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View All NewsJapan – PA Co first quarter revenue tumbles 20%
Japanese temporary staffing firm PA Co (4766: JP) reported revenue for the first quarter ended 31 March 2021 of JPY 390 million (USD 3.5 million), down 20.4% compared to the same period last year.
| (JPY millions) | Q1 2021 | Q1 2020 | Change | Q1 2021 (USD millions) |
| Revenue | 390 | 490 | -20.4% | 3.5 |
| Gross Profit | 163 | 196 | -16.9% | 1.5 |
| Gross Margin | 41.8% | 40.1% | ||
| Operating Profit | -37 | -31 | - | -0.3 |
| Net Income | -41 | 11 | -0.3 |
PA Co., operates Information Services and Temporary Staffing Services. The Information Services segment publishes free job information magazines and sales promotion information publications; offers sales promotion tools through mobiles, and operates recruitment websites for full-time employers focusing on mobile sites. The group also operates a nursery business.
The group’s Temporary Staffing Services business saw revenue rise by 23% during the period. The group’s media sales agency business revenue increased, but the information service business saw a decrease due to a reduction in sales of printed media.
Shares in PA Co closed at JPY 187.00 (USD 1.71), down 2.09% on the day and 39.55% above the 52 week low of 134.00 (USD 1.23) set on 18 May 2020. The company has a market cap of JPY 2.14 billion (USD 19.6 million).