ENVALITH
CRGホールディングス株式会社 logo

CRG HOLDINGS CO.,LTD

7041Growth MarketServices

CRGホールディングス株式会社 logo
CRG HOLDINGS CO.,LTD7041

HR-Related Business

Core group segment operating staffing & recruitment, BPO, disability employment support, interpretation & translation, and accommodation management

PeriodCurrentPreviousChange
Net sales (H1 FY2026, ending March 2026)¥6,466 million¥6,671 million (H1 FY2025, ended March 2025)
Segment profit (H1 FY2026, ending March 2026)¥50 million¥46 million (H1 FY2025, ended March 2025)
Net sales (current fiscal year, full year)¥15,822 million
Segment profit (current fiscal year, full year)¥190 million

Business Details

To solve client companies' human resources challenges, this segment offers a wide range of services including staffing & recruitment, BPO, disability employment support, and interpretation & translation. Centered on staffing services for the logistics and manufacturing sectors, it provides diversified HR solutions ranging from disability employment support services (satellite office business) to accommodation management outsourcing for inbound tourism. It accounted for approximately 77.8% of consolidated net sales in the six months ended March 2026 (H1 FY2026).

Recent Overview

Net sales decreased 3.1% year on year, but segment profit improved 9.6%, reflecting better profitability

In H1 FY2026 (October 2025 to March 2026, ending March 2026), the HR-Related Business posted net sales of ¥6,466 million (down 3.1% year on year) and segment profit of ¥50 million (up 9.6% year on year). Staffing services for the logistics and manufacturing sectors remained solid, while the disability employment support service business promoted stronger new customer acquisition and the opening of new sites. The accommodation management service worked to strengthen operational support for the urban private lodging business through business alliances. In addition, Pallet Co., Ltd. began offering the new "Canvas+" service, expanding the segment's service scope.

Key Products

service
Staffing & Recruitment Services

Staffing services for the logistics and manufacturing sectors remained solid in the current interim period. This core service, which supports the group's revenue base, covers a wide range of industries and occupations, including white-collar areas such as call centers.

service
BPO & Recruitment Support Services

Leveraging the know-how accumulated in the staffing and recruitment business, the segment operates various outsourcing businesses such as recruitment support and BPO, helping client companies improve operational efficiency.

service
Disability Welfare & Employment Support Services (including Canvas+)

Operated by Pallet Co., Ltd. The company is focusing on strengthening new customer acquisition and opening new sites for its satellite office business. Starting in the current interim period, it began offering a new service, "Canvas+" (an integrated counseling and retention support service), aimed at providing early response to employees' mental health issues.

platform
Interpretation & Translation Platform

Operated by Oshiete Inc. The company provides interpretation and translation services leveraging a network of specialized personnel, responding to demand for global human resource utilization.

service
Accommodation Management Business (Inbound-Oriented)

Operated by Oshiete Inc. The company is expanding its contracted operation of accommodation facilities such as private lodging (minpaku), mainly in Tokyo. It provides comprehensive support ranging from multilingual inquiry handling and in-stay support to cleaning and quality management, and is working to strengthen operational support for urban private lodging businesses through business alliances.

Growth Drivers

  • Solid performance of staffing services for the logistics and manufacturing sectors (continued demand driven by structural labor shortages)
  • Strengthened new customer acquisition and site expansion in the satellite office business within disability employment support services
  • Enhanced added value in the disability employment support field through the new "Canvas+" service (combining counseling and retention support)
  • Business expansion of the accommodation management business through business alliances, driven by growing inbound demand
  • Promotion of cross-selling and increased contracting utilizing the group's shared customer database
  • Efforts to improve internal operational efficiency and productivity through the use of generative AI

Risks

  • Continued trend of shrinking demand from major clients and conversion to direct employment in staffing for call centers
  • Impact on staffing rates and utilization due to fluctuations in labor supply and demand associated with the effective job openings-to-applicants ratio (1.18x as of March 2026)
  • Pressure of rising labor costs and recruitment expenses for staffing personnel amid continued price inflation
  • Possibility that downside risks to overseas economies, such as U.S. trade policy, could spill over into domestic staffing demand for manufacturing and logistics
  • Downward pressure on the domestic economy and impact on inbound demand from geopolitical risks such as the situation in the Middle East

Last updated: December 24, 2025