Japan-based Hirayama Holdings (7781:JP), a company mainly engaged in outsourcing and technology staffing, reported revenue yesterday for the six months ended 31 December 2022 of JPY 15.77 billion (USD 118.5 million), an increase of 17.6% compared to the previous year.

The company is mainly engaged in outsourcing and technology staffing.

The group said it achieved results that exceeded its plan, partly due to the effects of using RPA (robotic process automation) in selling, general and administrative expenses.

Revenue in the Insourcing/Temporary staffing business was up 15.6% over the year. The technician dispatch business saw revenue rise by 24.3% over the year. The group’s overseas business saw revenue increase by 24.1%. Revenue in Other Business rose by 42.5%.

Looking ahead the company forecasted revenue of JPY 32.00 billion (USD 240.5 million) for the year ended 30 June 2023.

Hirayama Holdings shares closed yesterday at JPY 810.00 (USD 6.09), down 1.09% on the day. The company has a market cap of JPY 6.04 billion (USD 45.4 million).