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Japan – Mirai Works revenue on the rise

13 August 2021

Japan-based HR services firm Mirai Works (6563: TYO) reported revenue of JPY 3.70 billion (USD 33.6 million) for the nine months ended 30 June 2021.

The company did not provide prior year results in its financial report but the previous year’s results can be seen here and below for comparison.

Revenue was up 18.7% compared to the same period last year.

(JPY millions) 9 months 2021 9 months 2021 (USD millions)
Revenue 3,706 33.6
Gross Profit 928 8.4
Gross Margin 25.0%  
Operating Income 180 1.6
Net Income 108 0.9

Results for the previous year

(JPY millions) 9 months 2020 9 months 2020 (USD millions)
Revenue 3,121 28.3
Gross Profit 647 5.8
Gross Margin 20.7%  
Operating Income 64 0.5
Net Income 40 0.3

Looking ahead the company forecasts revenue of JPY 5.00 billion (UDS 45.3 million) for the year ended 30 September 2021.

Shares in Mirai Works closed at JPY 1,042 (USD 9.45), down 7.38% on the day. The company has a market cap of JPY 5.31 billion (USD 48.1 million).