DIP Corp
TSE:2379
DIP Corp
DIP Corp. engages in the provision of job information and related recruiting services through the Internet. The company is headquartered in Minato-Ku, Tokyo-To. The company went IPO on 2004-05-27. The company operates in two business segments. The Media segment operates a job information Website, and provides job offering information, part-time job recruitment information and temporary job offer information, and related services. The company provides part-time job recruitment information through Internet site Baitoru, dispatched recruitment information through Internet site Hatarako Net and regular employee recruitment information through Internet site Baitoru NEXT. The Agent segment is engaged in operation of a specialized nurses recruitment business. The firm also engages in the sales of new materials LIMEX as an alternative material.
DIP Corp. engages in the provision of job information and related recruiting services through the Internet. The company is headquartered in Minato-Ku, Tokyo-To. The company went IPO on 2004-05-27. The company operates in two business segments. The Media segment operates a job information Website, and provides job offering information, part-time job recruitment information and temporary job offer information, and related services. The company provides part-time job recruitment information through Internet site Baitoru, dispatched recruitment information through Internet site Hatarako Net and regular employee recruitment information through Internet site Baitoru NEXT. The Agent segment is engaged in operation of a specialized nurses recruitment business. The firm also engages in the sales of new materials LIMEX as an alternative material.
Sales Decline: DIP reported Q2 sales of JPY 13 billion, down 0.6% year-on-year, mainly due to disruptions from a major organizational transition.
Operating Profit Drop: Operating profit fell 40.9% year-on-year to JPY 2 billion, reflecting upfront investments in Spot Baitoru and system development.
Market Share Gained: Despite sales declines, DIP's media sales growth rate outperformed the overall market, indicating continued market share gains.
No Change in Guidance: Management left full year sales and profit forecasts unchanged from earlier guidance.
Othello Project Impact: DIP gained customers after taking a strong stance on the unpaid wage issue, contrasting with industry peers and improving its reputation.
Sales Team Recovery: Number of sales reps is increasing again, and sales activities have now recovered to pre-transition levels.
Dividend Maintained: Despite expected profit decline, the company will keep its annual dividend at JPY 95 per share, with a payout ratio of 62%.
