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View All NewsJapan – Tsunagu Holdings full-year revenue up 15.4% as it returns to profit
Tsunagu Holdings (6551:JP), a Japan-based company offering recruitment related services, reported revenue on Friday for the full year ended 30 September 2022 of JPY 12.72 billion (USD 91.3 million), an increase of 15.4% when compared to the same period last year. The group also reported a return to profit.
| (JPY millions) | FY 2022 | FY 2021 | Change | FY 2022 (USD million) |
| Revenue | 12,721 | 11,025 | 15.4% | 91.3 |
| Gross Profit | 6,023 | 5,465 | 10.2% | 43.2 |
| Gross Margin | 47.3% | 49.6% | - | - |
| Operating Profit | 215 | -105 | - | 1.5 |
| Profit/Loss for the period | 491 | -212 | - | 3.5 |
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.
Revenue in the RPO Services segment grew by 20%.
Looking ahead the company forecasted revenue of JPY 14.70 billion (USD 105.6 million).
Tsunagu shares closed on Friday at JPY 489.00 (USD 3.51), up 1.03% on the day. The company has a market cap of JPY 4.42 billion (USD 31.7 million).