# CAREER DESIGN CENTER CO.,LTD.: business model and financials

> Latest period: FY ending Sep 2025, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第34期(2024/10/01－2025/09/30) (S100XBEJ)
> Page: https://vizora.meequs.com/en/company/career-design-center
> Retrieved: 2026-09-30T21:46:12.724Z

## Company

Career Design Center, founded in 1993, is a company in HR & Staffing listed on TSE Prime. It has 768 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | CAREER DESIGN CENTER CO.,LTD. |
| Ticker | 2410 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/2410.T) |
| Listing | TSE Prime |
| Head office | 東京都港区赤坂三丁目21番20号 |
| Representative (per filing) | 代表取締役社長兼会長 多田 弘實 |
| Founded | Jul 1993 |
| Share capital | ¥558.7M |
| Employees (consolidated) | 768 |
| Average salary (parent only) | ¥5.5M |
| Fiscal year end | September |
| Website | cdc.type.jp (https://cdc.type.jp/) |
| Corporate number | 8010401008039 |
| EDINET | E05419 |
| Industries (Vizora) | HR & Staffing |

> Profile source: annual securities report (S100XBEJ, filed 2025-12-18). As of filing

## Five-axis industry profile

Primary industry: HR & Staffing (2025-09-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 49.4 | 88 |
| Cash conversion | 76.9 | 80 |
| Efficiency | 85.8 | 88 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- Career Design Center brought in ¥18.6B in revenue.
- Out of every ¥100 of sales, about ¥9 is left as operating profit.
- Revenue changed +5.1% from the prior year, operating profit +10.5%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥18646255000 → ¥1100768000
- Net income → operating cash flow: ¥1100768000 → ¥2031350000（difference ¥930582000）
- Main uses of operating cash flow: CapEx ¥338384000 / dividends ¥470151000 / buybacks —
- Change in cash: ¥1222815000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥18.6B |  |
| Operating income | ¥1.58B | Margin 8.5% |
| Net income | ¥1.1B | Margin 5.9% |
| Free cash flow | ¥1.69B |  |
| Employees (consolidated) | 768 |  |
| EPS | ¥209.67 |  |
| Book value per share | ¥879.66 |  |
| Equity ratio | 59.8% |  |
| Shares outstanding | 5,497,921 |  |
| Treasury shares | 236,300 |  |
| Shareholders | 5,439 |  |
| Average salary (parent only) | ¥5.5M | Filing company only |
| Cash ratio | 49.6% | Cash ÷ revenue 20.6% |
| Vs. industry median margin | -0.1 pp | HR & Staffing |
| ROE | 25.7% | Derived from disclosed figures |
| ROA | 15.5% | Derived from disclosed figures |

## Notable figures

- FY2025, cash is 50% of total assets
- FY2025, employees -8% while operating income rose 10%

## What changed in 5 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Sep 2020 | FY ending Sep 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥11021168000 | ¥18646255000 | — |
| Operating income | ¥-244648000 | ¥1582805000 | — |
| Operating margin | -2.2% | 8.5% | +10.7 pp |
| Employees | 660 people | 768 people | — |
| Cash and equivalents | ¥2439205000 | ¥3835123000 | — |

### Change in segment revenue mix

Span: FY ending Sep 2020 → FY ending Sep 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

## Income statement（FY ending Sep 2025, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 18,646 | 100.0% | S100XBEJ |
| Cost of revenue | 8,968 | 48.1% | S100XBEJ |
| Gross profit | 9,678 | 51.9% | S100XBEJ |
| SG&A | 8,095 | 43.4% | S100XBEJ |
| Operating income | 1,583 | 8.5% | S100XBEJ |
| Ordinary income | 1,604 | 8.6% | S100XBEJ |
| Pretax income | 1,604 | 8.6% | S100XBEJ |
| Income tax | 503 | 2.7% | S100XBEJ |
| Net income | 1,101 | 5.9% | S100XBEJ |

