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Japan – En-Japan reports increased profits

12 August 2013

En-Japan (4849: JP) , one of the country’s largest online recruiters, reported revenue for the second quarter ending 30 June 2013 of JPY 3.65 billion (USD 37.9 million), up from JPY 3.3 billion (USD 34.3 million) for the same period last year. Revenue rose +9.5% quarter-on-quarter.

Operating profit for the period fell by JPY 10 million (USD 103,876); from JPY 723 million (USD 7.5 million) during the second quarter of 2012 to JPY 713 million (USD 7.4 million) this year, equating to a drop of -1.4%.

Pre-tax profit rose by +13.2%; from JPY 782 million (USD 8.1 million) during Q2 2012 to JPY 901 million (USD 9.4 million) during Q2 2013. Net profit more than trebled from a year ago; rising from JPY 467 million (USD 4.9 million) last year to JPY 1.77 billion (USD 18.4 million) this year.

The increase in net profit can be attributed, at least in part, to the acquisition of Vietnamese recruitment service provider Navigos Group. Metric details of the deal were not published when the company was purchased in April 2013; however Navigos Group is behind what is considered to be Vietnam’s largest job site, VietnamWorks.

En-Japan is a provider of HR-related services operating six job search website; including Career Change Info and Career Change Consultant.

In trading today the company’s share price fell -2.17% to JPY 153,500 (USD 1,594), an increase of +101.85 compared with the a year ago. Based on its share price, the company has a current market value of JPY 37.8 billion (USD 393 million). 

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