Presentation Materials
regarding Today’s TimelyDisclosure
PERSOL HOLDINGS CO., LTD.
April 11, 2023

Copyright © PERSOL HOLDINGS CO., LTD. All Rights Reserved.

Highlights
1

Revision of full-year financial forecast for FY2022◼

Net profit is revised from ¥30.5B to ¥20.4B, due to impairment losses both in domestic
and overseas◼

Adjusted net profit, as an indicator for dividend payment, grows from ¥39.1B

to ¥41.0B.

2Change in dividend policy and forecast of dividend increase◼

50% of payout ratio for new mid-term management plan (April 2023 – March 2026)
to strengthen shareholder return based on the basic management policy of growth andcapital efficiency◼

Based on 50% payout ratio for new mid-term management plan, FY2022 revises payout

ratio from approx. 25% to approx. 35%, with 2nd half dividend hike from ¥21 to ¥40
per share.
Copyright © PERSOL HOLDINGS CO., LTD. All Rights Reserved.

2

1. Revision of full-year
financial forecast
for FY2022

Copyright © PERSOL HOLDINGS CO., LTD. All Rights Reserved.

Change of net profit in full-year financial forecast for FY2022・APAC SBU is performing as expected following mid-term management planannounced in Aug. 2022.
・Reviewing business portfolio and clarifying focus businesses
・Property Services (PPS)*1 business realized impairment loss.
Programmed＞Focus area: Staffing, Facility Management＞Others: PPS business…impairment loss

①Extraordinary loss
: ¥13.1B②Goodwill amortization: ¥9.0B③Tax adjustments, etc.
: ¥-1.5B(In billion yen)

＋20.6

41.0
↑
Forecast
disclosed inNov. 2022

39.1

Impairment loss
¥12.3B*1 Property Services business: painting business, etc. *2 Profit attributable to owners of parent4Forecast revision for FY2022
Impairment of a part of Programmed business triggered the downward
revision of full-year financial forecast of net profit by ¥10.1B.
Adjusted net profit is expected to be ¥41.0B（revised from ¥39.1B）(In million yen)

FY21

FY22

FY22(actual)(previous forecast*)(revised forecast)change1,060,893

1,210,000

1,210,000‐

Operating profit

48,14353,00053,000‐OP margin（％）

4.5%

4.4%

4.4%

‐

67,15075,20075,200‐EBITDA margin（％）

6.3%

6.2%

6.2%

‐Profit attributable toowners of parent

31,90630,50020,400-10,100

Adjusted net profit

39,52939,10041,000+1,900Adjusted EPS (¥)

171.60169.95178.36+8.41

Net sales

EBITDA* Previous forecast: forecast disclosed on November 11, 2022 (the same applies hereafter)

Net profit revised by¥-10.1B①PRG impairment loss:¥-8.3B②Domestic impairment loss:¥-4.0B③Tax deductions, etc.:¥＋2.2B
Extraordinary loss（upper①②) is neutral for
adjusted net profit, details
are described on the nextpage.

5(Reference) adjustment
Adjusted itemsAdjusted net profit

Profit attributable toowners of parent±

Adjusted EPS

Adjusted net profit

÷FY21

FY22

(in million yen)(actual)(Excluding the portion attributable tonon-controlling interests)±

Tax reconciliation related
to certain adjustment items

Average number of outstanding share during a year Average number of treasury share during a year

FY22(previous forecast) (revised forecast)changeProfit attributable toowners of parent

31,90630,50020,400-10,100

Adjustment item

7,889

9,563

22,151＋12,588（Extraordinary profit/loss）

-558

851

13,125＋12,274（Goodwill amortizationetc.）

8,448

8,712

9,025＋314

Attributable to noncontrolling interests

-48

-26

-14＋12

Tax reconciliation
related to certain
adjustment items

-218

-936

-1,536-600

Adjusted net profit

39,52939,10041,000＋1,900230,361,358

230,408,758

229,877,256-

171.60169.95178.36＋8.41

Number of shares*
Adjusted EPS*

sharesyen

Average number of outstanding share during a year - Average number of treasury share during a year

Adjusted items◼ Extraordinary
income/losses◼ Amortization ofintangible fixed asset
excluding goodwill driven
by business combination◼ Goodwill amortization

6２. Change in dividend
policy and forecastof dividend increase

Copyright © PERSOL HOLDINGS CO., LTD. All Rights Reserved.

Strengthening shareholder return(Upward revision of payout ratio)
To strengthen shareholder return based on the basic management policyof growth and capital efficiency, payout ratio (current：approx. 25％)
will grow to approx. 50% for mid-term management plan*1 for FY2025
Year-end
dividends
Interimdividends

40.0

22.0
13.0
13.0

20.0

21.0

FY2020

FY2021FY2022

Annual dividends¥26.0¥42.0（Forecast）¥61.0

Payout ratio*2

25.7％

24.5％

Approx. 35.0％

Total amount ofdividend（¥ million）

6,022

9,745 （Forecast）14,081*1 Mid-term management plan：period 2023/4～2026/3*2 Payout ratio after adjusted EPS

FY2025

Approx.

50％
8

Revision of year-end dividend forecast for FY2022(Increased dividend)
Payout ratio is revised from approx. 25% to approx. 35%
Annual dividend is changed from ¥42 to ¥61 per share
FY21(actual)

FY22FY22(previous forecast) (revised forecast)changeProfit attributableto owners of parent¥ mil.

31,90630,50020,400-10,100

Adjusted net profit¥ mil.

39,52939,10041,000+1,900¥171.60169.95178.36+8.41

Interim¥

20.0（Actual）21.0（Actual）21.0-Year-end

¥

22.0

21.0

40.0＋¥19.0

Annual

¥

42.0

42.0

61.0

＋¥19.024.5％

Approx. 25％

9,745

9,733

Adjusted EPS

Dividends

Adjusted EPS
payout ratio
Total amount ofdividend

Annual¥ mil.

Approx. 35％ ＋Approx. 10pt
14,081+4,3489Disclaimer

The statements concerning PERSOL HOLDINGS’s future business performances inthis material such as earnings forecasts are based on information available as ofApril 11, 2023 and certain assumptions deemed to be reasonable by PERSOLHOLDINGS, and do not mean that PERSOL HOLDINGS promises to achieve thesefigures. Actual results may differ materially from the statements due to a varietyof factors.
The figures and indicators included in this material have been released to facilitate
an appropriate understanding for business results and financial status of PERSOLGroup. Kindly note that not all the figures and indicators have been subjected toaudit and review by external auditors.

Copyright © PERSOL HOLDINGS CO., LTD. All Rights Reserved.