Worth reading
84Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
11
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst half (second quarter) of the fiscal year ending December 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥25,812 million+11.0%
Operating profit¥7,106 million+13.9%
Ordinary income¥7,141 million+14.3%
Net income¥4,885 million+14.4%
Gross Profit Margin93.2%
Results for the three months of the current quarterConsolidated revenue for the second quarter was ¥12,273 million, up 7.2% year on year. Standalone second-quarter figures for the other profit and loss items were Not disclosed.
Full-year earnings forecast
Net Sales
¥53,200 million
Gross profit (GP)
¥48,500 million
Operating profit
¥12,600 million
Ordinary income
¥12,600 million
Profit before taxes (PBT)
¥12,600 million
Profit attributable to owners of the parent
¥8,600 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales48.5%
Gross profit (GP)49.6%
Operating profit56.4%
Ordinary income56.7%
Interim profit before taxes (PBT)56.7%
Interim net income attributable to owners of the parent56.8%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Although results fell short of the initial plan, net income has progressed broadly in line with the planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit
Gross profit (GP)+¥2,519 million
Personnel Expenses−¥1,103 million
Advertising expenses+¥83 million
Other (amortization of goodwill, system-related costs, rent, etc.)-¥631 million
Interim net income
Ordinary income+¥893 million
Extraordinary Gains and Losses±¥0 million
Income Taxes-¥279 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Impact of the situation in the Middle EastLimited
Other major geopolitical risks and economic crisesNo major additional geopolitical risks or economic crises occur, and economic sentiment does not change significantly
New initiatives
- Repurchase of up to 3 million shares for up to ¥3.5 billion
- Cancellation of treasury shares at the end of December 2026
- Introduction of AI-assisted tools and productivity improvements
- Shift of the core system from in-house development to SaaS utilization
- Strengthening in-house sourcing
- Opening of an Amsterdam office in April 2026
- Hiring 203 new graduates in fiscal 2026
Key KPIsA metric the company considers important as a management benchmark.
- EBITDA¥7,369 millionYear on year against the same period last year+14.4%
- EBITDA margin28.6 %Year on year against the same period last year+0.9 percentage points
- Domestic recruitment business gross profit growth rate on a closed-deal basis (January)-2.5 %
- Domestic recruitment business gross profit growth rate on a closed-deal basis (June)22.7 %
- Number of collaborations with other departments and group companies5,415 EngagementsYear on year against the same period last year+20.2% (up from 4,507 cases in the first half of 2025)
- Number of new registrants through the website+43%Year on year against the same period last year+43%
- Number of new registrants through the scout website-36%Year on year against the same period last year-36%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Revenue per transaction in the domestic recruitment business
First half of 2024¥2.848 million
First half of 2025¥2.973 million
First half of 2026¥3.118 million
Monthly productivity per consultant
2026 Q1¥1.90 million
2026 Q2¥2.01 million
Weekly average number of in-person meetings per consultant
January0.7
February0.8
March0.7
April0.7
May0.6
June3
July2.4
Segment results
Domestic recruitment business
Net Sales
¥23,367 million+10.5%
Profit
¥6,910 million+13.4%
Overseas Business
Net Sales
¥2,216 million+17.1%
Profit
¥146 million+47.1%
Domestic job advertising business
Net Sales
¥228 million+10.8%
Profit
¥82 million+63.6%
Financial targets
Equity ratio
Actual results72.7 %
Estimated cost of capital
7.6 %
ROE
Performance over the past 10 yearsConsistently well above the estimated cost of capital
Number of employees
Hiring planThe Company plans to hire 203 new graduates in fiscal 2026. It will continue hiring both new graduates and experienced personnel.
