World Holdings full year revenue improves 16.4%, profits up
World Holdings full year revenue improves 16.4%, profits up
Japanese outsourcing services company World Holdings (2429: JP) reported revenue on Friday for the full year ended 31 December 2023 of JPY 213.74 billion (USD 1.43 billion), an increase of 16.4% compared to the previous year.
| (JPY millions) | FY 2023 | FY 2022 | Change | FY 2023 (USD millions) |
| Revenue | 213,742 | 183,640 | 16.4% | 1,430.4 |
| Gross Profit | 37,619 | 31,687 | 18.7% | 251.7 |
| Gross Margin | 17.6% | 17.2% | - | |
| Operating Income | 10,365 | 8,929 | 16.1% | 69.3 |
| Profit attributable to owners of parent | 6,204 | 5,341 | 16.2% | 41.5 |
Revenue in the Product HR business saw a 14.3% increase over the year. The Service HR business increased by 29.1% over the prior year. The real estate business saw revenue rise by 12.8% over the prior year. At the same time, revenue in the information and communications business was down 8.2% compared to the previous year. In the agricultural park business revenue increased by 9.4%.
Looking ahead the company forecasted revenue of JPY 252.1 billion (USD 1.68 billion) for the year ended 31 December 2024.
World Holdings Co set a new 52-week high during today’s trading session when it reached JPY 3,130.00 (USD 20.95). Over this period, the share price is up 19.02%. The company’s shares last traded at JPY 3,085 (USD 20.65), up 1.31% on the day. The company has a market cap of JPY 53.77 billion (USD 359.89 million).