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Commercial Services

PERSOL Holdings Co., Ltd.

Business Summary

PERSOL Holdings Co., Ltd. engages in the temporary staffing business. It operates through the following business segments: Temporary Staffing and Business Process Outsourcing (BPO), Recruiting, PROGRAM MED, PERSOL KELLY, ITO (Information Technology Outsourcing), Engineering, and Others. The Temporary Staffing and BPO segment provides services in clerical work, research and clinical development, outsourcing, nursing, and government office contract businesses. The Recruiting segment includes services in mid-career recruitment, new graduate assessment, part time employment, and executive placement services. The PROGRAM MED segment provides maintenance and staffing business in Australia. The PERSOL KELLY segment offers PERSOL KELLY brands in the Asia-Pacific region. The ITO segment includes system solutions, business consulting, and outsourcing in energy and information and communications technology (ICT) fields. The Engineering segment designs and develops automobile and automobile parts, aerospace and industrial machineries, and electronics. The Others segment includes shared services such as education training. It also manages temporary staffing, recruitment, and outsourcing businesses. The company was founded by Yoshiko Shinohara in May 1973 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2021 JPYUSD
Gross Profit185,670M1,750.65M
Operating income26,440M249.29M
Income before tax28,579M269.46M
Net income15,834M149.29M
Diluted EPS68.630.64
Dividends Per Share260.24
Total Assets383,416M3,469.82M
Total liabilities208,254M1,884.65M
Total equity157,123M1,421.92M
Operating cash flow37,574M354.27M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 591,995M 722,183M 925,818M 970,572M 950,722M
Gross Profit 142,807M 167,438M 206,517M 213,992M 185,670M
Operating income 33,410M 36,069M 44,111M 37,730M 26,440M
Income before tax 30,200M 20,578M 42,691M 20,331M 28,579M
Net income 17,820M 7,768M 24,362M 7,612M 15,834M
EBITDA 43,433M 48,026M 59,972M 55,000M 43,911M
Diluted EPS 75.77 33.26 104.38 32.75 68.63
Dividends Per Share 17 19 25 30 26
Total Assets 268,568M 402,336M 370,839M 370,993M 383,416M
Total liabilities 114,749M 242,552M 200,015M 207,083M 208,254M
Total equity 139,120M 145,537M 155,594M 147,850M 157,123M
Operating cash flow 39,617M 35,003M 42,353M 28,592M 37,574M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 5,466.88M 6,515.99M 8,348.62M 8,926.78M 8,964.21M
Gross Profit 1,318.77M 1,510.73M 1,862.28M 1,968.18M 1,750.65M
Operating income 308.53M 325.43M 397.77M 347.01M 249.29M
Income before tax 278.88M 185.66M 384.96M 186.99M 269.46M
Net income 164.56M 70.08M 219.68M 70.01M 149.29M
EBITDA 401.08M 433.32M 540.80M 505.85M 414.03M
Diluted EPS 0.69 0.30 0.94 0.30 0.64
Dividends Per Share 0.15 0.17 0.22 0.27 0.24
Total Assets 2,410.19M 3,783.13M 3,350.40M 3,436.55M 3,469.82M
Total liabilities 1,029.78M 2,280.69M 1,807.06M 1,918.23M 1,884.65M
Total equity 1,248.49M 1,368.47M 1,405.73M 1,369.55M 1,421.92M
Operating cash flow 365.85M 315.81M 381.92M 262.97M 354.27M

Valuation Measures

Mar 2021
Operating margin2.78%
Profit margin1.66%

Key executives

  • President, CEO & Representative Director: Masamichi Mizuta
  • Director, EVP & Senior Head-Operations: Takao Wada
  • Chief Financial Officer & Executive Officer: Kiyoshi Seki
  • Chief Information Officer & Executive Officer: Masayuki Furukawa
  • Director, EVP & Senior Head-Function: Hirotoshi Takahashi


  • Fidelity Management & Research Co. LLC (7.5%)
  • Shinohara Yoshiko Memorial Foundation (6.6%)
  • T. Rowe Price International Ltd. (4.6%)
  • Kelly Services, Inc. (3.8%)
  • Nomura Asset Management Co., Ltd. (2.6%)
  • PERSOL Holdings Co., Ltd. (2.1%)
  • The Vanguard Group, Inc. (1.7%)
  • OTSUKA CORP. (1.2%)
  • Massachusetts Financial Services Co. (1.2%)

Contact Details

  • Website:
  • Address: Persol Minami Aoyama Building, 1-15-5 Minami-Aoyama, Tokyo, 107-0062, Japan
  • Phone: +81.3.3375.2220

Related Companies

  • Persol Holdings Restricted Stock Compensation Plan
  • Persol Challenge Co., Ltd.
  • PERSOL Research & Consulting Co., Ltd.
  • Autalent Solutions Pty Ltd.
  • Persol Career Consulting Co., Ltd.
  • Persol Technology Staff Co., Ltd.
  • Persol Innovation Co., Ltd.
  • Persol Professional Outsourcing Co. Ltd.
  • Persol Asia Pacific Pte Ltd.
  • TS2 Holdings LLC
  • Persol Australia Holdings Pty Ltd.
  • Persol Process & Technology Co., Ltd.
  • Persol Holdings Employee Incentive Plan
  • Persol Holdings Board Incentive Plan
  • Persol Innovation Fund LLC
  • GTECHK, Inc.
  • Intelligence Business Solutions Vietnam Co. Ltd.
  • Suzhou Tempstaff Data Co. Ltd.
  • TS Intelligence South Asia Holdings Pte Ltd.
  • Intelligence Asia Pte Ltd.
  • TS Consulting International, Inc.
  • Intelligence Holdings Ltd.
  • Tempstaff People Co., Ltd.
  • Tempstaff Familie Co. Ltd.
  • Fuji Xerox Learning Institute, Inc.
  • Tempbros Co. Ltd.
  • Tempstaff Integration Co. Ltd.
  • Kelly Services (Singapore) Pte Ltd.
  • Temp Holdings Employee Stock Owership Plan
  • Persol Tempstaff Co., Ltd.


    Last Updated on 21 Sep, 2021

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