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Japan – Careerlink revenue falls in Q2

27 September 2013

Japan-based staffing firm Careerlink Co Ltd (6070: TYO) announced net sales of JPY 6.3 billion (USD 63.9 million) for the second quarter of 2013, ending 31 August, a fall of -31.6% from sales of JPY 9.2 billion (USD 93.3 million) for the same period last year.

Operating income for the period fell by -28.5% to JPY 284 million (USD 2.9 million), down from JPY 398 million (USD 4 million) a year ago. Net income for the period also declined, falling by -22.5% from JPY 212 million (USD 2.15 million) to JPY 164 million (USD 1.7 million), year-on-year.

Looking ahead, the company expects next year’s net sales to be below current levels at a projected JPY 16.01 billion (USD 16.2 million). Net income is forecast to reach JPY 432 million (USD 4.4 million)

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. 

Following the announcement of the results, the company’s share price dropped by -1% to JPY 609 (USD 6.17). Based on its current share price, the company has a market value of JPY 3.5 billion (USD 35.5 million).  

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