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View All NewsJapan – Interworks reports revenue growth
Interworks (6032:TYO), a Japan-based recruitment company reported revenue on Friday for the first nine months ended 31 December 2021 of JPY 1.72 billion (USD 14.9 million).
The company did not post prior year results for comparison in its results announcement. However, prior year results are listed below the 9 months 2021 results table. Comparing the two showed a 50.4% increase in revenue over the year.
9 months 2021
| (JPY millions) | 9 months 2021 | 9 months 2020 (USD millions) |
| Revenue | 1,720 | 14.9 |
| Gross Profit | 1,356 | 11.8 |
| Gross Margin | 78.8% | |
| Operating Profit | 204 | 1.7 |
| Net Income | 149 | 1.2 |
9 months 2020
| (JPY millions) | 9 months 2020 | 9 months 2020 (USD millions) |
| Revenue | 1,143 | 10.8 |
| Gross Profit | 663 | 6.2 |
| Gross Margin | 58.0% | |
| Operating Profit | -468 | -4.4 |
| Net Income | -454 | -4.3 |
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 2.44 billion (USD 21.22 million) for the year ended 31 March 2022.
Shares in Interworks closed on Friday at JPY 421.00, down 0.7% on the day. The company has a market cap of JPY 3.67 billion (USD 31.9 million).