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Earnings presentation2181PERSOL HOLDINGS CO.,LTD.Information and Communications, Services and Others

Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending March 2027

In the first half of the fiscal year ending March 2027, revenue, operating profit and adjusted EBITDA, among other measures, exceeded the year-earlier period and the first-half plan. The full-year forecast was revised to reflect the sale of Programmed, its reclassification as discontinued operations and the gain on sale, and a share repurchase was also approved.

Worth reading
86Important
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
11.9
Year-on-year change (revenue, %)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter (first half) of the fiscal year ending March 202714 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥842,402 million+11.9%
Operating profit¥37,724 million+3.1%
Net income24,397 Millions of yen +1.8%profit for the interim period attributable to owners of the parent
Operating profit margin4.5 %
Results for the three months of the current quarterRevenue, adjusted EBITDA and other measures for FY2026 Q2 are provided by SBU. Key consolidated financial figures for Q2 alone are not disclosed.
Full-year earnings forecast
Revenue
¥1,269,000 million
Operating profit
¥61,700 million
Adjusted EBITDA
¥85,000 million
Profit for the year attributable to owners of the parent
¥92,000 million
Adjusted net income
¥50,900 million
EPS
¥40.53
Adjusted EPS
¥22.43
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。
Consolidated
Revenue50.6%
Operating profit53.1%
Adjusted EBITDA53.4%
Interim profit54.8%
Adjusted interim profit56.2%
EPS56.5%
Adjusted EPS57.1%
By SBUProgress toward the full-year forecast is provided by SBU for revenue, adjusted EBITDA and operating profit across Staffing, BPO, Technology, Career and continuing operations in Asia Pacific.
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-half results exceeded the forecast. Adjusted EBITDA exceeded the plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue
Foreign exchange impact
¥40,400 million
Gojob sales contribution
¥26,600 million
Full-year forecast revision
Programmed discontinued operations reclassification
Revenue¥-361,620 million
Programmed exclusion
Revenue¥-34,379 million
Gains on sale, etc.
Profit attributable to owners of the parent¥48,000 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
Average AUD for the period¥105
New initiatives
  • Execution of an agreement to transfer all shares of Programmed
  • Reclassification of Programmed as discontinued operations
  • Implementation of a ¥10 billion share repurchase
  • Cumulative investment of ¥19 billion in AI over 3 years
  • October 2026 release of the AI job-matching service and nationwide rollout during FY2026
  • Organisational and operational restructuring of the Career SBU
Key KPIsA metric the company considers important as a management benchmark.
  • doda members (cumulative)11,170,000 people
    Year on year against the same period last year+11.0%
  • Number of Staffing workers132 thousand people
    Year on year against the same period last year+0.1%
  • Staffing billing rate¥2,510
    Year on year against the same period last year+2.5%
  • Number of employees who are Technology engineers4,223 people
    Year on year against the same period last year+11.4%
  • Productivity of the Career recruitment business¥2,877 thousand
    Year on year against the same period last year-5.0%
  • Gojob revenue¥14.3 billion
    Year on year against the same period last year+63.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Number of Staffing workers132 thousand people
    Year on year against the same period last year+0.1%
  • Staffing billing rate¥2,510
    Year on year against the same period last year+2.5%
  • Staffing working days58 Days
    Year on year against the same period last year-1.7%
  • Number of employees who are Technology engineers4,223 people
    Year on year against the same period last year+11.4%
  • Technology staffing billing rate¥4,315
    Year on year against the same period last year+4.2%
  • Headcount in the Career recruitment business2,619 people
    Year on year against the same period last year-4.0%
  • Productivity of the Career recruitment business¥2,877 thousand
    Year on year against the same period last year-5.0%
Segment results
Staffing
Revenue
¥312,664 million
Adjusted EBITDA
¥20,231 million
