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View All NewsJapan – Gakujo reports revenue rises 8% but profits slip
Japanese recruitment firm Gakujo Co. (2301: JP) reported revenue for the nine months ended 31 July 2022 of JPY 4.14 billion (USD 29.0 million). The company did not provide direct year-on-year comparisons due to a change in applying accounting standards for revenue recognition. When comparing 2022 figures with 2021, revenue increased by 8.3%.
| (JPY millions) | 9 months 2022 | 9 months 2021 | Change | 9 months 2022 (USD millions) |
| Revenue | 4,144 | 3,824 | 8.3% | 29.0 |
| Gross Profit | 2,610 | 2,410 | 8.2% | 18.3 |
| Gross Margin | 62.9% | 63.0% | - | - |
| Operating Profit | 517 | 714 | -27.6% | 3.6 |
| Net Income | 590 | 606 | -2.6% | 4.1 |
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.
Looking ahead the company forecasted revenue of JPY 6.40 billion (USD 44.8 million) for the year ended 31 October 2022.
Gakujo shares closed at JPY 1,215.00 (USD 8.52), up 0.83% on the day and 9.46% below its 52-week high of JPY 1,342.00 (USD 9.41), set on 14 September 2021. The company has a market cap of JPY 18.30 billion (USD 128.3 million).