PERSOL HOLDINGS CO (2181) AI Stock Analysis

• Market Cap: ¥622.84B
• Dividend Yield: 3.24%
• Average Volume (3M): 5.79M
• Price to Earnings (P/E): 17.0
• Beta (1Y): 0.69
• Revenue Growth: 9.35%
• EPS Growth: 21.50%
• Country: JP
• Employees: 65,730
• Sector: Industrials
• Sector Strength: 90
• Industry: Staffing & Employment Services
• EPS (TTM): 2.17
• Shares Outstanding: 2,278,437,700
• 10 Day Avg. Volume: 5,472,030
• 30 Day Avg. Volume: 5,793,133
• PEG Ratio: -0.76
• Price to Book (P/B): 3.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.49
• 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: ¥259.65
• Price Target Upside: -5.27% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 78 Outperform
• Price Target: ¥310.00 ▲(13.10%Upside)

PERSOL HOLDINGS CO's strong financial performance, marked by consistent revenue and profit growth, is the primary driver of its solid stock score. The technical analysis supports this with bullish trends, although caution is advised due to the near-overbought RSI. The stock's valuation is fair, with an attractive dividend yield contributing to its overall appeal.

PERSOL HOLDINGS CO Business Overview & Revenue Model

Company Description

Persol Holdings Co., Ltd. provides human resource services under the PERSOL brand worldwide. The company offers general worker dispatching, permanent placement, outsourcing, and other services. It also provides temporary staffing services, such as clerical work, research, clinical development, sales, and light work; outsourcing services, including clerical work, government office contract, call center, helpdesk, CRO, and manufacturing; and temporary job placement services. In addition, the company offers permanent placement mid-career and new grad recruitment; career change media and direct recruiting; executive and advisory placement; outplacement support; and career training services. Further, it provides IT and business outsourcing, digital solutions and system development, business consulting, and engineering services; and digital solutions, such as employment, human resources management, and education, as well as incubation programs. Additionally, the company offers equipment/facility maintenance, outsourcing, human resource management consulting, and education/training services. The company was formerly known as Temp Holdings Co., Ltd. and changed its name to Persol Holdings Co., Ltd. in July 2017. The company was incorporated in 2008 and is headquartered in Tokyo, Japan.

How the Company Makes Money

PERSOL HOLDINGS CO. generates revenue primarily through its staffing services, which include temporary and permanent placements. The company earns fees by matching job seekers with employers and charging clients for these recruitment services. Additionally, PERSOL offers outsourcing services, where it manages specific business functions or processes for clients, often on a contract basis. The company also invests in technology solutions, developing HR-related software and platforms that contribute to its revenue streams. Strategic partnerships and acquisitions in the HR and technology sectors further enhance PERSOL's ability to expand its market presence and revenue potential.

PERSOL HOLDINGS CO Financial Statement Overview

Summary

PERSOL HOLDINGS CO exhibits a solid financial position with consistent revenue and profit growth, effective cost management, and strong cash flow generation. The balance sheet reflects prudent leverage and strong equity, supporting long-term stability. These factors contribute to a robust financial outlook, positioning the company well within the staffing and employment services industry.

Income Statement

PERSOL HOLDINGS CO has demonstrated strong revenue growth over the years, with a notable increase of 9.37% from 2024 to 2025. The gross profit margin shows a solid performance at approximately 22.88% for 2025, indicating efficient cost management. The net profit margin has improved to 2.47% in 2025, reflecting enhanced profitability. EBIT and EBITDA margins stand at 4.00% and 6.38% respectively, showing healthy operational efficiency. The consistent growth and profitability improvements highlight strong financial health.

Balance Sheet

The company's balance sheet reflects a strong equity position with an equity ratio of approximately 35.13% in 2025, indicating solid financial stability. The debt-to-equity ratio is managed well at 0.41, showcasing prudent financial leverage. Return on equity is commendable at 18.91% for 2025, reflecting effective use of shareholders' equity to generate profits. Overall, the balance sheet presents a stable financial foundation with manageable leverage.

Cash Flow

PERSOL HOLDINGS CO has shown robust cash flow management, with a free cash flow growth rate of 2.32% from 2024 to 2025. The operating cash flow to net income ratio is strong at 1.92, indicating efficient conversion of profits into cash. The free cash flow to net income ratio is 1.78, further demonstrating strong cash generation. The company maintains positive cash flow trends, supporting its financial flexibility and growth prospects.

