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View All NewsJapan – JAC Recruitment revenue and profits improvement driven by domestic staffing
Japanese staffing firm JAC Recruitment (2124: TYO) reported revenue for the nine months ended 30 September 2021 of JPY 18.56 billion (USD 162.9 million), an increase of 9.3% compared to last year.
The group said its domestic staffing business, which is its core business, performed well, and as a result, it greatly drove the performance of the entire group.
| (JPY millions) | 9 months 2021 | 9 months 2020 | Change | 9 months 2021 (USD millions) |
| Revenue | 18,568 | 16,986 | 9.3% | 162.9 |
| Gross Profit | 17,214 | 15,810 | 8.8% | 151.1 |
| Operating Profit | 5,077 | 4,401 | 15.3% | 44.5 |
| Net Income | 3,384 | 1,359 | 148.9% | 29.7 |
JAC Recruitment provides recruitment services to local enterprises and multinationals in Japan, the United Kingdom, and the rest of Asia.
The group said it increased headcount, strengthened advertising and promotion for job seekers.
Looking ahead the company forecasted revenue of JPY 24.00 billion (USD 210.65 million) for the year ended 31 December 2021.
Shares in JAC Recruitment closed at JPY 2,197.00 (USD 19.28), down 0.63% on the day and 4.27% below its 52-week high of JPY 2,295.00 (USD 20.14), set on 15 October 2021. The company has a market cap of JPY 91.51 billion (USD 803.18 million).