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JTec Corp revenue rises 3.2% amid ongoing staffing business suspension

JTec Corp revenue rises 3.2% amid ongoing staffing business suspension

Danny Romero
| January 31, 2025

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Japanese staffing company JTec Corp. (2479: JP) reported revenue on 31 January 2025 for the nine months ended 31 December 2024 of JPY 2.53 billion (USD 16.3 million), an increase of 3.2% compared with last year.

(JPY millions)

9 months 2024

9 months 2023

Change

9 months 2024 (USD millions)

Revenue

2,533

2,454

3.2%

16.3

Gross profit

895

784

14.2%

5.8

Gross margin

35.3%

31.9%

-

-

Operating profit

230

162

42.0%

1.5

Net Income

149

103

44.0%

0.9

JTec Corp offers outsourcing for technical personnel especially in technology, providing mechanical, electronic, and software engineering technicians. JTec also offers electric and electronic design, and software development on a contract basis.

Within the general staffing and engineer staffing business, the group said during the previous consolidated accounting period, some operations were suspended due to the impact of the COVID-19 pandemic, but all operations have been suspended since this fiscal year.

In the technical intellectual property leasing business, the company reported a 4.1% increase from the same period last year.

Looking ahead the company forecasted revenue of JPY 3.75 billion (USD 24.2 million) for the year ended 31 March 2025.

JTec Corp shares closed at JPY 250.00 (USD 1.62), up 5.04% on the day and 14.97% below its 52-week high of JPY 294.00 (USD 1.90), set on 31 January 2024. The company has a market cap of JPY 2.04 billion (USD 13.2 million).