World : Consolidated Financial Results for the First Six Months of the Fiscal Year Ending February 29, 2024

Note: This document has been translated from a part of 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.

Consolidated Financial Results for the First Six Months

of the Fiscal Year Ending February 29, 2024

	November 6, 2023
Company name:	World Co., Ltd.
Listing:	Tokyo Stock Exchange
Securities code:	3612
URL:	https://corp.world.co.jp/
Representative:	Nobuteru Suzuki, Representative Director of the Board
	President, Representative Managing Executive Officer
Inquiries:	Keiichi Nakabayashi, Deputy President and Representative Managing
	Executive Officer
TEL:	[phone]

Scheduled date to file Quarterly Securities Report:	November 14, 2023
Scheduled date to commence dividend payments:	December 4, 2023
Preparation of supplementary material on quarterly financial results:	Yes

Holding of quarterly financial results presentation meeting: Yes (for institutional investors and analysts) (Millions of yen with fractional amounts rounded, unless otherwise noted.)

1. Consolidated financial results for the first six months of the fiscal year ending February 29, 2024 (from April 1, 2023 to September 30, 2023)

(1) Consolidated operating results (cumulative)		(Percentages indicate year-on-year changes.)
			Revenue		Core operating profit	Operating profit	Profit before tax
			Millions of yen	%	Millions of yen	%	Millions of yen		%	Millions of yen	%
	Six months ended	103,065	6.5	5,739	41.0	5,838		43.2	5,422	60.6
	September 30, 2023
	Six months ended	96,746	25.1	4,071	-	4,078		-	3,377	-
	September 30, 2022
	Reference:	Total	comprehensive income
		For the six months ended September 30, 2023:	3,529 million yen [43.8%]
		For the six months ended September 30, 2022:	2,455 million yen [-%]

(Note) Core operating profit is Revenue less Cost of sales and Selling, general and administrative expenses.

	Profit		Profit attributable to
		owners of parent
	Millions of yen	%	Millions of yen	%
Six months ended	3,387	58.5	3,249	55.9
September 30, 2023
Six months ended	2,138	-	2,084	-
September 30, 2022

Basic earnings

per share

Yen

88.15

54.05

Diluted earnings

per share

Yen

-

-

(Notes) 1. Diluted earnings per share is not presented as there were no potential shares.

1. Basic earnings per share takes into consideration the amount not attributable to common shareholders of parent (amount attributable to owners of other equity instruments).
2. At the 65th Ordinary General Meeting of Shareholders held on June 23, 2023, the proposal of "Amendment to the Articles of Incorporation" was approved. As a result, the Company has changed its fiscal year-end (last day of the fiscal year) from March 31 to the last day of February starting from the current fiscal year.

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(2) Consolidated financial position

	Total assets	Total equity
	Millions of yen	Millions of yen
As of September 30,	244,123	85,341
2023
As of March 31, 2023	251,421	89,229

Equity attributable to

owners of parent

Millions of yen

79,353

82,420

Ratio of equity

attributable to owners of parent to total assets

%

32.5

32.8

2. Cash dividends

		Annual dividends
	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended	-	13.00	-	35.00	48.00
March 31, 2023
Fiscal year ending	-	26.00
February 29, 2024
Fiscal year ending
February 29, 2024			-	30.00	56.00
(Forecast)

(Notes) 1. Revisions to the forecast of cash dividends most recently announced: Yes

2. For the dividends for the second quarter-end of the fiscal year ended March 31, 2023, the Company paid dividends from other capital surplus. For details, please refer to "Breakdown of dividends paid from other capital surplus" below.

Breakdown of fiscal year-end dividends for the fiscal year ending February 29, 2024

Ordinary dividend per share:

25.00 yen

Commemorative dividend per share: 5.00 yen (commemorative dividend for the 5th anniversary of the Company's listing)

3. Consolidated earnings forecasts for the fiscal year ending February 29, 2024 (from April 1, 2023 to February 29, 2024)

(Percentages indicate year-on-year changes.)

		Revenue		Core operating profit	Operating profit			Profit before tax
		Millions of yen		%	Millions of yen	%	Millions of yen			%	Millions of yen		%
	Fiscal year ending	200,100		-	13,000	-	11,000		-		10,200		-
	February 29, 2024
		Profit attributable to	Basic earnings
		owners of parent		per share
		Millions of yen		%		Yen
	Fiscal year ending	5,800		-		155.94
	February 29, 2024
	(Notes) 1. Revisions to	earnings forecasts	most	recently announced: None

1. Core operating profit is Revenue less Cost of sales and Selling, general and administrative expenses.
2. Basic earnings per share takes into consideration the amount not attributable to common shareholders of parent (amount attributable to owners of other equity instruments).
3. The Company has changed its fiscal year-end (last day of the fiscal year) from March 31 to the last day of February starting from the current fiscal year. Because the current fiscal year, which is the transitional period of the change in the fiscal year-end, is an irregular account settlement period of 11 months from April 1, 2023 to February 29, 2024, 11-month forecast figures are presented for the consolidated earnings forecasts for the fiscal year ending February 29, 2024. Accordingly, the year-on-year changes are not presented.

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* Notes

(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the

change in scope of consolidation):	None
Newly included:	-
Excluded:	-
(2) Changes in accounting policies, changes in accounting estimates
a. Changes in accounting policies required by IFRS:	None
b. Changes in accounting policies due to other reasons:	None
c. Changes in accounting estimates:	None

(3) Number of issued shares (ordinary shares)

a. Total number of issued shares at the end of the period (including treasury shares)

As of September 30, 2023	34,390,965 shares
As of March 31, 2023	34,390,965 shares

b. Number of treasury shares at the end of the period

As of September 30, 2023	358,807 shares
As of March 31, 2023	420,207 shares

c. Average number of shares during the period

For the six months ended September 30, 2023	33,997,264 shares
For the six months ended September 30, 2022	33,901,093 shares

• Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special matters (Caution regarding forward-lookingstatements and others)
  The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Any statements herein do not constitute assurances regarding actual results by the Company. Actual business and other results may differ substantially due to various factors. For the suppositions that form the assumptions for earnings forecasts and cautions concerning the use thereof, please refer to the section of "(3) Explanation of consolidated earnings forecasts and other forward-looking statements" of "1. Qualitative information on quarterly consolidated financial results" of the attached material.

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Breakdown of dividends paid from other capital surplus

Of the dividends for the fiscal year ended March 31, 2023, the breakdown of dividends paid from other capital surplus is as follows.

Record date		Second quarter-end
Dividend per share	13.00 yen
Total cash dividends	442 million yen
(Note)	Net asset reduction ratio: 0

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