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View All NewsJapan – Hirayama Holdings H1 revenue rises 23.1% as profits rally
Japan-based Hirayama Holdings (7781:JP), a company mainly engaged in outsourcing and technology staffing, reported revenue today for the six months ended 31 December 2021 of JPY 13.41 billion (USD 116.5 million), an increase of 23.1% compared to the previous year.
| (JPY millions) | H1 2022 | H1 2021 | Change | H1 2022 (USD millions) |
| Revenue | 13,411 | 10,897 | 23.1% | 116.5 |
| Gross Profit | 2,400 | 1,894 | 26.7% | 20.8 |
| Gross Margin | 17.9% | 17.4% | - | - |
| Operating Income | 390 | 207 | 88.5% | 3.4 |
| Net Income | 212 | 162 | 30.5% | 1.8 |
The company is mainly engaged in outsourcing and technology staffing.
Revenue was up 21.1% in the insourcing/dispatching business and up by 23.8% for the engineer dispatching business. Revenue also increased by 63.2% for the overseas business, and was down 2.6% for the ‘Other business’.
Looking ahead the company forecasted revenue of JPY 26.00 billion (USD 225.91 million) for the year ended 30 June 2022.
Hirayama Holdings shares closed at JPY 1,224.00 (USD 10.64), down 4.38% on the day and 10.07% above the 52 week low of JPY 1,112.00 (USD 9.66) set on 12 May 2021. The company has a market cap of JPY 4.65 billion (USD 40.40 million).