Meitech Group Holdings Inc. (9744:TYO), a Tokyo-based provider of engineering staffing, reported the environment for orders was strong as manufacturing firms continued investing in technology. This is despite the tense international environment and increases in the price of resources.

The company reported net sales rose 7.8% year over year to JPY 62.55 billion (USD 419 million).

Meitec reported the number of engineers it had increased to 12,523, up 450 from a year ago.

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Guidance

Meitec forecast full-year revenue will rise 6.2% to JPY 125.50 billion (USD 835 million).

Share price

Shares in Meitec closed down 1.89% to JPY 2,810 (USD 18.55); they were 2.07% below their 52-week high. The company has a market capitalisation of JPY 227.45 billion (USD 1.5 billion).