Pasona Group Reports Quarterly Financial Downturn

Pasona Group (JP:2168) has released an update.

Pasona Group Inc. reported a decrease in net sales and profits for the three months ended August 31, 2024, compared to the previous year, with net sales down by 15.1% and profits attributable to owners falling significantly. The company’s total assets also saw a reduction from May to August 2024, but it maintained a stable equity ratio of 50%. Despite the downturn, the forecast for the fiscal year ending May 31, 2025, suggests a recovery with an expected profit of 1,300 million yen and basic earnings per share of 33.18 yen.

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