Daily News
View All NewsDip Corp nine-month revenue rises 9.6% as profits climb
Japanese staffing firm and job board Dip Corp. (2379: JP) reported revenue for the nine-month period ended 30 November 2023 of JPY 40.25 billion (USD 276.8 million), up 9.6% over the year.
| (JPY millions) | 9 months 2023 | 9 months 2022 | Change | 9 months 2023 (USD millions) |
| Revenue | 40,255 | 36,718 | 9.6% | 276.8 |
| Gross Profit | 35,915 | 32,793 | 9.5% | 247.0 |
| Gross Margin | 89.2% | 89.3% | - | - |
| Operating Profit | 9,818 | 9,491 | 3.4% | 67.5 |
| Net Income | 6,830 | 6,253 | 9.2% | 46.9 |
The company is primarily involved in the provision of job information and employment agency business through the internet.
During the period, revenue in the personnel recruiting services business saw steady progress, rising 7.9% over the year. Revenue in the digital transformation business increased by 25.8% year on year.
Looking ahead the company forecasted revenue of JPY 53.20 billion (USD 365.9 million) for the year ended 29 February 2024.
Dip Corp shares closed at JPY 3,235.00 (USD 22.25), up 1.09% on the day and 12.91% above the 52-week low of JPY 2,865.00 (USD 19.71) set on 24 October 2023. The company has a market cap of JPY 192.45 billion (USD 1.32 billion).