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View All NewsLike Co Q1 revenue up slightly at 0.9% but profits tumble amid increased costs
Japanese staffing firm Like Co Ltd (2462: JP) reported revenue today for the first quarter ended 31 August 2023 of JPY 14.31 billion (USD 96.1 million), up 0.9% when compared to last year.
| (JPY millions) | Q1 2023 | Q1 2022 | Change | Q1 2023 (USD millions) |
| Revenue | 14,315 | 14,186 | 0.9% | 96.1 |
| Gross Profit | 1,781 | 1,983 | -10.2% | 11.9 |
| Gross Margin | 13.9% | 13.9% | - | - |
| Operating Income | 340 | 582 | -41.5% | 2.3 |
| Net Income | 162 | 330 | -50.9% | 1,1 |
Profits were down during the period. The group pointed to increased costs during the period.
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.
Looking ahead the company forecasted revenue of JPY 63.30 billion (USD 425.27 million) for the year ended 31 May 2024.
Like Co shares closed at JPY 1,504.00 (USD 10.10), down 0.27% on the day and 3.58% above its 52-week low of JPY 1,452.00 (USD 9.75), set on 4 October 2023. The company has a market cap of JPY 30.47 billion (USD 204.70 million).