Artner revenue rises 9.3% while profits climb
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Japanese recruitment firm Artner (2163: JP) reported revenue today on 9 December 2024 for the nine months ended 31 October 2024 of JPY 8.25 billion (USD 52.4 million), an increase of 9.3% when compared to the same period last year.
(JPY millions) | 9 months 2024 | 9 months 2023 | Change | 9 months 2024 (USD millions) |
Revenue | 8,255 | 7,553 | 9.3% | 52.4 |
Gross Profit | 3,079 | 2,682 | 14.8% | 18.6 |
Gross Margin | 37.3% | 35.5% | - | - |
Operating Profit | 1,353 | 1,166 | 16.0% | 8.0 |
Net Income | 951 | 820 | 15.9% | 5.6 |
Artner provides employment recruitment services across Japan, offering permanent, temporary, and contract staffing services. Artner is also involved in the provision of mechanical design, electrical and electronic design, software, and chemical and bio-based research and development services.
Looking ahead, the company forecasted revenue of JPY 10.65 billion (USD 70.7 million) for the year ended 31 January 2025.
Artner shares closed on 9 December at JPY 1,964.00 (USD 13.06), 33.79% above the 52-week low of JPY 1,468.00 (USD 9.76) set on 5 August 2024. The company has a market cap of JPY 20.31 billion (USD 135.01 million).