S-Pool,Inc.
2471・Prime Market・Services
Business Solutions
High-value-added outsourcing business centered on disability employment support, environmental management, and government BPO
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (including intersegment) [First Half] | ¥8,309 million | ¥7,618 million | ↑ |
| Revenue (external) [First Half] | ¥8,287 million | ¥7,606 million | ↑ |
| Operating Profit (Segment Profit) [First Half] | ¥1,505 million | ¥1,420 million | ↑ |
| Revenue YoY [First Half] | +9.1% | — | ↑ |
| Operating Profit YoY [First Half] | +6.0% | — | ↑ |
| Revenue (including intersegment) [Full Year, Prior Year Results] | ¥16,554 million | — | ↑ |
| Operating Profit [Full Year, Prior Year Results] | ¥3,585 million | — | ↑ |
Business Details
A segment providing diverse outsourcing and consulting services to companies and municipalities. It comprises multiple services including the core Disability Employment Support Service (farm-based), Environmental Management Support Service (GHG calculation and carbon offset), Wide-Area Government BPO Service, Logistics Outsourcing Service, Sales Support Service, and Recruitment Support Service. As a core segment accounting for approximately 66% of consolidated revenue, it achieved a 9.1% year-on-year increase in revenue and a 6.0% increase in profit in the first half of FY2026 (ending November 2026).
Recent Overview
Driven by disability employment support and wide-area government BPO, first-half revenue and profit both increased, while environmental and recruitment support services struggled
In the first half of FY2026 (ending November 2026) (December 2025 to May 2026), Business Solutions posted revenue of ¥8,309 million (up 9.1% year on year) and operating profit of ¥1,505 million (up 6.0% year on year). The Disability Employment Support Service saw substantial revenue growth due to increased demand ahead of the July 2027 statutory employment rate increase, combined with a concentration of equipment sales and accelerated deliveries in the second quarter. Wide-Area Government BPO Service saw substantial growth in both revenue and profit due to expanded orders for spot operations related to measures against rising prices. On the other hand, Environmental Management Support Service saw a significant decline in both revenue and profit due to the absence of large-scale carbon credit sales and consulting deliveries being weighted toward the second half. Recruitment Support Service saw profit squeezed by increased costs due to operational disruption in the health checkup administration outsourcing business.
Key Products
Growth Drivers
- Strong demand and growing order backlog for the Disability Employment Support Service in anticipation of the July 2027 statutory employment rate increase
- Increased equipment sales due to a concentration of companies beginning farm usage timed with the new fiscal year, and accelerated deliveries due to progress in hiring persons with disabilities at new farms
- Growth in corporate environmental consulting and carbon credit sales, and expanded second-half demand driven by mandatory sustainability disclosure requirements
- Expanded orders for spot operations related to national policy and measures against rising prices in Wide-Area Government BPO
- Improvement in the profit structure of the logistics business
Risks
- Risk of quarterly earnings volatility in the Environmental Management Support Service due to the uneven timing of large-scale carbon credit sales (none in the first half)
- Risk of first-half earnings being weighed down by consulting service deliveries being concentrated in the second half
- Risk of rising costs due to operational disruption and increased irregular responses in the Recruitment Support Service (health checkup administration outsourcing)
- Increased financial burden (expansion of lease liabilities) from increases in property, plant and equipment and right-of-use assets associated with farm construction investment for the Disability Employment Support Service
- Risk of sluggish revenue and profit growth in Wide-Area Government BPO Service due to deferred projects and limited order expansion
Last updated: February 25, 2026