Industries›11 companies · latest full-year results
Industry providing employment-related services including recruitment, staffing, HR consulting, and job advertising media.
The 11 human resources companies we cover had combined revenue of ¥2.7T (+3.2% year over year) and operating profit of ¥168.7B, an industry-wide operating margin of 6.3%.
Persol leads on revenue (¥1.6T, a 58.5% share), and the top three hold 76% of industry sales. 5 grew both revenue and operating profit; 2 saw both fall.
JAC Recruitment has the highest operating margin (25.3%); average pay across the industry is ¥6.55M, highest at Visional (¥8.61M).
Industry total
Human Resources · 11 companies
YoY compares companies with prior-year figures
StockShares are +4.4% over a year, behind the all-industry average (+14.9%) — #40 of 53 industries.Details
GuidanceCompany plans for FY2027 (10 companies combined): revenue +6.0%, operating profit −0.9%. Planned profit growth is below the all-industry plan (+13.0%).Details
Revisions1 raised and 1 cut this year's forecast. The biggest revision: Meitec (operating profit +1.5%).Details
Latest resultsYear to date through Q1, 4 companies combined: revenue +10.2%, operating profit +24.3% year over year. 4 are ahead of an even pace toward their full-year plan, 1 behind.Details
Disclosures5 TSE filings in the last 90 days (one-off gains/losses 1, guidance revisions 1, buybacks 1).Details
Earnings dates6 companies report within 30 days, starting with Insource on Nov 2 and Open Up on Nov 6.Details
| Company | Op. profit (last FY) | This year's plan | Plan change | Revision | Progress (Q1 cumulative) |
|---|---|---|---|---|---|
| ¥66.5B | ¥71.0B | +6.7% | Unchanged | 27% |
| ¥-1.1B | ¥1.5B | - | Unchanged | 6% |
| ¥16.7B | ¥17.7B | +6.0% | - | - |
| ¥10.6B | ¥10.0B | −5.8% | Unchanged | 35% |
| ¥19.9B | ¥20.8B | +4.5% | Up +1.5% | 49% |
| ¥24.6B | ¥26.6B | +8.3% | - | - |
| ¥6.8B | ¥6.8B | +0.2% | Unchanged | 72% |
| ¥4.0B | ¥2.8B | −29.3% | Unchanged | 52% |
 | ¥9.1B | ¥0 | −100% | Down −100.0% | - |
 | ¥11.7B | ¥12.6B | +7.8% | Unchanged | 56% |
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Human Resources | −0.7% | +6.3% | +4.4% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | +2.0pt | +7.3pt | −10.6pt |
Rank among industries:3M #10/531Y #40/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Totals for the 6 covered companies with full-year results for every year from FY2022 to FY2026. The set is fixed, so adding or removing coverage doesn't move the figures.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥1.6T | +7.2% | ¥66.5B | 4.3% | 58.5% | ¥8.19M | 40.9 | 647 |
| 2 | ¥308.5B | −0.2% | ¥-1.1B | -0.4% | 11.6% | ¥6.50M | 35.9 | 795 |
| 3 | ¥167.5B | −10.9% | ¥16.7B | 10.0% | 6.3% | ¥7.50M | 44.4 | 123 |
| 4 | ¥166.9B | −14.3% | ¥10.6B | 6.4% | 6.3% | ¥4.51M | 40.3 | 247 |
| 5 | ¥137.7B | +3.5% | ¥19.9B | 14.5% | 5.2% | - | - | - |
| 6 | ¥99.3B | +23.9% | ¥24.6B | 24.7% | 3.7% | ¥8.61M | 38.6 | 116 |
| 7 | ¥64.7B | +6.2% | ¥6.8B | 10.5% | 2.4% | ¥5.18M | 32.8 | 3,214 |
| 8 | ¥59.1B | −10.0% | ¥4.0B | 6.7% | 2.2% | ¥5.40M | 31.0 | 2,014 |
| 9 | ¥54.9B | −2.7% | ¥9.1B | 16.6% | 2.1% | ¥5.25M | 30.3 | 2,530 |
| 10 | ¥46.1B | +17.7% | ¥11.7B | 25.3% | 1.7% | ¥7.89M | 35.5 | 1,666 |
11 | - | - | - | - | - | ¥6.48M | 36.7 | 425 |
| Industry total / average | ¥2.7T | +3.2% | ¥168.7B | 6.3% | 100% | ¥6.55M | 36.6 | 11,777 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
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