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View All NewsQuick Co H1 revenue rises 6.7% as profits rally
Quick Co. Ltd (4318: JP), a Japanese staffing firm, reported revenue today for the first six months ended 30 September 2023 of JPY 15.79 billion (USD 104.8 million), an increase of 6.7% compared to the previous year.
| JPY millions) | H1 2023 | H1 2022 | Change | H1 2023 (USD millions) |
| Revenue | 15,798 | 14,799 | 6.7% | 104.8 |
| Gross Profit | 11,247 | 10,310 | 9.1% | 74.6 |
| Gross Margin | 71.2% | 69.7% | - | - |
| Operating Profit | 4,030 | 3,646 | 10.5% | 26.7 |
| Net Income | 2,811 | 2,537 | 10.8% | 18.6 |
Quick Co. provides recruitment advertising and dispatch (temporary staffing) services.
Revenue in the recruiting business was down 5.2% while revenue in the human resources services business rose by 10.2% over the year. The information publishing business was up 12.3%. Meanwhile, revenue in the HR platform business was down 37.9%. Revenue in the overseas business was up 40.7%.
Looking ahead the company forecasted revenue of JPY 30 billion (USD 199.0 million) for the year ended 31 March 2024.
Quick Co shares closed at JPY 2,012.00 (USD 13.35), up 1.0% on the day and 22.61% above the 52 week low of JPY 1,641.00 (USD 10.89) set on 16 March 2023. The company has a market cap of JPY 38.04 billion (USD 252.4 million).