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Japan – Altech reports revenue up 13%

08 November 2016

Japanese technical staffing firm Altech (4641: JP) reported revenue for the nine months ending 30 September 2016 of JPY 18.85 billion (USD 180.3 million), an increase of 13.4% compared with JPY 16.62 billion (USD 134.9 million) during the same period last year.

  9 months ending 30 Sep 2016 USD 9 months ending 30 Sep 2015 USD Change
Revenue JPY 18.85 billion 180.3 million JPY 16.62 billion 134.9 million 13.4%
Operating Income JPY 2.03 billion 19.4 million JPY 1.42 billion 11.5 million 43%
Net Income JPY 1.43 billion 13.7 million JPY 897 million 7.3 million 59%

Altech Corporation, together with its subsidiaries, provides professional staffing services in the technical sector, primarily in Japan. The company also provides total staffing solutions for the healthcare sector and operates and manages private residential homes with nursing care.

The company also released a forecast for the year ending 31 December 2016 of 24.9 billion (USD 238.2 million).

In trading today, Altech Corp closed at JPY 2,216.00 (USD 21.2), up 1.19% on the day and 16.88% below its 52-week high of JPY 2,666.00 (USD 25.5), set on 9 December 2015. Based on its current share price the company has a market value of JPY 24.63 billion (USD 235.6 million).

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