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Japan – Media5 reports year-on-year improvement

11 October 2013

Recruitment firm Media5 Co (3824: JP) reported revenue for the first quarter ending 31 August 2013 of JPY 262 million (USD 2.7 million), an increase of +% from JPY 231 million (USD 2.4 million) a year ago. Net loss for the period was JPY 4 million (USD 40,880), on par with net loss for the same period last year.

The company’s operating income and pre-tax income reported improvement, year-on-year. During the first quarter both reported a break-even result, compared with an operating loss of JPY 3 million (USD 30,660) and an pre-tax loss of 3 million during the first quarter of 2012.

Media5 Co is an employment agency for engineers in the IT industry. The company also develops software.

Projected revenue for the full year ending 31 May 2014 is JPY 1 billion (USD 10.2 million). The company expects an operating profit of JPY 21 million (USD 214,640) and a pre-tax profit of JPY 21 million (USD 214,640). Net profit for the year is predicted to be JPY 18 million (USD 183,975).

In trading today, the company’s share price reported no movement, closing at JPY 294 (USD 2.99), an increase of +13.1% compared with a year ago. Based on its current share price, the company has a market value of JPY 262.7 million (USD 2.7 million).     

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