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View All NewsJapan – Gakujo first quarter revenue rises
Japanese recruitment firm Gakujo Co. (2301: JP) reported revenue today for the first quarter ended 31 January 2023 of JPY 1.12 billion (USD 8.4 million), an increase of 88.3% compared with last year.
| (JPY millions) | Q1 2023 | Q1 2022 | Change | Q1 2022 (USD millions) |
| Revenue | 1,121 | 595 | 88.3% | 8.4 |
| Gross Profit | 667 | 273 | 143.8% | 5.0 |
| Gross Margin | 59.4% | 45.9% | - | - |
| Operating Profit | -118 | -419 | - | -0.8 |
| Net Income | -40 | -196 | - | -0.3 |
Gakujo provides human resources and recruitment services in Japan. It is involved in college campus recruiting, mid-career recruitment, and business recruitment activities. The company also provides staffing services for small and medium-sized venture companies.
The group said revenue in its employment information business improved over the year.
Looking ahead, the company forecasted revenue of JPY 8.00 billion (USD 60.01 million) for the year ended 31 October 2023.
Gakujo shares closed at JPY 1,475.00 (USD 11.08), down 0.07% on the day and 5.02% below its 52-week high of JPY 1,553.00 (USD 11.66), set on 28 November 2022. The company has a market cap of JPY 22.97 billion (USD 172.64 million).