Gakujo 9-month revenue rises 21.5%
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Japanese recruitment firm Gakujo Co. (2301: JP) reported revenue on 9 September 2024 for the nine months ended 31 July 2024 of JPY 7.00 billion (USD 48.9 million), up 21.5% over the same period a year ago.
(JPY millions) | 9 months 2024 | 9 months 2023 | Change | 9 months 2024 (USD millions) |
Revenue | 7,006 | 5,766 | 21.5% | 48.9 |
Gross profit | 4,469 | 3,783 | 18.1% | 31.2 |
Gross margin | 63.8% | 65.6% | - | - |
Operating income | 1,283 | 1,323 | -3.0% | 8.9 |
Net income | 1,158 | 1,036 | 11.8% | 8.0 |
Gakujo provides human resources and recruitment services in Japan. It is involved in college campus recruiting, mid-career recruitment, and business recruitment activities. The company also provides staffing services for small and medium-sized venture companies.
Looking ahead, the company forecasted revenue of JPY 10.40 billion for the year ended 31 October 2024.
Gakujo shares closed at JPY 1,676 (USD 11.70), down 0.6% on the day. The company has a market cap of JPY 25.33 billion (USD 176.78 million).