Net sales rose 12.9% at nms Holdings Corp. (2162: TYO) in the staffing provider’s fiscal first quarter ended 30 June to JPY 18.57 billion (USD 128.5 million). The Tokyo-based company announced earnings Monday. 

Gross margin improved at nms Holdings while the company posted net income after posting a net loss in the second quarter of the previous fiscal year.

The company provides staffing to the manufacturing industry and conducts manufacturing itself in electronics and power supplies.

Full-year net sales is forecast to be up 7.5%.

Share price

Shares in nms Holdings closed down 2.38% in Japan on Tuesday to JPY 451.00 (USD 3.15); they were 26.1% below their 52-week high, according to FT.com.