Tsunagu Holdings (6551:JP), a Japan-based company offering recruitment related services, reported revenue for the full year ended 30 September 2021 of JPY 11.02 billion (USD 97.2 million), a fall of 8.9% when compared to the same period last year.

Tsunagu engages in staff support and employment placement services. It provides recruitment supporting, corporate event outsourcing, job lead media operation, recruitment training, and other services.

The group said it had continued to be impacted by the Covid-19 pandemic. The company also reported costs involved with the reorganisation of operating companies, major office optimisation, and system integration.

Revenue in the RPO service segment was down 20% due to the suspension and reduction of recruitment activities.

Looking ahead, the company forecasted revenue of JPY 11.00 billion (USD 97.03 million) for the year ended 30 September 2022.

Tsunagu Group Holdings originally published its financial results on 15 November but the group published a partial correction today and resubmitted its financial results. The corrections involved due dividends received from individual financial statements of the company. Tsunagu added that there was no impact on the consolidated financial statements.

Shares closed today at JPY 290.00 (USD 2.56), down 6.15% on the day and 4.32% above its 52-week low of JPY 278.00 (USD 2.45), set on 23 December 2020. The company has a market cap of JPY 2.65 billion (USD 23.37 million).