Tsukui Staff Corporation (7045:TYO), a Japan-based provider of recruitment, temporary employment, education training and other services reported revenue on Friday of JPY 5.94 billion (USD 51.62 million) for the nine months ended 31 December 2021. Revenue was up 1.9% over the year.

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.

The group said personnel placements were affected by a decrease in referral unit prices and an increase in refunds, although the number of contracts signed increased. The company added that it reported a decrease in SG&A expenses, such as personnel expenses and advertising expenses for acquiring jobseekers, which had been recorded in the cost of sales due to the change in the organisational structure.

Looking ahead the company forecasted revenue of JPY 8.24 billion (USD 71.60) for the year ended 31 March 2022.

Shares in Tsukui closed on Friday at JPY 1,122 (USD 9.75), up 3.4% on the day. The company has a market cap of JPY 2.29 billion (USD 19.90 million).