Worth reading
75Important
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
-245
¥ million (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter 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¥5,126 million+8.7%
Operating profit¥431 million-36.3%
Ordinary income¥440 million-32.9%
Net income¥210 million-49.5%
Gross Profit Margin42.2 %
Operating profit margin8.4 %
Results for the three months of the current quarter
Net Sales
¥2,593 million+0.8%
Operating profit
¥230 million-36.5%
Full-year earnings forecast
Net Sales
¥11,500 million
Gross profit
¥5,159 million
Operating profit
¥1,460 million
Ordinary income
¥1,460 million
Net income
¥935 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 Sales44.6
Operating profit29.6
Ordinary income30.2
Net income22.5
HR Solutions Business_Temporary Staffing and Contract Services_Revenue46.8
HR Solutions Business_Recruitment_Revenue40.7
Media & Solutions Business_Revenue38.9
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-half progress came in below planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Gross profit from the staffing business and Other¥-73 million
- Gross profit from recruitment placement and recruitment support businesses¥-102 million
- Gross profit from the Media & Solutions business¥-53 million
- SG&A expenses of existing businesses¥-43 million
- Increase in subsidiaries' gross profit¥158 million
- Subsidiaries' personnel expenses¥-82 million
- Other SG&A expenses of subsidiaries¥-8 million
- Amortization of goodwill at subsidiaries¥-40 million
New initiatives
- Acquired 70.0% of flaggs and made it a consolidated subsidiary effective 1 October 2026
- In-house game development and operations capabilities by adding flaggs
- Launch of specialized websites leveraging AI
- Expansion into the semiconductor-related and construction management fields
Key KPIsA metric the company considers important as a management benchmark.
- Active headcount1,112 peopleYear on year against the same period last year+103.0%
- Staffing utilization rate99.4 %
- Number of customers932 companies
- Job postings20,009 DealsYear on year against the same period last yearbroadly unchanged
- Number of consultants (average)61 peopleYear on year against the same period last yearDecreased
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Placement value per consultant+3.2% vs. prior-year average
- Number of placementsShown as an index
- Placement fee per transactionShown as an index
- Kojō Works customer spend per clientIndex 88
Segment results
- HR Solutions Business: Staffing and Contract ServicesNet Sales3,768Revenue Unit¥ millionRevenue YoY (%)19.3Segment profit541Profit Unit¥ millionProfit yoy_pct-7.9
- HR Solutions Business: Recruitment PlacementNet Sales809Revenue Unit¥ millionRevenue YoY (%)-14.1Segment profit237Profit Unit¥ millionProfit yoy_pct-29.6
- Media & Solutions BusinessNet Sales565Revenue Unit¥ millionRevenue YoY (%)-9Segment profit167Profit Unit¥ millionProfit yoy_pct-26.9
Medium-term management plan targets
Fiscal year ending March 2030
Net Sales20,000
Revenue Unit¥ million
Operating profit3,000
Operating profit unit¥ million
Financial targets
Equity ratio
83.5 %
ROE
15 %
Net cash
¥42.2 100 million
Payout ratio
56.8 %
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥5,126 million (YoY +8.7%) |
| Operating profit | ¥431 million (YoY -36.3%) |
| Ordinary income | ¥440 million (YoY -32.9%) |
| Net income | ¥210 million (YoY -49.5%) |
| Gross Profit Margin | 42.2 % |
| Operating profit margin | 8.4 % |
| Results for the three months of the current quarter | Net Sales ¥2,593 million (YoY +0.8%) / Operating profit ¥230 million (YoY -36.5%) |
| Full-year earnings forecast | Net Sales ¥11,500 million / Gross profit ¥5,159 million / Operating profit ¥1,460 million / Ordinary income ¥1,460 million / Net income ¥935 million |
| Progress against full-year forecast | Net Sales 44.6 / Operating profit 29.6 / Ordinary income 30.2 / Net income 22.5 / HR Solutions Business_Temporary Staffing and Contract Services_Revenue 46.8 / HR Solutions Business_Recruitment_Revenue 40.7 / Media & Solutions Business_Revenue 38.9 |
| Self-assessment against the plan | First-half progress came in below plan |
| Segment results | Segment HR Solutions Business: Staffing and Contract Services / Net Sales 3,768 / Revenue Unit ¥ million / Revenue YoY (%) 19.3 / Segment profit 541 / Profit Unit ¥ million / Profit yoy_pct -7.9, Segment HR Solutions Business: Recruitment Placement / Net Sales 809 / Revenue Unit ¥ million / Revenue YoY (%) -14.1 / Segment profit 237 / Profit Unit ¥ million / Profit yoy_pct -29.6, Segment Media & Solutions Business / Net Sales 565 / Revenue Unit ¥ million / Revenue YoY (%) -9 / Segment profit 167 / Profit Unit ¥ million / Profit yoy_pct -26.9 |
| Breakdown of Factors Affecting the Change | Factors Gross profit from the staffing business and Other / Amount ¥-73 million, Factors Gross profit from recruitment placement and recruitment support businesses / Amount ¥-102 million, Factors Gross profit from the Media & Solutions business / Amount ¥-53 million, Factors SG&A expenses of existing businesses / Amount ¥-43 million, Factors Increase in subsidiaries' gross profit / Amount ¥158 million, Factors Subsidiaries' personnel expenses / Amount ¥-82 million, Factors Other SG&A expenses of subsidiaries / Amount ¥-8 million, Factors Amortization of goodwill at subsidiaries / Amount ¥-40 million |
| Key KPIs | Indicator name Active headcount / Value 1,112 people / Year on year against the same period last year 103 people, Indicator name Staffing utilization rate / Value 99.4 % / Year on year against the same period last year Not disclosed, Indicator name Number of customers / Value 932 companies / Year on year against the same period last year Not disclosed, Indicator name Job postings / Value 20,009 Deals / Year on year against the same period last year broadly unchanged, Indicator name Number of consultants (average) / Value 61 people / Year on year against the same period last year Decreased |
| Unit price and quantity metrics | Indicator name Placement value per consultant / Value +3.2% vs. prior-year average, Indicator name Number of placements / Value Shown as an index, Indicator name Placement fee per transaction / Value Shown as an index, Indicator name Kojō Works customer spend per client / Value Index 88 |
| Medium-term management plan targets | Fiscal year ending March 2030 Net Sales 20,000 / Revenue Unit ¥ million / Operating profit 3,000 / Operating profit unit ¥ million |
| Financial targets | Equity ratio 83.5 % / ROE 15 % / Net cash ¥42.2 100 million |
| Payout ratio | 56.8 % |
| New initiatives | Acquired 70.0% of flaggs and made it a consolidated subsidiary effective 1 October 2026, In-house game development and operations capabilities by adding flaggs, Launch of specialized websites leveraging AI, Expansion into the semiconductor-related and construction management fields |
Items this document does not state (11)
Selling, general and administrative expensesNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendAcquisition of treasury sharesCapital 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 through the consolidation of growth areas including BRAISE and ジーズ・コーポレーション. In the core business, however, operating profit was weighed down by a decline in average headcount, a lower gross profit margin, a decrease in orders in the second half of the previous fiscal year, and lower advertising budgets at major customers, as well as higher rent following the consolidation of the Shinjuku head office, and increases in advertising expenses, personnel expenses and amortization of goodwill.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.