May 13, 2022
Company name:

UT Group Co., Ltd.

Representative:

Yoichi Wakayama, President,
Representative Director & CEO(Securities code:

2146, TSE Prime Market)

For inquiries:

Takahito Yamada, Senior Executive
Officer and Division Manager,
General Affairs DivisionTEL:+81-3-5447-1710

Notice of Revision of Earnings Targets in the Fourth Medium-term Business Plan
UT Group announces that its Board of Directors held a meeting on May 13, 2022 and has resolved to revise
its earnings targets for the Fourth Medium-term Business Plan up to FY3/2025 as its final year.
1. Reason for the revision
The Fourth Medium-term Business Plan started amid the uncertain outlook due to the continued spread of
COVID-19 infections. However, UT Group managed to minimize the COVID-19 impact in FY3/2021, the firstyear of the plan, and implemented aggressive hiring activities during the subsequent period of a sharp
recovery in personnel demand. This resulted to realize its sales target for FY3/2023 one year ahead ofschedule in FY3/2022.
In the core Manufacturing Business, we have increased the number of technical employees by promptly
responding to a sharp recovery in personnel demand, mainly in the Semiconductor and Electronic Parts
Sector and the Automotive-related Sector, under the One-stop Strategy for major manufacturers. At the sametime, we promoted the Area Platform Strategy, through which we aim to expand our business scale byacquiring major worker dispatch companies in local areas. Specifically, we acquired three corporate groups
based in the Kanto and Tokai areas and steadily strengthened our business base in various regions. In theSolution Business, we have been increasing the number of technical employees mainly through allianceswith major electrical equipment manufacturers, capturing demand for structural reforms by major corporategroups. We have also taken measures to improve our profitability through group reorganization, including theintegration of some operating companies, and the building of new hiring infrastructure in April 2022.
Concerning the future business environment, the supply and demand balance for human resources in Japanis expected to remain tight due to the shortage of human resources in the manufacturing sector despite theongoing concerns such as about resource price hikes and inflation.

1 / 2In light of the above situation, we have decided to revise our earnings targets, anticipating sufficient
opportunities to further expand our share of existing businesses by continuing to promote the three businessstrategies of the Fourth Medium-term Business Plan. We will strive to achieve the plan targets by providing
services that meet the corporate personnel needs, while enhancing our support for career formation and ourhiring capabilities in order to continue to be selected by job seekers more than ever before.
2. Revised earnings targets(Billion yen)
Fourth Medium-term Business Plan
Net sales

FY3/2020

FY3/2021

FY3/2022

FY3/2023E

FY3/2024E

FY3/2025E-103.8

130.0

150.0

180.0

200.0

101.1*

115.1*

156.7*

180.0

220.0

270.0

Initial plan

-4.9

10.0

12.0

15.0

20.0-30.0

Actual*/revised target

8.6*

7.9*

7.5*

15.0

19.0

25.0

Initial plan
Actual*/revised target

EBITDA(Note) The contents and plan targets in this release are prepared based on the information available on thedate of this announcement, and the actual results may change in the future due to a variety of factors.
End

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