ENVALITH
株式会社ジンジブ logo

JINJIB Co.,Ltd.

142AGrowth MarketServices

株式会社ジンジブ logo
JINJIB Co.,Ltd.142A

Business

Jinjibu Co., Ltd. operates under the purpose of "increasing the dreams of people living into the future," providing an end-to-end human resources service spanning new-graduate recruitment support for high school students through to career changes and training/education for working adults who are high school graduates. Centered on its core service "Job Draft Navi" (2,509 listed companies), it offers joint corporate briefing sessions, career experience events, the job-posting digitalization system "Job Draft Teacher," career education program "Job Draft Career," and retention support service "Jinjibu Pack." The company has partnered with 106 financial institutions nationwide, viewing the social challenge of young talent shortages at SMEs as a business opportunity. In April 2026, it made Jinjibu Career Co., Ltd., which operates a further-education support business, a subsidiary, expanding its business domain into a platform covering both employment and further education.

Business Model

Revenue is centered on subscription-based corporate listing fees for 'Job Draft Navi,' participation fees for joint corporate briefing sessions and other events, and outsourcing fees for proxy support and training/education services. As the platform itself incurs no cost of goods sold, it has a high-gross-margin structure, with the gross margin reaching 86.2% in FY2026 (ending March 2026). Referrals from 106 financial institutions (averaging 275 companies per month) serve as a stable source of business opportunities, and the company is strengthening its recurring revenue base by driving upsells through its customer success department to improve repeat rates.

Company Strengths

As of the end of March 2026, the company had built a system in partnership with 106 city banks, regional banks, and credit unions (shinkin banks), receiving an average of 275 business referrals per month. Deals referred through financial institutions have a high order-conversion rate and serve as a stable source of new customer acquisition. This represents a proprietary sales infrastructure that is difficult for competitors to replicate in a short period, and diversification of referral channels continues to be promoted.

In FY2026 (ending March 2026), the company visited 2,664 high schools nationwide and possesses a proprietary database accumulating the characteristics and approach methods for each school. Given the market structure in which high schools are inevitably involved in high school students' job-hunting activities, this school network functions as a barrier to entry. The company is also building continuous relationships with high schools through "Job Draft Teacher" and "Job Draft Career."

The gross profit margin for FY2026 (ending March 2026) was 86.2% (exceeding the planned 79.4%). "Job Draft Navi" is a proprietary platform that incurs no cost of sales, with the number of listed companies expanding from 2,056 in the previous period to 2,509. The order backlog in the recruitment domain has grown to ¥1,298,960 thousand (114.8% year-on-year), providing high visibility into revenue for the following period.

ENVALITH's Perspective

Revenue was ¥2,688 million (+12.0% YoY), operating profit was ¥166 million (+165.4% YoY), and net income of ¥182 million marked a complete turnaround from the prior period's bottom-line loss (¥184 million loss). It was confirmed that the prior period's net loss was a one-time factor caused by a reversal of deferred tax assets (income tax adjustment of +¥236 million). This period, conversely, the recognition of deferred tax assets (-¥64 million) boosted net income, so attention should be paid to this reversal in the direction of tax effects.

Sales of the HR department pack fell short of initial expectations, resulting in revenue missing the plan, but a significant improvement in gross margin (from a planned 79.4% to an actual 86.2%) combined with SG&A expenses being kept within the plan led to operating profit, ordinary profit, and pre-tax net income all substantially exceeding plan. The quality of profit improved more than top-line growth, and in assessing the achievability of the FY2027 (ending March 2027) forecast (revenue of ¥3,212 million, operating profit of ¥311 million), the progress of HR department pack sales and the sustainability of the gross margin will be key.

Effective April 1, 2026, the company acquired Jingjibu Career (CCB's career information business) for ¥290 million, making it a consolidated subsidiary. The strategic significance of building a platform covering both employment and further education is clear, but the amount and amortization period of goodwill relative to the acquisition cost remain undetermined at this time. The ¥290 million cash outlay is within an acceptable financial range given period-end cash of ¥1,684 million, but the impact on consolidated results from FY2027 (ending March 2027) onward (goodwill amortization burden, integration costs) requires continued scrutiny.

Growth Strategy

Four pillars: entry into higher-education support, deepening the financial institution network, expanding sales of the HR Department Pack, and improving productivity through AI utilization

Acquired the career path information business of Chieru Communication Bridge for ¥290 million, completing consolidation as a subsidiary effective April 1, 2026. The company aims to build a platform addressing both employment and further education needs of high school students, expanding the market through complementary integration of the high school/university/vocational school network with its existing corporate and high school networks.

Strengthened the organizational structure of the Sales Promotion Department to reinforce proposal activities toward financial institution head offices and branches. The company is setting targets for each financial institution and clarifying priority partners, while also promoting new partnerships with service providers that have credit union or corporate clients, aiming to reduce dependence on specific financial institutions and stabilize business performance.

Completed rebranding around the main concept of "support for retaining talent you don't want to lose." The service is expected to contribute to strengthening the revenue base as a stock-type product covering HR functions such as recruitment, retention, evaluation, and training. Performance fell short of initial expectations in FY2026 (ending March 2026), but the company is developing its sales structure from this fiscal year to achieve full-scale expansion.

Shifted telemarketing operations to outsourcing in principle, building a flexible cost management structure linked to the number of business meetings obtained. Utilization of outsourced workers enables regional expansion without establishing new branch offices, simultaneously advancing business area expansion and cost efficiency optimization. Confirmed certain results in keeping SG&A expenses within the FY2026 (ending March 2026) plan.

Clarified the division of roles between new business sales and existing customer sales, changing the structure so that the Customer Success Department is responsible for upselling to existing customers. The company is promoting optional sales for Job Draft Navi and guiding customers toward higher-priced plans, aiming to improve the media value of its job listing site through increased listings and improve repeat rates.

Last updated: July 19, 2026