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View All NewsHuman Holdings 9-month revenue and profits improve
Human Holdings Co. Ltd. (2415:JP), a human resource and employment services provider in Japan, reported revenue yesterday of JPY 71.46 billion (USD 316.2 million) for the nine months ended 31 December 2023, an increase of 5.2% when compared to the previous year.
(JPY millions) | 9 months 2023 | 9 months 2022 | Change | 9 months 2023 (USD millions) |
Revenue | 71,467 | 67,945 | 5.2% | 476.1 |
Gross Profit | 18,185 | 16,722 | 8.7% | 121.1 |
Gross Margin | 25.4% | 24.6% | - | - |
Operating Profit | 2,031 | 1,359 | 49.5% | 13.5 |
Net Income | 1,196 | 854 | 40.0% | 7.9 |
Human Holdings primarily engages in human resources business and education. The Human Resources segment provides staffing, placement, recruiting, and outsourcing services. The Education segment is engaged in continuing education and full-time education services. The company also engages in several other services such as nursing care, nail salons and sports and entertainment.
Revenue in the human resources business increased by 6.1% year on year. At the same time, revenue in the education business increased 3.5%. In the nursing care business, revenue increased by 173.4% from the same period last year. In the ‘other businesses’ segment, which includes a sports business and nail salon business as well as an IT business, revenue increased by 6.7%.
Looking ahead the company forecasted revenue of JPY 97.05 billion (USD 646.52 million) for the year ended 31 March 2024.
Human Holdings shares closed yesterday at JPY 1,314 (USD 8.75), down 3.02% on the day. The company has a market cap of JPY 13.39 billion (USD 89.20 million).