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Japan – J-Com Holdings increases H1 profits

07 January 2013

The Japanese staffing firm J-Com Holdings (2462:TYO) today reported that group revenue in the first half of the year ended 30 November 2012 was Y8.11 billion (€70.3 million), down -7% from Y8.73 billion (€75.8 million) a year ago.

Pre-tax profit in the period increased by +9% to Y554.00 million (€4.8 million) from Y509.00 million (€4.4 million). Net profit was also up +27% to Y368.00 million (€3.2 million), compared to Y290.00 million (€2.95 million) at the same time in 2011.

The staffing firm expects full-year revenue for the year ended 31 May 2013 of Y19.50 billion (€169.2 million) and net profit of Y720.00 million (€6.2 million).

The company’s share price today rose by +2.3% to Y708, down -0.8% from a year ago and -8.7% below its 52-week high of Y775.00 seen in April 2012. The firm has a market value of Y6.79 billion (€58.9 million).

J-Com has two business segments and provides general personnel and multimedia services. Its staffing business includes the provision of temporary staff, outsourcing, employment placement services as well as career and education support offered through a recruitment website. 

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