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Japan – Strong growth in healthcare staffing boosts JAC Recruitment’s results

30 October 2014

Japanese staffing firm JAC Recruitment (2124: JP) reported revenue during the nine months to 30 September 2014 of JPY 6.9 billion (USD 63.8 million), an increase of +29.2% compared with JPY 5.4 billion (USD 49.9 million) during the same period last year.

Operating profit for the period rose by +37.7% to JPY 2.1 billion (USD 19.4 million), up from JPY 1.5 billion (USD 13.9 million) in 2013. Net income rose by +39.9% to JPY 1.3 billion (USD 12 million), compared with JPY 904 million (USD 8.4 million) a year ago.

By business segment, JAC Recruitment reported revenue of:

Business Segment Revenue (JYP)* Revenue (USD)* Year-on-year change
Electrical, Machinery, Chemical industry 2.3 billion 21.3 million +27.5%
Consumer Goods & Services Industry 1.6 billion 14.8 million +15.5%
Medical & Healthcare 1.4 billion 12.9 million +53.2%
Finance industry 636 million 5.9 million +22%
IT & Communications industry 632 million 5.8 million -1.1%
Other 29 million 268,000 -17.1%
JAC International 270 million 2.5 million +3.8%
Total 6.9 billion 63.8 million +29.2%

*Figures rounded

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

In trading today, the company’s share price closed unchanged JPY 1,811 (USD 16.74), an increase of +63.1% compared with a year ago. Based on its current share price, the company has a market value of JPY 37.4 billion (USD 345.6 million).