Tsunagu Holdings (6551:JP), a Japan-based company offering recruitment related services, reported revenue on Tuesday for the first quarter ended 31 December 2022 of JPY 3.51 billion (USD 26.2 million), an increase of 25.2% when compared to the same period last year.

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.

In the Human Capital business revenue increased by approximately 21.3% compared to the same period of the previous year. Revenue in the Staffing business was up 57.3%.

Looking ahead Tsunagu forecasted revenue of JPY 14.70 billion (USD 109.8 million) for the year ended 30 September 2023.

Tsunagu shares closed on Tuesday at JPY 499.00 (USD 3.73), down 2.15% on the day. The company has a market cap of JPY 4.82 billion (USD 36.0 million).