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Japan – Hirayama Holdings, a technical staffing provider, reports revenue up 22.1%

18 May 2022

Hirayama Holdings Co. Ltd. (7781:TYO), a Tokyo-based provider of engineering and manufacturing staffing and outsourcing, reported revenue rose 22.1% year over year in the first nine months of its fiscal year from July 1, 2021, through March 31, 2022.

(JPY thousands) Nine months ended 31 March 2022 Nine months ended 31 March 2021 % change Nine months ended 31 March 2022 (USD thousands)
Revenue            20,379,332            16,697,463 22.1%                              167,111
Gross profit              3,601,548              2,928,323 23.0%                                29,533
Gross margin 17.7% 17.5%  -   - 
Net income                  351,253                  298,597 17.6%                                  2,880

In addition to Japan, Hirayama also has business operations in Thailand, Vietnam and China.

Guidance

Hirayama forecasts full-year revenue for the current fiscal year will be up 12.8% compared to the previous year.

Share price and market cap

Shares in Hirayama closed down 0.69% to JPY 1,286 (USD 9.95) on Tuesday in Tokyo; they were 14.72% above their 52-week low, according to FT.com. the company had a market cap of JPY 4.56 billion (USD 35.3 million).