Pasona Group (2168) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended February 28, 2026, rose 0.2% year-over-year to ¥229,470 million, with growth in all segments except BPO Solutions and Career Solutions.

• Gross profit increased 3.7% to ¥51,518 million, with margin improvement, but operating profit declined as SG&A expenses, especially personnel and IT costs, rose.

• Quarterly net loss attributable to owners improved significantly year-over-year, narrowing by ¥4,269 million to ¥1,893 million.

• Comprehensive income improved to a loss of ¥1,607 million from ¥5,858 million loss year-over-year.

Financial highlights

• Net sales: ¥229.5 billion, up 0.2% year-over-year; gross profit: ¥51.5 billion, up ¥1.8 billion; gross profit margin improved to 22.5%.

• Operating profit: loss of ¥1.33 billion, similar to prior year; ordinary loss improved to ¥286 million due to increased non-operating income.

• Net loss attributable to owners: ¥1.89 billion, improved from ¥6.16 billion loss last year.

• SG&A expenses increased by ¥1.89 billion, mainly from higher personnel and IT costs.

• Basic earnings per share for the nine months was ¥(50.20), compared to ¥(157.36) year-over-year.

Outlook and guidance

• Full-year consolidated earnings forecast revised downward: net sales now expected at ¥310 billion (down ¥20 billion from prior forecast), operating profit at ¥0.5 billion (down ¥2 billion), ordinary profit at ¥1.8 billion, and net loss at ¥1.8 billion (EPS: ¥(47.72)).

• Career Solutions and Regional Revitalization segments expected to fall short of initial forecasts.

• No change to dividend forecast; annual ¥75.00 per share (¥15.00 ordinary, ¥60.00 special).