Japan – JAC Recruitment reports uptick in revenue and profits

Japanese staffing firm JAC Recruitment (2124: TYO) reported revenue today for the nine months ended 30 September 2019 of JPY 18.89 billion (USD 172.7 million), an increase of 9.5% compared to last year.

(JPY millions) 9 mos. 2019 9 mos. 2018 Change 9 mos. 2019 (USD millions)
Revenue 18,893 17,246 9.6% 172.7
Operating Profit 5,103 4,549 12.2% 46.6
Net Income 3,632 3,199 13.5% 33.2

JAC Recruitment provides recruitment services to local enterprises and multinationals in Japan, the United Kingdom, and the rest of Asia.

The company provides skilled permanent employees ranging from assistant level personnel to executives and various specialists. It also offers Japanese speaking and multilingual specialists, as well as online job listing services.

Looking ahead the company forecasted revenue of JPY 24.22 billion (USD 221.2 million) for the year ended December 2019.

In trading today JAC Recruitment shares closed at JPY 2,041.00 (USD 18.66), down 0.05% on the day and 15.90% above the 52 week low of JPY 1,761.00 (USD 16.10) set on 4 January 2019. Based on its current share price the company has a market value of JPY 84.32 billion (USD 771.0 million).

Source: Staffing Industry Analysis | Apply: Japan – JAC Recruitment reports uptick in revenue and profits