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Japan – Mirai Works reports H1 results, revenue up 16.5% over previous year

18 May 2021

Japan-based HR services firm Mirai Works (6563: TYO) reported revenue on Friday of JPY 2.45 billion (USD 22.5 million) for the six months ended 31 March 2021.

The group did not provide prior year results for comparison. However prior year results are posted below the H1 2021 results indicating an increase in revenue of 16.5%.

(JPY millions)  H1 2021 H1 2021 (USD millions)
Revenue 2,455 22.5
Gross Profit 606 5.5
Gross Margin 24.7%  
Operating Income 111 1,019
Net Income 75 0.6

Prior year results

(JPY millions) H1 2020 H1 2020 (USD millions)
Revenue 2,107 19.6
Gross Profit 430 4.0
Gross Margin 20.4%  
Operating Income 50 0.4
Net Income 32 0.3

Looking ahead, the company forecasted revenue of JPY 5.00 billion (USD 45.9 million) for the year ended 30 September 2021.

Shares in Mirai closed at JPY 986.00 (USD 9.06) on Friday, up 14.4% on the day. The company has a market cap of JPY 4.69 billion (USD 43.07 million).