Media Five (3824: JP), a staffing firm in Japan that provides engineers to the IT industry, reported revenue yesterday for the six months ended 30 November 2022 of JPY 877 million (USD 6.8 million), up 1.2% compared to last year.

The group posted an operating loss and net loss.

Media Five operates two primary business segments: Business-to-Business, which includes the company’s staffing operations; and Business-to-Consumer, which involves software and project development. In addition to those businesses, Media Five also operates a construction business.

The group reported an increase in its SES business due to an increasing demand for IT human resources. It also reported an increase in its construction business, however it reported a small decline in its solutions business. However, it added that the solution business steadily received orders for medium- and small-scale system development projects. It also reported declines in operating profit for both the construction and solutions businesses.

Looking ahead the group forecasted revenue of JPY 1.85 billion (USD 14.3 million) for the year ended 31 May 2023.

Media Five shares closed yesterday at JPY 584.00 (USD 4.52), down 2.9% on the day. The company has a market cap of JPY 548.96 million (USD 4.24 million).