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Persol (2181) investor relations material
Persol Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2027 revenue rose 11.9% YoY to ¥842.4bn; operating profit increased 3.1% to ¥37.7bn and parent-attributable profit rose 1.8% to ¥24.4bn.
Adjusted EBITDA grew 16.9% to ¥51.8bn, supported by gross profit growth, Gojob’s contribution and favorable FX.
Planned sale of Programmed and PBS reshapes reported forecasts; Career recovery is delayed to Q4, while AI investment targets productivity and added-value gains.
Financial highlights
Revenue was ¥842.4bn, gross profit ¥189.6bn and operating profit ¥37.7bn, compared with ¥752.7bn, ¥178.7bn and ¥36.6bn in H1 FY2026.
Profit before tax rose 4.3% to ¥37.5bn; net profit increased 2.4% to ¥25.4bn and parent-attributable profit rose 1.8% to ¥24.4bn.
Adjusted EBITDA was ¥51.8bn, up 16.9%; adjusted profit was ¥28.9bn, up 16.1%, and adjusted EPS was ¥12.96, up 15.4%.
Free cash flow was ¥29.0bn versus ¥26.0bn; operating cash flow was ¥40.0bn versus ¥33.6bn in H1 FY2026.
Outlook and guidance
FY2027 forecasts: revenue ¥1,269.0bn, operating profit ¥61.7bn, profit before tax ¥61.3bn, adjusted EBITDA ¥85.0bn, adjusted profit ¥50.9bn and adjusted EPS ¥22.43.
Forecasts reflect Programmed and PBS as discontinued operations from Q3; expected ¥50.0bn sale gain is included in discontinued-operation profit, subject to price adjustments and FX.
Excluding Programmed and sale-related items, revised revenue, operating profit and adjusted EBITDA reflect reductions of ¥361.6bn, ¥8.1bn and ¥10.6bn; the full-year plan otherwise remains unchanged.
Career SBU recovery to prior-year levels is expected in Q4; restructuring targets year-end recovery and renewed growth next fiscal year. AI investment of ¥19.0bn over FY2026–FY2028 targets cumulative returns of ¥33.0bn–¥43.0bn.
- Revenue and profit surged year-on-year, led by Gojob, AI strategy, and strong segment gains.2181
Q1 2027 - AI-led growth targets stronger margins and expansion in frontline and high-value markets.2181
IR Day 2026 - Aims for 10% EBITDA CAGR and tech-driven HR transformation with strong AI integration.2181
Investor presentation - Record revenue and profit growth, with strong outlook and AI-driven transformation ahead.2181
Q4 2026 - Record revenue and profit growth, driven by strong SBU performance and Gojob acquisition.2181
Q3 2026 - Strong first-half growth, raised outlook, treasury share cancellation, and ESG upgrade to AAA.2181
Q2 2025 - Revenue up 9.8% year-on-year, strong profit and segment growth, guidance unchanged.2181
Q1 2025 - Revenue up 9.6%, profit up 21.3%, all segments grew, BPO/IT expansion completed.2181
Q3 2025 - Record FY2024 results underpin FY2025 guidance for 10.4% Adjusted EBITDA growth.2181
Q4 2025
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