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Japan – Quick Co reports H1 improvement

31 October 2013

Japanese recruitment firm Quick Co Ltd (4318: JP) reported revenue of JPY 5 billion (USD 50.9 million) for the six months ending 30 September 2013, an increase of +15.4% compared with revenue of JPY 4.33 billion (USD 44.1 million) last year.

The company reported an operating profit for the period of JPY 906 million (USD 9.2 million), a rise of +43.2% compared with an operating profit of JPY 632 million (USD 6.4 million) last year. Quick Co reported a pre-tax profit of JPY 938 million (USD 9.5 million) for the first half of the year, an increase of +37.5% compared with a pre-tax profit of JPY 683 million (USD 6.95 million) a year ago.

The company reported a net income of JPY 592 million (USD 6 million) for the period, an increase of +42.3% compared with JPY 416 million (USD 4.2 million) for the same period in 2012.     

Looking forward, the company predicts that revenue for the full year ending 31 March 2014 will reach JPY 9.5 billion (USD 96.7 million), a year-on-year rise of +9.1%. The company expects to report an operating profit of JPY 820 million (USD 8.3 million), a year-on-year improvement of +24.6%. Net income for the year is expected to reach JPY 537 million (USD 5.5 million), representing a+13.5% increase when compared with the preceding year.  

In trading today, the company’s share price remained unchanged at JPY 451 (USD 4.59), an increase of +108% compared with a year ago. Based on its current share price, the company has a market value of JPY 8.6 billion (USD 87.5 million).   

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