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View All NewsInterworks Confidence full year revenue boosted by acquisitions
Interworks Confidence (7374: TYO), a Japanese HR solutions and staffing firm, reported revenue for the full year period ended 31 March 2024 of JPY 7.48 billion (USD 48.0 million), an increase of 44.1% when compared to prior-year period.
Interworks merged with Confidence in May 2023.
| (JPY millions) | FY 2023 | FY 2022 | Change | FY 2023 (USD millions) |
| Revenue | 7,488 | 5,197 | 44.1% | 48.0 |
| Gross profit | 3,493 | 1,841 | 89.7% | 22.4 |
| Gross margin | 46.6% | 35.4% | - | |
| Operating income | 1,195 | 933 | 28.0% | 7.6 |
| Net income | 725 | 617 | 17.4% | 4.6 |
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 9.00 billion for the year ended 31 March 2025.
Interworks Confidence shares closed at JPY 1,600.00 (USD 10.27), up 0.57% on the day and 14.04% above the 52-week low of JPY 1,403.00 (USD 9.01) set on 24 October 2023. The company has a market cap of JPY 10.59 billion (USD 67.9 million).