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View All NewsJapan – Like Co revenue edges up 5.2% as profits rally
Japanese staffing firm Like Co Ltd (2462: JP) reported revenue for the nine months ended 28 February 2022 of JPY 41.30 billion (USD 329.5 million), up 5.2% when compared to last year.
| (JPY millions) | 9 months 2021 | 9 months 2021 | Change | 9 months 2022 (USD millions) |
| Revenue | 41,308 | 39,265 | 5.2% | 329.5 |
| Gross Profit | 6,358 | 6,340 | 0.2% | 50.7 |
| Gross Margin | 15.4% | 16.1% | - | - |
| Operating Profit | 2,226 | 1,820 | 22.3% | 17.7 |
| Net Income | 1,527 | 1,431 | 6.7% | 12.1 |
Like Co Ltd provides general worker dispatching and employment placement services. The company also provides outsourcing staffing, recruitment, and education support services for the mobile phone sales industry in Japan.
Revenue in the childcare business was up 5.0% while revenue in human resources increased by 6.5%. Revenue in the long-term care-related service business was up 3.6%.
Looking ahead the company forecasted JPY 57.50 billion (USD 458.6 million) for the year ended 31 May 2022.
Shares in Like Co closed at JPY 2,132.00 (USD 17.00), up 0.57% on the day and -16.95% below its 52-week high of JPY 2,567.00 (USD 20.47), set on 23 April 2021. The company has a market cap of JPY 43.26 billion (USD 344.92 million).