nms Holdings Corporation
2162・Standard Market・Services
HS Business (Human Solution Business: staffing business)
The founding business of the nms Group, engaged in staffing services for domestic and overseas manufacturing sites
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (full year) | ¥25,285 million | ¥23,172 million | ↑ |
| Segment profit (full year) | ¥960 million | ¥734 million | ↑ |
| Segment assets | ¥4,030 million | ¥3,579 million | ↑ |
| Depreciation and amortization | ¥91 million | ¥91 million | — |
| Segment revenue YoY change | +9.1% | — | ↑ |
| Segment profit YoY change | +30.8% | — | ↑ |
Business Details
Operates manufacturing staffing, manufacturing outsourcing, and repair customer service businesses in Japan, China, and ASEAN countries. Provides diverse services including advanced engineer talent development, support for retention of foreign workers, and logistics services, and also offers combined proposals for production efficiency improvement leveraging labor-saving know-how from the group's EMS business. Since the transition to a holding company structure in 2017, Nippon Manufacturing Service Co., Ltd. has been responsible for the business. In FY2026 (ending March 2026), revenue was ¥25,285 million and segment profit was ¥960 million.
Recent Overview
Both revenue and profit increased significantly domestically and overseas, achieving the highest profit growth rate among the three segments
In FY2026 (ending March 2026), the HS Business achieved revenue of ¥25,285 million (up 9.1% year on year) and segment profit of ¥960 million (up 30.8% year on year), the only one of the three segments to achieve both revenue and profit growth. Domestically, expansion of registered staff numbers for manufacturing staffing and expanded staffing of engineers and construction management personnel contributed. Overseas, expanded transactions with new and existing clients in Thailand, China, and Vietnam were successful. Profitability improved markedly due to fixed cost absorption from revenue growth and expansion of high-value-added talent.
Key Products
Growth Drivers
- Improved recruitment capability and talent development through strengthened collaboration with World Holdings Co., Ltd.
- Increased proportion of high-value-added talent through expansion of the engineering field (production and construction management)
- Expanded provision of high-value-added manufacturing services through comprehensive outsourcing proposals
- Expansion of new and existing client transactions in overseas operations in Thailand, China, and Vietnam
- Expanding demand for staffing business against the backdrop of the trend toward fabless manufacturing and increased outsourcing ratios
- Sales and profit growth through promotion of diverse talent participation (foreign workers, senior experts, etc.)
Risks
- Risk of profit margin pressure from continued difficulty securing domestic talent and rising recruitment costs
- Risk of demand fluctuation from production cuts by semiconductor and automotive-related clients
- Risk of profit margin decline due to startup costs for new overseas business partners (e.g., Thailand)
- Risk of business expansion constraints due to chronic labor shortages and recruitment difficulty
- Foreign exchange risk (profit/loss impact from revaluation of intra-group loans to overseas subsidiaries)
- Impact of trade policy uncertainty, including U.S. tariff measures, on manufacturing clients' production plans
Last updated: June 26, 2026