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Japan – Jaic H1 revenue rises 14.7% as profits show improvement

14 September 2022

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).