Japan-based recruitment company Career Bank managed to keep profitability unaffected during the first quarter despite reemergence of coronavirus infection and its implications for dispatch and temp jobs market.
This was also the consecutive second quarter with profits after losses for most parts of the last year. Since the company was prepared for Covid-related uncertainty and anticipated it to continue for sometimes, it took contingent measures accordingly to tide the business over negative fallouts.
In fact, the first quarter ended with operating income of Y63.7 million ($571,000) as opposed to operating loss of Y30.2 million ($271,000) in the same period of the previous year. Net profit amounted to Y58.6 million ($526,000) as opposed to net loss of Y27.6 million ($248,000).
Quarterly sales increased 34% to Y1.7 billion ($15.6 million).
The Sapporo-based company provides recruitment, staffing and human resource development services for temporary workers, senior citizens and medical professionals.
Read here full earnings report in Japanese.