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View All NewsJapan – Quick Co full year revenue up 21.8% while profits climb
Quick Co. Ltd (4318: JP), a Japanese staffing firm, reported revenue today for the full year ended 31 March 2022 of JPY 23.59 billion (USD 180.6 million), an increase of 21.8% compared to the previous year.
| (JPY millions) | FY 2021 | FY 2020 | Change | FY 2021 (USD millions) |
| Revenue | 23,590 | 19,360 | 21.8% | 180.6 |
| Gross Profit | 15,074 | 12,011 | 25.5% | 115.4 |
| Gross Margin | 63.8% | 62.0% | - | - |
| Operating Profit | 3,345 | 1,866 | 79.3% | 25.6 |
| Net Income | 2,248 | 1,463 | 53.6% | 17.2 |
Quick Co. Ltd provides recruitment advertising and dispatch (temporary staffing) services in Japan with overseas offices in the US, Vietnam and Mexico.
Revenue in the human resources business was up 36.4% over the year while revenue in the recruitment business was up 27.2%.
Revenue in the information publishing business was up 14.0% while revenue in the IT / Internet-related business was up 22.0% year-on-year. Revenue in the overseas business was up 22.8%.
Looking ahead the company forecasted revenue of JPY 25.60 billion (USD 196.1 million) for the year ended 31 March 2023.
Shares in Quick Co closed at JPY 1,557.00 (USD 11.93), up 2.70% on the day and 7.76% below its 52-week high of JPY 1,688.00 (USD 12.93), set on 10 February 2022. The company has a market cap of JPY 28.95 billion (USD 221.75 million).