PERSOL HOLDINGS CO LTD (JP:2181)
:2181
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PERSOL HOLDINGS CO
(2181)
Select Model
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Rating:66Neutral
Price Target:
¥260.00
▼(-0.04% Downside)
Action:DowngradedDate:02/18/26
The score is driven primarily by solid fundamentals (growth, improved operating performance, and strong cash conversion) and supportive valuation (moderate P/E with a high dividend yield). These positives are tempered by weak technicals, with the stock trading below major moving averages and negative momentum indicators, plus some financial sensitivity from thin margins and a recent increase in debt.
Positive Factors
Revenue Growth Momentum
Sustained and recently accelerating revenue indicates durable demand for core staffing and HR services. Persistent top-line growth supports scale advantages in sales, compliance and placement operations, enabling continued investment in service platforms and improving operating leverage over multiple quarters.
Negative Factors
Thin, Volatile Net Margins
The staffing business inherently produces narrow spreads between client billing and employment costs; thin, historically volatile net margins reduce earnings predictability. Margin pressure from wage inflation or pricing passthrough limits durability of profits and amplifies earnings downside in slower hiring cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
Sustained and recently accelerating revenue indicates durable demand for core staffing and HR services. Persistent top-line growth supports scale advantages in sales, compliance and placement operations, enabling continued investment in service platforms and improving operating leverage over multiple quarters.
Read all positive factors
PERSOL HOLDINGS CO (2181) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥520.35B
Dividend Yield3.59%
Average Volume (3M)8.21M
Price to Earnings (P/E)15.6
Beta (1Y)0.52
Revenue Growth6.95%
EPS Growth13.63%
CountryJP
Employees65,730
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)4.72
Shares Outstanding2,278,437,700
10 Day Avg. Volume6,131,050
30 Day Avg. Volume8,214,589
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)2.90
Price to Sales (P/S)0.38
P/FCF Ratio8.63
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)18.54
Revenue Forecast (FY)¥1.54T
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 ou...
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...
PERSOL HOLDINGS CO Earnings Call Summary
Earnings Call Date:Nov 11, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:May 18, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant revenue growth in several SBUs, particularly in the Career and Technology segments, alongside improved free cash flow. However, there were notable challenges including declines in operating profit and adjusted EBITDA, as well as increased expenses. The overall sentiment is mixed with significant achievements balanced by substantial challenges.Positive Updates
Revenue Increase
Revenue increased by 7.8% year-on-year to JPY 654.8 billion.
Negative Updates
Operating Profit Decline
Operating profit decreased by 22% year-on-year to JPY 26.3 billion.
Read all updates
Q2-2024 Updates
Positive
Negative
Revenue Increase
Revenue increased by 7.8% year-on-year to JPY 654.8 billion.
Read all positive updates
Company Guidance
The earnings call for Persol Holdings, symbol 2181.T, for the second quarter of 2024 highlighted several key financial metrics and strategic initiatives. Revenue increased by 7.8% year-on-year, reaching JPY 654.8 billion, while adjusted EBITDA was JPY 35 billion. The company reported an interim dividend of JPY 43, with a year-end dividend projected at JPY 4.3, following a 10-for-1 stock split. Operating profit fell by 22% to JPY 26.3 billion, and quarterly profit decreased by 23% to JPY 16.7 billion. The report emphasized strategic investments aligning with the midterm management plan 2026, particularly in the Career SBU, which experienced a 29% increase in revenue. The call also detailed growth strategies, including initiatives for reskilling and the expansion of the placement market, expected to grow at a CAGR of over 9% towards 2030. The company aims to maintain a balanced approach to cost control and strategic investment to ensure steady profit in the second half of the fiscal year.PERSOL HOLDINGS CO Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.52T | 1.45T | 1.33T | 1.24T | 1.06T | 950.72B |
| Gross Profit | 348.04B | 309.94B | 280.99B | 259.20B | 224.00B | 185.69B |
| EBITDA | 96.23B | 90.96B | 83.40B | 86.70B | 67.15B | 43.17B |
| Net Income | 39.10B | 35.87B | 29.97B | 22.76B | 31.91B | 15.34B |
Balance Sheet | ||||||
| Total Assets | 605.25B | 560.77B | 535.58B | 503.15B | 425.11B | 381.18B |
| Cash, Cash Equivalents and Short-Term Investments | 88.43B | 82.82B | 108.37B | 101.23B | 107.55B | 83.16B |
| Total Debt | 89.25B | 77.28B | 68.99B | 78.11B | 55.63B | 65.93B |
| Total Liabilities | 379.35B | 354.38B | 327.26B | 319.62B | 220.74B | 207.57B |
| Stockholders Equity | 208.00B | 189.63B | 192.35B | 169.67B | 183.05B | 155.56B |
Cash Flow | ||||||
| Free Cash Flow | 72.68B | 63.72B | 74.47B | 65.72B | 48.09B | 33.14B |
| Operating Cash Flow | 76.13B | 68.85B | 77.75B | 68.98B | 50.69B | 36.80B |
| Investing Cash Flow | -51.57B | -29.77B | -19.00B | -22.79B | -7.06B | -13.19B |
| Financing Cash Flow | -35.55B | -63.88B | -53.80B | -41.78B | -21.14B | -17.97B |
PERSOL HOLDINGS CO Technical Analysis
Negative
260.10
Price Trends
254.19
Negative
268.11
Negative
271.13
Negative
Market Momentum
-7.39
Negative
34.09
Neutral
38.02
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 above the 20-day moving average (MA) of 237.33, above the 50-day MA of 254.19, and below the 200-day MA of 271.13, indicating a bearish trend. The MACD of -7.39 indicates Negative momentum. The RSI at 34.09 is Neutral, neither overbought nor oversold. The STOCH value of 38.02 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ¥256.18B | 16.33 | 28.98% | 5.57% | 4.09% | 17.10% | |
79 Outperform | ¥120.59B | 13.47 | ― | 7.51% | 8.28% | -36.32% | |
75 Outperform | ¥140.84B | 20.10 | ― | 2.38% | 20.17% | 32.32% | |
73 Outperform | ¥8.71T | 21.38 | 27.29% | 0.27% | 1.23% | 26.94% | |
66 Neutral | ¥520.35B | 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 | ¥70.93B | -1,275.30 | -6.02% | 0.77% | -9.70% | -108.59% |
* Industrials Sector Average
JP:2181
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PERSOL HOLDINGS CO Corporate Events
PERSOL HOLDINGS Delivers Record Q3 FY2025 Results and Targets AI-Driven Growth
Feb 13, 2026
PERSOL HOLDINGS reported record-high revenue and profit for the first three quarters of FY2025, with all strategic business units achieving revenue growth and key profit indicators such as adjusted EBITDA and operating profit progressing in line w...
PERSOL HOLDINGS Lifts Nine-Month Profit and Confirms Full-Year Outlook as Group Expands
Feb 13, 2026
PERSOL HOLDINGS reported revenue of ¥1,154.3 billion for the nine months ended December 31, 2025, up 6.3% year on year, with operating profit rising 11.5% to ¥54.0 billion and profit attributable to owners of the parent increasing 10.4%....
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.