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View All NewsJapan – Will Group first half revenue rises 9.9%
Japanese HR firm Will Group (6089:TYO), which focuses on temporary staffing, business contracting and recruitment, reported revenue of JPY 63.91 billion (USD 561.8 million) for the six months ended 30 September 2021, an increase of 9.9% when compared to the same period last year.
The group said demand for HR services was strong despite the continued impact of the Covid-19 pandemic.
| (JPY millions) | H1 2021 | H1 2020 | Change | H1 2021 (USD millions) |
| Revenue | 63,913 | 58,177 | 9.9% | 561.8 |
| Gross Profit | 14,035 | 11,921 | 17.7% | |
| Gross Margin | 21.9% | 20.5% | - | - |
| Operating Income | 2,685 | 2,221 | 20.9% | 21.4 |
| Net Income | 1,698 | 1,304 | 30.2% | 12.5 |
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, Others (Japan) and the recently added segment the Start-up Human Resources Support Business.
Looking ahead the company forecasted revenue of JPY 130.00 billion for the year ended March 2022.
Shares in Will Group set a new 52-week high during today's trading session when it reached JPY 1,402.00. Over this period, the share price is up 52.82%. Shares last traded at JPY 1,380, down 1.29% on the day. The company has a market cap of JPY 31.65 billion.