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View All NewsJapan – Nisso Corp full year revenue and profits down
Nisso Corporation (6569: TYO), a Japanese human resources firm providing staffing services, reported revenue today of JPY 68.21 billion (USD 627.1 million) for the full year ended 31 March 2021, a fall of 9.0% compared to the same period last year.
| (JPY millions) | FY 2020 | FY 2019 | Change | FY 2020 (USD millions) |
| Revenue | 68,213 | 74,966 | -9.0% | 627.1 |
| Gross Profit | 11,787 | 13,115 | -10.1% | 108.3 |
| Gross Margin | 17.2% | 17.5% | - | - |
| Operating Profit | 2,599 | 3,061 | -15.1% | 23.8 |
| Net Income | 1,592 | 2,033 | -21.7% | 14.6 |
Nisso operates in two segments: human resources and other business. The integrated talent service business operates a manufacturing talent service, such as manufacturing dispatching and manufacturing contracting, as well as administrative talent service, such as general office dispatching and Business Process Outsourcing (BPO). The Other business operates nursing care and welfare projects, such as facility nursing care and home care.
According to SIA’s Largest Staffing Firms in Japan report, Nisso Group was the 15th largest staffing firm in Japan based on 2019 revenue.
Looking ahead, the company forecasted revenue of JPY 76.0 billion (USD 698.78 million) for the year ended March 2022.
Shares in Nisso Corp closed at JPY 734.00 (USD 6.75), down 2.78% on the day and 20.65% below its 52-week high of JPY 925.00 (USD 8.50), set on 9 February 2021. The company has a market cap of JPY 25.91 billion (USD 238.23 million).