# CAREERLINK CO., LTD.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第30期(2025/04/01－2026/03/31) (S100YHI9)
> Page: https://vizora.meequs.com/en/company/careerlink
> Retrieved: 2026-09-30T20:18:15.583Z

## Company

Careerlink, founded in 1996, is a company in HR & Staffing listed on TSE Prime. It has 932 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | CAREERLINK CO., LTD. |
| Ticker | 6070 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6070.T) |
| Listing | TSE Prime |
| Head office | 東京都新宿区西新宿二丁目1番1号 |
| Representative (per filing) | 代表取締役社長 社長執行役員 成澤 素明 |
| Founded | Oct 1996 |
| Share capital | ¥418.3M |
| Employees (consolidated) | 932 |
| Average salary (parent only) | ¥5.3M |
| Fiscal year end | March |
| Website | www.careerlink.co.jp (https://www.careerlink.co.jp/) |
| Corporate number | 2011101023151 |
| EDINET | E26839 |
| Industries (Vizora) | HR & Staffing, Business Process Outsourcing |

> Profile source: annual securities report (S100YHI9, filed 2026-06-26). As of filing

## Five-axis industry profile

Primary industry: HR & Staffing (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 37.5 | 68 |
| Profitability | 50.6 | 88 |
| Cash conversion | 20.6 | 80 |
| Efficiency | 79 | 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)

- About 80% of Careerlink's sales come from Clerical human resources services, with Manufacturing human resources services and Other making up much of the rest.
- Out of every ¥100 of sales, about ¥9 is left as operating profit.
- Revenue changed +10.5% from the prior year, operating profit +44.6%.

## Company structure

- Segment revenue mix: Clerical human resources services 79.6%、Manufacturing human resources services 19.8%、Other 0.6%
- Revenue → net income: ¥44642486000 → ¥2610384000
- Net income → operating cash flow: ¥2610384000 → ¥2548932000（difference ¥-61452000）
- Main uses of operating cash flow: CapEx ¥195005000 / dividends ¥1425201000 / buybacks ¥112000
- Change in cash: ¥592608000
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 | ¥44.6B |  |
| Operating income | ¥3.9B | Margin 8.7% |
| Net income | ¥2.59B | Margin 5.8% |
| Free cash flow | ¥2.35B |  |
| Largest business | Clerical human resources services | of segment revenue 79.6% |
| Employees (consolidated) | 932 |  |
| EPS | ¥199.5 |  |
| Diluted EPS | ¥198.64 |  |
| Book value per share | ¥1244.95 |  |
| Equity ratio | 70.9% |  |
| Shares outstanding | 12,605,700 |  |
| Treasury shares | 729,000 |  |
| Shareholders | 14,588 |  |
| Average salary (parent only) | ¥5.3M | Filing company only |
| Cash ratio | 50.3% | Cash ÷ revenue 25.4% |
| Vs. industry median margin | +0.1 pp | HR & Staffing |
| ROE | 16.9% | Derived from disclosed figures |
| ROA | 12.2% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 90% of positive segment profit
- FY2026, cash is 50% of total assets

## What changed in 5 years

| Metric | FY ending Feb 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥30276465000 | ¥44642486000 | +47.4% |
| Operating income | ¥2729610000 | ¥3895177000 | +42.7% |
| Operating margin | 9.0% | 8.7% | -0.3 pp |
| Employees | 596 people | 932 people | +56.4% |
| Cash and equivalents | ¥6435394000 | ¥11316883000 | +75.9% |

### Change in segment revenue mix

Span: FY ending Feb 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 事務系人材サービス事業 → 事務系人材サービス事業 | 79.6% |
| 事務系人材サービス事業 → 事業再編・廃止 | 4.7% |
| 製造系人材サービス事業 → 製造系人材サービス事業 | 10.7% |
| その他 → その他 | 0.6% |
| その他 → 事業再編・廃止 | 0.4% |
| 営業系人材サービス事業 → 事業再編・廃止 | 4.1% |
| 新設・再編 → 製造系人材サービス事業 | 9.2% |

Segment revenue source references: 7 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Clerical human resources services | 5 years | +6.8% | ¥35534175000 | 9.9% | 2 |
| Manufacturing human resources services | 5 years | +22.4% | ¥8855388000 | 4.0% | 2 |
| Other | 5 years | -2.2% | ¥252923000 | 9.5% | 2 |

