Japan-based staffing firm and job board Dip Corp (2379: JP) reported revenue today for the first quarter ended 31 May 2023 of JPY 14.02 billion (USD 101.1 million), an increase of 13.6% compared to the same period last year.

The group said revenue increased due to the steady expansion of the personnel recruiting services business and the high growth of the digital transformation business.

Revenue in the personnel recruiting services business was up by 12.2%.

Revenue in the digital transformation business rose by 29.0%. During the quarter, the business saw an increase in sales of its products within the segment, including Interview KOBOT, which automatically schedules interviews with job applicants, HR KOBOT, which supports dispatch companies’ sales activities with automated sales list creation services, and corporate recruiting page KOBOT, which creates client recruiting pages featuring Baitoru’s (part-time worker job information site) unique functions, such as workplace introduction videos.

Looking ahead, the group forecasted revenue of JPY 56.30 billion (USD 405.9 million) for the year ended 29 February 2024.

Dip Corp shares closed at JPY 3,735.00 (USD 26.94), up 2.75% on the day and 13.70% above the 52 week low of JPY 3,285.00 (USD 23.70) set on 20 March 2023. The company has a market cap of JPY 218.61 billion (USD 1.57 billion).