Japan – Hito Communications sees revenue increase by 8%

Filed under: News |

By memberservices@staffingindustry.com (Danny Romero)

Japanese human resources provider Hito Communications (3654: JP) reported revenue on Friday for the first quarter ending 30 November 2016 of JPY 7.65 billion (USD 66.9 million), an increase of 7.9% compared with JPY 7.09 billion (USD 60.0 million) during the same period a year ago.

Q1 2016
USD
Q1 2015
Change
Revenue
JPY 7.65 billion
66.9 million
JPY 7.09 billion
7.9%
Operating Income
JPY 791 million
6.9 million
JPY 929 million
(14.9%)
Net Income
JPY 476 million
4.1 million
JPY 552 million
(13.7%)

Hito Communications offers temporary staffing, business recruitment and outsourcing, business sales promotion, outsources sales support, and employee training outsourcing services, as well as recruitment services for individual users in distribution and service sectors.

The company also forecasted revenue for the year ending August 2017 of JPY 30.27 billion (USD 264.8 million).

In trading Friday, Hito Communications shares closed at 1,740 (USD 15.22), up 6.03% on the day. Based on its current share price the company has a market value of JPY 28.6 billion (USD 250.3 million).

Source:: Staffing Industry Analysts Daily Newsfeed

      

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