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View All NewsJapan – Hito Communications full year revenue rises 17.8% as profits climb
Japanese human resources provider Hito Communications (4433: JP) reported revenue for the full year ending 31 August 2021 of JPY 84.22 billion (USD 741.7 million), an increase of 17.8% compared to the same period last year.
| (JPY millions) | FY 2021 | FY 2020 | Change | FY 2021 (USD millions) |
| Revenue | 84,225 | 71,499 | 17.8% | 741.7 |
| Gross Profit | 14,718 | 12,607 | 16.7% | 129.6 |
| Gross Margin | 17.4% | 17.6% | - | |
| Operating Profit | 4,787 | 3,149 | 52.0% | 42.1 |
| Net Income | 2,774 | 1,370 | 102.4% | 24.4 |
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.
Earlier this year Hito announced the acquisition of Moffly Co., Ltd, a cloud-based firm focused on ecommerce.
Hito shares closed at JPY 1,770.00 (USD 15.59), up 0.57% on the day and 31.79% above the 52 week low of JPY 1,343.00 (USD 11.83) set on 30 October 2020. The company has a market cap of JPY 31.50 billion (USD 277.4 million).