Recruitment firm Pasona Group Inc. (2168: JP), one of the largest staffing firms in Japan, announced revenue for the year ending 31 May 2014 of JPY 208.7 billion (USD 2.05 billion), an increase of +0.5% compared with JPY 207.7 billion (USD 2.04 billion) a year ago.

Operating income for the year rose by +1.1% to JPY 3.2 billion (USD 31.6 million), up from JPY 3.18 billion (USD 31.4 million) last year. The company, however, reported a fall of -13.8% in net income to JPY 526 million (USD 5.2 million), down from JPY 610 million (USD 6 million) a year ago.

Revenue from the company’s HR solutions division, which includes temporary staffing, placement, and recruitment, reported a fall of -0.2% in sales to JPY 206.3 billion (USD 2.03 billion), down from JPY 206.8 billion (USD 2.03 billion) last year.

Looking forward to 2015, the company expects to achieve revenue for the year of JPY 232 billion (USD 2.3 billion) and net income of JPY 600 million (USD 5.9 million). This would mark an improvement of +11.2% and +14%, respectively, against the company’s performance this year.

The company, through its subsidiaries, provides human resource solutions in Japan and internationally. It offers temporary staffing/contracting services and outplacement services.

In trading today, the company’s share price rose by +0.8% to JPY 610 (USD 6.01), a fall of -2.9% compared with a year ago. Based on its current share price, the company has a market value of JPY 25.3 billion (USD 249.4 million).