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Japan – S-Pool reports Q3 growth

04 October 2013

Japan-based staffing business S-Pool (2471: HS) reported revenue during the third quarter ending 31 August 2013 of JPY 3.95 billion (USD 40.5 million), up by +6.2% compared with revenue of JPY 3.7 billion (USD 37.9 million) for the same period last year.

The company reported an operating income of JPY 55 million (USD 564,033), an increase of +85.1% compared with an operating income of JPY 29 million (USD 297,399) a year ago. The company’s pre-tax profit for the period rose by +120.5% to JPY 44 million (USD 451,227) up from JPY 20 million (USD 205,103) during Q3 2012.

The company’s net income for the period rose to JPY 34 million (USD 348,675) from JPY 5 million (USD 51,275), year-on-year. 

The company’s forecasted results for the year ending 30 November 2013 remain unchanged. Company revenue is expected to be JPY 5.26 million (USD 53.9 million). S-Pool has predicted an operating income of JPY 80 million (USD 820,412) and a pre-tax profit of JPY 66 million (USD 676,840). Net income for the period is expected to be JPY 50 million (USD 512,757).

In trading today, the company’s share price rose +1.1% to JPY 1,310 (USD 13.43), an increase of +455.1% compared with a year ago. Based on its share price, the company has a current market value of JPY 3.38 billion (USD 34.7 million).    

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