Gakujo full-year revenue rises 22.2% while profits rally
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Gakujo Co. Ltd. (2301:TYO), an Osaka, Japan-based firm focused on matching students and younger workers to jobs, reported on 9 December that revenue climbed 22.2% in its fiscal full year ended 31 October 2024.
(JPY millions) | FY 2024 | FY 2023 | Change | FY 2024 (USD million) |
Revenue | 10,730 | 8,784 | 22.2% | 71.3 |
Gross Profit | 7,124 | 5,867 | 21.4% | 47.3 |
Gross Margin | 66.4% | 66.8% | - | - |
Operating Profit | 2,656 | 2,310 | 15.0% | 17.6 |
Net Income | 2,229 | 1,753 | 27.2% | 14.8 |
Gakujo provides human resources and recruitment services in Japan. It involves college campus recruiting, mid-career, and business recruitment activities. The company also provides staffing services for small and medium-sized venture companies.
The company said growth was supported by both jobseekers and companies by providing multiple channels for collecting and disseminating information, including the job-seeking website “Re Job Hunting,” two joint corporate seminars, the job-seeking agent “Re Job Hunting Agent,” and the job-seeking service for experienced IT engineers “Re Job Hunting Tech.”
Looking ahead, the company forecasted revenue of JPY 12.30 billion (USD 81.7 million) for the year ended 31 October 2025.
Shares in Gakujo closed on 9 December at JPY 1,775 (USD 11.80), up 0.74% on the day. The company has a market cap of JPY 27.42 billion (USD 182.30 million).