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View All NewsJapan – Geechs full year revenue up 11.6%
Geechs Inc. (7060:TYO), a Tokyo-based firm that provides IT staffing, reported revenue of JPY 15.99 billion (USD 117.6 million) for the year ended 31 March 2023. Revenue increased by 11.6% over the previous year.
| (JPY millions) | FY 2022 | FY 2021 | Change | FY 2022 (USD millions) |
| Revenue | 15,997 | 14,340 | 11.6% | 117.6 |
| Gross Profit | 2,998 | 2,783 | 52.4% | 22.0 |
| Gross Margin | 18.7% | 19.4% | - | - |
| Operating Profit | 589 | 1,133 | -48.0% | 4.3 |
| Net Income | 244 | 705 | -65.4% | 1.8 |
Geechs is mainly engaged in information technology (IT) staffing business and games business.
Revenue in the IT human resource business rose by 18.5% over the year. In the game business, revenue fell by 10.9%.
On November 2022, Geechs Inc. announced plans to acquire a 70% stake in Launch Group Holdings Pty. Ltd., a provider of IT staffing based in Sydney, Australia.
Looking ahead the group forecasted revenue of JPY 28.00 billion (USD 205.95 million) for the year ended 31 March 2024.
Geechs shares on Friday closed at JPY 1,133 (USD 8.33), down 4.46% on the day. The company has a market cap of JPY 10.15 billion (USD 74.65 million).