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Japan – En-Japan upgrades H1 forecast

25 October 2013

One of Japan’s largest online recruiters, En-Japan Inc. (4849: JP) have released an amended forecast for the company’s financial results for the six months ending 30 September 2013. According to the amended results, En-Japan’s performance surpassed prior expectations.

The company had expected revenue for H1 2013 to reach JPY 7.27 billion (USD 74.7 million), and have upgraded this forecast to predict revenue of JPY 7.49 billion (USD 76.9 million). En-Japan’s operating profit is now expected to be JPY 1.62 billion (USD 16.6 million), an increase of +43.4% compared with the previously anticipated JPY 1.13 billion (USD 11.6 million). 

The company now expects to report a pre-tax profit of JPY 1.83 billion (USD 18.8 million), an increase of +53.8% compared with the predicted JPY 1.19 billion (USD 12.2 million). Net profit for the period has now been forecast to reach JPY 2.32 billion (USD 23.8 million) compared with JPY 1.93 billion (USD 19.8 million), equating to an increase of +20.2%.

In trading today, the company’s share price rose by +1.6% to JPY 2,089 (USD 21.45), an increase of +168.9% compared with a year ago. Based on its current share price, the company has a market value of JPY 51.5 billion (USD 528.9 million).      

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