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Consolidated Business Results for the First Three Quarters of the Fiscal Year Ending December 2025 (Jan.–Sep. 2025) FULLCAST HOLDINGS CO., LTD. (4848) November 7, 2025 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. Our 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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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 2 Agenda １ 3Q FY12/25 Consolidated Business Highlights (Jan.–Sep. 2025) ２ 3Q FY12/25 Segment Highlights (Jan.–Sep. 2025) ３ 3Q FY12/25 Progress Relative to Business Forecasts
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 3Q FY12/25 Consolidated Business Highlights (Jan.–Sep. 2025) 3
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 50,520 53.481 5,223 6,093 3Q FY12/24 3Q FY12/25 Net sales increased by 5.9% year-on-year. This was due to higher sales achieved across all segments, and despite the exclusion of BOD Co., Ltd. from the scope of consolidation for the first three quarters of the previous fiscal year. Operating profit rose by 16.7% year-on-year (operating profit ratio improved by 1.1PT). This performance reflects the increase in net sales as well as a decrease in costs related to strategic investments compared with the same period of the previous year. 4 Consolidated: 3Q FY12/25 Year-on-Year Comparison Net sales +5.9％ Operating profit +16.7％ Operating profit ratio 10.3％ Operating profit ratio 11.4％ (Million yen) Net sales Operating profit
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 3Q FY12/24 3Q FY12/25 Difference Rate of change Net sales 50,520 53,481 2,961 5.9% Gross profit 17,986 19,102 1,116 6.2% SG&A expenses 12,763 13,008 245 1.9% Operating profit 5,223 6,093 870 16.7% Operating profit ratio 10.3% 11.4% - 1.1PT Ordinary profit 5,324 6,189 864 16.2% Profit attributable to owners of parent 4,140 4,070 (70) (1.7)% 5 Ordinary profit increased by 16.2% year-on-year. Profit attributable to owners of parent decreased by 1.7% year-on-year. This was due to the recording of a 1,295 million yen gain on sale of shares of subsidiaries as extraordinary income for the first three quarters of the previous fiscal year, following the transfer of shares of BOD Co., Ltd., a consolidated subsidiary. Consolidated: 3Q FY12/25 Year-on-Year Comparison (Million yen)
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 3Q FY12/25 Segment Highlights (Jan.–Sep. 2025) 6
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 40,973 42,455 6,351 6,278 3Q FY12/24 3Q FY12/25 7 Net sales increased by 3.6% year-on-year. This was due to higher net sales in the ”Dispatching” service, as well as in the ”Placement” and ”Outsourcing” services, driven by our Company’s ability to capture growing customer demand, despite a decrease in net sales in the ”BPO” service resulting from the exclusion of BOD Co., Ltd. from the scope of consolidation in the first three quarters of the previous fiscal year. Operating profit decreased by 1.1% year-on-year (operating profit ratio decreased by 0.7PT). This was due to an increase in welfare- related expenses for registered staff included in costs related to strategic investments, despite the increase in net sales. Short-Term: 3Q FY12/25 Year-on-Year Comparison Net sales +3.6％ Operating profit (1.1)％ Net sales Operating profit Operating profit ratio 15.5％ Operating profit ratio 14.8％ (Million yen)
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 3Q FY12/24 3Q FY12/25 Difference Rate of change Net sales 40,973 42,455 1,482 3.6% Placement 5,942 6,288 346 5.8% BPO 4,737 4,075 (662) (14.0)% Dispatching 24,524 26,049 1,525 6.2% Outsourcing 5,769 6,043 273 4.7% Gross profit 14,212 14,667 454 3.2% Placement 5,797 6,132 335 5.8% BPO 3,975 4,061 86 2.2% Dispatching 2,807 2,790 (17) (0.6)% Outsourcing 1,633 1,684 51 3.1% 8 [Placement and BPO] The mainstay “Placement” service recorded increases in both net sales and gross profit, continuing to capture customer demand as in the first half of the fiscal year. Although net sales in the “BPO” service decreased due in part to the exclusion of BOD Co., Ltd. from the scope of consolidation for the first three quarters of the previous fiscal year, gross profit increased as our Company secured higher-margin projects. [Dispatching] The “Dispatching” service recorded a 6.2% year- on-year increase in net sales but saw a 0.6% decrease in gross profit. While net sales grew in response to strong demand for long-term personnel, the decline in relatively high-margin special demand related to COVID-19 and the My Number system led to lower gross profit. Excluding these aforementioned effects, gross profit of the “Dispatching” service increased. [Outsourcing] The “Outsourcing” service posted increases in both net sales and gross profit. Despite the absence of special demand related to COVID-19, our Company continued to capture customer demand, following the trend from the first half of the fiscal year. Short-Term: 3Q FY12/25 Year-on-Year Comparison (By Service Category) (Million yen)
