Daily News
View All NewsJapan – World Holdings revenue jumps 30% as profits improve
Japanese outsourcing services company World Holdings (2429: JP) reported revenue for the nine months ended 30 September 2022 of JPY 132.34 billion (USD 903.9 million), an increase of 30.3% compared to the previous year.
| (JPY millions) | 9 months 2022 | 9 months 2021 | Change | 9 months 2022 (USD millions) |
| Revenue | 132,346 | 101,533 | 30.3% | 903.9 |
| Gross Profit | 22,730 | 17,467 | 30.1% | 155.2 |
| Gross Margin | 17.2% | 17.2% | ||
| Operating Profit | 6,621 | 4,115 | 60.9% | 45.2 |
| Net Income | 3,883 | 3,150 | 23.3% | 26.5 |
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.
The group’s Products HR business were up 26.2% while the Service HR business increased by 30.9%. The Real Estate business reported an increase of 57.5%. Revenue in the Information and Communication business fell by 11.2%. The Agriculture Park business was up 45.6% over the year.
Looking ahead the company forecasted revenue of JPY 180.00 billion (USD 1.23 billion) for the year ended 31 December 2022.
World Holdings shares closed at JPY 2,636.00 (USD 18.01) , up 0.11% on the day and 10.55% below its 52-week high of JPY 2,947.00 (USD 20.13), set on 10 November 2021. The company has a market cap of JPY 46.37 billion (USD 316.76 million).