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View All NewsJapan – Career Co H1 revenue up 24.5% as profits gain
Career Co., Ltd., (6198:JP), a Japanese HR services firm, reported revenue on Monday for the first six months ended 31 March 2023 of JPY 9.49 billion (USD 69.4 million), up 24.5% when compared to the same period last year.
| (JPY millions) | H1 2023 | H1 2022 | Change | H1 2023 (USD millions) |
| Revenue | 9,497 | 7,628 | 24.5% | 69.4 |
| Gross Profit | 2,072 | 1,719 | 20.5% | 15.1 |
| Gross Margin | 21.8% | 22.5% | - | - |
| Operating Profit | 408 | 257 | 58.6% | 2.9 |
| Net Income | 263 | 150 | 74.6% | 1.9 |
Career Co is mainly engaged in the provision of senior human resources for an ageing society. The senior work business provides temporary staffing, recruitment of senior human resources for building maintenance, bed-making, office work, logistics, qualified personnel and other fields.
Sales in the senior work business increased by 38.4% year-on-year. Sales in the senior care business increased by 19.5% year-on-year.
Looking ahead the company forecasted revenue of JPY 18.00 billion (USD 131.46 million) for the year ended 30 September 2023.
Career Co shares closed on Monday at JPY 340.00 (USD 2.48), up 0.89% on the day. The company has a market cap of JPY 2.82 billion (USD 20.6 million).