Message to Shareholders and Investors

I want to take this opportunity to express my gratitude for our shareholders and investors for the continued support that they have shown us over the years.

In the 45th fiscal year, the Japanese economy recovered moderately due to improvements in the employment and income environment and an increase in inbound demand. As a result, hiring needs expanded in a wide range of fields, including the food and beverage, sales, and service industries, and the construction and transportation industries, which are facing the "2024 problem" of overtime regulations.

In this business environment, the Group made aggressive investments in the nursing domain, including the launch of the "Kango-roo! Shukatsu" service for nursing students in Human Resources Services Business and the strengthening of promotions such as TV commercials to spread the "Kango-roo!" brand. Recruiting Business, we focused on building a sales structure as a "client agent" that realizes successful recruitment for customers and expanding sales of "Kango-roo!" - related services in collaboration with Human Resources Services Business. In Overseas Business, we also aimed to expand our business performance by recruiting human resources and developing bases.

As a result, Net sales recorded a record high revenue for the fourth consecutive year in the 45th fiscal year. Profit decreased in Operating profit - Ordinary profit due to investment in the nursing domain, but net income increased for the fourth consecutive year and reached a record high due to the sale of cross-shareholdings. As a result, Dividend per share per share was also set at 96 yen, a record high, an increase of 2 yen from the previous fiscal year.

In the 46th fiscal year, there is uncertainty about economic and employment trends both in Japan and overseas due to fluctuations in the political economy and international situation in the United States. However, corporate recruitment needs are expected to remain at a certain level due to factors such as an increase in inbound demand in Japan, the full-scale "2024 problem" in the construction and transportation industries, and responses to the "2025 Cliff" caused by aging IT systems and human resource shortages.

In Human Resources Services Business, we will continue to invest in growth and productivity-enhancing businesses, while in Recruiting Business, we will strive to improve our ability to make comprehensive proposals as a "client agent." Following the acquisition of the Caritas Nursing Business, we will also actively pursue M&A and investments to grow our core business, aiming for medium - to long-term growth. In addition, we will implement measures to raise stock prices in response to the review of TOPIX constituents to be implemented in October 2026. Furthermore, we appointed a new Director on June 20, 2025 to promote the improvement of productivity and strengthening of risk management through the use of IT. Under this new management structure, we will strive to further enhance our corporate value.

As we pursue these initiatives, I ask for the continued support and encouragement of all of our shareholders and investors.