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Japan – PA Co Q1 revenue up 3.3%, but profits decline

15 May 2019

Japanese temporary staffing firm PA Co (4766: JP) reported revenue for the first quarter ended 31 March 2019 of JPY 633 million (USD 5.7 million), up 3.3% compared to the same period last year. 

(JPY millions) Q1 2019 Q1 2018 Change Q1 2019 (USD millions)
Revenue 633 612 3.3% 5.7
Operating Profit 18 31 -41.4% 0.1
Net Income 11 13 -12.0% 0.1

PA Co operates Information Services and Temporary Staffing Services. The Information Services segment publishes free job information magazines and sales promotion information publications; offers sales promotion tools through mobiles, and operates recruitment websites for full-time employers focusing on mobile sites. The group also operates a nursery business.

Looking ahead the company forecasted revenue of JPY 2.7 billion (USD 24.7 million) for the year ended 31 December 2019.

In trading today, PA Co Ltd shares closed at JPY 231.00 (USD 2.11), up 7.44% on the day and 100.87% above the 52 week low of JPY 115.00 (USD 1.05) set on 4 Jan 2019. Based on its current share price the company has a market value of JPY 2.41 billion (USD 22.03 million).


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