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View All NewsJapan – Career Co H1 revenue down, as losses narrow slightly
Career Co., Ltd, (6198:JP), a Japanese HR services firm, reported revenue on Friday for the first six months ending 31 March 2021 of JPY 5.97 billion (USD 54.7 million), down 3.6% over last year.
| (JPY millions) | H1 2021 | H1 2020 | Change | H1 2021 (USD millions) |
| Revenue | 5,972 | 6,196 | -3.6% | 54.7 |
| Gross Profit | 1,223 | 1,232 | -0.7% | 11.2 |
| Gross Margin | 20.4% | 19.8% | ||
| Operating Profit | -53 | -72 | - | -0.4 |
| Net Income | -64 | -72 | - | -0.5 |
Career Co is mainly engaged in the provision of senior human resources for an ageing society. The senior work business provides temporary staffing, recruitment and business contract of senior human resources for building maintenance, bed-making, office work, logistics, qualified personnel and other fields.
The group’s senior work business saw revenue slip by 17.1% due to the effects of the Covid-19 pandemic.
The company added that it worked to improve profitability during the period by reducing selling, general and administrative expenses.
Career Co shares closed at JPY 455.00 (USD 4.17), down 6.38% on the day and 25.41% below its 52-week high of JPY 610.00 (USD 5.59), set on 14 May 2021. The company has a market cap of JPY 4.19 billion (USD 38.39 million).