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Japan – Strong international growth from acquisitions boosts en japan’s results

21 May 2015

Japanese staffing firm en japan (4849: JP) reported revenue of JPY 19.6 billion (USD 162.2 million) for the financial year ending 31 March 2015, an increase of 17.1% compared with JPY 16.8 million (USD 138.5 million) the previous year. 

  2014 2013 Change
Revenue JPY 19,623 million JPY 16,755 million +17.1%
USD 162.2 million USD 138.5 million
Gross Profit JPY 17,693 million JPY 14,834 million +19.3%
USD 146.3 million USD 122.6 million
Net Income JPY 2,531 million JPY 2,789 million -9.2%
USD 20.9 million USD 23.1 million

The company reports revenue under two primary business segments: Recruitment Solutions and Education & Evaluation. Revenue during the financial year 2014 was broken down as follows:

  2014 2013 Change
Recruitment JPY 18,942 million JPY 16,153 million +17.1%
USD 156.6 million USD 133.5 million
Education & Evaluation JPY 704 million JPY 602 million +16.9%
USD 5.8 million USD 5.0 million

In addition to the company’s Japanese businesses; through its subsidiaries en japan also operates in Singapore, China, Hong Kong, Australia, Korea, Thailand, Vietnam, and India. A geographical breakdown of revenue during the year was as follows: 

  2014 2013 Change
Japan JPY 17,782 million JPY 15,917 million +11.7%
USD 147.0 million USD 131.6 million
Asia Pacific JPY 1,842 million JPY 838 million +119.8%
USD 15.2 million USD 6.9 million

The company’s strong international revenue growth stems from acquisitions. In November 2013, the company acquired Thailand-based The Capstone Group Recruitment and Consulting and in June 2014 it bought New Era India Consultancy