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View All NewsJapan – Media Five first quarter revenue slips 2.2%
Media Five (3824: JP), a Japanese firm that provides engineers to the IT industry, reported revenue today for the first quarter ended 31 August 2022 of JPY 433 million (USD 2.9 million), down 2.2% compared to last year.
| (JPY millions) | Q1 2022 | Q1 2021 | Change | Q1 2022 (USD millions) |
| Revenue | 433 | 443 | -2.3% | 2.9 |
| Gross Profit | 145 | 150 | -3.3% | 0.9 |
| Gross Margin | 33.5% | 33.9% | - | |
| Operating Profit/Loss | -9 | 6 | N/A | -0.1 |
| Net Income/Loss | -12 | 3 | N/A | -0.1 |
Media Five operates three primary business segments: its solutions business, which is the group’s primary business, includes the company’s IT staffing operations; Business-to-Consumer, which involves software and project development; and the company also operates a construction business.
The group’s solution business reported a decline over the year. The group’s business to consumer business, which offers IT engineers to consumers, reported an increase, while the construction business reported a decline.
Looking ahead, the company forecasted revenue of JPY 1.85 billion (USD 12.6 million) for the full year ended 31 May 2023.
Media Five shares closed at JPY 941.00 (USD 6.41), down 5.9% on the day. The company has a market cap of JPY 884.54 million (USD 6.0 million).