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View All NewsJapan – Interworks reports H1 revenue and profit improvement
Interworks (6032:TYO), a Japan-based recruitment company reported revenue today for the first six months ended 30 September 2022 of JPY 1.43 billion (USD 9.7 million). The group did not provide prior year results for comparison, however last year’s revenue stood at JPY 1.20 billion (USD 8.1 million). This shows an increase of 18.9%.
Gross profit increased by 11.8%. Operating profit was up by 14.0%. Net income increased by 9.7%
H1 2022 Results
| (JPY millions) | H1 2022 | Q1 2022 (USD millions) |
| Revenue | 1,435 | 9.7 |
| Gross Profit | 1,031 | 6.9 |
| Gross Margin | 71.8% | - |
| Operating Profit | 122 | 0.8 |
| Net Income | 90 | 0.6 |
H1 2021 Results
| (JPY millions) | H1 2022 | Q1 2022 (USD millions) |
| Revenue | 1,206 | 8.1 |
| Gross Profit | 922 | 6.2 |
| Gross Margin | 89.4% | - |
| Operating Profit | 107 | 0.7 |
| Net Income | 82 | 0.5 |
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.
Looking ahead the company forecasted revenue of JPY 3.30 billion (USD 22.33 million).
Interworks shares closed at JPY 380.00 (USD 2.57), up 2.15% on the day and 8.57% above its 52-week low of JPY 350.00 (USD 2.37), set on 24 February 2022.The company has a market cap of JPY 3.65 billion (USD 24.7 million).