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View All NewsJapan – Will Group Q1 revenue rises 10% as profits grow
Japanese HR firm Will Group (6089:TYO), which focuses on temporary staffing, business contracting and recruitment, reported revenue of JPY 31.54 billion (USD 1.08 billion) for the first quarter ended 30 June 2021, an increase of 10.1% when compared to the same period last year.
| (JPY millions) | Q1 2021 | Q1 2020 | Change | Q1 2021 (USD millions) |
| Revenue | 31,539 | 28,635 | 10.1% | 286.3 |
| Gross Profit | 6,900 | 5,864 | 17.6% | 62.6 |
| Gross Margin | 21.8% | 20.4% | ||
| Operating Income | 1,136 | 989 | 14.9% | 10.3 |
| Net Income | 702 | 632 | 11.1% | 6.3 |
Will Group is engaged in the human resource business focusing on temporary staffing, business contracting and recruitment. The group operates in seven segments: sales outsourcing, call centre outsourcing, factory outsourcing, nursing care domain support, overseas HR, and others (Japan) and the recently added start-up, human resources support business.
Looking ahead, the company forecasted revenue of JPY 127.0 billion for the year ended 31 March 2022.
Will Group shares last traded at JPY 951.00 (USD 8.63), down 0.31% on the day and 18.58% below its 52-week high of JPY 1,168.00 (USD 10.60), set on 1 April 2021. The company has a market cap of JPY 21.49 billion (USD 195.10 million).