Japanese outsourcing services company World Holdings (2429: JP) reported revenue today for the full year ended 31 December 2020 of JPY 143.5 billion (USD 1.35 billion), an increase of 5.3% compared to the previous year. 

World Holdings Co Ltd. provides outsourcing services in the manufacturing sector operating under the World Intec brand. The company also offers personnel staffing services for engineering and short-term positions.

During the year the group said it strategically invested capital in its focus areas amid the pandemic. It made upfront investments such as setting up offices and developing human resources to set up new bases in the logistics field. It added that it steadily prepared for expansion in the next fiscal year.

Looking ahead, the company forecasted revenue of JPY 150.19 billion (USD 1.42 billion) for the year ended December 2021.

Shares in World Holdings closed today at JPY 2,023.00 (USD 19.16), up 1.81% on the day and 13.69% below its 52-week high of JPY 2,344.00 (USD 22.19), set on 22 October 2020. The company has a market cap of JPY 34.91 billion (USD 330.54 million).