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View All NewsJapan – JAC Recruitment revenue and profits slip in full year period
Japanese staffing firm JAC Recruitment (2124: TYO) reported revenue on Friday for the full year ended 31 December 2020 of JPY 21.61 billion (USD 205.1 million), a decrease of 10.6% compared to last year.
| (JPY millions) | FY 2020 | FY 2019 | Change | FY 2020 (USD millions) |
| Revenue | 21,614 | 24,170 | -10.6% | 205.1 |
| Operating Profit | 5,138 | 6,087 | -15.6% | 48.7 |
| Net Income | 1,834 | 4,354 | -57.9% | 17.4 |
The group said its results were negatively impacted by the pandemic but that it saw recovery in the fourth quarter.
JAC Recruitment provides recruitment services to local enterprises and multinationals in Japan, the United Kingdom, and the rest of Asia.
The company provides skilled permanent employees ranging from assistant level personnel to executives and various specialists. It also offers Japanese speaking and multilingual specialists, as well as online job listing services.
According to SIA’s report Largest Staffing Firms in Japan and Market Overview report, JAC Recruitment is the 30th largest staffing firm in Japan based on 2019 revenue.
Looking ahead the company forecasted revenue of JPY 22.46 billion (USD 213.12 million) for the year ending December 2021.
Shares in JAC Recruitment closed on Friday at JPY 1,909, up 1.48% on the day. The company has a market cap of JPY 76.39 billion (USD 724.89 million).