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View All NewsJapan – Altech Corp full year revenue edges up 8.3% while profits lift
Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue for the full year ended 31 December 2018 of JPY 32.78 billion (USD 298.4 million), an increase of 8.3% when compared to the same period last year.
| (JPY millions) | FY 2018 | FY 2017 | Change | FY 2018 (USD millions) |
| Revenue | 32,781 | 30,260 | 8.3% | 298.4 |
| Operating Profit | 3,586 | 3,238 | 10.7% | 32.6 |
| Net Income | 2,667 | 2,367 | 12.7% | 24.2 |
Altech Corporation, together with its subsidiaries, provides professional staffing services in the technical sector, primarily in Japan. The company also provides total staffing solutions for the healthcare sector and operates and manages private residential homes with nursing care.
Looking ahead, the company forecasts revenue of JPY 32.47 billion (USD 295.6 million) for the year ended December 2019.
In trading today Altech Corp shares closed at JPY 1,813.00 (USD 16.51), up 0.55% on the day and 11.36% above the 52 week low of JPY 1,628.00 (USD 14.82) set on 4 January 2019. Based on its current share price the company has a market value of JPY 40.56 billion (USD 369.2 million).