Jaic posts 14.9% revenue growth, driven by broad business expansion
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Jaic (7073: TYO), a Japan-based professional services firm primarily engaged in education-integrated recruitment services, reported revenue on 13 December 2024 for the first nine months ended 31 October 2024 of JPY 3.14 billion (USD 20.4 million), an increase of 14.9% compared to the same period last year.
(JPY millions) | Nine months 2024 | Nine months 2023 | Change | Nine months 2024 (USD millions) |
Revenue | 3,141 | 2,734 | 14.9% | 20.4 |
Gross profit | 2,728 | 2,483 | 9.8% | 17.7 |
Gross margin | 86.8% | 90.8% | - | - |
EBITDA | 269 | 134 | 100.1% | 1.7 |
Operating profit | 158 | 19 | 721.8% | 1.0 |
Net profit | 72 | -17 | - | 0.4 |
Revenue in the new graduate business was up 27.1%, while revenue in the education and training business grew by 17.6%.
Looking ahead, the company forecasted revenue of JPY 4.18 billion (USD 27.2 million) for the year ended 31 January 2025.
Jaic shares closed at JPY 2,313.00 (USD 15.07) on 13 December, down 9.12% on the day and 53.08% above the 52-week low of JPY 1,511.00 (USD 9.85) set on 5 August 2024. The company has a market cap of JPY 2.37 billion (USD 15.4 million).