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View All NewsJapan – Interworks Q1 revenue soars as it recovers from loss
Interworks (6032:TYO), a Japan-based recruitment company reported revenue for the first quarter ended 30 June 2021 of JPY 588 million (USD 5.3 million), an increase of 50.2% when compared to the previous year.
| (JPY millions) | Q1 2021 | Q1 2020 | Change | Q1 2021 (USD millions) |
| Revenue | 588 | 391 | 50.2% | 5.3 |
| Gross Profit | 446 | 231 | 92.5% | 4.0 |
| Gross Margin | 75.8% | 59.2% | - | |
| Operating Profit | 60 | -160 | - | 0.5 |
| Net Income | 51 | -121 | - | 0.4 |
Interworks operates through three segments: its main segment which is the media and solutions business, a recruitment business covering the IT, accounting/finance, legal, HR and manufacturing sectors, and a recruitment support business supplying HR tech under the JDV brand.
The group forecasted revenue of JPY 2.60 billion (USD 23.68 million) for the year ended March 2022.
Shares in Interworks closed at 421.00 (USD 3.83), no change on the day and 10.99% below its 52-week high of JPY 473.00 (USD 4.31), set on 2 June 2021. The company has a market cap of JPY 4.13 billion (USD 37.6 million).