Open Up Group Inc. (2154) AI Stock Analysis

• Market Cap: ¥154.04B
• Dividend Yield: 5.29%
• Average Volume (3M): 190.76K
• Price to Earnings (P/E): 12.0
• Beta (1Y): 0.59
• Revenue Growth: 13.01%
• EPS Growth: 23.41%
• Country: JP
• Employees: 32,739
• Sector: Industrials
• Sector Strength: 87
• Industry: Staffing & Employment Services
• EPS (TTM): 32.80
• Shares Outstanding: 91,812,100
• 10 Day Avg. Volume: 226,350
• 30 Day Avg. Volume: 190,760
• PEG Ratio: 0.49
• Price to Book (P/B): 2.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 12.32
• 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

• Rating: 78 Outperform
• Price Target: ¥2,059.00 ▲(20.13%Upside)

The overall score is primarily driven by strong financial performance and reasonable valuation. Technical analysis indicates neutral market conditions, slightly reducing the score. The absence of earnings call and corporate events data does not impact the score.

Open Up Group Inc. Business Overview & Revenue Model

Company Description

BeNext-Yumeshin Group Co. engages in engineer dispatching, subcontracting, outsourcing, and recruiting business for the technology and manufacturing fields in Japan and internationally. It is also involved in the development of automotive software; and dispatching, placement, and introduction of personnel. In addition, the company offers employment for disabled people. The company was formerly known as BeNEXT Group Inc. and changed its name to BeNext-Yumeshin Group Co. in April 2021. BeNext-Yumeshin Group Co. was founded in 1959 and is based in Tokyo, Japan.

How the Company Makes Money

Open Up Group Inc. Financial Statement Overview

Summary

Open Up Group Inc. shows strong financial health with consistent revenue growth, solid profitability margins, and a stable financial position. The company effectively manages its cash flows, though recent declines in free cash flow growth require monitoring.

Income Statement

The company has shown consistent revenue growth, with a 10.41% increase in TTM revenue compared to the previous year. Gross profit margin stands at 24.55%, and the net profit margin is 6.35%, both indicating solid profitability. EBIT and EBITDA margins, at 7.74% and 9.40% respectively, highlight efficient operations. The robust growth trajectory and healthy margins contribute to a strong income statement performance.

Balance Sheet

The company maintains a strong equity position with an equity ratio of 65.98% and a low debt-to-equity ratio of 0.07, reflecting financial stability. Return on equity (ROE) is healthy at 16.38%, suggesting effective use of equity capital to generate profits. The solid balance sheet is characterized by low leverage and strong shareholder equity.

Cash Flow

Operating cash flow is robust, supporting a high free cash flow to net income ratio of 0.99, indicating strong cash generation relative to earnings. However, the free cash flow growth rate showed a decline of 33.72% in the most recent period, which might raise concerns about future cash flow sustainability. Despite this, the operating cash flow to net income ratio of 1.06 demonstrates efficient cash flow management.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	193.36B	173.22B	150.70B	148.57B	95.11B	81.75B
Gross Profit	47.46B	42.00B	38.80B	34.43B	19.27B	15.81B
EBITDA	18.18B	16.45B	14.51B	12.76B	-23.08B	5.88B
Net Income	12.28B	11.77B	9.53B	6.97B	2.61B	1.33B
Balance Sheet
Total Assets	113.57B	116.57B	101.49B	96.52B	129.37B	31.73B
Cash, Cash Equivalents and Short-Term Investments	14.53B	21.51B	17.30B	13.64B	21.09B	11.16B
Total Debt	5.04B	1.64B	1.53B	1.85B	11.69B	3.57B
Total Liabilities	38.58B	43.22B	36.48B	33.18B	33.21B	16.96B
Stockholders Equity	74.97B	73.20B	64.96B	63.31B	96.03B	14.65B
Cash Flow
Free Cash Flow	12.23B	18.45B	14.87B	14.94B	3.20B	4.46B
Operating Cash Flow	13.02B	19.18B	15.60B	15.50B	3.51B	4.82B
Investing Cash Flow	-10.59B	-5.03B	611.00M	-2.16B	-1.35B	-1.99B
Financing Cash Flow	-8.92B	-8.89B	-12.67B	-22.05B	-5.16B	-1.83B

Open Up Group Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1714.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2154, the sentiment is Neutral. The current price of 1714 is above the 20-day moving average (MA) of 1681.80, below the 50-day MA of 1727.13, and below the 200-day MA of 1792.83, indicating a neutral trend. The MACD of -19.24 indicates Negative momentum. The RSI at 51.85 is Neutral, neither overbought nor oversold. The STOCH value of 36.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2154.

Open Up Group Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2146	86 Outperform	¥97.50B	10.86		4.20%	16.59%	40.77%
2168	79 Outperform	¥86.78B	1.00	90.72%	0.65%	-11.30%	6369.78%
2154	78 Outperform	¥154.04B	12.03		5.29%	13.01%	23.41%
2124	76 Outperform	¥165.19B	24.76		2.59%	17.37%	7.93%
4848	74 Outperform	¥61.25B	13.28		3.53%	-2.99%	-27.98%
Sector *	67 Neutral	€8.43B	18.51	6.19%	2.63%	2.39%	-39.55%
9744	66 Neutral	¥243.16B	19.24	26.03%	0.95%	4.77%	-7.66%

Open Up Group Inc. Corporate Events

Open Up Group Inc. Reports May 2025 Utilization Rates

Open Up Group Inc. reported its monthly utilization rates and number of domestic engineers for May 2025, indicating a slight increase in the overall utilization rate compared to the previous month. The company saw a year-on-year increase in the number of employees but a decrease in the utilization rate, reflecting changes in workforce dynamics and potentially impacting its operational efficiency.

Open Up Group Inc. Announces Subsidiary Merger to Boost Efficiency

Open Up Group Inc. announced a merger between its subsidiaries, Open Up Construction Inc. and Yumeshin Co., Ltd., to enhance operational efficiency and speed of execution in its construction segment. The merger, effective January 1, 2026, will see Yumeshin as the surviving entity, renamed Open Up Fielding Inc., with no changes to capital stock or issuance of new shares, as both companies are wholly owned by Open Up Group.

Open Up Group Inc. Announces Leadership Change

Open Up Group Inc. announced a leadership change with Yutaka Nishida assuming the role of President in addition to his current positions as Chairman and CEO. This change follows the resignation of Daio Sato, the current President and COO, effective at the end of June 2025, which may impact the company’s strategic direction and operational focus.

Open Up Group Reports April 2025 Engineer Utilization Rates

Open Up Group Inc. reported a slight decrease in the utilization rate of its engineers as of April 2025, despite an increase in the total number of engineers employed. The company saw a month-on-month increase of 103 engineers, with a utilization rate drop of 1.9 percentage points, reflecting potential challenges in optimizing workforce deployment.

Open Up Group Inc. Reports Revenue Growth and Increased Dividends

Open Up Group Inc. reported a 15.9% increase in revenue for the nine months ending March 31, 2025, compared to the previous year. The company’s financial position strengthened with a higher equity ratio, and it announced an increase in annual dividends, reflecting a positive outlook for stakeholders.