OpenWork Inc. driven by strong performance of OpenWork Recruiting service
OpenWork Inc. <5139> announced on May 14 its non-consolidated financial results for the first quarter ended March 31, 2026, reporting an operating income of 504 million yen, up 55.4% year-on-year. This represents a progress rate exceeding 34% against its full-year guidance of 1.45 billion yen.
The overall performance was driven by strong growth in its recruitment service "OpenWork Recruiting," where operating revenue surged 43.5% year-on-year to 995 million yen. The number of registered web resumes increased 21.4% to 1.75 million, while cumulative corporate clients grew 10.2% to 6,385, expanding on both the supply and demand sides. Additionally, its employee review platform "OpenWork" performed steadily, with operating revenue rising 8.3% to 335 million yen and users increasing 11.0% to 7.96 million. The company plans to transition to consolidated financial reporting from the second quarter following its acquisition of BNG Partners as a subsidiary.
Although the stock has faced resistance at higher levels, the daily chart shows its 25-day and 75-day moving averages converging. A potential golden cross could provide the momentum needed for a rebound.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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