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Japan – Human Holdings revenue up 2.2% in first quarter

10 August 2021

Human Holdings Co. Ltd. (2415:JP), a provider of human resource and employment services in Japan, reported revenue today of JPY 21.53 billion (USD 194.8 million) for the first quarter ended 30 June 2021, an increase of 2.2% when compared to the previous year.

(JPY millions) Q1 2021 Q1 2020 Change Q1 2021 (USD millions)
Revenue 21,536 21,079 2.2% 194.8
Gross Profit 5,640 5,844 -3.5% 51.0
Gross Margin 26.2% 27.7%    
Operating Profit 761 796 -4.4% 6.8
Net Income 475 450 5.6% 4.3

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.

Human Holdings forecasted revenue of JPY 88.16 billion (USD 797.65 million) for the year ended March 2022.

Shares in Human Holdings closed at JPY 892.00 (USD 8.07), up 3.84% on the day and 13.98% below its 52-week high of JPY 1,037.00 (USD 9.38), set on 15 February 2021. The company has a market cap of JPY 9.44 billion (USD 85.41 million).