Japanese recruitment firm Dip Corp (2379: JP) reported revenue for the three months ending 31 May 2014 of JPY 4.5 billion (USD 44.4 million), an increase of +45.9% compared with JPY 3.1 billion (USD 30.6 million) last year.

Operating profit for the period rose by a substantial +720.8% to JPY 895 million (USD 8.8 million), up from JPY 109 million (USD 1.1 million) a year ago. The company reported a net income for the quarter of JPY 478 million (USD 4.7 million), up from JPY 35 million (USD 345,079) last year.

The company operates Baitoru.com, a job sites for part-time job seekers and Hatarako for nurses and temporary workers. It also operates jobengine.jp, which offers recruiting information for people aiming to change their careers. The strong year-on-year growth is attributed by Dip Corp to a +67.3% increase in sales on the company’s Hatarako and Baitoru sites.

In trading today, the company’s share price increased by +2.6% to JPY 3,415 (USD 33.67), an increase of +585.4% compared with a year ago. Based on its current share price, the company has a market value of JPY 42.3 billion (USD 417.1 million).