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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 2022 JPYUSD
Gross Profit224,005M1,993.41M
Operating income48,143M428.42M
Income before tax50,043M445.33M
Net income31,524M280.53M
Diluted EPS136.841.21
Dividends Per Share420.37
Total Assets421,778M3,474.99M
Total liabilities217,459M1,791.62M
Total equity182,996M1,507.69M
Operating cash flow50,692M451.10M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 722,183M 925,818M 970,572M 950,722M 1,060.89B
Gross Profit 167,438M 206,517M 213,992M 185,695M 224,005M
Operating income 36,069M 44,111M 37,730M 25,725M 48,143M
Income before tax 20,578M 42,691M 20,331M 27,864M 50,043M
Net income 7,768M 24,362M 7,612M 15,341M 31,524M
EBITDA 48,026M 59,972M 55,000M 43,171M 67,149M
Diluted EPS 33.26 104.38 32.75 66.49 136.84
Dividends Per Share 19 25 30 26 42
Total Assets 402,336M 370,839M 370,993M 381,179M 421,778M
Total liabilities 242,552M 200,015M 207,083M 207,575M 217,459M
Total equity 145,537M 155,594M 147,850M 155,565M 182,996M
Operating cash flow 35,003M 42,353M 28,592M 36,805M 50,692M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 6,515.99M 8,348.62M 8,926.78M 8,964.21M 9,440.84M
Gross Profit 1,510.73M 1,862.28M 1,968.18M 1,750.89M 1,993.41M
Operating income 325.43M 397.77M 347.01M 242.55M 428.42M
Income before tax 185.66M 384.96M 186.99M 262.72M 445.33M
Net income 70.08M 219.68M 70.01M 144.64M 280.53M
EBITDA 433.32M 540.80M 505.85M 407.05M 597.55M
Diluted EPS 0.30 0.94 0.30 0.62 1.21
Dividends Per Share 0.17 0.22 0.27 0.24 0.37
Total Assets 3,783.13M 3,350.40M 3,436.55M 3,449.58M 3,474.99M
Total liabilities 2,280.69M 1,807.06M 1,918.23M 1,878.50M 1,791.62M
Total equity 1,368.47M 1,405.73M 1,369.55M 1,407.82M 1,507.69M
Operating cash flow 315.81M 381.92M 262.97M 347.02M 451.10M

Valuation Measures

Mar 2022
Operating margin4.53%
Profit margin2.97%

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


  • Shinohara Yoshiko Memorial Foundation (6.6%)
  • Fidelity Management & Research Co. LLC (6.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.4%)
  • T. Rowe Price Associates, Inc. (Investment Management) (2.9%)
  • Nomura Asset Management Co., Ltd. (2.9%)
  • PERSOL Holdings Co., Ltd. (2.9%)
  • T. Rowe Price International Ltd. (2.0%)
  • The Vanguard Group, Inc. (1.9%)
  • Nikko Asset Management Co., Ltd. (1.5%)

Contact Details

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

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  • Persol Holdings Employee Incentive Plan
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  • Persol Tempstaff Co., Ltd.


  • TechnoPro Holdings Inc.
Last Updated on 25 Nov, 2022

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