Open Up Group Q1 revenue climbs 17%, with profits up
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Japanese technical staffing firm Open Up Group (2154: JP), previously known as BeNext-Yumeshin, reported revenue on 8 November of JPY 48.3 billion (USD 317.6 million) for the three-month period ended 30 September 2024, up 17% over the year.
(JPY millions) | Q1 2025 | Q1 2024 | Change | Q1 2025 (USD millions) |
Revenue | 48,366 | 41,329 | 17.0% | 317.6 |
Gross Profit | 11,727 | 9,730 | 20.5% | 77.0 |
Gross Margin | 24.2% | 23.5% | - | - |
Operating Profit | 4,149 | 3,243 | 27.9% | 27.2 |
Profit before tax | 3,971 | 3,244 | 22.4% | 26.0 |
Profit attributable to owners of parent | 2,387 | 2,276 | 4.9% | 15.6 |
Revenue in the machinery, electronics and IT software segment rose by 15.2%, while revenue in the construction segment increased by 19.1%. Revenue in the overseas segment was up 18.3% over the year. The others segment includes an online programming learning service and personnel referral business, as well as various types of services. Revenue in this segment increased by 32.3%.
Looking ahead, the company forecasted revenue of JPY 193.0 billion (USD 1.26 billion) for the year ended 30 June 2025.
Open Up Group shares closed at JPY 1,940.00 (USD 12.74), down 2.22% on the day and 22.17% above the 52-week low of JPY 1,588.00 (USD 10.43) set on 5 August 2024. The company has a market cap of JPY 182.09 billion (USD 1.19 billion).