113
20,629133,894

10,43391,914
21,789124,137

12,542
4,636
12,732△16
29,895
171,783
402,336

11,226
3,554
13,182△14
27,949159,773
365,083

Previous consolidated
fiscal year
(March 31, 2018)(Unit: JPY million)
This 3rd quarter consolidated
accounting period(December 31, 2018)

1,597
85,2884,640
67,4098,905
13,7969,931
6736
24,788217,102774
17,9492,320
64,458
5,398
13,4196,090
25
750
21,300132,487－
15,713
5,209
1,174
126
115
268
2,634
25,241
242,343

20,00035,713
4,721
381
228
216
197
3,095
64,554
197,042

17,467
20,182
105,993△4,576
139,066

17,47920,396
120,054△4,390
153,539

3,179
3,291
6,470
14,455
159,992
402,336

1,896△2,295△399
14,901
168,041
365,083

Liabilities
Current Liabilities
Accounts payable – trade
Short-term loans payable
Current portion of long-term loans payable
Accounts payable
Accrued income taxes
Accrued consumption taxes
Provision for bonuses
Reserve for bonuses for Directors
Provisions - other
Other
Total Current Liabilities
Non-Current Liabilities
Bonds payable
Long-term loans payable
Deferred tax liabilities
Liabilities related to retirement benefits
Provision for share benefits
Provision for Directors' share benefits
Provisions - other
Other
Total Non-current liabilities
Total Liabilities
Net assets
Shareholders' equity
CapitalCapital surplus
Retained earnings
Treasury shares
Total Shareholders' Equity
Accumulated other comprehensive income
Valuation difference on marketable securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total Liabilities and shareholders' equity－

9 －(2) Quarterly consolidated profit and loss statement & quarterly consolidated comprehensive income statement(Quarterly consolidated profit and loss statement)(Consolidated cumulative 3rd quarter period)

Sales
Cost of sales
Gross profit
Selling, general and administrative expenses (SGA)
Operating Profit
Non-operating income
Interest income
Dividends income
Subsidy income
Share of profit of entities accounted for using
equity method
Gains on foreign currency exchange
Other
Total non-operating profit
Non-operating expenses
Interest expenses
Bond issuance expenses
Losses on foreign exchange
Other
Total non-operating expenses
Ordinary Profit
Extraordinary income
Gain on sales of subsidiaries and affiliates’ shares
Gain on revision of retirement benefit plan
Gain on sales of investment securities
Gain on sales of fixed assets
Gain on revision of retirement benefit plan
Extraordinary income total
Extraordinary losses
Loss on disposal of non-current assets
Impairment loss
Loss on sales of subsidiaries and affiliates’ shares
Loss on valuation of investment securities
Early extra retirement payments
Loss on revision of retirement benefit plan
Total extraordinary losses
Net quarterly profit before taxes etc.
Corporate tax, resident tax, and business tax
Corporate tax etc.-deferred
Total corporate taxes etc.
Quarterly net profit
Quarterly net profit/loss (△) attributable tonon-controlling shareholders
Quarterly net profit attributable toparent company shareholders(Unit: JPY million)
Previous consolidated
This consolidated cumulative
cumulative 3rd quarter period
3rd quarter period(From April 1, 2017
(From April 1, 2018
To Dec 31, 2017)
To Dec 31, 2018)
495,085
685,231376,761
533,979
118,323
151,252
92,424
119,178
25,89932,074

－

10 －

22
111
503

29
138
204

56

232

－
103
796

329
65
999

111
－
444
34
591
26,104

664
102
－
112
880
32,193

0
2
65
－
－
68

62
－
111
38
56
268

－
5,584
－
28
17
261
5,891
20,2819,001
1,382
10,384
9,896

18
167
3
14
－
－
204
32,257
10,4401,524
11,965
20,292

△975

1,553

10,872

18,738(Quarterly consolidated comprehensive income statement)(Consolidated cumulative 3rd quarter period)

Quarterly net profit
Other comprehensive income
Valuation difference on marketable securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans,
net of tax
Total other comprehensive income
Quarterly comprehensive income(Breakdown)
Quarterly comprehensive income attributable toparent company shareholders
Quarterly comprehensive income attributable tonon-controlling interests(Unit: JPY million)
Previous consolidated
This consolidated cumulative
cumulative 3rd quarter period
3rd quarter period(From April 1, 2017
(From April 1, 2018
To Dec 31, 2017)
To Dec 31, 2018)
9,896
20,292

－

11 －

723
783

△1,282△5,642

－

△145

1,506
11,403△7,07013,221

12,268

11,868

△864

1,352

(3) Explanatory notes regarding quarterly consolidated financial statements(Explanatory notes regarding ongoing concern assumptions)No applicable matters.
(Explanatory notes in the event of significant changes in the amount of shareholders’ equity)
No applicable matters.
(Application of special accounting treatment when preparing the quarterly consolidated financial statements)
No applicable matters.
(Changes in accounting policy)
For some of the subsidiaries that exist overseas, from the 1 st quarter consolidated accounting period onwards,
IFRS Article 9 (financial products) and, IFRS Article 15 (earnings arising from contracts with clients) were applied. The
impact of the application of said accounting standard on the quarterly consolidated financial statements is deemed to
be insignificant.
(Additional information)
Application of partial revisions to the "Accounting standards pertaining to Tax Effective Accounting" etc.
Application of partial revisions to the "Accounting standards pertaining to Tax Effective Accounting" etc. (Corporate
Accounting Standards; Article 28 of 16 Feb 2018) etc. occurred at the beginning of the quarterly consolidated
accounting period. Deferred tax assets were shown in the "Investments & other assets" classification, and Deferred
tax liabilities were shown in the "Non-current liabilities" classification.

