JAC Recruitment (2124) Q1 2025 earnings summary

Executive summary

• Revenue and profit for 1Q FY2025 exceeded initial plans, with net sales rising 23.5% YoY to ¥11,793 million and strong YoY growth across all key metrics.

• Operating profit increased 54.2% YoY to ¥3,411 million, and profit attributable to owners of parent grew 55.7% to ¥2,337 million.

• Domestic Recruitment Business, accounting for about 90% of consolidated net sales, achieved record-high revenue and robust recruitment activity, with no slowdown in job seeker mobility.

• The company is enhancing its organizational structure, focusing on high-salary segments, expanding regionally, and investing in human capital and training.

• All segments reported YoY profit increases due to cost reductions and efficiency improvements.

Financial highlights

• Revenue/net sales rose 23.5% YoY to ¥11,793 million; gross profit up 24.1% YoY to ¥10,938 million.

• Operating profit increased 54.2% YoY to ¥3,411 million; EBITDA up 47.0% YoY to ¥3,511 million.

• Ordinary income reached ¥3,424 million (up 54.3% YoY).

• Profit attributable to owners of parent grew 55.7% YoY to ¥2,337 million; EPS ¥14.78 (up from ¥9.41 YoY).

• Comprehensive income was ¥2,291 million (up 46.4% YoY).

Outlook and guidance

• FY2025 forecast unchanged: revenue/net sales expected at ¥44,900 million (+14.7% YoY), operating profit at ¥10,000 million (+10.0% YoY), profit attributable to owners at ¥7,000 million (+24.8% YoY), EPS ¥44.11.

• Assumes limited impact from U.S. trade policy and stable business sentiment.

• Dividend payout ratio targeted at 60–65%, with DPS forecast to rise from ¥26 to ¥32.

• No change to previously announced financial results forecast.

• The company continues to monitor market conditions and aims for growth through organizational enhancements and cost efficiency.