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View All NewsJapan – JTec Corp revenue rises 10.5% and reports return to profit
Japanese staffing company JTec Corp. (2479: JP) reported revenue for the first six months ended 30 September 2022 of JPY 1.57 billion (USD 10.6 million), an increase of 10.5% compared with last year.
| (JPY millions) | H1 2022 | H1 2021 | Change | H1 2022 (USD millions) |
| Revenue | 1,578 | 1,427 | 10.5% | 10.6 |
| Gross Profit | 423 | 274 | 54.3% | 2.8 |
| Gross Margin | 26.8% | 19.2% | - | - |
| Operating Profit | 34 | -130 | - | 0.2 |
| Net Income | 31 | -1 | - | 0.2 |
JTec Corp offers outsourcing for technical personnel especially in technology. The company provides mechanical, electronic, and software engineering technicians. JTec also offers electric and electronic design, and software development on a contract basis.
The group said revenue fell slightly short of its forecast, but in terms of profits, company-wide cost reduction activities and the steady earnings of newly graduated technologists exceed profit expectations.
The group’s engineer dispatching business was down 1.4% over the year.
Looking ahead, the company forecast revenue of JPY 3.50 billion (USD 23.5 million) for the year ended 31 March 2023.
Shares in JTec Corp closed at JPY 211.00 (USD 1.42), down 1.40% on the day and 23.39% above the 52 week low of JPY 171.00 (USD 1.15) set on 28 January 2022. The company has a market cap of JPY 1.83 billion (USD 12.3 million).