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Japan – Mirai Works H1 revenue edges up

16 May 2022

Japan-based HR services firm Mirai Works (6563: TYO) reported revenue on Friday of JPY 2.45 billion (USD 22.2 million) for the six months ended 31 March 2021.

(JPY millions)  H1 2021  H1 2021 Change H1 2022 (USD millions)
Revenue 2,873 2,455 17.0% 22.2
Gross Profit 728 606 20.1% 5.6
Gross Margin 25.3% 24.7%    
Operating Income 70 111 -37.0% 0.5
Net Income 33 75 -55.9% 0.2

Mirai works provide several staffing and other related services in Japan, mainly in professional segments such as healthcare.

Looking ahead, Mirai Works forecasted JPY 6.00 billion (USD 46.8 million) revenue for the year ended 30 September 2022.

Shares in Mirai Works closed on Friday at JPY 622.0 (USD 4.81), down 6.32% on the day. The company has a market cap of JPY 3.17 billion (USD 24.50 million).