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View All NewsJapan – Nisso H1 revenue jumps 11.3%
Nisso Corporation (6569: TYO), a Japanese human resources firm providing staffing services, reported revenue today of JPY 36.69 billion (USD 323.5 million) for the first six months ended 30 September 2021, an increase of 11.3% compared to the same period last year.
| (JPY millions) | H1 2021 | H1 2020 | Change | H1 2021 (USD millions) |
| Revenue | 36,694 | 32,972 | 11.3% | 323.5 |
| Gross Profit | 6,035 | 5,093 | 18.5% | 53.2 |
| Gross Margin | 16.4% | 15.4% | ||
| Operating Profit | 824 | 731 | 12.7% | 7.2 |
| Net Income | 587 | 596 | -1.6% | 5.1 |
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 an 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.
Looking ahead the company forecasted revenue of JPY 78.00 billion (USD 687.68 million) for the year ended March 2022.
Shares in Nisso Corp closed at JPY 735.00 (USD 6.48), down 0.14% on the day and 15.20% above the 52 week low of JPY 638.00 (USD 5.62) set on 5 January 2021. The company has a market cap of JPY 25.27 billion (USD 222.78 million).