PERSOL HOLDINGS CO (2181) AI Stock Analysis

• Market Cap: ¥637.83B
• Dividend Yield: 3.64%
• Average Volume (3M): 8.04M
• Price to Earnings (P/E): 16.2
• Beta (1Y): 0.51
• Revenue Growth: 6.95%
• EPS Growth: 13.63%
• Country: JP
• Employees: 65,730
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 6.07
• Shares Outstanding: 2,278,437,700
• 10 Day Avg. Volume: 8,623,879
• 30 Day Avg. Volume: 8,042,786
• 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: ¥349.90
• Price Target Upside: 34.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 18.92
• Revenue Forecast (FY): ¥1.53T

• Rating: 76 Outperform
• Price Target: ¥316.00 ▲(21.49% Upside)

PERSOL HOLDINGS CO's strong financial performance, characterized by consistent revenue growth and effective cash flow management, is the primary driver of the stock score. The technical analysis indicates a mild upward trend, and the valuation is attractive with a reasonable P/E ratio and a solid dividend yield. The absence of earnings call and corporate events data does not impact the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial stability.

Cash Flow Management

Strong cash flow management enhances financial flexibility, enabling the company to invest in growth opportunities and weather economic downturns.

Balance Sheet Health

A healthy balance sheet with prudent leverage ensures financial stability and reduces risk, supporting sustainable growth.

Negative Factors

Profitability Margins

Low profitability margins may limit the company's ability to reinvest in business growth and could impact long-term competitiveness.

Margin Sustainability

Moderate margins suggest limited pricing power and cost control, which could hinder profitability improvements over time.

Profitability Improvement

The need for profitability improvement indicates potential challenges in cost management or pricing strategy, affecting long-term earnings potential.

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 demonstrates strong revenue growth and profitability, supported by efficient operations and a solid capital structure. However, the negative free cash flow growth in the TTM highlights the need for careful cash management. The company should monitor leverage and cash flow closely to sustain its growth trajectory.

Income Statement

PERSOL HOLDINGS CO shows strong revenue growth with a TTM (Trailing-Twelve-Months) revenue increase of 88.6% compared to the previous period. The gross profit margin remains stable around 22.8%, and the net profit margin is consistent at approximately 2.3%. EBIT and EBITDA margins are healthy, indicating efficient operations. However, the slight decline in EBIT and EBITDA margins in the TTM suggests potential cost pressures.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.46, indicating balanced leverage. The return on equity is strong at 17.9%, reflecting effective use of equity capital. The equity ratio is stable, suggesting a solid capital structure. However, the increase in total debt over recent periods could pose future risks if not managed carefully.

Cash Flow

Operating cash flow remains robust, but free cash flow growth has turned negative in the TTM, indicating potential cash flow challenges. The operating cash flow to net income ratio is healthy, suggesting good cash conversion. However, the decline in free cash flow growth rate warrants attention to ensure liquidity remains strong.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.49T	1.45T	1.33T	1.24T	1.06T	950.72B
Gross Profit	341.08B	332.13B	301.16B	282.64B	240.84B	201.41B
EBITDA	93.66B	92.56B	80.06B	72.78B	69.32B	45.66B
Net Income	38.47B	35.87B	29.97B	22.76B	31.91B	15.34B
Balance Sheet
Total Assets	562.60B	539.75B	518.73B	442.16B	421.78B	383.42B
Cash, Cash Equivalents and Short-Term Investments	98.19B	82.82B	108.37B	101.31B	107.55B	83.16B
Total Debt	85.58B	77.28B	68.99B	85.13B	53.46B	64.31B
Total Liabilities	336.75B	333.36B	310.41B	241.43B	217.47B	208.26B
Stockholders Equity	208.45B	189.63B	192.35B	169.67B	183.00B	155.56B
Cash Flow
Free Cash Flow	77.16B	63.72B	62.27B	39.36B	39.70B	25.34B
Operating Cash Flow	82.53B	68.85B	77.75B	52.80B	50.69B	37.57B
Investing Cash Flow	-29.92B	-29.77B	-19.00B	-22.50B	-7.06B	-14.02B
Financing Cash Flow	-32.18B	-63.88B	-53.80B	-38.27B	-21.14B	-17.97B

PERSOL HOLDINGS CO Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 260.10
• 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 260.1 is below the 20-day moving average (MA) of 281.43, below the 50-day MA of 269.75, and below the 200-day MA of 264.43, indicating a bullish trend. The MACD of 3.15 indicates Positive momentum. The RSI at 64.57 is Neutral, neither overbought nor oversold. The STOCH value of 64.24 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
2146	79 Outperform	¥114.22B	19.30	―	7.68%	8.28%	-36.32%
2181	76 Outperform	¥637.83B	16.17	19.18%	3.64%	6.95%	13.63%
2124	76 Outperform	¥177.70B	22.04	―	2.41%	20.17%	32.32%
6028	73 Outperform	¥503.45B	30.90	19.92%	1.86%	8.63%	8.13%
9744	66 Neutral	¥265.53B	18.93	28.98%	5.77%	4.09%	17.10%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
2168	42 Neutral	¥72.36B	-9.22	-6.02%	0.78%	-9.70%	-108.59%

PERSOL HOLDINGS CO Corporate Events

PERSOL HOLDINGS Reports Revenue and Profit Growth for H1 2025

PERSOL HOLDINGS CO., LTD. reported a 4.9% increase in revenue for the six months ending September 30, 2025, reaching 752,741 million yen. The company’s operating profit rose by 14% to 36,603 million yen, and profit attributable to owners of the parent increased by 12.1% to 23,976 million yen. The company also announced an increase in dividends, reflecting its strong financial performance and commitment to returning value to shareholders.

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.

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.

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.