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Japanese firm Outsourcing Inc. (2427: JP) reported revenue for the third quarter ending 30 September 2013 of JPY 33.6 billion (USD 344.1 million), an increase of +8% compared with JPY 31.1 billion (USD 318.5 million) for the same period last year.
The company reported an operating income for the period of JPY 401 million (USD 4.1 million), a fall of -25.2% compared with an operating income of JPY 536 million (USD 5.5 million) a year ago. Pre-tax profit for the period fell, year-on-year, by -24.8% to JPY 474 million (USD 4.9 million) from JPY 630 million (USD 6.5 million).
Net income for the period rose by +62.9% to JPY 333 million (USD 3.4 million) from JPY 205 million (USD 2.1 million) for the third quarter of 2012.
Projecting forward, Outsourcing Inc. predicts that the company will achieve revenue of JPY 50 billion (USD 512.1 million) for the full year ending 31 December 2013, a rise of +18.8% compared with the previous year. The company expects to achieve an operating income of JPY 1.5 billion (USD 15.4 million), up +52% from last year, and pre-tax profit of JPY 1.59 billion (USD 16.3 million), up 37.9% from last year.
Outsourcing Inc. provides outsourcing services for manufacturing companies. The company mainly provides services for industries; such as food, electric equipment, transport machines, chemical, and metal. Outsourcing also provides worker dispatching services, the local term for temporary workers.
In trading today, the company’s share price fell by -2.4% to JPY 1,051, an increase of +205.1% compared with a year ago. Based on its share price, the company has a current market value of JPY 16.5 billion (USD 169 million).