PERSOL HOLDINGS CO (2181) AI Stock Analysis

• Market Cap: ¥579.21B
• Dividend Yield: 4.14%
• Average Volume (3M): 6.00M
• Price to Earnings (P/E): 16.8
• Beta (1Y): 0.55
• Revenue Growth: 7.71%
• EPS Growth: 3.01%
• Country: JP
• Employees: 65,730
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 4.86
• Shares Outstanding: 2,278,437,700
• 10 Day Avg. Volume: 5,950,710
• 30 Day Avg. Volume: 6,000,540
• PEG Ratio: 0.69
• Price to Book (P/B): 2.90
• Price to Sales (P/S): 0.38
• P/FCF Ratio: 8.63
• 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: ¥355.07
• Price Target Upside: 36.51% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ¥278.00 ▲(6.88% Upside)

PERSOL HOLDINGS CO's overall stock score is driven by strong financial performance, with robust revenue growth and profitability. However, technical analysis indicates a bearish trend, which weighs down the score. The valuation is reasonable, supported by a healthy dividend yield. Investors should be cautious of the negative free cash flow growth and monitor market momentum closely.

PERSOL HOLDINGS CO Business Overview & Revenue Model

Company Description

PERSOL HOLDINGS CO (2181) is a leading human resource and staffing company based in Japan, operating primarily in the staffing and recruitment sector. The company offers a range of services including temporary staffing, permanent placement, and outsourcing solutions across various industries. PERSOL is known for its innovative workforce solutions, leveraging technology to enhance recruitment processes and improve the match between candidates and job opportunities. The company operates under several brands, catering to diverse market needs and providing tailored HR solutions to businesses and job seekers.

How the Company Makes Money

PERSOL HOLDINGS generates revenue primarily through its staffing and recruitment services, which include placement fees for permanent hires and fees for temporary staffing services. The company charges clients based on a percentage of the employee's salary for permanent placements, while for temporary staffing, it earns revenue through hourly wages paid by clients, which include a markup over the wages of the temporary workers. Additionally, PERSOL has diversified its revenue streams by offering outsourcing and consulting services related to human resource management. Strategic partnerships with other businesses and technology platforms enhance their service offerings and efficiency, further contributing to revenue growth. The company's strong market presence in Japan, coupled with its ongoing investment in digital solutions, positions it favorably for sustained earnings.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.46T	1.45T	1.33T	1.24T	1.06T	950.72B
Gross Profit	334.48B	332.13B	301.16B	282.64B	240.84B	201.41B
EBITDA	86.71B	92.56B	80.06B	72.78B	69.32B	45.66B
Net Income	33.58B	35.87B	29.97B	22.76B	31.91B	15.34B
Balance Sheet
Total Assets	545.26B	539.75B	518.73B	442.16B	421.78B	383.42B
Cash, Cash Equivalents and Short-Term Investments	85.55B	82.82B	108.37B	101.31B	107.55B	83.16B
Total Debt	86.98B	77.28B	68.99B	85.13B	53.46B	64.31B
Total Liabilities	337.49B	333.36B	310.41B	241.43B	217.47B	208.26B
Stockholders Equity	190.87B	189.63B	192.35B	169.67B	183.00B	155.56B
Cash Flow
Free Cash Flow	62.07B	63.72B	62.27B	39.36B	39.70B	25.34B
Operating Cash Flow	66.85B	68.85B	77.75B	52.80B	50.69B	37.57B
Investing Cash Flow	-31.87B	-29.77B	-19.00B	-22.50B	-7.06B	-14.02B
Financing Cash Flow	-30.53B	-63.88B	-53.80B	-38.27B	-21.14B	-17.97B

PERSOL HOLDINGS CO Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 260.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 260.1 is below the 20-day moving average (MA) of 260.12, below the 50-day MA of 268.46, and above the 200-day MA of 257.06, indicating a bearish trend. The MACD of -3.90 indicates Positive momentum. The RSI at 36.08 is Neutral, neither overbought nor oversold. The STOCH value of 20.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2181.

PERSOL HOLDINGS CO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2146	79 Outperform	¥109.43B	19.45	―	7.90%	13.16%	-40.17%
6028	72 Outperform	¥502.83B	30.87	19.92%	1.86%	8.63%	8.13%
2124	67 Neutral	¥168.32B	23.17	―	2.54%	19.22%	20.94%
9744	66 Neutral	$241.86B	17.24	28.98%	6.17%	4.09%	17.10%
2181	64 Neutral	¥579.21B	16.78	17.60%	4.14%	7.71%	3.01%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
2168	43 Neutral	€72.51B	-9.29	-6.02%	0.78%	-9.70%	-108.59%

PERSOL HOLDINGS CO Corporate Events

PERSOL HOLDINGS Acquires Majority Stake in AI Staffing Platform Gojob

PERSOL HOLDINGS CO., LTD. has acquired 85% of Gojob, an AI-driven staffing platform based in France, for 122 million euros, with plans to make it a wholly owned subsidiary by FY2028. This strategic investment aims to enhance PERSOL’s presence in the AI staffing sector, leveraging Gojob’s expertise and market reach in France and the United States, potentially impacting its competitive positioning and offering growth opportunities.

The most recent analyst rating on (JP:2181) stock is a Buy with a Yen320.00 price target. To see the full list of analyst forecasts on PERSOL HOLDINGS CO stock, see the JP:2181 Stock Forecast page.

PERSOL HOLDINGS Acquires Gojob SAS to Boost Digital HR Services

PERSOL HOLDINGS CO., LTD. announced the acquisition of 85% of Gojob SAS, an AI-driven staffing platform, to strengthen its digital platform business. This strategic move is aimed at accelerating the company’s transition to a digital model and expanding its presence in the European and United States HR markets, leveraging Gojob’s scalable business model and strong growth trajectory.

The most recent analyst rating on (JP:2181) stock is a Buy with a Yen320.00 price target. To see the full list of analyst forecasts on PERSOL HOLDINGS CO stock, see the JP:2181 Stock Forecast page.

PERSOL HOLDINGS Completes Treasury Shares Disposal for Employee Compensation

PERSOL HOLDINGS CO., LTD. announced the completion of payment for the disposal of treasury shares as restricted stock compensation, a decision made during the Board of Directors meeting on May 13, 2025. This disposal involved over 12 million shares and aimed to enhance employee retention and motivation, impacting both the company’s internal management and its market positioning.

The most recent analyst rating on (JP:2181) stock is a Buy with a Yen320.00 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 Mixed Q1 2025 Financial Results

PERSOL HOLDINGS CO., LTD. is a Tokyo Stock Exchange-listed company that provides a wide range of human resources services, including temporary staffing and placement services, primarily in Japan and the Asia-Pacific region.

PERSOL HOLDINGS Reports Revenue Growth Amid Profit Decline in Q1 2025

PERSOL HOLDINGS CO., LTD. reported its consolidated financial results for the three months ended June 30, 2025, showing a 3.6% increase in revenue compared to the previous year. However, the company experienced declines in operating profit, profit before tax, and profit attributable to owners of the parent, with comprehensive income dropping significantly by 41.5%. The company maintains its financial forecast for the fiscal year ending March 31, 2026, with expectations of revenue growth and improved profitability, despite the current quarter’s challenges.

The most recent analyst rating on (JP:2181) stock is a Hold with a Yen260.00 price target. To see the full list of analyst forecasts on PERSOL HOLDINGS CO stock, see the JP:2181 Stock Forecast page.