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 2,546 2,647 171 212 3Q FY12/24 3Q FY12/25 9 Net sales increased by 4.0% year-on-year. This was due to strong sales of telecommunications products and services through the use of our Company’s network of agents in its mainstay Internet access sales business. Operating profit increased by 24.2% year-on-year (operating profit ratio improved by 1.3PT), due to the growth in net sales. Sales: 3Q FY12/25 Year-on-Year Comparison Net sales +4.0％ Operating profit +24.2％ (Million yen) Net sales Operating profit Operating profit ratio 6.7％ Operating profit ratio 8.0％
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 5,238 5,480 385 323 3Q FY12/24 3Q FY12/25 10 Net sales increased by 4.6% year-on-year. This was due to continued growth in customer traffic driven by proactive store renovations and menu revisions in domestic operations, as well as the launch of new brand such as ”Ramen Kagetsu Arashi Premium Ginza Corridor” and ”Sapporo Miso Ramen Gaku.” Operating profit decreased by 16.1% year-on-year (operating profit ratio decreased by 1.5PT). This was due to the recording of factors such as rising food material costs, expenses for opening new stores both in Japan and overseas, and renovation costs for existing stores, despite the increase in revenue. Restaurant: 3Q FY12/25 Year-on-Year Comparison Net sales +4.6％ Operating profit (16.1)％ (Million yen) Net sales Operating profit Operating profit ratio 7.4％ Operating profit ratio 5.9％
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 1,764 2,898 151 511 3Q FY12/24 3Q FY12/25 11 Net sales increased by 64.3% year-on-year. This was mainly due to the acquisition of temporary security projects related to the Expo 2025 Osaka, Kansai, Japan, as well as the continued acquisition and stable operation of permanent security contracts carried over from the previous fiscal year. Operating profit increased by 237.3% year-on-year (operating profit ratio improved by 9.0PT), due to the growth in net sales. Security, Other: 3Q FY12/25 Year-on-Year Comparison Net sales +64.3％ Operating profit +237.3％ (Million yen) Net sales Operating profit Operating profit ratio 8.6％ Operating profit ratio 17.6％
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 3Q FY12/25 Progress Relative to Business Forecasts 12
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 13 Results for 3Q FY12/25 Fiscal year business forecasts for FY12/25 Rate of progress Net sales 53,481 73,020 73.2% Gross profit 19,102 26,743 71.4% Operating profit 6,093 8,325 73.2% Ordinary profit 6,189 8,529 72.6% Profit attributable to owners of parent 4,070 5,482 74.2% Consolidated business results for the first three quarters of the current fiscal year progressed steadily within the range of the assumptions made at the start of the period. Since our consolidated business performance for the full year, made up of our results for the first three quarters of the fiscal year added to our forecast for the fourth quarter, have progressed at a level that does not require revisions to our business forecasts, our Company has not revised our consolidated business forecasts for the full year ending December 31, 2025. Consolidated: 3Q FY12/25 Progress Relative to Business Forecasts Short-Term Operational Support Business Net sales 42,455 58,762 72.2% Placement 6,288 9,602 65.5% BPO 4,075 5,357 76.1% Dispatching 26,049 35,817 72.7% Outsourcing 6,043 7,987 75.7% Sales Support Business Net sales 2,647 3,453 76.7% Restaurant Business Net sales 5,480 7,673 71.4% Security, Other Businesses Net sales 2,898 3,131 92.6% (Million yen)
