JAC Recruitment Co Ltd

JAC Recruitment Co Ltd maintains a strong liquidity position, with cash and equivalents amounting to ¥15.93 billion, representing 67% of total assets. The company has no long-term debt and a debt-to-equity ratio of 0.0, indicating a conservative capital structure. The current ratio of 2.95 suggests the company is well-positioned to meet short-term obligations.

Profitability metrics show a return on equity (ROE) of 8.12% and a return on assets (ROA) of 5.78%, both of which are in line with the industry's preferred metrics for employment services. The operating margin of 21.7% (¥2.07 billion operating income on ¥9.55 billion revenue) is robust, though the gross margin of 92.5% is typical for a service-based business with low cost of goods sold.

The company's revenue is concentrated in a single business segment, as disclosed in its financial reporting, with no geographic diversification provided in the available data. This lack of segment or geographic breakdown limits visibility into potential concentration risks.

Looking ahead, the company is expected to maintain stable revenue growth, with no significant changes in capital expenditures or operating cash flow. The operating cash flow of ¥3.18 billion and capital expenditure of -¥290 million (net outflow) suggest minimal reinvestment needs, which could support consistent cash generation.

Risk factors are limited, with no immediate liquidity or dilution concerns identified. The company has no long-term debt, and both basic and diluted shares outstanding are identical, indicating no near-term dilution pressure. The risk assessment flags no filing-based red flags, and the liquidity risk is rated as low.

Recent events include analyst price targets ranging from ¥1,200 to ¥1,300, with a mean and median of ¥1,250. Analysts have issued one strong-buy and one buy recommendation, with no hold or sell ratings. This suggests a generally positive outlook from the investment community.

Revenue ¥13.54B, +14,8% YoY; Operating income +28,7% YoY.

• ▍Revenue ¥13.54B, +14,8% YoY
• ▍Operating income +28,7% YoY
• ▍Net income +28,5% YoY
• ▍Net margin 22.2%

Revenue ¥10.70B, +10,8% YoY; Operating income +52,4% YoY.

• ▍Revenue ¥10.70B, +10,8% YoY
• ▍Operating income +52,4% YoY
• ▍Net income +83,9% YoY
• ▍Net margin 12.9%

Revenue ¥12.14B, +16,7% YoY; Operating income +20,5% YoY.

• ▍Revenue ¥12.14B, +16,7% YoY
• ▍Operating income +20,5% YoY
• ▍Net income +38,2% YoY
• ▍Net margin 22.6%

Revenue ¥11.45B, +19,9% YoY; Operating income +36,6% YoY.

• ▍Revenue ¥11.45B, +19,9% YoY
• ▍Operating income +36,6% YoY
• ▍Net income +41,0% YoY
• ▍Net margin 16.9%

Revenue ¥11.79B; Operating income ¥3.41B.

• ▍Revenue ¥11.79B
• ▍Operating income ¥3.41B
• ▍Net margin 19.8%

Revenue ¥9.65B; Operating income ¥1.16B.

• ▍Revenue ¥9.65B
• ▍Operating income ¥1.16B
• ▍Net margin 7.8%

Revenue ¥10.40B; Operating income ¥2.88B.

• ▍Revenue ¥10.40B
• ▍Operating income ¥2.88B
• ▍Net margin 19.1%

Revenue ¥9.55B; Operating income ¥2.07B.

• ▍Revenue ¥9.55B
• ▍Operating income ¥2.07B
• ▍Net margin 14.4%

Revenue ¥46.09B, +17,7% YoY; Operating income +38,0% YoY.

• ▍Revenue ¥46.09B, +17,7% YoY
• ▍Operating income +38,0% YoY
• ▍Net income +49,7% YoY
• ▍Free cash flow +98,3% YoY
• ▍Net margin 18.2%

Revenue ¥39.16B, +13,6% YoY; Operating income +1,4% YoY.

• ▍Revenue ¥39.16B, +13,6% YoY
• ▍Operating income +1,4% YoY
• ▍Net income −6,1% YoY
• ▍Free cash flow −24,6% YoY
• ▍Net margin 14.3%

Revenue ¥34.48B, +13,3% YoY; Operating income +17,1% YoY.

• ▍Revenue ¥34.48B, +13,3% YoY
• ▍Operating income +17,1% YoY
• ▍Net income +18,9% YoY
• ▍Free cash flow +53,4% YoY
• ▍Net margin 17.3%

Revenue ¥30.43B, +22,5% YoY; Operating income +21,0% YoY.

• ▍Revenue ¥30.43B, +22,5% YoY
• ▍Operating income +21,0% YoY
• ▍Net income +29,6% YoY
• ▍Free cash flow +143,2% YoY
• ▍Net margin 16.5%