Visional, Inc.
4194・Prime Market・Information & Communication
HR Tech
HR Tech platform business serving as the core of Group revenue
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (cumulative Q3 FY2026, ending March 2026) | ¥69,190 million | ¥56,801 million (cumulative Q3 FY2025, ending March 2025) | ↑ |
| Segment operating profit (cumulative Q3 FY2026, ending March 2026) | ¥22,359 million | ¥19,804 million (cumulative Q3 FY2025, ending March 2025) | ↑ |
| BizReach business revenue (cumulative Q3 FY2026, ending March 2026) | ¥59,714 million | ¥51,038 million (derived from 17.0% year-on-year increase) | ↑ |
| BizReach business operating profit before allocation of administrative expenses (cumulative Q3 FY2026, ending March 2026) | ¥25,479 million | Up 14.1% year on year | ↑ |
| HRMOS business revenue (cumulative Q3 FY2026, ending March 2026) | ¥6,653 million | Up 77.7% year on year | ↑ |
| HRMOS Series ARR (as of end of April 2026) | ¥9,486 million | Up 171.9% year on year (end of period) | ↑ |
| Number of companies using the HRMOS Series (as of end of April 2026) | 10,262 companies | Up 348.3% year on year (end of period) | ↑ |
| HRMOS Series ARPU (as of end of April 2026) | ¥77,039 | Down 39.3% year on year (end of period) | ↓ |
| HRMOS Series churn rate (trailing 12-month average) | 0.48% | — | — |
| Cumulative number of companies that have adopted BizReach (as of end of April 2026) | Over 43,900 companies | Over 38,100 companies (end of July 2025) | ↑ |
| Number of BizReach members available for scouting (as of end of April 2026) | Over 3.42 million people | Over 3.07 million people (end of July 2025) | ↑ |
| Number of headhunters using BizReach (as of end of April 2026) | Over 9,400 people | Over 9,000 people (end of July 2025) | ↑ |
Business Details
The HR Tech segment consists of the BizReach business, the HRMOS business, and other HR Tech businesses. Its core offering is BizReach, a career-change platform connecting professional talent with companies and headhunters, alongside the HRMOS Series—a group of SaaS products providing end-to-end support from recruitment to talent utilization and labor management. In October 2025, the company made Thinkings Corporation a subsidiary, strengthening its recruitment management cloud domain. Backed by strong hiring appetite among domestic companies, the segment has maintained stable, high growth and serves as the primary profit driver for the Group as a whole.
Recent Overview
Revenue up 21.8% led by BizReach; HRMOS business surged 77.7%
In the cumulative first three quarters of FY2026 (ending March 2026) (August 2025 to April 2026), the HR Tech segment achieved revenue of ¥69,190 million (up 21.8% year on year) and segment profit of ¥22,359 million (up 12.9% year on year), driven by continued strong demand for talent in the BizReach business and aggressive advertising activities. The HRMOS business expanded rapidly, with revenue of ¥6,653 million (up 77.7% year on year), partly due to the effect of making Thinkings Corporation a subsidiary (effective October 1, 2025), and the operating loss before allocation of administrative expenses improved significantly to ¥40 million (compared with a loss of ¥197 million in the same period of the prior year). The company continued to expand its product lineup, releasing a document screening assist feature for HRMOS Recruiting (January 2026), an electronic contract feature for HRMOS Labor and Payroll (February 2026), and HRMOS Learning for Bizreach for Internal Recruiters by HRMOS (March 2026).
Key Products
Growth Drivers
- Continued strong hiring appetite among domestic companies and robust demand for professional talent
- Expansion of the cumulative number of companies adopting BizReach and the number of members available for scouting through aggressive sales and advertising activities
- Rapid expansion of the HRMOS business through the acquisition of Thinkings Corporation (ARR up 171.9% year on year; number of companies using the service up 348.3% year on year)
- Enhancement of HRMOS Series functionality (AI-powered document screening assistance, electronic contract features, HRMOS Learning, etc.) and accumulation of the customer base
- Increasing penetration of the direct recruiting market (room for growth in the company's share of the domestic full-time career-change market)
- Strengthening of the position in the recruitment management cloud domain through functional integration and cross-selling between BizReach and sonar ATS
Risks
- High degree of revenue dependence on the BizReach business (which generates the majority of segment profit)
- Risk of a decline in job openings due to an economic downturn or reduced hiring appetite among companies
- Risk of impairment of goodwill (¥11,418 million, provisional amount) arising from the acquisition of Thinkings
- Risk of delayed monetization due to continued product investment in the HRMOS business (operating loss before allocation of administrative expenses continues)
- Impact on profitability from the decline in HRMOS Series ARPU (down 39.3% year on year)
- Risk of information leakage and security incidents associated with holding large volumes of personal and customer information
Last updated: October 22, 2025