## Per ¥100 of revenue（FY ending Sep 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 48 |
| SG&A | 43 |
| Operating income | 9 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 51.9% → Operating margin 8.5% → Net margin 5.9%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +5.1%; Core profit growth: +10.5%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.04×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Sep 2024 → FY ending Sep 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 17,735 | 18,646 | 911 | +5.1% |
| Gross profit | 9,738 | 9,678 | -60 | -0.6% |
| Operating income | 1,433 | 1,583 | 150 | +10.5% |
| Operating cash flow | 859 | 2,031 | 1,172 | +136.4% |
| Free cash flow | 99 | 1,693 | 1,594 | +1605.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Sep 2019 | 12,155 | 995 | 8.2% | 721 | 907 | 503 | S100KEOG |
| FY ending Sep 2020 | 6,487 | -516 | -8.0% | -170 | 188 | — | S100O38E |
| FY ending Sep 2020 | 11,021 | -245 | -2.2% | -170 | 188 | -273 | S100KEOG |
| FY ending Sep 2021 | 9,437 | 141 | 1.5% | 928 | 634 | 205 | S100PTMC |
| FY ending Sep 2022 | 15,508 | 1,102 | 7.1% | 794 | 2,054 | 1,711 | S100SHAF |
| FY ending Sep 2023 | 17,388 | 1,585 | 9.1% | 1,163 | 1,938 | 1,418 | S100UZRF |
| FY ending Sep 2024 | 17,735 | 1,433 | 8.1% | 984 | 859 | 99 | S100XBEJ |
| FY ending Sep 2025 | 18,646 | 1,583 | 8.5% | 1,101 | 2,031 | 1,693 | S100XBEJ |

## People and productivity（FY ending Sep 2025, non-consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥24.3M |
| Operating income per employee (consolidated) | ¥2.1M |
| Net income per employee (consolidated) | ¥1.4M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 662 | 695 | 783 | 835 | 768 |
| Average salary (parent company) | ¥5M | ¥5.4M | ¥5.6M | ¥5.5M | ¥5.5M |
| Average age (parent company) | 30.1 years | 30.4 years | 30.0 years | 30.1 years | 30.7 years |
| Average tenure (parent company) | 5.4 years | 5.5 years | 5.2 years | 5.3 years | 5.9 years |

Year over year: Employees (consolidated) -8.0% · Revenue (consolidated) +5.1%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Sep 2025, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 2,031 | 10.9% | S100XBEJ |
| Capital expenditure | 338 | 1.8% | S100XBEJ |
| Free cash flow | 1,693 | 9.1% | 算出 |
| Investing cash flow | -338 | -1.8% | S100XBEJ |
| Financing cash flow | -470 | -2.5% | S100XBEJ |
| Dividends paid | 470 | 2.5% | S100XBEJ |
| Change in cash | 1,223 | 6.6% | S100XBEJ |
| Cash and equivalents | 3,835 | 20.6% | S100XBEJ |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 2,519 | 3,322 | 4,434 | 2,612 | 3,835 | S100SHAF, S100UZRF, S100XBEJ |
| Total assets | 5,859 | 6,718 | 7,999 | 6,506 | 7,734 | S100PTMC, S100SHAF, S100UZRF, S100XBEJ |
| Net assets | 3,948 | 2,961 | 3,933 | 3,939 | 4,628 | S100SHAF, S100UZRF, S100XBEJ |
| Share capital | 559 | 559 | 559 | 559 | 559 | S100PTMC, S100SHAF, S100UZRF, S100XBEJ |
| Property, plant and equipment | 186 | 181 | 162 | 290 | 254 | S100PTMC, S100SHAF, S100UZRF, S100XBEJ |
| Intangible assets excluding goodwill | 1,005 | 983 | 1,163 | 1,294 | 1,139 | S100PTMC, S100SHAF, S100UZRF, S100XBEJ |
| Current assets | 4,083 | 5,003 | 6,124 | 4,268 | 5,653 | S100PTMC, S100SHAF, S100UZRF, S100XBEJ |
| Current liabilities | 1,694 | 2,708 | 3,101 | 2,296 | 2,820 | S100PTMC, S100SHAF, S100UZRF, S100XBEJ |
| Short-term borrowings | 58 | — | — | — | — | S100PTMC |
| Long-term borrowings | — | 808 | 708 | — | — | S100SHAF, S100UZRF |
| Total liabilities | 1,910 | 3,757 | 4,066 | 2,567 | 3,105 | S100PTMC, S100SHAF, S100UZRF, S100XBEJ |
| Equity attributable to owners of parent | 3,948 | 2,961 | 3,933 | 3,939 | 4,628 | S100PTMC, S100SHAF, S100UZRF, S100XBEJ |
| Retained earnings | 3,275 | 3,750 | 4,665 | 3,505 | 4,135 | S100PTMC, S100SHAF, S100UZRF, S100XBEJ |
| Treasury stock | -241 | -1,703 | -1,653 | -336 | -294 | S100PTMC, S100SHAF, S100UZRF, S100XBEJ |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 50% | S100XBEJ |
| Property, plant and equipment | 3% | S100XBEJ |
| Intangibles and goodwill | 15% | S100XBEJ |
| Other assets | 32% | S100XBEJ |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 40% | S100XBEJ |
| Equity | 60% | S100XBEJ |
| Other liabilities | 0% | S100XBEJ |

