First Quarter Losses for Pasona Group
Net sales were Y63,891m up almost 9% on the previous year . Operating income was also up around 9.5%, however, ordinary income of Y256m was down by 10% and mean that a loss of Y323 was attributable to the owners of the parent company.
In its HR Services division which includes temporary staffing, contracting, HR consulting, education & training and its overseas operations the company had sales of Y53,070m. Career Solutions accounted for Y4,032m and Outsourcing for Y5,971m. Eliminations and corporate costs resulted in losses of Y524m.
Looking ahead to the remainder of the year, president and group CEO, Yasuyuki Nambu says the company will generate net sales of ¥268,000m and produce profits of ¥750m.