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Career Co full-year revenue falls 6.6%, profits down

Career Co full-year revenue falls 6.6%, profits down

Danny Romero
| February 14, 2025

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Career Co., Ltd (6198:JP), a Japanese HR services firm, reported revenue on 14 February of JPY 3.92 billion (USD 25.6 million) for the full year ended 31 December 2024, a downturn of 6.6% when compared to the prior year period.

(JPY millions)

FY 2024

FY 2023

Change

FY 2024

Revenue

3,924

4,202

-6.6%

25.6

Gross profit

842

950

-11.3%

5.5

Gross margin

21.4%

22.6%

-

-

Operating profit

428

608

-29.5%

2.8

Net profit

249

378

-34.0%

1.6

Career Co is a Japan-based company mainly engaged in the provision of senior human resources. The senior work business provides temporary staffing, recruitment and business contracts of senior human resources for building maintenance, bed-making, office work, logistics, qualified personnel and other fields. The senior care business is mainly engaged in the provision of temporary staffing, recruitment and dispatching introduction of nurses, caregivers and other qualified personnel and human resources to nursing care facilities.

Revenue in the senior work business was down 15.7% from the same period last year. In the senior care business, revenue fell by 4.8%.

Looking ahead, the company forecasted revenue of JPY 18.50 billion (USD 121.15 million) for the year ended 30 September 2025.

Career Co shares closed on 14 February 2025 at JPY 337.00 (USD 2.21), up 0.30% on the day and 14.24% above the 52-week low of JPY 295.00 (USD 1.93) set on 5 August 2024. The company has a market cap of JPY 2.90 billion (USD 18.99 million).