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Careerindex 9-month revenue rises 9.2% but profits fall

14 February 2024

Careerindex Inc.,(6538: TYO), a Japan-based company which operates a number of recruitment sites, reported revenue yesterday of JPY 2.63 billion (USD 17.4 million) for the nine months ended 31 December 2023, an increase of 9.2% when compared to the prior year period.

(JPY millions) 9 months 2023 9 months 2022 Change 9 months 2023
Revenue 2,632 2,411 9.2% 17.4
Gross Profit 2,011 2,070 -2.8% 13.3
Gross Margin 76.4% 85.8% - -
Operating Profit 42 447 -90.5% 0.2
Net Income -78 239 - -0.5

Careerindex Inc. operates a number of websites including the career change information site CareerIndex, the part-time job dispatch information site Lacotto, the school information site CareerIndex School, and the fashion industry career change information site FashionHR. It also provides marketing solution services.

The group forecasted revenue of JPY 3.70 billion (USD 24.5 million) for the year ended 31 March 2024.

CareerIndex Inc. set a new 52-week low during yesterday's trading session when it reached JPY 188.00 (USD 1.25). Over this period, the share price is down 37.91%. Shares closed yesterday at JPY 190.00 (USD 1.26), down 1.55% on the day. The company has a market cap of JPY 4.17 billion (USD 27.65 million).