Mirai Works Inc.

Business Details

The company operates by entering into business outsourcing or worker dispatch contracts with client companies, and then subcontracting or dispatching (via fixed-term employment) registered professional human resources to fulfill them. Amid expanding demand for external professional human resources driven by the acceleration of DX promotion and the societal implementation of generative AI, the company also operates ancillary businesses including a regional revitalization business (side-job and job-change matching) and a solutions business (reskilling, open innovation support, etc.), with a registered talent database of over 96,000 people and a diverse client network serving as the growth source of its ecosystem.

Recent Overview

H1 results showed higher revenue and profit; full-year forecast unchanged

In H1 of FY2026 (ending September 2026) (October 2025 to March 2026), the company posted net sales of ¥5,846 million (up 2.2% year on year), operating profit of ¥253 million (up 2.0% year on year), and interim net profit attributable to owners of parent of ¥175 million (up 13.6% year on year), representing higher revenue and profit. The rate of increase in net profit substantially exceeded that of net sales and operating profit, primarily due to the recording of a positive income tax adjustment (a shift from an expense of ¥5,022 thousand in the prior period to income of ¥25,586 thousand in the current period). The number of registered professional human resources steadily increased, surpassing 96,000. Operating cash flow improved significantly to ¥123,828 million from a deficit of ¥133,602 thousand in the prior H1 period. The full-year earnings forecast (net sales of ¥13,000 million and operating profit of ¥600 million) remains unchanged. In addition, in February 2026, the company disposed of 78,900 treasury shares as performance-linked stock compensation.

Key Products

Growth Drivers

• Structural labor shortages intensifying due to a declining working-age population, together with expanding demand—both in quality and quantity—for external professional human resources driven by the acceleration of DX promotion and societal implementation of generative AI
• Steady growth in the number of registered professional human resources (over 96,000), improving project matching capability
• Expansion of a stable revenue base through deeper business relationships and cross-selling with major corporations (net sales of ¥3,000 million or more)
• Improved per-person productivity and sales process efficiency through the use of AI and DX (the "four sacred tools": Mira PDCA, Mira Pedia, Mira Force, and Mira Campus)
• Improved gross margin and diversification of the business portfolio through expansion of the regional revitalization business (partnerships with 126 financial institutions nationwide and 4 ministries, 31 prefectures, and 104 municipalities) and the solutions business

Risks

• Growth constraints due to a shortage of direct sales personnel (60.3 direct sales personnel in the current H1 period)
• Risk of leakage of confidential information, including data on over 96,000 registered personnel and client information (although the company has obtained Privacy Mark certification, continued strengthening of information management is required)
• Risk of client companies curbing investment due to price increases, interest rate trends, exchange rate fluctuations, or worsening international conditions
• Risk of regulatory changes concerning the use of freelance and side-job workers (e.g., the new Freelance Protection Act)
• Risk of impairment of goodwill balance (¥121 million) (an impairment loss of ¥93 million was recorded in the prior fiscal year)