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View All NewsMatching Service H1 revenue edges up 6.9% with profits on the rise
Matching Service Japan (6539:TYO), a recruitment firm based in Japan, reported revenue yesterday of JPY 2.27 billion (USD 15.0 million) for the first six months ended 30 September 2023, an increase of 6.9% when compared to the same period a year ago.
(JPY millions) | H1 2023 | H1 2022 | Change | H1 2023 (USD millions) |
Revenue | 2,271 | 2,124 | 6.9% | 15.0 |
Gross Profit | 2,270 | 2,124 | 14.6% | 15.0 |
Operating Income | 903 | 899 | 0.5% | 5.9 |
Net Income | 693 | 696 | -0.6% | 4.6 |
The company is mainly focused on legal and accounting/finance professions such as attorney, certified public accountant, tax accountant, among others, and management sector jobs, such as accounting, finance, human resources and general affairs, legal, corporate planning, among others.
Revenue in the recruitment business grew by 7.0% over the year. For media sales, revenue slipped 9.7%.
Looking ahead the company forecasted revenue of JPY 5.19 billion (USD 34.3 million) for the year ended 31 March 2024.
Matching Service Japan shares closed yesterday at JPY 1,137.00 (USD 7.52), down 0.52% on the day and 7.79% below its 52-week high of JPY 1,233.00 (USD 8.15), set on 26 September 2023. The company has a market cap of JPY 28.57 billion (USD 188.9 million).