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Japan – Career Bank H1 revenue slips as pandemic weighs in

06 January 2021

Japanese staffing firm Career Bank (4834: JP) reported revenue yesterday for the first six months ended 30 November 2020 of JPY 2.63 billion (USD 25.6 million), a fall of 2.4% compared to last year.

(JPY millions) H1 2020 H1 2019 Change H1 2020 (USD millions)
Revenue 2,639 2,703 -2.4% 25.6
Operating Profit -84 -14 - -0.8
Net Income -37 -15 - -0.3

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 several of its businesses were negatively impacted by the pandemic.

Looking ahead, the company forecasted revenue of JPY 6.17 billion (USD 59.9 million) for the year ended May 2021.

Shares in Career Bank last traded on Monday at JPY 868.00, down 1.13% on the day. The company has a market cap of JPY 861.92 million (USD 8.38 million).