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View All NewsJapan – Pasona Group full year revenue up 2.9%, HR Solutions business climbs 3%
Japanese staffing giant Pasona Group (2168: JP), reported revenue for the full-year ending 31 May 2021 of JPY 334.54 billion (USD 3.04 billion), an increase of 2.9% compared with last year.
| (JPY millions) | FY 2019 | FY 2019 | Change | FY 2020 (USD millions) |
| Revenue | 334,540 | 324,984 | 2.9% | 3,044.4 |
| Gross Profit | 82,969 | 76,689 | 8.2% | 755.0 |
| Gross Margin | 24.8% | 23.6% | - | |
| Operating Profit | 19,940 | 10,577 | 88.5% | 181.4 |
| Profit attributable to owners of parent | 6,784 | 594 | 1,040.4% | 61.7 |
Through its subsidiaries, Pasona provides human resource solutions in Japan and internationally. It offers temporary staffing/contracting, outsourcing, and outplacement services. The company also offers additional services, such as childcare; foreign language education abroad; public solutions, such as employment of persons with disabilities; and other social welfare businesses.
The HR Solutions segment is broken down as follows:
| (JPY millions) | FY 2020 | FY 2019 | Change | FY 2020 (USD millions) |
| Expert Services (Temporary staffing), Insourcing (Contracting), Others | 277,864 | 268,986 | 3.3% | 2,527.7 |
| Career Solutions (Placement/Recruiting, Outplacement) | 13,863 | 13,401 | 3.4% | 126.1 |
| Outsourcing | 37,844 | 37,271 | 1.5% | 344.2 |
| HR Solutions Total | 329,572 | 319,660 | 3.1% | 2,998.1 |
Looking ahead, the company forecasted revenue of JPY 350 billion (USD 3.18 billion) for the year ended 31 May 2022.
Pasona Group shares closed at JPY 2,415.00 (USD 21.97), up 0.37% on the day and 2.07% below its 52-week high of 2,466.00 (USD 22.43), set on 2 July 2021. The company has a market cap of JPY 100.31 billion (USD 913.47 million).