JAIC Co., Ltd.

Business Details

JIC Co., Ltd. operates in a single segment, the "New Career Business." Its core offering is Shushoku College®, which provides free job placement training mainly to freeters, second-career job seekers, and university dropouts in their 20s and then refers them to mid-sized and small/medium enterprises. The company also operates new-graduate support services for university students (Shinsotsu College®, Future Finder®, and Joint Company Information Sessions) and corporate training/education businesses such as Dale Carnegie Training. Revenue for the first quarter of FY2027 (ending January 2027) (February to April 2026) was ¥1,009 million (up 3.4% year on year). Revenue composition by business was 36.0% for New Career Business, 35.3% for First Career Business, and 28.7% for Human Growth Business and other.

Recent Overview

First quarter revenue increased and losses narrowed; the company entered into a license agreement with Gallup

For the first quarter of FY2027 (ending January 2027) (February to April 2026), revenue was ¥1,009 million (up 3.4% year on year), the operating loss was ¥77 million (improved from a loss of ¥85 million in the same period of the prior year), and EBITDA was a loss of ¥26 million (improved from a loss of ¥50 million in the same period of the prior year). By business, First Career Business grew strongly, up 30.6% year on year, and training order value in Human Growth Business reached a record high. On the other hand, New Career Business declined 12.7% year on year. As a subsequent event, on June 10, 2026, the company entered into a "StrengthsFinder® Premier Strategic Educational Leader in Japan" license agreement with Gallup, Inc. of the United States, aiming to provide the program to a cumulative total of 100,000 young people over the next three years. The full-year earnings forecast remains unchanged.

Key Products

Growth Drivers

• High growth in Human Growth Business: Dale Carnegie Training order value reached a record high, with progress in developing enterprise clients and a shifting customer structure
• Expansion of First Career Business: Grew strongly by 30.6% year on year, with synergy effects emerging from strengthened collaboration between Campus Support and the university co-op business alliance
• Strategic partnership with Gallup, Inc.: Through the StrengthsFinder® license agreement, the company aims to acquire new customers by rolling out career development programs for universities and offering diagnostic tools free of charge to younger generations
• Structural growth in the recruitment market: Recruitment demand continues amid a declining working-age population and chronic shortage of young labor due to the falling birthrate and aging population, with the effective job openings-to-applicants ratio remaining high at 1.18 and the ratio for university graduates at 1.62
• Full-year earnings forecast for FY2027 (ending January 2027): Revenue of ¥5,024 million (up 12.3% year on year) and operating profit of ¥254 million (up 25.1% year on year), anticipating a return to revenue and profit growth

Risks

• Rising job-seeker acquisition costs: Sales promotion expenses are trending upward amid an increasingly seller's job market, pushing up selling, general and administrative expenses alongside rising personnel costs and squeezing profitability
• Decline in New Career Business revenue: Revenue fell 12.7% year on year in the current first quarter, and acquiring job seekers amid an increasingly seller's market remains a challenge
• Risk of fluctuation in the effective job openings-to-applicants ratio: Changes in the employment environment may affect business demand, and uncertainty over the economic outlook persists
• Goodwill amortization burden: Goodwill balance of ¥287 million (end of first quarter of FY2027, ending January 2027) with quarterly amortization of ¥16 million continuing to weigh on profit
• Loan repayment burden: Total long-term borrowings (including current portion) of ¥1,157 million (end of first quarter of FY2027, ending January 2027) constrain financial flexibility
• Personal information management risk: Holding a large volume of personal information on job seekers means that information leaks or security incidents could have a material impact on business continuity