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View All NewsJapan – Fullcast first-quarter revenue climbs 41% as profits rise
Japan-based staffing firm Fullcast Holdings (4848: JP) reported revenue today of JPY 15.27 billion (USD 118.0 million) for the first quarter ended 31 March 2022, a 41.2% increase compared to last year.
| (JPY millions) | Q1 2022 | Q1 2021 | Change | Q1 2021 (USD millions) |
| Revenue | 15,271 | 10,815 | 41.2% | 118.0 |
| Gross Profit | 5,207 | 3,995 | 30.3% | 40.2 |
| Gross Margin | 34.1% | 36.9% | - | - |
| Operating Profit | 2,448 | 1,567 | 56.2% | 18.9 |
| Net Income | 1,727 | 1,052 | 64.1% | 13.3 |
Fullcast provides short-term human resources placement, payroll service outsourcing and long-term human resources dispatching. In the short-term operational support business, the company supports the following sectors: distribution, warehouse work, relocation, manufacturing, catering, sales promotion, call centres, and offices.
Revenue growth was mainly due to the growth of the short-term business support operations, which saw revenue climb by 49.6%. The group also said it was able to continue to acquire government projects related to Covid-19 vaccination support.
Looking ahead, the company forecasted revenue of JPY 54.73 billion (USD 423.10 million) for the year ended 31 December 2022.
Shares in Fullcast Holdings closed at JPY 2,128 (USD 16.45), up 1.9% on the day. The company has a market cap of JPY 79.77 billion (USD 616.64 million).