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Japan – Like Co H1 revenue and profits on the rise

12 January 2021

Japanese staffing firm Like Co Ltd (2462: JP) reported revenue today for the first six months ended 30 November 2020 of JPY 26.13 billion (USD 250.7 million), up 5.7% when compared to the previous year.

(JPY millions) H1 2020 H1 2019 Change H1 2020
Revenue 26,132 24,723 5.7% 250.7
Operating Income 1,183 816 45.0% 11.3
Net Income 835 480 74.0% 8.0

Like Co Ltd. provides general worker dispatching and employment placement services. The company also provides outsourcing staffing, recruitment, as well as childcare support services and nursing care related services.

Looking ahead, the company forecasted revenue of JPY 54 billion (USD 518.1 million) for the year ended May 2021.

Shares in Like Co closed at JPY 2,108.00 (USD 20.22), up 1.64% on the day and 11.43% below its 52-week high of JPY 2,380.00 (USD 22.83), set on 12 October 2020. The company has a market cap of JPY 42.20 billion (USD 404.88 million).