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Japan – Nichii Gakkan posts forecasts

27 May 2013

Japan-based healthcare staffing firm Nichii Gakkan (9792:TYO) reported its half-year forecasts for the six months running to September 2013. The company, among the five-largest recruiters in Japan, now projects half-year revenues of USD 1.35 billion (JPY 137.40 billion).

Nichii Gakkan has also forecast an operating profit of USD 35.52 million (JPY 3.60 billion) while the healthcare recruiter expects pre-tax profits of USD 31.57 million (JPY 3.20 billion). Net profit is projected to amount to USD 20.72 million (JPY 2.10 billion), up from a previously announced USD 14.08 million (JPY 1.50 billion).

The firm is a medical services company which operates through a number of major subsidiaries including the provision of temporary agency workers. Its major peers in the Japanese staffing market include Recruit Holdings, Tempstaff, Pasona Group and Adecco, according to research by Staffing Industry Analysts.

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