UT Group Co.,Ltd. (JP:2146)
:2146
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UT Group Co.,Ltd.
(2146)
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Rating:69Neutral
Price Target:
¥199.00
▲(0.00% Upside)
Action:Downgraded
Date:05/16/26
The score is driven primarily by solid financial performance (strong ROE and strong cash conversion) and supportive valuation (reasonable P/E plus a high dividend yield). These positives are tempered by weak technical momentum, with the stock trading below key moving averages and negative MACD, and by recent revenue decline and margin variability.
Positive Factors
High ROE / Efficient Capital Use
Sustained high ROE (~23–26%) indicates UT Group converts equity into profitable operations efficiently. Over the medium term this supports reinvestment capacity, consistent dividend potential and signals competitive operating leverage in staffing services versus peers.
Negative Factors
Revenue Volatility / Recent Decline
Large swings in top-line growth make forecasting and capacity planning harder for a staffing business. Persistent revenue volatility can erode client contracts and margin stability, forcing more conservative hiring and weakening long-term organic growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
High ROE / Efficient Capital Use
Sustained high ROE (~23–26%) indicates UT Group converts equity into profitable operations efficiently. Over the medium term this supports reinvestment capacity, consistent dividend potential and signals competitive operating leverage in staffing services versus peers.
Read all positive factors
UT Group Co.,Ltd. (2146) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥107.61B
Dividend Yield7.51%
Average Volume (3M)257.81K
Price to Earnings (P/E)13.9
Beta (1Y)0.90
Revenue Growth-14.32%
EPS Growth-17.67%
CountryJP
Employees58,855
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)9.39
Shares Outstanding601,193,700
10 Day Avg. Volume397,440
30 Day Avg. Volume257,806
Financial Highlights & Ratios
PEG Ratio-0.89
Price to Book (P/B)3.62
Price to Sales (P/S)0.67
P/FCF Ratio14.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥180.00Price Target Upside-9.55% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)11.57
Revenue Forecast (FY)¥169.78B
UT Group Co.,Ltd. Business Overview & Revenue Model
Company Description
UT Group Co., Ltd. engages in the dispatch and outsourcing of permanent employees in the manufacturing, design and development, construction, and other sectors in Japan. The company offers factory operators, and design and development engineers di...
How the Company Makes Money
UT Group primarily makes money by charging client companies for workforce solutions. Its core revenue stream is fees from staffing/worker dispatch (haken) and related manufacturing-site employment services, where UT Group recruits and employs work...
UT Group Co.,Ltd. Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 192.34B | 166.85B | 194.75B | 167.03B | 170.63B | 156.77B |
| Gross Profit | 32.01B | 30.06B | 29.85B | 30.44B | 33.10B | 27.77B |
| EBITDA | 10.76B | 12.55B | 16.23B | 11.39B | 10.08B | 6.53B |
| Net Income | 5.58B | 7.12B | 8.96B | 6.36B | 3.83B | 3.14B |
Balance Sheet | ||||||
| Total Assets | 65.28B | 63.47B | 66.35B | 68.46B | 71.63B | 64.11B |
| Cash, Cash Equivalents and Short-Term Investments | 31.00B | 29.51B | 31.71B | 29.32B | 31.97B | 25.83B |
| Total Debt | 12.09B | 9.86B | 7.91B | 12.29B | 16.42B | 19.91B |
| Total Liabilities | 32.58B | 31.33B | 30.02B | 34.01B | 41.70B | 42.87B |
| Stockholders Equity | 31.35B | 30.79B | 34.99B | 33.23B | 28.91B | 20.35B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 7.55B | 5.62B | 3.95B | 12.94B | 2.23B |
| Operating Cash Flow | 0.00 | 7.60B | 5.68B | 3.99B | 13.00B | 2.28B |
| Investing Cash Flow | 0.00 | -331.00M | 5.87B | -210.00M | -2.14B | -6.30B |
| Financing Cash Flow | 0.00 | -9.47B | -9.14B | -6.43B | -4.75B | 4.55B |
UT Group Co.,Ltd. Technical Analysis
Negative
199.00
Price Trends
186.73
Negative
195.29
Negative
186.77
Negative
Market Momentum
-2.40
Negative
45.59
Neutral
71.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2146, the sentiment is Negative. The current price of 199 is above the 20-day moving average (MA) of 178.40, above the 50-day MA of 186.73, and above the 200-day MA of 186.77, indicating a bearish trend. The MACD of -2.40 indicates Negative momentum. The RSI at 45.59 is Neutral, neither overbought nor oversold. The STOCH value of 71.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2146.
