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Human Holdings H1 revenue edges up 5.2% as profits rise

20 November 2023

Human Holdings Co. Ltd. (2415:JP), a human resource and employment services provider in Japan, reported revenue on 14 November of JPY 47.27 billion (USD 316.2 million) for the six months ended 30 September 2023, an increase of 5.2% when compared to the previous year.

(JPY millions) H1 2023 H1 2022 Change H1 2023 (USD millions)
Revenue 47,274 44,942 5.2% 316.2
Gross Profit 11,886 11,104 7.0% 79.5
Gross Margin 25.1% 24.7% - -
Operating Profit 1,041 743 40.0% 6.9
Net Income 603 560 7.6% 4.0

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.

Looking ahead, the company forecasted revenue of JPY 97.05 billion (USD 648.98 million) for the year ended 31 March 2024.

Human Holdings shares closed at JPY 1,021.00 (USD 6.83), up 2.2% on the day. The company has a market cap of JPY 11.59 billion (USD 77.50 million).