Hirayama Holdings Co. Ltd. (7781:TYO), a Tokyo-based provider of engineering and manufacturing staffing, announced Monday that net sales rose 13.2% in its fiscal year ended 30 June to JPY 31.67 billion (USD 219.2 million).

Net sales in its manufacturing temporary staffing business rose 10.9% year over year to JPY 25.28 billion (USD 175.0 million). It noted the hiring environment has become tougher for new grads and midcareer workers.

Hirayama noted customers in its engineering staffing business have seen a recovery in mid- to long-term investment. Net sales in the segment rose 21.8% year over year to JPY 2.68 billion (USD 18.5 million).

Net sales at the oversees business in Thailand were up 21.8% year over year to JPY 2.71 billion (USD 18.7 million).

Net sales in its “other business” segment rose 34.2% to JPY 1.01 billion (USD 7.0 million).

Guidance

Hirayama forecast sales for the next fiscal year to rise 8.3% to JPY 34.30 billion (USD 236.6 million)

Share price

Shares in Hirayama closed down 2.64% Monday in Japan to JPY 773 (USD 5.33); they were 27.6% above their 52-week low, according to FT.com.