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View All NewsQuick Co revenue edges up 5.6% as profits rise
Quick Co. Ltd (4318: JP), a Japanese staffing firm, reported revenue today for the nine months ended 31 December 2023 of JPY 22.24 billion (USD 150.5 million), an increase of 5.6% compared to the previous year.
| (JPY millions) | 9 months 2023 | 9 months 2022 | Change | 9 months 2023 |
| Revenue | 22,240 | 21,052 | 5.6% | 150.5 |
| Gross profit | 15,358 | 14,289 | 7.5% | 103.9 |
| Gross margin | 69.0% | 67.8% | - | - |
| Operating profit | 4,519 | 4,206 | 7.5% | 30.6 |
| Net profit | 3,130 | 3,018 | 3.7% | 21.2 |
Quick Co. Ltd provides recruitment advertising and dispatch (temporary staffing) services in Japan with overseas offices in the US, Vietnam and Mexico.
Revenue in the human resources business was up 8.3% over the year. Revenue in the recruiting business fell by 3.6% over the year. Revenue in the information publishing business was up 7.8% year-on-year. Meanwhile, sales in the HR platform business was down 27.3% over the year.
Revenue in the overseas business was up 31.8% compared to the same period last year.
Looking ahead the company forecasted revenue of JPY 30.00 billion (USD 203.0 million) for the year ended 31 March 2024.
Quick Co Ltd set a new 52-week high during today's trading session when it reached JPY 2,635.00 (USD 17.83). Over this period, the share price is up 38.32%. The company last traded at JPY 2,635 (USD 17.83), up 2.05% on the day. The company has a market cap of JPY 49.31 billion (USD 333.7 million).