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Persol Holdings revenue up 22% for fiscal year; PersolKelly joint venture revenue jumps

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Persol Holdings Ltd. reported this week that revenue rose 22.0% for its fiscal year ended March 31, 2018. The Tokyo-based company operates a joint venture in Asia Pacific with Kelly Services Inc. (NASD: KELYA), and Persol has been investing in US businesses as well with acquisitions earlier this year.

The company posted revenue of ¥722.18 billion, or US$6.79 billion.

(¥millions) FY 2017 FY 2016 % change FY 2017 (US$millions) Revenue ¥722,183 ¥591,995 22.0% $6,796 Gross profit ¥167,438 ¥142,806 17.2% $1,576 Gross margin 23.2% 24.1%

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