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Japan – Hito revenue up following strong temporary staffing performance

09 October 2015

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).