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Staffing company Career Bank Co (4834: JP) reported revenue for the first quarter ending 31 August 2013 of JPY 1.29 billion (USD 13.2 million), an increase of +5.7% from JPY 1.22 billion (USD 12.5 million) a year ago.
The company reported an operating profit for the period of JPY 29 million (USD 297,399), a substantial increase from an operating profit of JPY 1 million (USD 10,255) last year. Pre-tax profit for the period also rose significantly, from JPY 1 million (USD 10,255) during Q1 2012 to JPY 28 million (USD 287,144) this year.
Last year Career Bank reported that they ‘broke-even’ during the first quarter. In Q1 2013, the company reported a net profit of JPY 15 million (USD 153,827).
In trading today, the company’s share price rose by +3% to JPY 48,000 (USD 492), an increase of +16% compared with a year ago. Based on its current share price, the company has a market value of JPY 458.7 million (USD 4.7 million).