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TO OUR SHAREHOLDERS AND INVESTORS,
THE FIRST QUARTER OF THE FISCAL YEAR ENDING MARCH 2023

Shunichiro Ninomiya, President, Honyaku Center Inc.

Shunichiro Ninomiya, President
Honyaku Center Inc.

For the first quarter of the fiscal year ending March 2023, the Honyaku Center Group saw an increase in sales and a decrease in profit on a year-on-year basis. Net sales increased by 0.6% on a year-on-year basis to 2,480 million yen, as the Translation Business, which is the core business, performed well although the Temporary Staffing Business, which experienced an increase in temporary staff whose dispatch period expired, and the Convention Business, which has been affected by the spread of COVID-19, recorded results that fell below the same period of the previous year. In terms of profit, the Group posted operating income of 165 million yen, down 7.6% on a year-on-year basis; ordinary income of 168 million yen, down 2.9% on a year-on-year basis; and net income attributable to the parent company’s shareholders of 108 million yen, down 3.4% on a year-on-year basis due to the decreased sales in the Temporary Staffing Business and Convention Business.

Financial results forecasts for the fiscal year ending March 31, 2023

For the fiscal year ending March 31, 2023, the Group expects net sales of 11,100 million yen, up 7.3% on a year-on-year basis; an operating income of 910 million yen, up 12.1% on a year-on-year basis; an ordinary income of 920 million yen, up 9.3% on a year-on-year basis; and net income attributable to the parent company’s shareholders of 620 million yen, up 8.1% on a year-on-year basis.

The 5th Medium-Term Management Plan (FY2022 - FY2024)

The Honyaku Center Group has formulated its 5th Medium-Term Management Plan for the three years from the fiscal year ending March 31, 2023 to the fiscal year ending March 31, 2025. The Group will continue to work toward the management vision of being a “language concierge that connects all companies to the world,” and will aim to be a company that offers high added value and responds to the increasingly diversified and sophisticated needs of customers. The Group has set consolidated operating margin and return on equity (ROE) as management indicators and will achieve, in the mid- to long-term, an operating margin of 9% through increasing sales and profit and an ROE of 12% through the improvement of capital efficiency.


August 2022
Shunichiro Ninomiya, President

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