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Japan: Net profits up across the board but share prices down

15 May 2013

There have been a number of Japanese companies reporting today Human Holdings (2415:TYO) saw group net profits increase 48% to JPY 825 million (USD 7.8 million) versus a year earlier. Revenue was up +8.3% at JPY 52.04 billion (USD 496 million) and operating profit increased +14.7% to JPY 1.13 billion (USD 11 million). The company mainly offers instructional and exam preparation classes, courses, and seminars but also staffing and nursing services.

Alpha Group (3322:TYO) net profits were up +18.6% at JPY 268 million (USD 2.5 million) year on year. Its revenue was up +0.6% at JPY 23.14 billion (USD 221 million) and operating profit was up +5% at JPY 440.00 million (USD 4.1 million).  Apha Group Inc, sells mobile devices through a network of sales outlets and stationery to its corporate clients. Alpha Group also provides services pertaining to sales promotion and temporary employment services.

In addition PA Co Ltd (4766:TYO) released the following forecasts for the year end  December 2013; revenue of JPY1.60 billion (USD 15 million), Operating Profit  JPY 200 million and net profit of JPY 190 million. PA Co., Ltd. provides information services and Manpower Dispatching. It also showed revenue up +12% at JPY 335 million (USD 3 million) for the first three months of the year.

On Wednesday, Human Holding’ share price closed at JPY 56,100 down -5.71% on the day. This means the company is valued at JPY 654 billion (USD 62 million). Alpha Group closed at JPY 67,700JPY down -3.29%, which means the company is valued at JPY 2.17 billion (USD 21 million) and PA Co closed at JPY 350.00, down -10% on the day. This means the company is valued at JPY 4.37billion (USD 41 million)

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