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved (Reference) Basic Stance on Capital Policy • Maintaining a total return ratio of 50% relative to shareholders as an indicator to support sustained improvement in corporate value and to maximize capital efficiency. • Our goal of enhancing corporate value is to maintain an ROE of 20% or greater. • We will maintain a maximum D/E ratio of 1.0x in order to enhance corporate value and to maintain financial soundness. ■Basic Stance on Capital Policy The Fullcast Group maintains a basic policy of maximizing capital efficiency and securing financial soundness to achieve sustained improvement in corporate value. 14
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved (Reference) Sustainability Policy We endorse all 17 goals of SDGs. In addition, we consider contributing to the following the goals of SDGs by implementing and promoting our corporate philosophy of “Providing the best place for people to bring out their best” as a core value of our Company. 15 8. Descent Work and Economic Growth Our Group will constantly offer employment opportunities to job seekers and a workforce to hiring companies by continually providing matching opportunities for short-term positions to job seekers and hiring companies. Thereby, we will contribute to providing descent work for job seekers and economic growth for hiring companies. 5. Gender Equality We will contribute to gender equality by providing job seekers with employment opportunities not tied to age, gender or attribution. 10. Reduced Inequalities We will contribute to reducing inequalities by providing job seekers with employment opportunities not tied to region or nationality. 9. Industry, Innovation and Infrastructure In response to Japan’s labor environment, which is experiencing a declining workforce, we will contribute to industrial growth and building infrastructures for technological innovation by providing matching services for short-term positions to companies seeking growth or innovation, thus expanding their workforce in the process.
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 16 (Reference) Group Companies List Fullcast Holdings Co., Ltd. Optimizes Group-wide resources and strategies, as well as directing the business operations of group companies Fullcast Business Support Co., Ltd. Consolidates and conducts various intra- Group operations on behalf of our Group Fullcast Co., Ltd. Provides short-term human resource services in various business sectors Top Spot Co., Ltd. Community-based brand, provides short- term human resource services focused on specific Regions Fullcast Advance Co., Ltd. Provides business process outsourcing, including construction, repairs, and event planning and management, human resource services for reception and information services, and security services, including permanent security, crowd control, and traffic security Fullcast Senior Works Co., Ltd. Provides human resource services for active seniors focused on the Tokyo metropolitan area (Tokyo City and three prefectures) Fullcast Porter Co., Ltd. Provides human resource services with an exclusive focus on drivers Otetsudai Networks Inc. Operates “Otetsudai Networks,” short-term human resource services that utilize location information Fullcast Global Co., Ltd. Provides human resources services focused on foreign nationals Fullcast International Co., Ltd. Provides human resource placement services for placement of foreign nationals with specified skill visas who are ready to work immediately FC Asset Management Co., Ltd. Investment Fund Business Minimaid Service Co., Ltd. Provides housekeeping services Hayfield inc. Human resource placement specializing in the real estate industry Imple, Inc. Releasebase Inc. Job search application services, software development Tuclicks Inc. Development and sales of internet software F-PLAIN Corporation. Operates the sales agency service business for IT and telecommunications products utilizing call centers and a distributor agency network M’s Line Co., Ltd. FSP Co., Ltd. GLOBEAT JAPAN INC. GLOBEAT INTERNATIONAL INC. Restaurant chains businesses GLOBEAT EUROPE GmbH Shibuya Property LLC Tamachi Property LLC Real estate development, sales, leasing, management and intermediation Nishi Shinjuku Property LLC Beat Co., Ltd. Provides comprehensive human resource outsourcing services, mainly business process outsourcing Deli Art Co., Ltd. Provides human resource outsourcing services Advancer Global Limited Provides human resource services for foreign national workers, focused on Southeast Asia
