52 FULLCAST HLDGS Company name in Chinese： / Company name in English： FLLCAST HLDGS Headquarters： Tokyo Country： Japan Established： 1990 Website： http://www.fullcast.co.jp/ Main Business： Outsourcing Annual revenue of 2013： 178 million dollars Stock Exchange： TYO Stock Code： 4848 About： FULLCAST HLDGS is a Japan-based holding company principally engaged in the human resource outsourcing business. The Company operates in two business segments. The Short-term Business Support segment is engaged in the provision of short-term and events-related human resource services. The Security segment is engaged in the security guard business for public facilities and general corporations. On May 31, 2011, the Company sold its subsidiary Fullcast Technology. On April 27, 2012, the Company fully acquired a Tokyo-based company engaged in the operation of adoption support service. Major financial data in Fiscal 2013(Unit: $ million) Operating profit Net profit Pre-tax profit Shareholders' equity 3 5 / 60 Total assets by the end of 2013 Average total assets Current assets Current liabilities 88 95 75 24 Receivable by the end of 2013 Average receivable Total liabilities Interest expense 23 15 28 0.2 Major financial ratios in Fiscal 2013： Indicator Ratio Compared with industry average Indicator Ratio Compared with industry average Revenue growth rate -61.4% Lower Net profit margin 2.7% Lower Total turnover ratio 1.9 Lower ROE 8.2% Lower Accounts receivable turnover ratio 12.2 Lower Debt-asset ratio 32.0% Lower ROA 5.6% Higher Current ratio 3.1 Higher Operating margin 1.9% Lower Times Interest Earned / /