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Japan – Human Holdings full-year revenue remains steady

16 May 2022

Human Holdings Co. Ltd. (2415:JP), a human resource and employment services provider in Japan, reported revenue on Friday of JPY 86.29 billion (USD 667.1 million) for the full year ended 31 March 2022, a slight increase of 0.6% when compared to the previous year.

(JPY millions) FY 2021 FY 2020 Change FY 2019 (USD millions)
Revenue 86,292 85,811 0.6% 667.1
Gross Profit 21,801 22,860 -4.6% 168.5
Gross Margin 25.2% 26.6% - -
Operating Profit 2,474 2,702 -8.4% 19.1
Net Income 1,646 1,439 14.4% 12.7

Human Holdings primarily engages in human resources business and education. The Human Resources segment provides staffing, placement, recruiting, and outsourcing services. The Education segment is engaged 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.

Revenue in the Human Resources business increased 1.9% year on year. Revenue in the Care business improved by 6.2%. Revenue in the Other segment decreased by 2.9%.

Looking ahead, the company forecasted revenue of JPY 91.45 billion (USD 706.92 million) for the full year ended March 2023.

Shares in Human Holdings closed on Friday at JPY 876.00 (USD 6.77), up 2.3% on the day. The company has a market cap of JPY 9.65 billion (USD 74.6 million).