Pasona Group Inc. (JP:2168)
:2168
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Pasona Group
(2168)
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Rating:42Neutral
Price Target:
¥1,436.00
▼(-29.09% Downside)
Action:Reiterated
Date:11/18/25
The overall stock score of 42 reflects significant financial and technical challenges. The company's declining revenue and profitability, coupled with cash flow issues, weigh heavily on the score. Technical indicators show bearish momentum, and the valuation is unattractive with a negative P/E ratio. These factors collectively suggest a cautious outlook for the stock.
Positive Factors
Improved Leverage / Balance Sheet
A materially lower debt-to-equity ratio (0.24) and stable equity ratio improve financial flexibility for a staffing firm that faces seasonal working capital needs. Reduced leverage lowers default risk, preserves borrowing capacity for investments, and gives management time to execute operational fixes without urgent refinancing pressure.
Negative Factors
Declining Revenue and Losses
Sustained revenue decline and a negative net profit margin signal structural demand or execution issues. Persistent topline contraction and losses erode reinvestment capacity, impair talent acquisition, and can weaken client retention, making it harder to restore scale and profitability without strategic changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage / Balance Sheet
A materially lower debt-to-equity ratio (0.24) and stable equity ratio improve financial flexibility for a staffing firm that faces seasonal working capital needs. Reduced leverage lowers default risk, preserves borrowing capacity for investments, and gives management time to execute operational fixes without urgent refinancing pressure.
Read all positive factors
Pasona Group (2168) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥56.32B
Dividend Yield0.77%
Average Volume (3M)128.44K
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue Growth-3.21%
EPS Growth-104.97%
CountryJP
Employees8,735
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)-114.28
Shares Outstanding40,190,300
10 Day Avg. Volume154,590
30 Day Avg. Volume128,443
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.66
Price to Sales (P/S)0.29
P/FCF Ratio-6.36
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)49.3
Revenue Forecast (FY)¥323.71B
Pasona Group Business Overview & Revenue Model
Company Description
Pasona Group Inc. provides human resources, temporary staffing, and contracting and outsourcing services in Japan. Its business process outsourcing (BPO) services include expert, place and search, Career development support, fringe benefit outsour...
How the Company Makes Money
Pasona Group primarily makes money by delivering human resources services and charging fees tied to the sourcing, assignment, and management of workers for client organizations. Key revenue streams typically include: (1) temporary staffing/worker ...
Pasona Group Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | May 2024 | May 2024 | May 2023 | May 2022 | May 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 309.80B | 309.24B | 356.73B | 372.58B | 366.10B | 334.54B |
| Gross Profit | 69.55B | 67.96B | 84.83B | 91.53B | 89.67B | 82.97B |
| EBITDA | -292.00M | -2.40B | 113.01B | 23.01B | 27.71B | 21.45B |
| Net Income | -4.39B | -8.66B | 95.89B | 6.10B | 8.62B | 6.78B |
Balance Sheet | ||||||
| Total Assets | 229.28B | 266.78B | 302.52B | 279.09B | 205.95B | 153.24B |
| Cash, Cash Equivalents and Short-Term Investments | 85.89B | 139.27B | 192.28B | 123.07B | 66.95B | 54.53B |
| Total Debt | 38.81B | 32.68B | 42.34B | 58.33B | 53.16B | 33.82B |
| Total Liabilities | 95.45B | 125.64B | 147.85B | 207.46B | 138.80B | 103.46B |
| Stockholders Equity | 127.77B | 134.94B | 148.49B | 54.00B | 49.99B | 38.16B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -14.00B | -12.75B | -7.66B | -6.20B | 10.12B |
| Operating Cash Flow | 0.00 | 4.33B | 7.40B | 5.96B | 10.12B | 18.87B |
| Investing Cash Flow | 0.00 | -47.60B | 94.81B | -12.50B | -29.62B | -9.66B |
| Financing Cash Flow | 0.00 | -15.05B | -13.44B | -2.29B | 23.54B | -5.15B |
Pasona Group Technical Analysis
Negative
2025.00
Price Trends
1703.55
Negative
1818.23
Negative
1880.83
Negative
Market Momentum
-30.48
Positive
31.59
Neutral
4.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2168, the sentiment is Negative. The current price of 2025 is above the 20-day moving average (MA) of 1605.38, above the 50-day MA of 1703.55, and above the 200-day MA of 1880.83, indicating a bearish trend. The MACD of -30.48 indicates Positive momentum. The RSI at 31.59 is Neutral, neither overbought nor oversold. The STOCH value of 4.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2168.
Pasona Group 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% | |
75 Outperform | ¥143.47B | 14.92 | ― | 2.38% | 15.54% | 40.98% | |
69 Neutral | ¥522.63B | 12.15 | 19.18% | 3.59% | 7.21% | 20.34% | |
69 Neutral | ¥107.61B | 13.95 | ― | 7.51% | -14.32% | -17.67% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | ¥52.71B | 10.74 | ― | 3.66% | 25.14% | 5.40% | |
42 Neutral | ¥56.32B | -12.49 | -6.02% | 0.77% | -3.21% | -104.97% |
* Industrials Sector Average
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Pasona Group Corporate Events
Pasona Slashes Full-Year Profit Outlook on Recruitment and New Business Delays
Apr 14, 2026
Pasona Group has sharply downgraded its full-year consolidated forecast for the fiscal year ending May 31, 2026, citing operational issues in its recruitment agency business and delays in new ventures. The company now projects net sales of ¥3...
Pasona Narrows Losses but Sticks to Generous Dividend Despite Continued Red Ink
Apr 14, 2026
Pasona Group reported consolidated net sales of ¥229.5 billion for the nine months to February 28, 2026, essentially flat year on year, while posting an operating loss of ¥1.3 billion and a net loss attributable to owners of the parent o...
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.