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View All NewsJapan – Quick Co H1 revenue climbs 21.3% as profits report growth
Quick Co. Ltd (4318: JP), a Japanese staffing firm, reported revenue for the first six months ended 30 September 2022 of JPY 14.79 billion (USD 107.2 million), an increase of 21.3% compared to the previous year.
| JPY millions) | H1 2022 | H1 2021 | Change | H1 2022 (USD millions) |
| Revenue | 14,799 | 12,202 | 21.3% | 99.5 |
| Gross Profit | 10,310 | 8,299 | 24.2% | 69.3 |
| Gross Margin | 69.7% | 68.0% | - | - |
| Operating Profit | 3,646 | 2,656 | 37.3% | 24.5 |
| Net Income | 2,537 | 1,889 | 34.3% | 17.0 |
Quick Co. provides recruitment advertising and dispatch (temporary staffing) services.
Revenue in the human resources service business was up 19.4% year-on-year. Revenue in the recruiting business increased by 36.2% year-on-year, while revenue was up by 7.8% in the information publishing business. Revenue in the IT/Internet-related business sales was up 30.9% year-on-year, while revenue in the overseas business grew by 35.7%.
Last month Quick Co. announced that its subsidiary Kronos will be acquired by the Baristride Group, a Japan-based IT consulting services firm.
Looking ahead the group forecasted revenue of JPY 27.30 billion (USD 183.64 million) for the year ended 31 March 2023.
Quick Co shares closed at JPY 1,935.00 (USD 13.02), up 3.04% on the day and 0.72% below its 52-week high of JPY 1,949.00 (USD 13.11), set on 24 October 2022. The company has a market cap of JPY 35.87 billion (USD 241.30 million).