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TO OUR SHAREHOLDERS AND INVESTORS,
THE THIRD QUARTER OF THE FISCAL YEAR ENDING MARCH 2022

Shunichiro Ninomiya, President, Honyaku Center Inc.

Shunichiro Ninomiya, President
Honyaku Center Inc.

For the third quarter of the fiscal year ending March 2022, the Honyaku Center Group (Group) posted net sales of 7,530 million yen, up 6.1% on a year-on-year basis, as the Translation Business, which is the core business, stayed on a recovery track and performed well, and the Interpretation Business and the Language Education Business recorded results that exceeded the same period of the previous year. In terms of profit, the Group experienced a significant increase in profit, posting operating income of 521 million yen, up 318.0%; ordinary income of 535 million yen, up 230.7%; and net income attributable to the parent company’s shareholders of 357 million yen (net loss attributable to the parent company’s shareholders of 115 million yen for the same period of the previous year) due to higher revenue in the Translation Business and an improved gross profit ratio as a result of an increase in productivity.

Financial forecast for the fiscal year ending March 2022

For the financial forecast for the fiscal year ending March 2022, the Group expects net sales of 10,350 million yen, up 4.4% on a year-on-year basis; operating income of 750 million yen, up 79.3% on a year-on-year basis; ordinary income of 750 million yen, up 61.2% on a year-on-year basis; and net income attributable to the parent company’s shareholders of 500 million yen, up 324.8% on a year-on-year basis.

Current business environment

The business activities of customer companies were normalized as remote work has taken hold, and demand remains strong in the Translation Business. In addition, while the voluntary restraint and restrictions on holding face-to-face meetings, events, and negotiations have been prolonged and the Convention Business continues to be in a difficult situation, the use of online interpretation services is gradually increasing in the Interpretation Business, with demand on a recovery trend. The Group will address changes in the business environment as well as customer needs in a prompt and flexible manner and strive to achieve sustainable growth under any circumstance.


February 2022
Shunichiro Ninomiya, President

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