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View All NewsJapan – RPA helps Hirayama Holdings exceed forecasted results
Japan-based Hirayama Holdings (7781:JP), a company mainly engaged in outsourcing and technology staffing, reported revenue yesterday for the first quarter ended 30 September 2022 of JPY 7.71 billion (USD 55.4 million), an increase of 17.6% compared to the previous year.
| (JPY millions) | Q1 2022 | Q1 2021 | Change | Q1 2022 (USD millions) |
| Revenue | 7,719 | 6,566 | 17.6% | 55.4 |
| Gross Profit | 1,321 | 1,117 | 18.2% | 9.4 |
| Gross Margin | 17.1% | 17.0% | - | - |
| Operating Income | 284 | 125 | 126.1% | 2.0 |
| Net Income | 200 | 83 | 138.3% | 1.4 |
The company is mainly engaged in outsourcing and technology staffing.
Hirayama said that acquisitions and the efficient use of RPA (robotic process automation) in selling, general and administrative expenses resulted in the group exceeding its forecasted results.
Revenue in the Insourcing/Temporary staffing business was up 16.3% over the year. Revenue in the technician/dispatching business was up 25.3% year-on-year. Revenue in the overseas business was up 12.9%.
Looking ahead the company has a market cap of JPY 32.0 billion (USD 229.7 million) for the year ended 30 June 2023.
Hirayama Holdings shares closed yesterday at JPY 649.00 (USD 4.66), up 2.52% on the day. The company has a market cap of JPY 5.26 billion (USD 37.7 million).