Jac Recruitment Co. Ltd. (2124:TYO) reported net sales rose 15.6% year over year in the first nine months ended 31 September. Business conditions improved in Japan even as the outlook in Europe, the US and China remained uncertain.

Jac Recruitment provides recruitment services to local enterprises and multinationals in Japan, the UK, and the rest of Asia. The company also announced the opening of its first office in Los Angeles.

Japanese companies focused on growth were highly motivated to hire employees, the company said. In addition, the jobs-to-applicants ratio remained robust during the quarter.

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Guidance

Jac Recruitment forecast full-year revenue will rise 13.7% to JPY 34.60 billion (USD 228 million).

Share price

Shares in Jac Recruitment Co. Ltd. (2124:TYO) closed down 1.28% on 13 November to JPY 2,394 (USD 15.80). Shares were 9.07% above their 52-week low. The company has a market capitalisation of JPY 105.92 billion (USD 698 million).