Japan · Delayed Price · Currency is JPY Persol Holdings Earnings Call Transcripts
Fiscal Year 2027
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Revenue and adjusted EBITDA grew 13.5% and 21.6% year-on-year, respectively, driven by Gojob acquisition, business expansion, and AI initiatives. Progress is ahead of plan, with strong performance in Technology and Other segments, and ongoing investments in AI and productivity.
Fiscal Year 2026
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Strategy shifts toward AI-enabled growth, higher-value services and frontline workforce solutions. FY2028 targets include Career adjusted EBITDA margin of at least 20%, Technology 10%, BPO 8% and Staffing just over 6%.
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Record revenue and profit growth were achieved in fiscal 2025, with all SBUs contributing. Fiscal 2026 guidance projects continued growth, though Career SBU faces temporary headwinds from IT integration. Dividend increases and strong capital efficiency are planned.
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Record revenue and profit growth continued in Q3, with all SBUs contributing and full-year targets on track. AI investments and acquisitions like Gojob are driving productivity and expansion, while cautious hiring and macro uncertainty remain key risks.
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Record profits achieved in the first half, with revenue and gross profit up 5% year-over-year. Full-year adjusted EBITDA is projected to rise 10% to JPY 86.5 billion, despite higher M&A expenses, supported by strong SBU performance and the Gojob acquisition.
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Q1 revenue grew 3.6% year-on-year to JPY 373.6 billion, with adjusted EBITDA at JPY 21.7 billion and operating profit at JPY 15.4 billion, both tracking in line with full-year targets. Segment performance was mixed, with strong growth in BPO and Technology, but currency and one-off factors weighed on Asia Pacific.
Fiscal Year 2025
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FY2024 delivered record Adjusted EBITDA of JPY 78.3 billion, up 8.4% YoY. FY2025 guidance calls for 10.4% Adjusted EBITDA growth, higher dividends and record ROE/ROIC, while excluding recent tariff and FX effects.
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Revenue and profit grew strongly year-on-year, with all business segments contributing to gains. Strategic BPO acquisition and IT investments are set to drive future growth, while the company targets a 10% profit increase next year.
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First half FY2024 saw strong revenue and profit growth, with all major SBUs contributing except BPO, which declined due to loss of COVID-19 projects. Full-year guidance remains on track, treasury shares will be canceled, and ESG rating was upgraded to AAA.
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Q1 FY2024 saw revenue rise 9.8% year-on-year to JPY 360.8 billion, with adjusted EBITDA up 20.7% and all segments growing, led by Career SBU at 16%. Full-year guidance is maintained despite market uncertainties, and multiple HR awards were received.