Building a Manufacturing Staffing Platform in Thailand

「Against this backdrop, in the overseas and other businesses, the company attracted customers by holding the Production Floor Level-Up Training program in Thailand on 22 and 23 January 2026 to develop the ability to identify waste and improve problem-solving capabilities. As a result, the number of Hirayama Group dispatched employees in Thailand stood at 2,234 as of March 2026, up 4.6% year on year.」

「Against this backdrop, the number of Hirayama Group dispatched employees in Thailand stood at 1,957 as of September 2025, down 9.1% year on year. Nevertheless, the company remained profitable as it continued efforts to operate at low cost, while pursuing further cost reductions to improve profitability.」

「Against this backdrop, the number of Hirayama Group dispatched employees in Thailand stood at 2,134 as of March 2025, down 19.4% year on year. Nevertheless, the company remained profitable as it continued efforts to operate at low cost, while pursuing further cost reductions to improve profitability. As a result, revenue was ¥2,408.744 million, down 16.4% year on year, and segment profit was ¥59.258 million, down 27.2%.」

「In the overseas business, Thailand's economy remained sluggish. The Manufacturing Production Index (MPI) declined 2.9% year on year in the fourth quarter of 2023, 3.6% in the first quarter of 2024, 0.2% in the second quarter and 1.1% in the third quarter. Automobile production, a major industry, declined 18.4% year on year in the first quarter of 2024, 16.3% in the second quarter and 21.0% in the third quarter. Against this backdrop, the number of Hirayama Group dispatched employees in Thailand fell to 2,154 as of September 2024, down 21.3% year on year. Nevertheless, the company remained profitable as it continued efforts to operate at low cost, while pursuing further cost reductions to improve profitability.」

「Against this backdrop, the number of Hirayama Group dispatched employees in Thailand stood at 2,650 as of March 2024, down 10.3% year on year. However, profits increased as the company maintained the number of employees placed with high-value customers and continued efforts to operate at low cost. As a result, revenue was ¥2,881.205 million, up 6.4% year on year, and segment profit was ¥81.390 million, up 10.8%.」

「In the overseas business, Thailand, the group's main market, remained sluggish. The Manufacturing Production Index (MPI) declined 3.7% year on year in the first quarter of 2023, 5.5% in the second quarter, 6.3% in the third quarter and 5.1% in the fourth quarter. Against this backdrop, the number of Hirayama Group dispatched employees in Thailand stood at 2,806 as of December 2023, down 11.3% year on year, but revenue increased as the company maintained the number of employees placed with high-value customers. On the earnings front, in addition to the factors described above, profits increased as a result of efforts to operate at low cost.」

「In the overseas business, Thailand, the group's main market, remained sluggish. The Manufacturing Production Index (MPI) declined 6.0% year on year in the fourth quarter of 2022, 3.7% in the first quarter of 2023, 5.5% in the second quarter and 6.3% in the third quarter. Against this backdrop, the number of Hirayama Group dispatched employees in Thailand stood at 2,737 as of September 2023, down 10.3% year on year, but revenue increased as the company secured additional personnel placements with high-value customers. On the earnings front, costs and selling, general and administrative expenses increased due to the termination of the social insurance premium reduction implemented in the previous fiscal year and expenses related to withholding tax refunds. However, profits increased as a result of efforts to operate at low cost. As a result, revenue was ¥1,437.896 million, up 13.1% year on year, and segment profit was ¥47.497 million, up 27.0%.」

「As a result, revenue was ¥2,709 million, up 21.8% year on year, and segment profit was ¥73 million, up 47.5% year on year.」

「Against this backdrop, the number of Hirayama Group dispatched employees in Thailand was up 11.7% year on year as of December 2022. In terms of earnings, profitability improved as the number of employees dispatched to high-margin customers increased and costs declined due in part to measures reducing social insurance contribution rates. As a result, revenue was ¥1,997.043 million, up 26.6% year on year, and segment profit was ¥56.058 million, up 50.4% year on year.」

「In the overseas business, Thailand, the main market, saw its manufacturing production index rise 1.6% year on year in the January–March 2022 quarter, fall 0.8% year on year in the April–June 2022 quarter, and rise 8.1% year on year in the July–September 2022 quarter, indicating a recovery trend. Against this backdrop, the number of Hirayama Group dispatched employees in Thailand was up 2.0% year on year as of September 2022.」

「As a result, revenue was ¥616.703 million, up 12.9% year on year, and segment profit was ¥19.529 million, up 14.7% year on year.」

「In terms of earnings, the company focused on raising unit order prices from the previous fiscal year and winning high-margin projects, while establishing an efficient operating structure. These efforts proved effective, and the business returned to profitability. As a result, revenue was ¥1,577.217 million, up 50.0% year on year, and segment profit was ¥37.268 million, compared with a segment loss of ¥58.018 million in the same period of the previous year.」

「In terms of earnings, the company focused on raising unit order prices from the previous fiscal year and winning high-margin projects, while establishing an efficient operating structure. These efforts proved effective, and the business returned to profitability.」

「In terms of earnings, the company focused on raising unit order prices and winning projects with high margins compared with the previous fiscal year, while establishing an efficient operating structure. These efforts proved effective, and the business returned to profitability.」

「As a result, during the current consolidated fiscal year, production stagnation in the first half caused by the spread of COVID-19 had a significant impact. Although production recovered in the second half, this was insufficient to offset the earlier decline. Revenue was ¥1,589.466 million, down 26.0% year on year, and the segment loss was ¥44.729 million, compared with a segment loss of ¥2.276 million in the previous fiscal year.」