UT Group Co.,Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥14.72T | 30.04 | 27.29% | 0.27% | 3.93% | 29.13% | |
74 Outperform | ¥231.28B | 15.52 | 28.98% | 5.57% | 3.47% | 18.14% | |
69 Neutral | ¥107.61B | 13.95 | ― | 7.51% | -14.32% | -17.67% | |
69 Neutral | ¥522.63B | 12.15 | 19.18% | 3.59% | 7.21% | 20.34% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
42 Neutral | ¥56.32B | -12.49 | -6.02% | 0.77% | -3.21% | -104.97% |
* Industrials Sector Average
JP:2146
UT Group Co.,Ltd.
178.00
21.73
13.91%
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UT Group Co.,Ltd. Corporate Events
UT Group Targets Profit Growth and 8% Margin Under Fifth Medium-Term Plan
May 15, 2026
UT Group Co., Ltd. has outlined its Fifth Medium-Term Business Plan through the fiscal year ending March 2029, targeting net sales of 185.0 billion yen, gross income of 35.0 billion yen, operating income of 15.0 billion yen, and net income of 9.1 ...
UT Group Corrects Consolidated Financial Statements for FY Ended March 31, 2026
May 15, 2026
UT Group Co., Ltd. announced a partial amendment to its consolidated financial statements for the fiscal year ended March 31, 2026, prepared under Japanese GAAP. The revision follows the discovery of items requiring correction in the consolidated ...
UT Group boosts profit margins despite revenue drop and signals 100% payout policy
May 14, 2026
UT Group Co., Ltd. reported consolidated net sales of ¥166.9 billion for the fiscal year ended March 31, 2026, down 14.3% year on year, while operating income rose 31.5% to ¥10.6 billion and ordinary income climbed 31.0% to ¥10.8 bi...
UT Group Hikes Year-End Dividend After Earnings Beat Targets
May 14, 2026
UT Group Co., Ltd. has revised its dividend forecast for the fiscal year ended March 31, 2026, deciding at its board meeting to raise the year-end dividend from a previously planned ¥2.60 per share to ¥4.00 per share, on a post–sto...
UT Group Launches Share Buyback to Fund Employee Stock Grants and Boost Capital Efficiency
May 14, 2026
UT Group Co., Ltd. has approved a share buyback program to support stock-based employee compensation and enhance capital efficiency as part of its broader human capital investment strategy. The company plans to repurchase up to 3.9 million common ...
UT Group Completes ¥635 Million Share Buyback Program
Apr 16, 2026
UT Group Co., Ltd. has completed a share repurchase program authorized by its board on February 12, 2026, acquiring a total of 3,185,900 common shares for approximately ¥635 million through market purchases on the Tokyo Stock Exchange. The Ap...
UT Group Accelerates Share Buybacks Under ¥635 Million Authorization
Apr 2, 2026
UT Group Co., Ltd. has reported progress on its share repurchase program authorized by its board in February 2026, acquiring 1,567,300 common shares on the Tokyo Stock Exchange in March for a total of ¥313,155,800. As of March 31, 2026, cumul...
UT Group Reports Progress on Share Buyback Program
Mar 3, 2026
UT Group Co., Ltd. has disclosed the status of its share repurchase program authorized by its board on February 12, 2026, reporting that it bought back 432,700 common shares for a total of 88,836,900 yen on the Tokyo Stock Exchange between Februar...
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.