Industry map/Finance & Business Services
HR & Staffing industry map
Who earns the money in HR & Staffing, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 152 companies · ¥7.42T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥7.42T
- Companies
- 152
- Avg. salary(parent only)
- ¥5.8M
- Industry weather
- Sunny
YoY +6.6%
Avg. age 36.0
Operating income +15.7%
Recruit Holdings[6098]
Staffing + 1 more
- Revenue
- ¥3.13T▲4.1%
- Operating income
- ¥649.7B▲18.1%
Margin 20.7%
Whole company: Revenue ¥3.7T · Net income ¥496.9B
Avg. salary ¥11.6M · 40.2(parent only)
Persol Holdings[2181]
Staffing + 2 more
- Revenue
- ¥1.25T▲3.9%
- Operating income
- ¥80.2B▲9.8%
Margin 6.4%
Whole company: Revenue ¥1.56T · Net income ¥42.7B
Avg. salary ¥8.8M · 40.9(parent only)
Pasona Group[2168]
BPO Solution,Expert Solution + 2 more
- Revenue
- ¥295B▼3.4%
- Operating income
- ¥15.2B▼4.3%
Margin 5.2%
Whole company: Revenue ¥309.2B · Net income -¥8.66B
Avg. salary ¥6.3M · 34.9(parent only)
Konoike Transport[9025]
Integrated solutions business
- Revenue
- ¥232B▲6.7%
- Operating income
- ¥23.9B▲14.8%
Margin 10.3%
Whole company: Revenue ¥355.6B · Net income ¥14.3B
Avg. salary ¥5.9M · 44.0(parent only)
World Holdings[2429]
Product Human Resource business + 1 more
- Revenue
- ¥211.8B▲11.9%
- Operating income
- ¥6.71B▲34.1%
Margin 3.2%
Whole company: Revenue ¥284.4B · Net income ¥6.62B
Avg. salary ¥6M · 46.0(parent only)
Open Up Group[2154]
Mechanical electricity field + 3 more
- Revenue
- ¥186.1B▲131.2%
- Operating income
- ¥19.5B▲161.9%
Margin 10.5%
Whole company: Revenue ¥188B · Net income ¥12.6B
Avg. salary ¥7.5M · 44.4(parent only)
UT Group Co,.[2146]
Agent business + 3 more
- Revenue
- ¥166.9B▲0.8%
- Operating income
- ¥10.7B▲37.2%
Margin 6.4%
Whole company: Revenue ¥166.9B · Net income ¥7.12B
Avg. salary ¥4.5M · 40.3(parent only)
Will Group[6089]
Domestic Working Business + 1 more
- Revenue
- ¥146.8B▲5.2%
- Operating income
- ¥6.01B▲28.3%
Margin 4.1%
Whole company: Revenue ¥146.9B · Net income ¥2.31B
Avg. salary ¥6.9M · 40.2(parent only)
MEITEC Group Holdings[9744]
Engineering Solutions Business + 1 more
- Revenue
- ¥137.7B▲3.5%
- Operating income
- ¥20.2B▲6.8%
Margin 14.6%
Whole company: Revenue ¥137.7B · Net income ¥15.1B
Nisso Holdings[9332]
- Revenue
- ¥111.4B▲9.7%
- Operating income
- ¥3.19B▼10.3%
Margin 2.9%
Avg. salary ¥7.3M · 47.0(parent only)
Visional[4194]
HR Tech
- Revenue
- ¥77B▲20.6%
- Operating income
- ¥24.7B▲23.3%
Margin 32.1%
Whole company: Revenue ¥80.2B · Net income ¥15.9B
Avg. salary ¥8.6M · 38.6(parent only)
Fullcast Holdings[4848]
Short-term operation support business
- Revenue
- ¥61.1B▲10.6%
- Operating income
- ¥8.47B▲1.7%
Margin 13.9%
Whole company: Revenue ¥77.2B · Net income ¥4.78B
Avg. salary ¥5.7M · 40.1(parent only)
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: Human Holdings · en · Willtec · Altech · Creek & River · DIP · JAC Recruitment · Careerlink · WDB Holdings · Copro-Holdings. · Hirayama Holdings · Timee · Quick · Port · ZIGExN · Medley · PHYZ Holdings · geechs · Nareru Group · Zero · M3 · CrowdWorks · Like · Kakaku.com · HITO-TO-HITO Holdings · Link and Motivation · Career Design Center · Tsunagu Group Holdings · CRG Holdings · TWOSTONE&Sons · Career · Qol Holdings · SUS · Aidma Holdings · Dive Group · Belluna · Artner · b-style holdings · Mirai Works · Gakujo …+100
