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View All NewsJapan – Altech Corp. full year revenue rises 9.8%, profits jump
Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue for the full year ended 31 December 2021 of JPY 39.26 billion (USD 340.2 million), an increase of 9.8% when compared to the same period last year.
| (JPY millions) | FY 2021 | FY 2020 | Change | FY 2021 (USD millions) |
| Revenue | 39,261 | 35,753 | 9.8% | 340.2 |
| Gross Profit | 8,939 | 8,464 | 5.6% | 77.4 |
| Gross Margin | 22.7% | 23.6% | - | - |
| Operating Profit | 3,875 | 3,640 | 6.5% | 33.5 |
| Net Income | 3,095 | 3,057 | 1.2% | 26.8 |
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.
Revenue in the outsourcing service business was up by 8.1%. Global business revenue increased by 67.8%.
Looking ahead the company forecasted revenue of JPY 42.50 billion (USD 368.33 million) for the full year ended 31 December 2022.
Shares in Altech Corporation closed at JPY 1,871.00 (USD 16.22), up 1.30% on the day and 8.91% above its 52-week low of JPY 1,718.00 (USD 14.89), set on 27 January 2022. The company has a market cap of JPY 45.71 billion (USD 396.15 million).