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View All NewsMirai Works reports revenue and profits growth in nine-month period
17 August 2023
Japan-based HR services firm Mirai Works (6563: TYO) reported revenue on Monday of JPY 6.13 billion (USD 41.9 million) for the nine months ended 30 June 2023.
The company did not provide prior year results, however the group reported revenue of JPY 4.49 billion (USD 33.6 million) the year prior, showing an increase of 36.5%.
| (JPY millions) | 9 months 2023 | 9 months 2023 (USD millions) |
| Revenue | 6,138 | 41.9 |
| Gross Profit | 1,563 | 10.6 |
| Gross Margin | 25.4% | - |
| Operating Income | 110 | 0.7 |
| Net Income | 51 | 0.3 |
| (JPY millions) | 9 months 2022 | 9 months 2022 (USD millions) |
| Revenue | 4,494 | 33.6 |
| Gross Profit | 1,128 | 8.4 |
| Gross Margin | 25.1% | - |
| Operating Income | 68 | 0.5 |
| Net Income | 27 | 0.2 |
Mirai Works provide several staffing and other related services in Japan, mainly in professional segments such as healthcare.
Looking ahead the company forecasted revenue of JPY 8.50 billion (USD 58.0 million) for the year ended 30 September 2023.
Mirai Works shares closed on Monday at JPY 781.00 (USD 5.33), down 23.5% on the day. The company has a market cap of JPY 3.98 billion (USD 27.2 million).