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Japan – JAC Recruitment continues performing well in tough market

08 November 2013

JAC Recruitment (2124: JP) reported revenue during the nine months ending 30 September 2013 of JPY 5.37 billion (USD 54.4 million), an increase of +16.6% compared with revenue of JPY 4.6 billion (USD 46.7 million) for the same period last year.

The company reported an operating profit of JPY 1.515 billion (USD 15.35 million), up by +39.4% compared with JPY 1.09 billion (USD 11.05 million) last year. Pre-tax profit also reported a year-on-year rise, increasing by +38.8% to JPY 1.516 billion (USD 15.37 million) from JPY 1.09 billion (USD 11.05 million).

JAC Recruitment achieved a net income of JPY 904 million (USD 9.2 million), an increase of +70.8% compared with JPY 529 million (USD 5.4 million) a year ago.

JAC Recruitment provides recruitment services to local enterprises and multinationals in Japan, the United Kingdom, and rest of Asia. The company conducts recruitment of skilled permanent employees ranging from assistant level personnel to executives and various specialists. It also offers Japanese speaking and multilingual specialists, as well as online job listing services.

The company attributed its positive results to improved recruitment conditions in the United States and the decision by the IOC to host the 2020 Olympics in Tokyo.

However, in trading today, the company’s share price fell by -1.78% to JPY 3,320 (USD 33.66), an increase of +236.8% compared with last year. Based on its share price, the company has a current market value of JPY 22.85 billion (USD 231.7 million).  


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