Overview
Services

Pasona Group Inc.

Pasona Group is a leading Japanese human resources services company offering a comprehensive range of HR solutions including BPO/outsourcing, temporary staffing, permanent placement, and outplacement services through its core subsidiary Pasona Inc. The Group also provides global HR services across Asia, North America, and other regions, alongside life support services such as childcare and elderly care, and regional revitalization initiatives including tourism, agriculture, and cultural businesses primarily centered on Awaji Island. The Group operates through six segments: BPO Solutions, Expert Solutions (staffing), Career Solutions (placement/outplacement), Global Solutions, Life Solutions, and Regional Revitalization & Tourism Solutions.

Market Cap
¥54.5B
US$347M
EV
¥9.82B
US$62.7M
Stock¥1,458▼-1.69%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.7
x
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
0.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-48.8%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1May 21, 26Oasis Management Company Ltd. changed stake (5.02%→0.19%)
MC → EV Bridge
54.5BUS$347MMarket Cap38.1BUS$243M+ Debt69.6BUS$444M− Cash19.1BUS$122M− Inv. Sec.6.04BUS$38.5M+ NCI9.82BUS$62.7MEV
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Performance & Balance
Revenue 5Y (¥B)
366US$2.33B'22/5373US$2.38B'23/5357US$2.28B'24/5309US$1.97B'25/5308US$1.97B'26/5
EBITDA 5Y (¥B)
26.5US$169M'22/519.5US$124M'23/512.4US$78.8M'24/51.52US$9.69M'25/51.58US$10.1M'26/5
Net Income 5Y (¥B)
8.62US$55.0M'22/56.10US$38.9M'23/595.9US$612M'24/5-8.66-US$55.2M'25/5-3.39-US$21.6M'26/5
Capital Structure
77%
23%
EquityD/E 0.31xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
73.9US$471M53.2US$339M'22/5130US$827M58.3US$372M'23/5196US$1.25B42.3US$270M'24/5132US$845M32.7US$208M'25/584.9US$541M38.9US$248M'26/5
Shareholders
Top 10 hold 66.9%
1
Yasuyuki NANBU
38.93%
2
Nanbu Enterprise Co., Ltd.
8.79%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.29%
4
Custody Bank of Japan, Ltd. (Trust Account)
2.66%
5
Custody Bank of Japan, Ltd. (Trust Account E)
2.40%
6
Medical Concierge Co., Ltd.
1.70%
7
Gratitude Co., Ltd.
1.56%
8
Pasona Group Inc. Employee Stock Ownership Association
1.42%
9
STATE STREET BANK AND TRUST COMPANY 505301 (Standing Proxy: Mizuho Bank, Ltd.)
1.13%
10
Custody Bank of Japan, Ltd. (Trust Account 4)
1.00%
Management
10 officers
Hirotaka WAKAMOTO
Representative Director, Chairman and CEO
Apr 1984 Joined Saitama Bank, Ltd. (now Resona Bank, Ltd. and Saitama Resona Bank, Ltd.) Jun 1989 Joined Temporary Center Co., Ltd. (now Nanbu Enterprise Co., Ltd.) Sep 2006 Director, Managing Executive Officer, General Manager of Management Planning Office; in charge of Legal Affairs Office, Affiliated Companies Office and International Business Office, Pasona Inc. Dec 2007 Director, Managing Executive Officer, General Manager of Management Planning Department; in charge of CMO Office and International Business Office, the Company Jul 2012 Director, Senior Managing Executive Officer, in charge of Management Planning Department, the Company Aug 2017 Director, Vice President Executive Officer, General Manager of Management Planning and General Affairs Headquarters, the Company Aug 2018 Director, Vice President Executive Officer, General Manager of Management Planning Headquarters, the Company Jun 2019 Representative Director, President, Pasona Knowledge Partners Inc. Aug 2020 Director, BeWith Inc. Dec 2021 Director, Vice President Executive Officer, COO, General Manager of Management Planning Headquarters and General Manager of Growth Strategy Headquarters, the Company Feb 2023 Representative Director, President, Pasona Force Inc. Aug 2024 Director, Vice President Executive Officer, COO, General Manager of Growth Strategy Headquarters and General Manager of Management Planning Headquarters, the Company Jun 2025 Representative Director, President and CEO, the Company Aug 2025 Representative Director, Chairman and CEO, the Company (current)
