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View All NewsZIGExN Q4 and full year revenue on the rise
Japan-based ZIGExN Co., Ltd., which is focused on human resources, reported revenue today of JPY 23.24 billion (USD 149.2 million) for the full year ended 31 March 2024, up 24.3% over the prior year.
EBITDA stood at JPY 6.78 billion (USD 43.5 million), up 27.1% over the year.
ZIGExN Group also reported Q4 revenue of JPY 6.32 billion (USD 40.5 million), up 13.2% over the year. EBITDA rose by 13.8% while operating income increased by 16.8%. The group said revenue and profit indicators have reached their highest levels ever in a quarter.
Full year results
| (JPY millions) | FY 2024 | FY 2023 | Change | FY 2024 (USD millions) |
| Revenue | 23,249 | 18,709 | 24.3% | 149.2 |
| EBITDA | 6,781 | 5,334 | 27.1% | 43.5 |
| Gross profit | 19,323 | 15,550 | 24.2% | 124.0 |
| Gross margin | 83.1% | 83.1% | ||
| Operating income | 5,394 | 4,180 | 29.1% | 34.6 |
| Net income | 3,800 | 2,930 | 29.7% | 24.4 |
The ZIGExN Group's business consists of the life service platform business and others. The life service platform business consists of the core businesses “vertical hr” and “living tech”, and “life service”.
Vertical HR consists of a temporary staffing business, a number of job boards and job placement businesses.
In the fourth quarter, revenue in Vertical HR was up 19.6%. Living tech revenue fell slightly by 1.3% while revenue in life services rose by 17.2%.
Looking ahead the company forecasted revenue of JPY 27.50 billion (USD 176.47 million) for the year ended 31 March 2025.
ZIGExN Co Ltd shares closed at JPY 552.00 (USD 3.54), down 0.18% on the day and 20.00% above the 52-week low of JPY 460.00 (USD 2.95) set on 24 October 2023. The company has a market cap of JPY 61.77 billion (USD 396.4 million).