Breakdown
Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
1.45T	1.33T	1.22T	1.06T	950.72B
	Gross Profit
332.13B	301.16B	282.64B	240.84B	201.41B
	EBIT
57.98B	53.77B	53.06B	48.14B	26.44B
	EBITDA
92.56B	80.06B	72.78B	67.15B	45.66B
	Net Income Common Stockholders
35.87B	29.97B	22.76B	31.91B	15.34B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
82.82B	108.37B	99.76B	107.55B	83.16B
	Total Assets
539.75B	518.73B	442.16B	421.78B	383.42B
	Total Debt
77.28B	68.99B	54.96B	53.46B	64.31B
	Net Debt
-5.54B	-39.38B	-44.80B	-54.08B	-18.85B
	Total Liabilities
333.36B	310.41B	241.43B	217.47B	208.26B
	Stockholders Equity
189.63B	192.35B	185.51B	183.00B	157.12B
Cash Flow		Free Cash Flow
63.72B	62.27B	39.36B	39.70B	25.34B
	Operating Cash Flow
68.85B	77.75B	52.80B	50.69B	37.57B
	Investing Cash Flow
-29.77B	-19.00B	-22.50B	-7.06B	-14.02B
	Financing Cash Flow
-63.88B	-53.80B	-38.27B	-21.14B	-17.97B

PERSOL HOLDINGS CO Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 274.10
• 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:2181, the sentiment is Positive. The current price of 274.1 is above the 20-day moving average (MA) of 269.95, above the 50-day MA of 257.16, and above the 200-day MA of 247.40, indicating a bullish trend. The MACD of 4.48 indicates Positive momentum. The RSI at 59.55 is Neutral, neither overbought nor oversold. The STOCH value of 62.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2181.

PERSOL HOLDINGS CO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2181	78 Outperform	¥622.84B	16.95	18.49%	3.24%	9.35%	21.50%
Sector *	66 Neutral	$4.49B	12.34	5.40%	248.65%	4.13%	-12.33%
MEITF		$1.69B	20.48	26.03%	5.87%	―	―
9D4		€525.51M	0.98	90.72%	0.68%	―	―
TXHPF		$2.84B	24.93	21.58%	2.01%	―	―
2146	86 Outperform	¥98.22B	10.94		5.53%	16.59%	40.77%
2124	76 Outperform	¥163.38B	24.49		2.64%	17.37%	7.93%

PERSOL HOLDINGS CO Corporate Events

PERSOL HOLDINGS Announces Treasury Share Disposal for Employee Incentives

PERSOL HOLDINGS CO., LTD. announced the disposal of treasury shares as part of a Restricted Stock Compensation scheme aimed at incentivizing management-level employees and directors. This initiative is designed to enhance enterprise value and promote value sharing with shareholders, impacting 3,387 individuals across the company and its subsidiaries in Japan.

The most recent analyst rating on (JP:2181) stock is a Buy with a Yen390.00 price target. To see the full list of analyst forecasts on PERSOL HOLDINGS CO stock, see the JP:2181 Stock Forecast page.

PERSOL HOLDINGS Reports Strong Financial Growth and Announces Dividend Increase

PERSOL HOLDINGS CO., LTD. reported a significant increase in its consolidated financial results for the fiscal year ending March 31, 2025, with a 9.4% rise in revenue and a 19.7% increase in profit attributable to owners of the parent. The company also announced a dividend increase, reflecting its strong financial performance and commitment to shareholder returns. The stock split conducted in October 2023 has impacted earnings per share calculations, and the company has set a target dividend payout ratio of around 50% of adjusted EPS.

The most recent analyst rating on (JP:2181) stock is a Buy with a Yen390.00 price target. To see the full list of analyst forecasts on PERSOL HOLDINGS CO stock, see the JP:2181 Stock Forecast page.

PERSOL HOLDINGS Announces Increased Year-End Dividend

PERSOL HOLDINGS CO., LTD. has announced an increase in its year-end dividend per share from 4.50 yen to 5.00 yen, reflecting its commitment to shareholder returns. This decision aligns with the company’s target payout ratio of approximately 50% of adjusted EPS, demonstrating its strategic focus on enhancing shareholder value.

The most recent analyst rating on (JP:2181) stock is a Buy with a Yen390.00 price target. To see the full list of analyst forecasts on PERSOL HOLDINGS CO stock, see the JP:2181 Stock Forecast page.