Annual Dividend
Annual dividend per share
FY2025 actual¥36
FY2026 forecast¥38
Payout ratio
70.6 %
RemarksFiscal 2026 forecast. The dividend policy targets a payout ratio of 65% or more
Acquisition of treasury shares
Buyback limit
¥3.5 billion
Number of Shares3 million shares
Period13 August 2026 to 31 December 2026
CancellationScheduled for cancellation at the end of December 2026, excluding shares expected to be used in the future
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First half (second quarter) of the fiscal year ending December 2026 |
| Net Sales | ¥25,812 million (YoY +11.0%) |
| Operating profit | ¥7,106 million (YoY +13.9%) |
| Ordinary income | ¥7,141 million (YoY +14.3%) |
| Net income | ¥4,885 million (YoY +14.4%) |
| Gross Profit Margin | 93.2% |
| Results for the three months of the current quarter | Consolidated revenue for the second quarter was ¥12,273 million, up 7.2% year on year. Standalone second-quarter figures for the other profit and loss items were Not disclosed. |
| Full-year earnings forecast | Net Sales ¥53,200 million / Gross profit (GP) ¥48,500 million / Operating profit ¥12,600 million / Ordinary income ¥12,600 million / Profit before taxes (PBT) ¥12,600 million / Profit attributable to owners of the parent ¥8,600 million |
| Progress against full-year forecast | Net Sales 48.5% / Gross profit (GP) 49.6% / Operating profit 56.4% / Ordinary income 56.7% / Interim profit before taxes (PBT) 56.7% / Interim net income attributable to owners of the parent 56.8% |
| Self-assessment against the plan | Although results fell short of the initial plan, net income has progressed broadly in line with the plan |
| Segment results | Domestic recruitment business Net Sales ¥23,367 million (YoY +10.5%) / Profit ¥6,910 million (YoY +13.4%) / Overseas Business Net Sales ¥2,216 million (YoY +17.1%) / Profit ¥146 million (YoY +47.1%) / Domestic job advertising business Net Sales ¥228 million (YoY +10.8%) / Profit ¥82 million (YoY +63.6%) |
| Breakdown of Factors Affecting the Change | Operating profit Gross profit (GP) +¥2,519 million / Personnel Expenses −¥1,103 million / Advertising expenses +¥83 million / Other (amortization of goodwill, system-related costs, rent, etc.) -¥631 million / Interim net income Ordinary income +¥893 million / Extraordinary Gains and Losses ±¥0 million / Income Taxes -¥279 million |
| Key KPIs | EBITDA ¥7,369 million, EBITDA margin 28.6 %, Domestic recruitment business gross profit growth rate on a closed-deal basis (January) -2.5 %, Domestic recruitment business gross profit growth rate on a closed-deal basis (June) 22.7 %, Number of collaborations with other departments and group companies 5,415 Engagements, Number of new registrants through the website +43%, Number of new registrants through the scout website -36% |
| Unit price and quantity metrics | Revenue per transaction in the domestic recruitment business First half of 2024 ¥2.848 million / First half of 2025 ¥2.973 million / First half of 2026 ¥3.118 million / Monthly productivity per consultant 2026 Q1 ¥1.90 million / 2026 Q2 ¥2.01 million / Weekly average number of in-person meetings per consultant January 0.7 / February 0.8 / March 0.7 / April 0.7 / May 0.6 / June 3 / July 2.4 |
| Number of employees | Number of Employees Not disclosed / Hiring plan The Company plans to hire 203 new graduates in fiscal 2026. It will continue hiring both new graduates and experienced personnel. |
| Assumptions Underlying the Business Outlook | Impact of the situation in the Middle East Limited / Other major geopolitical risks and economic crises No major additional geopolitical risks or economic crises occur, and economic sentiment does not change significantly |
| Financial targets | Equity ratio Actual results 72.7 % / Estimated cost of capital 7.6 % / ROE Performance over the past 10 years Consistently well above the estimated cost of capital |
| Annual Dividend | Annual dividend per share FY2025 actual ¥36 / FY2026 forecast ¥38 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 70.6 % |
| Acquisition of treasury shares | Buyback limit Number of Shares 3 million shares / Amount ¥3.5 billion / Period 13 August 2026 to 31 December 2026 / Cancellation Scheduled for cancellation at the end of December 2026, excluding shares expected to be used in the future |
| New initiatives | Repurchase of up to 3 million shares for up to ¥3.5 billion, Cancellation of treasury shares at the end of December 2026, Introduction of AI-assisted tools and productivity improvements, Shift of the core system from in-house development to SaaS utilization, Strengthening in-house sourcing, Opening of an Amsterdam office in April 2026, Hiring 203 new graduates in fiscal 2026 |
Items this document does not state (9)
Operating profit marginSelling, general and administrative expensesNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.An uncertain business environment, including the outbreak of war in the Middle East, caused the shortfall against the first-half plan. At the same time, strong performance in the IT, consulting and financial sectors, a recovery in order closing in the manufacturing sector, higher gross profit, and the curbing of advertising expenses under “Minimum Cost” supported results.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.