Will : Financial Results for the First Half of the Fiscal Year Ending March 31, 2022
December 23, 2021 at 12:27 am EST
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Financial Results for the First Half of the Fiscal Year Ending March 31, 2022
November 24, 2021
WILL GROUP, INC. (Tokyo Stock Exchange, First Section / Stock code: 6089)
Contents
Ⅰ . 1H FY3/22 Highlights
Ⅱ. FY3/22 Earnings and Dividend Forecasts
Ⅲ. Medium-term management plan (WILL-being 2023) progress
Regarding the accounting method for reportable business segments, we had previously adopted a method of reflecting certain adjustments under Japanese GAAP. After re-examining segment information to be reviewed regularly, the Group decided to align the accounting method with the accounting policies of the Group from the beginning of the first quarter of the fiscal year ending March 31, 2022. Accordingly, reportable segment information for the previous corresponding quarter has been restated.
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Ⅰ . 1H FY3/22 Highlights
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1H FY3/22 Highlights
The full-year forecasts have been revised upward again to factor in
1 the better-than expected first half results. The dividend forecast has also been revised upward.
2 "WORK SHIFT Strategy," the key approach of the Medium-Term Management Plan, progressed as planned.
The ratio of equity attributable to owners of parent to total assets
3 exceeded the Medium-term Management Plan target of 20%.
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1H FY3/22 Financial Highlights
(Billions of yen)
Revenue
Gross margin
Operating profit
1H FY3/22
Vs. 1H FY3/21
Vs. FY3/22 Forecast*
63.91 ＋9.9％（＋5.73） ＋0.7％（＋0.41）
22.0% ＋1.5pt ＋0.6pt
2.68 ＋20.9％（＋0.46） ＋34.3％（＋0.68）
The Overseas WORK Business was the main source of revenue growth as the demand for people to perform various jobs remained strong.
Operating profit increased because higher gross profit in the Perm (permanent placement) domain, the result of promotion of the Perm SHIFT. Earnings one year earlier were raised by one-time income of ¥700 million and FY3/22 1H earnings were affected by up-front investments of ¥500 million in the key Domestic WORK Business (the construction management engineer, care support and startup company HR support domains).
→"WORK SHIFT Strategy," the key approach of the Medium-Term Management Plan, progressed as planned.
*Forecast as of Aug. 6, 2021
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Will Group Inc. published this content on 23 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2021 05:26:04 UTC.
WILL GROUP, INC. is engaged in the human resource business focusing on temporary staffing, business contracting and recruitment business. Its Sales Outsourcing segment involves in the hybrid dispatch, general dispatch, and business contracting business, providing staff engaged in products sales, staff management, collection and report of sales information. Its Call Center Outsourcing segment involves in hybrid dispatch and general dispatch business, providing staff engaged in information providing and delivery, after services and claim handling to communication company. Its Factory Outsourcing segment involves in staff dispatch to companies in food, electrical equipment industries, among others. The Nursing Care Support segment provides nursing staff to companies operating nursing care facilities to provide stable operation of nursing care facilities. The Overseas HR segment develops human resources service business. Others segment involves in the general staff dispatch, among others.
WILL GROUP, INC. 
