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Recruitment firm J-Com Holdings Ltd (2462: JP) reported revenue for the first quarter ending 31 August 2013 of JPY 3.12 billion (USD 31.9 million), a decline of -26.8% compared with JPY 4.26 billion (USD 43.5 million) a year ago. The company’s operating profit for the period declined significantly year-on-year, by -54.6% to JPY 120 million (USD 1.2 million) from JPY 264 million (USD 2.7 million).
Pre-tax profit for the period was JPY 158 million (USD 1.6 million) a fall of -49.2% from a pre-tax profit of JPY 311 million (USD 3.2 million) last year. Net profit for the period also fell substantially by -51.3% to JPY 98 million (USD 1 million) from JPY 201 million (USD 2.05 million).
Founded in Osaka, Japan in 1993, the company offers temporary staffing, outsourcing staffing, and recruitment.
The company’s forecast for the full year ending 31 May 2014, predicts revenue of JPY 15 billion (USD 153.3 million). The company expects to reach an operating profit of JPY 800 million (USD 8.2 million) and a pre-tax profit of JPY 920 million (USD 9.4 million). Net profit for the period is expected to reach JPY 600 million (USD 6.1 million).
In trading today, the company’s share price moved +1.5% before falling back to yesterday's overnight close of JPY 837 (USD 8.55 million), an increase of +22.6% compared with a year ago. Based on its share price, the company has a current market value of JPY 8.3 billion (USD 84.8 million).