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Japan – Hirayama Holdings full year revenue soars

10 September 2019

Japan-based Hirayama Holdings (7781:JP), a company mainly engaged in outsourcing and technology staffing, reported revenue yesterday for the full year ended 30 June 2019 of JPY 20.8 billion (USD 194.2 million), an increase of 53.3% compared to the previous year.

(JPY millions) FY 2019 FY 2018 Change FY 2019 (USD millions)
Revenue 20,841 13,593 53.3% 194.2
Operating Income 202 214 -5.7% 1.8
Net Income 364 348 4.8% 3.3

The company is mainly engaged in outsourcing and technology staffing.  or you could say has 2 elements to its business …..

During the period Hirayama announced that it merged its dispatching unit Fun to Fun with the unit’s holding company NCI 1 Co., Ltd.

Looking ahead, the company forecasted revenue of JPY 24 billion for the year ended June 2020.

In trading yesterday Hirayama Holdings shares closed at JPY 1,260 (USD 11.74), up 1.7% on the day. Based on its current share price the company has a market value of JPY 4.06 billion (USD 37.8 million).

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