Want to see JP:2124 full AI Analyst Report?
Top Page
JAC Recruitment Co., Ltd.
(2124)
Select Model
Select Model
Rating:82Outperform
Price Target:
¥1,051.00
▼(-1.31% Downside)
Action:Reiterated
Date:08/06/26
Overall score is driven primarily by very strong financial fundamentals (high margins, high ROE, minimal leverage, and solid cash generation). Valuation is supportive due to a moderate P/E and a high dividend yield. Technical indicators are mixed/neutral, which tempers the score despite the strong fundamentals.
Positive Factors
High Gross Margins
Sustained gross margins above 90% indicate structural pricing power and a low-cost delivery model for placement services. This supports durable operating leverage: modest revenue upside can flow strongly to profit and ROE, helping fund dividends and reinvestment even if top-line growth moderates.
Negative Factors
Earnings / Margin Variability
Intermittent margin and earnings swings reduce predictability of profits and cash returns. For a high-margin services model, variability can reflect mix shifts, timing of large placements, or one-off costs; such volatility complicates budgeting, dividend visibility and long-term ROE sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Sustained gross margins above 90% indicate structural pricing power and a low-cost delivery model for placement services. This supports durable operating leverage: modest revenue upside can flow strongly to profit and ROE, helping fund dividends and reinvestment even if top-line growth moderates.
Read all positive factors
JAC Recruitment Co., Ltd. (2124) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥155.15B
Dividend Yield5.83%
Average Volume (3M)234.20K
Price to Earnings (P/E)16.5
Beta (1Y)0.33
Revenue Growth15.54%
EPS Growth40.98%
CountryJP
Employees2,398
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)57.16
Shares Outstanding165,557,200
10 Day Avg. Volume210,170
30 Day Avg. Volume234,196
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)7.56
Price to Sales (P/S)3.66
P/FCF Ratio17.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,300.00Price Target Upside22.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)59.82
Revenue Forecast (FY)¥53.14B
JAC Recruitment Co., Ltd. Business Overview & Revenue Model
Company Description
Operating as a prominent human resources consultancy within Japan, JAC Recruitment Co., Ltd. specializes in talent acquisition, particularly for specialist and middle management roles. The firm delivers its recruitment solutions under a diverse po...
How the Company Makes Money
The company primarily makes money by providing recruitment placement services to corporate clients. Its core revenue stream is success-based (contingent) placement fees paid by employers when a candidate introduced by JAC Recruitment is successful...
JAC Recruitment Co., Ltd. Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
95
Very Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.84B | 46.09B | 39.16B | 34.48B | 30.43B | 24.85B |
| Gross Profit | 43.87B | 42.25B | 35.60B | 31.16B | 27.48B | 22.49B |
| EBITDA | 13.16B | 12.15B | 9.75B | 8.88B | 7.62B | 6.33B |
| Net Income | 9.07B | 8.40B | 5.61B | 5.98B | 5.03B | 3.88B |
Balance Sheet | ||||||
| Total Assets | 26.38B | 30.89B | 26.01B | 23.52B | 22.08B | 18.93B |
| Cash, Cash Equivalents and Short-Term Investments | 17.80B | 23.31B | 19.05B | 16.77B | 14.88B | 12.93B |
| Total Debt | 294.00M | 0.00 | 307.00M | 353.00M | 449.00M | 2.00M |
| Total Liabilities | 6.45B | 8.55B | 7.92B | 6.30B | 6.50B | 5.57B |
| Stockholders Equity | 19.93B | 22.34B | 18.09B | 17.22B | 15.59B | 13.37B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 9.39B | 7.93B | 6.93B | 5.60B | 5.06B |
| Operating Cash Flow | 0.00 | 9.57B | 8.12B | 7.09B | 5.91B | 5.09B |
| Investing Cash Flow | 0.00 | -8.78B | -607.00M | -461.00M | -944.00M | -436.00M |
| Financing Cash Flow | 0.00 | -4.61B | -5.31B | -4.84B | -3.17B | -5.40B |
JAC Recruitment Co., Ltd. Technical Analysis
Positive
1065.00
Price Trends
875.09
Positive
857.49
Positive
918.50
Positive
Market Momentum
15.11
Positive
55.18
Neutral
21.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2124, the sentiment is Positive. The current price of 1065 is above the 20-day moving average (MA) of 923.50, above the 50-day MA of 875.09, and above the 200-day MA of 918.50, indicating a bullish trend. The MACD of 15.11 indicates Positive momentum. The RSI at 55.18 is Neutral, neither overbought nor oversold. The STOCH value of 21.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2124.
JAC Recruitment Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥155.15B | 16.50 | ― | 2.38% | 15.54% | 40.98% | |
79 Outperform | ¥17.04T | 35.82 | 33.09% | 0.21% | 3.93% | 29.07% | |
74 Outperform | ¥255.80B | 16.86 | 32.73% | 5.84% | 2.95% | 19.02% | |
69 Neutral | ¥599.43B | 13.69 | 20.65% | 4.42% | 7.21% | 20.06% | |
69 Neutral | ¥110.70B | 14.87 | ― | 7.51% | -14.32% | -17.67% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
46 Neutral | ¥58.39B | -17.20 | -2.64% | 0.77% | -0.24% | 59.33% |
* Industrials Sector Average
JP:2124
JAC Recruitment Co., Ltd.
926.00
-88.78
-8.75%
JP:9744
Meitec
3,286.00
195.33
6.32%
JP:2168
Pasona Group
1,599.00
-444.17
-21.74%
JP:6098
Recruit Holdings Co
13,165.00
4,691.17
55.36%
JP:2181
PERSOL HOLDINGS CO
263.30
-28.94
-9.90%
JP:2146
UT Group Co.,Ltd.
183.00
19.13
11.67%
JAC Recruitment Co., Ltd. Corporate Events
JAC Recruitment Announces Minor Change in Major Shareholder’s Stake
Jul 8, 2026
JAC Recruitment Co., Ltd. has reported a change in its major shareholders as of 30 June 2026, following an update to its shareholder register by Sumitomo Mitsui Trust Bank, the administrator. Major shareholder Shingo Kanaoya slightly reduced his s...
JAC Recruitment Publishes Monthly Domestic Net Sales Data for Q1 2026
May 13, 2026
JAC Recruitment Co., Ltd. has released monthly consolidated net sales and related performance data for its domestic recruitment business for the three months ended 31 March 2026. The disclosure, which covers JAC Recruitment, JAC International, and...
JAC Recruitment Delivers Strong Start to FY2026 With Profits Up Nearly 30%
May 13, 2026
JAC Recruitment Co., Ltd. reported first-quarter fiscal 2026 consolidated results showing revenue of ¥13.54 billion and gross profit of ¥12.59 billion, both rising about 15% year on year and reaching roughly half of its first-half foreca...
JAC Recruitment Posts Double-Digit Q1 Profit Growth and Plans Higher Dividend
May 13, 2026
JAC Recruitment reported strong consolidated results for the first quarter ended March 31, 2026, with net sales rising 14.8% year on year to ¥13.54 billion and profit attributable to owners of parent jumping 28.5% to ¥3.00 billion. Earni...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.