ZIGExN revenue rises 9.6%, profits up
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ZIGExN (TYO: 3679), a self-styled ‘Life Service Platform’, reported revenue on 7 February of JPY 18.53 billion (USD 121.8 million) for the nine months ended 30 December 2024, up 9.6% when compared to the same period a year ago.
(JPY millions) | 9 months 2024 | 2023 | Change | H1 2024 (USD millions) |
Revenue | 18,537 | 16,920 | 9.6% | 121.8 |
EBITDA | 5,143 | 4,802 | 7.1% | 33.8 |
Gross profit | 15,188 | 14,020 | 8.8% | 99.8 |
Gross margin | 81.9% | 82.8% | - | - |
Operating income | 4,118 | 3,860 | 6.7% | 27.0 |
Income before income tax | 4,106 | 3,843 | 6.8% | 26.9 |
Net income attributable to owners of the parent company | 2,800 | 2,775 | 0.9% | 18.4 |
ZIGExN operates several specialist recruitment brands and HR services alongside other online services.
The vertical HR business consists of Rejob, which operates a job portal specialising in the fields of beauty and health care; MIRAxS, which operates a job placement and temporary staffing businesses in the nursing care and childcare fields; Upbase, which operates a job placement business specialising in the field of construction; and Real Estate Works a job placement business specialising in the field of real estate. It also consists of Ties, which operates a job placement business specialising in the field of manufacturing, and Awesome Agent, which operates a job portal specialising in the field of logistics.
The life service business consists of comparison platforms, while the living tech business consists of real estate-related media.
All segments reported revenue growth in the nine-month period.
Looking ahead, the company forecasted revenue of JPY 25.00 billion (USD 164.34 million) for the year ended 31 March 2025.
Shares in ZIGExN closed on 7 February at JPY 460.00 (USD 3.02), up 0.65% on the day. The company has a market cap of JPY 53.39 billion (USD 350.99 million).