Directors to return part of their compensation voluntarily

We have recorded extraordinary losses of approx. 14 billion yen for the second quarter of FY2019, ended December 31, 2019, due to losses from the Staffing business of Programmed Maintenance Services Limited, Australia, that we acquired in October 2017 and the Marine business of its joint-venture company with Atlas Professionals, a Dutch company.In the light of this event, we have determined to return part of our directors’ compensation as follows.

– Masamichi Mizuta, Representative Director, President & CEO
  50% of monthly compensation for one month

– Hirotoshi Takahashi, Director, Deputy President and COO
  30% of monthly compensation for one month

– Kiyoshi Seki, Director & Executive Officer (CFO)
  20% of monthly compensation for one month

■About PERSOL HOLDINGS

Established in 1973 under the name Tempstaff, PERSOL has been engaged in a wide range of job-matching services from temporary staffing to recruitment services, outsourcing services and reemployment support services. In October 2008, the company underwent a name change to Temp Holdings Co., Ltd and became a joint holding company. In July 2017 it underwent another name change to PERSOL HOLDINGS CO., LTD, and joined the First Section of the Tokyo Stock Exchange (stock code: 2181). PERSOL HOLDINGS recorded sales of 925.8 billion yen in FY2018.

■About PERSOL ＜https://www.persol-group.co.jp/＞

Under the group vision of “Work, and Smile,” the PERSOL Group engages in a number of services that involve people and organizations, from the temporary staffing service “Tempstaff” to recruitment service “doda,” IT outsourcing services, and design and development.
The group also works on innovations for the next generation by merging human resources services with technology. Examples include the recruitment service “MIIDAS” for finding one’s market value, the IT event information site and event-and-community space “TECH PLAY,” the open innovation platform “eiicon,” and the cloud-based mobile POS system “POS+ (POSTAS).”