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View All NewsLike Co H1 revenue up marginally as profits fall
Japanese staffing firm Like Co Ltd (2462: JP) reported revenue on Friday for the first six months ended 30 November 2023 of JPY 28.88 billion (USD 199.3 million), up 0.8% when compared to the previous year. Profits fell during the period.
| (JPY millions) | H1 2023 | H1 2022 | Change | H1 2023 |
| Revenue | 28,879 | 28,659 | 0.8% | 199.3 |
| Gross Profit | 3,652 | 3,889 | -6.6% | 25.2 |
| Gross Margin | 12.6% | 13.6% | - | - |
| Operating Income | 806 | 1,079 | -25.3% | 5.5 |
| Net Income | 689 | 710 | -2.9% | 4.7 |
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.
In the childcare support service business, revenue increased by 3.2% over the year. Revenue in the nursing care related service business rose by 106.7% over the year. Revenue in the comprehensive human resources service business decreased by 2.5%
Looking ahead the company forecasted revenue of JPY 63.30 billion (USD 436.96 million) for the year ended 31 May 2024.
Like shares closed on Friday at JPY 1,469.00 (USD 10.14), down 2.33% on the day and 15.04% above the 52-week low of JPY 1,277.00 (USD 8.82) set on 8 December 2023. The company has a market cap of JPY 30.78 billion (USD 212.47 million).