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View All NewsTwoStone & Son Q1 revenue climbs 43.6%
TwoStone & Son (7352: TYO), previously known as Branding Engineer, reported revenue on Friday of JPY 3.21 billion (USD 22.2 million) for the first quarter ended 30 November 2023, an increase of 43.6% over the prior year.
(JPY millions) | Q1 2023 | Q1 2022 | Change | Q1 2023 |
Revenue | 3,219 | 2,241 | 43.6% | 22.2 |
Gross Profit | 886 | 595 | 48.7% | 6.1 |
Gross Margin | 27.5% | 26.6% | - | - |
Operating Income | 59 | 49 | 20.5% | 0.4 |
Net Income | 28 | 29 | -2.9% | 0.2 |
TwoStone & Sons Inc is a Japan-based company mainly engaged in the provision of information technology engineer resources and digital marketing. The company operates through two segments. Engineer Platform Service segment is engaged in the Midworks business, which operates a matching platform service between IT engineers and companies that want to develop IT services and systems for their own use. The Marketing Platform Service segment is engaged in the media business of operating multiple media centred on information dissemination media for IT engineers and business people.
Looking ahead the company forecasted revenue of JPY 13.22 billion (USD 91.25 million) for the year ended 31 August 2024.
TwoStone & Sons shares closed on Friday at JPY 2,214.00 (USD 15.28), up 2.12% on the day and down 2.89% below its 52-week high of JPY 2,280.00 (USD 15.74), set on 25 December 2023. The company has a market cap of JPY 45.50 billion (USD 314.1 million).