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View All NewsJapan – Gakujo full-year revenue climbs 8.9%
Japanese recruitment firm Gakujo Co. (2301: JP) reported revenue on Monday for the full year ended 31 October 2022 of JPY 6.77 billion (USD 50.2 million), an increase of 8.9% compared with last year.
| (JPY millions) | FY 2022 | FY 2021 | Change | FY 2022 (USD million) |
| Revenue | 6,773 | 6,222 | 8.9% | 50.2 |
| Gross Profit | 4,506 | 4,194 | 7.4% | 33.4 |
| Gross Margin | 66.5% | 67.4% | - | - |
| Operating Profit | 1,621 | 1,819 | -10.8% | 12.0 |
| Net Income | 1,396 | 1,383 | 1.0% | 10.3 |
Gakujo provides human resources and recruitment services in Japan. It involves college campus recruiting, mid-career, and business recruitment activities. The company also provides staffing services for small and medium-sized venture companies.
During the period, the group said it accelerated investment in advertising (such as television commercials) for web-related products. It also strengthened its marketing and sales systems.
Looking ahead, the company forecasted revenue of JPY 8.00 billion (USD 59.35 million) for the year ending 31 October 2023.
Gakujo shares closed on Monday at JPY 1,441 (USD 10.69), down 2.2%. The company has a market cap of JPY 22.17 billion (USD 164.43 million).