Japan-based recruitment and job information provider En-Japan Inc (4849: TYO) reported revenue earlier this month of JPY 48.42 billion (USD 314.8 million) for the first nine months 31 December 2024, a decrease of 2.6% compared to last year.

Revenue was impacted by the longer-than-expected time required for the organisational integration implemented at the beginning of the quarter, the overseas business environment, and other factors.

Furthermore, as a result of a decrease in advertising expenses due to improved efficiency in the investment businesses and job boards, operating income increased 48.6%.

Profit attributable to owners of parent was up 168.6% as a result of recording a gain on the sale of investment securities of JPY 5.43 billion (USD 35.3 million) in extraordinary income due to the sale of the shares of Timee in the second quarter.

Revenue in the company’s recruitment support tool, engage, grew due to a rising number of job seekers and paid-for job offers as a result of continued investment in advertising expenses. Revenue was up 40.7%.

For the human resources platform, the number of user companies and that of job offers grew steadily due to aggressive investment to date, resulting in an increase of 13.1%.

In the domestic job board business, revenue was down as a result of the decrease in the number of job listings due to organisational integration with engage and the narrowing of the job board en Tenshoku’s focus areas. Revenue fell 14.2%.

Domestic recruitment was up 0.7% while in the domestic other segment, en SX, which operates a sales support business, and the retention support business achieved growth, resulting in an increase of 48.7%.

Within the overseas/IT engineer temporary staffing in India business, revenue was down 16.5%. IT temporary staffing in India experienced a decrease in net sales due to weak demand in North America, the mainstay market, although global IT demand remained strong.

In Vietnam, the domestic demand did not improve and hiring demand remained weak, resulting in a decrease of 1.4% in net sales

In January, the company announced the acquisition of Vollect, an RPO firm also based in Japan.

Looking ahead, the company forecasted revenue of JPY 65.80 billion (USD 427.89) for the full year 31 March 2025.

En Japan shares closed on 13 February at JPY 1,936 (USD 12.59), down 0.05% on the day. The company has a market cap of JPY 96.25 billion (USD 625.9 million).