Japan – Outsourcing full year revenue and profits rise

Japan-based staffing firm Outsourcing Inc. (2427: JP) reported revenue today for the full year ending 31 December 2019 of JPY 361.2 billion (USD 3.28 billion), an increase of 16.0% when compared to the previous year.

(JPY millions) FY 2019 FY 2018 Change FY 2019 (USD millions)
Revenue       361,249       311,311 16.0% 3,289.4
Operating Income         15,501         14,591 6.2% 141.1
Profit Before Tax 13,478 12,555 7.4%  122.7 
Profit for the Year            9,095            8,302 9.5% 82.8
Profit attributable to owners of the company            8,336            7,480 11.4% 75.9

Outsourcing Inc. provides outsourcing services in electronics, cars and other areas. It also provides temporary staffing services, known in Japan as worker dispatch.

The company forecasted revenue of JPY 420 billion (USD 3.82 billion) for the year ended 31 December 2020.

On Friday, Outsourcing shares closed at JPY 967.00 (USD 8.81), down 1.93% on the day and 5.80% above its 52-week low of JPY 914.00 (USD 8.32), set on 29 August 2019. Based on its current share price the company has a market value of JPY 124.03 billion (USD 1.12 billion).

Source: Staffing Industry Analysis | Visit: Japan – Outsourcing full year revenue and profits rise

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