Daily News
View All NewsCareerlink 9-month revenue tumbles as profits fall
Revenue at Japan-based staffing firm Careerlink (6070: JP) fell by 11.9% year over year in the nine months ended 31 December 2023 to a total of JPY 32.79 billion (USD 218.3 million). The group reported its results on 14 February 2024.
| (JPY millions) | 9 months 2023 | 9 months 2022 | Change | 9 months 2023 (USD millions) |
| Revenue | 32,796 | 37,225 | -11.9% | 218.3 |
| Gross Profit | 6,617 | 9,797 | -32.4% | 44.0 |
| Gross Margin | 20.1% | 26.3% | - | - |
| Operating Profit | 2,141 | 5,525 | -61.2% | 14.2 |
| Net Profit | 1,411 | 3,818 | -63.0% | 9.4 |
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.
Revenue for the BPO-related division fell by 20.4% over the prior year. The CRM related business division saw revenue increase by 0.8%. In the general office division revenue decreased by 4.3% while revenue in the manufacturing business increased by 22.5%.
Looking ahead the company forecasted revenue of JPY 47.70 billion (USD 317.48 million) for the year 31 March 2024.
Careerlink shares closed on Wednesday at JPY 2,480 (USD 16.51), down 4.2% on the day. The company has a market cap of JPY 32.41 billion (USD 215.71 million).