UT Group Co.,Ltd.
2146・Prime Market・Services
Business
UT Group was founded in 1995 and is a pure holding company group centered on temporary staffing and outsourced operations for the manufacturing industry. From FY2026 (ending March 2026), the company reorganized its business segments into four pillars: the Motor & Energy segment (for the automotive manufacturing industry), the Semiconductor segment (for the semiconductor manufacturing industry), the Agent segment (region-focused services for mid-sized and small-to-medium enterprises in local areas), and the Next Career segment (supporting structural reform at major manufacturers). The company has 32,922 domestic technical staff (as of the end of FY2026) and was an industry pioneer in introducing the indefinite-term dispatch employment model. It is listed on the Prime Market of the Tokyo Stock Exchange.
Business Model
The company hires technical staff as permanent employees under indefinite-term contracts and dispatches or supplies them to client manufacturing plants on a temporary staffing or contracted work basis, earning revenue from staffing fees and contract fees. Fluctuations in client production volumes are managed through reassignment of employees between worksites, achieving both employment stability and flexibility for clients. In FY2026 (ending March 2026), the gross profit margin was 19.2% (gross profit of ¥31,987 million), a structure in which recruitment cost management and unit price negotiations determine profitability.
Company Strengths
Through an industry-pioneering indefinite-term employment dispatch model, the company has secured a high market share among large enterprises, primarily major automobile and semiconductor manufacturers. In FY2026 (ending March 2026), the Motor & Energy business posted sales of ¥52,045 million and the Semiconductor business posted sales of ¥37,630 million, maintaining stable business relationships with major manufacturers.
From FY2026 (ending March 2026), the company reorganized into four segments—Automotive, Semiconductor, Regional SME, and Structural Reform Response—to build a specialized service delivery structure tailored to client needs. In the Agent business, segment profit increased 104.9% year on year to ¥1,989 million, reflecting the effects of organizational integration and efficiency measures in the figures.
In FY2026 (ending March 2026), improvements in recruitment methods and unit price negotiations bore fruit, with sales declining 14.3% year on year to ¥166,855 million while operating profit rose 31.5% year on year to ¥10,613 million. Selling, general and administrative expenses were also curbed, falling 10.5% year on year to ¥21,374 million, achieving simultaneous improvement in gross margin and cost reduction.
ENVALITH's Perspective
Performance Trend
Revenue decreased 14.3% year on year, from ¥194,748 million in FY2025 (ended March 2025) to ¥166,855 million in FY2026 (ending March 2026). The primary cause was the impact of the divestiture of the Vietnam business (March 2025); excluding this effect, revenue was roughly in line with the previous period. Operating profit reached ¥10,613 million, the highest level in five periods (operating margin of 6.4%), driven by success in reducing recruitment costs and unit price negotiations. On the other hand, profit attributable to owners of parent declined 20.6% year on year to ¥7,117 million, mainly due to the absence of the ¥6,227 million gain on sale of shares of affiliated companies recorded in the previous period. As an external factor, U.S. tariff policy has been suppressing personnel demand in the automotive industry, and the Motor & Energy business continued to face sluggish demand conditions. For FY2027 (ending March 2027), the company forecasts revenue of ¥170,000 million, operating profit of ¥10,000 million, and net profit of ¥6,100 million (all representing a decrease from the previous period).
Growth Strategy
Under the 5th Medium-Term Management Plan, the company is building a foundation for sustainable growth through human capital investment, reorganization into 4 businesses, and expansion of the placement business.
Introduced a system from FY2026 (ending March 2026) to grant company shares to technical staff employees based on accumulated working hours worked intermittently. As of the end of FY2026 (ending March 2026), 26,451,100 shares were held in trust. The company aims to stabilize its supply structure and reduce recruitment costs by improving retention and re-employment rates. Share buybacks equivalent to 30% of quarterly net income are also being conducted in parallel from FY2026 (ending March 2026) through FY2028 (ending March 2028).
Completed the reorganization from the previous 5 segments into 4 segments: Motor & Energy, Semiconductor, Agent, and Next Career. Each segment provides services specialized to industry-specific personnel needs. In FY2026 (ending March 2026), the Motor & Energy business achieved a 12.2% increase in revenue and a 34.0% increase in profit, while the Semiconductor business achieved a 3.1% increase in revenue and a 28.2% increase in profit.
Newly launched a paid employment placement service, expanding beyond in-house employment job referrals to include referrals for direct client employment and dispatch job postings at competitor companies. The number of job postings increased significantly, and segment profit for the Agent business improved substantially to ¥1,989 million (up 104.9% year on year). The company is strengthening new job acquisition from major client companies and advancing progress management through job data visualization.
Expanded dispatch of foreign workers, including Nikkei Brazilians, in regions and industries with high recruitment difficulty. In the Motor & Energy business, approximately 1,000 technical staff employees were transferred from the Agent business, and a system was established to accommodate diverse employment forms and work needs, including the utilization of foreign workers. This is positioned as a medium- to long-term initiative to secure supply capacity in regions with declining populations.
FUJITSU UT Co., Ltd. and UT Efuss Créer Co., Ltd. merged in October 2025, and UT MESC Co., Ltd. and UT Hites Co., Ltd. merged in April 2026. Efforts to secure new large-scale orders related to power facilities were also strengthened. Segment profit for FY2026 (ending March 2026) declined 12.0% year on year to ¥554 million, but the number of technical staff employees increased by 262 (from 2,523 to 2,785), expanding the supply structure.
Last updated: July 19, 2026