Jac Recruitment Co. Ltd. (2124:TYO) reported revenue on 11 November 2024 rose 11.3% year-on-year in the first nine months ended 30 September 2024.

Jac Recruitment said Japanese companies were still highly motivated to hire employees. The jobs-to-applicants ratio had not significantly changed recently, thanks partly to the government’s labour mobility measures and promotion of human capital management.

The mobility of job seekers, declining before the pay increases in April, has improved, and the mobility of middle- and high-class human resources, the core target of the company’s business, remains robust, Jac Recruitment stated. Overall, the domestic recruitment business has improved its year-on-year sales growth rate

Regarding the overseas business, market conditions remain difficult, especially in Asia, but the company aims to achieve regrowth and improve profitability by providing services mainly to Japanese companies with strong hiring needs.

In the Domestic Job Offer Advertising Business, the company is seeking to expand sales by shifting to a contingency fee model and increasing contact points with Japanese companies, in addition to foreign companies, while also making sales efforts for direct recruiting by client companies and working on cross-selling through collaboration with the Domestic Recruitment Business.

Revenue by segment

Looking ahead the company forecasted revenue of JPY 39.00 billion (USD 253.2 million) for the year ended 31 December 2024.

Jac Recruitment shares closed on 11 November at JPY 733.00 (USD 4.76), up 0.27% on the day. The company has a market cap of JPY 120.03 billion (USD 779.3 million).