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Japan – Gakujo reports sales up 8.9% in fiscal year

13 December 2022

Gakujo Co. Ltd. (2301:TYO), an Osaka, Japan-based firm focused on matching students and younger workers to jobs, reported sales rose 8.9% in its fiscal year ended 31 October.

Total sales for the year was JPY 6.77 billion (USD 45.9 million).

(JPY thousands) FY ended 31 Oct. 2022 FY ended 31 Oct. 2021 % change FY ended 31 Oct. 2022 (USD thousands)
Sales                      6,773,423                      6,222,074 8.9%                                                   45,924
Gross profit                      4,506,272                      4,194,963 7.4%                                                   30,553
Gross margin 66.5% 67.4%    
Net income                      1,396,847                      1,383,345 1.0%                                                     9,471

Gakujo forecasts revenue to increase 18.1% in the present fiscal year ending 31 October 2023.

Share price and market cap

Shares in Gakujo closed down 2.24% to JPY 1,441 (USD 10.55) in Tokyo on Monday; they were 7.21% below their 52-week high, according to FT.com. The company had a market cap of JPY 22.94 billion (USD 167.9 million).