UT Group Co.,Ltd. (2146) AI Stock Analysis

• Market Cap: ¥109.43B
• Dividend Yield: 7.9%
• Average Volume (3M): 224.40K
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.88
• Revenue Growth: 13.16%
• EPS Growth: -40.17%
• Country: JP
• Employees: 58,855
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 39.67
• Shares Outstanding: 39,908,184
• 10 Day Avg. Volume: 203,060
• 30 Day Avg. Volume: 224,396
• PEG Ratio: 0.22
• Price to Book (P/B): 2.32
• Price to Sales (P/S): 0.42
• P/FCF Ratio: 14.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 179.3
• Revenue Forecast (FY): ¥171.59B

• Rating: 79 Outperform
• Price Target: ¥3,153.00 ▲(15.28% Upside)

UT Group Co., Ltd. demonstrates strong financial performance with robust revenue growth and profitability, supported by a stable balance sheet and strong cash flow. The technical analysis indicates a positive trend, and the stock offers a good dividend yield, making it an attractive investment. The absence of earnings call data and corporate events does not impact the overall score significantly.

UT Group Co.,Ltd. Business Overview & Revenue Model

Company Description

UT Group Co., Ltd. (2146) is a diversified company operating primarily in the human resources and staffing sectors. The company specializes in offering comprehensive staffing services, including temporary staffing, permanent placement, and human resource outsourcing. Its core services are designed to meet the workforce needs of a broad range of industries, enhancing operational efficiency for client businesses.

How the Company Makes Money

The company makes money through its diverse range of staffing solutions. Key revenue streams include fees charged for temporary staffing services, which are based on a percentage of the salaries of the placed workers. Additionally, the company generates income from permanent placement services, where it receives a commission for successfully placing candidates in full-time positions, typically calculated as a percentage of the candidate's first-year salary. UT Group also earns revenue through its human resource outsourcing services, where businesses pay for the management of specific HR functions, allowing them to focus on core operations. Moreover, strategic partnerships with various companies help expand its client base, contributing to stable and recurring revenue.

UT Group Co.,Ltd. Financial Statement Overview

Summary

UT Group Co., Ltd. exhibits strong financial health with robust revenue growth and profitability, supported by a stable balance sheet and strong cash flow generation. While operational efficiency could be improved, the company maintains a low-risk financial profile with good liquidity and low leverage.

Income Statement

The company has demonstrated strong revenue growth with a significant increase from 2024 to 2025. Gross profit and net profit margins are healthy, indicating efficient cost management. However, a slight decline in EBIT margin suggests some operational challenges. Overall, the income statement reflects robust growth and profitability.

Balance Sheet

The balance sheet shows a solid equity base with a favorable debt-to-equity ratio, indicating low leverage. The equity ratio is strong, reflecting financial stability. However, the decrease in total assets over the years could be a concern if it continues. Overall, the balance sheet is stable with low financial risk.

Cash Flow

The company has shown impressive free cash flow growth, indicating strong cash generation capabilities. The operating cash flow to net income ratio is healthy, suggesting good cash conversion. However, fluctuations in investing and financing cash flows could pose potential risks. Overall, cash flow management appears strong with good liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	192.34B	194.75B	167.03B	170.63B	156.77B	115.13B
Gross Profit	32.01B	29.85B	30.44B	33.10B	27.77B	21.60B
EBITDA	10.76B	16.23B	11.39B	10.08B	6.53B	7.88B
Net Income	5.58B	8.96B	6.36B	3.83B	3.14B	4.30B
Balance Sheet
Total Assets	65.28B	66.35B	68.46B	71.63B	64.11B	52.67B
Cash, Cash Equivalents and Short-Term Investments	31.00B	31.71B	29.32B	31.97B	25.83B	25.27B
Total Debt	12.09B	7.91B	12.29B	16.42B	19.91B	11.72B
Total Liabilities	32.58B	30.02B	34.02B	41.70B	42.88B	32.47B
Stockholders Equity	31.35B	34.99B	33.23B	28.91B	20.35B	19.69B
Cash Flow
Free Cash Flow	0.00	5.62B	2.47B	10.49B	781.00M	6.37B
Operating Cash Flow	0.00	5.68B	3.99B	13.00B	2.28B	6.65B
Investing Cash Flow	0.00	5.87B	-210.00M	-2.14B	-6.30B	-2.41B
Financing Cash Flow	0.00	-9.14B	-6.43B	-4.75B	4.55B	2.61B

