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View All NewsJapan – Altech reports revenue hike of 8.7%
Japanese technical staffing firm Altech Corp. (4641:JP) reported revenue today for the nine months ended 30 September 2021 of JPY 28.24 billion (USD 247.8 million), an increase of 8.7% when compared to the same period last year.
| (JPY millions) | 9 months 2020 | 9 months 2020 | Change | 9 months 2021 (USD millions) |
| Revenue | 28,243 | 25,976 | 8.7 | 247.8 |
| Gross Profit | 6,205 | 6,104 | 1.6% | 54.4 |
| Gross Margin | 21.9% | 23.5% | ||
| Operating Profit | 2,532 | 2,592 | -2.3% | 22.2 |
| Net Income | 2,274 | 2,218 | 2.5% | 19.9 |
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 that while Covid-19 continued to have an impact on the business, staff and hours worked increased during the period.
Looking ahead the company forecasted revenue of JPY 40.0 billion (USD 350.9 million) for the year ended 31 December 2021.
Shares in Altech closed at JPY 2,075.00 (USD 18.21), up 0.24% on the day and 10.90% above the 52 week low of JPY 1,871.00 (USD 16.42) set on 20 August 2021. The company has a market cap of JPY 51.23 billion (USD 449.49 million).