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View All NewsJapan – Fullcast revenue jumps 19.3% while profits show growth
Japan-based staffing firm Fullcast Holdings (4848: JP) reported revenue today of JPY 38.07 billion (USD 334.4 million) for the nine months ending 30 September 2021, a 19.3% increase compared to last year.
| (JPY millions) | 9 months 2021 | 9 months 2020 | Change | 9 months 2020 (USD millions) |
| Revenue | 38,076 | 31,914 | 19.3% | 334.4 |
| Gross Profit | 13,327 | 13,276 | 0.4% | 117.0 |
| Gross Margin | 35.0% | 41.6% | - | - |
| Operating Profit | 5,804 | 4,672 | 24.2% | 50.9 |
| Net Income | 3,840 | 3,167 | 21.2% | 33.7 |
The group said that it had continued to be impacted by the pandemic but saw customer demand recover. Revenue saw growth due to the procurement of government projects related to vaccines.
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.
Looking ahead the company forecasted revenue of JPY 51.10 billion (USD 448.77 million) for the full year ended December 2021.
Shares in Fullcast Holdings last traded at JPY 2,759.00 (USD 24.32), down 0.18% on the day. The company has a market cap of JPY 103.61 billion (USD 909.9 million).