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View All NewsJapan – Altech Corp. revenue increases 2.5%
Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue for the nine months ended 30 September 2020 of JPY 25.97 billion (USD 246.8 million), an increase of 2.5% when compared to the same period last year.
| (JPY millions) | 9 months 2020 | 9 months 2019 | Change | 9 months 2020 (USD millions) |
| Revenue | 25,976 | 25,352 | 2.5% | 246.8 |
| Operating Profit | 2,592 | 2,736 | -5.3% | 24.6 |
| Net Income | 2,218 | 2,025 | 9.5% | 21.0 |
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.
Looking ahead the company forecasted revenue of JPY 38.32 billion (USD 364.14 million) for the year ended 31 December 2020.
Shares in Altech Corp closed at JPY 2,055.00 (USD 19.53), 5.39% below its 52-week high of JPY 2,172.00 (USD 20.64), set on 12 February, 2020. The company has a market cap of JPY 49.32 billion (USD 468.68 million).