Nisso Holdings, a Japanese human resources firm providing staffing services, reported revenue on 7 November of JPY 50.17 billion (USD 323.9 million) for the first six months ended 30 September 2024.

The group did not publish prior year results for comparison. However, last year’s reports showed H1 revenue of JPY 47.38 billion. This meant revenue was up 5.9% year-on-year. Operating profit was up 53.3%, gross profit increased by 13.3%, and net profit was up 39.4% year-on-year.

Revenue increased year-on-year due to an increase in billing unit costs for the group’s mainstay general human resources services, as well as a significant increase in the number of enrolled staff in the highly profitable engineering human resources services.

H1 2024

H1 2023

Net sales of the general human resources services were up 6.1% year-on-year. Net sales of the engineering human resources services were up 25.9% year-on-year. Net sales of administrative human resources services were up 5.8%.

Other human resources services are classified into human resources dispatching for senior employees and light work contracting for employees with disabilities. Net sales were up 10.9% year-on-year.

Looking ahead, the company forecasted revenue of JPY 106.00 billion (USD 684.37 million) for the year ended 31 March 2025.

Nisso Holdings shares closed on 7 November at JPY 836.00 (USD 5.40), up 1.7% on the day. The company has a market cap of JPY 27.22 billion (USD 175.74 million).