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Operating profit up 8% YoY for PERSOL Group

PERSOL Group has released its results for the year-ended March 2018.


Sales during the consolidated fiscal year under review were JPY 722,183m (up 22.0% year-on-year (YOY)), operating profit was JPY 36,068m (up 8.0% YOY), ordinary profit was JPY 35,108m (up 2.8% YOY), and current net profit attributable to the parent company was JPY 7,769m (down 56.4% YOY).


PERSOL Group itself also experienced robust demand for talent from client companies. Business results grew steadily; an outcome of the core temporary staffing business experiencing high levels of temp worker deployments as well as the placement business enjoying substantial growth in the number of successfully placed candidates.


The company changed its trading name to "PERSOL HOLDINGS" in July 2017. In addition, the trading names of major core subsidiaries were sequentially altered by using "PERSOL" as a prefix for each company name. The "PERSOL" branding is one endeavour to further spread and lift awareness of this Group.


Moreover, with a view to future growth in the HR services market in the Asia Pacific region, PERSOL acquired 100% of the fully issued shares of Programmed Maintenance Services Limited ("Programmed Ltd") and Programmed Ltd became a fully-owned PERSOL subsidiary in October 2017. The largest market in the APAC region (excluding Japan) is Australia, and with the acquisition of Programmed Ltd shares and its solid business platform, PERSOL becomes the largest HR services company (by scale) in the APAC region.


Efforts are being made to develop some PERSOL subsidiaries in the APAC region under the "PERSOLKELLY" brand. Also, progress is being made in endeavours to utilise the "an" brand to develop the job advertising business that targets the casual/part time work sector. Progress has not been made as was initially anticipated so and impairment loss (goodwill) will be booked during this consolidated fiscal year. In future, business strategy will be re-formulated to align with the business environments in each market. Also, the aim is for moves to be made to optimise the operational structures of each business so there is a switchover to businesses with a disposition to delivering steady profits.


In the consolidated fiscal year under review, sales in the temporary staffing/BPO segment amounted to JPY 481,071m (up 9.2% year-on-year (YOY)), and operating profit increased to JPY 22,122m (up 6.6% YOY).


In the consolidated fiscal year under review, sales in the recruiting segment amounted to JPY 72,841m (up 10.1% year-on-year (YOY)), and operating profit was JPY 10,810m (up 15.5% YOY).


In the consolidated fiscal year under review, sales in the PROGRAMMED segment amounted to JPY 54,512m, and operating losses were JPY 507m.


IN PERSONKELLY, sales amounted to JPY 65,774m (up 77.3% YOY), and operating losses were JPY 190m (operating loss in the same period last year was JPY 868m).


In the consolidated fiscal year under review, sales in the ITO segment amounted to JPY 28,988m (up 8.8% YOY), and operating profit was JPY 2,263m (up 8.0% YOY).


In the consolidated fiscal year under review, sales in the engineering segment amounted to JPY 27,795m (up 4.2% YOY), and operating profit was JPY 2,365m (up 19.5% YOY).


It is anticipated that results for the consolidated fiscal year ending March 2019 will be: Sales JPY 940,000m, operating profit JPPY 42,500m, and ordinary profit JPY 41,500m, and current net profit attributable to the parent company of JPY 21,800m.


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