Pasona Group (2168) Q1 2026 earnings summary

Executive summary

• Net sales rose 0.8% year-over-year to ¥76.97 billion for the three months ended August 31, 2025, driven by growth in Expert Solutions, Life Solutions, and Regional Revitalization and Tourism Solutions.

• Operating loss was ¥568 million, with the deficit narrowing compared to the prior year, though some sources note it widened due to higher personnel and IT-related expenses.

• Ordinary loss improved to ¥64 million from ¥479 million, aided by non-operating income from Expo 2025-related sponsorship and product sales.

• Loss attributable to owners of parent was ¥606 million, improved from the prior year, but impacted by extraordinary losses from Expo exhibit expenses.

Financial highlights

• Net sales: ¥76.97 billion (+0.8% YoY).

• Operating profit: ¥-568 million (deficit narrowed by ¥132 million YoY).

• Ordinary profit: ¥-64 million (improved by ¥415 million YoY).

• Gross profit: ¥17.65 billion (+5.0% YoY); gross profit ratio improved to 22.2% (+0.7pt YoY).

• SG&A expenses increased by ¥843 million (+5.0% YoY), mainly due to higher personnel and IT-related costs.

• Comprehensive loss attributable to owners of parent was ¥661 million, an improvement from ¥1,140 million YoY.

• Basic earnings per share improved to ¥(15.92) from ¥(30.47) YoY.

Outlook and guidance

• FY2025 consolidated net sales forecast: ¥330.0 billion (+6.7% YoY).

• Operating profit forecast: ¥2.5 billion (vs. ¥-1.24 billion in FY2024).

• Profit attributable to owners of parent forecast: ¥500 million (vs. ¥-8.66 billion in FY2024).

• Basic EPS forecast: ¥12.81.

• Segment strategies include expanding high value-added services, leveraging technology, and increasing inbound and group customer sales in tourism.

• No changes to previously announced earnings forecast.