Japanese technical staffing firm Open Up Group (2154: JP), previously known as BeNext-Yumeshin, reported revenue of JPY 126.66 billion (USD 813.3 million) for the nine-month period ended 31 March 2024, 13.3% higher than the year prior. The increase in revenue primarily reflected growth in the number of employees in the machinery, electronics and IT software segment and the construction segment as well as high utilisation rates overall. It was also attributable to increased revenue in the Overseas Segment due to the impact of foreign exchange rates, among other factors. On the profit front, gro ..read more

Indian staffing firm Quess Corp. (QUESS:NSI) reported revenue yesterday after the markets closed of INR 49.10 billion (USD 587.9 million) for the fourth quarter ended 31 March 2024, an increase of 10.5% when compared to the same period last year. Executive director and group CEO Guruprasad Srinivasan said, “We are delighted to announce our financial results with highest ever revenue and EBIDTA for FY24. Our focus on profitable growth and simplification of operations within platforms has resulted in non-linear increase in EBITDA and profit after tax.” Headcount was up 11% to 567,000. General St ..read more

Japan-based staffing firm Fullcast Holdings (4848: JP) reported revenue today of JPY 17.13 billion (USD 110.0 million) for the first quarter ended 31 March 2024, a 7.3% uptick compared to last year. Due to the transfer of all shares of BOD Co., Ltd., which provides services such as data entry and order management outsourcing and was a consolidated subsidiary of the company, on 29 March 2024, the group and its subsidiaries will have been excluded from the scope of consolidation. The group also announced it established the food and beverage business segment as a reporting segment which contribut ..read more

Japanese outsourcing services company World Holdings (2429: JP) reported revenue today for the first quarter ended 31 March 2024 of JPY 54.82 billion (USD 352.0 million), an increase of 25.4% compared to the previous year. (JPY millions) Q1 2024 Q1 2023 Change Q1 2024 (USD millions) Revenue 54,821 43,724 25.4% 352.0 Gross Profit 7,672 7,776 -1.3% 49.2 Gross Margin 13.9% 17.8% -  -  Operating Profit 636 1,934 -67.1% 4.1 Net Income -121 963 94.0% -0.7 World Holdings Co Ltd. provides outsourcing services in the manufacturing sector operating under the World Intec brand. Th ..read more

Interworks Confidence (7374: TYO), a Japanese HR solutions and staffing firm, reported revenue for the full year period ended 31 March 2024 of JPY 7.48 billion (USD 48.0 million), an increase of 44.1% when compared to prior-year period. Interworks merged with Confidence in May 2023. (JPY millions) FY 2023 FY 2022 Change FY 2023 (USD millions) Revenue 7,488 5,197 44.1% 48.0 Gross profit 3,493 1,841 89.7% 22.4 Gross margin 46.6% 35.4% -   Operating income 1,195 933 28.0% 7.6 Net income 725 617 17.4% 4.6 In September, Interworks Confidence announced it invested i ..read more

Japan-based recruitment and job information provider En-Japan Inc (4849:TYO) reported revenue today of JPY 67.66 billion (USD 433.9 million) for the full year ended 31 March 2023, a slight reduction of 0.1% from the prior year. The company saw a downturn in the overseas business sales due to the “impact of the external environment”.   (JPY millions) FY 2023 FY 2022 Change FY 2023 (USD millions) Revenue 67,661 67,716 -0.1% 433.9 Gross profit 53,955 51,463 4.8% 346.0 Gross margin 79.7% 75.9% - - Operating profit 5,161 4,249 21.4% 33.1 Net income 4,196 2,695 55.7% 26.9   T ..read more

Japan-based ZIGExN Co., Ltd., which is focused on human resources, reported revenue today of JPY 23.24 billion (USD 149.2 million) for the full year ended 31 March 2024, up 24.3% over the prior year. EBITDA stood at JPY 6.78 billion (USD 43.5 million), up 27.1% over the year. ZIGExN Group also reported Q4 revenue of JPY 6.32 billion (USD 40.5 million), up 13.2% over the year. EBITDA rose by 13.8% while operating income increased by 16.8%. The group said revenue and profit indicators have reached their highest levels ever in a quarter. Full year results (JPY millions) FY 2024 FY 2023 Change F ..read more

Nisso, a Japanese human resources firm providing staffing services, reported revenue yesterday of JPY 96.85 billion (USD 621.1 million) for the full year ended 31 March 2024. The company did not disclose prior year results in its report, however last year’s reports showed revenue of JPY 90.82 (USD 582.5 million), showing a revenue increase of 6.6% in FY 2023. Nisso Holdings was established on 2 October 2023 as the parent company of wholly-owned Nisso Corporation through a single share transfer. FY 2023 results (JPY millions) FY 2023 FY 2023 (USD millions) Revenue 96,858 621.1 Gross Profi ..read more

The Go2 People Ltd. (GO2:ASX), a Perth, Australia-based provider of recruitment and training services, reported revenue from ordinary activities fell by 71.6% to AUD 20.88 million (USD 13.73 million) for the year ended 30 June 2023. The company and its subsidiaries entered Voluntary Administration on 1 May 2023, and all cash was seized by the administrator. As of 30 June 2023, the company did not control any cash, and all its liabilities were also under control of the administrator. In its preliminary final report for the year ended 30 June 2023 published today, the group reported a loss from ..read more

Human Holdings Co. Ltd. (2415:JP), a human resource and employment services provider in Japan, lowered its full-year consolidated cumulative performance forecast for the fiscal year ending 15 May 2023. Revenue is forecasted to be JPY 95.89 billion (USD 617.2 million), down from the previously forecasted JPY 97.05 billion (USD 624.7 million). The company said sales are expected to be lower than the previously announced forecast. Despite the reduction in forecasted revenue, the group upgraded its operating income forecast to JPY 3.15 billion from the previously announced JPY 2.69 billion (USD 17 ..read more