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Japanese human resources service provider Crie Anabuki Inc., (4336: JP) have downgraded their forecasted results for the six months ending 30 September 2013. The company had previously expected to report revenue of JPY 2.38 billion (USD 24.2 million) for the period, but now expect to report revenue of JPY 2.24 billion (USD 22.8 million), equating to a drop of -5.9% against expectations.
The company had previously predicted that the six month period would result in a loss, however expectations are that this will be much more pronounced than expected. Crie Anabuki had anticipated an operating loss of JPY 8 million (USD 81,335), but now expect an operating loss of JPY 39 million (USD 396,520).
A pre-tax loss of JPY 7 million (USD 71,170) had been forecast for the period, which is now expected to increase to a pre-tax loss of JPY 38 million (USD 386,355). Crie Anabuke expected a net loss of JPY 6 million (USD 61,000) for H1 2013, but now expect a net loss of JPY 26 million (USD 264,345).
The company did not release information explaining the reason for the downgraded forecast and have not advised when they will publish their official report for the period. Crie Anabuki’s announcement comes as other labour dispatch and recruitment service providers; such as Pasona, SMS Co, and Outsourcing Inc. are reporting improvement in their results.
Crie Anabuki Inc. is mainly engaged in the human resource service-related business. The company operates in six business segments. The Human Resource Dispatching segment is involved in the general manpower dispatching business. The Outsourcing segment provides outsourcing services, including the placement of staff. The Human Resource Introduction segment provides fee-charging employment services and temp-to-perm services. The Re-employment Support segment provides support services for retired persons, and the employment adjustment consulting services for companies. The Information Technology segment provides IT-related services, including IT training, seminar operation and sample program development, among others. The ‘Others’ business segment provides training and testing services, and human resource-related consulting services. On January 17, 2012, it established one wholly owned subsidiary in the Kagawa Prefecture.
Based on its current share price, the company has a market value of JPY 1.1 billion (USD 11.2 million).