Shares in Tokyo-listed Honyaku Center hold steady following modest growth in Q1 of fiscal year ending March 2023. Core translation business stays strong, interpretation starts to recover.
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.”
Translation and interpreting demand at Japan’s largest LSP, Honyaku Center, now approaching pre-Covid figures. Slow recovery of in-person activities continues to impact sales.
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.
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.
Interpreting provider LanguageLine Solutions enjoys “robust growth”; while Japan’s largest LSP, Honyaku, forecasts better-than-expected results for first half.
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.
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.
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.
Honyaku Center reports decline in all sectors of core Translation Business, except for Patents. Banks on “active use” of machine translation to grow.
On the back of a 16.9% growth YOY of its core Translation Business, Honyaku Center posts USD 78.68m in revenues for the first 9 months of its 2019 fiscal year.
Who's up, who's down? Listed Language Service Providers continue to do well in 2018 even though the upward trend has slowed somewhat compared to the previous two to three years.
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