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View All NewsJaic revenue rises 19% for nine-month period but EBITDA down
Jaic (7073: TYO), a Japan-based professional services firm primarily engaged in education-integrated recruitment services, reported revenue today for the first nine months ended 31 October 2023 of JPY 2.73 billion (USD 19.3 million), an increase of 19.1% over the previous year.
| (JPY millions) | 9 months 2023 | 9 months 2022 | Change | 9 months 2023 (USD millions) |
| Revenue | 2,734 | 2,296 | 19.1% | 19.3 |
| Gross Profit | 2,483 | 2,169 | 20.2% | 17.5 |
| Gross Margin | 90.8% | 94.4% | - | - |
| EBITDA | 134 | 181 | -25.5% | 0.9 |
| Operating Income | 19 | 118 | -83.7% | 0.1 |
| Net Income | -17 | 60 | N/A | -0.1 |
The Japan-based company is primarily engaged in education-integrated recruitment services. The college business provides education-integrated human resource introduction services and educational opportunities for SMEs with less than 300 employees. The company is also engaged in the provision of a wide range of detailed education and training services.
The college business saw revenue fall by 0.6% compared to the same period in the prior year. The new graduate business saw a 73.4% revenue increase compared to the same period of the previous year. The educational training business and others segment saw a 2.6% year-on-year increase.
Looking ahead the company forecasted revenue of JPY 3.69 billion (USD 26.0 million) for the year ended 31 January 2024.
Jaic Co set a new 52-week low during today's trading session when it reached JPY 1,753.00 (USD 12.37). Over this period, the share price is down 35.81%. Shares closed at JPY 1,753.00 (USD 12.37), down 5.75% on the day. The company has a market cap of JPY 1.73 billion (USD 12.20 million).