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View All NewsJapan – Altech first quarter revenue up 8% as profits show improvement
Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue today for the first quarter ended 31 March 2022 of JPY 10.08 billion (USD 78.5 million), an increase of 8.0% when compared to the same period last year.
| (JPY millions) | Q1 2022 | Q1 2021 | Change | Q1 2022 (USD millions) |
| Revenue | 10,089 | 9,346 | 8.0% | 78.5 |
| Gross Profit | 2,463 | 2,167 | 13.6% | 19.1 |
| Gross Margin | 24.4% | 23.1% | - | - |
| Operating Profit | 1,177 | 960 | 22.5% | 9.1 |
| Net Income | 800 | 799 | 0.1% | 6.2 |
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, Altech forecasts revenue of JPY 42.50 billion (USD 365.12 million) for the full year ended 31 December 2022.
Shares in Altech Corp closed at JPY 1,866.00 (USD 14.51), down 2.61% on the day and 8.61% above its 52-week low of JPY 1,718.00 (USD 13.38), set on 27 January 2022. The company has a market cap of JPY 41.21 billion (USD 320.85 million).