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View All NewsJapan – Mirai Works reports H1 revenue
Japan-based HR services firm Mirai Works (6563: TYO) reported revenue on Friday of JPY 4.13 billion (USD 30.4 million) for the six months ended 31 March 2023.
The company did not provide prior year results, however the group reported revenue of JPY 2.87 billion the year prior, showing an increase of 43.8%. Prior year results can be found here.
| (JPY millions) | H1 2023 | H1 2023 (USD millions) |
| Revenue | 4,132 | 30.4 |
| Gross Profit | 1,058 | 7.8 |
| Gross Margin | 25.6% | |
| Operating Income | 122 | 0.9 |
| Net Income | 71 | 0.5 |
| (JPY millions) | H1 2022 | H1 2022 (USD millions) |
| Revenue | 2,873 | 22.2 |
| Gross Profit | 728 | 5.6 |
| Gross Margin | 25.3% | |
| Operating Income | 70 | 0.5 |
| Net Income | 33 | 0.2 |
Mirai Works provide several staffing and other related services in Japan, mainly in professional segments such as healthcare.
On October 2022, Mirai Works announced that it acquired a 100% stake in Hive Co Ltd., a company also based in Japan. Hive is involved in website design production and operation system development as well as an employment placement business.
Looking ahead, Mirai Works forecasted revenue of JPY 8.50 billion (USD 62.5 million) for the full year ended 30 September 2023.
Mirai Works shares closed on Friday at JPY 799 (USD 5.88), up 14.3% on the day. The company has a market cap of JPY 4.46 billion (USD 32.80 million).