Japanese staffing firm JAC Recruitment (2124: TYO) reported revenue on 12 February for the full year ended 31 December 2024 of JPY 39.15 billion (USD 254.9 million), an increase of 13.6% compared to the previous year.

JAC Recruitment provides recruitment services to local enterprises and multinationals in Japan and other parts of Asia as well as the UK. The company provides skilled permanent employees ranging from assistant level personnel to executives and various specialists. It also offers Japanese speaking and multilingual specialists, as well as online job listing services.

The company said profit attributable to owners of parent fell short of the forecast due to the impact of impairment losses on non-current assets, including goodwill, at domestic and overseas subsidiaries and associates.

By segment, the domestic recruitment business, the domestic job offer advertising business, and the overseas business had increases of 14.9%, 24.6%, and 1.8% year-on-year, respectively.

“While the talent markets in Europe and Asia show signs of contraction due to uncertainties in the global economic outlook, recruitment demand continues in Japan, driven by the declining working population,” the company stated in a press release. “In light of this, in fiscal 2025, we will advance further concentration and cultivation, focusing on high-value transactions in favourable markets and expansion in local markets, mainly in the Domestic Recruitment Business.”

Looking ahead the company forecasted revenue of JPY 44.90 billion (USD 292.3 million) for the year ended 31 December 2025.

JAC Recruitment shares closed at JPY 665.00 (USD 4.33), up 0.61% on the day and 12.90% above the 52-week low of JPY 589.00 (USD 3.83) set on 5 August 2024. The company has a market cap of JPY 109.43 billion (USD 712.44 million).