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View All NewsMedia Five nine-month revenue rises 7.2% as profits up
Media Five (3824: JP), a staffing firm in Japan that provides engineers to the IT industry, reported revenue today for the nine months ended 28 February 2023 of JPY 1.4 billion (USD 9.1 million),up 7.2% compared to last year.
| (JPY millions) | 9 months 2024 | 9 months 2023 | Change | 9 months 2024 (USD millions) |
| Revenue | 1,396 | 1,302 | 7.2% | 9.1 |
| Gross profit | 497 | 453 | 9.7% | 3.2 |
| Gross margin | 35.6% | 34.8% | - | - |
| Operating profit | 31 | 10 | 199.6% | 0.2 |
| Net income | 23 | 1 | - | 0.1 |
Media Five operates two primary business segments: Business-to-Business, which includes the company’s staffing operations; and Business-to-Consumer, which involves software and project development. In addition to those businesses, Media Five also operates a construction business.
Revenue in the SES business fell over the yearhe while the Solution business reported an increase. Revenue in the construction related business also reported an increase.
Looking ahead the company forecasted revenue of JPY 1.84 billion (USD 12.0 million) for the year ended 31 May 2024.
Media Five shares closed today at JPY 580.00 (USD 3.79) down 1.69% on the day. The company has a market cap of JPY 545.2 million (USD 3.55 million).