(Appendix)
Results for the First Quarter
of the Fiscal Year Ending May 31, 2023
FY2022 (June 1, 2022 - May 31, 2023)
Three months ended August 31, 2022
Pasona Group Inc.
Prime Market TSE (2168)
October 14, 2022
www.pasonagroup.co.jp/English
※ Units in billions of yen have been rounded to the nearest first decimal place. Units in millions of yen have been rounded down.
Consolidated Results
（Millions of yen） | 3M FY21 | (%) | 3M FY22 | (%) | Increase |
/Decrease | |||||
+139 | |||||
Net sales | 91,927 | 100.0 | 92,066 | 100.0 | |
+0.2% | |||||
(414) | |||||
Cost of sales | 70,207 | 76.4 | 69,793 | 75.8 | |
(0.6)% | |||||
+553 | |||||
Gross profit | 21,720 | 23.6 | 22,273 | 24.2 | |
+2.5% | |||||
SG＆A | +2,922 | ||||
16,020 | 17.4 | 18,943 | 20.6 | ||
expenses | |||||
+18.2% | |||||
Operating | (2,369) | ||||
5,700 | 6.2 | 3,330 | 3.6 | ||
income | |||||
(41.6)% | |||||
Ordinary | (2,175) | ||||
5,786 | 6.3 | 3,610 | 3.9 | ||
income | |||||
(37.6)% | |||||
Profit attributable | 2,481 | 1,293 | (1,188) | ||
to owners of | 2.7 | 1.4 | |||
parent | (47.9)% | ||||
Gross profit ratio | 23.6% | 24.2% | +0.6pt | ||
Operating income ratio | 6.2% | 3.6% | (2.6)pt |
Net Sales Operating Income
(Billions of yen)
YoY | |||
+0.2% | (41.6)% | ||
91.9 92.1 | |||
5.70 | |||
3.33 | |||
3M | 3M | 3M | 3M |
FY21 | FY22 | FY21 | FY22 |
1
Operating Income
Gross profit | SG＆A Expenses | ||||||||||||||||||||
Operating | +0.55 [22.27] | +2.92 [18.94] | |||||||||||||||||||
Income | Increase in | ||||||||||||||||||||
Personnel | |||||||||||||||||||||
Increase in gross profit | Recruitment | IT related | |||||||||||||||||||
net sales | ratio | expenses | |||||||||||||||||||
5.70 | +0.03 | +0.52 | +0.91 | fee | expenses | Rent | |||||||||||||||
+0.16 | |||||||||||||||||||||
+0.34 | others | ||||||||||||||||||||
+0.68 | |||||||||||||||||||||
+0.83 | |||||||||||||||||||||
3M FY21
FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | |
Gross Profit ratio | 19.3% | 20.3% | 20.0% | 20.2% | 21.5% | 22.8% | 23.6% | 24.8% | 24.5% |
SG&A ratio | 17.7% | 18.7% | 18.6% | 18.6% | 19.4% | 20.0% | 20.3% | 18.8% | 18.5% |
Operating Income | 1.5% | 1.5% | 1.5% | 1.6% | 2.1% | 2.9% | 3.3% | 6.0% | 6.0% |
ratio | |||||||||
(Billions of yen)
3.33
YoY
(41.6)%
3M FY22
3M FY21 | 3M FY22 |
23.6% | 24.2% |
17.4% | 20.6% |
6.2% | 3.6% |
Major Item of Increase/Decrease
- Gross profit ：Consolidated gross profit increased ¥550 million and the gross profit margin
was 24.2% (+0.6pt) due to sales growth in the outsourcing business, which has a high gross profit margin.
