			YoY
Net sales	54,821	Million yen	+25.4%
Operating profit	636	Million yen	-67.1%
Ordinary profit	605	Million yen	-68.3%
Profit attributable to owners of parent	-121	Million yen	-

While the first quarter results consist of a planned increase in sales and a decrease in earnings, earnings significantly exceed the plan.
In the Human Resources and Education Business, performance was supported by strategic personnel shifts and other measures amid a challenging business climate.
In the Real Estate Business, sales and earnings significantly exceeded the plan due to factors such as the early delivery of some properties initially planned for the second quarter.
The tax expense ratio increased because dividends in consolidation were concentrated in the first quarter.

Factors such as the continued slowdown in the semiconductor sector, the Noto Peninsula Earthquake, and the shutdowns in the automobile industry contributed to the adverse business climate as the quarter started.
By leveraging our strength in covering multiple industries and effectively shifting personnel across various industries, sales increased and exceeded the plan.
Despite a decline in earnings due to the impact of the shutdown in the automobile industry, expenses associated with the expiration of major projects at the end of 2023, and investments in recruitment and talent development to prepare for the recovery of the semiconductor industry in the second half, we managed to surpass the plan through cost control measures, including adopting of DX for improved efficiency

The first quarter started with a downturn following the peak year-end season, but sales and earnings increased and were both higher than initially planned.
A consistent growth in the logistics e-commerce sector and Yamato Staff Supply, which joined the World Holdings Group in 2023, made a contribution to the strong performance.
For face-to-face sales personnel staffing, activities targeted business opportunities created by increasing sales to foreign tourists in Japan and the Valentine’s Day selling period.
Progress with launching new businesses, including a temporary staffing order management service, for horizontal expansion by using labor management and operations expertise acquired from distribution warehouse subcontracting operations.

We have been -maintaining a cautious stance in order to ensure the optimum timing for both purchasing and sales, given the risk associated with persistently high real estate prices.
Sales and earnings significantly exceeded the plan, as some properties originally planned for sale in the second quarter were sold ahead of schedule in the first quarter.
The delivery plan of properties for this year will be concentrated in the second half (especially in the fourth quarter), while contracts and sales have progressed smoothly.
Major condominium projects to be completed in 2024: Residential Ojikamiya (Tokyo), ASUTO RESIDENTIAL THE TOWER (joint venture with Nomura Real Estate Development Co., Ltd.) (Miyagi), Residential Midosuji Abiko (Osaka) / Office buildings: BIZIA KOKURA (Fukuoka), etc.

We have been adopting a scrap-and-build approach for the mobile stores to improve efficiency amid the significant changes in Japan’s mobile phone shop sector.
Sales promotions have been reinforced to address the last-minute demand caused by the enactment of revisions to the Ordinance for Enforcement of the Telecommunications Business Act. The profit contributions are expected to commence in the second quarter.
We have been strengthening corporate sales teams in stores by leveraging the existing strengths in the corporate solutions sector.

Although visitor numbers are typically low during the winter due to the nature of outdoor facilities, the visitor number in the first quarter exceeded the plan due to the mild weather with little rain in January and February. (In March, the cold weather and rain led to a fall in visitor number.)
In addition to maintaining existing facilities towards the busiest season from spring, we steadily progressed with the preparations for the following new entrusted projects starting in April.
New projects starting in April: Saitama City Urban Park Group 8 and 10, Hyogo Prefectural Awaji Cultural Hall, Kobe Port Waterfront Area (Meriken Park - Harborland Square), and Rinrin Port Tsuchiura.

YoY	Against estimate
+9.4%	+7.2%

YoY	Against estimate
-73.0%	+428.0%

YoY	Against estimate
+76.0%	+2.1%

YoY	Against estimate
+10.5%	+60.0%

YoY	Against estimate
+3.6%	+5.7%

Net sales

Segment profit