View Future GrowthPasona Group 과거 순이익 실적과거 기준 점검 0/6Pasona Group은 연평균 15.9%의 비율로 수입이 증가해 온 반면, Professional Services 산업은 연평균 9.3%의 비율로 증가했습니다. 매출은 연평균 3.1%의 비율로 감소했습니다.핵심 정보15.90%순이익 성장률15.77%주당순이익(EPS) 성장률Professional Services 산업 성장률14.49%매출 성장률-3.14%자기자본이익률-2.50%순이익률-1.10%최근 순이익 업데이트31 May 2026최근 과거 실적 업데이트Reported Earnings • Jul 17Full year 2026 earnings released: JP¥90.04 loss per share (vs JP¥222 loss in FY 2025)Full year 2026 results: JP¥90.04 loss per share (improved from JP¥222 loss in FY 2025). Revenue: JP¥308.5b (flat on FY 2025). Net loss: JP¥3.39b (loss narrowed 61% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.공고 • Jun 17Pasona Group Inc. to Report Fiscal Year 2026 Results on Jul 15, 2026Pasona Group Inc. announced that they will report fiscal year 2026 results on Jul 15, 2026공고 • Mar 17Pasona Group Inc. to Report Q3, 2026 Results on Apr 14, 2026Pasona Group Inc. announced that they will report Q3, 2026 results on Apr 14, 2026공고 • Dec 13Pasona Group Inc. to Report Q2, 2026 Results on Jan 14, 2026Pasona Group Inc. announced that they will report Q2, 2026 results on Jan 14, 2026공고 • Sep 14Pasona Group Inc. to Report Q1, 2026 Results on Oct 15, 2025Pasona Group Inc. announced that they will report Q1, 2026 results on Oct 15, 2025공고 • Jun 14Pasona Group Inc. to Report Fiscal Year 2025 Results on Jul 15, 2025Pasona Group Inc. announced that they will report fiscal year 2025 results on Jul 15, 2025모든 업데이트 보기Recent updatesReported Earnings • Jul 17Full year 2026 earnings released: JP¥90.04 loss per share (vs JP¥222 loss in FY 2025)Full year 2026 results: JP¥90.04 loss per share (improved from JP¥222 loss in FY 2025). Revenue: JP¥308.5b (flat on FY 2025). Net loss: JP¥3.39b (loss narrowed 61% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.공고 • Jul 15+ 3 more updatesPasona Group Inc., Annual General Meeting, Aug 28, 2026Pasona Group Inc., Annual General Meeting, Aug 28, 2026.공고 • Jun 17Pasona Group Inc. to Report Fiscal Year 2026 Results on Jul 15, 2026Pasona Group Inc. announced that they will report fiscal year 2026 results on Jul 15, 2026Board Change • May 21Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Outside Director Ryohei Miyata was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공고 • Mar 17Pasona Group Inc. to Report Q3, 2026 Results on Apr 14, 2026Pasona Group Inc. announced that they will report Q3, 2026 results on Apr 14, 2026공고 • Jan 14Pasona Group Inc. Provides Earnings Guidance for the Full Year Ending May 31, 2026Pasona Group Inc. provided earnings guidance for the full year ending May 31, 2026. For the year, the company expected net sales of JPY 330,000 million, operating profit of JPY 2,500 million, profit attributable to owners of parent of JPY 2,800 million and net profit per share of JPY 13.19.공고 • Dec 13Pasona Group Inc. to Report Q2, 2026 Results on Jan 14, 2026Pasona Group Inc. announced that they will report Q2, 2026 results on Jan 14, 2026공고 • Sep 14Pasona Group Inc. to Report Q1, 2026 Results on Oct 15, 2025Pasona Group Inc. announced that they will report Q1, 2026 results on Oct 15, 2025공고 • Aug 22Pasona Group Inc. Announces Board and Board Committee Changes, Effective August 22, 2025Pasona Group Inc. announced that at the General Meeting of Shareholders held on August 22, 2025, directors were appointed, and at the subsequent Board of Directors Meeting, resolved to make the following executive appointments as of the same day. Members of the Board (Excluding Directors who are Audit and Supervisory Committee Members): Name, Current position, and Previous position: Hirotaka Wakamoto was appointed as Representative Director, Chairperson and CEO, previously serving as Representative Director, President and CEO. Shintaro Nakao was appointed as Representative Director, President and COO Representative Director & President of Pasona Inc., previously serving as Managing Executive Officer General Manager of the Group Sales General Headquarters, Representative Director & President of Pasona Inc. Junko Fukasawa was appointed as Director, Vice President and Executive Officer General Manager of the Pasona Way General Headquarters, responsible for the Social Contribution Department, with the same previous position. Kinuko Yamamoto was appointed as Director, Vice President and Executive Officer General Manager of the NATUREVERSE General Headquarters, with the same previous position. Makiya Nambu was appointed as Director, Vice President and Executive Officer General Manager of the Global Strategy General Headquarters, General Manager of the International Business Headquarters, previously serving as Director and Managing Executive Officer General Manager of the Global Strategy General Headquarters, General Manager of the International Business Headquarters. Directors who are Audit and Supervisory Committee Members: Name, Current position, and Previous position: Kazufumi Nomura was appointed as Director (Full-time Audit and Supervisory Committee Member) with the same previous position. Haruo Funabashi was appointed as Outside Director (Audit and Supervisory Committee Member/Independent Director)with the same previous position. Kazuo Furukawa was appointed as Outside Director (Audit and Supervisory Committee Member/Independent Director) with the same previous position. Ryohei Miyata was appointed as Outside Director (Audit and Supervisory Committee Member/Independent Director) with the same previous position. Yutaka Atomi was appointed as Outside Director (Audit and Supervisory Committee Member/Independent Director)with the same previous position.공고 • Jul 15Pasona Group Inc., Annual General Meeting, Aug 22, 2025Pasona Group Inc., Annual General Meeting, Aug 22, 2025.공고 • Jun 27Pasona Group Inc. Revises Consolidated Earnings Guidance for the Full Year Ending May 31, 2025Pasona Group Inc. revised consolidated earnings guidance for the full year ending May 31, 2025. For the year, the company expected net sales of JPY 309,200 million compared to previous guidance of JPY 320,000 million, operating loss of JPY 1,250 million compared to previous guidance operating profit of JPY 1,700 million, loss attributable to owners of parent of JPY 8,650 million compared to previous guidance of JPY 4,300 million. Reasons for Revision of Consolidated Business Forecasts for the Fiscal Year Ended May 31, 2025: In the current fiscal year, the company planned for a decrease in net sales from the previous fiscal year due to the discontinuation of the Outsourcing segment at the beginning of the current consolidated fiscal year as a result of the sale of shares in a consolidated subsidiary in the previous fiscal year, as well as the peak-out of large-scale BPO Solution projects. Under these circumstances, although we made progress in acquiring new BPO demand associated with productivity improvements and DX promotion at companies experiencing expanding demand, the acquisition of projects did not grow as much as expected toward the end of the fiscal year, and sales are expected to fall short of the previous forecast. In the Expert Solutions business, although the number of temporary workers exceeded the previous year's figures on a monthly basis from April onwards, it is unlikely to reach the previous forecast. These shortfalls in sales have affected profits, which are now expected to fall short of the previous forecast. Career Solutions are expected to exceed initial forecasts, but due to longer-than-expected employment decision periods in the reemployment support business, results are not expected to reach the previous forecast.