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View All NewsJapan – Will Group revenue rises 10.7% as profits jump
Japanese HR firm Will Group (6089:TYO), which focuses on temporary staffing, business contracting and recruitment, reported revenue today of JPY 97.60 billion (USD 845.9million) for the nine months ended 31 December 2021, an uptick of 10.7% when compared to the same period last year.
| (JPY millions) | 9 months 2021 | 9 months 2020 | Change | 9 months 2021 (USD millions) |
| Revenue | 97,608 | 88,139 | 10.7% | 845.9 |
| Operating Income | 4,165 | 3,244 | 28.4% | 36.1 |
| Gross Profit | 21,294 | 17,910 | 18.9% | 184.5 |
| Gross Margin | 21.8% | 20.3% | - | |
| Net Income | 2,628 | 1,878 | 39.9% | 22.7 |
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 a recently added segment - Start-up Human Resources Support Business.
The group said demand for human resources is strong, and both dispatching and temporary staffing are proceeding smoothly. Will Group’s Domestic business was up 0.4% over the year while its overseas business increased by 33.6% over the year.
Shares in Will Group Inc closed at JPY 1,274.00 (USD 11.04), up 0.55% on the day and 21.16% below its 52-week high of JPY 1,616.00 (USD 14.00), set on 10 November 2021. The company has a market cap of JPY 28.70 billion (USD 248.70 million).