Japanese outsourcing services company World Holdings (2429: JP) reported revenue today for the first six months ended 30 June 2023 of JPY 90.46 billion (USD 635.4 million), an increase of 4.9% compared to the previous year. 

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.

Revenue in the Products HR business increased by 16.4%.

Revenue in the Service HR business was up 3.7% year-on-year. Revenue in the real estate business fell by 17.2% over the year. In the information and communication business, revenue fell by 9.3% year-on-year. The agricultural park business was up 8.7% year-on-year.

Last week, Yamoto Holdings announced it signed a business agreement with World Holdings to transfer its subsidiary Yamoto Staff Supply. Yamato Holdings is a conglomerate primarily focused on freight delivery, courier services and logistical services.  

Looking ahead the group forecasted revenue of JPY 201.35 billion (USD 1.41 billion) for the year ended 31 December 2023.

World Holdings shares closed at JPY 2,624.00 (USD 18.43), up 1.82% on the day and 10.58% above the 52-week low of JPY 2,373.00 (USD 16.67) set on 13 January 2023. The company has a market cap of JPY 45.50 billion (USD 319.61 million).