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Japanese recruiters look to rising profits

Japanese recruiters are anticipating increased profits although companies continue to remain cautious about their medium-term business outlook.

Japan's largest temp staffing firm Persol Holdings has announced its financial results for the six months ended September 30, and revised financial forecasts for Fiscal Year 2020, ending March 31, 2021. Net sales were JPY 465,755 million, with ordinary profit of JPY 15,339 million, down 24.9%.


The company noted in its statement that, while the Covid-19 pandemic had been expanding during the reporting period, regulations imposed had been loosened since around June, which began to work as the brakes on a worsening business climate: “However, many companies remained prudent in their business activities out of concerns about future outlook and the HR market was also affected as the ratio of active job openings to applicants in September 2020 in Japan was continuously down to 1.03 (seasonally adjusted).”

Tsukui Corporation has announced its half year results for the period ending March 31, 2021. Company representative Yasuhiro Takahashi said sales were up 3.2% to JPY 46,439 million and profits were up a healthy 25.5% at JPY 1,143 million. The company is predicting annual sales of JPY 94,367 million and profits of JPY 2,167 million.

At WDB Holdings, President Toshimitsu Nakano was able to announce sales up marginally at JPY 21,592 million with profits up 15.9% to JPY 1,648 million in its report for the second quarter, ending March 31, 2021. The company has forecast sales of JPY 42,800 million and profits of JPY 2,352 million.

Altech Corporation has reported a 9.5% rise in profits to JPY 2,218 million and a 2.5% increase in sales to JPY 25,976 million in results for the third quarter of its fiscal year, ending December 31. The specialist engineering and technical recruiter has set its year forecast at JPY 38,320 million for sales and JPY 2,910 million for profits.


Meanwhile, Fullcast Holdings announced their financial results for the third quarter, showing a fall in both sales and profits. President and CEO Kuzuki Sakamaki reported sales of JPY 31,914 million, down 2.5%, and profits of JPY 3,167 million, down 12.5%. For the full year, the company has forecast sales of JPY 41,600 million and profits of JPY 3,845 million.

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