Persol HD's third-quarter sales increased by 8.9%, despite challenges in the technology sector

LootboxPhobia · 2026-02-14T05:23:25+00:00

Persol HD's third-quarter sales reached ¥40.15 billion, an 8.9% year-over-year increase, exceeding expectations; operating profit was ¥1.74 billion, a 6.6% increase year-over-year but below expectations. The technology division faced challenges, with reduced orders from major clients leading to lower utilization rates. Jefferies believes that structural reforms are needed to reevaluate the stock price.

LootboxPhobia

2026-02-14 05:23:25

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Investing.com – Persol HD reported third-quarter sales of ¥40.15 billion, up 8.9% year-over-year, surpassing Jefferies’ estimate of ¥38.294 billion and the market consensus of ¥39.205 billion.

Operating profit for the March quarter of fiscal year 2026 reached ¥1.74 billion, up 6.6% year-over-year, but below Jefferies’ forecast of ¥1.83 billion and the market consensus of ¥1.84 billion.

The company’s adjusted EBITDA was ¥2.37 billion, up 7.6% year-over-year. This figure is roughly in line with Jefferies’ prediction of ¥2.38 billion but did not meet the market consensus estimate of ¥2.59 billion.

Persol HD’s technology division continues to face profitability challenges, with fewer profitable projects this quarter. A new negative factor is a decrease in orders from a major client, leading to utilization dropping from 91.0% in the same period last year to 89.0%.

According to Jefferies: “We believe that structural reforms are necessary to re-rate the stock.”

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