Japan – JTec Corp revenue rises 1.6%

Filed under: News |

By memberservices@staffingindustry.com (Danny Romero)

Japanese staffing company JTec Corp. (2479: JP) reported revenue for the nine months ending 31 December 2016 of JPY 2.51 billion (USD 22.0 million), an increase of 1.6% compared with revenue of JPY 2.47 billion (USD 20.3 million) last year.

9 months ending 31 Dec 2016
USD
9 months ending 31 Dec 2015
Change
Revenue
JPY 2,507 million
22.0 million
JPY 2,467 million
1.6%
Operating Income
JPY 66 million
0.5 million
JPY 17 million
283.2%
Net Income
JPY 50 million
0.4 million
JPY 13 million
275.6%

JTec offers outsourcing service for technical personnel especially in technology field. The company provides mechanical, electronic, and software engineering technicians. JTec also offers electric and electronic design, and software development on contract basis.

The company also forecasted revenue for the year ending March 2017 of JPY 3.69 billion (USD 32.4 million).

On Tuesday, JTec Corp closed at JPY 299.00 (USD 2.62), up 1.01% on the day and 81.21% above the 52-week low of JPY 165.00 (USD 1.45) set on 24 June 2016. Based on its current share price, the company has a market value of JPY 2.54 billion (22.3 million).

Source:: Japan – JTec Corp revenue rises 1.6%

      

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