Forum Engineering revenue rises 10.9%, profits show improvement
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Forum Engineering Inc. (7088:TYO), a Tokyo-based staffing firm focused on mechanical and electrical engineers, reported on 7 February 2025 revenue of JPY 26.05 billion (USD 171.0 million) in its fiscal first nine-month period ended 30 September 2024, an uptick up 10.9% over the prior year period.
The company said demand for its main engineer dispatch service has recovered to the same high level as before COVID-19.
(JPY millions) | 9 months 2024 | 9 months 2023 | Change | 9 months 2024 |
Revenue | 26,052 | 23,492 | 10.9% | 171.0 |
Gross profit | 8,130 | 7,053 | 15.3% | 53.3 |
Gross margin | 31.2% | 30.0% | - | - |
Operating profit | 3,417 | 2,422 | 41.1% | 22.4 |
Net profit | 2,330 | 1,632 | 42.7% | 15.3 |
Forum Engineering operates an engineer dispatch and introduction business.
Looking ahead, the company forecasted revenue of JPY 34.60 billion (USD 227.20 million) for the year ended 31 March 2025.
Forum Engineering shares closed on 7 February 2025 at JPY 1,033.00 (USD 6.78), down 1.24% on the day. The company has a market cap of JPY 54.01 billion (USD 354.66 million).