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View All NewsJapan – Creek & River full year revenue boosted by growth in all segments
Japanese staffing firm Creek & River (4763: JP) reported revenue last week for the full year ended 28 February 2022 of JPY 41.79 billion (USD 332.8 million), an increase of 12.0% compared to the same period last year.
| (JPY millions) | FY 2021 | FY 2020 | Change | FY 2021 (USD millions) |
| Revenue | 41,799 | 37,314 | 12.0% | 332.8 |
| Gross Profit | 15,406 | 13,338 | 15.5% | 122.6 |
| Gross Margin | 36.8% | 35.7% | - | - |
| Operating Profit | 3,411 | 2,447 | 39.4% | 27.1 |
| Net Profit | 2,224 | 1,647 | 35.0% | 17.7 |
Creek & River, founded in 1990, provides business agency, production, outsourcing, and consultation services in Japan, China, and Korea. It offers temporary staffing and employment placement services for the creative sector, mainly for film/TV, game programming, and advertising industries. The company also provides medical staffing services.
Revenue by segment
| (JPY millions) | FY 2021 | FY 2020 | Change | FY 2021 (USD millions) |
| Creative & Technical (Japan) | 29,486 | 26,067 | 13.1% | 234.7 |
| Creative & Technical (Korea) | 3,469 | 3,269 | 6.1% | 27.6 |
| Medical Staffing | 4,407 | 3,923 | 12.3% | 35.1 |
| Accounting and Legal | 2,117 | 1,993 | 6.2% | 16.8 |
| Others | 2,519 | 2,200 | 14.5% | 20.0 |
Looking ahead, the company forecasted revenue of JPY 44 billion (USD 350.22 million) for the year ended 28 February 2023
Shares in Creek & River closed last Thursday at JPY 1,986 (USD 15.81), up 0.66% on the day. The company has a market cap of JPY 45.26 billion (USD 360.26 million).