### Balance sheet history

| Metric | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 5,859 | 6,718 | 7,999 | 6,506 | 7,734 |
| Equity | 3,948 | 2,961 | 3,933 | 3,939 | 4,628 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 2,519 | 3,322 | 4,434 | 2,612 | 3,835 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 1.4% | S100XBEJ |
| Fixed assets ÷ total assets | 3.3% | S100XBEJ |
| Goodwill ÷ parent equity | — | —, S100XBEJ |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 49.6% |
| Cash ÷ revenue | 20.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 128.3% |
| Cash vs. profit gap | 931 JPY mn (of net income 84.5%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 42.7% |
| Shareholder payments — dividends / FCF | 27.8% |
| CapEx intensity (capex ÷ revenue) | 1.8% |
| Investing CF relative to operating CF | 16.7% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 9.8% | 1.61× | 15.8% | 1.48× | 23.5% | S100PTMC |
| 2022 | 5.1% | 2.47× | 12.6% | 1.82× | 23.0% | S100SHAF |
| 2023 | 6.7% | 2.36× | 15.8% | 2.13× | 33.7% | S100UZRF |
| 2024 | 5.6% | 2.45× | 13.6% | 1.84× | 25.0% | S100XBEJ |
| 2025 | 5.9% | 2.62× | 15.5% | 1.66× | 25.7% | S100XBEJ |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 多田 弘實 | Major shareholder | 24.0% | 2025-09-30 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 3.1% | 2025-09-30 |
| 株式会社ダイヤモンド社 | Major shareholder | 2.3% | 2025-09-30 |
| 光通信ＫＫ投資事業有限責任組合 | Major shareholder | 2.1% | 2025-09-30 |
| キャリアデザインセンター社員持株会 | Major shareholder | 1.9% | 2025-09-30 |
| THE NOMURA TRUST AND BANKING CO., LTD. AS THE TRUSTEE OF REPURCHASE AGREEMENT MOTHER FUND （常任代理人 シティバンク、エヌ・エイ東京支店 カストディ業務部長 石川 潤） | Major shareholder | 1.7% | 2025-09-30 |
| 中桐 基雄 | Major shareholder | 1.7% | 2025-09-30 |
| RE FUND 107-CLIENT AC （常任代理人 シティバンク、エヌ・エイ東京支店 カストディ業務部長 石川 潤） | Major shareholder | 1.6% | 2025-09-30 |
| 三菱ＵＦＪモルガン・スタンレー証券株式会社 | Major shareholder | 1.6% | 2025-09-30 |
| 横田 和仁 | Major shareholder | 1.5% | 2025-09-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第34期(2024/10/01－2025/09/30) | S100XBEJ | 2025-12-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XBEJ,, |
| 有価証券報告書－第33期(2023/10/01－2024/09/30) | S100UZRF | 2024-12-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UZRF,, |
| 有価証券報告書－第32期(2022/10/01－2023/09/30) | S100SHAF | 2023-12-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SHAF,, |
| 有価証券報告書－第31期(令和3年10月1日－令和4年9月30日) | S100PTMC | 2022-12-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PTMC,, |
| 訂正有価証券報告書－第30期(令和2年10月1日－令和3年9月30日) | S100O38E | 2022-05-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O38E,, |
| 有価証券報告書－第29期(令和1年10月1日－令和2年9月30日) | S100KEOG | 2020-12-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100KEOG,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).