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View All NewsHirayama Holdings H1 revenue increases 12.1% as profits grow
Japan-based Hirayama Holdings (7781:JP), a company mainly engaged in outsourcing and technology staffing, reported revenue yesterday for the six months ended 31 December 2023 of JPY 17.68 billion (USD 117.8 million), an increase of 12.1% compared to the previous year.
| (JPY millions) | H1 2024 | H1 2023 | Change | H1 2024 (USD millions) |
| Revenue | 17,685 | 15,769 | 12.1% | 117.8 |
| Gross Profit | 3,063 | 2,774 | 10.4% | 20.4 |
| Gross Margin | 17.3% | 17.6% | - | - |
| Operating Profit | 674 | 585 | 15.3% | 4.5 |
| Net Profit | 451 | 389 | 131.8% | 3.0 |
The company is mainly engaged in outsourcing and technology staffing.
Revenue in the insourcing/dispatching business increased by 11.5% over the prior year period. In the engineer dispatching business revenue was up 14.4% over the year. Revenue in the overseas business was up 13.1%. In the other businesses segment, which includes domestic workplace improvement consulting and training projects from overseas, revenue climbed by 20.8%.
Looking ahead the company forecasted revenue of JPY 34.30 billion (USD 228.61 million) for the year ended 30 June 2024.
Hirayama Holdings shares closed yesterday at JPY 1,012 (USD 6.75), up 0.39% on the day. The company has a market cap of JPY 8.26 billion (USD 55.05 million).