Japan-based staffing firm Fullcast Holdings (4848: JP) reported revenue on 8 November of JPY 50.52 billion (USD 332.5 million) for the third quarter ended 30 September 2024, a 0.3% increase compared to last year.

The group saw a drop in Covid-19-related special demand. The subsidiary BOD (offering back office BPO services) has been excluded from the scope of consolidation from the first half of the current fiscal year. It also saw a drop in demand from the My Number Management service (business process outsourcing).

Fullcast provides short-term human resources placement, payroll service outsourcing, and long-term human resources dispatching. In the short-term operational support business, the company supports the following sectors: distribution, warehouse work, relocation, manufacturing, catering, sales promotion, call centres, and offices.

Revenue in the short-term operational support business decreased by 6.7% year-on-year. Revenue in the sales support business increased by 7.9% year-on-year. Revenue in the restaurant business increased by 125.1% year-on-year. Meanwhile, revenue in the security and other businesses increased by 0.8% year-on-year.

Looking ahead, the company forecasted revenue of JPY 70.50 billion (USD 458.62 million).

Fullcast shares closed on 8 November at JPY 1,503 (USD 9.78), down 2.84% on the day. The company has a market cap of JPY 53.91 billion (USD 350.70 million).