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View All NewsJapan – JTec first-quarter revenue rises 3% but losses widen
Japanese staffing company JTec Corp. (2479: JP) reported revenue for the first quarter ended 30 June 2021 of JPY 701 million (USD 6.3 million), an increase of 3.0% compared with last year.
| (JPY millions) | Q1 2021 | Q1 2020 | Change | Q1 2021 (USD millions) |
| Revenue | 701 | 680 | 3.0% | 6.3 |
| Operating Profit | -80 | -21 | - | -0.7 |
| Gross Profit | 130 | 154 | -15.6% | 1.2 |
| Gross Margin | 18.6% | 22.7% | - | - |
| Net Income | -25 | -12 | - | -0.2 |
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.
Looking ahead, the company forecasted revenue of JPY 3.44 billion (USD 31.4 million) for the year ended 31 March 2022.
Shares in JTec Corp closed at JPY 203.00 (USD 1.85), no change on the day and 34.44% above the 52 week low of JPY 151.00 (USD 1.38) set on 3 August 2020. The company has a market cap of JPY 1.74 billion (USD 15.88 million).