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View All NewsJapan – Tsunagu Holdings H1 revenue down 15.5%
18 May 2021
Tsunagu Holdings (6551:JP), a Japan-based company offering recruitment related services, reported revenue for the six months ended 31 March 2021 of JPY 5.88 billion (USD 64.9 million), a decrease of 15.5% when compared to the same period last year.
| (JPY millions) | H1 2021 | H1 2020 | Change | H1 2021 (USD million) |
| Revenue | 5,885 | 6,966 | -15.5% | 64.9 |
| Gross Profit | 2,718 | 3,381 | -19.6% | 54.0 |
| Gross Margin | 46.1% | 48.5% | ||
| Operating Profit | -195 | -170 | - | -1.7 |
| Net Income | -156 | -195 | - | -1.4 |
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.
For the full year ending 30 September 2021, the company forecasted revenue of JPY 12.50 billion (USD 114.8 million).
Shares in Tsunagu closed on Friday at JPY 294.00 (USD 2.70), up 0.3% on the day. The company has a market cap of JPY 2.44 billion (USD 22.40 million).