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View All NewsJapan – Jaic H1 revenue rises 14.7% as profits show improvement
Jaic (7073: TYO), a Japan-based professional services firm primarily engaged in education-integrated recruitment services, reported revenue today for the first six months ended 31 July 2022 of JPY 1.53 billion (USD 10.7 million). The company did not provide direct year-on-year comparisons due to a change in applying accounting standards for revenue recognition. When comparing 2022 figures with 2021, revenue increased by 14.7%.
(JPY millions) | H1 2022 | H1 2021 | Change | H1 2022 (USD millions) |
Revenue | 1,530 | 1,333 | 14.7% | 10.7 |
Gross Profit | 1,460 | 1,232 | 18.4% | 10.2 |
Gross Margin | 95.4% | 92.4% | - | - |
Operating Income | 160 | 56 | 185.7% | 1.1 |
Net Income | 108 | 44 | 145.4% | 0.7 |
The Japan-based company is primarily engaged in education-integrated recruitment services. The college business provides education-integrated human resource introduction services and educational opportunities for SMEs with less than 300 employees. The company is also engaged in the provision of a wide range of detailed education and training services.
Within the education and training service, the number of training orders increased over the year.
Looking ahead the company forecasted revenue of JPY 2.89 billion (USD 20.2 million) for the year ended 31 January 2023.
Jaic Co Ltd (7073:TYO) set a new 52-week high during today's trading session when it reached JPY 4,180.00 (USD 29.21). Over this period, the share price is up 50.27%. Shares last traded at JPY 4,170 (USD 29.14), up 5.84% on the day. The company has a market cap of JPY 3.65 billion (USD 25.5 million).