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View All NewsJapan – Revenue up 18% at Mirai Works while profits jump
16 February 2022
Japan-based HR services firm Mirai Works (6563: TYO) on Wednesday reported revenue of JPY 1.35 billion (USD 10.8 million) for the first quarter ended 31 December 2021.
| (JPY millions) | Q1 2022 | Q1 2021 | Change | Q1 2022 (USD millions) |
| Revenue | 1,352 | 1,143 | 18.3% | 11.7 |
| Gross Profit | 351 | 269 | 30.0% | 3.0 |
| Gross Margin | 25.9% | 23.6% | ||
| Operating Income | 41 | 24 | 71.6% | 0.3 |
| Net Income | 35 | 17 | 96.6% | 0.3 |
Mirai works provides a number of staffing and other related services in Japan, mostly in professional segments such as healthcare.
The company said the number of registered professionals continued to grow steadily during the period.
Looking ahead, Mirai Works forecasted revenue of JPY 6.00 billion (USD 51.8 million) for the year ended 30 September 2022.
Shares in Mirai Works closed on Wednesday at JPY 794.00 (USD 6.86), up 6.72% on the day. The company has a market cap of JPY 3.90 billion (USD 33.71 million).