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View All NewsJapan – Gakujo full-year revenue up 8.8% as profits rally
Japanese recruitment firm Gakujo Co. (2301: JP) reported revenue for the full-year ended 31 October 2020 of JPY 6.22 billion (USD 54.7 million), an increase of 8.8% compared with last year.
| (JPY millions) | FY 2020 | FY 2020 | Change | FY 2020 (USD millions) |
| Revenue | 6,222 | 5,720 | 8.8% | 54.7 |
| Gross Profit | 4,194 | 3,770 | 8.7% | 36.8 |
| Gross Margin | 67.4% | 65.9% | N/A | |
| Operating Profit | 1,819 | 1,188 | 53.1% | 16.0 |
| Net Income | 1,383 | 927 | 49.2% | 12.1 |
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 current business environment has improved year-on-year, and we anticipate a further recovery in the business results for the fiscal year ending October 2022," the company stated. "In addition, it is predicted that the needs in the recruitment market will be further diversified and subdivided, and we will continue to serve both companies and job seekers."
Looking ahead, the company forecasted revenue of JPY 6.40 billion (USD 62.3 million) for the year ended 31 October 2022.
Shares in Gakujo closed at JPY 1,160.00 (USD 56.3 million), up 2.20% on the day and 10.48% above the 52 week low of JPY 1,050.00 (USD 9.24) set on 1 December 2021. The company has a market cap of JPY 17.66 billion (USD 155.33 million).