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Investing.com -- en-Japan reported its first quarter results on Thursday, showing an operating profit of ¥1.3 billion, which exceeded analyst expectations despite declining 21.5% year-over-year.
The company’s sales reached ¥14.99 billion, representing a 7.7% decrease compared to the same period last year. While sales fell short of the consensus forecast of ¥15.2 billion, the operating profit significantly outperformed
consensus estimates of ¥745 million.
The results come amid a leadership change at en-Japan, with founder Michikatsu Ochi recently returning as president. Market participants are now watching to see what turnaround strategies he might implement.
Breaking down by segment, the Media division posted sales of ¥9.75 billion, down 7.8% year-over-year, with an operating profit of ¥1 billion. The Agent segment saw a 2.2% increase in sales to ¥2.7 billion, with operating profit rising to ¥193 million from ¥7 million in the previous year.
The HR DX segment demonstrated strong growth with sales up 16.4% to ¥1.42 billion and operating profit of ¥219 million, while the Global segment reported sales of ¥1.56 billion, down 32.9%, but operating profit increased to ¥243 million from ¥127 million a year earlier.
In the recruitment sector, Visional (TYO:4194) is currently considered a preferred stock, with its platform reportedly gaining market share from other agents and benefiting from increased movement of middle-aged higher-end office workers.
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