GAKUJO CO.,Ltd.

Business Details

Provides corporate PR/information services and recruitment consulting/staffing services targeting second-time job seekers, job changers in their twenties, and new university graduates. Centered on its flagship "Re Shukatsu" (job-change information site for people in their twenties), the company operates multiple channels including "Re Shukatsu Campus" for new graduates, the internship and career-development event "Career Design Forum," and agent services. Its business is underpinned by a market environment in which demand for hiring young talent is expanding amid structural labor shortages.

Recent Overview

Revenue shifted to the second half due to earlier recruitment activity; interim profit declined sharply, but the full-year forecast was revised while maintained at an elevated level

In H1 FY2026 (ending October 2026) (November 2025–April 2026), advance demand from earlier recruitment activities and changes in listing timing lengthened the period between order receipt and revenue recognition, particularly in the young experienced-hire recruitment segment (young career segment), shifting revenue recognition to the second half. Consolidated revenue was ¥4,618 million (105.8% year-on-year), an increase in revenue but only 90.6% of plan. SG&A expenses swelled to ¥2,549 million (115.2% year-on-year) due to continued advertising and system investments and rising outsourcing and procurement costs from price inflation, resulting in a substantial decline in operating profit to ¥345 million (74.2% year-on-year). Meanwhile, the agent business (146.0% year-on-year), events (113.8%), and Re Shukatsu Campus (111.3%) performed well. The full-year forecast was revised to revenue of ¥12,000 million and operating profit of ¥2,600 million (a downward revision from the initial forecast). As a subsequent event, on June 8, 2026, the company resolved to acquire treasury shares up to 400,000 shares and ¥650 million.

Key Products

Growth Drivers

• Sustained high level and expansion of demand for hiring young talent amid structural labor shortages
• Nationwide rollout (five cities) of the internship and career-development event "Career Design Forum" in response to earlier and more diversified recruitment activities, supported by strong corporate inquiries
• Improved profitability at Re Shukatsu Agent through enhanced interview quality and career advisor productivity measures (146.0% year-on-year for the interim period)
• Capture of internship PR demand through synergy between Re Shukatsu Campus and events, along with expanded early registration among lower-year students (second year and below)
• Continued investment in system and functional enhancements and promotion to strengthen media capability
• Expansion of the job-change market for people in their twenties amid increasing labor mobility

Risks

• Risk of expanding seasonal fluctuations and a shift of revenue recognition to the second half due to earlier recruitment PR and selection activities (90.6% versus the interim plan)
• Increase in SG&A expenses and pressure on profit due to rising outsourcing and procurement costs stemming from price inflation (interim SG&A expenses 115.2% year-on-year)
• Risk of increased costs and lower profit margins from continued advertising and system-related investments
• Risk of a longer period between order receipt and revenue recognition in the young experienced-hire recruitment segment (young career segment)
• Impact on recruitment demand from concerns over economic slowdown due to rising energy prices and tariff policy, among other factors
• Risk of personal information leakage (the company holds large volumes of job seekers' personal information)
• Shift of listing start timing for Re Shukatsu (core web media) to the second half due to changes in corporate recruitment timing, leading to a decline in first-half revenue (92.8% year-on-year for the interim period)
• Increased hiring and training costs and organizational management risk associated with building out the employee workforce