Howtelevision Q2 revenue rises 24.3%
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Howtelevision, a Japan-based company which offers a graduate recruitment platform, reported revenue of JPY 1.14 billion (USD 8.0 million) for the second quarter ended 31 July 2024.
Q2 2024 results
(JPY millions) | Q2 2024 | Q2 2024 (USD millions) |
Revenue | 1,140 | 8.0 |
Gross profit | 966 | 6.8 |
Gross margin | 84.7% | - |
Operating profit | 293 | 2.0 |
Net profit | 184 | 1.3 |
The company did not provide prior year results for comparison. However, last year’s results could be found here which showed revenue of JPY 917 million (USD 6.4 million). Revenue growth in Q2 2024 showed an increase of 24.3%.
Q2 2023 results
(JPY millions) | Q2 2023 | Q2 2023 (USD millions) |
Revenue | 917 | 6.4 |
Gross profit | 749 | 5.3 |
Gross margin | 81.7% | - |
Operating profit | 217 | 1.5 |
Net profit | 155 | 1.1 |
Howtelevision mainly operates its career platform business through the operation and management of the recruiting platform gaishishukatsu.com, Liiga and Elite Youth Recruiting DSP.
Earlier this year the company announced the acquisition of Logrio, an engineer recruitment firm also based in Japan.
Looking ahead the company forecasted revenue of JPY 2.39 billion (USD 16.8 million) for the year ended 31 January 2025.
Howtelevision shares closed at JPY 2,640.00 (USD 18.65), down 0.83% on the day and 32.00% above the 52 week low of JPY 2,000.00 (USD 14.13) set on 7 August 2024. The company has a market cap of JPY 3.63 billion (USD 25.6 million).