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Japan – Careerlink full year revenue up 11%, but profits sink

12 April 2019

Japanese staffing company Careerlink (6070: JP) reported revenue today for the full year ended 28 February 2019 of JPY 18.62 billion (USD 166.4 million).

(JPY millions) FY 2018 FY 2017 Change FY 2018 (USD millions)
Revenue 18,624 16,774 11.0% 166.4
Operating Profit 187 551 -66.0% 1.6
Net Income 170 414 -58.7% 1.5

During the year, Careerlink acquired Japan Business Service Co., Ltd., a wholly owned subsidiary of Daiko Securities Business Co., Ltd. The company acquisition contributed to the company’s revenue growth.

Careerlink offers temporary and contract services but reports revenue according to four segments; BPO, customer relationship management (CRM), general office staffing services, and technology manufacturing business.

Looking ahead, the company forecasted revenue of JPY 21.66 billion (USD 193.6 million) for the year ended 29 February 2020.

In trading today Careerlink shares closed at JPY 472.00 (USD 4.22), up 6.07% on the day. Based on its current share price the company has a market value of JPY 5.92 billion (USD 52.91 million).


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