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View All NewsJapan – Altech Corp first quarter revenue rises
Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue today for the first quarter ended 31 March 2021 of JPY 9.34 billion (USD 83.5 million), an increase of 4.1% when compared to the same period last year.
| (JPY millions) | Q1 2021 | Q1 2020 | Change | Q1 2021 (USD millions) |
| Revenue | 9,346 | 8,978 | 4.1% | 83.5 |
| Gross Profit | 2,167 | 2,290 | -5.3% | 19.8 |
| Gross Margin | 23.1% | 25.5% | ||
| Operating Profit | 960 | 1,052 | -8.7% | 8.7 |
| Net Income | 799 | 613 | 30.2% | 7.3 |
Altech Corporation, together with its subsidiaries, provides professional staffing services in the technical sector, primarily in Japan. The company also provides total staffing solutions for the healthcare sector and operates and manages private residential homes with nursing care.
Altech ranked 24th on SIA’s list of Largest Staffing firms in Japan and Market Overview.
Looking ahead, Altech forecasts revenue of JPY 40.0 billion (USD 365.12 million) for the full year ended 31 December 2021.
Shares in Altech Corp (4641:TYO) closed at JPY 1,960.00 (USD 17.89), down 2.00% on the day and 13.36% above the 52 week low of JPY 1,729.00 (USD 15.78) set on 15 May 2020. The company has a market cap of JPY 49.49 billion (USD 451.74 million).