Tsunagu Holdings (6551:JP), a Japan-based company offering recruitment related services, reported revenue today for the full year ended 30 September 2020 of JPY 12.09 billion (USD  million), an increase of 14.0% when compared to the same period last year.

Revenue was up due to the contribution of Yumex, which was acquired 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.

The company also announced that it will enter into a business alliance with Japan-based staffing firm Like Co. Tsunagu will match the employees of its customer companies to job opportunities so that they can work in the fields of childcare, human resources, nursing care and support developed by Like.

The company forecasted revenue of JPY 125 billion (USD 1.19 billion) for the year ended September 2021.

According to SIA’s Largest Staffing Firms in Japan report, Tsunagu was the 38th largest staffing firm in Japan based on revenue.

Shares in Tsunagu Group Holdings closed at JPY 407.00 (USD 3.88), down 3.55% on the day and 44.84% above the 52-week low of JPY 281.00 (USD 2.68) set on 17 March 2020. The company has a market cap of JPY 3.03 billion (USD 28.86 million).