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Japan – Matching Service Japan H1 revenue and profits plunge

11 November 2020

Matching Service Japan (6539:TYO), a recruitment firm based in Japan, reported revenue of JPY 1.63 million (USD 15.5 million) for the first six months ended 30 September 2020, a fall of 19.9% compared to the previous year. 

(JPY millions) H1 2020 H1 2019 Change H1 2019 (USD millions)
Revenue 1,637 2,043 -19.9% 15.5
Operating Income 596 821 -27.4% 5.6
Net Income 413 659 -37.3% 3.9

Matching Service’s results were impacted by the pandemic.

The company is mainly focused on legal and accounting/finance professions such as attorney, certified public accountant, tax accountant, among others, and management sector jobs, such as accounting, finance, human resources and general affairs, legal, corporate planning, among others. 

The group said it was difficult to calculate a forecast due to the uncertainty surrounding the coronavirus pandemic.

Shares in Matching Service Japan closed at JPY 836.00 (USD 7.93), up 1.33% on the day and 62.65% above the 52 week low of JPY 514.00 (USD 4.87) set on 6 April 2020. The company has a market cap of JPY 20.48 billion (USD 194.2 million).