Daily News
View All NewsJapan – Gakujo first quarter revenue up 4% but reports loss
Japanese recruitment firm Gakujo Co. (2301: JP) reported revenue today for the first quarter ended 31 January 2022 of JPY 595 million (USD 5.2 million), an increase of 4.0% compared with last year.
| (JPY millions) | Q1 2022 | Q1 2022 | Change | Q1 2022 (USD millions) |
| Revenue | 595 | 572 | 4.0% | 5.2 |
| Gross Profit | 273 | 238 | 14.8% | 2.3 |
| Gross Margin | 45.9% | 41.5% | - | - |
| Operating Profit | -419 | -324 | - | -3.6 |
| Net Income | -196 | -201 | - | -1.7 |
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.
Revenue in the employment information business increased year-on-year.
Looking ahead, the company forecasted revenue of JPY 6.40 billion (USD 55.60 million) for the year ended 31 October 2022.
Shares in Gakujo closed at JPY 949.00 (USD 8.24), down 5.67% on the day and 3.49% above its 52-week low of JPY 917.00 (USD 7.97) set on 27 January 2022. The company has a market cap of JPY 15.65 billion (USD 135.92 million).