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Japan – En-Japan full year revenue up 24.1%

12 May 2023

Japan-based recruitment and job information provider En-Japan Inc (4849:TYO) reported revenue today of JPY 67.71 billion (USD 502.6 million) for the full year ended 31 March 2023, a 24.1% increase compared to last year.

(JPY millions) FY 2022 FY 2021 Change FY 2022 (USD millions)
Revenue 67,716 54,544 24.1% 502.6
Gross Profit 51,463 43,043 19.5% 381.9
Gross Margin 75.9% 78.9% - -
Operating Profit 4,490 9,633 -53.4% 33.3
Net Income 2,813 6,628 -57.6% 20.8

Revenue in the HR platform increased 41% over the year. Domestic job site revenue increased 13.2% year on year. Domestic recruitment revenue increased 3.8% year on year. The overseas business saw revenue increase by 47.9% over the year.

Looking ahead the company forecasted revenue of JPY 73.0 billion (USD 541.8 million) for the year ended 31 March 2024.

En-Japan shares closed yesterday at JPY 2,438 (USD 18.09), up 1.7% on the day. The company has a market cap of JPY 118.37 billion (USD 878.5 million).