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Japanese staffing services provider JPN Holdings Co. Ltd. (8718: JP) reported revenue for the nine months ending 31 October 2013 of JPY 5.1 billion (USD 49.7 million), a fall of -3.8% compared with JPY 5.3 billion (USD 51.6 million) last year.
The company reported an operating profit of JPY 19 million (USD 185,115), an improvement on an operating loss of JPY 18 million (USD 175,372) a year ago. Pre-tax for the period also reported a substantial improvement compared with last year, rising from a loss of JPY 1 million (USD 9,743) to a pre-tax profit of JPY 54 million (USD 526,116).
JPN despite reporting an improved performance compared with same nine month period last year, recorded a net loss of JPY 7 million (USD 68,200). This, however, remains an improvement on a net loss of JPY 100 million (USD 974,289) in 2012.
Forecasting forward to the year-end, 31 January 2014, the company expects to achieve revenue of JPY 7.15 billion (USD 69.7 million) for the full twelve months, an increase of +0.7% compared with the previous year. Operating profit and pre-tax profit are expected to fall below last year’s results, but net income if forecast to reach JPY 50 million (USD 487,144), a year-on-year improvement of +781.7%.
According to the company’s financial statement: “The environment surrounding the temporary staffing industry has seen a gradual improvement in the unemployment rate and the ratio of job offers to job seekers due to the improvement of corporate performance. Demand for our human resources service has also remained strong, on the whole.”
JPN Holdings Company, Limited, through its subsidiaries, provides debt collection, child care provision, and staffing services in Japan. The company offers staffing, outsourcing, dispatching, and recruitment services, as well as telemarketing services.
In trading today, the company’s share price rose marginally by +0.17% to JPY 591 (USD 5.76), an increase of +55.6% compared with a year ago. Based on its current share price, the company has a market value of JPY 2.9 billion (USD 28.3 million).