Pasona Group Inc. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended May 31, 2016; Provides Consolidated Earnings Guidance for the First Half of Fiscal Year 2017 and Fiscal Year Ending May 31, 2017
July 14, 2016
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Pasona Group Inc. announced consolidated and non-consolidated earnings results for the year ended May 31, 2016. For the year, on consolidated basis, the company's net sales were ¥263,728 million compared with ¥226,227 million a year ago. Operating income was ¥3,860 million compared with ¥3,490 million a year ago. Ordinary income was ¥3,855 million compared with ¥3,343 million a year ago. Net income was ¥243 million or ¥6.62 per basic share compared with ¥214 million or ¥5.82 per basic share a year ago. Return on equity was 1.3% compared with 1.0% a year ago. Cash flows from operating activities were ¥482 million compared with ¥8,587 million a year ago. Income before income taxes was ¥3,861 million compared with ¥3,208 million a year ago. Purchase of property, plant and equipment was ¥1,165 million compared with ¥1,228 million a year ago. Purchase of intangible assets was ¥1,367 million compared with ¥1,520 million a year ago. Ordinary income to total assets is 4.5% compared to 3.8% a year ago.
For the year, on non-consolidated basis, the company's net sales were ¥7,383 million compared with ¥6,450 million a year ago. Operating income was ¥968 million compared with ¥735 million a year ago. Ordinary income was ¥735 million compared with ¥495 million a year ago. Net income was ¥578 million or ¥15.73 per basic share compared with ¥575 million or ¥15.60 per basic share a year ago.
For the first half of fiscal 2017, the company forecasts net sales of ¥136,800 million, operating income of ¥700 million, ordinary income of ¥600 million, and loss attributable to owners of parent of ¥700 million or ¥19.02 per share.
For the year ending May 31, 2017, the company forecasts net sales of ¥283,000 million, operating income of ¥4,300 million, ordinary income of ¥4,200 million, and profit attributable to owners of parent of ¥500 million or ¥13.59 per share.
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. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended May 31, 2016; Provides Consolidated Earnings Guidance for the First Half of Fiscal Year 2017 and Fiscal Year Ending May 31, 2017