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View All NewsJapan – Fullcast Holdings full year revenue up 21.1% as profits rise
Japan-based staffing firm Fullcast Holdings (4848: JP) reported revenue today of JPY 52.36 billion (USD 410.3 million) for the full year ending 31 December 2021, a 21.1% increase compared to last year.
| (JPY millions) | FY 2021 | FY 2020 | Change | FY 2021 (USD millions) |
| Revenue | 52,366 | 43,226 | 21.1% | 452.2 |
| Gross Profit | 18,030 | 17,718 | 24.9% | 155.7 |
| Gross Margin | 34.4% | 40.9% | - | - |
| Operating Profit | 7,592 | 6,131 | 23.8% | 65.5 |
| Net Income | 5,012 | 4,113 | 21.9% | 43.3 |
Fullcast provides short-term human resources placement, payroll service outsourcing and long-term human resources dispatching. In the short-term operational support business, the company supports the following sectors: distribution, warehouse work, relocation, manufacturing, catering, sales promotion, call centres, and offices.
The group said it saw continued recovery of customer demand, despite the impact of the pandemic and its restrictions Furthermore, growth was also attributed to acquisition of government projects mainly related to vaccination support.
Looking ahead the group forecasted revenue of JPY 54.73 billion (USD 472.6 million) for the year ended 31 December 2022.
Fullcast Holdings shares closed at JPY 2,303.00 (USD 19.89), up 0.92% on the day and 27.94% above the 52 week low of JPY 1,800.00 (USD 15.55) set on 12 February 2021. The company has a market cap of JPY 85.54 billion (USD 738.67 million).