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View All NewsJapan – Interworks full year revenue dives 44% as losses widen due to impact of pandemic
Interworks (6032:TYO), a Japan-based recruitment company reported revenue Friday for the full year ended 31 March 2021 of JPY 1.76 billion (USD 16.2 million), a decrease of 43.9% when compared to the previous year.
The group said revenue and profits declined as a result of the pandemic.
| (JPY millions) | FY 2020 | FY 2019 | Change | FY 2020 (USD millions) |
| Revenue | 1,766 | 3,147 | -43.9% | 16.2 |
| Gross Profit | 1,114 | 2,095 | -46.8% | 10.2 |
| Gross Margin | 63.0% | 66.5% | ||
| Operating Profit | -360 | 124 | - | -3.3 |
| Net Income | -334 | 45 | - | -3.0 |
The company 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.
Looking ahead the company forecasted revenue of JPY 2.60 billion (USD 23.8 million) for the year ended March 2022.
Shares in Interworks closed at JPY 370.00 (USD 3.40) on Friday, down 1.3% on the day. The company has a market cap of JPY 3.85 billion (USD 35.3 million).