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 44,642 | 100.0% | S100YHI9 |
| Cost of revenue | 34,720 | 77.8% | S100YHI9 |
| Gross profit | 9,922 | 22.2% | S100YHI9 |
| SG&A | 6,027 | 13.5% | S100YHI9 |
| Operating income | 3,895 | 8.7% | S100YHI9 |
| Ordinary income | 3,915 | 8.8% | S100YHI9 |
| Pretax income | 3,797 | 8.5% | S100YHI9 |
| Income tax | 1,187 | 2.7% | S100YHI9 |
| Net income | 2,610 | 5.8% | S100YHI9 |
| Net income attributable to owners | 2,589 | 5.8% | S100YHI9 |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 78 |
| SG&A | 13 |
| Operating income | 9 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 22.2% → Operating margin 8.7% → Net margin 5.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +10.5%; Core profit growth: +44.6%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 4.25×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 40,398 | 44,642 | 4,245 | +10.5% |
| Gross profit | 8,199 | 9,922 | 1,723 | +21.0% |
| Operating income | 2,693 | 3,895 | 1,202 | +44.6% |
| Net income attributable to owners | 1,830 | 2,589 | 759 | +41.5% |
| Operating cash flow | 2,711 | 2,549 | -162 | -6.0% |
| Free cash flow | 2,612 | 2,354 | -258 | -9.9% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Feb 2021 | 30,276 | 2,730 | 9.0% | 2,053 | 2,744 | 2,666 | S100OFFW |
| FY ending Mar 2022 | 43,101 | 4,424 | 10.3% | 3,115 | 977 | 565 | S100R2LR |
| FY ending Mar 2023 | 52,537 | 7,609 | 14.5% | 5,712 | -1,209 | -1,404 | S100TSGN |
| FY ending Mar 2024 | 43,791 | 3,279 | 7.5% | 2,201 | 6,766 | 6,255 | S100W325 |
| FY ending Mar 2025 | 40,398 | 2,693 | 6.7% | 1,830 | 2,711 | 2,612 | S100YHI9 |
| FY ending Mar 2026 | 44,642 | 3,895 | 8.7% | 2,589 | 2,549 | 2,354 | S100YHI9 |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥47.9M |
| Operating income per employee (consolidated) | ¥4.2M |
| Net income per employee (consolidated) | ¥2.8M |

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

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 680 | 915 | 928 | 898 | 932 |
| Average salary (parent company) | ¥5.3M | ¥5.5M | ¥5.3M | ¥5.1M | ¥5.3M |
| Average age (parent company) | 36.7 years | 36.0 years | 36.6 years | 37.5 years | 38.3 years |
| Average tenure (parent company) | 4.0 years | 3.2 years | 3.7 years | 4.3 years | 4.4 years |

Year over year: Employees (consolidated) +3.8% · Revenue (consolidated) +10.5%

## Segments（FY ending Mar 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Clerical human resources services | 35,534 | 79.6% | 3,517 | 9.9% |
| Manufacturing human resources services | 8,855 | 19.8% | 354 | 4.0% |
| Other | 253 | 0.6% | 24 | 9.5% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Clerical human resources services | 79.6% | 90.3% | 10.7 | 9.9% |
| Manufacturing human resources services | 19.8% | 9.1% | -10.8 | 4.0% |
| Other | 0.6% | 0.6% | 0.1 | 9.5% |

Segment → industry: Manufacturing human resources services → HR & Staffing / Clerical human resources services → HR & Staffing / Clerical human resources services → Business Process Outsourcing

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 2,549 | 5.7% | S100YHI9 |
| Capital expenditure | 195 | 0.4% | S100YHI9 |
| Free cash flow | 2,354 | 5.3% | 算出 |
| Investing cash flow | -275 | -0.6% | S100YHI9 |
| Financing cash flow | -1,681 | -3.8% | S100YHI9 |
| Dividends paid | 1,425 | 3.2% | S100YHI9 |
| Share buyback | 0 | 0.0% | S100YHI9 |
| Change in cash | 593 | 1.3% | S100YHI9 |
| Cash and equivalents | 11,317 | 25.4% | S100YHI9 |

