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Japan – Quick Co revenue rises 19.8% as profits increase

13 February 2023

Quick Co. Ltd (4318: JP), a Japanese staffing firm, reported revenue on Friday for the nine months ended 31 December 2022 of JPY 21.05 billion (USD 159.8 million), an increase of 19.8% compared to the previous year.

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 which includes temporary staffing, was up 19.2% over the year. Revenue in the recruitment business, which includes recruitment advertising, increased by 25.7%.

On September 2022, Quick Co. Ltd announced that its subsidiary Kronos would be acquired by the Baristride Group, a Japan-based IT consulting services firm.

Looking ahead the company forecasted revenue of JPY 27.30 billion (USD 207.28 million) for the year ended 31 March 2023.

Quick Co shares last traded on Friday at 1,865.00 (USD 14.16), no change on the day and 12.40% below its 52-week high of JPY 2,129.00 (USD 16.17), set on 28 December 2022. The company has a market cap of JPY 35.62 billion (USD 270.46 million).