Fullcast : Consolidated Business Results for the First Half of the Fiscal Year Ending December 2022(Jan.-Jun. 2022)

FULLCAST HOLDINGS CO., LTD. (4848)

Consolidated Business Results

for the First Half of the Fiscal Year Ending December 2022 (Jan.-Jun. 2022)

August 12, 2022

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

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Agenda

Difference between 1H FY12/22 Business Forecast and Financial Results and Revision of the Full-Year Business Forecast

1H FY12/22 Dividend of Surplus (Interim Dividend) and Revised Year-End Dividend Forecast

1H FY12/22 Consolidated Business Highlights (Jan.-Jun. 2022)

1H FY12/22 Segment Highlights (Jan.-Jun. 2022)

FY12/22 Progress of Strategy Implementation and Ongoing Initiatives

1H FY12/22 Progress Relative to Business Forecast

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Difference between 1H FY12/22

Business Forecast and Financial Results and Revision of the Full-Year Business Forecast

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Consolidated: Difference between Business Forecasts and Results for 1H FY12/22

Throughout the first half of the fiscal year, there was a continued recovery in client demand for the mainstay the "Short-Term Operational Support Business", as well as acquisition of public sector projects related to COVID-19-related operations. This led to the successful acquisition of staffing demand in excess of expectations. Due to this and other factors, consolidated business results exceeded each of the forecasts in the consolidated business forecast for the first half of the fiscal year ending December 31, 2022.

				(Million yen)
	Results for 1H FY12/22	Business forecasts for 1H	Difference	Achievement rate
	FY12/22
Net Sales	30,802	26,670	4,132	115.5%
Gross profit	10,480	9,300	1,180	112.7%
Operating profit	4,838	3,990	848	121.3%
Ordinary profit	4,903	4,020	883	122.0%
Profit attributable	3,319	2,676	642	124.0%
to owners of parent

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Consolidated: Revisions to Business Forecast for FY12/22

At the Board of Directors' Meeting held on August 12, 2022, we passed a resolution to revise the full-year consolidated business forecast for the fiscal year ending December 31, 2022. We aim to continue to promptly restore and further grow the Group's performance with a focus on the mainstay "Short-Term Operational Support Business."

The revised full-year business forecast takes into account the following elements, in addition to the results for the first half of the fiscal year ending December 31, 2022.

• As of the first half of the fiscal year, the Company assumes that business performance will surpass pre-COVID-19 pandemic levels even if COVID-19-related operations are excluded, and that demand from client companies will grow towards the final month of this fiscal year.
• The Company assumes that the staffing demand for the "Short-Term Operational Support Business", especially that related to public sector projects mainly COVID-19-related operations, will contract after the second half of the fiscal year.
• The Company does not assume that Japan will declare another state of emergency or again implement quasi-emergency measures in the second half of the fiscal

	year ending December 31, 2022. Note that actual earnings could differ largely from forecasts due to various factors.		(Million yen)
		Previous forecast	Revised forecast	Difference	Rate of
		(A)	(B)	(B-A)	change
	Net Sales	54,730	61,000	6,270	11.5%
	Gross profit	18,990	20,770	1,780	9.4%
	Operating profit	8,000	9,200	1,200	15.0%
	Ordinary profit	8,030	9,260	1,230	15.3%
	Profit attributable	5,316	6,173	857	16.1%
	to owners of parent
	Basic earnings per share	147.5	170.7	23.4	15.9%
	(yen)
(Reference)
	ROE	25.4%	28.9%	-	3.5PT
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