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Japan – Career Co Ltd full year revenue rises 15.2%

15 November 2022

Career Co., Ltd, (6198:JP), a Japanese HR services firm, reported revenue for the full year ending 30 September 2022 of JPY 16.34 billion (USD 117.2 million), up 15.2% when compared to the same period last year.

(JPY millions) FY 2022 FY 2021 Change FY 2022 (USD millions)
Revenue 16,338 14,184 15.2% 117.2
Gross Profit 3,633 3,251 11.7% 26.0
Gross Margin 22.2% 22.9%    
Operating Profit 356 481 -26.1% 2.5
Net Income 195 68 183.9% 1.4

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.

Revenue in the senior work business increased by 12.5% over the year. Revenue in the senior care business was up 16.2% year-on-year.

Looking ahead the company has a market cap of JPY 18.00 billion (USD 129.2 million) for the year ended 30 September 2023.

Career Co shares closed at JPY 398.00 (USD 2.86), up 8.45% on the day and 41.13% above the 52 week low of JPY 282.00 (USD 2.02) set on 13 July 2022. The company has a market cap of JPY 3.17 billion (USD 22.7 million).