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View All NewsJapan – Altech Corp revenue rises 13.7%, while profits report uptick
Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue today for the nine months ended 30 September 2022 of JPY 32.10 billion (USD 219.2 million), an increase of 13.7% when compared to the same period last year.
| (JPY millions) | 9 months 2022 | 9 months 2021 | Change | 9 months 2022 (USD millions) |
| Revenue | 32,105 | 28,243 | 13.7% | 219.2 |
| Gross Profit | 7,565 | 6,205 | 21.9% | 51.6 |
| Gross Margin | 23.6% | 21.9% | 1.7 | |
| Operating Profit | 3,514 | 2,532 | 38.8% | 23.9 |
| Net Income | 2,402 | 2,274 | 5.6% | 16.4 |
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.
The group’s Outsourcing service business reported an increase in revenue. The Global business also reported a year-on-year increase.
Looking ahead the group forecasted revenue of JPY 42.50 billion (USD 290.19 million) for the year ended 31 December 2022.
Altech shares closed at JPY 1,967.00 (USD 13.43) , down 0.51% on the day and 7.44% below its 52-week high of JPY 2,125.00 (USD 14.51), set on 10 February 2022. The company has a market cap of JPY 42.99 billion (USD 293.54 million).