(Appendix)
Results for the First Quarter
of the Fiscal Year Ending May 31, 2024
FY2023 (June 1, 2023 - May 31, 2024)
Three months ended August 31, 2023
Pasona Group Inc.
Prime Market TSE (2168)
October 13, 2023
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）
Net sales
Cost of sales
Gross profit
SG＆A
expenses
Operating profit
Ordinary profit
Profit attributable to
owners of parent
Gross profit ratio
Operating profit ratio
3M FY22 | 3M FY23 | Increase |
/Decrease | ||
(%) | (%) | |
92,066 | 89,881 | (2,185) |
100.0 | 100.0 | (2.4)% |
69,793 | 68,655 | (1,137) |
75.8 | 76.4 | (1.6)% |
22,273 | 21,226 | (1,047) |
24.2 | 23.6 | (4.7)% |
18,943 | 18,997 | +54 |
20.6 | 21.1 | +0.3% |
3,330 | 2,228 | (1,101) |
3.6 | 2.5 | (33.1)% |
3,610 | 2,197 | (1,413) |
3.9 | 2.4 | (39.2)% |
1,293 | 187 | (1,106) |
1.4 | 0.2 | (85.5)% |
24.2% | 23.6% | (0.6)pt |
3.6% | 2.5% | (1.1)pt |
Net Sales
YoY (2.4)%
92.1 89.9
3M FY22 | 3M FY23 |
Operating Profit
(Billions of yen)
(33.1)%
3.33
2.23
3M FY22 | 3M FY23 |
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Operating Profit
Operating | Gross profit | SG＆A Expenses |
Profit | (1.05) [21.23] | +0.05 [19.00] |
Decrease in | Decrease in | (Billions of yen) | |||||
net sales | |||||||
3.33 | gross profit | ||||||
(0.53) | |||||||
ratio | Personnel | ||||||
(0.52) | |||||||
expenses | others | ||||||
IT related | Rent | ||||||
+0.65 | (0.24) | 2.23 | |||||
expenses | (0.50) |
+0.14
YoY
(33.1)%
3M FY22
FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | |
Gross Profit ratio | 20.3% | 20.0% | 20.2% | 21.5% | 22.8% | 23.6% | 24.8% | 24.5% | 24.6% |
SG&A ratio | 18.7% | 18.6% | 18.6% | 19.4% | 20.0% | 20.3% | 18.8% | 18.5% | 20.7% |
Operating Profit ratio | 1.5% | 1.5% | 1.6% | 2.1% | 2.9% | 3.3% | 6.0% | 6.0% | 3.9% |
3M FY23
3M FY22 | 3M FY23 |
24.2% | 23.6% |
20.6% | 21.1% |
3.6% | 2.5% |
Major Item of Increase/Decrease
-
Gross profit ：Decrease in the dispatch of medical professionals with high gross profit margins as a result of the convergence of the COVID-19 infection.
Consolidated gross profit ¥(1.05) billion, gross profit margin ratio 23.6% ((0.6) pt year-on-year). - SG&A expenses ：Increased costs of personnel expenses mainly due to business growth in BPO services, while the double rent associated with the office relocation to 「PASONA SQUARE」 at Minami Aoyama, Tokyo implemented in the same period of the previous fiscal year was eliminated.
