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View All NewsGakujo Q1 revenue up 32% as profits improve
Japanese recruitment firm Gakujo Co. (2301: JP) reported revenue today for the first quarter ended 31 January 2024 of JPY 1.48 billion (USD 10.1 million), an increase of 32.1% compared with last year.
| (JPY millions) | Q1 2024 | Q1 2023 | Change | Q1 2024 (USD millions) |
| Revenue | 1,481 | 1,121 | 32.1% | 10.1 |
| Gross Profit | 900 | 667 | 35.1% | 6.1 |
| Gross Margin | 60.7% | 59.4% | - | - |
| Operating Income | -57 | -118 | - | -0.4 |
| Net Income | 68 | -40 | - | 0.4 |
Gakujo provides human resources and recruitment services in Japan. It is involved in college campus recruiting, mid-career recruitment, and business recruitment activities. The company also provides staffing services for small and medium-sized venture companies.
The group reported an increase in revenue in its employment information business.
Looking ahead the company forecasted revenue of JPY 10.00 billion (USD 68.2 million) for the full year ended 31 October 2024.
Shares in Gakujo closed at JPY 1,746.00 (USD 11.91), down 3.00% on the day and 21.17% above the 52 week low of JPY 1,441.00 (USD 9.83) set on 14 March 2023. The company has a market cap of JPY 28.01 billion (USD 191.03 million).