Pasona Group Inc. Reports Consolidated Earnings Results for the First Half Ended November 30, 2017; Provides Earnings Guidance for the Year Ending May 31, 2018
January 11, 2018
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Pasona Group Inc. reported consolidated earnings results for the first half ended November 30, 2017. Net sales were JPY 150,619,000 compared to JPY 136,867,000 a year ago. Operating income was JPY 2,618,000 compared to JPY 794,000 a year ago. Ordinary income was JPY 2,634,000 compared to JPY 759,000 a year ago. Income before income taxes was JPY 3,053,000 compared to JPY 724,000 a year ago. Profit attributable to owners of parent was JPY 470,000 or JPY 12.78 per share compared to loss of JPY 816,000 or JPY 22.18 per share a year ago. Net cash from operating activities was JPY 457,000 compared to cash used in operating activities of JPY 515,000 a year ago. Purchase of property, plant and equipment was JPY 5,501,000 compared to JPY 685,000 a year ago. Purchase of intangible assets was JPY 1,056,000 compared to JPY 562,000 a year ago.
For the year ending May 31, 2018, the company expects net sales of JPY 323,300, operating income of JPY 5,650, ordinary income of JPY 5,600, profit attributable to owners of parent of JPY 1,000, and net income per shares of JPY 27.17.
Pasona Group Inc. is primarily engaged in temporary staffing services. The Company mainly operates through three business segments. The human & resources (HR) solution business includes experts service (staffing), insourcing (outsourcing / contracting), HR consulting, education and training, other global sourcing (overseas talent service), career solutions (staffing, reemployment support), as well as outsourcing service. The life solutions business is engaged in nurseries, nursing care services, housekeeping substitution projects, among others. The public solutions business is engaged in social welfare-related projects, including regional creation projects and projects related to job creation for persons with disabilities.
Pasona Group Inc. Reports Consolidated Earnings Results for the First Half Ended November 30, 2017; Provides Earnings Guidance for the Year Ending May 31, 2018