PERSOL HOLDINGS CO LTD (JP:2181)
:2181
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PERSOL HOLDINGS CO
(2181)
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Rating:69Neutral
Price Target:
¥259.00
▼(-0.42% Downside)
Action:Reiterated
Date:05/15/26
Solid fundamentals (steady growth, healthy ROE, and generally strong cash generation) and supportive valuation (reasonable P/E and strong dividend yield) are partially offset by mixed technicals, with the stock still below longer-term moving averages and only neutral-to-slightly bearish momentum indicators.
Positive Factors
Revenue Growth Trend
Consistent top-line growth and improving absolute earnings over multiple years indicate durable demand for PERSOL's staffing and HR services. That trend supports recurring dispatch revenue and placement fees, underpinning predictable cash flows and long-term scalability of the business model.
Negative Factors
Thin Profit Margins
Relatively low net and EBIT margins limit the company’s buffer against rising labor costs or pricing pressure. For a staffing business, thin margins reduce capacity to fund technology, compliance, or expansion investments while maintaining shareholder returns during tougher hiring cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Consistent top-line growth and improving absolute earnings over multiple years indicate durable demand for PERSOL's staffing and HR services. That trend supports recurring dispatch revenue and placement fees, underpinning predictable cash flows and long-term scalability of the business model.
Read all positive factors
PERSOL HOLDINGS CO (2181) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥522.63B
Dividend Yield3.59%
Average Volume (3M)8.21M
Price to Earnings (P/E)12.2
Beta (1Y)0.47
Revenue Growth7.21%
EPS Growth20.34%
CountryJP
Employees65,730
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)19.27
Shares Outstanding2,278,437,700
10 Day Avg. Volume6,131,050
30 Day Avg. Volume8,214,589
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)2.31
Price to Sales (P/S)0.33
P/FCF Ratio6.90
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)20.31
Revenue Forecast (FY)¥1.67T
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...
How the Company Makes Money
PERSOL primarily makes money by delivering HR services to corporate clients and earning fees tied to the sourcing, assignment, and employment of workers. A major revenue stream is temporary staffing (worker dispatch): PERSOL supplies workers to cl...
PERSOL HOLDINGS CO Earnings Call Summary
Earnings Call Date:Nov 11, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Aug 06, 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
78
Positive
Cash Flow
72
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.56T | 1.45T | 1.33T | 1.24T | 1.06T |
| Gross Profit | 355.47B | 309.94B | 280.99B | 259.20B | 224.00B |
| EBITDA | 101.98B | 90.96B | 83.40B | 86.70B | 67.15B |
| Net Income | 42.69B | 35.87B | 29.97B | 22.76B | 31.91B |
Balance Sheet | |||||
| Total Assets | 620.53B | 560.77B | 535.58B | 503.15B | 425.11B |
| Cash, Cash Equivalents and Short-Term Investments | 85.02B | 82.82B | 108.37B | 101.23B | 107.55B |
| Total Debt | 84.11B | 77.28B | 68.99B | 78.11B | 55.63B |
| Total Liabilities | 381.74B | 354.38B | 327.26B | 319.62B | 220.74B |
| Stockholders Equity | 219.50B | 189.63B | 192.35B | 169.67B | 183.05B |
Cash Flow | |||||
| Free Cash Flow | 73.59B | 63.72B | 74.47B | 65.72B | 48.09B |
| Operating Cash Flow | 77.44B | 68.85B | 77.75B | 68.98B | 50.69B |
| Investing Cash Flow | -34.32B | -29.77B | -19.00B | -22.79B | -7.06B |
| Financing Cash Flow | -44.82B | -63.88B | -53.80B | -41.78B | -21.14B |
PERSOL HOLDINGS CO Technical Analysis
Negative
260.10
Price Trends
235.99
Negative
246.36
Negative
257.25
Negative
Market Momentum
0.45
Positive
41.09
Neutral
61.33
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 238.53, above the 50-day MA of 235.99, and above the 200-day MA of 257.25, indicating a bearish trend. The MACD of 0.45 indicates Positive momentum. The RSI at 41.09 is Neutral, neither overbought nor oversold. The STOCH value of 61.33 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 |
|---|---|---|---|---|---|---|---|
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% | |
74 Outperform | ¥231.28B | 15.52 | 28.98% | 5.57% | 3.47% | 18.14% | |
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% | |
42 Neutral | ¥56.32B | -12.49 | -6.02% | 0.77% | -3.21% | -104.97% |
* Industrials Sector Average
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PERSOL HOLDINGS CO Corporate Events
Persol Holdings to Grant ¥3.5bn in Restricted Stock to 3,500 Management Staff
May 14, 2026
Persol Holdings has approved the disposal of 14,710,944 treasury shares as restricted stock compensation for 3,516 management-level employees and directors and auditors at its Japanese subsidiaries, valued at approximately JPY 3.52 billion, with a...
Persol Holdings Sets New Mid-Term Management Plan Through FY2028
May 14, 2026
Persol Holdings has approved a new Mid-term Management Plan FY2028 that will govern its strategy for the three years from April 2026 to March 2029, with the fiscal year ending March 31, 2027 set as the first year of the plan. While detailed measur...
Persol Holdings’ Parent-Only Profit Jumps on Higher Subsidiary Dividends
May 14, 2026
Persol Holdings reported a sharp year-on-year rise in non-consolidated results for the fiscal year ended March 31, 2026, with net sales climbing 34.3% to ¥78.9 billion. Operating profit, ordinary profit and net profit all rose by more than 40...
PERSOL Holdings Raises Year-End Dividend as Earnings Beat Forecast
May 14, 2026
PERSOL HOLDINGS CO., LTD. has approved an increase in its year-end dividend for the fiscal year ended March 31, 2026, raising the payout to ¥6.00 per share from the previously forecast ¥5.50 and up from ¥5.00 a year earlier. This br...
PERSOL HOLDINGS Posts Record FY2025 Results and Lifts Dividend Outlook
May 14, 2026
PERSOL HOLDINGS reported record-high revenue and profit for FY2025, with all strategic business units contributing to growth and both adjusted EBITDA and operating profit achieving double-digit year-on-year gains. Capital efficiency also strengthe...
PERSOL HOLDINGS Delivers Profit Growth and Hikes Dividend for FY2026
May 14, 2026
PERSOL HOLDINGS reported consolidated revenue of ¥1.56 trillion for the year ended March 31, 2026, up 7.2% year-on-year, with operating profit climbing 15.8% to ¥66.5 billion and profit attributable to owners of parent rising 19.0% to &#...
Persol Holdings Books ¥28 Billion Dividend from Subsidiaries with No Consolidated Impact
Mar 30, 2026
Persol Holdings has announced that it will receive dividends totaling ¥28 billion from two consolidated subsidiaries, with the dividend declared on March 30, 2026 and scheduled for receipt on March 31, 2026. This internal capital distribution...
Persol shifts Career SBU to AI-driven model after doda integration hit
Mar 16, 2026
Persol Holdings has outlined the strategic direction of its Career SBU in an analyst briefing, emphasizing a focus on high-income placement services, particularly its doda X platform for candidates earning six million yen or more, and on growing H...
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.