3900.T
3900.T operates in the Employment Services industry, providing staffing and workforce solutions to clients, primarily generating revenue through temporary labor placements and permanent recruitment services.
Business. 3900.T operates in the Employment Services industry, providing staffing and workforce solutions to clients, primarily generating revenue through temporary labor placements and permanent recruitment services.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
3900.T operates in the Employment Services industry, providing staffing and workforce solutions to clients, primarily generating revenue through temporary labor placements and permanent recruitment services.
The company maintains a strong liquidity position, with cash and equivalents amounting to ¥8.09 billion, significantly exceeding its total liabilities of ¥9.10 billion. The current ratio of 2.05 indicates a solid ability to meet short-term obligations. However, the price-to-book ratio of 1.5 and the price-to-tangible-book ratio of 1.5 suggest that the market values the company at a moderate premium to its book value.
Profitability metrics are mixed. The company reported a net loss of ¥257 million, translating to a negative return on equity of -3.9% and a negative return on assets of -1.64%. These figures fall below the typical expectations for the Employment Services industry, which generally sees positive returns on equity and assets. The operating income of ¥439 million reflects some operational efficiency, but the net loss indicates significant non-operating expenses or one-time charges.
Geographically and segment-wise, the company's exposure is not explicitly detailed in the available data. However, the revenue concentration is not specified, and no major segments are disclosed. This lack of detail limits the ability to assess the company's diversification and potential vulnerabilities to regional or sector-specific downturns.
The company's growth trajectory appears to be under pressure. Analysts estimate a mean revenue of ¥20 billion for the current fiscal year, which is lower than the actual revenue of ¥22.66 billion in the previous period. This suggests a potential decline in revenue. Additionally, the mean EPS estimate of -31.60 JPY is worse than the last actual EPS of -16.28 JPY, indicating deteriorating profitability.
Risk factors include a low liquidity risk and a low dilution risk, as no immediate filing-based liquidity or dilution flags were detected. The debt-to-equity ratio of 0.59 suggests a conservative capital structure, with long-term debt of ¥3.91 billion compared to total equity of ¥6.59 billion. However, the net loss and negative returns on equity and assets highlight operational and financial challenges that could affect long-term stability.
Recent events and filings do not indicate any significant changes in the company's operations or financial strategy. The absence of notable events or transcripts suggests a relatively stable but underperforming business environment for the company.
- 3900.T has strong liquidity with ¥8.09 billion in cash and equivalents, but it is reporting a net loss and negative returns on equity and assets.
- The company's price-to-book and price-to-tangible-book ratios are moderate, indicating a market valuation in line with its book value.
- Analysts expect a decline in revenue and a worsening EPS, suggesting a challenging near-term outlook.
- The company's capital structure is conservative, with a debt-to-equity ratio of 0.59, but its operational performance is a concern.
- There are no immediate liquidity or dilution risks, but the financial performance metrics indicate underlying operational issues.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -31,60 |
| Revenue | —no estimate | —no estimate | 20,0B JPY |
| Operating income | —no estimate | —no estimate | —no estimate |
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
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- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- 3900.T Market data — financials · 2026-05-26
- CrowdWorks Inc Market data — analyst estimates · 2026-05-26