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Japan – Trust Tech reports Q1 growth

08 November 2013

Japanese technical recruiter Trust Tech Inc., (2154: JP) reported revenue of JPY 4 billion (USD 40.6 million) for the first quarter ending 30 September 2013, an increase of +7.9% from JPY 3.7 billion (USD 37.5 million) last year.

The company reported an operating profit of JPY 256 million (USD 2.6 million), a rise of +111% from JPY 121 million (USD 1.2 million) during Q1 2012. Trust Tech achieved a pre-tax profit for the three months of JPY 266 million (USD 2.7 million), growth of +99.7% from JPY 133 million (USD 1.3 million) a year ago.

Trust Tech reported net income for the period of JPY 160 million (USD 1.6 million), equating to year-on-year growth of +110.2% compared with JPY 76 million (USD 770,510) last year.

Trust Tech Inc. engages in staffing and subcontracting activities in the technology sector primarily in Japan. The company offers temporary staffing services for engineers; staffing services in manufacturing field; jobs for handicapped people; and provisional recruiting and recruiting services. It is also involved in subcontracting and outsourcing business operations; securing workers; and other activities. The company was founded in 1959 and is based in Tokyo, Japan.

In trading today, the company’s share price reported no change from JPY 931 (USD 9.44), an increase of +95.3% compared with a year ago. Based on its share price, the company has a current market value of JPY 8.86 billion (USD 89.8 million).

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