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View All NewsWorld Holdings nine-month revenue edges up 14.1% as profits lift
Japanese outsourcing services company World Holdings (2429: JP) reported revenue for the nine months ended 30 September 2023 of JPY 150.97 billion (USD 999.2 million), an increase of 14.1% compared to the previous year.
| (JPY millions) | 9 months 2023 | 9 months 2022 | Change | 9 months 2023 (USD millions) |
| Revenue | 150,976 | 132,346 | 14.1% | 999.2 |
| Gross Profit | 26,922 | 22,730 | 18.4% | 178.2 |
| Gross Margin | 17.8% | 17.2% | ||
| Operating Profit | 7,769 | 6,621 | 17.3% | 51.4 |
| Net Income | 4,707 | 3,883 | 21.2% | 31.1 |
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 Product HR business grew by 15.1% over the year. Revenue rose by 13.6% in the Service HR business. Meanwhile the Real Estate business reported an 18.5% uptick in revenue. The Information and Communications business reported a decline of -9.6%. At the same time, the Agricultural Park business saw an increase of 8.7%.
Looking ahead the company forecasted revenue of JPY 201.35 billion (USD 1.33 billion) for the year ended 31 December 2023.
World Holdings shares closed today at JPY 2,414.00 (USD 15.98), up 0.88% on the day and 8.40% above its 52-week low of JPY 2,227.00 (USD 14.74), set on 24 October 2023. The company has a market cap of JPY 42.27 billion (USD 279.76 million).