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View All NewsJTec nine-month revenue ticks up 2.9%
Japanese staffing company JTec Corp. (2479: JP) reported revenue today for the nine-month period ended 31 December 2023 of JPY 2.45 billion (USD 16.6 million), an increase of 2.9% compared with last year.
| (JPY millions) | 9 months 2023 | 9 months 2022 | Change | 9 months 2023 (USD millions) |
| Revenue | 2,454 | 2,384 | 2.9% | 16.6 |
| Gross profit | 784 | 706 | 10.9% | 5.3 |
| Gross margin | 31.9% | 29.6% | - | 1,322 |
| Operating profit | 162 | 139 | 16.4% | 1.1 |
| Net Income | 103 | 110 | -6.2% | 0.6 |
JTec Corp offers outsourcing for technical personnel especially in technology, providing mechanical, electronic, and software engineering technicians. JTec also offers electric and electronic design, and software development on a contract basis.
Revenue in the general dispatch and engineer dispatch business increased by 21.8%. Revenue in the technical intellectual property leasing business was up 3.2%
Looking ahead the company forecasted revenue of JPY 3.75 billion (USD 25.3 million) for the year ended 31 March 2024.
JTec Corp (2479:TYO) shares today closed at JPY 279.00 (USD 1.89), down 7.31% on the day and 26.82% above the 52 week low of JPY 220.00 (USD 1.49) set on 1 November 2023. The company has a market cap of JPY 2.58 billion (USD 17.4 million).