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Temp Holdings Sales Rise

May 18 2011

Temp Holdings Co. Ltd., a Japan-based staffing firm, reported sales rose to ¥225.27 billion (US$2.72 billion) in its fiscal year ended March 31, 2011, up 0.3 percent from sales of ¥224.6 billion in its previous fiscal year.

Sales from its temporary staffing and recruiting services segments totaled ¥193.81 billion (US$2.34 billion). Due to recent restructuring of its segments, the company did not provide sales figures by segment for the prior year.

The company reported net income for the fiscal year fell 18.3 percent to ¥2.41 billion (US$29.1 million) from ¥2.95 billion in the prior year.

Temp Holdings forecast revenue would rise 2.5 percent in its next fiscal year

Temp Holdings ranked No. 11 on last year’s list of largest global staffing firms by Staffing Industry Analysts.

Also last year, Temp Holdings and Kelly Services Inc. (NASD: KELYA) formed a strategic alliance, with Temp Holdings acquiring 4.8 percent of Kelly’s stock. Kelly had already owned a portion of Temp Holdings stock. Kelly CEO Carl Camden sits on Temp Holding’s board.

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