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View All NewsJapan – Benext-Yumeshin first quarter revenue rises 6.7% on back of continued growth in demand for engineers
Japanese technical staffing firm BeNext-Yumeshin (2154: JP), reported revenue today of JPY 38.99 billion (USD 263.9 million) for the first quarter ended 30 September 2022, an increase of 6.7% compared with the previous year.
The increase in sales and profits was attributed to the continued growth in demand for engineers and the utilisation rate.
| (JPY millions) | Q1 2023 | Q1 2022 | Change | Q1 2023 (USD millions) |
| Revenue | 38,993 | 36,554 | 6.7% | 263.9 |
| Gross Profit | 9,243 | 8,316 | 11.1% | 62.5 |
| Gross Margin | 23.7% | 22.7% | - | - |
| Operating Profit | 3,337 | 2,611 | 27.8% | 22.6 |
| Net Income | 2,122 | 1,548 | 42.9% | 14.3 |
The entire engineering segment includes the machinery, electronics and IT software sub-segment which reported a 12.9% year-on-year increase and the construction sub-segment also reported an increase of 5.8%. The subtotal for the engineering segment was an increase of 10.4%.
The manufacturing segment reported an increase of 14.2%. Overseas was up 6.4%.
Looking ahead, the group forecasted revenue of JPY 164.0 billion (USD 1.11 billion) for the year ended 30 June 2023.
Shares in BeNext-Yumeshin Group closed at JPY 1,860.00 (USD 12.59), down 2.26% on the day and 3.23% below its 52-week high of JPY 1,922.00 (USD 13.01), set on 2 November 2022. The company has a market cap of JPY 173.31 billion (USD 1.17 billion).