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Japan – Tsukui Staff revenue and profits down

05 February 2021

Tsukui Staff Corporation (7045:TYO), a Japan-based provider of recruitment, temporary employment, education training and other services reported revenue today of JPY 5.83 billion (USD 55.3 million) for the nine months ended 31 December 2020.

(JPY millions) 9 months 2020 9 months 2019 Change 9 months 2020 (USD millions)
Revenue 5,834 6,262 -6.8% 55.3
Operating Income 79 293 -72.9% 0.7
Net Income 25 178 -85.8% 0.2

Founded in 2016, the company is engaged in temporary staffing and paid employment 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 7.99 billion (USD 75.75 million) for the year ended March 2021.

Shares in Tsukui Staff Corp closed today at JPY 1,500.00 (USD 14.22), up 7.68% on the day and 46.20% above the 52 week low of JPY 1,026.00 (USD 9.73) set on 2 April 2020. The company has a market cap of JPY 2.24 billion (USD 21.23 million).