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View All NewsPasona revenue falls 16%
Pasona Group Inc., a Tokyo-based staffing firm, reported revenue fell 16.1% to 183.52 billion yen (US$2.01 billion) in its fiscal year ended May 31, 2010.
Revenue in its temporary staffing/contracting, placement/recruiting segment fell 21.4% to 155.10 billion yen (US$1.70 billion). However, outplacement revenue at Pasona rose 132.7% to 13.48 billion yen (US$148.0 million).
More than 90% of Pasona's revenue comes from Japan.
Gross margin improved to 20.0% from 19.9% in the previous fiscal year.
Pasona's net income fell 34.5% to 204.0 million yen (US$2.2 million).
The company anticipates revenue of 186.00 billion yen in its next fiscal year -- an increase of 1.4% from the previous year.
Pasona Group Inc.
For the fiscal year ended May 31, 2010, compared with the previous year.
Revenue: 183.52 billion yen (US$2.01 billion), -16.1%
Net income: 204.0 million yen (US$2.2 million), -34.5%