Interworks Confidence H1 revenue climbs 33.4%
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Interworks Confidence (7374: TYO), a Japanese HR solutions and staffing firm, reported revenue on 8 November for the six-month period ended 30 September 2024 of JPY 4.33 billion (USD 28.1 million), an increase of 33.4% when compared to the prior-year period.
Interworks merged with Confidence in May 2023.
(JPY millions) | H1 2024 | H1 2023 | Change | H1 2024 |
Revenue | 4,335 | 3,249 | 33.4% | 28.1 |
Gross profit | 2,180 | 1,350 | 61.4% | 14.1 |
Gross margin | 50.3% | 41.5% | - | - |
Operating profit | 696 | 561 | 23.9% | 4.5 |
Net profit | 439 | 337 | 30.3% | 2.8 |
Revenue was up in both the HR solutions business recruitment segment and the HR solutions business staffing and contracting. Revenue in media & solutions business also reported an increase.
Looking ahead the company forecasted revenue of JPY 9.00 billion (USD 58.38 million) for the year ended 31 March 2025.
Shares in Interworks Confidence closed on 8 November at JPY 1,682 (USD 10.91), down 1.11% on the day. The company has a market cap of JPY 10.95 billion (USD 71.0 million).