「As a result, during the cumulative period through the third quarter of the current consolidated fiscal year, the business was still recovering from production stagnation caused by the spread of COVID-19. Revenue was ¥1,051.639 million, down 34.5% year on year, and the segment loss was ¥58.018 million, compared with segment profit of ¥7.260 million in the same period of the previous year.」

「Although signs of recovery were visible, the cumulative period through the second quarter of the current consolidated fiscal year represented a trough. Revenue was ¥627.693 million, down 40.3% year on year, and the segment loss was ¥49.291 million, compared with segment profit of ¥2.510 million in the same period of the previous year.」

「As a result, revenue was ¥291.497 million, down 47.7% year on year, and the segment loss was ¥27.220 million, compared with a segment loss of ¥0.930 million in the previous fiscal year, as margin improvement remained a work in progress.」

「As a result, revenue was ¥2,148.154 million, down 3.3% year on year, and the segment loss was ¥2.276 million, compared with a segment loss of ¥13.385 million in the previous fiscal year, as margin improvement remained a work in progress.」

「In Thailand, the main market, exports, which had been driving the manufacturing sector, fell below the previous year's level from the April–June 2019 quarter through the July–September quarter. Although exports rose 1.6% year on year in the October–December quarter, this represented the lowest growth in 21 quarters.」

「To meet the needs of Thailand's manufacturing sector, which has entered a mature phase beyond the stage of simply supplying labor, the company will develop and propose services centered on the key concepts of stability and efficiency.」

「To meet needs beyond general staffing, the company launched labor-management services using foreign workers and will respond to requests for a stable supply of the workforce required in a fluid labor market. It will enhance maintenance services in Thailand, where automation and labor saving are expected to advance further, by launching a maintenance center staffed by electrical engineers familiar with factory automation and engineers familiar with IT infrastructure. As a result, revenue was ¥557.785 million, up 15.3% year on year, and the segment loss was ¥0.983 million, compared with a segment loss of ¥2.156 million in the same quarter of the previous year, as margin improvement remained a work in progress.」

「As a result, revenue was ¥2,222.176 million, up 24.3% year on year, and the segment loss was ¥13.385 million, compared with a segment loss of ¥20.438 million in the previous fiscal year, as margin improvement remained a work in progress.」

「In Thailand, the main market, automotive production in fiscal 2018 exceeded 2 million units for the first time in 5 years, reaching 2.1 million units, while domestic sales reached 1.1 million units, making the recovery in domestic demand clear. Production conditions, particularly in the automotive sector, are expected to remain firm. In staffing, demand is increasing significantly not only for general factory workers but also for engineers familiar with machine tools and technical staff involved in production-support equipment for labor saving and energy saving.」

「Because the minimum wage rose by more than 7% from April 2018, customer companies began considering automation, labor saving, and a review of staffing arrangements. The company used this as an opportunity to propose shifting customers from staffing to contract work, while continuing to negotiate price increases to improve margins. The results are expected to emerge from the next fiscal year onward. As a result, revenue was ¥1,017.567 million, up 14.0% year on year, while segment profit was ¥3.254 million, down 65.8% year on year, as margin improvement remained a work in progress.」

「In the overseas business, Thailand, the main market, saw a gradual recovery in July and August as the consumer confidence index improved and vehicle sales increased. In September, however, the impact of the trade war emerged, with exports to China, the largest destination, falling 14% and total exports declining 5% year on year. The impact spread to production, and vehicle production declined for the first time in 15 months. Because the minimum wage had risen by more than 7% from April 2018, customer companies began considering automation, labor saving, and a review of staffing arrangements. The group continued proposing a shift to insourcing and negotiating price increases, resulting in higher revenue.」

「Because the minimum wage rose by more than 7% from April 2018, customer companies began considering automation, labor saving, and a review of staffing arrangements. The company therefore continued proposing a shift from staffing to contract work and negotiating price increases, while reducing selling, general and administrative expenses to improve margins. As a result, revenue was ¥1,787.244 billion, up 22.2% year on year. Although earnings improved year on year, margin improvement had yet to take hold, and the segment loss was ¥20.438 million, compared with a segment loss of ¥33.009 million in the previous fiscal year.」

「In Thailand, the company's main market, the consumer confidence index improved and vehicle sales increased, indicating a gradual recovery. Exports also expanded despite the stronger baht, supporting the Thai economy. Because the minimum wage was set to rise by more than 7% from April 2018, customer companies began considering automation, labor saving, and a review of staffing arrangements. The company therefore continued proposing a shift to insourcing and negotiating price increases, while reducing selling, general and administrative expenses to improve margins.」

「Exports also expanded, with full-year growth expected to exceed 10%, supporting the Thai economy. Under these circumstances, the company negotiated price increases and reduced selling, general and administrative expenses to improve margins.」

「In Thailand, the company's main market, the consumer confidence index improved and vehicle sales increased, pointing to signs of recovery. Under these circumstances, the company negotiated price increases, primarily with customers of the acquired entity, while reducing selling, general and administrative expenses to improve margins.」

「Under these circumstances, the company conducted sales activities, primarily targeting major Japanese companies, as a manufacturing staffing company capable of providing workplace improvement, one of its distinguishing features, and steadily pursued new customer development.」

「Under these circumstances, the company conducted sales activities, primarily targeting major Japanese companies, as a manufacturing staffing company capable of providing workplace improvement, one of its distinguishing features. New customer development progressed steadily.」

「In the overseas business, the company acquired the business through M&A in January 2016, established a base in Thailand, and proceeded smoothly with its integration into the group.」

「As a foothold for future expansion across Southeast Asia, in January 2016 we acquired a Thai company operating a manufacturing-staffing business in an industrial park and succeeded to its operations, thereby establishing a business platform in Thailand.」