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View All NewsJapan – Healthcare staffing firm SMS Co reports strong international growth
Japanese healthcare staffing provider SMS Co Ltd (2175: JP) reported revenue for the year ending 31 March 2015 of JPY 15.1 billion (USD 126.6 million), an increase of 25% compared with JPY 12 billion (USD 101.3 million) during the same period last year.
| FY 2015 | FY 2014 | Change | |
| Revenue | JPY 15,056.4 million | JPY 12,046.2 million | +25.0% |
| USD 126.6 million | USD 101.3 million | ||
| Gross Profit | JPY 13,723.7 million | JPY 11,093.5 million | +23.7% |
| USD 115.4 million | USD 93.3 million | ||
| Net Income | JPY 1,824.4 million | JPY 1,380.1 million | +32.2% |
| USD 15.3 million | USD 11.6 million |
The company operates a number of websites specialising in services for older people. The company also operates recruitment and job board websites for healthcare professionals specifically looking to work in older people services.
Broken down by business segment, the strongest year-on-year growth was reported in Active Older People’s Services, which increased markedly from a small base.
| Q1 2015 | Q1 2014 | Change | |
| Nursing Business | JPY 4,566.3 million | JPY 2,838.1 million | +60.9% |
| USD 38.4 million | USD 23.9 million | ||
| Medical Staffing | JPY 9,707.9 million | JPY 8,934.0 million | +8.7% |
| USD 81.6 million | USD 75.1 million | ||
| Active Older People’s Services | JPY 40.8 million | JPY 3.9 million | +942.8% |
| USD 0.3 million | USD 32,783 | ||
| Overseas Operations | JPY 741.4 million | JPY 270.3 million | +174.3% |
| USD 6.2 million | USD 2.3 million |
SMS Co’s overseas operations includes the provision of nursing and healthcare services, as well as services for active older people, throughout Asia Pacific.
In trading today, the company’s share price closed down 1.2% at JPY 1,458 (USD 12.26), an increase of 34.3% compared with a year ago. Based on its current share price, the company has a market value of JPY 61.1 billion (USD 513.4 million).