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View All NewsJapan – Tsunagu Holdings H1 revenue rises 21.9% as profits report growth
16 May 2023
Tsunagu Holdings (6551:JP), a Japan-based company offering recruitment related services, reported revenue today for the six months ended 31 March 2023 of JPY 7.38 billion (USD 54.4 million), an increase of 21.9% when compared to the same period last year.
| (JPY million) | H1 2023 | H1 2022 | % change | H1 2023 |
| Revenue | 7,388 | 6,061 | 21.9% | 54.4 |
| Gross profit | 3,332 | 3,013 | 10.6% | 24.5 |
| Gross margin | 45.1% | 49.7% | - | - |
| Operating Income | 255 | 158 | 61.6% | 1.8 |
| EBITDA | 412 | 316 | 30.2% | 3.0 |
| Net income | 169 | 125 | 35.1% | 1.2 |
Tsunagu engages in staff support and employment placement services. It provides recruitment supporting, corporate event outsourcing, job lead media operation, recruitment training, and other services.
Looking ahead the company forecasted revenue of JPY 14.70 billion (USD 108.26 million) for the year ended 30 September 2023.
Tsunagu shares closed yesterday at JPY 715.00 (USD 5.27), up 2.14% on the day. The company has a market cap of JPY 5.32 billion (USD 39.18 million).