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View All NewsJapan – Jaic revenue rises 18.9% as profits post gain
Jaic (7073: TYO), a Japan-based professional services firm primarily engaged in education-integrated recruitment services, reported revenue on Thursday for the first nine months ended 31 October 2022 of JPY 2.29 billion (USD 16.9 million), a rise of 18.9% over the previous year.
| (JPY millions) | 9 months 2022 | H1 2022 | Change | 9 months 2022 (USD millions) |
| Revenue | 2,296 | 1,931 | 18.9% | 16.9 |
| Gross Profit | 2,169 | 1,804 | 20.2% | 15.9 |
| Gross Margin | 94.4% | 93.4% | - | - |
| Operating Income | 118 | 38 | 210.5% | 0.8 |
| Net Income | 108 | 108 | 25.0% | 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.
In the education and training service, the group said it has been accumulating training orders at a pace that surpassed the previous consolidated fiscal year when it recorded the highest number of training orders.
Looking ahead the company forecasted revenue of JPY 2.89 billion (USD 21.26 million) for the nine months ended 31 January 2023.
Jaic shares closed on Thursday at JPY 3,005 (USD 22.11), up 2.91% on the day. The company has a market cap of JPY 2.58 billion (USD 18.98 million).