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View All NewsJapan – Human Associates Holdings full year revenue down as it falls into loss
Human Associates Holdings (6575: TYO), a Japan-based company mainly engaged in employment placement and mental health care, reported revenue today of JPY 2.49 billion (USD 22.7 million) for the year ended 31 March 2021, a decrease of 5.7% when compared to the previous year.
| (JPY millions) | FY 2020 | FY 2019 | % change | FY 2020 (USD millions) |
| Revenue | 2,492 | 2,643 | -5.7% | 22.7 |
| Gross Profit | 1,989 | 2,092 | -4.9% | 18.1 |
| Operating Income | -59 | 20 | - | -0.5 |
| Profit for the Period | -106 | -25 | - | -0.9 |
The group said the pandemic led to the suspension and postponement of recruitment activities.
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.
Looking ahead Human Associates Holdings forecasted revenue of JPY 2.92 billion (USD 26.65 million) for the full year ended March 2022.
Shares in Human Associates Holdings closed at JPY 651.00 (USD 5.94), down 1.36% on the day and 8.50% above its 52-week low of JPY 600.00 (USD 5.48), set on 28 December 2020. The company has a market cap of JPY 2.15 billion (USD 19.63 million).