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Like Co full year revenue ticks up 0.8% but profits slip

Like Co full year revenue ticks up 0.8% but profits slip

July 18, 2024
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Japanese staffing firm Like Co Ltd (2462: JP) reported revenue for the full year ended 31 May 2024 of JPY 60.46 billion (USD 387.4 million), up 0.8% when compared to last year. The group reported its results on 12 July.

(JPY millions)

FY 2023

FY 2022

Change

FY 2022 (USD millions)

Revenue

60,469

60,015

0.8%

387.4

Gross Profit

9,245

9,659

-4.3%

59.2

Gross Margin

15.3%

16.1%

-

-

Operating Income

3,333

3,580

-6.9%

21.3

Net Income

2,447

2,568

-21.4%

15.6

Like Co Ltd. provides general worker dispatching and employment placement services. The company also provides outsourcing, recruitment, as well as childcare support services and nursing care related services.

Revenue in the childcare support services business was up 4.7% year on year.

The comprehensive human resources business which includes the subsidiary Like Staffing, saw revenue fall by 4.9% over the year. The nursing-related service business saw revenue increase by 4.7% over the year. Revenue in the ‘others’ segment, which includes the multimedia service business, decreased by 8.2%.

Looking ahead the company forecasted revenue of JPY 63.00 billion (USD 403.65 million) for the year ended 31 May 2025.

Like Co shares on 12 July closed at JPY 1,573.00 (USD 10.08), up 1.68% on the day. The company has a market cap of JPY 27.96 billion (USD 179.14 million).