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 2020 of JPY 10.89 billion (USD 103.5 million), a decrease of 7.6% compared to the previous year.

The company is mainly engaged in outsourcing and technology staffing.

The group said it saw the start of a recovery beginning the first quarter ended 30 September 2020. During that period, revenue was down 10.4%.

Hirayama’s insourcing/dispatching (temporary staffing) business saw revenue fall 4.2%, but the group said the business is trending toward recovery.

Revenue in the engineering dispatch business was down 3.5% due to the impact of the pandemic.

Meanwhile, revenue for the group’s overseas business was negatively impacted by the pandemic and fell by 40.3%. However, the group said there were signs of recovery in the segment.

Revenue in the ‘other business’ segment, which includes the on-site improvement consulting business and training tours from overseas, was down 9.3% due to the coronavirus, however it saw recovery during the period.

Looking ahead, the company forecasted revenue of JPY 23.30 billion (USD 221.38 million) for the year ended 30 June 2021.

Shares in Hirayama Holdings closed on Friday at JPY 1,245 (USD 11.83), up 2.55% on the day. The company has a market cap of JPY 4.32 billion (USD 41.0 million).