FULLCAST HOLDINGS New Three-Year Plan

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1 FULLCAST HOLDINGS New Three-Year Plan

2 Agenda New Three-Year Plan Current Restructuring Plan New Domain From FY ending September 2009 to FY ending September New Three-Year Plan Summary

3 New Three-Year Plan The Fullcast Group has proceeded with narrower focusing of businesses pursuant to the Medium-Term Management Plan disclosed November 4, Because the economic situation, employment conditions and the environment surrounding the worker dispatching business have experienced drastic changes that have gone far beyond those forecast, we will accelerate the reorganization and establish earnings capabilities. Page.3

4 Current Restructuring Plan 1 Business restructuring Reduction of workforce Fullcast (non-consolidated) Group (spot/office segments) Decrease of head office area Consolidation of branch offices 101branch offices 56branch offices branch offices 107branch offices Reduce rents payable by decreasing head office area of Fullcast and by having Fullcast Advance (head office functions) transfer to same building Financial restructuring Sale and reorganization of subsidiaries 2 Fullcast Technology Co., Ltd. Net it works, Inc. Name Fullcast Factory Co., Ltd. Fullcast Central Co., Ltd. Info-P Co., Ltd. Implementation time Scheduled within FY September 2009 Scheduled within FY September 2009 Scheduled within FY September 2009 Scheduled within FY September 2009 Implemented in March 2009 Business segment Technology Technology Factory Factory Other Fullcast Finance Co., Ltd. Implemented in May 2009 *In addition, real estate and non-business assets will also be sold off Other Page.4

5 New Domain Fullcast Group will concentrate its management on the following two businesses: Short-term term human resources outsourcing business (Spot segment) Sales outsourcing business (Office segment) Page.5

6 Short-term human resources outsourcing business (spot Segment) 1 Reduction of hierarchy(fullcast Co., Ltd.) Review the number of hierarchy levels of the operating organization to eliminate the information gap and enhance the marketing force by decreasing the ratio of managerial posts Number of hierarchy levels of managerial posts Ratio of managerial posts (operating organization) Six levels Four levels About 40% About 22% 2 Focus in major cities(fullcast Co., Ltd.) Focus marketing resources in major cities In major city areas, consolidate neighboring branch offices to improve productivity per branch office Number of Branch Offices major cities :72 branch offices Other:29 branch offices Total:101 branch offices major cities :43 branch offices Other:13 branch offices Total:56 branch offices Page.6

7 Short-term human resources outsourcing business Direction of business (Spot Segment) Shift to long-term worker dispatching in light duty works field With companies refraining from using medium- to long-term human resources dispatching services in an environment of weak business sentiment, it is now difficult to shift from short-term dispatching to medium- to long-term dispatching. Shift to short-term employment placement business Place top priority on securing employment and continue to make a gradual shift to short-term employment placement business, while properly responding to current employment conditions (needs of both job seekers and companies seeking workers) and future revisions of laws. Long-term Long-term dispatching Medium-to long-term placement Dispatching Focusing on shortterm market Business field at present Business field in three years later Short-term dispatching Short-term Page.7 Shift sequentially in accordance with law revisions Short-term placement Employment by companies themselves

8 Sales outsourcing business (Office Segment) Direction of business 1 Allocation of management resources to this business Allocate management resources aggressively to this business field as a new domain of the Fullcast Group in the coming years (personnel allocation of the Group, investment for joint-venture companies, etc.) 2 Establishment of joint venture company Name of the new company : Telecom Marketing Co., Ltd. Capital : 90,000,000Yen Capital contribution ratio : Fullcast Marketing Co.Ltd. 65% Hikari Tsushin, Inc. 35% Date of establishment : April 1,2009 Businesses Net sales Profit forecast FY ending Sep.2009 Unit:Million yen FY ending Sep.2010 Net sales 650 2,800 Operating income Communication merchandise sales business Sells communication merchandise (landline phones, cellular phones, etc.), mainly with corporate marketing and booth businesses 2. Call center business Sells a wide range of optical communication merchandise via outbound call centers Page.8

9 From FY ending September 2009 to FY ending September New Three-Year Plan(Consolidated) FY ending September 2009:Both sales and profits will decline because of the cost increase associated with the sale of subsidiaries and assorted restructuring. FY ending September :Sales will continuously fall due to the sale of subsidiaries, while earnings capability will be established to secure profit with the improvement of productivity and reduction of SG&A expenses. Consolidated Consolidated FY ending Sep (First year of plan) FY ending Sep (Second year of plan) FY ending Sep (Third year of plan) First half Second half Full year Net sales 34,764 25,127 59,891 29,520 32,073 Operating income ,100 1,596 2,870 Ordinary income ,332 1,494 2,803 Net income -2,782-2,582-5,364 1,219 2,342 Spot Business Net sales 12,010 8,682 20,692 16,738 14,841 Factory Business Net sales 5,850 3,006 8, Technology Business Net sales 8,466 6,456 14, Office Business Net sales 4,898 5,671 10,569 10,199 14,500 Other Business Net sales 3,540 1,312 4,852 2,583 2,732 Page.9

10 Summary Fullcast Group will conduct management, for the time being focusing on the following two businesses: Reorganization Focus in new domain Implementation of restructuring Establishment of earnings capability Page.10

23 26 ADR (American Depositary Receipts) information Ratio (ADR:ORD) : 100:1 Exchange : OTC(Over-the-Counter) Symbol : FULCY CUSIP : 35968P100 Depositary : The Bank of New York 101 Barclay Street,

11 23 26 ADR (American Depositary Receipts) information Ratio (ADR:ORD) : 100:1 Exchange : OTC(Over-the-Counter) Symbol : FULCY CUSIP : 35968P100 Depositary : The Bank of New York 101 Barclay Street, New York, NY 10286, U.S.A. TEL :1- (201) U.S. Toll Free : 1-(888) (888-BNY-ADRS) Web Site: Inquiries IR; U R L: IR@fullcast.co.jp Fullcast Holdings IR materials have been prepared for the purpose of providing information about the 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.

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