Japanese staffing firm and job board Dip Corp. (2379: JP) reported revenue today for the fourth quarter ended 29 February 2024 of JPY 13.52 billion (USD 88.2 million), an increase of 16.4% compared to the same period the prior year.

The company applied a new revenue recognition standard from the Fiscal Year 2023. Revenue for Q4 2022 was restated below under the new standard.

The group’s digital transformation business saw revenue rise by 23.5% while the personnel recruiting services business increased by 5.2%.

Dip Corp also announced revenue of JPY 53.78 billion (USD 350.80 million) for the year ended 29 February 2024, up 9.0% over the prior year.

The company also announced that it recently appointed Mayuko Ueno to the newly established position of chief philosophy officer (CPO). The role of CPO helps organizations make ethical decisions including day-to-day operations, management of staff and the actual business' core operation . Ueno is also general manager, philosophy promotion division, general affairs headquarters of the company.

Dip Corp also appointed Takatomo Suzuki as corporate officer, CIO (chief information officer) and CTO (chief technology officer).

Looking ahead the company forecasted revenue of JPY 57.60 billion (USD 375.7 million) for the year ended 28 February 2025.

Dip Corp shares closed at JPY 2,679.00 (USD 17.48), up 1.09% on the day and 9.57% above its 52-week low of 2,445.00 (USD 15.95), set on 18 January 2024. The company has a market cap of JPY 159.37 billion (USD 1.04 billion).