Japan’s largest LSP, Honyaku Center, posts more than 300% jump in profits for first three quarters of year ending March 2022; expects to close out year with USD 89m in revenues.
While the overall language industry put in an exceptionally strong year, investors in listed LSPs and companies operating LSP units were handed a decidedly mixed bag in 2021.
Japan’s largest LSP, Honyaku Center, starts to bounce back from Covid slump ahead of relaxed border controls starting June 1, 2022. Translation demand reported to be “generally firm.”
Honyaku Center, Japan’s largest LSP, continues to post improving numbers. Sales climb in all units but one as the country relaxes Covid measures for business travel and large events.
Japan’s largest LSP, Honyaku Center, reports overall sales increase in Q1 FY21 on back of core Translation business. Online push drives Interpretation; sales up in all but one unit.
Japan’s largest LSP, Honyaku Center, reports 14% revenue drop for 12 months to March 31, 2021; will onboard efficiency measures, upgrade tools to mitigate decline in Translation and Interpretation units.
Sales in Honyaku Center’s core translation business continue to decline, down 9.5% to USD 50m for 9 months to December 2020, but pharma orders up 2.4% to USD 20m. FY 2020 forecast upgraded to USD 91m.
2020 brought extreme pressure on businesses and listed language service providers (LSPs) were no exception. Which LSPs fared better in 2020 and which suffered most amid Covid-19?
Interpreting provider LanguageLine Solutions enjoys “robust growth”; while Japan’s largest LSP, Honyaku, forecasts better-than-expected results for first half.
With earnings season for the first half of 2020 behind us, we take a look at how shares in listed language service providers performed year-to-date 2020.
Data annotation and life sciences drive Summa Linguae’s Q2 growth. Honyaku Center gets clobbered as interpreting business is wiped out. Lingo24 provides a gloomy forecast for 2020.
Having dropped sharply in April and May 2020, the Slator Job Index falls a third month in a row to June 2020, amid tentative signs that the pandemic’s impact may be easing.
Here’s what happened at some of the largest language service providers during months of lockdowns and disruptions.
Japan’s largest LSP, Honyaku Center, posted revenues of USD 107m in the 12 months ended March 31, 2020. Core translation business slid 4.6% as company describes outlook extremely uncertain.
As global markets tumble in the wake of coronavirus lockdowns, share performance in listed translation companies varies widely.
The Slator 2020 Language Service Provider Index ranks the world’s largest language service providers by revenue and features over 130 LSPs across the Leaders, Challengers, and Boutique categories.
Increase in revenues from patent translations fails make up for decline across all other sectors of core Translation Business.
Listed front runners Rozetta and Appen deliver major share price gains as half of all listed language service providers fall short of S&P 500 benchmark performance.
Honyaku Center reports decline in all sectors of core Translation Business, except for Patents. Banks on “active use” of machine translation to grow.
Shares in Japanese language service provider Honyaku Center plummet on declining Q1 2020 sales. Its largest unit, Translation, retreated across all sectors bar Patents.
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