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Non-operating/Extraordinary profit (loss), Others
（Millions of yen） | 3M FY22 | 3M FY23 | Increase/ | YoY | |
Decrease | |||||
Operating profit | 3,330 | 2,228 | (1,101) | (33.1)% | |
Non-operating | 577 | 125 | (451) | (78.2)% | |
profit | |||||
Non-operating | 297 | 157 | (139) | (47.0)% | |
expenses | |||||
Ordinary profit | 3,610 | 2,197 | (1,413) | (39.2)% | |
Extraordinary | 217 | 3 | (214) | (98.5)% | |
profit | |||||
Extraordinary | 9 | 40 | +31 | +347.1% | |
loss | |||||
Profit before | 3,819 | 2,159 | (1,659) | (43.4)% | |
income taxes | |||||
Income taxes | 1,162 | 1,073 | (89) | (7.7)% | |
- current | |||||
Income taxes | 360 | 58 | (301) | (83.7)% | |
- deferred | |||||
Income taxes | 1,522 | 1,131 | (390) | (25.7)% | |
Profit attributable to | 1,002 | 840 | (161) | (16.2)% | |
non-controlling | |||||
interests | |||||
Profit attributable to | 1,293 | 187 | (1,106) | (85.5)% | |
owners of parent | |||||
Profit attributable | ||
Ordinary profit | ||
to owners of parent | ||
(Billions of yen)
YoY
(39.2)% | (85.5)% |
3.61 | 1.29 | |
2.20 | ||
0.19 | ||
3M FY22 | 3M FY23 | 3M FY22 3M FY23 |
Major Item of Increase/Decrease
- Non-operatingprofit / expenses
・FY22（Previous fiscal year） Subsidy / ¥ 287 million
・FY22（Previous fiscal year） Real estate rent / ¥ 146 million Rent expenses on real estates / ¥ 118 million
（Decreased in sublease income and expenses mainly due to relocation from Nippon Building）
- Extraordinary profit
・FY22（Previous fiscal year） Gain on change in equity
/ ¥ 211 million
(listing of circlace Inc on April 12, 2022)
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Consolidated Results by Segment
Net sales | |||||||
Segment | 3M FY22 | 3M FY23 | Increase/ | YoY | |||
Decrease | |||||||
① | Expert Services | 37,837 | 34,551 | (3,285) | (8.7)% | ||
(Temporary Staffing) | |||||||
② | BPO Services | 33,817 | 35,840 | +2,023 | +6.0% | ||
(Contracting) | |||||||
③ | HR Consulting , | 2,021 | 2,183 | +162 | +8.0% | ||
Education & Training , | |||||||
Others. | |||||||
④ | Global Sourcing | 2,395 | 2,545 | +150 | +6.3% | ||
(Overseas) | |||||||
Subtotal | 76,071 | 75,122 | (949) | (1.2)% | |||
⑤ | Career Solutions | 3,434 | 3,341 | (92) | (2.7)% | ||
(Placement/ Recruiting, | |||||||
Outplacement) | |||||||
⑥ | Outsourcing | 10,583 | 9,571 | (1,011) | (9.6)% | ||
⑦ | Life Solutions | 1,963 | 1,923 | (39) | (2.0)% | ||
⑧ | Regional Revitalization | 1,529 | 1,526 | (2) | (0.2)% | ||
Solutions | |||||||
⑨ | Eliminations and Corporate | (1,515) | (1,604) | (88) | - | ||
Total | 92,066 | 89,881 | (2,185) | (2.4)% |
Operating profit (loss)
3M FY22 | 3M FY23 | Increase/ | YoY |
Decrease | |||
3,398 | 3,050 | (347) | (10.2)% |
108 | 49 | (58) | (54.2)% |
3,506 | 3,100 | (405) | (11.6)% |
919 | 1,025 | +105 | +11.5% |
2,897 | 1,934 | (963) | (33.2)% |
55 | (5) | (61) | - |
(667) | (648) | +18 | - |
(3,381) | (3,177) | +203 | - |
3,330 | 2,228 | (1,101) | (33.1)% |
(Millions of yen)
Operating profit ratio
3M FY22 | 3M FY23 | Increase/ |
Decrease | ||
4.6% | 4.2% | (0.4)pt |
4.5% | 2.0% | (2.5)pt |
4.6% | 4.1% | (0.5)pt |
26.8% | 30.7% | +3.9pt |
27.4% | 20.2% | (7.2)pt |
2.8% | - | - |
- | - | - |
- | - | - |
3.6% | 2.5% | (1.1)pt |
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