공고 • Jun 14Pasona Group Inc. to Report Fiscal Year 2025 Results on Jul 15, 2025Pasona Group Inc. announced that they will report fiscal year 2025 results on Jul 15, 2025공고 • Mar 13Pasona Group Inc. to Report Q3, 2025 Results on Apr 14, 2025Pasona Group Inc. announced that they will report Q3, 2025 results on Apr 14, 2025공고 • Jan 15Pasona Group Inc. (TSE:2168) announces an Equity Buyback for 2,000,000 shares, representing 4.97% for ¥5,000 million.Pasona Group Inc. (TSE:2168) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 4.97% of its issued share capital, for ¥5,000 million. The purpose of the program is further improving capital efficiency and implementing a flexible capital policy in response to the business environment. The repurchases will expire on January 14, 2026. As of January 14, 2025, the company had 40,250,996 shares issued (excluding treasury stock) and 1,439,304 shares.공고 • Jan 14Pasona Group Inc. Revises Earnings Guidance for the Full Year Ending May 31, 2025Pasona Group Inc. revised earnings guidance for the full year ending May 31, 2025. For the year, the company expected net sales of JPY 320,000 million compared to JPY 330,000 million, operating profit of JPY 1,700 million compared to JPY 5,000 million, loss attributable to owners of parent of JPY 4,300 million compared to profit of JPY 1,300 million.공고 • Dec 14Pasona Group Inc. to Report Q2, 2025 Results on Jan 14, 2025Pasona Group Inc. announced that they will report Q2, 2025 results on Jan 14, 2025Buy Or Sell Opportunity • Nov 12Now 20% overvaluedOver the last 90 days, the stock has fallen 13% to €11.80. The fair value is estimated to be €9.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 104%. Revenue is forecast to decline by 7.4% in a year. Earnings are forecast to decline by 98% in the next year.Reported Earnings • Oct 17First quarter 2025 earnings released: JP¥30.47 loss per share (vs JP¥4.77 profit in 1Q 2024)First quarter 2025 results: JP¥30.47 loss per share (down from JP¥4.77 profit in 1Q 2024). Revenue: JP¥76.3b (down 15% from 1Q 2024). Net loss: JP¥1.19b (down JP¥1.38b from profit in 1Q 2024). Revenue is expected to decline by 3.1% p.a. on average during the next 2 years, while revenues in the Professional Services industry in Europe are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Board Change • Oct 08Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Outside Director Ryohei Miyata was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공고 • Sep 12Pasona Group Inc. to Report Q1, 2025 Results on Oct 15, 2024Pasona Group Inc. announced that they will report Q1, 2025 results on Oct 15, 2024공고 • Aug 22Pasona Group Inc. Approves Board and Committee ChangesPasona Group Inc. announced that at the General Meeting of Shareholders and the Board of Directors Meeting held on August 22, 2024, resolved to make the following executive appointments. Members of the Board (Excluding Directors who are Audit and Supervisory Committee Members): Yasuyuki Nambu -Group CEO & President; Hirotaka Wakamoto- From Executive Officer & Vice President, Chief Operating Officer, General Manager of the Growth Strategy General Headquarters & General Manager of the Corporate Planning Headquarters to Executive Officer & Vice President, Chief Operating Officer, General Manager of the Corporate Planning Headquarters & General Manager of the Growth Strategy Headquarters; Junko Fukasawa- from Executive Officer & Vice President, General Manager of the Pasona Way General Headquarters, responsible for the Social Contribution Department to Executive Officer & Vice President, General Manager of the Pasona Way Headquarters, responsible for the Social Contribution Department; Kinuko Yamamoto- From Executive Officer & Vice President, General Manager of the NATUREVERSE General Headquarters to Executive Officer & Vice President, General Manager of the New Business Development Headquarters; Makiya Nambu: Managing Executive Officer & Director, General Manager of the International Business Headquarters & Deputy General Manager of the Corporate Planning Headquarters. Directors who are Audit and Supervisory Committee Members: Kazufumi Nomura -Director (Full-time Audit and Supervisory Committee Member), Haruo Funabashi- Outside Director (Audit and Supervisory Committee Member), Kazuo Furukawa - Outside Director (Audit and Supervisory Committee Member), Ryohei Miyata - Outside Director (Audit and Supervisory Committee Member), Yutaka Atomi - Outside Director (Audit and Supervisory Committee Member).New Risk • Jul 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 2,342% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 141% per year for the foreseeable future. High level of non-cash earnings (2,342% accrual ratio).Reported Earnings • Jul 15Full year 2024 earnings released: EPS: JP¥2,448 (vs JP¥156 in FY 2023)Full year 2024 results: EPS: JP¥2,448 (up from JP¥156 in FY 2023). Revenue: JP¥356.7b (down 4.3% from FY 2023). Net income: JP¥95.9b (up JP¥89.8b from FY 2023). Profit margin: 27% (up from 1.6% in FY 2023). Revenue is expected to decline by 8.1% p.a. on average during the next 2 years, while revenues in the Professional Services industry in Europe are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.공고 • Jul 13Pasona Group Inc., Annual General Meeting, Aug 22, 2024Pasona Group Inc., Annual General Meeting, Aug 22, 2024.공고 • Jul 12+ 3 more updatesPasona Group Inc. Provides Dividend Guidance for the Fiscal Year Ending May 31, 2025Pasona Group Inc. provided dividend guidance for the fiscal year ending May 31, 2025. for the year, the company expects dividend of JPY 75.00 per share against JPY 15.00 per share a year ago.공고 • Jun 14Pasona Group Inc. to Report Fiscal Year 2024 Results on Jul 12, 2024Pasona Group Inc. announced that they will report fiscal year 2024 results on Jul 12, 2024Upcoming Dividend • May 23Upcoming dividend of JP¥75.00 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 13 August 2024. Payout ratio is on the higher end at 98% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.3%).Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to €12.70, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 11% over the past three years.New Risk • Apr 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin).Reported Earnings • Apr 14Third quarter 2024 earnings released: JP¥22.92 loss per share (vs JP¥30.99 profit in 3Q 2023)Third quarter 2024 results: JP¥22.92 loss per share (down from JP¥30.99 profit in 3Q 2023). Revenue: JP¥86.2b (down 7.6% from 3Q 2023). Net loss: JP¥898.0m (down 174% from profit in 3Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 5.6% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공고 • Mar 13Pasona Group Inc. to Report Q3, 2024 Results on Apr 12, 2024Pasona Group Inc. announced that they will report Q3, 2024 results on Apr 12, 2024New Risk • Jan 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 36% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 36% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin).Reported Earnings • Jan 15Second quarter 2024 earnings released: JP¥1.07 loss per share (vs JP¥36.78 profit in 2Q 2023)Second quarter 2024 results: JP¥1.07 loss per share (down from JP¥36.78 profit in 2Q 2023). Revenue: JP¥89.4b (down 2.7% from 2Q 2023). Net loss: JP¥42.0m (down 103% from profit in 2Q 2023). Profit margin: 0% (down from 1.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.공고 • Jan 12Pasona Group Inc. Provides Year-End Dividend Guidance for the Fiscal Year 2023Pasona Group Inc. provided year-end dividend guidance for the fiscal year 2023. For the period, the company expects to pay year-end dividend of JPY 35.00 per share compared to JPY 35.00 per share paid a year ago.공고 • Dec 13Pasona Group Inc. to Report Q2, 2024 Results on Jan 12, 2024Pasona Group Inc. announced that they will report Q2, 2024 results on Jan 12, 2024Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €15.00, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Professional Services industry in Europe. Total returns to shareholders of 11% over the past year.공고 • Nov 16M3, Inc. (TSE:2413) entered into a share tender agreement to acquire a 55% stake in Benefit One Inc. (TSE:2412) from Pasona Group Inc. (TSE:2168) and others for approximately ¥140 billion.M3, Inc. (TSE:2413) entered into a share tender agreement to acquire a 55% stake in Benefit One Inc. (TSE:2412) from Pasona Group Inc. (TSE:2168) and others for approximately ¥140 billion on November 14, 2023. The offer price is ¥1600 cash per share. The transaction is subject to minimum tender of 81,210,400 shares and maximum of 87,307,300 shares. The offer period will commence on November 15, 2023 and end on December 13, 2023.New Risk • Nov 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin).Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €11.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 16% over the past year.Reported Earnings • Oct 15First quarter 2024 earnings released: EPS: JP¥4.77 (vs JP¥33.01 in 1Q 2023)First quarter 2024 results: EPS: JP¥4.77 (down from JP¥33.01 in 1Q 2023). Revenue: JP¥89.9b (down 2.4% from 1Q 2023). Net income: JP¥187.0m (down 86% from 1Q 2023). Profit margin: 0.2% (down from 1.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Professional Services industry in Europe.공고 • Sep 15Pasona Group Inc. to Report Q1, 2024 Results on Oct 13, 2023Pasona Group Inc. announced that they will report Q1, 2024 results on Oct 13, 2023공고 • Aug 25Pasona Group Inc. Appoints Yutaka Atomi as Outside Director (Audit and Supervisory Committee Member)Pasona Group Inc. approved to appoint Yutaka Atomi as Outside Director (Audit and Supervisory Committee Member).New Risk • Jul 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 22% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 22% per year for the foreseeable future. High level of non-cash earnings (47% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.6% net profit margin).New Risk • Jul 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (47% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.6% net profit margin).Reported Earnings • Jul 16Full year 2023 earnings released: EPS: JP¥156 (vs JP¥220 in FY 2022)Full year 2023 results: EPS: JP¥156 (down from JP¥220 in FY 2022). Revenue: JP¥372.6b (up 1.8% from FY 2022). Net income: JP¥6.10b (down 29% from FY 2022). Profit margin: 1.6% (down from 2.4% in FY 2022). The decrease in margin was driven by higher expenses.공고 • Jul 15+ 2 more updatesPasona Group Inc. Announces Dividend for the Year Ended May 31, 2023, Payable on August 10, 2023Pasona Group Inc. announced dividend for the year ended May 31, 2023. For the year, the company announced to pay a dividend of JPY 35.00 per share against JPY 30.00 per share paid a year ago, payable on August 10, 2023.공고 • Jul 14Pasona Group Inc., Annual General Meeting, Aug 24, 2023Pasona Group Inc., Annual General Meeting, Aug 24, 2023.공고 • Jun 15Pasona Group Inc. to Report Fiscal Year 2023 Results on Jul 14, 2023Pasona Group Inc. announced that they will report fiscal year 2023 results on Jul 14, 2023Upcoming Dividend • May 23Upcoming dividend of JP¥35.00 per share at 1.9% yieldEligible shareholders must have bought the stock before 30 May 2023. Payment date: 07 August 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%).Reported Earnings • Apr 16Third quarter 2023 earnings released: EPS: JP¥30.99 (vs JP¥64.21 in 3Q 2022)Third quarter 2023 results: EPS: JP¥30.99 (down from JP¥64.21 in 3Q 2022). Revenue: JP¥93.3b (up 5.6% from 3Q 2022). Net income: JP¥1.21b (down 52% from 3Q 2022). Profit margin: 1.3% (down from 2.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe.Reported Earnings • Jan 15Second quarter 2023 earnings released: EPS: JP¥36.78 (vs JP¥59.24 in 2Q 2022)Second quarter 2023 results: EPS: JP¥36.78 (down from JP¥59.24 in 2Q 2022). Revenue: JP¥91.9b (up 1.5% from 2Q 2022). Net income: JP¥1.44b (down 38% from 2Q 2022). Profit margin: 1.6% (down from 2.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe.공고 • Jan 14+ 1 more updatePasona Group Inc. Provides Dividend Guidance for the Year Ending May 31, 2023Pasona Group Inc. provided dividend guidance for the year ending May 31, 2023. For the year, the company expects dividend of JPY 35.00 per share against JPY 35.00 per share paid for the same period a year ago.공고 • Dec 14Pasona Group Inc. to Report Q2, 2023 Results on Jan 13, 2023Pasona Group Inc. announced that they will report Q2, 2023 results on Jan 13, 2023Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Outside Director Haruo Funabashi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 16First quarter 2023 earnings released: EPS: JP¥33.01 (vs JP¥63.39 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.01 (down from JP¥63.39 in 1Q 2022). Revenue: JP¥92.1b (flat on 1Q 2022). Net income: JP¥1.29b (down 48% from 1Q 2022). Profit margin: 1.4% (down from 2.7% in 1Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe.공고 • Oct 15+ 1 more updatePasona Group Inc. Provides Dividend Guidance for the Fiscal Year Ending May 31, 2023Pasona Group Inc. provided dividend guidance of JPY 35 per share for the fiscal year ending May 31, 2023.