1960-11-02
Shintaro NAKAO
Representative Director, President and COO
Apr 1998 Joined Pasona Inc. Aug 2013 Director, Executive Officer, in charge of Solutions, Sales Headquarters and General Manager of Do Tank Headquarters, Pasona Inc. Aug 2015 Director, Managing Executive Officer, Pasona Inc. Aug 2016 Director, Executive Officer, the Company Sep 2017 Managing Executive Officer, the Company Aug 2018 Representative Director, President, Pasona Inc. (current) Jun 2020 Director, Circlace Inc. Jun 2025 Managing Executive Officer, General Manager of Group Sales Headquarters, the Company Aug 2025 Representative Director, President and COO, the Company (current)
1974-09-11
Junko FUKASAWA
Director, Vice President Executive Officer, General Manager of Pasona Way Headquarters; in charge of Social Contribution Office
Apr 1974 Joined Mitsui Toatsu Chemicals, Inc. (now Mitsui Chemicals, Inc.) Jul 1978 Joined Dentsu Inc. (now Dentsu Group Inc.) Sep 1981 Joined Temporary Center Co., Ltd. (now Nanbu Enterprise Co., Ltd.) Jan 1990 Director, General Manager of Public Relations Office, Temporary Center Co., Ltd. Jun 2000 Senior Managing Executive Officer, General Manager of Human Resources Planning Headquarters, Pasona Inc. Apr 2003 Representative Director, President, Pasona Heartful Inc. Dec 2007 Director, Senior Managing Executive Officer, in charge of Human Resources Department, Public Relations Office and Planning & Production Office; General Manager of Social Contribution Office, the Company Jun 2015 Director, Senior Managing Executive Officer, General Manager of Human Resources and Planning Headquarters; in charge of Social Contribution Office, the Company Aug 2017 Director, Vice President Executive Officer, General Manager of Human Resources and Planning Headquarters; in charge of Social Contribution Office, the Company Aug 2018 Director, Vice President Executive Officer, General Manager of Pasona Way Headquarters; in charge of Social Contribution Office, the Company Aug 2024 Director, Vice President Executive Officer, General Manager of Pasona Way Headquarters; in charge of Social Contribution Office, the Company (current) Oct 2024 Representative Director, Chairman, Pasona Heartful Inc. (current)
1953-05-28
Kinuko YAMAMOTO
Director, Vice President Executive Officer, General Manager of NATUREVERSE Headquarters
Feb 1979 Joined Manpower Center Co., Ltd. (now Nanbu Enterprise Co., Ltd.) Jan 1990 Director, in charge of Osaka Sales Headquarters, Manpower Center Co., Ltd. Jun 2000 Managing Executive Officer, in charge of Employment Development Office and General Manager of Employment Development Office, Pasona Inc. Jun 2005 Representative Director, President, Kansai Employment Creation Organization Co., Ltd. (now Pasona Masters Inc.) Dec 2007 Director, Senior Managing Executive Officer, in charge of Business Development Department, the Company Sep 2012 Representative Director, President, Pasona Furusato Incubation Inc. Jun 2015 Director, Senior Managing Executive Officer, General Manager of Business Development Headquarters, the Company Dec 2016 Representative Director, President, Nijigen no Mori Co., Ltd. Aug 2017 Director, Vice President Executive Officer, General Manager of Business Development Headquarters and General Manager of Smart Life Initiative Headquarters, the Company Sep 2018 Director, Vice President Executive Officer, General Manager of Business Development Headquarters, the Company Aug 2024 Director, Vice President Executive Officer, General Manager of NATUREVERSE Headquarters, the Company (current)
1955-11-05
Makiya NANBU
Director, Vice President Executive Officer, General Manager of Global Strategy Headquarters and General Manager of International Business Headquarters
