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Japan – Livesense reports substantial Q3 improvement

13 November 2013

Japanese online recruitment firm, Livesense Inc. (6054: JP) reported revenue of JPY 1.1 billion (USD 11.05 million) for the third quarter ending 30 September 2013, an increase of +90.6% compared with JPY 570.6 million (USD 5.7 million) last year.

The company attributed their substantial growth to increases in the number of online job listings. This was achieved through promotional efforts; including approaching regions with low usage levels and promoting greater use among current corporate customers. The company has also recently changed the pricing for its service provision.

Gross profit for the period rose by +94.1% to JPY 992.7 million (USD 10 million), up from JPY 511.4 million (USD 5.1 million) in 2012. The company reported a pre-tax profit of JPY 359.4 million (USD 3.6 million), a rise of +87% compared with JPY 192.1 million (USD 1.9 million) a year ago.

Livesense reported a net profit for the three months of JPY 203.2 million (USD 2 million), equating to a year-on-year rise of +105.4% from a net income of JPY 98.9 million (USD 993,440) for the same period last year.

The company’s recruitment websites; Jobsense (part-time), Jobsense Link (full-time), and Jobsense Haken (temporary), account for 87.6% of the company’s total revenue. Recruitment revenue doubled, year-on-year, to JPY 956 million (USD 9.6 million), but was weaker than the preceding quarter due to seasonal factors.

In addition to providing online job boards, Livesense also provides accommodation rental information and web marketing consultation services. 

In trading today, the company’s share price rose by +3% to JPY 5,080 (USD 51.03), an increase of +134.9% compared with a year ago. Based on its share price, the company has a current market value of JPY 70.4 billion (USD 707.2 million).    

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