- SG&A expenses ：With the completion of the BPO project, personnel expenses will be transferred from cost to SG&A expenses. Increased costs due to outsourcing business expansion (M&A)
and advertising expenses such as large-scale promotions. Double rent costs | |
incurred due to relocation to Aoyama, Tokyo. | 2 |
Non-operating/Extraordinary income (loss), Others
（Millions of yen） | 3M FY21 | 3M FY22 | Increase/ | YoY | |
Decrease | |||||
Operating income | 5,700 | 3,330 | (2,369) | (41.6)% | |
Non-operating | 372 | 577 | +205 | +55.1% | |
income | |||||
Non-operating | 286 | 297 | +11 | +3.9% | |
expenses | |||||
Ordinary income | 5,786 | 3,610 | (2,175) | (37.6)% | |
Extraordinary | 27 | 217 | +190 | +696.5% | |
income | |||||
Extraordinary | 13 | 9 | (4) | (33.4)% | |
loss | |||||
Income before | 5,799 | 3,819 | (1,980) | (34.2)% | |
income taxes | |||||
Income taxes | 1,472 | 1,162 | (310) | (21.1)% | |
- current | |||||
Income taxes | 863 | 360 | (503) | (58.3)% | |
- deferred | |||||
Income taxes | 2,336 | 1,522 | (813) | (34.8)% | |
Profit attributable to | 981 | 1,002 | +21 | +2.2% | |
non-controlling | |||||
interests | |||||
Profit attributable to | 2,481 | 1,293 | (1,188) | (47.9)% | |
owners of parent | |||||
Profit attributable to owners of parent
(Millions of yen)
YoY
(47.9)%
2,481
1,293
3M | 3M |
FY21 | FY22 |
Major Item of Increase/Decrease
- Extraordinary loss
Gain on change in equity
（Equity change due to listing of Circlace Inc）
3
Consolidated Results by Segment
Net sales | ||||||
Segment | 3M FY21 | 3M FY22 | Increase/ | YoY | ||
Decrease | ||||||
① | Expert Services | 40,650 | 37,837 | (2,812) | (6.9)% | |
(Temporary Staffing) | ||||||
② | BPO Services | 34,202 | 33,817 | (384) | (1.1)% | |
(Contracting) | ||||||
③ | HR Consulting , | 1,926 | 2,021 | +95 | +4.9% | |
Education & Training , | ||||||
Others. | ||||||
④ | Global Sourcing | 2,056 | 2,395 | +339 | +16.5% | |
(Overseas) | ||||||
Subtotal | 78,835 | 76,071 | (2,763) | (3.5)% | ||
⑤ | Career Solutions | 3,610 | 3,434 | (176) | (4.9)% | |
(Placement/ Recruiting, | ||||||
Outplacement) | ||||||
⑥ | Outsourcing | 8,513 | 10,583 | +2,070 | +24.3% | |
⑦ | Life Solutions | 1,708 | 1,963 | +254 | +14.9% | |
⑧ | Regional Revitalization | 763 | 1,529 | +765 | +100.2% | |
Solutions | ||||||
⑨ | Eliminations and Corporate | (1,504) | (1,515) | (11) | - | |
Total | 91,927 | 92,066 | +139 | +0.2% | ||
(Millions of yen) | |||||||
Operating income (loss) | Operating income ratio | ||||||
3M FY21 | 3M FY22 | Increase/ | YoY | 3M FY21 | 3M FY22 | Increase/ | |
Decrease | Decrease | ||||||
5,021 | 3,398 | (1,623) | (32.3)% | 6.5% | 4.6% | (1.9)pt |
57 | 108 | +51 | +89.0% | 2.8% | 4.5% | +1.7pt | ||
5,079 | 3,506 | (1,572) | (31.0)% | 6.4% | 4.6% | (1.8)pt | ||
1,134 | 919 | (215) | (19.0)% | 31.4% | 26.8% | (4.6)pt | ||
2,843 | 2,897 | +53 | +1.9% | 33.4% | 27.4% | (6.0)pt | ||
14 | 55 | +41 | +297.0% | 0.8% | 2.8% | +2.0pt | ||
(702) | (667) | +35 | - | - | - | - | ||
(2,668) | (3,381) | (712) | - | - | - | - | ||
5,700 | 3,330 | (2,369) | (41.6)% | 6.2% | 3.6% | (2.6)pt | 4 | |
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