Japan-based job sites operator Gakujo recorded recovery in revenue from its key recruitment marketplace Asagaku Navi during an otherwise challenging first half of 2021.
Asagaku Navi, which provides a wide range of services to recently graduated job-seekers and small and medium businesses, saw sales increase to Y361 million ($3.3 million) from Y341 million ($3.1 million) in the corresponding period a year earlier.
However, turnover of job board Re-Shukatsu fell to Y444 million from Y513 million and the employment information business saw revenue decline to Y2.1 billion from Y2.4 billion.
In H1, the company’s sales slid 12.1% to Y2.2 billion. Gross profit was down at Y1.2 billion compared to Y1.5 billion. Gross margin stood at 56% compared to 60.2%. Operating profit fell to Y138 million compared to Y254 million.
The company didn’t report quarterly results separately. However, performance seems to have fared well in Q2 compared to Q1.
Asagaku Navi has become a priority for Gakujo, with the company keen to introduce new products to improve digital connection of employers and candidates.
Osaka-based Gakujo specializes in job offers for recent graduates and job-seekers in their twenties. Founded in 1977, the company works as an on-campus recruiter and with mid-career applicants. An average of 400,000 new graduates join its platform every year and Gakujo serves about 4,000 corporate clients.
Read the full financial results in Japanese here.