## 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 Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 7,032 | 5,098 | 9,929 | 10,724 | 11,317 | S100TSGN, S100W325, S100YHI9 |
| Total assets | 16,544 | 21,810 | 21,210 | 19,878 | 22,502 | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Net assets | 8,405 | 13,527 | 14,476 | 14,913 | 16,013 | S100TSGN, S100W325, S100YHI9 |
| Share capital | 398 | 401 | 406 | 412 | 418 | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Trade receivables | 7,962 | — | — | — | — | S100R2LR |
| Property, plant and equipment | 280 | 300 | 356 | 328 | 356 | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Intangible assets excluding goodwill | 135 | 107 | 325 | 231 | 64 | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Investment securities | 59 | 76 | 215 | 223 | 227 | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Current assets | 15,327 | 20,280 | 19,411 | 18,289 | 20,853 | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Current liabilities | 7,374 | 7,455 | 5,866 | 4,353 | 5,981 | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Short-term borrowings | 36 | 36 | 36 | 36 | 36 | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Long-term borrowings | 580 | 693 | 653 | 400 | 275 | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Bonds | 50 | 20 | — | — | — | S100R2LR, S100TSGN |
| Interest-bearing debt | 666 | 749 | — | — | — | 算出 |
| Total liabilities | 8,139 | 8,283 | 6,734 | 4,965 | 6,488 | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Non-controlling interests | 66 | 64 | 81 | 98 | — | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Equity attributable to owners of parent | 8,296 | 13,387 | 14,294 | 14,713 | 15,910 | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Retained earnings | 8,139 | 13,189 | 14,085 | 14,490 | 15,655 | S100R2LR, S100TSGN, S100W325, S100YHI9 |
| Treasury stock | -479 | -443 | -444 | -444 | -444 | S100R2LR, S100TSGN, S100W325, S100YHI9 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 50% | S100YHI9 |
| Property, plant and equipment | 2% | S100YHI9 |
| Intangibles and goodwill | 0% | S100YHI9 |
| Investment securities | 1% | S100YHI9 |
| Other assets | 47% | S100YHI9 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 29% | S100YHI9 |
| Equity | 71% | S100YHI9 |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 16,544 | 21,810 | 21,210 | 19,878 | 22,502 |
| Equity | 8,405 | 13,527 | 14,476 | 14,913 | 16,013 |
| Interest-bearing debt | 666 | 749 | — | — | — |
| Cash | 7,032 | 5,098 | 9,929 | 10,724 | 11,317 |

## 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) | 0.8% | S100YHI9 |
| Fixed assets ÷ total assets | 1.6% | S100YHI9 |
| Goodwill ÷ parent equity | — | —, S100YHI9 |

### 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) | 50.3% |
| Cash ÷ revenue | 25.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 65.4% |
| Cash vs. profit gap | -40 JPY mn (of net income -1.5%) |
| Shareholder returns / net income | 55.1% |
| Shareholder returns / FCF | 60.6% |
| Shareholder payments — dividends / net income | 55.1% |
| Shareholder payments — dividends / FCF | 60.5% |
| CapEx intensity (capex ÷ revenue) | 0.4% |
| Investing CF relative to operating CF | 10.8% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 7.2% | 2.61× | 18.8% | 1.99× | 37.5% | S100R2LR |
| 2023 | 10.9% | 2.74× | 29.8% | 1.77× | 52.7% | S100TSGN |
| 2024 | 5.0% | 2.04× | 10.2% | 1.55× | 15.9% | S100W325 |
| 2025 | 4.5% | 1.97× | 8.9% | 1.42× | 12.6% | S100YHI9 |
| 2026 | 5.8% | 2.11× | 12.2% | 1.38× | 16.9% | S100YHI9 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| スマートキャピタル株式会社 | Major shareholder | 45.5% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 7.0% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 2.0% | 2026-03-31 |
| ＢＢＨ ＦＯＲ ＦＩＤＥＬＩＴＹ ＬＯＷ－ＰＲＩＣＥＤ ＳＴＯＣＫ ＦＵＮＤ （常任代理人 株式会社三菱ＵＦＪ銀行） | Major shareholder | 1.3% | 2026-03-31 |
| キャリアリンク従業員持株会 | Major shareholder | 1.1% | 2026-03-31 |
| 成澤 素明 | Major shareholder | 1.0% | 2026-03-31 |
| 島 健人 | Major shareholder | 0.8% | 2026-03-31 |
| 原 信夫 | Major shareholder | 0.7% | 2026-03-31 |
| 野村信託銀行株式会社（投信口） | Major shareholder | 0.5% | 2026-03-31 |
| 森村 夏実 | Major shareholder | 0.5% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第30期(2025/04/01－2026/03/31) | S100YHI9 | 2026-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YHI9,, |
| 有価証券報告書－第29期(2024/04/01－2025/03/31) | S100W325 | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W325,, |
| 有価証券報告書－第28期(2023/04/01－2024/03/31) | S100TSGN | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TSGN,, |
| 有価証券報告書－第27期(2022/04/01－2023/03/31) | S100R2LR | 2023-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R2LR,, |
| 有価証券報告書－第26期(令和3年3月1日－令和4年3月31日) | S100OFFW | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OFFW,, |

## 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).