Open Up Group Inc. (JP:2154)
:2154
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Open Up Group Inc.
(2154)
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Rating:70Outperform
Price Target:
¥1,896.00
▲(2.99% Upside)
Action:ReiteratedDate:03/24/26
Score is driven primarily by strong financial quality (profitability, low leverage, solid cash conversion) and supportive valuation (low P/E and high dividend). These positives are partly offset by weak technical momentum and the recent TTM revenue decline.
Positive Factors
Margin recovery
The company recovered from the 2021 loss to deliver TTM gross margins around 26.9% and net margins ~7.7%. Sustained margins improve cash generation and profitability resilience, supporting reinvestment, service quality, and shareholder distributions over the medium term.
Negative Factors
Revenue decline
TTM revenue turned negative (about -5.7%), with longer-run fundamentals showing revenue growth weakness. Persistent top-line contraction would strain operating leverage, limit reinvestment capacity and pressure margins and returns if demand softness or normalization continues over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin recovery
The company recovered from the 2021 loss to deliver TTM gross margins around 26.9% and net margins ~7.7%. Sustained margins improve cash generation and profitability resilience, supporting reinvestment, service quality, and shareholder distributions over the medium term.
Read all positive factors
Open Up Group Inc. (2154) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥165.97B
Dividend Yield4.01%
Average Volume (3M)225.52K
Price to Earnings (P/E)10.6
Beta (1Y)0.67
Revenue Growth0.27%
EPS Growth9.15%
CountryJP
Employees32,739
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)43.55
Shares Outstanding90,822,815
10 Day Avg. Volume183,630
30 Day Avg. Volume225,516
Financial Highlights & Ratios
PEG Ratio1.83
Price to Book (P/B)1.88
Price to Sales (P/S)0.79
P/FCF Ratio11.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)138.83
Revenue Forecast (FY)¥168.32B
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...
How the Company Makes Money
null...
Open Up Group Inc. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
77
Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 170.49B | 187.95B | 173.22B | 150.70B | 148.57B | 98.89B |
| Gross Profit | 45.79B | 45.11B | 40.02B | 34.79B | 31.54B | 17.54B |
| EBITDA | 18.06B | 18.04B | 16.45B | 13.68B | 12.56B | 6.73B |
| Net Income | 13.16B | 12.56B | 11.77B | 9.53B | 6.97B | -27.12B |
Balance Sheet | ||||||
| Total Assets | 125.48B | 122.70B | 116.57B | 101.49B | 96.52B | 105.83B |
| Cash, Cash Equivalents and Short-Term Investments | 21.11B | 20.35B | 21.51B | 16.08B | 12.40B | 21.14B |
| Total Debt | 9.98B | 7.66B | 3.92B | 7.05B | 4.17B | 13.37B |
| Total Liabilities | 47.85B | 43.83B | 43.22B | 36.47B | 33.17B | 41.11B |
| Stockholders Equity | 77.59B | 78.83B | 73.20B | 64.96B | 63.31B | 64.94B |
Cash Flow | ||||||
| Free Cash Flow | 16.95B | 13.39B | 18.60B | 15.17B | 15.06B | 5.04B |
| Operating Cash Flow | 17.51B | 14.16B | 19.18B | 15.60B | 15.50B | 5.23B |
| Investing Cash Flow | -2.04B | -5.92B | -5.03B | 611.00M | -2.16B | -1.38B |
| Financing Cash Flow | -11.94B | -9.32B | -8.89B | -12.67B | -22.05B | -6.58B |
Open Up Group Inc. Technical Analysis
Positive
1841.00
Price Trends
1838.04
Positive
1822.24
Positive
1775.06
Positive
Market Momentum
1.12
Negative
58.58
Neutral
91.35
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2154, the sentiment is Positive. The current price of 1841 is above the 20-day moving average (MA) of 1789.10, above the 50-day MA of 1838.04, and above the 200-day MA of 1775.06, indicating a bullish trend. The MACD of 1.12 indicates Negative momentum. The RSI at 58.58 is Neutral, neither overbought nor oversold. The STOCH value of 91.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2154.
Open Up Group Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ¥253.27B | 16.33 | 28.98% | 5.57% | 4.09% | 17.10% | |
75 Outperform | ¥147.09B | 20.10 | ― | 2.38% | 20.17% | 32.32% | |
73 Outperform | ¥9.96T | 21.38 | 27.29% | 0.27% | 1.23% | 26.94% | |
70 Outperform | ¥165.97B | 10.56 | ― | 4.01% | 0.27% | 9.15% | |
66 Neutral | ¥547.17B | 15.57 | 19.18% | 3.59% | 6.95% | 13.63% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
42 Neutral | ¥75.56B | -1,275.30 | -6.02% | 0.77% | -9.70% | -108.59% |
* Industrials Sector Average
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Open Up Group Inc. Corporate Events
Open Up Group Sees M&G Lift Stake Above 10%, Altering Major Shareholder Roster
Feb 27, 2026
Open Up Group Inc. reported a change in its major shareholder structure after MG Investment Management Limited and its joint holder MG Investments (Singapore) Pte. Ltd. increased their stake. The investment managers, headquartered in London and Si...
Open Up Group Retires 1 Million Treasury Shares to Streamline Equity Base
Feb 27, 2026
Open Up Group Inc. has completed the cancellation of 1,000,000 shares of its common stock, following a board resolution earlier in February. The move reduces the company’s total issued and outstanding shares to 90,822,812, tightening its sha...
Open Up Group Maintains High Engineer Utilization Despite Slight January Headcount Decline
Feb 27, 2026
Open Up Group reported that its total domestic engineer headcount declined slightly to 24,257 at the end of January 2026, down 184 month-on-month, largely due to increased transfers to client companies, while the overall utilization rate eased 0.3...
Open Up Group to Cancel 1 Million Treasury Shares to Optimize Capital Structure
Feb 6, 2026
Open Up Group Inc. has resolved to cancel 1,000,000 of its common treasury shares, representing 1.1% of its outstanding shares, as part of a broader capital policy aimed at optimizing its balance sheet and enhancing capital efficiency. The cancell...
Open Up Group Lifts Profit and Dividend Despite Revenue Drop in First Half
Feb 6, 2026
Open Up Group reported consolidated revenue of ¥83.57 billion for the six months ended December 31, 2025, down 17.3% year on year, but slightly increased business profit and operating profit of about ¥8.9–9.1 billion, as well as a ...
Open Up Group Posts Higher Engineer Utilization Rates Despite Mixed Headcount Trends in December
Jan 23, 2026
Open Up Group Inc. reported that its total number of domestic engineers stood at 24,441 at the end of December 2025, with an overall utilization rate of 94.9%, slightly higher month-on-month and up 1.0 percentage point year-on-year, indicating sol...
Open Up Group Lifts Engineer Headcount and Utilization Rates in November
Dec 26, 2025
Open Up Group reported that its total domestic engineer headcount rose to 24,446 at the end of November 2025, up 82 month-on-month and 295 year-on-year, with the overall utilization rate improving to 94.6%. The machinery, electric and IT segment l...
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.