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Like 9-month revenue up marginally by 0.8%

10 April 2024

Japanese staffing firm Like Co Ltd (2462: JP) reported revenue today for the nine months ended 29 February 2024 of JPY 43.48 billion (USD 286.3 million), up 0.8% when compared to the previous year.

(JPY millions) 9 months 2023 9 months 2022 Change 9 months 2023 (USD millions)
Revenue 43,480 43,136 0.8% 286.3
Gross Profit 5,608 5,703 -1.6% 36.9
Gross Margin 12.9% 13.2% - -
Operating Profit 1,457 1,415 3.0% 9.5
Net Income 977 873 11.9% 6.4

 

Like Co Ltd. provides general worker dispatching and employment placement services. The company also provides outsourcing staffing, recruitment, as well as childcare support services and nursing care related services.

Revenue in the childcare support service business increased by 3.8% over the year. Revenue in the nursing related business increased by 3.9% over the year. Revenue in the human resources business fell by 2.9%.

Looking ahead the company forecasted revenue of JPY 63.30 billion (USD 416.85 million) for the year ended 31 May 2024.

Like shares closed today at JPY 1,680.00 (USD 11.06), up 0.66% on the day and 16.50% below its 52-week high of JPY 2,012.00 (USD 13.25), set on 10 April 2023. The company has a market cap of JPY 34.16 billion (USD 224.94 million).