(Appendix)

Results for the First Quarter

of the Fiscal Year Ending May 31, 2024

FY2023 (June 1, 2023 - May 31, 2024)

Three months ended August 31, 2023

Pasona Group Inc.

Prime Market TSE (2168)

October 13, 2023

www.pasonagroup.co.jp/English

※ Units in billions of yen have been rounded to the nearest first decimal place. Units in millions of yen have been rounded down.

Consolidated Results

（Millions of yen）

Net sales

Cost of sales

Gross profit

SG＆A

expenses

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Gross profit ratio

Operating profit ratio

3M FY22

3M FY23

Increase

/Decrease

(%)

(%)

92,066

89,881

(2,185)

100.0

100.0

(2.4)%

69,793

68,655

(1,137)

75.8

76.4

(1.6)%

22,273

21,226

(1,047)

24.2

23.6

(4.7)%

18,943

18,997

+54

20.6

21.1

+0.3%

3,330

2,228

(1,101)

3.6

2.5

(33.1)%

3,610

2,197

(1,413)

3.9

2.4

(39.2)%

1,293

187

(1,106)

1.4

0.2

(85.5)%

24.2%

23.6%

(0.6)pt

3.6%

2.5%

(1.1)pt

Net Sales

YoY (2.4)%

92.1 89.9

3M FY22

3M FY23

Operating Profit

(Billions of yen)

(33.1)%

3.33

2.23

3M FY22

3M FY23

1

Operating Profit

Operating

Gross profit

SG＆A Expenses

Profit

(1.05) [21.23]

+0.05 [19.00]

Decrease in

Decrease in

(Billions of yen)

net sales

3.33

gross profit

(0.53)

ratio

Personnel

(0.52)

expenses

others

IT related

Rent

+0.65

(0.24)

2.23

expenses

(0.50)

+0.14

YoY

(33.1)%

3M FY22

FY14

FY15

FY16

FY17

FY18

FY19

FY20

FY21

FY22

Gross Profit ratio

20.3%

20.0%

20.2%

21.5%

22.8%

23.6%

24.8%

24.5%

24.6%

SG&A ratio

18.7%

18.6%

18.6%

19.4%

20.0%

20.3%

18.8%

18.5%

20.7%

Operating Profit ratio

1.5%

1.5%

1.6%

2.1%

2.9%

3.3%

6.0%

6.0%

3.9%

3M FY23

3M FY22

3M FY23

24.2%

23.6%

20.6%

21.1%

3.6%

2.5%

Major Item of Increase/Decrease

  • Gross profit ：Decrease in the dispatch of medical professionals with high gross profit margins as a result of the convergence of the COVID-19 infection.
    Consolidated gross profit ¥(1.05) billion, gross profit margin ratio 23.6% ((0.6) pt year-on-year).
  • SG&A expenses ：Increased costs of personnel expenses mainly due to business growth in BPO services, while the double rent associated with the office relocation to 「PASONA SQUARE」 at Minami Aoyama, Tokyo implemented in the same period of the previous fiscal year was eliminated.

2

Non-operating/Extraordinary profit (loss), Others

（Millions of yen）

3M FY22

3M FY23

Increase/

YoY

Decrease

Operating profit

3,330

2,228

(1,101)

(33.1)%

Non-operating

577

125

(451)

(78.2)%

profit

Non-operating

297

157

(139)

(47.0)%

expenses

Ordinary profit

3,610

2,197

(1,413)

(39.2)%

Extraordinary

217

3

(214)

(98.5)%

profit

Extraordinary

9

40

+31

+347.1%

loss

Profit before

3,819

2,159

(1,659)

(43.4)%

income taxes

Income taxes

1,162

1,073

(89)

(7.7)%

- current

Income taxes

360

58

(301)

(83.7)%

- deferred

Income taxes

1,522

1,131

(390)

(25.7)%

Profit attributable to

1,002

840

(161)

(16.2)%

non-controlling

interests

Profit attributable to

1,293

187

(1,106)

(85.5)%

owners of parent

Profit attributable

Ordinary profit

to owners of parent

(Billions of yen)

YoY

(39.2)%

(85.5)%

3.61

1.29

2.20

0.19

3M FY22

3M FY23

3M FY22 3M FY23

Major Item of Increase/Decrease

  • Non-operatingprofit / expenses

・FY22（Previous fiscal year） Subsidy / ¥ 287 million

・FY22（Previous fiscal year） Real estate rent / ¥ 146 million Rent expenses on real estates / ¥ 118 million

（Decreased in sublease income and expenses mainly due to relocation from Nippon Building）

  • Extraordinary profit

・FY22（Previous fiscal year） Gain on change in equity

/ ¥ 211 million

(listing of circlace Inc on April 12, 2022)

3

Consolidated Results by Segment

Net sales

Segment

3M FY22

3M FY23

Increase/

YoY

Decrease

①

Expert Services

37,837

34,551

(3,285)

(8.7)%

(Temporary Staffing)

②

BPO Services

33,817

35,840

+2,023

+6.0%

(Contracting)

③

HR Consulting ,

2,021

2,183

+162

+8.0%

Education & Training ,

Others.

④

Global Sourcing

2,395

2,545

+150

+6.3%

(Overseas)

Subtotal

76,071

75,122

(949)

(1.2)%

⑤

Career Solutions

3,434

3,341

(92)

(2.7)%

(Placement/ Recruiting,

Outplacement)

⑥

Outsourcing

10,583

9,571

(1,011)

(9.6)%

⑦

Life Solutions

1,963

1,923

(39)

(2.0)%

⑧

Regional Revitalization

1,529

1,526

(2)

(0.2)%

Solutions

⑨

Eliminations and Corporate

(1,515)

(1,604)

(88)

-

Total

92,066

89,881

(2,185)

(2.4)%

Operating profit (loss)

3M FY22

3M FY23

Increase/

YoY

Decrease

3,398

3,050

(347)

(10.2)%

108

49

(58)

(54.2)%

3,506

3,100

(405)

(11.6)%

919

1,025

+105

+11.5%

2,897

1,934

(963)

(33.2)%

55

(5)

(61)

-

(667)

(648)

+18

-

(3,381)

(3,177)

+203

-

3,330

2,228

(1,101)

(33.1)%

(Millions of yen)

Operating profit ratio

3M FY22

3M FY23

Increase/

Decrease

4.6%

4.2%

(0.4)pt

4.5%

2.0%

(2.5)pt

4.6%

4.1%

(0.5)pt

26.8%

30.7%

+3.9pt

27.4%

20.2%

(7.2)pt

2.8%

-

-

-

-

-

-

-

-

3.6%

2.5%

(1.1)pt

4

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Disclaimer

Pasona Group Inc. published this content on 16 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 October 2023 06:26:05 UTC.