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Japan – Quick Co achieves strong H1 growth

31 October 2014

Japanese recruitment firm Quick Co Ltd (4318: JP) reported revenue growth of +15.5% to JPY 5.8 billion (USD 53.2 million) for the six months ending 30 September 2014, up from JPY 5 billion (USD 45.8 million) last year.

Operating profit for the period was JPY 1.1 billion (USD 10.1 million), an increase of +25.6% from JPY 906 million (USD 8.3 million) during the same period last year. Net income rose by +31.5% to JPY 779 million (USD 7.1 million), up from JPY 592 million (USD 5.4 million) a year ago.

Revenue from HR services increased by +22.4% to JPY 3.5 billion (USD 32.1 million), up from JPY 2.8 billion (USD 25.7 million) a year ago. Operating income rose by +33.4% to JPY 1.2 billion (USD 11 million) year-on-year.  

Quick Co’s HR services business provides temporary and permanent staffing, in addition to outsourcing services and personnel consulting services.

In addition to HR services, Quick Co also provides internet solutions services, which reported revenue growth of +9.6% to JPY 1.1 billion (USD 10.1 million); and publishing services, which grew by +0.4% to JPY 794.5 million (USD 7.3 million). The company has operations in Japan, the US, and China. 

In trading today, the company’s share price closed up by +3.9% at JPY 1,043 (USD 9.56), an increase of +137.3% from a year ago. Based on its current share price, the company has a market value of JPY 19.9 billion (USD 182.5 million).