Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
19.3
% (year-on-year change in first-half revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (first half) of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales
Value
Q21,094.6
H12,139.9
Year on year against the same period last year
Q219.7
H119.3
Net income
Value
Q2209
H1411.6
Year on year against the same period last year
Q264
H165.7
Results for the three months of the current quarter
Revenue
¥1,094.6 billion+19.7%
EBITDA+S
¥297.9 billion+43.6%
EBITDA+S margin
27.2 %
EBITDA
¥275.6 billion+41.2%
Profit attributable to owners of the parent
¥209 billion+64.0%
Basic EPS
¥150.54+68.8%
Full-year earnings forecast
Revenue
¥4,230 billion+14.4%
EBITDA+S
¥1,105 billion+39.1%
EBITDA
¥1,025 billion+40.3%
Profit attributable to owners of the parent
¥755 billion+51.9%
Basic EPS
¥543+55.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The HR Technology business is expected to exceed its revised August outlook, while the consolidated full-year earnings forecast remains unchangedAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- US dollar exchange rate (full-year guidance)159 JPY/USD
New initiatives
- Extend the execution period of the ¥350 billion share repurchase program to the end of March 2027
- Advance the penetration and adoption of high-value-added services and the acquisition of new corporate clients in the HR Technology business
Key KPIsA metric the company considers important as a management benchmark.
- Basic EPS¥296.01Year on year against the same period last year+71.0%
- US Average Revenue per Job（Q2）39 % growth
- US Average Revenue per Job（H1）37 % growth
- HR Technology business EBITDA+S margin (H1)47.5 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- US Average Revenue per Job（US ARPJ）Q239H137
Segment results
- HR Technology businessQ2 revenue$30.7 billions (YoY +27.5%)H1 revenue$59.3 billions (YoY +24.2%)Q2 EBITDA+S Margin47.6 %H1 EBITDA+S Margin47.5 %
- StaffingQ2 revenue¥462.3 billion (YoY +9.7%)H1 revenue¥917.5 billion (YoY +10.6%)Q2 EBITDA+S Margin5.8 %H1 EBITDA+S Margin6 %
- Marketing, Matching and Technology (MMT) businessQ2 revenue¥149.5 billion (YoY +3.5%)H1 revenue¥291.4 billion (YoY +3.6%)Q2 EBITDA+S Margin27 %H1 EBITDA+S Margin31.4 %
Medium-term management plan targets
MMT Business EBITDA+S Margin
Target value35 Approximately %
Target fiscal yearFiscal year ending March 2029
Annual Dividend
Annual26 yen per share
Interim13 yen per share
End of period13 yen per share
Acquisition of treasury shares
Share buyback authorization amount¥3,500 100 million, 10,000 shares
Actual repurchase amount¥177.6 100 million, 10,000 shares
Actual Shares Acquired¥1,635 100 million, 10,000 shares
PeriodExtended from the end of November 2026 to the end of March 2027
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (first half) of the fiscal year ending March 2027 |
| Net Sales | value Q2 1,094.6 / H1 2,139.9 / yoy_pct Q2 19.7 / H1 19.3 |
| Net income | value Q2 209 / H1 411.6 / yoy_pct Q2 64 / H1 65.7 |
| Results for the three months of the current quarter | Revenue ¥1,094.6 billion (YoY +19.7%) / EBITDA+S ¥297.9 billion (YoY +43.6%) / EBITDA+S margin 27.2 % / EBITDA ¥275.6 billion (YoY +41.2%) / Profit attributable to owners of the parent ¥209 billion (YoY +64.0%) / Basic EPS ¥150.54 (YoY +68.8%) |
| Full-year earnings forecast | Revenue ¥4,230 billion (YoY +14.4%) / EBITDA+S ¥1,105 billion (YoY +39.1%) / EBITDA ¥1,025 billion (YoY +40.3%) / Profit attributable to owners of the parent ¥755 billion (YoY +51.9%) / Basic EPS ¥543 (YoY +55.2%) |
| Self-assessment against the plan | The HR Technology business is expected to exceed its revised August outlook, while the consolidated full-year earnings forecast remains unchanged |
| Segment results | Segment HR Technology business / Q2 revenue $30.7 billions (YoY +27.5%) / H1 revenue $59.3 billions (YoY +24.2%) / Q2 EBITDA+S Margin 47.6 % / H1 EBITDA+S Margin 47.5 %, Segment Staffing / Q2 revenue ¥462.3 billion (YoY +9.7%) / H1 revenue ¥917.5 billion (YoY +10.6%) / Q2 EBITDA+S Margin 5.8 % / H1 EBITDA+S Margin 6 %, Segment Marketing, Matching and Technology (MMT) business / Q2 revenue ¥149.5 billion (YoY +3.5%) / H1 revenue ¥291.4 billion (YoY +3.6%) / Q2 EBITDA+S Margin 27 % / H1 EBITDA+S Margin 31.4 % |
| Key KPIs | Indicator name Basic EPS / Value ¥296.01 / Year on year against the same period last year ¥71, Indicator name US Average Revenue per Job（Q2） / Value 39 % growth / Year on year against the same period last year Not disclosed, Indicator name US Average Revenue per Job（H1） / Value 37 % growth / Year on year against the same period last year Not disclosed, Indicator name HR Technology business EBITDA+S margin (H1) / Value 47.5 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name US Average Revenue per Job（US ARPJ） / Q2 39 % growth / H1 37 % growth |
| Assumptions Underlying the Business Outlook | Item US dollar exchange rate (full-year guidance) / Value 159 JPY/USD |
| Medium-term management plan targets | MMT Business EBITDA+S Margin Target value 35 Approximately % / Target fiscal year Fiscal year ending March 2029 |
| Annual Dividend | Annual 26 yen per share / Interim 13 yen per share / End of period 13 yen per share |
| Acquisition of treasury shares | Share buyback authorization amount ¥3,500 100 million, 10,000 shares / Actual repurchase amount ¥177.6 100 million, 10,000 shares / Actual Shares Acquired ¥1,635 100 million, 10,000 shares / Period Extended from the end of November 2026 to the end of March 2027 |
| New initiatives | Extend the execution period of the ¥350 billion share repurchase program to the end of March 2027, Advance the penetration and adoption of high-value-added services and the acquisition of new corporate clients in the HR Technology business |
Items this document does not state (16)
Operating profitOrdinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastBreakdown of Factors Affecting the ChangeNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsPayout ratioCapital 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.In the HR Technology business, the penetration and adoption of high-value-added services, mainly in the United States, progressed, as did the evolution of monetization and the acquisition of new corporate clients. Maintaining personnel costs at the same level as the previous year despite revenue growth in the first half was also cited as a factor behind the increase in the EBITDA+S margin. Although the HR Technology business is expected to exceed its revised August outlook, the consolidated full-year forecast was left unchanged because its impact on consolidated results is currently considered limited.
How to read this page
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