공고 • Sep 15Pasona Group Inc. to Report Q1, 2023 Results on Oct 14, 2022Pasona Group Inc. announced that they will report Q1, 2023 results on Oct 14, 2022Board Change • Aug 08Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Ryohei Miyata was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Jul 20Pasona Group Inc. Announces Notice of Change of DirectorsPasona Group Inc. has resolved the following changes based on the report of the Nominating and Compensation Committee at its Board of Director's meeting held on July 19, 2022. 1. Newly Appointed Candidate for Members of the Board Name: Makiya Nambu. As of the date of the Ordinary General Meeting of Shareholders in August 19, 2022: Managing Executive Officer & Director, General Manager of the International Business Headquarters & Deputy General Manager of the Corporate Planning Headquarters, Pasona Group Inc. Current: General Manager of the International Business Division. Date of Birth: Jul. 31, 1984. Apr. 2008: Joined Mitsubishi Corporation Jun. 2013: Joined Pasona Inc. Sep. 2018: Executive Officer, General Manager of the Global Business Division, Pasona Inc. Dec. 2018: General Manager of the International Business Division, Pasona Group Inc. (to present) Sep. 2021; Managing Executive Officer, General Manager of the Global Business Division, Pasona Inc. (to present). Retiring of Members of the Board: Name: Heizo Takenaka. Current: Chairman & Director, Pasona Group Inc.공고 • Jul 16+ 3 more updatesPasona Group Inc. Declares Ordinary Dividend for the Year Ended May 31, 2022, Payable on August 5, 2022Pasona Group Inc. declared a ordinary dividend of ¥30.00 per share for the year ended May 31, 2022, the dividend payable on August 5, 2022.공고 • Jul 15Pasona Group Inc., Annual General Meeting, Aug 19, 2022Pasona Group Inc., Annual General Meeting, Aug 19, 2022.공고 • May 26+ 2 more updatesPasona Group Inc. to Report Fiscal Year 2022 Results on Jul 15, 2022Pasona Group Inc. announced that they will report fiscal year 2022 results on Jul 15, 2022Reported Earnings • Apr 15Third quarter 2022 earnings released: EPS: JP¥64.21 (vs JP¥33.32 in 3Q 2021)Third quarter 2022 results: EPS: JP¥64.21 (up from JP¥33.32 in 3Q 2021). Revenue: JP¥88.4b (up 11% from 3Q 2021). Net income: JP¥2.51b (up 93% from 3Q 2021). Profit margin: 2.8% (up from 1.6% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.4%, compared to a 9.5% growth forecast for the industry in Germany.공고 • Apr 15+ 1 more updatePasona Group Inc. Provides Dividend Guidance for the Fiscal Year 2021Pasona Group Inc. provided dividend guidance for the fiscal year 2021. For the period, the company expects dividend to be JPY 30 per share.Reported Earnings • Jan 15Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: JP¥59.24 (up from JP¥5.47 in 2Q 2021). Revenue: JP¥90.6b (up 14% from 2Q 2021). Net income: JP¥2.32b (up JP¥2.11b from 2Q 2021). Profit margin: 2.6% (up from 0.3% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.9%, compared to a 9.2% growth forecast for the industry in Germany.Reported Earnings • Jan 15Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: JP¥59.24 (up from JP¥5.47 in 2Q 2021). Revenue: JP¥90.6b (up 14% from 2Q 2021). Net income: JP¥2.32b (up JP¥2.11b from 2Q 2021). Profit margin: 2.6% (up from 0.3% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.9%, compared to a 9.2% growth forecast for the industry in Germany.Reported Earnings • Oct 16First quarter 2022 earnings released: EPS JP¥63.39 (vs JP¥104 in 1Q 2021)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥91.9b (up 7.2% from 1Q 2021). Net income: JP¥2.48b (down 39% from 1Q 2021). Profit margin: 2.7% (down from 4.7% in 1Q 2021). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to €23.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the Professional Services industry in Europe.Reported Earnings • Jul 18Full year 2021 earnings released: EPS JP¥173 (vs JP¥15.19 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥334.5b (up 2.9% from FY 2020). Net income: JP¥6.78b (up JP¥6.19b from FY 2020). Profit margin: 2.0% (up from 0.2% in FY 2020). The increase in margin was driven by higher revenue.Reported Earnings • Apr 16Third quarter 2021 earnings released: EPS JP¥33.32 (vs JP¥4.50 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥79.8b (up 2.1% from 3Q 2020). Net income: JP¥1.30b (up JP¥1.13b from 3Q 2020). Profit margin: 1.6% (up from 0.2% in 3Q 2020).공고 • Mar 14Pasona Group Inc. to Report Q3, 2021 Results on Apr 13, 2021Pasona Group Inc. announced that they will report Q3, 2021 results on Apr 13, 2021Reported Earnings • Jan 15Second quarter 2021 earnings released: EPS JP¥5.47The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥79.2b (down 3.0% from 2Q 2020). Net income: JP¥214.0m (down 38% from 2Q 2020). Profit margin: 0.3% (down from 0.4% in 2Q 2020). The decrease in margin was driven by lower revenue.매출 및 비용 세부 내역Pasona Group가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:9D4 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 May 26308,496-3,38871,428028 Feb 26309,799-4,38871,081030 Nov 25309,833-5,51668,657031 Aug 25309,882-8,07070,039031 May 25309,240-8,65867,076028 Feb 25320,08690,48171,217030 Nov 24331,35191,98470,183031 Aug 24343,17594,51075,843031 May 24356,73395,89174,838029 Feb 24360,8571,39874,182030 Nov 23367,9223,51073,937031 Aug 23370,3944,99373,609031 May 23372,5796,09973,555028 Feb 23372,5015,25572,723030 Nov 22367,5836,55569,872031 Aug 22366,2357,43367,188031 May 22366,0968,62164,265028 Feb 22360,7458,51662,264030 Nov 21352,1207,30661,418031 Aug 21340,7165,20161,067031 May 21334,5406,78460,091028 Feb 21330,3065,60859,753030 Nov 20328,6614,48060,703031 Aug 20331,1094,61261,028031 May 20324,98459463,010029 Feb 20323,0371,62663,122030 Nov 19323,5211,73662,827031 Aug 19323,6132,02862,183031 May 19326,9841,97561,756028 Feb 19326,0152,01161,424030 Nov 18325,4831,44960,285031 Aug 18321,94974859,550031 May 18311,4101,28857,173028 Feb 18303,60597954,709030 Nov 17294,1471,15752,312031 Aug 17283,62294350,270031 May 17280,395-12949,204028 Feb 17274,778-21848,166030 Nov 16272,993-23947,831031 Aug 16269,0682746,083031 May 16263,72824345,988029 Feb 16251,472-24644,899030 Nov 15240,0243542,968031 Aug 15231,39114441,8020양질의 수익: 9D4 은(는) 현재 수익성이 없습니다.이익 마진 증가: 9D4는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 9D4는 수익성이 없지만 지난 5년 동안 연평균 15.9%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 9D4의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 9D4은 수익성이 없어 지난 해 수익 성장률을 Professional Services 업계(4.8%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 9D4는 현재 수익성이 없으므로 자본 수익률이 음수(-2.5%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YCommercial-services 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/23 23:23종가2026/07/23 00:00수익2026/05/31연간 수익2026/05/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Pasona Group Inc.는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullDaiwa Securities Co. Ltd.Kazumasa OharaNomura Securities Co. Ltd.Kiyoshi MoriOkasan Securities Co. Ltd.