－

12 －

(Segment information etc.)(Segment information etc.)
1. Information regarding sales, profits or losses for each reporting segment
Previous consolidated cumulative 3rd quarter period (from April 1, 2017 to December 31, 2017)(Unit: JPY million)
Reporting segment
EngineeringITO

PERSOL KELLYPROGRAMMED

Recruiting

Temp/BPO

TotalamountOther
Note 1:TOTAL

Quarterly
consolidated
Adjustments profit andNote 2:loss
statement
Note 3:

Sales
Sales toexternal

357,685 52,081－

48,405 15,528 20,148 493,848 1,235 495,084

0

495,085

9,649△9,649－48,452 21,004 20,154 501,611 3,123 504,734△9,648495,085572

25,899clients
Internal sales
or transfers
between

1,577

655

－

359,263 52,736

－

47

5,476

6

7,762 1,887

segments
Total amount
Segment profits
or losses (△)

16,908

6,890

△804

△314

1,335

1,451

25,466 △13925,327This consolidated cumulative 3rd quarter period (from April 1, 2018 to December 31, 2018)(Unit: JPY million)
Reporting segment
EngineeringITO

PERSOL KELLYPROGRAMMED

Recruiting

Temp/BPO

TotalamountOther
Note 1:TOTAL

Quarterly
consolidated
Adjustments
profit and loss
Note 2:statement
Note 3:

Sales
Sales toexternal

376,316 61,384 151,331 55,450 17,716 21,365 683,565 1,656

685,2229685,2319,186 2,563

11,749△11,749－

378,435 62,249 151,331 55,495 23,869 21,371 692,751 4,219

696,971△11,739685,231

32,333 △175

32,157△83

32,074clients
Internal sales
or transfers
between

2,119

864

－

44

6,152

5

segments
Total amount
Segment profits
or losses (△)

18,015 10,770

237

647

844

1,816

Note: 1 The "Other" category refers to business segments that are not included in reporting segments that include HR services
which fulfill Group-wide functions such as: shared-services, education and training etc.
2. Details of these revisions are as follows.

－

13 －

(Unit: JPY million)
Previous consolidated cumulative This consolidated cumulative
3rd quarter period
3rd quarter period
Inter-segment write-offs

△214

△184

Company-wide revenues ※1

5,977

6,880

Company-wide expenses ※2△5,190△6,779

572

△83

TOTAL

※1. Company-wide revenues: mainly business management fees from Group companies, and dividends received.
※2. Company-wide expenses: mainly expenses arising in PHD related to management of Group companies.
3. Segment profit and loss: Adjusted with operating profit calculated in the quarterly consolidated profit and loss statement.

2. Information relating to assets of each reporting segment
Previous consolidated cumulative 3rd quarter period (from April 1, 2017 to December 31, 2017)
During the previous consolidated cumulative 3 rd quarter period, a new acquisition of Programmed
Maintenance Services Limited shares took place, and its subsidiaries have been included in the scope of
consolidation. Accordingly, assets of the reporting segments increased by JPY 128,392 million in
PROGRAMMED segment during this cumulative 3rd quarter consolidated period.
This consolidated cumulative 3rd quarter period (from April 1, 2018 to December 31, 2018)
No applicable matters.
3. Matters relating to reporting segment changes etc.
Previous consolidated cumulative 3rd quarter period (from April 1, 2017 to December 31, 2017)
During the previous consolidated cumulative 3 rd quarter period, a new acquisition of Programmed
Maintenance Services Limited shares took place, and its subsidiaries have been included in the scope of
consolidation. Accordingly, companies in the ambit of the Programmed Ltd group of companies formed the
newly created "PROGRAMMED" Segment. Also, the segment demarcation formerly known as the"Overseas" Segment underwent a name change and became the "PERSOLKELLY" Segment. Thistransition is manifested in 6 reporting segments: Temporary Staffing/BPO, Recruiting, PROGRAMMED,PERSOLKELLY, ITO, and Engineering.
This consolidated cumulative 3rd quarter period (from April 1, 2018 to December 31, 2018)
No applicable matters.
4. Information concerning impairment losses of non-current assets or goodwill etc. in each reporting segment(Significant impairment losses relating to non-current assets)
Previous consolidated cumulative 3rd quarter period (from April 1, 2017 to December 31, 2017)
Goodwill was factored into calculations at the time that shares were acquired in consolidated subsidiaries
Capita Pte. Ltd., First Alliances Co., Ltd., Kelly Services (Singapore) Pte. Ltd., and Kelly Services (India)
Pvt. Ltd. However, anticipated profits can no longer be expected, so the book value has been reduced to
the recoverable value. As a result of these circumstances, an impairment loss of JPY 5,577 million wasbooked in relation to the PERSOLKELLY segment.
This consolidated cumulative 3rd quarter period (from April 1, 2018 to December 31, 2018)
Description is omitted due to insignificant effect on financial situation.
(Important changes to goodwill amounts)
Previous consolidated cumulative 3rd quarter period (from April 1, 2017 to December 31, 2017)
Goodwill in the PROGRAMMED segment increased by JPY 52,583 million as a result of the acquisitionof shares in Programmed Maintenance Services Limited with effect on October 27, 2017 and making it a
new consolidated subsidiary.
This consolidated cumulative 3rd quarter period (from April 1, 2018 to December 31, 2018)
No applicable matters.

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