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View All NewsDip Corp H1 revenue rises 11.4% with improvement in profits
Japanese staffing firm and job board Dip Corp. (2379: JP) reported revenue today for the first six months ended 31 August 2023 of JPY 26.54 billion (USD 178.3 million), an increase of 11.4% compared to the same period last year.
| (JPY millions) | H1 2023 | H1 2022 | Change | H1 2023 (USD millions) |
| Revenue | 26,545 | 23,819 | 11.4% | 178.3 |
| Gross Profit | 23,673 | 21,225 | 11.5% | 159.0 |
| Gross Margin | 89.1% | 89.1% | - | - |
| Operating Profit | 6,232 | 5,783 | 7.8% | 41.8 |
| Net Income | 4,366 | 3,692 | 18.3% | 29.3 |
Revenue in the job advertising business was up 10.1%. Revenue in the recruitment service business rose by 4.0%. Revenue in digital transformation rose by 27.2% while revenue in other services fell by 9.7%.
Looking ahead the company forecasted revenue of JPY 56.30 billion (USD 378.2 million) for the year ended 29 February 2024.
Dip Corp shares closed at JPY 3,520.00 (USD 23.65), down 1.40% on the day and 10.00% above its 52-week low of JPY 3,200.00 (USD 21.50), set on 18 August 2023. The company has a market cap of JPY 212.59 billion (USD 1.42 billion).