Japanese staffing firm Career Bank (4834: JP) reported revenue on Tuesday for the nine months ended 29 February 2024 of JPY 5.49 billion (USD 35.8 million), a fall of 9.6% compared to last year.

Career Bank offers temporary staffing services; recruitment; payroll; outplacement; and other services. The “Other” segment includes Career Bank’s language training business in China.

The group said sales and segment profit in the staffing business decreased compared to the same period of the previous year due to a fall in sales related to the Covid-19 vaccination.

In the recruitment business, the company said the number of contracts closed rose due to rapid response to high recruitment needs due to the increased mobility of human resources which led to an increase in revenue.

In the job support business, sales and segment growth declined as a result of a decrease in employment policy-related projects issued by administrative agencies.

Meanwhile, revenue increased in the BPO business, while revenue also increased in the Japanese language school management business as recruitment sales progressed steadily and the number of students at schools stabilised.

Looking ahead the company forecasted revenue of JPY 7.56 billion (USD 49.33 million) for the year ended 31 May 2024.

Career Bank shares closed on Tuesday at JPY 1,268 (USD 8.28), no change on the day. The company has a market cap of JPY 1.30 billion (USD 8.5 million).