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Japan – Temp Holdings continues to perform well

12 November 2013

Japanese recruitment firm Temp Holdings Co., (2181: JP) reported revenue growth of +43.6% to JPY 174.4 billion (USD 1.8 billion) for the six months ending 30 September 2013 from JPY 121.5 billion (USD 1.2 billion) last year.

The company achieved an operating income of JPY 7.5 billion (USD 75.7 million), an increase of +64.8% from JPY 4.6 billion (USD 46.4 million) last year. The company reported an operating profit of JPY 7.4 billion (USD 74.7 million), a rise of +58.8% compared with JPY 4.7 billion (USD 47.4 million) a year ago.

Temp Holdings achieved a net income of JPY 3.5 billion (USD 35.3 million), equating to year-on-year growth of +33.2% from JPY 2.6 billion (USD 26.2 million) for the same period last year. The company’s half year performance continues the positive trend reported in the first quarter of this financial year.

Temp Holdings Co., Ltd., through its subsidiaries, provides temporary staffing, placement, consulting, and outsourcing services in Japan, Mainland China, Hong Kong, Taiwan, Korea, Singapore, Indonesia, and the United States. It offers temporary staffing, recruitment, and outsourcing services for various fields. Temp Holdings is currently the second largest staffing firm in Japan, according to research from Staffing Industry Analysts.

In trading today, the company’s share price fell by -5.9% to JPY 2,652 (USD 26.75), an increase of +169.3% compared with a year ago. Based on its current share price, the company has a market value of JPY 194.98 billion (USD 1.97 billion). 

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