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Japan – Human Holdings sales rise but profit under pressure

13 February 2013

Japanese staffing firm Human Holdings (2415:JP) today posted revenues of USD 414.3 million (JPY 38.93 billion) for the nine months to December 2012, up +9% from USD 380.4 million (JPY 35.75 billion) a year ago.

But net profit for the period fell to USD 5.9 million (JPY 563.0 million) from USD 7.1 million (JPY 669.0 million) a year earlier.

Human Holdings is not a pure staffing business, but the firm’s recruitment operations is one of its core divisions. The firm offers temporary staffing services and specialises in the recruitment of engineering and technical staff.

The company, which also acts as a recruiting agent and engages in international staffing services mainly with China, also released a revenue forecast for the year ending in March 2013. Human Holdings expects revenue for its 2012/2013 fiscal year to reach USD 567.0 million (JPY 53.28 billion). Net profit is projected to amount to USD 7.7 million (JPY 725 million).

The Japanese staffing market is the second-largest in the world with many domestic firms dominating the local market according to research by Staffing Industry Analysts. 

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