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View All NewsJapan – Jaic full year revenue up 15.7% as it returns to profit
Jaic (7073: TYO), a Japan-based professional services firm primarily engaged in education-integrated recruitment services, reported revenue today for the full year period ended 31 January 2022 of JPY 2.59 billion (USD 21.9 million), an increase of 15.7% compared to the same period last year.
(JPY millions) | FY 2021 | FY 2020 | Change | FY 2021 (USD millions) |
Revenue | 2,593 | 2,241 | 15.7% | 21.9 |
Gross Profit | 2,434 | 2,098 | 16.0% | 20.6 |
Operating Income | 91 | -281 | - | 0.7 |
Net Income | 90 | -221 | - | 0.7 |
The Japan-based company is primarily engaged in education-integrated recruitment services. The college business is 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.
Jaic’s college business saw revenue jump by 8.1% from the previous year.
The group forecasted revenue of JPY 2.90 billion (USD 24.5 million) for the year ended January 2023.
Shares in Jaic closed at JPY 2,255.00 (USD 19.11), up 2.04% on the day and 6.87% above its 52-week low of JPY 2,110.00 (USD 17.88), set on 2 March 2022. The company has a market cap of JPY 2.04 billion (USD 17.3 million).