Nisso Corp. (6569:TYO), a Japan-based staffing firm, reported revenue on 6 February 2025 for the nine-month period ended 31 December of fiscal 2024 of JPY 76.35 billion (USD 500.9 million), up 5.3% over the same period a year ago.

Net sales increased year-on-year due to an increase in billing unit-costs for the group’s mainstay general human resources services, as well as an increase in the number of enrolled staff in the highly profitable engineering human resources services, and the gross profit margin improved by 1.0% year-on-year to 17.2%.

Although SG&A expenses increased year-on-year due to increased investment in employee recruitment expenses and the promotion of the company’s website, the increase in revenue outweighed the increase in costs, increasing operating profit year-on-year. As a result, the operating profit margin improved by 0.7% year-on-year to 3.5%.

Net sales in the general human resources services segment was up 5.4% year-on-year.

Revenue in the manufacturing and production human resources services segment during the period was up 2.4% year-on-year. Revenue in the engineering human resources services segment was up 28.4% year-on-year.

Revenue in the administrative human resources services during the period under review increased 4.7% year-on-year.

The other human resources services segment is classified as human resources dispatching for senior employees and light work contracting for employees with disabilities. Revenue in this segment was up 10.1% year-on-year.

Looking ahead, the company forecasted revenue of JPY 106.00 billion (USD 695.2 million) for the year ended 31 March 2025.

Nisso Holdings shares closed on 6 February 2025 at JPY 777.00 (USD 5.10), up 1.44% on the day and 12.70% below its 52-week high of JPY 890.00 (USD 5.84), set on 13 March 2024. The company has a market cap of JPY 26.06 billion (USD 170.9 million).