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View All NewsJapan – Like Co H1 revenue rises 5.5%, but profits take a dive
Japanese staffing firm Like Co Ltd (2462: JP) reported revenue today for the first six months ended 30 November 2022 of JPY 28.65 billion (USD 216.8 million), up 5.5% when compared to the previous year. Profits were down during the period.
| (JPY millions) | H1 2022 | H1 2021 | Change | H1 2022 |
| Revenue | 28,659 | 27,158 | 5.5% | 216.8 |
| Gross Profit | 3,889 | 4,152 | -6.3% | 29.4 |
| Gross Margin | 13.6% | 15.3% | - | - |
| Operating Income | 1,079 | 1,399 | -22.9% | 8.1 |
| Net Income | 710 | 1,024 | -30.7% | 5.3 |
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.
The group said that factors behind the decrease in operating income for the second quarter of the year were the increase in food costs and utility costs due to soaring prices.
Looking ahead, Like Co forecasted revenue of JPY 61.60 billion (USD 466.05 million) for the year ended May 2023.
Like shares closed at JPY 1,985.00 (USD 15.02), down 1.19% on the day and 18.72% above the 52 week low of JPY 1,672.00 (USD 12.65) set on 28 January 2022. The company has a market cap of JPY 41.11 billion (USD 310.94 million).