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Japan – Recruiter Nichii Gakkan posts forecasts

08 February 2013

Japan-based healthcare staffing firm Nichii Gakkan (9792:TYO) reported its full-year forecasts on Friday for the 12 months running to March 2013. The company, among the five-largest recruiters in Japan, projects full-year revenues of USD 2.1 billion (JPY 266.80 billion).

Nichii Gakkan has also forecast an operating profit of USD 76.9 million (JPY 7.20 billion) and a net profit of USD 30.0 million (JPY 2.90 billion). 

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

In today’s trading session, the company’s share price price fell -1% to JPY 794, down -16% from a year ago and +33% above the 52-week low of JPY 595.00 seen last winter. Based on its stock price, the firm has a market value of USD 625.9 million (JPY 58.56 billion).

Japanese staffing companies Meitec Corp. and Jac Recruitment  yesterday posted healthy quarterly profits despite economic uncertainty which is impacting the local recruitment market. 

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