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View All NewsJapan – Fullcast first quarter revenue grows 4.5%
Japan-based staffing firm Fullcast Holdings (4848: JP) reported revenue today of JPY 15.96 billion (USD 118.4 million) for the first quarter ended 31 March 2023, a 4.5% increase compared to last year.
| (JPY millions) | Q1 2023 | Q1 2022 | Change | Q1 2022 (USD millions) |
| Revenue | 15,963 | 15,271 | 4.5% | 118.4 |
| Gross Profit | 5,207 | 5,207 | 30.3% | 38.6 |
| Gross Margin | 34.1% | 34.1% | - | - |
| Operating Profit | 2,382 | 2,448 | -2.7% | 17.6 |
| Net Income | 1,578 | 1,727 | -8.6% | 11.7 |
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.
During the period, the group saw an increase in the company's share of social insurance premiums due to the expanded application of social insurance.
Revenue in the business support segment was up 4.9% year-on-year. Revenue in the sales support business was down 0.5% year-on-year. Revenue increased by 1.5% for the Security and other business segment.
Looking ahead, the company forecasted revenue of JPY 66.26 billion (USD 491.8 million) for the year ended 31 December 2023.
Fullcast Holdings shares closed at JPY 2,464.00 (USD 18.29), down 0.81% on the day and 24.70% above the 52-week low of JPY 1,976.00 (USD 14.67) set on 20 June 2022. The company has a market cap of JPY 93.12 billion (USD 691.1 million).