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View All NewsJapan – Career Bank H1 revenue steady as pandemic continues to weigh in on results
Japanese staffing firm Career Bank (4834: JP) reported revenue today for the first six months ended 30 November 2021 of JPY 3.50 billion (USD 26.4 million), an increase of 0.1% compared to last year.
| (JPY millions) | H1 2022 | H1 2021 | Change | H1 2022 (USD millions) |
| Revenue | 3,505 | 3,500 | 0.1% | 26.4 |
| Gross Profit | 719 | 671 | 7.1% | 5.4 |
| Gross Margin | 20.5% | 19.2% | - | - |
| Operating Profit | 54 | 101 | -46.4% | 0.4 |
| Net Income | 97 | 125 | -21.7% | 0.7 |
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 the Covid-19 pandemic continued to impact its temporary staffing business which reported a decline.
Career Bank also noted that in the job support business, revenue and profits exceeded the results for the same period of the previous year due to an increase in the outsourced business.
In the BPO business, revenue decreased from the same period of the previous year due to an increase in the number of payroll processing personnel and sales related to the introduction of new customers.
Revenue increased in the language business.
Looking ahead Career Bank forecasted revenue of JPY 7.42 billion (USD 56.0 million) for the year ended 31 May 2023.
Career Bank shares closed yesterday at JPY 1,290 (USD 9.74), up 2.38% on the day. The company has a market cap of JPY 1.28 billion (USD 9.66 million).