Reported Earnings • Jul 17Full year 2026 earnings released: JP¥90.04 loss per share (vs JP¥222 loss in FY 2025)Full year 2026 results: JP¥90.04 loss per share (improved from JP¥222 loss in FY 2025). Revenue: JP¥308.5b (flat on FY 2025). Net loss: JP¥3.39b (loss narrowed 61% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
공고 • Jun 17Pasona Group Inc. to Report Fiscal Year 2026 Results on Jul 15, 2026Pasona Group Inc. announced that they will report fiscal year 2026 results on Jul 15, 2026
공고 • Mar 17Pasona Group Inc. to Report Q3, 2026 Results on Apr 14, 2026Pasona Group Inc. announced that they will report Q3, 2026 results on Apr 14, 2026
공고 • Dec 13Pasona Group Inc. to Report Q2, 2026 Results on Jan 14, 2026Pasona Group Inc. announced that they will report Q2, 2026 results on Jan 14, 2026
공고 • Sep 14Pasona Group Inc. to Report Q1, 2026 Results on Oct 15, 2025Pasona Group Inc. announced that they will report Q1, 2026 results on Oct 15, 2025
공고 • Jun 14Pasona Group Inc. to Report Fiscal Year 2025 Results on Jul 15, 2025Pasona Group Inc. announced that they will report fiscal year 2025 results on Jul 15, 2025
Reported Earnings • Jul 17Full year 2026 earnings released: JP¥90.04 loss per share (vs JP¥222 loss in FY 2025)Full year 2026 results: JP¥90.04 loss per share (improved from JP¥222 loss in FY 2025). Revenue: JP¥308.5b (flat on FY 2025). Net loss: JP¥3.39b (loss narrowed 61% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
공고 • Jul 15+ 3 more updatesPasona Group Inc., Annual General Meeting, Aug 28, 2026Pasona Group Inc., Annual General Meeting, Aug 28, 2026.
공고 • Jun 17Pasona Group Inc. to Report Fiscal Year 2026 Results on Jul 15, 2026Pasona Group Inc. announced that they will report fiscal year 2026 results on Jul 15, 2026
Board Change • May 21Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Outside Director Ryohei Miyata was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공고 • Mar 17Pasona Group Inc. to Report Q3, 2026 Results on Apr 14, 2026Pasona Group Inc. announced that they will report Q3, 2026 results on Apr 14, 2026
공고 • Jan 14Pasona Group Inc. Provides Earnings Guidance for the Full Year Ending May 31, 2026Pasona Group Inc. provided earnings guidance for the full year ending May 31, 2026. For the year, the company expected net sales of JPY 330,000 million, operating profit of JPY 2,500 million, profit attributable to owners of parent of JPY 2,800 million and net profit per share of JPY 13.19.
공고 • Dec 13Pasona Group Inc. to Report Q2, 2026 Results on Jan 14, 2026Pasona Group Inc. announced that they will report Q2, 2026 results on Jan 14, 2026
공고 • Sep 14Pasona Group Inc. to Report Q1, 2026 Results on Oct 15, 2025Pasona Group Inc. announced that they will report Q1, 2026 results on Oct 15, 2025
공고 • Aug 22Pasona Group Inc. Announces Board and Board Committee Changes, Effective August 22, 2025Pasona Group Inc. announced that at the General Meeting of Shareholders held on August 22, 2025, directors were appointed, and at the subsequent Board of Directors Meeting, resolved to make the following executive appointments as of the same day. Members of the Board (Excluding Directors who are Audit and Supervisory Committee Members): Name, Current position, and Previous position: Hirotaka Wakamoto was appointed as Representative Director, Chairperson and CEO, previously serving as Representative Director, President and CEO. Shintaro Nakao was appointed as Representative Director, President and COO Representative Director & President of Pasona Inc., previously serving as Managing Executive Officer General Manager of the Group Sales General Headquarters, Representative Director & President of Pasona Inc. Junko Fukasawa was appointed as Director, Vice President and Executive Officer General Manager of the Pasona Way General Headquarters, responsible for the Social Contribution Department, with the same previous position. Kinuko Yamamoto was appointed as Director, Vice President and Executive Officer General Manager of the NATUREVERSE General Headquarters, with the same previous position. Makiya Nambu was appointed as Director, Vice President and Executive Officer General Manager of the Global Strategy General Headquarters, General Manager of the International Business Headquarters, previously serving as Director and Managing Executive Officer General Manager of the Global Strategy General Headquarters, General Manager of the International Business Headquarters. Directors who are Audit and Supervisory Committee Members: Name, Current position, and Previous position: Kazufumi Nomura was appointed as Director (Full-time Audit and Supervisory Committee Member) with the same previous position. Haruo Funabashi was appointed as Outside Director (Audit and Supervisory Committee Member/Independent Director)with the same previous position. Kazuo Furukawa was appointed as Outside Director (Audit and Supervisory Committee Member/Independent Director) with the same previous position. Ryohei Miyata was appointed as Outside Director (Audit and Supervisory Committee Member/Independent Director) with the same previous position. Yutaka Atomi was appointed as Outside Director (Audit and Supervisory Committee Member/Independent Director)with the same previous position.
