Japan-based recruitment company Career Bank saw sales increase 8.2% to Y6.1 billion ($56 million) for the year ending in May. The company attributed its steady business growth to improvement in operational efficiency and productivity through resources sharing.
Alongside niche recruitment marketplaces, the Sapporo-based company runs a wide range of staffing, human resource development and employment support services. Its job sites include temp-focused Career-Bank.jp/Haken, Career-Bank.jp/Tenshoku, Career-Bank.co.jp/Job/Senior for senior citizens and Career-Bank.jp/Medical for medical professionals.
Annual operating profit surged 48% to Y168 million. The company recorded net income of Y101 million in FY2020 compared to net loss of Y7 million in FY2019.
CareerBank returned to profitability during the third quarter as jobs recover. The company anticipates that the uncertainty of the past year and a half will remain, but says it is adapting to the changing environment surrounding the employment market.
Read here full earnings report in Japanese.