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View All NewsQuick Co Q1 revenue rises 5.1% but recruiting business edges down 1.8%
Quick Co. Ltd (4318: JP), a Japanese staffing firm, reported revenue for the first quarter ended 30 June 2023 of JPY 8.99 billion (USD 63.2 million), an increase of 5.1% compared to the previous year.
| (JPY millions) | Q1 2024 | Q1 2023 | Change | Q1 2024 (USD millions) |
| Revenue | 8,993 | 8,551 | 5.1% | 63.2 |
| Gross Profit | 6,687 | 6,290 | 6.3% | 46.9 |
| Gross Margin | 74.3% | 73.5% | - | - |
| Operating Profit | 3,005 | 3,319 | -9.5% | 21.1 |
| Net Income | 2,105 | 2,314 | -9.0% | 14.8 |
The company said that as part of its proactive investment in human resources, it has reduced personnel expenses due to improving employee treatment and strengthening recruitment of new graduates and mid-career workers.
Revenue in the human resources service business was up 8.1% year-on-year, however revenue in the recruiting business was down 1.8% year-on-year.
Meanwhile, revenue in the information publishing business was up 17.3% year-on-year. At the same time, HR platform business sales were down 38.2% year-on-year. Revenue in the overseas business sales rose by 25.5% over the year.
Looking ahead the company forecasted revenue of JPY 30.00 billion (USD 210.84 million) for the year ended 31 March 2023.
Quick Co. provides recruitment advertising and dispatch (temporary staffing) services.
Quick Co set a new 52-week high during today's trading session when it reached JPY 2,445.00 (USD 17.18). Over this period, the share price is up 46.33%. Shares closed at JPY 2,435.00 (USD 17.11) up 2.35% on the day. The company has a market cap of JPY 45.44 billion (USD 319.35 million).