FULLCAST HOLDINGS CO., LTD.

Business Details

A segment that provides short-term staffing services in a timely manner in line with fluctuations in client companies' workloads. The business is centered on four services: Placement Service (part-time job placement, real-estate industry-specialized staffing placement, job-search app), BPO (payroll management outsourcing, My Number management outsourcing, year-end tax adjustment administration outsourcing, etc.), staffing dispatch, and contracting. Fullcast Co., Ltd. is the core company, joined by Beat Co., Ltd. (contracting and worker dispatch) and Entry Co., Ltd. (short-term staffing dispatch), among others. As of 1Q FY2026, this is the Group's core business, accounting for approximately 75% of consolidated revenue.

Recent Overview

Revenue increased significantly, up 52.7% year on year, driven by the incorporation of two newly consolidated subsidiaries.

With the consolidation of Entry Co., Ltd. (short-term staffing dispatch business) as of January 30, 2026, and the incorporation of its results together with those of the existing Beat Co., Ltd. (contracting and worker dispatch), revenue reached ¥18,520 million, up 52.7% year on year. Existing services, centered on "dispatch" and "contracting," also grew. Segment profit rose to ¥1,936 million (up 3.1% year on year), increasing along with revenue. Note that Entry Co., Ltd. is currently subject to provisional accounting treatment as the purchase price allocation has not yet been finalized. Progress against the full-year earnings forecast remains steady and within the range assumed at the start of the period, and no revision to the earnings forecast has been made.

Key Products

Growth Drivers

• Expansion of revenue scale through the new consolidation of Entry Co., Ltd. (short-term staffing dispatch) and Beat Co., Ltd. (contracting and worker dispatch)
• Organic growth through capturing customer demand in existing services centered on "dispatch" and "contracting"
• Expansion of the short-term staffing services market amid a growing sense of labor shortage due to the declining working-age population
• Continued expansion of the business portfolio through M&A (Tsukurikkusu, Beat, Fiah, Entry, etc.)
• Enhanced advertising and brand recognition and increased service value-add leveraging Group synergies

Risks

• Intensifying competition from full-scale entry of companies from other industries into the spot-work domain
• Impairment risk associated with the expanding goodwill balance (¥8,964 million, of which the portion related to Entry Co., Ltd. reflects a provisional purchase price allocation)
• Pressure on profit margins from rising integration costs of newly consolidated subsidiaries (segment profit growth of only 3.1% against revenue growth of 52.7%)
• Rising cost of securing personnel due to the declining working-age population
• Reduced comparability of results due to the change in segment classification in FY2026 (ending December 2026) (from four segments to five segments)