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Japan – Career Co., Ltd first quarter revenue rises 42% with growth in profits

16 February 2023

Career Co., Ltd., (6198:JP), a Japanese HR services firm, reported revenue for the full year ending 31 December 2022 of JPY 4.89 billion (USD 36.5 million), up 41.9% when compared to the same period last year.

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 was 55.0% year-on-year. The senior work business mainly consists of call centres, white-collar workers who perform clerical work at public institutions, and senior workers.

Revenue in the senior care business was up 37.3% year-on-year. The senior care business mainly dispatches qualified personnel such as nurses and caregivers to nursing care facilities, introduces personnel, and makes appointments for introductions.

Looking ahead the company forecasted revenue of JPY 18.00 billion (USD 134.4 million) for the year ended 30 September 2023.

Career Co shares closed on Tuesday at JPY 286.00 (USD 2.14), down 2.05% on the day. The company has a market cap of JPY 2.86 billion (USD 21.3 million).