공고 • Jul 15Pasona Group Inc., Annual General Meeting, Aug 22, 2025Pasona Group Inc., Annual General Meeting, Aug 22, 2025.
공고 • Jun 27Pasona Group Inc. Revises Consolidated Earnings Guidance for the Full Year Ending May 31, 2025Pasona Group Inc. revised consolidated earnings guidance for the full year ending May 31, 2025. For the year, the company expected net sales of JPY 309,200 million compared to previous guidance of JPY 320,000 million, operating loss of JPY 1,250 million compared to previous guidance operating profit of JPY 1,700 million, loss attributable to owners of parent of JPY 8,650 million compared to previous guidance of JPY 4,300 million. Reasons for Revision of Consolidated Business Forecasts for the Fiscal Year Ended May 31, 2025: In the current fiscal year, the company planned for a decrease in net sales from the previous fiscal year due to the discontinuation of the Outsourcing segment at the beginning of the current consolidated fiscal year as a result of the sale of shares in a consolidated subsidiary in the previous fiscal year, as well as the peak-out of large-scale BPO Solution projects. Under these circumstances, although we made progress in acquiring new BPO demand associated with productivity improvements and DX promotion at companies experiencing expanding demand, the acquisition of projects did not grow as much as expected toward the end of the fiscal year, and sales are expected to fall short of the previous forecast. In the Expert Solutions business, although the number of temporary workers exceeded the previous year's figures on a monthly basis from April onwards, it is unlikely to reach the previous forecast. These shortfalls in sales have affected profits, which are now expected to fall short of the previous forecast. Career Solutions are expected to exceed initial forecasts, but due to longer-than-expected employment decision periods in the reemployment support business, results are not expected to reach the previous forecast.
공고 • Jun 14Pasona Group Inc. to Report Fiscal Year 2025 Results on Jul 15, 2025Pasona Group Inc. announced that they will report fiscal year 2025 results on Jul 15, 2025
공고 • Mar 13Pasona Group Inc. to Report Q3, 2025 Results on Apr 14, 2025Pasona Group Inc. announced that they will report Q3, 2025 results on Apr 14, 2025
공고 • Jan 15Pasona Group Inc. (TSE:2168) announces an Equity Buyback for 2,000,000 shares, representing 4.97% for ¥5,000 million.Pasona Group Inc. (TSE:2168) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 4.97% of its issued share capital, for ¥5,000 million. The purpose of the program is further improving capital efficiency and implementing a flexible capital policy in response to the business environment. The repurchases will expire on January 14, 2026. As of January 14, 2025, the company had 40,250,996 shares issued (excluding treasury stock) and 1,439,304 shares.
공고 • Jan 14Pasona Group Inc. Revises Earnings Guidance for the Full Year Ending May 31, 2025Pasona Group Inc. revised earnings guidance for the full year ending May 31, 2025. For the year, the company expected net sales of JPY 320,000 million compared to JPY 330,000 million, operating profit of JPY 1,700 million compared to JPY 5,000 million, loss attributable to owners of parent of JPY 4,300 million compared to profit of JPY 1,300 million.
공고 • Dec 14Pasona Group Inc. to Report Q2, 2025 Results on Jan 14, 2025Pasona Group Inc. announced that they will report Q2, 2025 results on Jan 14, 2025
Buy Or Sell Opportunity • Nov 12Now 20% overvaluedOver the last 90 days, the stock has fallen 13% to €11.80. The fair value is estimated to be €9.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 104%. Revenue is forecast to decline by 7.4% in a year. Earnings are forecast to decline by 98% in the next year.
Reported Earnings • Oct 17First quarter 2025 earnings released: JP¥30.47 loss per share (vs JP¥4.77 profit in 1Q 2024)First quarter 2025 results: JP¥30.47 loss per share (down from JP¥4.77 profit in 1Q 2024). Revenue: JP¥76.3b (down 15% from 1Q 2024). Net loss: JP¥1.19b (down JP¥1.38b from profit in 1Q 2024). Revenue is expected to decline by 3.1% p.a. on average during the next 2 years, while revenues in the Professional Services industry in Europe are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Board Change • Oct 08Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Outside Director Ryohei Miyata was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공고 • Sep 12Pasona Group Inc. to Report Q1, 2025 Results on Oct 15, 2024Pasona Group Inc. announced that they will report Q1, 2025 results on Oct 15, 2024
공고 • Aug 22Pasona Group Inc. Approves Board and Committee ChangesPasona Group Inc. announced that at the General Meeting of Shareholders and the Board of Directors Meeting held on August 22, 2024, resolved to make the following executive appointments. Members of the Board (Excluding Directors who are Audit and Supervisory Committee Members): Yasuyuki Nambu -Group CEO & President; Hirotaka Wakamoto- From Executive Officer & Vice President, Chief Operating Officer, General Manager of the Growth Strategy General Headquarters & General Manager of the Corporate Planning Headquarters to Executive Officer & Vice President, Chief Operating Officer, General Manager of the Corporate Planning Headquarters & General Manager of the Growth Strategy Headquarters; Junko Fukasawa- from Executive Officer & Vice President, General Manager of the Pasona Way General Headquarters, responsible for the Social Contribution Department to Executive Officer & Vice President, General Manager of the Pasona Way Headquarters, responsible for the Social Contribution Department; Kinuko Yamamoto- From Executive Officer & Vice President, General Manager of the NATUREVERSE General Headquarters to Executive Officer & Vice President, General Manager of the New Business Development Headquarters; Makiya Nambu: Managing Executive Officer & Director, General Manager of the International Business Headquarters & Deputy General Manager of the Corporate Planning Headquarters. Directors who are Audit and Supervisory Committee Members: Kazufumi Nomura -Director (Full-time Audit and Supervisory Committee Member), Haruo Funabashi- Outside Director (Audit and Supervisory Committee Member), Kazuo Furukawa - Outside Director (Audit and Supervisory Committee Member), Ryohei Miyata - Outside Director (Audit and Supervisory Committee Member), Yutaka Atomi - Outside Director (Audit and Supervisory Committee Member).
New Risk • Jul 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 2,342% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 141% per year for the foreseeable future. High level of non-cash earnings (2,342% accrual ratio).
Reported Earnings • Jul 15Full year 2024 earnings released: EPS: JP¥2,448 (vs JP¥156 in FY 2023)Full year 2024 results: EPS: JP¥2,448 (up from JP¥156 in FY 2023). Revenue: JP¥356.7b (down 4.3% from FY 2023). Net income: JP¥95.9b (up JP¥89.8b from FY 2023). Profit margin: 27% (up from 1.6% in FY 2023). Revenue is expected to decline by 8.1% p.a. on average during the next 2 years, while revenues in the Professional Services industry in Europe are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
공고 • Jul 13Pasona Group Inc., Annual General Meeting, Aug 22, 2024Pasona Group Inc., Annual General Meeting, Aug 22, 2024.
