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Pasona Group
(2168)
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Rating:46Neutral
Price Target:
¥1,669.00
▼(-17.58% Downside)
Action:Reiterated
Date:07/16/26
The score is held down primarily by weakening financial performance (declining revenue, a return to losses, and persistently negative free cash flow). Technicals are only mildly supportive (neutral momentum but weaker long-term trend), and valuation is constrained by a negative P/E with only a modest dividend yield.
Positive Factors
Manageable Leverage
Low-to-moderate debt relative to equity in 2025–2026 gives the group a buffer against earnings volatility and preserves financing flexibility. This supports continuity of staffing and outsourcing operations while management addresses weak profitability.
Negative Factors
Persistent Revenue Decline
Sustained revenue contraction signals weaker demand, reduced client activity, or lost business across the service portfolio. If this trend persists, it can limit operating leverage, reduce scale benefits, and make a return to consistent profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Low-to-moderate debt relative to equity in 2025–2026 gives the group a buffer against earnings volatility and preserves financing flexibility. This supports continuity of staffing and outsourcing operations while management addresses weak profitability.
Read all positive factors
Pasona Group (2168) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥63.44B
Dividend Yield0.89%
Average Volume (3M)128.44K
Price to Earnings (P/E)―
Beta (1Y)0.64
Revenue Growth-0.24%
EPS Growth59.25%
CountryJP
Employees8,894
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)-90.20
Shares Outstanding40,190,300
10 Day Avg. Volume154,590
30 Day Avg. Volume128,443
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)0.45
Price to Sales (P/S)0.18
P/FCF Ratio-3.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Pasona Group Business Overview & Revenue Model
Company Description
Pasona Group Inc., together with its subsidiaries, engages in the provision of human resources consulting, recruitment, temporary staffing, education, training, and contracting and outsourcing services in Japan. The company offers HR and BPO solut...
How the Company Makes Money
Pasona Group primarily generates revenue by delivering human resources services to corporate and public-sector clients. Key revenue streams typically include: (1) Temporary staffing/worker dispatch: the company supplies personnel to client workpla...
Pasona Group Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | May 2025 | May 2024 | May 2024 | May 2023 | May 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 308.50B | 309.24B | 356.73B | 372.58B | 366.10B |
| Gross Profit | 70.07B | 67.96B | 84.83B | 91.53B | 89.67B |
| EBITDA | 1.79B | -2.40B | 113.01B | 23.01B | 27.71B |
| Net Income | -3.39B | -8.66B | 95.89B | 6.10B | 8.62B |
Balance Sheet | |||||
| Total Assets | 235.48B | 266.78B | 302.52B | 279.09B | 205.95B |
| Cash, Cash Equivalents and Short-Term Investments | 92.78B | 139.27B | 192.28B | 123.07B | 66.95B |
| Total Debt | 38.95B | 32.68B | 42.34B | 58.33B | 53.16B |
| Total Liabilities | 102.55B | 125.64B | 147.85B | 207.46B | 138.80B |
| Stockholders Equity | 126.89B | 134.94B | 148.49B | 54.00B | 49.99B |
Cash Flow | |||||
| Free Cash Flow | -15.17B | -14.00B | -12.75B | -7.66B | -6.20B |
| Operating Cash Flow | 2.90B | 4.33B | 7.40B | 5.96B | 10.12B |
| Investing Cash Flow | -27.01B | -47.60B | 94.81B | -12.50B | -29.62B |
| Financing Cash Flow | -173.00M | -15.05B | -13.44B | -2.29B | 23.54B |
Pasona Group Technical Analysis
Positive
2025.00
Price Trends
1561.72
Positive
1601.79
Positive
1740.08
Negative
Market Momentum
33.21
Negative
69.77
Neutral
88.49
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2168, the sentiment is Positive. The current price of 2025 is above the 20-day moving average (MA) of 1624.10, above the 50-day MA of 1561.72, and above the 200-day MA of 1740.08, indicating a neutral trend. The MACD of 33.21 indicates Negative momentum. The RSI at 69.77 is Neutral, neither overbought nor oversold. The STOCH value of 88.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2168.
Pasona Group Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥164.20B | 17.28 | ― | 2.38% | 12.35% | 28.70% | |
79 Outperform | ¥23.29T | 41.20 | 33.09% | 0.21% | 9.31% | 43.87% | |
76 Outperform | ¥674.64B | 14.74 | 20.65% | 4.42% | 9.70% | 30.96% | |
67 Neutral | ¥138.38B | 16.91 | ― | 7.51% | -12.99% | 45.36% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ¥65.26B | 13.94 | ― | 3.66% | 32.94% | -2.29% | |
46 Neutral | ¥63.44B | -18.88 | -2.64% | 0.77% | -0.24% | 59.25% |
* Industrials Sector Average
JP:2168
Pasona Group
1,703.00
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-15.86%
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Pasona Group Corporate Events
Pasona Group Confirms Board Lineup and Audit Committee Structure
Aug 28, 2026
Pasona Group Inc. has confirmed its director lineup following its August 28, 2026 General Meeting of Shareholders, reappointing key executives including Representative Director, Chairperson and CEO Hirotaka Wakamoto and Representative Director, Pr...
Pasona Board Rejects Buyback Proposal Targeting Founding Family Shares
Jul 22, 2026
Pasona Group Inc. has disclosed that it received a shareholder proposal from Mercury AIFLNP V C.I.C Ltd. ahead of its 19th Ordinary General Meeting scheduled for 28 August 2026, seeking the acquisition of treasury shares from specific founding fam...
Pasona Group Narrows Losses, Keeps Dividend as It Targets Profit Recovery in 2027
Jul 15, 2026
Pasona Group reported flat net sales of ¥308.5 billion for the year ended May 31, 2026, with a slight 0.2% decline from the prior year and a continued operating loss of ¥1.1 billion. Profit attributable to owners of parent improved to a ...
Pasona cuts FY2026 outlook, eyes margin gains and new growth drivers
Jun 25, 2026
Pasona Group has cut its full-year forecast for the fiscal year ending May 2026, now expecting slightly lower net sales and a deeper loss, with operating profit revised from a modest gain to a loss and profit attributable to owners of parent proje...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.