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View All NewsFullcast third quarter revenue up 6.6%
Japan-based staffing firm Fullcast Holdings (4848: JP) reported revenue today of JPY 50.37 billion (USD 332.5 million) for the third quarter ended 30 September 2023, a 6.6% increase compared to last year.
| (JPY millions) | Q3 2023 | Q3 2022 | Change | Q3 2023 (USD millions) |
| Revenue | 50,373 | 47,259 | 6.6% | 332.5 |
| Gross Profit | 16,713 | 15,936 | 4.9% | 110.3 |
| Gross Margin | 33.2% | 33.7% | - | |
| Operating Profit | 6,613 | 7,467 | -11.4% | 43.6 |
| Net Income | 4,566 | 5,090 | -10.3% | 30.1 |
Fullcast provides short-term human resources placement, payroll service outsourcing, and long-term human resources dispatching. In the short-term operational support business, the company supports the following sectors: distribution, warehouse work, relocation, manufacturing, catering, sales promotion, call centres, and offices.
In June 2023, the company acquired the shares of restaurant chain Globeat Co Ltd including its subsidiary Glowbeat Holdings Co Ltd and Globeat Japan Co Ltd. Fullcast also announced it will acquire AppX Inc., based in Japan, in October. This is a printing company but its subsidiary, Impuri Co., Ltd., develops and operates job search apps.
Fullcasts shares closed at JPY 1,837 (USD 12.11), up 1.72 % on the day but 42.4% below its 52-week high of JPY 3,190 (USD 21.02), set on 29 November 2022. The company has a market cap of JPY 68.86 billion (USD 453.8 million).