Jaic H1 revenue climbs 13.6% while profits jump
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Jaic (7073: TYO), a Japan-based professional services firm primarily engaged in education-integrated recruitment services, reported revenue today for the first six months ended 31 July 2024 of JPY 2.07 billion (USD 14.7 million), an increase of 13.6% compared to the same period last year.
(JPY millions) | H1 2024 | H1 2023 | Change | |
Revenue | 2,070 | 1,822 | 13.6% | 14.7 |
Gross profit | 1,777 | 1,669 | 6.5% | 12.6 |
Gross margin | 85.8% | 91.6% | - | - |
EBITDA | 140 | 96 | 45.1% | 0.9 |
Operating profit | 66 | 22 | 196.6% | 0.4 |
Net profit | 24 | 1 | 1,887.9% | 0.1 |
The group’s college business saw revenue rise by 3.4% year-on-year. Revenue in the new graduate business saw revenue climb by 25.0%. The education and training business reported a revenue increase of 17.2%.
Looking ahead the company forecasted revenue of JPY 4.18 billion (USD 29.6 million) for the year ended 31 January 2025.
Jaic Co shares closed today at JPY 2,374.00 (USD 16.82), up 20.26% on the day and 57.11% above the 52 week low of JPY 1,511.00 (USD 10.70) set on 5 August 2024. The company has a market cap of JPY 1.84 billion (USD 13.0 million).