공고 • Jul 12+ 3 more updatesPasona Group Inc. Provides Dividend Guidance for the Fiscal Year Ending May 31, 2025Pasona Group Inc. provided dividend guidance for the fiscal year ending May 31, 2025. for the year, the company expects dividend of JPY 75.00 per share against JPY 15.00 per share a year ago.
공고 • Jun 14Pasona Group Inc. to Report Fiscal Year 2024 Results on Jul 12, 2024Pasona Group Inc. announced that they will report fiscal year 2024 results on Jul 12, 2024
Upcoming Dividend • May 23Upcoming dividend of JP¥75.00 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 13 August 2024. Payout ratio is on the higher end at 98% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.3%).
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to €12.70, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 11% over the past three years.
New Risk • Apr 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin).
Reported Earnings • Apr 14Third quarter 2024 earnings released: JP¥22.92 loss per share (vs JP¥30.99 profit in 3Q 2023)Third quarter 2024 results: JP¥22.92 loss per share (down from JP¥30.99 profit in 3Q 2023). Revenue: JP¥86.2b (down 7.6% from 3Q 2023). Net loss: JP¥898.0m (down 174% from profit in 3Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 5.6% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공고 • Mar 13Pasona Group Inc. to Report Q3, 2024 Results on Apr 12, 2024Pasona Group Inc. announced that they will report Q3, 2024 results on Apr 12, 2024
New Risk • Jan 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 36% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 36% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin).
Reported Earnings • Jan 15Second quarter 2024 earnings released: JP¥1.07 loss per share (vs JP¥36.78 profit in 2Q 2023)Second quarter 2024 results: JP¥1.07 loss per share (down from JP¥36.78 profit in 2Q 2023). Revenue: JP¥89.4b (down 2.7% from 2Q 2023). Net loss: JP¥42.0m (down 103% from profit in 2Q 2023). Profit margin: 0% (down from 1.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
공고 • Jan 12Pasona Group Inc. Provides Year-End Dividend Guidance for the Fiscal Year 2023Pasona Group Inc. provided year-end dividend guidance for the fiscal year 2023. For the period, the company expects to pay year-end dividend of JPY 35.00 per share compared to JPY 35.00 per share paid a year ago.
공고 • Dec 13Pasona Group Inc. to Report Q2, 2024 Results on Jan 12, 2024Pasona Group Inc. announced that they will report Q2, 2024 results on Jan 12, 2024
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €15.00, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Professional Services industry in Europe. Total returns to shareholders of 11% over the past year.
공고 • Nov 16M3, Inc. (TSE:2413) entered into a share tender agreement to acquire a 55% stake in Benefit One Inc. (TSE:2412) from Pasona Group Inc. (TSE:2168) and others for approximately ¥140 billion.M3, Inc. (TSE:2413) entered into a share tender agreement to acquire a 55% stake in Benefit One Inc. (TSE:2412) from Pasona Group Inc. (TSE:2168) and others for approximately ¥140 billion on November 14, 2023. The offer price is ¥1600 cash per share. The transaction is subject to minimum tender of 81,210,400 shares and maximum of 87,307,300 shares. The offer period will commence on November 15, 2023 and end on December 13, 2023.
New Risk • Nov 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin).
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €11.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 16% over the past year.
Reported Earnings • Oct 15First quarter 2024 earnings released: EPS: JP¥4.77 (vs JP¥33.01 in 1Q 2023)First quarter 2024 results: EPS: JP¥4.77 (down from JP¥33.01 in 1Q 2023). Revenue: JP¥89.9b (down 2.4% from 1Q 2023). Net income: JP¥187.0m (down 86% from 1Q 2023). Profit margin: 0.2% (down from 1.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Professional Services industry in Europe.
공고 • Sep 15Pasona Group Inc. to Report Q1, 2024 Results on Oct 13, 2023Pasona Group Inc. announced that they will report Q1, 2024 results on Oct 13, 2023
공고 • Aug 25Pasona Group Inc. Appoints Yutaka Atomi as Outside Director (Audit and Supervisory Committee Member)Pasona Group Inc. approved to appoint Yutaka Atomi as Outside Director (Audit and Supervisory Committee Member).
New Risk • Jul 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 22% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 22% per year for the foreseeable future. High level of non-cash earnings (47% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.6% net profit margin).
New Risk • Jul 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (47% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.6% net profit margin).
Reported Earnings • Jul 16Full year 2023 earnings released: EPS: JP¥156 (vs JP¥220 in FY 2022)Full year 2023 results: EPS: JP¥156 (down from JP¥220 in FY 2022). Revenue: JP¥372.6b (up 1.8% from FY 2022). Net income: JP¥6.10b (down 29% from FY 2022). Profit margin: 1.6% (down from 2.4% in FY 2022). The decrease in margin was driven by higher expenses.
공고 • Jul 15+ 2 more updatesPasona Group Inc. Announces Dividend for the Year Ended May 31, 2023, Payable on August 10, 2023Pasona Group Inc. announced dividend for the year ended May 31, 2023. For the year, the company announced to pay a dividend of JPY 35.00 per share against JPY 30.00 per share paid a year ago, payable on August 10, 2023.
공고 • Jul 14Pasona Group Inc., Annual General Meeting, Aug 24, 2023Pasona Group Inc., Annual General Meeting, Aug 24, 2023.
공고 • Jun 15Pasona Group Inc. to Report Fiscal Year 2023 Results on Jul 14, 2023Pasona Group Inc. announced that they will report fiscal year 2023 results on Jul 14, 2023
Upcoming Dividend • May 23Upcoming dividend of JP¥35.00 per share at 1.9% yieldEligible shareholders must have bought the stock before 30 May 2023. Payment date: 07 August 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%).
Reported Earnings • Apr 16Third quarter 2023 earnings released: EPS: JP¥30.99 (vs JP¥64.21 in 3Q 2022)Third quarter 2023 results: EPS: JP¥30.99 (down from JP¥64.21 in 3Q 2022). Revenue: JP¥93.3b (up 5.6% from 3Q 2022). Net income: JP¥1.21b (down 52% from 3Q 2022). Profit margin: 1.3% (down from 2.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe.
