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View All NewsJapan – Quick Co. Ltd full year revenue up 17.8% with growth in profits
Quick Co. Ltd (4318: JP), a Japanese staffing firm, reported revenue today for the full year ended 31 March 2023 of JPY 27.79 billion (USD 204.4 million), an increase of 17.8% compared to the previous year.
| (JPY millions) | FY 2022 | FY 2021 | Change | FY 2022 (USD millions) |
| Revenue | 27,794 | 23,590 | 17.8% | 204.4 |
| Gross Profit | 18,420 | 15,074 | 135.5 | |
| Gross Margin | 66.2% | 63.8% | - | - |
| Operating Profit | 4,487 | 3,345 | 34.1% | 33.0 |
| Net Income | 3,261 | 2,248 | 45.1% | 23.9 |
Quick Co. Ltd provides recruitment advertising and dispatch (temporary staffing) services in Japan with overseas offices in the US, Vietnam and Mexico.
On September 2022, Quick Co. announced that its subsidiary Kronos would be acquired by the Baristride Group, a Japan-based IT consulting services firm.
The group said its Staffing Services business (Human Resources business), which includes HR recruiting and temporary staffing, saw revenue rise by 18%.
Revenue in the Recruitment business was up 21% over the year while revenue in the information publishing business increased by 8.4% year-on-year.
Revenue in the IT/Internet related business was up 7.4% year-on-year. Overseas business revenue increased by 44.6%.
Looking ahead the company forecasted revenue of JPY 30.0 billion (USD 220.65 million) for the year ended 31 March 2024.
Quick Co. shares closed at JPY 1,783.00 (USD 13.11), up 1.36% on the day and 16.25% below its 52-week high of JPY 2,129.00 (USD 15.66), set on 28 December 2022. The company has a market cap of JPY 33.59 billion (USD 247.00 million).