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View All NewsInterworks Confidence 9-month revenue rises 39.3%
Interworks Confidence (7374: TYO), a Japanese HR solutions and staffing firm, reported revenue for the nine-month period ended 31 December 2023 of JPY 5.37 billion (USD 36.1 million), an increase of 39.3% when compared to prior-year period.
Interworks merged with Confidence in May 2023.
| (JPY millions) | 9-months 2023 | 9-months 2022 | Change | 9-months 2023 |
| Revenue | 5,377 | 3,861 | 39.3% | 36.1 |
| Gross Profit | 2,422 | 1,364 | 77.6% | 16.2 |
| Gross Margin | 45.0% | 35.3% | - | |
| Operating Profit | 895 | 742 | 20.7% | 6.0 |
| Net Profit | 547 | 503 | 8.7% | 3.6 |
In September, Interworks Confidence announced it invested in Indigames Co., Ltd., which focuses on the gaming business.
More recently in January, the company announced the acquisition of Protagonist Co., Ltd., a company that provides Web3.0 industry human resources services, client support.
Looking ahead the company forecasted revenue of JPY 8.00 billion (USD 53.68 million) for the year ended 31 March 2024.
Interworks Confidence shares on Friday closed at JPY 1,598.00 (USD 10.72), up 0.50% on the day and 13.90% above the 52 week low of JPY 1,403.00 (USD 9.41) set on 4 October 2023. The company has a market cap of JPY 10.61 billion (USD 71.2 million).