Japanese recruitment firm J-Com Holdings Ltd (2462: JP) reported revenue for the six months ending 30 November 2013 of JPY 6.25 billion (USD 59.8 million), a fall of -22.9% compared with JPY 8.1 billion (USD 77.5 million) a year ago.

The company reported an operating profit of JPY 227 million (USD 2.2 million), a drop of -52.5% from JPY 479 million (USD 4.6 million) for the same six months in 2012. The company achieved a pre-tax profit of JPY 279 million (USD 2.7 million), a fall of -49.6% from a pre-tax profit of JPY 554 million (USD 5.3 million) a year ago.

Net profit for the period fell substantially by -49.9% to JPY 184 million (USD 1.8 million), down from JPY 368 million (USD 3.5 million) in 2012.

Despite the poor results, attributed to the tight Japanese economy, the company is optimistic that trading conditions will improve during the second half of its financial year. 

J-Com Holdings offers temporary staffing, outsourcing staffing, recruitment, and education support services for mobile phone sales industry in Japan. It also provides general worker dispatching and employment placement services.

In trading today, the company’s share price fell by -1.1% to JPY 788 (USD 7.54), a rise of +15.3% compared with a year ago. Based on its current share price, the company has a market value of JPY 7.73 billion (USD 74 million).