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View All NewsJapan – Human Associates Holdings Q1 revenue up 24% as losses narrow
Human Associates Holdings (6575: TYO), a Japan-based company mainly engaged in employment placement and mental health care, reported revenue today of JPY 592 million (USD 5.3 million) for the first quarter ended 30 June 2021, an increase of 24.2% when compared to the previous year.
| (JPY millions) | Q1 2021 | Q1 2020 | % change | Q1 2021 (USD millions) |
| Revenue | 592 | 477 | 24.2% | 5.3 |
| Gross Profit | 473 | 393 | 20.3% | 4.2 |
| Gross Margin | 80.0% | 82.5% | ||
| Operating Income | -33 | -128 | - | -0.2 |
| Profit for the Period | -33 | -83 | - | -0.2 |
Human Associates Holdings’ Employment Placement segment mainly provides paid employment placement services based on the employment security law, focusing on high added-value human resources.
The company forecasted revenue of JPY 2.92 billion (USD 26.3 million) for the year ended March 2022.
Shares in Human Associates Holdings closed at JPY 720.00, up 1.55% on the day and 20.00% above the 52 week low of JPY 600.00 (USD 5.42) set on 28 December 2020. The company has a market cap of JPY 2.31 billion (USD 20.8 million).