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View All NewsJapan – Human Holdings revenue falls slightly, but profits improve
Human Holdings Co. Ltd. (2415:JP), a provider of human resource and employment services in Japan, reported revenue on Friday of JPY 63.57 billion (USD 603.6 million) for the nine months ended 31 December 2020, a fall of 1.1% when compared to the previous year.
| (JPY millions) | 9 months 2020 | 9 months 2019 | Change | 9 months 2020 (USD millions) |
| Revenue | 63,574 | 64,257 | -1.1% | 603.6 |
| Operating Profit | 2,040 | 1,458 | 39.9% | 19.3 |
| Net Income | 1,350 | 677 | 99.2% | 12.8 |
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 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.
According to SIA’s report Largest Staffing Firms in Japan and Market Overview, Human Holdings ranks as the 13th largest staffing firm in Japan.
Human Holdings said its sales were impacted by the pandemic. Operating profit increased due to an increase in the human resources-related business.
The group forecasted revenue of JPY 85.35 billion (USD 810.33 million) for the year ended March 2021.
Shares in Human Holdings closed on Friday at JPY 931 (USD 8.84), up 6.6% on the day. The company has a market cap of JPY 11.15 billion (USD 105.86 million).