Yumeshin Holdings Co.,Ltd. reported consolidated earnings and production results for the second quarter and first half ended March 31, 2020. For the first half, sales were JPY 30,264 million compared to JPY 24,510 million a year ago. Operating income was JPY 3,378 million compared to JPY 2,644 million a year ago. Net income was JPY 1,622 million compared to JPY 1,719 million a year ago. Basic earnings per share was JPY 21.38 and diluted earnings per share was JPY 21.24 against JPY 22.67 and JPY 22.38, respectively for the same period last year.

For the quarter, sales were JPY 15,180 million compared to JPY 12,687 million a year ago. Operating profit was JPY 1,853 million compared to JPY 1,404 million a year ago. Net income was JPY 893 million compared to JPY 866 million a year ago.

For the first half of 2020, the company reported no. of technicians (average) was 6,036 against 5,481 a year ago. Utilization rate was 93.6% against 93.0% a year ago. Average hours per day was 9.60 against 9.65 a year ago. Average hourly wage was JPY 3,064 against JPY 2,977 a year ago.

For the second quarter of 2020, the company reported no. of technicians (average) was 5,967 against 5,599 a year ago. Utilization rate was 93.8% against 92.8% a year ago. Average hours per day was 9.63 against 9.69 a year ago. Average hourly wage was JPY 3,100 against JPY 2,979 a year ago.

For the fiscal year ending September 2020, the consolidated company revised sales guidance to JPY 58.0 billion - JPY 60.0 billion compared to previous forecast of JPY 63.0 billion, operating profit of JPY 5.8 billion - JPY 6.6 billion compared to previous forecast of JPY 8.0 billion, net income of JPY 3.7 billion- JPY 4.2 billion compared to previous forecast of JPY 5.4 billion, basic EPS of JPY 48.65 - JPY 55.22 compared to previous forecast of JPY 70.59.

The company announced the consolidated subsidiary, P3OPLE4U Inc., which provides engineer temporary staffing and other services in the Philippines, lost customers due to lockdowns in the Philippines caused by the expansion of the new coronavirus (COVID-19) infectious disease, resulting in an extremely severe business environment. As a result of reviewing the profit and loss outlook and examining the possibility of future recovery, the company recorded an impairment loss (extraordinary loss) of JPY 419 million due to the impairment on goodwill for the second quarter of 2020.