Pasona Group Inc.TSE: 2168

Results for the Fiscal Year Ended May 31, 2025 (July 17, 2025)

· Issued by Pasona Group Inc.


Results for the Fiscal Year Ending May 31,

2025

FY2024

(June 1, 2024 - May 31, 2025)



00

Pasona Group Inc.

Prime Market TSE (2168)

July 17, 2025

https://www.pasonagroup.co.jp/English



Pasona Heartful Artist Collaborative Work "Ammonite 3"





FY2024 Results

1

※ Units in billions of yen have been rounded to the nearest first decimal place. Units in millions of yen have been rounded down.



Consolidated Results
  • Outsourcing segment abolished at the beginning of the fiscal year (*), large-scale BPO solution contracts peak out.
  • Excluding outsourcing, gross profit increased due to an improvement in gross profit margin.

    （Millions of yen）

    FY23

    (%)

    FY24

    (%)

    Increase

    /Decrease

    FY23

    （Excluding Outsourcing）

    (%)

    Increase

    /Decrease

    Net sales

    356,733

    309,240

    (47,492)

    318,301

    (9,061)

    100.0

    100.0

    (13.3)%

    100.0

    (2.8)%

    Cost of sales

    271,907

    241,281

    (30,626)

    252,102

    (10,820)

    76.2

    78.0

    (11.3)%

    79.2

    (4.3)%

    Gross profit

    84,825

    67,958

    (16,866)

    66,199

    +1,759

    23.8

    22.0

    (19.9)%

    20.8

    +2.7%

    SG＆A

    78,030

    69,196

    (8,833)

    67,020

    +2,176

    expenses

    21.9

    22.4

    (11.3)%

    21.1

    +3.2%

    Operating profit

    6,794

    (1,237)

    (8,032)

    (821)

    (416)

    1.9

    (0.4)

    ー

    (0.3)

    ー

    Ordinary profit

    7,152

    (460)

    (7,612)

    2.0

    (0.1)

    ー

    Net profit attributable to owners of parent or net loss attributable to owners of the parent

    95,891

    26.9

    (8,658)

    (2.8)

    (104,549)

    ー

    Gross profit ratio

    23.8%

    22.0%

    (1.8)pt

    20.8%

    +1.2pt

    Operating profit ratio

    1.9%

    (0.4)%

    (2.3)pt

    (0.3)%

    (0.1)pt

  • Due to the recording of expenses related to the exhibition at the Osaka-Kansai Expo as extraordinary losses, net profit attributable to parent company shareholders was a loss of ¥8.6 billion.

    Net Sales

    Operating Profit

    ※Since the Outsourcing segment was excluded from the first quarter of the current consolidated fiscal year due to

    the sale of shares of Benefit One Inc., which was a consolidated subsidiary at the end of the previous

    356.7

    FY23

    FY23

    FY24

    (Billions of yen)

    318.3309.2

    6.79

    （ reference ）

    （ reference ）

    (0.82) (1.24)

    2

    FY23 FY23 FY24

    consolidated fiscal year, the total excluding Outsourcing is shown as reference information.

    （Excluding Outsourcing）

    （Excluding Outsourcing）



    Operating Profit

  • Gross profit margin declined from the previous fiscal year (due to the discontinuation of the Outsourcing segment).

  • Gross profit excluding outsourcing was +¥1.76 billion, and gross profit margin improved (+1.2 points).

  • Selling, general, and administrative expenses decreased. Excluding Outsourcing, they increased. The main reasons were investment in human resources in growth areas and increases in personnel expenses.

    Operating Profit

    Gross profit [67.96]

    (16.87)

    Personnel expenses

    IT related expenses

    Advertisement expenses

    Others

    (2.89)

    (1.73)

    (0.70)

    (3.51)

    【+1.36】

    【+0.37】

    【+0.21】

    【+0.24】

    Impact from the Outsourcing segment (18.63)

    SG＆A Expenses [69.20]

    (8.83)

    Impact from the Outsourcing segment (11.01)

    (Billions of yen)

    (5.57)

    *Impact of excluding the Outsourcing segment in 【】

    (1.24)

    FY23

    FY24

    6.79

    Decrease in net sales (11.29)

    Decrease in gross profit ratio

    FY16

    FY17

    FY18

    FY19

    FY20

    FY21

    FY22

    FY23

    FY23

    （Excluding

    Outsourcing）

    FY24

    Gross Profit ratio

    20.2%

    21.5%

    22.8%

    23.6%

    24.8%

    24.5%

    24.6%

    23.8%

    20.8%

    22.0%

    SG&A ratio

    18.6%

    19.4%

    20.0%

    20.3%

    18.8%

    18.5%

    20.7%

    21.9%

    21.1%

    22.4%

    Operating Profit ratio

    1.6%

    2.1%

    2.9%

    3.3%

    6.0%

    6.0%

    3.9%

    1.9%

    (0.3)%

    (0.4)%

    3



    Non-operating/Extraordinary profit (loss), Others

  • In connection with the exhibition of a pavilion at the Osaka-Kansai Expo, Expo-related expenses were recorded as extraordinary losses (total of ¥4.82 billion).

  • In the previous fiscal year, gains on the sale of Benefit One Inc. shares were recorded as extraordinary income.

  • Non-controlling interests decreased due to the exclusion from consolidation resulting from the sale of Benefit One Inc. shares.

Ordinary profit

Net profit attributable to owners of parent or net loss attributable to owners of the parent

（Millions of yen）

FY23

FY24

Increase/ Decrease

YoY

Operating profit

6,794

(1,237)

(8,032)

ー

Non-operating profit

1,145

1,346

+200

+17.5%

Non-operating expenses

787

568

(219)

(27.9)%

Ordinary profit

7,152

(460)

(7,612)

ー

Extraordinary profit

112,060

178

(111,882)

(99.8)%

Extraordinary loss

12,961

5,545

(7,415)

(57.2)%

Profit before income taxes

106,251

(5,826)

(112,078)

ー

Income taxes

- current

4,926

1,989

(2,937)

(59.6)%

Income taxes

- deferred

1,886

126

(1,760)

(93.3)%

Income taxes

6,813

2,115

(4,698)

(69.0)%

Profit attributable to non-controlling interests

3,547

716

(2,831)

(79.8)%

Net profit attributable to owners of parent or net loss attributable to owners of the parent

95,891

(8,658)

(104,549)

ー

(0.46)

95.89

(Billions of yen)

7.15

(8.66)

4

FY23 FY24 FY23 FY24