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Stocks

Japanese staffing stocks climb on work reform

Temp dispatchers, labor management companies gain ground

TOKYO -- Investors are optimistic about Japanese companies seen as benefiting from work reform efforts, driving up stock prices of staffing agencies and personnel management businesses even as the Nikkei Stock Average drops.

Creek & River, which dispatches temporary creative workers and produces content under contract, is trading 21% higher than Dec. 20, the day Tokyo announced a set of "equal pay for equal work" guidelines. A company publicist says C&R has received lots of inquiries from businesses short on labor, such as in the video game industry. It expects to post an 800 million yen ($6.93 million) group net profit for the fiscal year ending in February, up 28% on the year.

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