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View All NewsJapan – JTec Corp full year revenue rises 6.2%
Japanese staffing company JTec Corp. (2479: JP) reported revenue for the full year ended 31 March 2023 of JPY 3.17 billion (USD 23.6 million), an increase of 6.2% compared with last year.
| (JPY millions) | FY 2022 | FY 2021 | Change | FY 2022 (USD millions) |
| Revenue | 3,177 | 2,991 | 6.2% | 23.6 |
| Operating Profit | 178 | -118 | - | 1,322 |
| Gross Profit | 957 | 688 | 39.1% | 7.1 |
| Gross Margin | 30.1% | 23.0% | - | - |
| Net Income | 131 | 60 | 118.4% | 0.9 |
JTec Corp offers outsourcing for technical personnel especially in technology, providing mechanical, electronic, and software engineering technicians. JTec also offers electric and electronic design, and software development on a contract basis.
Revenue in the general dispatch and engineer dispatch business was down 2.4% year-on-year. Revenue in the technician intellectual property leasing business rose by 6.3%.
Looking ahead, the group forecasted revenue of JPY 3.75 billion (USD 27.8 million) for the year ended 31 March 2024.
JTec Corp shares closed today at JPY 264.00 (USD 1.96), up 4.76% on the day and 42.70% above the 52 week low of JPY 185.00 (USD 1.37) set on 13 May 2022. The company has a market cap of JPY 2.16 billion (USD 16.0 million).