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Japan – Careerlink raises revenue forecast

08 March 2013

Tokyo-headquartered staffing firm Careerlink Co Ltd (6070:TYO) today revised its growth forecast for the full year to February 2013. The recruiter now expects higher sales of USD 189.1 million (JPY 17.83 billion), compared to a previous forecast of USD 174.1 million (JPY 16.41 billion).

Recurring or ordinary income is expected to rise from a previously estimated USD 6.9 million (JPY 652 million) to USD 9.7 million (JPY 919 million). Net income is anticipated to jump to USD 5.7 million (JPY 535 million) from an earlier forecast of USD 3.89 million (JPY 367 million).

Despite the positive news, the company’s share price dropped by -1% and closed at JPY 680.00 today. Based on its stock price, the firm has a market value of USD 40.8 million (JPY 3.85 billion).

Careerlink provides staffing and human resource services. The company offers business process outsourcing (BPO), providing incentive contracts to improve operational efficiency, as well as the planning, design and implementation of business processes of government, local public entities and businesses.  

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