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Japan based human resources provider Hito Communications Inc (3654: JP) reported revenue of JPY 20.3 billion (USD 207,5 million) for the year ending 31 August 2013, an increase of +7.4% from JPY 18.9 billion (USD 193,2 million) a year ago.
Net income for the year rose by +23.8% to JPY 930 million (USD 9.5 million) from JPY 751 million (USD 7.7 million) compared with a year ago. The company reported an operating income of JPY 1.67 billion (USD 17.1 million), an increase of +15.2% from JPY 1.45 billion (USD 14.8 million) last year. Hito Communication’s pre-tax profit for the period rose by +15.1% to JPY 1.68 billion (USD 17.2 million) from JPY 1.46 billion (USD 14.9 million), year-on-year.
HITO-Communications Inc. provides human resource services. It offers corporate services, such as temporary staffing, business recruitment and outsourcing, business sales promotion, outsourced sales support, and employee training outsourcing services, as well as recruitment services for individual users in distribution and service sectors. The company was founded in 1998 and is headquartered in Tokyo, Japan.
Looking forward, the company predicts that revenue for the half year ending 28 February 2014 will be JPY 10.7 billion (USD 109.4 million). The company’s net income is expected to reach JPY 536 million (USD 5.5 million), with an operating profit of JPY 971 million (USD 9.9 million). The company expects to report a pre-tax profit of JPY 975 million (USD 9.96 million).
Hito Communications’ full year forecast predicts that revenue will reach JPY 21.8 billion (USD 222.8 million) for the year ending 31 August 2014. Net income is expected to reach JPY 1 billion (USD 10.2 million), with an operating profit of JPY 1.85 billion (USD 18.9 million). The company expects that their full year pre-tax profit will reach JPY 1.86 billion (USD 19 million).
In trading today, the company’s share price fell by -0.88% to JPY 1,457 (USD 14.89), an increase of +198% compared with a year ago. Based on its current share price, the company has a market value of JPY 13 billion (USD 132.9 million).