Operating profit
¥17,885 million
Revenue, year-on-year change (%)3
Adjusted EBITDA_yoy_pct11
Operating profit_yoy_pct6.7
BPO
Revenue
¥73,201 million
Adjusted EBITDA
¥3,908 million
Operating profit
¥2,488 million
Revenue, year-on-year change (%)4.9
Adjusted EBITDA_yoy_pct5.2
Operating profit_yoy_pct2
Technology
Revenue
¥63,143 million
Adjusted EBITDA
¥3,197 million
Operating profit
¥1,957 million
Revenue, year-on-year change (%)4.7
Adjusted EBITDA_yoy_pct-4.9
Operating profit_yoy_pct-27.2
Career
Revenue
¥75,349 million
Adjusted EBITDA
¥18,212 million
Operating profit
¥15,084 million
Revenue, year-on-year change (%)-3.2
Adjusted EBITDA_yoy_pct-8.7
Operating profit_yoy_pct-11.4
Asia Pacific
Revenue
¥286,333 million
Adjusted EBITDA
¥8,665 million
Operating profit
¥5,811 million
Revenue, year-on-year change (%)21
Adjusted EBITDA_yoy_pct49.2
Operating profit_yoy_pct49.4
Other
Revenue
¥51,582 million
Adjusted EBITDA
¥-393 million
Operating profit
¥-2,351 million
Revenue, year-on-year change (%)93.5
Medium-term management plan targets
AI investment
¥190 100 million
Target fiscal yearCumulative FY2026-FY2028
AI investment return
330～430
Target fiscal yearCumulative FY2026-FY2028
Financial targets
ROE20% or higher
ROIC18% or more
Target fiscal yearFY2028
Financial targets
ROE20% or more (FY2028 target)
ROIC18% or more (FY2028 target)
Number of stores and locations
Programmed has approximately 140 locations in Australia and New Zealand. The number of openings and closures is Not disclosed.
Number of employees
The number of Technology engineers and personnel in Career's recruitment business, among others, is disclosed. Group-wide employee numbers are Not disclosed.
Annual Dividend
Annual
¥13 per share forecast
Interim
¥6.5 per share actual
End of period
¥6.5 per share forecast
Payout ratio
50 % or more based on adjusted EPS
Acquisition of treasury shares
Buyback limit
¥100 100 million maximum
Acquisition period12 November 2026 to 31 March 2027
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter (first half) of the fiscal year ending March 2027
Net Sales¥842,402 million (YoY +11.9%)
Operating profit¥37,724 million (YoY +3.1%)
Net income24,397 Millions of yen (profit for the interim period attributable to owners of the parent) (YoY +1.8%)
Operating profit margin4.5 %
Results for the three months of the current quarterRevenue, adjusted EBITDA and other measures for FY2026 Q2 are provided by SBU. Key consolidated financial figures for Q2 alone are not disclosed.
Full-year earnings forecastRevenue ¥1,269,000 million / Operating profit ¥61,700 million / Adjusted EBITDA ¥85,000 million / Profit for the year attributable to owners of the parent ¥92,000 million / Adjusted net income ¥50,900 million / EPS ¥40.53 / Adjusted EPS ¥22.43
Progress against full-year forecastConsolidated Revenue 50.6% / Operating profit 53.1% / Adjusted EBITDA 53.4% / Interim profit 54.8% / Adjusted interim profit 56.2% / EPS 56.5% / Adjusted EPS 57.1% / By SBU Progress toward the full-year forecast is provided by SBU for revenue, adjusted EBITDA and operating profit across Staffing, BPO, Technology, Career and continuing operations in Asia Pacific.
Self-assessment against the planFirst-half results exceeded the forecast. Adjusted EBITDA exceeded the plan.
Segment resultsStaffing Revenue ¥312,664 million / Adjusted EBITDA ¥20,231 million / Operating profit ¥17,885 million / Revenue, year-on-year change (%) 3 / Adjusted EBITDA_yoy_pct 11 / Operating profit_yoy_pct 6.7 / BPO Revenue ¥73,201 million / Adjusted EBITDA ¥3,908 million / Operating profit ¥2,488 million / Revenue, year-on-year change (%) 4.9 / Adjusted EBITDA_yoy_pct 5.2 / Operating profit_yoy_pct 2 / Technology Revenue ¥63,143 million / Adjusted EBITDA ¥3,197 million / Operating profit ¥1,957 million / Revenue, year-on-year change (%) 4.7 / Adjusted EBITDA_yoy_pct -4.9 / Operating profit_yoy_pct -27.2 / Career Revenue ¥75,349 million / Adjusted EBITDA ¥18,212 million / Operating profit ¥15,084 million / Revenue, year-on-year change (%) -3.2 / Adjusted EBITDA_yoy_pct -8.7 / Operating profit_yoy_pct -11.4 / Asia Pacific Revenue ¥286,333 million / Adjusted EBITDA ¥8,665 million / Operating profit ¥5,811 million / Revenue, year-on-year change (%) 21 / Adjusted EBITDA_yoy_pct 49.2 / Operating profit_yoy_pct 49.4 / Other Revenue ¥51,582 million / Adjusted EBITDA ¥-393 million / Operating profit ¥-2,351 million / Revenue, year-on-year change (%) 93.5