Reported Earnings • Jan 15Second quarter 2023 earnings released: EPS: JP¥36.78 (vs JP¥59.24 in 2Q 2022)Second quarter 2023 results: EPS: JP¥36.78 (down from JP¥59.24 in 2Q 2022). Revenue: JP¥91.9b (up 1.5% from 2Q 2022). Net income: JP¥1.44b (down 38% from 2Q 2022). Profit margin: 1.6% (down from 2.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe.
공고 • Jan 14+ 1 more updatePasona Group Inc. Provides Dividend Guidance for the Year Ending May 31, 2023Pasona Group Inc. provided dividend guidance for the year ending May 31, 2023. For the year, the company expects dividend of JPY 35.00 per share against JPY 35.00 per share paid for the same period a year ago.
공고 • Dec 14Pasona Group Inc. to Report Q2, 2023 Results on Jan 13, 2023Pasona Group Inc. announced that they will report Q2, 2023 results on Jan 13, 2023
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Outside Director Haruo Funabashi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 16First quarter 2023 earnings released: EPS: JP¥33.01 (vs JP¥63.39 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.01 (down from JP¥63.39 in 1Q 2022). Revenue: JP¥92.1b (flat on 1Q 2022). Net income: JP¥1.29b (down 48% from 1Q 2022). Profit margin: 1.4% (down from 2.7% in 1Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe.
공고 • Oct 15+ 1 more updatePasona Group Inc. Provides Dividend Guidance for the Fiscal Year Ending May 31, 2023Pasona Group Inc. provided dividend guidance of JPY 35 per share for the fiscal year ending May 31, 2023.
공고 • Sep 15Pasona Group Inc. to Report Q1, 2023 Results on Oct 14, 2022Pasona Group Inc. announced that they will report Q1, 2023 results on Oct 14, 2022
Board Change • Aug 08Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Ryohei Miyata was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Jul 20Pasona Group Inc. Announces Notice of Change of DirectorsPasona Group Inc. has resolved the following changes based on the report of the Nominating and Compensation Committee at its Board of Director's meeting held on July 19, 2022. 1. Newly Appointed Candidate for Members of the Board Name: Makiya Nambu. As of the date of the Ordinary General Meeting of Shareholders in August 19, 2022: Managing Executive Officer & Director, General Manager of the International Business Headquarters & Deputy General Manager of the Corporate Planning Headquarters, Pasona Group Inc. Current: General Manager of the International Business Division. Date of Birth: Jul. 31, 1984. Apr. 2008: Joined Mitsubishi Corporation Jun. 2013: Joined Pasona Inc. Sep. 2018: Executive Officer, General Manager of the Global Business Division, Pasona Inc. Dec. 2018: General Manager of the International Business Division, Pasona Group Inc. (to present) Sep. 2021; Managing Executive Officer, General Manager of the Global Business Division, Pasona Inc. (to present). Retiring of Members of the Board: Name: Heizo Takenaka. Current: Chairman & Director, Pasona Group Inc.
공고 • Jul 16+ 3 more updatesPasona Group Inc. Declares Ordinary Dividend for the Year Ended May 31, 2022, Payable on August 5, 2022Pasona Group Inc. declared a ordinary dividend of ¥30.00 per share for the year ended May 31, 2022, the dividend payable on August 5, 2022.
공고 • Jul 15Pasona Group Inc., Annual General Meeting, Aug 19, 2022Pasona Group Inc., Annual General Meeting, Aug 19, 2022.
공고 • May 26+ 2 more updatesPasona Group Inc. to Report Fiscal Year 2022 Results on Jul 15, 2022Pasona Group Inc. announced that they will report fiscal year 2022 results on Jul 15, 2022
Reported Earnings • Apr 15Third quarter 2022 earnings released: EPS: JP¥64.21 (vs JP¥33.32 in 3Q 2021)Third quarter 2022 results: EPS: JP¥64.21 (up from JP¥33.32 in 3Q 2021). Revenue: JP¥88.4b (up 11% from 3Q 2021). Net income: JP¥2.51b (up 93% from 3Q 2021). Profit margin: 2.8% (up from 1.6% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.4%, compared to a 9.5% growth forecast for the industry in Germany.
공고 • Apr 15+ 1 more updatePasona Group Inc. Provides Dividend Guidance for the Fiscal Year 2021Pasona Group Inc. provided dividend guidance for the fiscal year 2021. For the period, the company expects dividend to be JPY 30 per share.
Reported Earnings • Jan 15Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: JP¥59.24 (up from JP¥5.47 in 2Q 2021). Revenue: JP¥90.6b (up 14% from 2Q 2021). Net income: JP¥2.32b (up JP¥2.11b from 2Q 2021). Profit margin: 2.6% (up from 0.3% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.9%, compared to a 9.2% growth forecast for the industry in Germany.
Reported Earnings • Jan 15Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: JP¥59.24 (up from JP¥5.47 in 2Q 2021). Revenue: JP¥90.6b (up 14% from 2Q 2021). Net income: JP¥2.32b (up JP¥2.11b from 2Q 2021). Profit margin: 2.6% (up from 0.3% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.9%, compared to a 9.2% growth forecast for the industry in Germany.
Reported Earnings • Oct 16First quarter 2022 earnings released: EPS JP¥63.39 (vs JP¥104 in 1Q 2021)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥91.9b (up 7.2% from 1Q 2021). Net income: JP¥2.48b (down 39% from 1Q 2021). Profit margin: 2.7% (down from 4.7% in 1Q 2021). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to €23.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the Professional Services industry in Europe.
Reported Earnings • Jul 18Full year 2021 earnings released: EPS JP¥173 (vs JP¥15.19 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥334.5b (up 2.9% from FY 2020). Net income: JP¥6.78b (up JP¥6.19b from FY 2020). Profit margin: 2.0% (up from 0.2% in FY 2020). The increase in margin was driven by higher revenue.
Reported Earnings • Apr 16Third quarter 2021 earnings released: EPS JP¥33.32 (vs JP¥4.50 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥79.8b (up 2.1% from 3Q 2020). Net income: JP¥1.30b (up JP¥1.13b from 3Q 2020). Profit margin: 1.6% (up from 0.2% in 3Q 2020).
공고 • Mar 14Pasona Group Inc. to Report Q3, 2021 Results on Apr 13, 2021Pasona Group Inc. announced that they will report Q3, 2021 results on Apr 13, 2021
Reported Earnings • Jan 15Second quarter 2021 earnings released: EPS JP¥5.47The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥79.2b (down 3.0% from 2Q 2020). Net income: JP¥214.0m (down 38% from 2Q 2020). Profit margin: 0.3% (down from 0.4% in 2Q 2020). The decrease in margin was driven by lower revenue.