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Japan – Tsukui Staff first quarter revenue down 5%

05 August 2021

Tsukui Staff Corporation (7045:TYO), a Japan-based provider of recruitment, temporary employment, education training and other services reported revenue today of JPY 1.92 billion (USD 17.4 million) for the three months ended 30 June 2021, down 5% over the same period last year.

(JPY millions) Q1 2021 Q1 2020 Change Q1 2021 (USD millions)
Revenue 1,915 2,015 -5.0% 17.4
Gross Profit 2 2 -2.1% 0.0
Gross Margin 0.1% 0.1% - -
Operating Income 0 60 - 0.0
Net Income -9 31 - -0.1

Founded in 2016, the company is engaged in temporary staffing and permanent placement and specialises in nursing and medical care. It was launched in 2016 by parent company Tsukui Co. Ltd., a group which offers various nursing care services such as visiting nursing care services, nursing home and elderly housing services, as well as human resources development.

Looking ahead the company forecasted revenue of JPY 8.24 billion (USD 75.16 million) for the year ended March 2022.

Shares in Tsukui Staff Corp last traded yesterday and closed at JPY 1,628.00 (USD 14.85), down 0.37% on the day and 17.23% below its 52-week high of JPY 1,967.00 (USD 17.94), set on 31 Mar 2021. The company has a market cap of JPY 2.63 billion (USD 23.98 million).