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View All NewsJapan – JAC Recruitment revenue declines 10.1%
Japanese staffing firm JAC Recruitment (2124: TYO) reported revenue for the nine months ended 30 September 2020 of JPY 16.98 billion (USD 161.8 million), a decrease of 10.1% compared to last year.
| (JPY millions) | 9 months 2020 | 9 months 2019 | Change | 9 months 2020 (USD millions) |
| Revenue | 16,986 | 18,893 | -10.1% | 161.8 |
| Operating Profit | 4,401 | 5,103 | -13.7% | 41.9 |
| Net Income | 1,359 | 3,632 | -62.6% | 12.9 |
JAC Recruitment provides recruitment services to local enterprises and multinationals in Japan, the United Kingdom, and the rest of Asia.
The company said its results were hit by the pandemic, particularly its overseas business which was hit the hardest.
Looking ahead, the company forecasted revenue of JPY 21.55 billion (USD 205.3 million) for the year ended December 2020
According to SIA’s Largest Staffing Firms in Japan report, JAC Recruitment was the 30th largest staffing firm in Japan based on revenue.
Shares in JAC Recruitment closed at JPY 1,495.00 (USD 14.24), up 0.07% on the day and 69.12% above the 52 week low of JPY 884.00 (USD 8.42) set on 6 April 2020. The company has a market cap of JPY 56.12 billion (USD 534.6 million).