Forum Engineering (7088: TYO), a Tokyo-based provider of engineering staffing, reported net sales rose 10.5% year over year in its fiscal first quarter ended 30 June.

Business confidence at large manufacturers — the main customers of the company — continued on a recovery track in the first quarter, according to Forum Engineering’s earnings report. It noted that demand for engineering staffing has recovered to its pre-pandemic level.

The company also reported profit before income taxes for the first quarter rose 76.0% to JPY 1.16 billion (USD 7 million) because of an increase in the number of utilized engineers, an increase in staffing rates, lower expenses and an increase in contracts with new graduates.

Results were released on 9 August.

Forum Engineering - Q1 2025

Guidance

Forum Engineering forecast net sales will rise by 9.7% in its full fiscal year.

Share Price

Shares in Forum Engineering closed up 3.17% in Tokyo on 9 August to JPY 945.00 (USD 6.44). They were 11.60% below their 52-week high.