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Japan – Like Co Ltd full year revenue rises but profits decrease

12 July 2019

Japan-based staffing firm Like Co Ltd (2462: JP), previously known as J-Com Holdings, reported revenue for the full year ended 31 May 2019 of JPY 47.79 billion (USD 440.7 million), up 4.7% when compared to last year.

(JPY millions) FY 2019 FY 2018 Change 9 months 2018 (USD millions)
Revenue 47,797 45,663 4.7% 440.7
Operating Profit 1,746 1,915 -8.8% 16.1
Net Income 1,595 1,532 4.1% 14.7

Like Co Ltd provides general worker dispatching and employment placement services. The company also provides outsourcing staffing, recruitment, and education support services for the mobile phone sales industry in Japan.

The company forecasted revenue for the year ended 31 May 2020 of JPY 53.50 billion (USD 493.3 million).

In trading today Like Co Ltd shares closed at JPY 1,459.00 (USD 13.45), down 3.63% on the day and 25.75% below its 52-week high of JPY 1,965.00 (USD 18.12), set on 18 July 2018. Based on its current share price the company has a market value of JPY 30.51 billion (USD 281.3 million).

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