Daily News
View All NewsWill Group H1 revenue slides 4.3% as profits decline
Japanese HR firm Will Group (6089:TYO), which focuses on temporary staffing, business contracting and recruitment, reported revenue today of JPY 69.27 billion (USD 459.2 million) for the six months ended 30 September 2023, a decrease of 4.3% when compared to the same period last year.
| (JPY millions) | H1 2023 | H1 2022 | Change | H1 2023 (USD millions) |
| Revenue | 69,276 | 72,358 | -4.3% | 459.2 |
| Gross Profit | 15,408 | 16,215 | -4.9% | 102.1 |
| Gross Margin | 22.2% | 22.4% | - | - |
| Operating Income | 2,019 | 2,934 | -31.2% | 13.4 |
| Net Income | 1,402 | 1,743 | -19.6% | 9.2 |
The domestic working business reported revenue was down 2.0% from the same period a year ago. The overseas working business saw revenue fall 4.4% from the same period of the previous year. At the same time, the ‘Others’ business reported a fall of 87.7% over the year.
Looking ahead the company forecasted revenue of JPY 144.0 billion (USD 954.60 million) for the year ended 31 March 2024.
Will Group shares closed today at JPY 1,061.00 (USD 7.03), down 2.12% on the day and 5.89% above its 52-week low of JPY 1,002.00 (USD 6.64), set on 31 May 2023. The company has a market cap of JPY 24.87 billion (USD 164.86 million).