Japan – JAC Recruitment full year revenue and profits climb

Japanese staffing firm JAC Recruitment (2124: TYO) reported revenue for the full year ended 31 December 2019 of JPY 24.17 billion (USD 220.0 million), an increase of 4.8% compared to last year.

(JPY millions) FY 2018 FY 2018 Change FY 2018 (USD millions)
Revenue 24,170 23,064 4.8% 220.0
Operating Profit 6,087 5,531 10.1% 55.4
Net Income 4,354 3,908 11.4% 39.6

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.

During the year, JAC Recruitment said its results for the first half exceeded both sales and profit forecasts, but growth in the second half had slowed.

Earlier this month JAC Recruitment said it concluded the acquisition of 100% shares of VantagePoint K.K., the Japanese subsidiary of VantagePoint Asia Limited.

Looking ahead the company forecasted revenue of JPY 26.17 billion (USD 238.2 million) for the year ended December 2020.

JAC Recruitment set a new 52-week low during today’s trading session when it reached JPY 1,618.00 (USD 14.73). Over this period, the share price is down -32.37%. The company last traded at JPY 1,634 (USD 14.88), down 0.97% on the day. Based on its current share price the company has a market value of JPY 68.13 billion (USD 620.2 million).

Source: Staffing Industry Analysis | Visit: Japan – JAC Recruitment full year revenue and profits climb