Breakdown of Factors Affecting the ChangeRevenue Foreign exchange impact ¥40,400 million / Gojob sales contribution ¥26,600 million / Full-year forecast revision Programmed discontinued operations reclassification Revenue ¥-361,620 million / Programmed exclusion Revenue ¥-34,379 million / Gains on sale, etc. Profit attributable to owners of the parent ¥48,000 million
Key KPIsIndicator name doda members (cumulative) / Value 11,170,000 people / Year on year against the same period last year 11 people, Indicator name Number of Staffing workers / Value 132 thousand people / Year on year against the same period last year 0.1 thousand people, Indicator name Staffing billing rate / Value ¥2,510 / Year on year against the same period last year ¥2.5, Indicator name Number of employees who are Technology engineers / Value 4,223 people / Year on year against the same period last year 11.4 people, Indicator name Productivity of the Career recruitment business / Value ¥2,877 thousand / Year on year against the same period last year ¥-5 thousand, Indicator name Gojob revenue / Value ¥14.3 billion / Year on year against the same period last year ¥63 billion
Unit price and quantity metricsIndicator name Number of Staffing workers / Value 132 thousand people / Year on year against the same period last year 0.1 thousand people, Indicator name Staffing billing rate / Value ¥2,510 / Year on year against the same period last year ¥2.5, Indicator name Staffing working days / Value 58 Days / Year on year against the same period last year -1.7 Days, Indicator name Number of employees who are Technology engineers / Value 4,223 people / Year on year against the same period last year 11.4 people, Indicator name Technology staffing billing rate / Value ¥4,315 / Year on year against the same period last year ¥4.2, Indicator name Headcount in the Career recruitment business / Value 2,619 people / Year on year against the same period last year -4 people, Indicator name Productivity of the Career recruitment business / Value ¥2,877 thousand / Year on year against the same period last year ¥-5 thousand
Number of stores and locationsProgrammed has approximately 140 locations in Australia and New Zealand. The number of openings and closures is Not disclosed.
Number of employeesThe number of Technology engineers and personnel in Career's recruitment business, among others, is disclosed. Group-wide employee numbers are Not disclosed.
Assumptions Underlying the Business OutlookExchange rate Average AUD for the period ¥105
Medium-term management plan targetsAI investment ¥190 100 million / AI investment return 330～430 / Financial targets ROE 20% or higher / ROIC 18% or more / Target fiscal year FY2028
Financial targetsROE 20% or more (FY2028 target) / ROIC 18% or more (FY2028 target)
Annual DividendAnnual ¥13 per share (forecast) / Interim ¥6.5 per share (actual) / End of period ¥6.5 per share (forecast)
Payout ratio50 % or more (based on adjusted EPS)
Acquisition of treasury sharesBuyback limit ¥100 100 million (maximum) / Acquisition period 12 November 2026 to 31 March 2027
New initiativesExecution of an agreement to transfer all shares of Programmed, Reclassification of Programmed as discontinued operations, Implementation of a ¥10 billion share repurchase, Cumulative investment of ¥19 billion in AI over 3 years, October 2026 release of the AI job-matching service and nationwide rollout during FY2026, Organisational and operational restructuring of the Career SBU
Items this document does not state (8)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesRisk amount incorporated into the outlookCapital 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.

Revenue increased due to contributions from Gojob and foreign exchange effects, among other factors, while adjusted EBITDA increased as profitability improved in the Staffing SBU and elsewhere. In contrast, the Career SBU reported declines in revenue and profit due to the continued emphasis on selective hiring, user churn following ID integration and delays in shifting its operating structure toward the high-end segment. The full-year forecast was revised to reflect the reclassification of Programmed as discontinued operations, its exclusion following the sale, and the inclusion of the gain on sale and transfer-related expenses.

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Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending March 2027 | PERSOL HOLDINGS CO.,LTD. (2181) timely disclosure | Komori