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Japan – PA Co H1 revenue down 7.3%

16 August 2021

Japanese temporary staffing firm PA Co (4766: JP) reported revenue for the six months ended 30 June 2021 of JPY 766 million (USD 7.0 million), down 7.3% compared to the same period last year. 

(JPY millions) H1 2021 H1 2020 Change H1 2021 (USD millions)
Revenue 766 827 -7.3% 7.0
Operating Profit -62 -110 - -0.5
Net Income -253 -17 - -2.3

PA Co operates Information Services and Temporary Staffing Services. The Information Services segment publishes free job information magazines and sales promotion information publications; offers sales promotion tools through mobiles, and operates recruitment websites for full-time employers focusing on mobile sites. The group also operates a nursery business.

Revenue in the group’s dispatch (temporary staffing) business increased by 15.8% compared to the same period last year.

The group’s Information service business saw revenue slip by 14.5%. At the same time, the childcare business saw revenue dip by 11% while the regional revitalization revenue was up 21.6%.  The group’s other business was up 35%.

PA Co did not provide a financial forecast.

Shares in PA Co closed at JPY 202.00 (USD 1.85), up 2.54% on the day and 29.49% above the 52 week low of JPY 156.00 (USD 1.43) set on 28 August 2020. The company has a market cap of JPY 2.21 billion (USD 20.2 million).