Apr 2008 Joined Mitsubishi Corporation Jun 2013 Joined Pasona Inc. Sep 2018 Executive Officer, General Manager of Global Business Headquarters, Pasona Inc. Dec 2018 General Manager, International Business Department, the Company Sep 2021 Managing Executive Officer, General Manager of Global Business Headquarters, Pasona Inc. Aug 2022 Director, Managing Executive Officer, General Manager of Global Business Headquarters, Pasona Inc. Aug 2022 Director, Managing Executive Officer, General Manager of International Business Headquarters and Deputy General Manager of Management Planning Headquarters, the Company Aug 2024 Director, Senior Managing Executive Officer, General Manager of Global Business Headquarters, Pasona Inc. Jun 2025 Director, Managing Executive Officer, General Manager of Global Strategy Headquarters and General Manager of International Business Headquarters, the Company Aug 2025 Director, Vice President Executive Officer, General Manager of Global Strategy Headquarters and General Manager of International Business Headquarters, the Company (current) Director, Vice President Executive Officer, Pasona Inc. (current)
1984-07-31
Kazufumi NOMURA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1977 Joined Manpower Center Co., Ltd. (now Nanbu Enterprise Co., Ltd.) Apr 1985 Director, Manpower Center Co., Ltd. Jun 2000 Managing Executive Officer, General Manager of Kanto Sales Department, Pasona Inc. Jun 2001 Representative Director, President, NS Personnel Service Co., Ltd. Apr 2010 Representative Director, Chairman, NS Personnel Service Co., Ltd. May 2013 Special Advisor, Pasona Inc. Aug 2013 Full-time Audit & Supervisory Board Member, Pasona Inc. Aug 2019 Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1955-03-15
Haruo FUNABASHI
Director (Audit and Supervisory Committee Member)
Jul 1969 Joined Ministry of Finance (now Ministry of Finance) Jun 1988 Director, International Taxation Division, Tax Bureau, Ministry of Finance May 1989 Counselor, Embassy of Japan in France, Ministry of Foreign Affairs Jul 1994 Deputy Vice Minister for Finance, Ministry of Finance Mar 1995 Commissioner, Tokyo Customs, Ministry of Finance Jun 1998 Secretary General, Securities and Exchange Surveillance Commission Jun 2000 Director General, Secretariat, National Land Agency (now Ministry of Land, Infrastructure, Transport and Tourism) Jul 2001 Senior Vice Minister, Ministry of Land, Infrastructure and Transport Jul 2002 Retired from Ministry of Land, Infrastructure and Transport Feb 2003 Representative Director, Sirius Institute Inc. (current) Mar 2005 Outside Audit & Supervisory Board Member, Kennedys Japan K.K. Jun 2006 Outside Audit & Supervisory Board Member, Konoike Transport Co., Ltd. Dec 2007 Outside Audit & Supervisory Board Member, the Company Dec 2011 Outside Audit & Supervisory Board Member, EPS Co., Ltd. (now EPS Holdings, Inc.) Aug 2019 Outside Director (Audit and Supervisory Committee Member), the Company (current) Dec 2019 Outside Director, EPS Holdings, Inc. (current)
1946-09-19
Kazuo FURUKAWA
Director (Audit and Supervisory Committee Member)
Apr 1971 Joined Hitachi, Ltd. Apr 2005 Representative Executive Officer, Executive Vice President, Group CEO of Information & Telecommunication Systems Group and General Manager of Export Control Division, Hitachi, Ltd. Apr 2006 Representative Executive Officer, President, Hitachi, Ltd. Jun 2006 Director, Representative Executive Officer, President, Hitachi, Ltd. May 2007 Vice Chairman, Japan Business Federation (now Nippon Keidanren) Apr 2009 Director, Representative Executive Officer, Executive Vice Chairman, Hitachi, Ltd. Jun 2009 Senior Advisor, Hitachi, Ltd. Jun 2011 Chairman, Information Processing Society of Japan Oct 2011 President, New Energy and Industrial Technology Development Organization (now National Research and Development Agency New Energy and Industrial Technology Development Organization) Jun 2019 Outside Director, NGK Insulators, Ltd. Aug 2019 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1946-11-03
