Daily News
View All NewsJapan – World Holdings reports 2.9% growth in revenue while profits climb
Japanese outsourcing services company World Holdings (2429: JP) reported revenue for the nine months ended 30 September 2021 of JPY 101.53 billion (USD 897.1 million), an increase of 2.9% compared to the previous year.
The group said its human resources and education business performed well, driving revenue growth.
| (JPY millions) | 9 months 2021 | 9 months 2020 | Change | 9 months 2021 (USD millions) |
| Revenue | 101,533 | 98,682 | 2.9% | 897.1 |
| Gross Profit | 17,467 | 16,796 | 3.9% | 154.3 |
| Gross Margin | ||||
| Operating Profit | 4,115 | 3,283 | 25.3% | 36.3 |
| Net Income | 3,150 | 3,010 | 13.2% | 27.8 |
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.
Looking ahead the company forecasted revenue of JPY 151.35 billion for the year ended 31 December 2021.
Shares in World Holdings closed at JPY 2,920.00 (USD 25.80), down 1.05% on the day and 10.57% below its 52-week high of JPY 3,265.00 (USD 28.85), set on 27 July 2021. The company has a market cap of JPY 51.85 billion (USD 458.08 million).