World : Consolidated Financial Results for the First Three 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 Three Months

of the Fiscal Year Ending February 29, 2024

	August 3, 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:	August 9, 2023
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results presentation meeting:	None

(Millions of yen with fractional amounts rounded, unless otherwise noted.)

1. Consolidated financial results for the first three months of the fiscal year ending February 29, 2024 (from April 1, 2023 to June 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	%
	Three months ended	53,417	5.7	5,557	15.8	5,716	14.5	5,507	18.3
	June 30, 2023
	Three months ended	50,532	24.7	4,801	232.0	4,990	157.2	4,653	168.5
	June 30, 2022
Reference:	Total comprehensive income
		For the three months ended June 30, 2023:	3,538 million yen [11.8%]
		For the three months ended June 30, 2022:	3,164 million yen [136.2%]
(Note) Core operating profit is Revenue less Cost of sales and Selling, general and administrative expenses.
			Profit		Profit attributable to	Basic earnings	Diluted earnings
				owners of parent	per share		per share
			Millions of yen	%	Millions of yen	%		Yen		Yen
	Three months ended	3,441	16.8	3,356	18.8		95.09		-
	June 30, 2023
	Three months ended	2,946	126.0	2,824	96.9		79.74		79.64
	June 30, 2022

(Notes) 1. Diluted earnings per share is not presented for the three months ended June 30, 2023 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 "Amendm ent to the Articles of Incorporation" was approved. As a r esult, 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

					Equity attributable to	Ratio of equity
	Total assets	Total equity	attributable to owners
	owners of parent
					of parent to total assets
	Millions of yen	Millions of yen	Millions of yen	%
As of June 30, 2023	242,729		90,451		84,515		34.8
As of March 31, 2023	251,421		89,229		82,420		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	-
February 29, 2024
Fiscal year ending
February 29, 2024		26.00	-	25.00	51.00
(Forecast)

(Notes) 1. Revisions to the forecast of cash dividends most recently announced: None

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 o ther capital surplus" below.

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	%
	Six months ending	102,500	6.0	5,450		33.9	5,100	25.1	4,650	37.7
	September 30, 2023
	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
	Six months ending	2,950	41.5			79.42
	September 30, 2023
	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 settlement of accounts for an 11-month period 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

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

As of June 30, 2023

As of March 31, 2023

34,390,965 shares

34,390,965 shares

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

As of June 30, 2023

As of March 31, 2023

420,207 shares

420,207 shares

c. Average number of shares during the period

For the three months ended June 30, 2023	33,970,758 shares
For the three months ended June 30, 2022	33,843,517 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) Ex planation of consolidated earnings forecasts and other forward-looking statements" of "1. Qualitative information on quart erly consolidated financial results" of the attache d 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 to be 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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