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View All NewsJapan – Hito revenue up following strong temporary staffing performance
Japanese staffing firm Hito Communications (3654: JP) today reported revenue for year ending 31 August 2015 of JPY 26.3 billion (USD 219.5 million), an increase of 18.3% compared with JPY 22.2 billion (USD 185.5 million) during the previous year.
2015 | 2014 | Change | |
Revenue | JPY 26,312 million | JPY 22,239 million | +18.3% |
USD 219.5 million | USD 185.5 million | ||
Gross Profit | JPY 6,257 million | JPY 4,961 million | +26.1% |
USD 52.2 million | USD 41.4 million | ||
Net Income | JPY 1,295 million | JPY 1,044 million | +24.0% |
USD 10.8 million | USD 8.7 million |
Hito Communications offers corporate services such as temporary staffing, business recruitment and outsourcing, business sales promotion, outsourced sales support, and employee training outsourcing services, as well as recruitment services for individual users in distribution and service sectors.
The company operates two primary division; Outsourcing and Temporary Staffing. The company’s education and training services are not included in the reportable segments and are therefore included under ‘Other’.
Revenue during the year was broken down by division as follows:
2015 | 2014 | Change | |
Outsourcing | JPY 17,837 million | JPY 16,082 million | +10.9% |
USD 148.8 million | USD 134.1 million | ||
Temporary Staffing | JPY 8,283 million | JPY 6,111 million | +35.5% |
USD 69.1 million | USD 51.0 million | ||
Other | JPY 192 million | JPY 45 million | +324.4% |
USD 1.6 million | USD 0.4 million |
In trading today, the company’s share price closed up 3.2% at JPY 2,244 (USD 18.72), an increase of 39.8% compared with a year ago. Based on its current share price, the company has a market value of JPY 20 billion (USD 167 million).