Daily News
View All NewsJapan – Fullcast first quarter revenue up 1.3%, but profits fall
Japan-based staffing firm Fullcast Holdings (4848: JP) reported revenue today of JPY 10.81 billion (USD 98.9 million) for the first quarter ended 31 March 2021, a 1.3% increase compared to last year.
| (JPY millions) | Q1 2021 | Q1 2020 | Change | Q1 2021 (USD millions) |
| Revenue | 10,815 | 10,675 | 1.3% | 98.9 |
| Gross Profit | 3,995 | 4,660 | -14.2% | 36.5 |
| Gross Margin | 36.9% | 43.6% | ||
| Operating Profit | 1,567 | 1,696 | -7.6% | 14.3 |
| Net Income | 1,052 | 1,132 | -7.0% | 9.6 |
The group said that, despite the impact of pandemic restrictions, customer demand recovered.
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.
According to SIA’s recently published Largest Staffing Firms in Japan report, Fullcast was the 23rd largest staffing firm in Japan based on revenue.
Looking ahead, the company forecasted revenue of JPY 45.40 billion (USD 415.22 million) for the year ended 31 December 2021.
Shares in Fullcast Holdings closed at JPY 1,903.00 (USD 17.40), up 3.65% on the day and 8.29% below its 52-week high of JPY 2,075.00 (USD 18.97), set on 18 March 2021. The company has a market cap of JPY 68.83 billion (USD 629.40 million).