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Japan-based recruiter Gakujo Co. (2301: JP) issued a trading update for the nine months to 31 July 2013, reporting that revenue rose to JPY 1.87 billion (USD 18.9 million) from JPY 1.71 billion (USD 17.2 million) a year ago. Year-on-year, revenue increased by +9.9%.
Operating profit for the period was JPY 108 million (USD 1.1 million), with no figure provided for the previous year for comparison. Pre-tax profit nearly doubled to JPY 210 million (USD 2.1 million) from JPY 108 million (USD 1.1 million) for the same period last year, an increase of +94%.
Net profit increased substantially, from JPY 23 million (USD 232,000) for the nine months to 31 July 2012, to JPY 127 million (USD 1.3 million) this year.
Gakujo’s forecast for the year ending 31 October 2013 remained unchanged from its forecast in June 2013. Revenue is expected to reach JPY 2.9 billion (USD 29.3 million), an operating profit of JPY 265 million (USD 2.7 million) has also been predicted. Pre-tax profit is anticipated to be JPY 380 million (USD 3.8 million) with net profit of JPY 220 million (USD 2.2 million).
Gakujo offers career, recruitment, staffing, and job placement services for graduates and those in mid-career.
In trading today, the company’s share price rose +2% to JPY 608 (USD 6.13), an increase of +115.8% compared with a year ago. Based on its share price, the company has a current market value of JPY 9.46 billion (USD 95.4 million).