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View All NewsSMS Co H1 revenue up 17.7% as profits edge up
Revenue rose 17.7% in the six months ended 30 September 2023 at SMS Co. Ltd. (2175:TYO), a Tokyo-based provider of healthcare staffing and elderly care services. SMS reported results last Friday.
| JPY millions) | H1 2023 | H1 2022 | % change | H1 2023 |
| Net sales | 27,474 | 23,334 | 17.7% | 181.1 |
| Gross profit | 24,508 | 20,883 | 6.6% | 161.5 |
| Gross margin | 89.2% | 89.5% | - | - |
| Operating profit | 4,701 | 4,609 | 2.0% | 30.9 |
| Net profit | 4,176 | 4,129 | 1.1% | 27.5 |
Business lines at SMS include recruitment of healthcare professionals, recruitment of elderly care professionals and management support for elderly care operators.
In the career field, both nursing care careers and medical careers have grown significantly due to the strong desire of employers to hire. Revenue rose by 19.3% over the year.
In the field of nursing care providers, Kaipoke, a management support platform for nursing care providers, grew steadily. Overall, revenue increased by 14.4% over the year.
In the overseas field, revenue ticked up 12.1%.
Looking ahead the company forecasted revenue of JPY 54.80 billion (USD 361.3 million) for the year ended 31 March 2024.
SMS shares closed on Friday at JPY 2,355.0 (USD 15.53), up 3.99% on the day. The company has a market cap of JPY 207.52 billion (USD 1.37 billion).