Tsunagu Holdings full-year revenue ticks up 9.1%
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Tsunagu Holdings (6551:JP), a Japan-based company offering recruitment related services, reported revenue on 7 November for the full year ended 30 September 2024 of JPY 16.38 billion (USD 106.4 million), an increase of 9.1% when compared to the same period last year.
(JPY million) | FY 2024 | FY 2023 | % change | FY 2024 (USD millions) |
Revenue | 16,388 | 15,027 | 9.1% | 106.4 |
Gross profit | 7,168 | 6,651 | 7.8% | 46.5 |
Gross margin | 43.7% | 44.2% | - | - |
Operating Income | 629 | 443 | 42.1% | 4.0 |
Net income | 358 | 132 | 171.0% | 2.3 |
Tsunagu engages in staff support and employment placement services. It provides recruitment support, corporate event outsourcing, job lead media operation, recruitment training, and other services.
The Human Capital Business saw revenue rise by 7.6% year-on-year. Revenue in the Staffing Business increased by 12.1%. The Other Business is a business segment not included in the reportable segments and is contracted to its subsidiary for management and administrative services. This business was down 66.0%.
Looking ahead, the company forecasted revenue of JPY 20.00 billion (USD 129.9 million) for the year ended 30 September 2024.
Tsunagu Group Holdings shares closed at JPY 649.00 (USD 4.22), down 0.92% on the day and 25.05% above the 52-week low of JPY 519.00 (USD 3.37) set on 7 August 2024. The company has a market cap of JPY 5.66 billion (USD 36.7 million).