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Japan –Nichii Gakkan revenue and net profits up

07 August 2013

Japan-based healthcare outsourcing company Nichii Gakkan (9792: TYO) announced increased revenue during the first quarter ending 30 June 2013 to JPY 68.16 billion (USD 694.9 million), compared with JPY 65.64 billion (USD 669.3 million) during the same period last year, an increase of +3.8%. 

The company provides a range of healthcare services but its staffing operations makes it one of the five largest recruitment firms in Japan,

Net profit also increased during the period from JPY 613 million (USD 6.25 million) during the first quarter of 2012 to JPY 1.05 billion (USD 10.7 million) this year, a substantial increase of +71.2% from a year ago.    

Operating profit for the period fell to JPY 1.73 billion (USD 17.6 million) from JPY 1.86 billion (USD 18.97 million) a year ago, equating to a drop of -6.98%. Pre-tax profit also fell during the period; to JPY 1.37 billion (USD 13.97 million) during Q1 2013 from JPY 1.67 billion (USD 17 million) in Q1 2012, a fall of -17.9%.

Nichii Gakkan also released a forecast for the full year up to 31 March 2014 predicting that full-year revenue will be JPY 277.6 billion (USD 2.83 billion).  Group net profit for the full year is expected to be JPY 4.5 billion (USD 45.9 million) following pre-tax profit of JPY 8 billion (USD 81.6 million). The healthcare recruiter anticipates operating profit of JPY 9 billion (USD 91.8 million). 

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