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Japan – Serio Holdings revenue and profits record upswing

13 April 2021

Serio Holdings (6567:TYO), reported revenue today for the nine months ended 28 February 2021 of JPY 6.07 billion (USD 55.5 billion), an increase of 19.6% compared with last year.

(JPY millions) 9 months 2020 9 months 2019 Change 9 months 2020 (USD millions)
Revenue 6,076 5,079 19.6% 55.5
Gross Profit 1,224 888 37.8% 11.2
Gross Margin 20.1% 17.5% - -
Operating Profit 296 69 325.2% 2.7
Net Income 199 46 329.0% 1.8

Serio Holdings provides human resources services. The company offers talent dispatch, business contracting, personnel introduction, and related services. Serio Holdings also operates nursery school management, school facilities operation, and other businesses.

Looking ahead, the company forecasted revenue of JPY 8.20 billion (USD 74.97 million) for the year ended May 2021.

Shares in Serio closed at JPY 1,101.00 (USD 10.07), down 0.72% on the day and 30.10% below its 52-week high of 1,575.00 (USD 14.40), set on 20 October 2020. The company has a market cap of JPY 7.02 billion (USD 64.18 million).