Quick Co Q1 revenue rises 6.5%, but recruiting business down
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Quick Co. Ltd (4318: JP), a Japanese staffing firm, reported revenue for the first quarter ended 30 June 2024 of JPY 9.57 billion (USD 63.6 million), an increase of 6.5% compared to the previous year.
(JPY millions) | Q1 2025 | Q1 2024 | Change | Q1 2025 (USD millions) |
Revenue | 9,569 | 8,983 | 6.5% | 63.6 |
Gross profit | 7,128 | 6,687 | 6.6% | 47.4 |
Gross margin | 74.5% | 74.4% | - | - |
Operating profit | 3,013 | 3,005 | 0.3% | 20.0 |
Net profit | 2,101 | 2,105 | -0.2% | 13.9 |
Revenue for the human resources services business stood at JPY 7.16 billion (USD 47.6 million), up 4.5% over the year. Revenue in the recruiting business stood at JPY 748 million (USD 4.9 million), down 0.1% over the year. Revenue in the regional information service business was JPY 623 million (USD 4.1 million), down 3.1% over the year.
The HR platform business’s revenue was JPY 396 million (USD 2.6 million), a 4.7% increase compared to the same quarter last year.
Meanwhile, revenue from overseas operations stood at 635 million (USD 4.2 million), up 78.0%.
Looking ahead the company forecasted revenue of JPY 31.67 billion (USD 210.6 million) for the year ended 31 March 2025.
Quick Co shares closed today at JPY 2,173.00 (USD 14.45), up 1.12% on the day and 12.36% above the 52-week low of JPY 1,934.00 (USD 12.86) set on 24 October 2023. The company has a market cap of JPY 41.04 billion (USD 272.98 million).