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Japan – Acquisitions help Fullcast Holdings full year revenue rise of 21.2%

11 February 2019

Fullcast Holdings (4848: JP), the Japanese staffing firm, reported revenue for the full year ending 31 December 2018 of JPY 38.8 billion (USD 352.6 million), an increase of 21.2% compared with the same period last year.

(JPY millions) FY 2018 FY 2017 Change FY 2018 (USD millions)
Revenue 38,852 32,066 21.2% 352.6
Operating Income 5,896 4,424 33.3% 53.5
Net Income 3,310 2,994 10.6% 30.0

Fullcast provides short-term human resources placement, payroll service outsourcing and long-term human resources dispatching. In the short-term operational support business, the company supports the following sectors: distribution, warehouse work, relocation, manufacturing, catering, sales promotion, call centres, and offices.

The company made three acquisitions in 2018. In July 2018, the company made two acquisitions including Minimaid Service Co., Ltd., and DeliArt Co., Ltd. In November 2018, Fullcast acquired Japan-based Actcall Inc., a company that operates membership services, agency business, alliance business and a call centre operation related to real estate services.

Looking ahead, the company announced a forecast of JPY 42.3 billion (USD 383.9 million) for the year ended December 2019.

In trading last week Fullcast shares closed at JPY 1,966 (USD 17.85), up 0.15% on the day. Based on its current share price the company has a market value of JPY 75.66 billion (USD 686.8 million).

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