Persol (2181) Q3 2026 earnings summary

Executive summary

• Achieved record highs in revenue and all-stage profits for FY2025 Q1–Q3, with all SBUs posting revenue growth and progress on track to meet full-year targets.

• Revenue for the nine months ended December 31, 2025, was ¥1,154,288 million, up 6.3% year-over-year.

• Operating profit rose 11.5% to ¥53,998 million, and profit attributable to owners of parent increased 10.4% to ¥34,388 million.

• Adjusted EBITDA reached ¥68,078 million, up 5.0% year-over-year.

• Acquisition of Gojob SAS, an AI-driven staffing platform, was completed, supporting digital transformation and international expansion.

Financial highlights

• Revenue for Q1–Q3: ¥1,154.3B (+6.3% YoY); gross profit: ¥264.9B (+6.4% YoY).

• Operating profit: ¥54.0B (+11.5% YoY); OP margin: 4.7% (+0.2pt YoY).

• Adjusted EBITDA: ¥68.1B (+5.0% YoY); margin: 5.9%.

• Profit attributable to owners: ¥34.4B (+10.4% YoY); EPS: ¥15.65 (+11.8% YoY); adjusted EPS: ¥16.74.

• Comprehensive income rose 43.7% to ¥47,898 million.

Outlook and guidance

• Full-year revenue forecast: ¥1,540.0B (+6.1% YoY); adjusted EBITDA: ¥86.5B (+10.4% YoY).

• Operating profit is projected at ¥66,000 million (+14.9%), and profit attributable to owners of parent at ¥41,000 million (+14.3%).

• Annual dividend forecast is ¥11.00 per share.

• FY2026 aims for stable revenue growth and 10% adjusted EBITDA growth, with a focus on margin improvement and portfolio optimization.

• Cautious hiring trends expected in some sectors due to AI implementation and macroeconomic uncertainty.