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View All NewsMedia Five Q1 revenue edges up 11% as profits show improvement
Media Five (3824: JP), a Japanese firm that provides engineers to the IT industry, reported revenue today for the first quarter ended 31 August 2023 of JPY 480 million (USD 3.2 million), up 11% compared to last year.
| (JPY millions) | Q1 2023 | Q1 2022 | Change | Q1 2023 (USD millions) |
| Revenue | 480 | 433 | 11.0% | 3.2 |
| Gross Profit | 175 | 145 | 20.7% | 1.1 |
| Gross Margin | 36.5% | 33.5% | - | |
| Operating Profit/Loss | 13 | -9 | N/A | 0.08 |
| Net Income/Loss | 9 | -12 | N/A | 0.06 |
Media Five operates three primary business segments: its solutions business, which includes the company’s IT staffing operations; Business-to-Consumer, which involves software and project development; and the company also operates a construction business.
The company’s SES business, which focuses on training advanced IT human resources and improving technical skills, as well as increasing contract unit prices to business partners, reported a decline.
The solutions business reported an increased during the period. The construction-related business also reported an increase over the year.
Looking ahead, Media Five forecasted revenue of JPY 1.84 billion (USD 12.3 million) for the full year ended 31 May 2024.
Media Five shares closed today at JPY 603.00 (USD 4.04), down 3.21% on the day. The company has a market cap of JPY 566.82 million (USD 3.8 million).