Daily News
View All NewsHito Communications full year revenue down 0.2% with profits trending downward
Japanese human resources provider Hito Communications (4433: JP) reported revenue for the full year ending 31 August 2022 of JPY 64.13 billion (USD 429.0 million), a decrease of 23.9% compared to the same period last year.
| (JPY millions) | FY 2023 | FY 2022 | Change | FY 2023 (USD millions) |
| Revenue | 63,980 | 64,130 | -0.2% | 429.0 |
| Gross Profit | 14,238 | 15,227 | -6.5% | 95.4 |
| Gross Margin | 22.2% | 23.7% | - | - |
| Operating Profit | 4,198 | 5,739 | -26.8% | 28.1 |
| Net Income | 1,885 | 3,227 | -41.6% | 12.6 |
Hito offers temporary staffing, business recruitment and outsourcing, business sales promotion, outsourced sales support, and employee training outsourcing services, as well as recruitment services for individual users in distribution and service sectors.
In its outlook, Hito forecasted revenue of JPY 61.96 billion (USD 415.5 million) for the full year 31 August 2024.
Hito Communications Holdings shares closed at JPY 1,423.00 (USD 9.54), up 1.64% on the day and 4.63% above its 52-week low of JPY 1,360.00 (USD 9.12), set on 22 September 2023. The company has a market cap of JPY 24.90 billion (USD 166.97 million).