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View All NewsJapan – Creek and River revenue up 6.2% as profits show improvement
Japanese staffing firm Creek & River (4763: JP) reported revenue yesterday for the first nine months ended 30 November 2022 of JPY 33.22 billion (USD 258.7 million), an increase of 6.2% compared to the same period last year.
| (JPY millions) | 9 months 2022 | 9 months 2021 | Change | 9 months 2022 (USD millions) |
| Revenue | 33,224 | 31,276 | 6.2% | 258.7 |
| Gross Profit | 13,040 | 11,821 | 10.3% | 101.5 |
| Gross Margin | 39.2% | 37.8% | - | - |
| Operating Profit | 3,320 | 3,011 | 10.3% | 25.8 |
| Net Profit | 2,382 | 1,978 | 20.4% | 18.5 |
Creek & River, founded in 1990, provides business agency, production, outsourcing, and consulting services in Japan, China, and Korea. It offers temporary staffing (dispatching) and employment placement services for the creative sector, mainly for film/TV, game programming, and advertising industries. The company also provides medical staffing services.
Looking ahead the company forecasted revenue of JPY 44.00 billion (USD 342.62 million) for the year ended 28 February 2023.
Creek & River shares closed yesterday at JPY 2,004 (USD 15.60), up 1.8% on the day. The company has a market cap of JPY 45.09 billion (USD 351.10 million).