Daily News
View All NewsJapan – Hito Communications H1 revenue rises 13.4%, profits record upswing
Japanese human resources provider Hito Communications (4433: JP) reported revenue today for the first six months ending 28 February 2021 of JPY 41.06 billion (USD million).
| (JPY millions) | H1 2021 | H1 2020 | Change | H1 2021 (USD millions) |
| Revenue | 41,060 | 36,198 | 13.4% | 375.1 |
| Gross Profit | 7,178 | 6,658 | 7.8% | 65.5 |
| Gross Margin | 17.4% | 18.3% | - | - |
| Operating Profit | 2,508 | 1,894 | 32.4% | 22.9 |
| Net Income | 1,520 | 1,032 | 47.2% | 13.8 |
Looking ahead, the group forecasted revenue of JPY 73 billion (USD 666.93 million) for the year ended 31 August 2021.
Hito offers temporary staffing, business recruitment and outsourcing, business sales promotion, outsourced sales support, and employee training outsourcing services, as well as recruitment services for individual users in distribution and service sectors.
Shares in Hito Communications closed at JPY 1,975.00 (USD 18.04), down 8.56% on the day and 11.91% below its 52-week high of JPY 2,242.00 (USD 20.48), set on 5 February 2021. The company has a market cap of JPY 38.07 billion (USD 347.76 million).