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View All NewsJapan – Careerlink reports full year 2022 revenue
Japanese staffing company Careerlink (6070: JP) reported revenue yesterday for the full year ended 31 March 2023 of JPY 52.53 billion (USD 386.4 million).
From the beginning of Q1 2022, the group applied an ‘Accounting Standard for Revenue Recognition’. The group also the changed the last day of its business year to 31 March 2023 which meant the previous accounting period was 13 months compared to 12 months for the latest reporting period. Since the FY reporting period is different from the previous consolidated fiscal year, the amount of change and change rate from the previous consolidated fiscal year were not stated. However, the group published FY 2022 and FY 2021 revenue and the change rates were calculated below.
| (JPY millions) | FY 2022 | FY 2021 | Change | FY 2022 (USD millions) |
| Revenue | 52,536 | 43,100 | 21.9% | 386.4 |
| Gross Profit | 14,411 | 9,456 | 52.4% | 105.9 |
| Gross Margin | 27.4% | 21.9% | - | |
| Operating Profit | 7,609 | 4,423 | 72.0% | 55.9 |
| Net Income | 3,114 | 3,114 | 83.4% | 22.9 |
Careerlink offers temporary and contract services but reports revenue according to four segments; BPO, customer relationship management (CRM), general office staffing services and technology manufacturing business.
Looking ahead, the company forecasted revenue of JPY 62.36 billion (USD 458.67 million) for the year ended 31 March 2024.
Careerlink shares closed at JPY 2,331 (USD 17.15), up 0.31% on the day. The company has a market cap of JPY 33.64 billion (USD 247.43 million).