Human Holdings Co. Ltd. (2415:JP), a provider of human resource and employment services in Japan, announced a revision of its forecasted results for the year ended 31 March 2022, downgrading revenue to JPY 87.08 billion (USD 767.81 million), from the previously announced JPY 88.16 billion (USD 777.33 million).

Operating income was also revised to JPY 2.80 billion (USD 24.68 million) from the previously announced 2.26 billion (USD 19.92 million). Net income was revised to JPY 1.70 billion (USD 14.98 million) from the previously announced JPY 1.28 billion (USD 11.28 million).

The group said that the impact of the Covid-19 pandemic continued to effect the number of overseas IT engineers hired in the human resources-related business, as well as the company’s education business.

Human Holdings added that the impact of the Covid-19 pandemic on the number of job openings is on a better-than-expected recovery trend which led to the improvement in forecast for profits.

The company primarily engages in human resources business and education. The Human Resources segment provides staffing, placement and recruiting, and outsourcing services. The Education segment is involved in continuing education and full-time education services. The company also engages in several other services such as nursing care, nail salons and sports and entertainment.