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17 Disclaimer • Fullcast Holdings’ IR materials have been prepared for the purpose of providing information about our Company, and are not a solicitation for investment. Readers are advised to use these materials at their own discretion and are solely responsible for all decisions based on such use. Although every effort has been taken to ensure the accuracy of the information provided herein, Fullcast Holdings Co., Ltd. makes no guarantees with regard to the contents. Fullcast Holdings Co., Ltd. assumes no responsibility for any damages resulting from the use of this information, either directly, indirectly or to any extent, which originates from any cause including but not limited to the accuracy, reliability and safety concerning the text, data or other information herein. Fullcast Holdings’ IR materials are copyrighted and use without Fullcast Holdings’ express written consent is strictly prohibited. About this Document • In this document, the “Short-Term Operational Support Business” is referred to as “Short-Term”, the “Sales Support Business” is referred to as “Sales,” the “Restaurant Business” as “Restaurant,” and the “Security, Other Businesses” as “Security, Other” in some parts. • In this document, names of services are written in an abbreviated form; the “Part-Time Worker Placement” service, Hayfield inc.’s staffing service specializing in the real estate industry, Imple Group’s and Tuclicks Inc’s job search application service are referred to as “Placement”; and the “Part-Time Worker Payroll Management” services, as well as other personnel and labor-related business process outsourcing (BPO) services such as the “My Number Management” and “Year-End Tax Adjustment Management,” and the back office BPO services provided by BOD Group are referred to as “BPO” in the “Short-Term Operational Support Business,” which were launched along with the implementation of the Revised Worker Dispatching Act on October 1, 2012. Furthermore, our Group transferred all its shares of its consolidated subsidiary BOD Co., Ltd. on March 29, 2024. As a result, our Group includes three months of profits and losses of this company and its subsidiaries in our results for the fiscal year ending December 2024. In addition, “Long-Term Dispatching” services with a contract period of 31 days or longer, which has been conducted after the implementation of the Revised Worker Dispatching Act, is referred to as “Dispatching.” Short-Term Operational Support Business • The “Part-Time Worker Payroll Management” services, as well as other personnel and labor-related business process outsourcing (BPO) services such as the “My Number Management” and “Year-End Tax Adjustment Management,” and the back office BPO services provided by BOD Group are included under the category of “BPO.” Furthermore, our Group transferred all its shares of its consolidated subsidiary BOD Co., Ltd. on March, 29, 2024. As a result, our Group includes three months of earnings of this company and its subsidiaries in our results for the fiscal year ending December 2024. • On January 31, 2025, our Company acquired shares of Tuclicks Inc, and made it a consolidated subsidiary. • The figures for each service category of the “Short-Term Operational Support Business” segment represent reference figures and have not been audited by our accounting auditor. Sales Support Business • The “Sales Support Business” segment is mainly comprised of the “call center”, “online”, “alliance”, and “entertainment” businesses. • The “call center”, “online” and “alliance” businesses each involve the sale of Internet access. Restaurant Business • The accounting period for GLOBEAT JAPAN INC. was changed from the previous consolidated fiscal year. As a result of this change, the fiscal year ending December 2024 will cover a 13-month period from December 1, 2023 to December 31, 2024. Security, Other Businesses • Our Company acquired an equity interest in Shibuya Property LLC and Tamachi Property LLC on February 28, 2025 and made the two companies consolidated subsidiaries. In addition, our Company acquired an equity interest in Nishi Shinjuku Property LLC on April 25, 2025 and made it a consolidated subsidiary. • This segment includes the performance of FC Asset Management Co., Ltd., which was established on August 8, 2025. Notes
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Copyright © 2025 by FULLCAST HOLDINGS CO., LTD. All rights reserved 18 Providing the best place for people to bring out their best. [Inquiries] IR : +81-3-4530-4830 URL : https://www.fullcastholdings.co.jp/en/ Email : IR@fullcast.co.jp