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View All NewsJapan – Hirayama Holdings first quarter revenue improves 26.3%
Japan-based Hirayama Holdings (7781:JP), a company mainly engaged in outsourcing and technology staffing, reported revenue today for the first quarter ended 30 September 2021 of JPY 6.56 billion (USD 57.6 million), an increase of 26.3% compared to the previous year.
| (JPY millions) | Q1 2021 | Q1 2020 | Change | Q1 2021 (USD millions) |
| Revenue | 6,566 | 5,200 | 26.3% | 57.6 |
| Gross Profit | 1,117 | 816 | 36.9% | 9.8 |
| Operating Income | 125 | 0 | 0% | 1.1 |
| Net Income | 83 | 35 | 134.0% | 0.7 |
The company is mainly engaged in outsourcing and technology staffing.
The group said that its sales during the period progressed as planned. Profits exceeded the group’s forecast due to on-site improvement at contract workplaces and the acquisition of projects with high unit prices. The company added that it used digital transformation and Robotic Process Automation in selling, general and administrative expenses.
Looking ahead Hirayama Holdings forecasted revenue of JPY 26 billion (USD 228.3 million) for the full year ended June 2022.
Shares in Hirayama Holdings closed at JPY 1,420.00 (USD 12.47), down 4.05% on the day and 13.99% below its 52-week high of JPY 1,651.00 (USD 14.50), set on 18 June 2021. The company has a market cap of JPY 5.34 billion (USD 46.9 million).