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View All NewsJapan – Matching Service Japan revenue and profits down sharply as pandemic hits recruitment activities
Matching Service Japan (6539:TYO) reported revenue of JPY 2.43 million (USD 15.5 million) for the first nine months ended 31 December 2020, a fall of 20.8% compared to the previous year.
| (JPY millions) | 9 months 2020 | 9 months 2019 | Change | 9 months 2020 (USD millions) |
| Revenue | 2,429 | 3,067 | -20.8% | 23.2 |
| Operating Income | 868 | 1,268 | -31.5% | 8.3 |
| Net Income | 617 | 1,078 | -42.8% | 5.9 |
The company is mainly focused on recruitment in 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 its recruitment activities were negatively impacted by the pandemic.
Looking ahead the group forecasted revenue of JPY 3.36 billion (USD 32.07 million) for the year ended 31 March 2020.
Shares in Matching Service Japan closed at JPY 1,185.00 (USD 11.31), down 1.33% on the day and 13.63% below its 52-week high of JPY 1,372.00 (USD 13.10), set on 13 February 2020. The company has a market cap of JPY 29.96 billion (USD 286.01 million).