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Japan – Altech full year revenue up 11.2% as profits show improvement

10 February 2023

Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue yesterday for the full year ended 31 December 2022 of JPY 43.64 billion (USD 340.2 million), an increase of 11.2% when compared to the same period last year.

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 said it worked on sales measures such as maintaining high occupancy rates, improving contract unit prices, and promoting team dispatch. The group’s headcount and contract unit price increased.

Looking ahead the company forecasted revenue of JPY 46.6 billion (USD 353.7 million) for the year ended 31 December 2023.

Shares in Altech closed yesterday at JPY 2,131 (USD 16.27), up 1.04% on the day. The company has a market cap of JPY 47.17 billion (USD 360.19 million).