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Like Co revenue up slightly despite fall in HR services business

Like Co revenue up slightly despite fall in HR services business

Danny Romero
| January 15, 2025

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Japanese staffing firm Like Co Ltd (2462: JP) reported revenue on 14 January for the first six months ended 30 November 2024 of JPY 29.05 billion (USD 185.1 million), up 0.6% when compared to the previous year. Profits fell during the period.

(JPY millions)

H1 2024

H1 2023

Change

H1 2024

Revenue

29,057

28,879

0.6%

185.1

Gross Profit

3,417

3,632

29.8%

21.7

Gross Margin

11.7%

12.6%

-

-

Operating Income

725

806

-10.0%

4.6

Net Income

440

689

-36.2%

2.8

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

In the HR services business, which includes Like Staffing, revenue was down 9.3%.

Revenue in the childcare business rose by 7.7%. Revenue in the nursing care-related business was up 4.5% year-on-year.

Looking ahead the company forecasted revenue of JPY 63.00 billion (USD 401.3 million) for the year ended 31 May 2025.

Like shares closed on 14 January at JPY 1,428 (USD 9.10), up 0.9% on the day. The company has a market cap of JPY 29.22 billion (USD 186.14 million).