Open Up Group (2154) Company presentation summary

Medium-term management policy

• FY24 net sales ¥173.2B, up 14.9% YoY; operating profit ¥14.2B, up 17.5%; gross profit ¥11.7B, up 29.9%. Engineer count rose by 3,148 to 22,690.

• Policy targets annual growth of 10% or more in net sales and operating profit, while prioritizing long-term value (LTV) alongside growth.

• Portfolio restructuring is expected to support an operating margin of 10% or more in FY2026; the medium-term plan is to be formulated around a higher-profit structure.

Sale of UK business

• BeNEXT UK Holdings Limited, the UK holding company, was transferred on March 3, 2025; the sale amount was ~¥935M.

• UK business revenue was ¥35.64B in FY22, ¥29.829B in FY23 and ¥29.036B in FY24; operating margins were 2.1%, 1.4% and 1.3%, respectively.

• Overseas share of sales is forecast to decline from 14.1% in FY25 to 0.1% in FY26; ME & IT rises from 55.2% to 64.0%, and construction from 30.7% to 36.0%.

Business structure reform

• Strategy centers on engineer dispatch and long-term employment support; manufacturing and light-work domains tied to short-term work will be reduced or withdrawn.

• Engineer domain targets 10–15% segment profit margin, versus 5.0% for Japan manufacturing and 1.0% for overseas light work.

• Accompanied career support aims to improve engineers’ work-life experience and LTV; moving to a client company is one career path, with in-house employees supporting career development.

• The portfolio lists 24,000 engineers across ME, IT, construction, manufacturing and light work; manufacturing in Japan was sold in April 2024 and overseas light work was marked for sale in March 2025.