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View All NewsJapan – Staffing firm GiG Works revenue up 8.3% in fiscal year
GiG Works Inc. (2375:TYO), which ranks as the 30th-largest staffing firm in Japan, announced Friday that sales rose 8.3% in its fiscal year ended 31 October to JPY 22.93 billion (USD 155.5 million).
Gross margin narrowed at the Tokyo-based company while net income fell 46.4%.
GiG works provides personnel on demand in engineering, construction, sales and call centre services. It is also involved in the development of shared offices.
(JPY thousands) | FY ended 31 Oct. 2022 | FY ended 31 Oct. 2021 | % change | FY ended 31 Oct. 2022 (USD thousands) |
Sales | 22,932,969 | 21,169,041 | 8.3% | 155,486 |
Gross profit | 5,140,851 | 4,884,613 | 5.2% | 34,855 |
Gross margin | 22.4% | 23.1% | ||
Net income | 232,916 | 434,518 | -46.4% | 1,579 |
Shares in GiG Works Inc. closed up 1.29% in Tokyo on Friday to JPY 314 (USD 2.30); they were 5.02% above their 52-week low; according to FT.com. The company had a market cap of JPY 6.81 billion (USD 49.8 million).