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View All NewsJapan – Gakujo first quarter revenue slides 19% as losses widen amid pandemic
Japanese recruitment firm Gakujo Co. (2301: JP) reported revenue for the first quarter ended 31 January 2021 of JPY 572 million (USD 5.2 million), a decrease of 19.4% compared with last year.
| (JPY millions) | Q1 2021 | Q1 2020 | Change | Q1 2021 (USD millions) |
| Revenue | 572 | 711 | -19.4% | 5.2 |
| Gross Profit | 238 | 369 | -35.5% | 2.2 |
| Gross Margin | 41.5% | 51.9% | - | - |
| Operating Profit | -324 | -310 | - | -2.9 |
| Net Income | -201 | -184 | - | -1.8 |
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.
Looking ahead, the company forecasted revenue of JPY 6.50 billion (USD 59.89 million) for the year ended October 2021.
Shares in Gakujo closed at JPY 1,445.00, down 2.48% on the day and 7.19% below its 52-week high of JPY 1,557.00, set on 6 March 2020. The company has a market cap of JPY 21.94 billion (USD 202.17 million).