UT Group Co.,Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2735.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2146, the sentiment is Positive. The current price of 2735 is below the 20-day moving average (MA) of 2749.20, above the 50-day MA of 2727.57, and above the 200-day MA of 2340.06, indicating a neutral trend. The MACD of 5.71 indicates Positive momentum. The RSI at 51.29 is Neutral, neither overbought nor oversold. The STOCH value of 48.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2146.

UT Group Co.,Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2146	79 Outperform	¥109.43B	19.45	―	7.90%	13.16%	-40.17%
7088	73 Outperform	¥65.81B	22.57	―	4.76%	10.29%	22.04%
4848	72 Outperform	¥59.20B	12.39	―	3.69%	0.16%	-21.98%
2124	67 Neutral	¥168.32B	23.17	―	2.54%	19.22%	20.94%
4641	66 Neutral	¥42.24B	12.82	―	3.58%	7.59%	13.69%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
2168	43 Neutral	€72.51B	-9.29	-6.02%	0.78%	-9.70%	-108.59%

UT Group Co.,Ltd. Corporate Events

UT Group Co., Ltd. Reports Progress on Share Repurchase Program

UT Group Co., Ltd. announced the status of its stock repurchase program, which was initiated following a Board of Directors’ resolution in August 2025. During September 2025, the company acquired 50,000 common shares for approximately 137.4 million yen through the Tokyo Stock Exchange. This move is part of a larger plan to acquire up to 300,000 shares by November 2025, reflecting the company’s strategic efforts to manage its capital structure.

The most recent analyst rating on (JP:2146) stock is a Buy with a Yen2934.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.

UT Group Announces Stock Split and Dividend Revision

UT Group Co., Ltd. has announced a 15-for-1 stock split to improve share liquidity and expand its investor base. This move will significantly increase the number of issued shares, necessitating amendments to the Articles of Incorporation and a revision of the dividend forecast, with no effective change in dividend per share.

The most recent analyst rating on (JP:2146) stock is a Buy with a Yen2934.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.

UT Group Co., Ltd. Introduces Stock-Based Compensation Plan to Boost Employee Engagement

UT Group Co., Ltd. has announced a new stock-based compensation plan aimed at increasing employee engagement and retention. The plan involves acquiring and disposing of treasury stock equivalent to 30% of net income, rewarding employees based on their working hours with company shares. This initiative is expected to attract new hires and boost corporate value over the medium to long term.

The most recent analyst rating on (JP:2146) stock is a Buy with a Yen2934.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.

UT Group Announces Share Buyback to Boost Capital Efficiency

UT Group Co., Ltd. has announced a decision to repurchase up to 300,000 of its own common shares, representing 0.8% of the total outstanding shares, with an investment of up to 463 million yen. This move is aimed at improving capital efficiency and supporting human capital investments to foster sustainable growth. The acquisition will take place on the Tokyo Stock Exchange between August 12 and November 13, 2025.

The most recent analyst rating on (JP:2146) stock is a Hold with a Yen1900.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.

UT Group Co., Ltd. Announces Dividend Payment for Q1 FY3/2026

UT Group Co., Ltd. has announced a dividend payment from surplus for the first quarter of FY3/2026, with a dividend of 40.19 yen per share based on a 100% payout ratio of the quarterly net profit. This decision reflects the company’s commitment to returning profits to shareholders, with the total dividend amounting to 1,544 million yen, effective September 22, 2025. The company’s Articles of Incorporation allow for capital surplus distribution through Board resolutions, emphasizing shareholder returns as a key management issue.

The most recent analyst rating on (JP:2146) stock is a Hold with a Yen1900.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.