Ryohei MIYATA
Director (Audit and Supervisory Committee Member)
Apr 1997 Professor, Faculty of Fine Arts, Tokyo University of the Arts Apr 2004 Director and Vice President, Tokyo University of the Arts Dec 2005 President, Tokyo University of the Arts Feb 2016 Commissioner, Agency for Cultural Affairs, Ministry of Education, Culture, Sports, Science and Technology Apr 2016 Professor Emeritus and Adviser, Tokyo University of the Arts (current) Jul 2021 Visiting Professor, Nagaoka University of Technology (current) Aug 2021 Outside Director (Audit and Supervisory Committee Member), the Company (current) May 2022 President, Japan Art Academy (Nitten) (current)
1945-06-08
Yutaka ATOMI
Director (Audit and Supervisory Committee Member)
Apr 1970 Resident Surgeon, First Department of Surgery, Faculty of Medicine, The University of Tokyo Jun 1988 Visiting Researcher, Department of Surgery, University of California, San Francisco Jul 1992 Lecturer, First Department of Surgery, Faculty of Medicine, The University of Tokyo Oct 1992 Professor, First Department of Surgery, Faculty of Medicine, Kyorin University Apr 2004 Dean, Faculty of Medicine, Kyorin University Apr 2010 President, Kyorin University Apr 2018 President Emeritus, Kyorin University (current) Jun 2018 President, Japan Pancreas Foundation Apr 2019 President, International Medical Research Foundation (now Public Interest Incorporated Foundation International Medical Research Foundation) (current) Jun 2019 Outside Audit & Supervisory Board Member, Sanki Engineering Co., Ltd. (current) Jun 2022 Outside Director, JCR Pharmaceuticals Co., Ltd. (current) Jun 2023 President, Japan-China Medical Association (current) Jun 2023 President, Atomi Gakuen Educational Corporation (current) Aug 2023 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1944-12-05
Large Shareholding Reports
Yasuyuki NANBU
2026-07-08
37.07%→37.07%
Annual report (as of 2026-05-31): 38.93%
Oasis Management Company Ltd.
2026-05-21
5.02%→0.19%
Yasuyuki NANBU
2025-12-18
36.73%→37.07%
Annual report (as of 2026-05-31): 38.93%
Oasis Management Company Ltd.
2024-07-29
5.02%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-15
Q1 Earnings Flash
FY ending May 2027
EDINET
2026-08-14
Annual Securities Report
Period: Jun 2025 – May 2026
TDnet
2026-07-15
Full-Year Earnings Flash
FY ending May 2026
EDINET
2026-07-08
Large Shareholding Report
EDINET
2026-05-21
Large Shareholding Report
TDnet
2026-04-14
Q3 Earnings Flash
FY ending May 2026
EDINET
2026-01-14
Semi-Annual Securities Report
Period: Jun 2025 – May 2026
EDINET
2025-12-18
Large Shareholding Report
TDnet
2025-10-15
Q1 Earnings Flash
FY ending May 2026
EDINET
2025-08-20
Annual Securities Report
Period: Jun 2024 – May 2025
TDnet
2025-04-14
Q3 Earnings Flash
FY ending May 2025
EDINET
2025-01-14
Semi-Annual Securities Report
Period: Jun 2024 – Nov 2024
TDnet
2024-10-15
Q1 Earnings Flash
FY ending May 2025
EDINET
2024-08-23
Annual Securities Report
Period: Jun 2023 – May 2024
EDINET
2024-07-29
Large Shareholding Report
EDINET
2024-04-15
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-01-15
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-16
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-08-25
Annual Securities Report
Period: Jun 2022 – May 2023
EDINET
2023-04-14
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINET
2023-01-16
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-08-22
Annual Securities Report
EDINETAmended
2022-08-22
Amended Annual Securities Report
EDINETAmended
2022-04-20
Amended Quarterly Securities Report
EDINET
2022-04-14
Quarterly Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINET
2021-10-15
Quarterly Securities Report
EDINET
2021-08-23
Annual Securities Report
EDINET
2021-04-13
Quarterly Securities Report
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