Media Five (3824: JP), a staffing firm in Japan that provides engineers to the IT industry, reported revenue yesterday for the six months ended 30 November 2024 of JPY 919 million (USD 5.8 million), down 2.0% compared to last year.

Media Five operates two primary business segments: Business-to-Business, which includes the company’s staffing operations; and Business-to-Consumer, which involves software and project development. In addition to those businesses, Media Five also operates a construction business.

Revenue in SES (System Engineering Services), the company’s main business, the group said it acquired new clients and negotiated contract prices with existing clients, against the backdrop of increasing demand for IT engineers. The group said the business has focused on developing advanced IT personnel and improving technical skills, as well as strategically reassigning employees. The group reported a 0.6% increase in revenue in the segment.

In the solutions business, the group has steadily received orders for medium- and small-scale system development projects. Revenue was down 7.0%.

The construction business saw revenue fall by 26%.

In November 2024, the company transferred all shares held by its consolidated subsidiary Takumi Kobo. As a result, the group no longer has consolidated subsidiaries and will transition to non-consolidated financial statements from the third quarter of the fiscal year ending May 2025.

The company is forecasting revenue of JPY 1.76 billion (USD 11.1 million) for the year ended 31 May 2025.

Shares last traded on 8 January 2025, prior to publication of the company’s results.