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | Recruit HoldingsStaffing + 1 more | ¥3.13T | 42.2% | 20.7% | +9.0% | ¥607.1B |
| 2 | Persol HoldingsStaffing + 2 more | ¥1.25T | 16.8% | 6.4% | +7.4% | ¥60.5B |
| 3 | Pasona GroupBPO Solution,Expert Solution + 2 more | ¥295B | 4.0% | 5.2% | +114.9% | -¥14B |
| 4 | Konoike TransportIntegrated solutions business | ¥232B | 3.1% | 10.3% | +6.3% | ¥11.2B |
| 5 | World HoldingsProduct Human Resource business + 1 more | ¥211.8B | 2.9% | 3.2% | +19.2% | ¥3.26B |
| 6▲4 | Open Up GroupMechanical electricity field + 3 more | ¥186.1B | 2.5% | 10.5% | — | ¥13.1B |
| 7▼1 | UT Group Co,.Agent business + 3 more | ¥166.9B | 2.2% | 6.4% | — | ¥7.17B |
| 8▼1 | Will GroupDomestic Working Business + 1 more | ¥146.8B | 2.0% | 4.1% | +3.2% | ¥4.39B |
| 9▼1 | MEITEC Group HoldingsEngineering Solutions Business + 1 more | ¥137.7B | 1.9% | 14.6% | +6.5% | ¥15.2B |
| 10▼1 | Nisso Holdings | ¥111.4B | 1.5% | 2.9% | +7.3% | ¥1.26B |
| 11▲1 | VisionalHR Tech | ¥77B | 1.0% | 32.1% | +29.9% | ¥17.6B |
| 12▲2 | Fullcast HoldingsShort-term operation support business | ¥61.1B | 0.8% | 13.9% | +7.0% | ¥623M |
| 13 | Human HoldingsHuman resources | ¥60.7B | 0.8% | 4.3% | +4.8% | ¥2.28B |
| 14▼3 | en | ¥59.1B | 0.8% | 6.7% | +2.0% | -¥749M |
| 15 | WilltecHuman resources field + 2 more | ¥53.3B | 0.7% | 4.4% | — | ¥311M |
| 16 | AltechOutsourcing service + 1 more | ¥52.5B | 0.7% | 10.4% | +7.5% | ¥3.18B |
| 17▲1 | Creek & RiverCreative field (Japan) + 3 more | ¥50.7B | 0.7% | 8.6% | +6.5% | ¥1.48B |
| 18▼1 | DIPPersonnel service business | ¥48.2B | 0.7% | 31.5% | +7.1% | ¥4.66B |
| 19▲2 | JAC RecruitmentLocal Recruitment Business + 2 more | ¥46.1B | 0.6% | — | +16.7% | ¥9.17B |
| 20 | CareerlinkClerical human resources services + 1 more | ¥44.4B | 0.6% | 8.7% | +1.6% | ¥2.35B |
| 21▼2 | WDB HoldingsHuman resource | ¥43.5B | 0.6% | 9.9% | +2.0% | -¥1.03B |
| 22 | Copro-Holdings. | ¥36.7B | 0.5% | 9.9% | +23.8% | ¥2.35B |
| 23new | Hirayama HoldingsInsourcing Business + 2 more | ¥34.9B | 0.5% | 5.8% | — | ¥891.6M |
| 24 | Timee | ¥34.3B | 0.5% | 19.7% | — | ¥2.2B |
| 25▼2 | QuickHuman resource business + 3 more | ¥30.9B | 0.4% | 17.6% | +11.6% | ¥1.88B |
| 26▲1 | Port | ¥29.1B | 0.4% | 14.0% | +42.8% | ¥2.29B |
| 27▼1 | ZIGExNLife Service Platform | ¥28.5B | 0.4% | 20.2% | +17.9% | ¥2.99B |
| 28▲1 | MedleyRecruitment platform business + 1 more | ¥27.4B | 0.4% | 30.3% | +35.3% | ¥2.99B |
| 29▲4 | PHYZ HoldingsOperation service | ¥26.9B | 0.4% | 3.5% | — | ¥300.6M |
| 30▼5 | geechsIT job matching business(domestic) + 2 more | ¥26.3B | 0.4% | 5.6% | +287.9% | ¥741.5M |
| 31 | Nareru GroupConstruction solution + 1 more | ¥24.2B | 0.3% | 9.9% | — | ¥2.2B |
| 32▼2 | ZeroHuman resource businesses | ¥23.1B | 0.3% | 3.5% | +6.5% | — |
| 33▼1 | M3Career Solution | ¥22.7B | 0.3% | 26.1% | — | ¥58.3B |
| 34▲6 | CrowdWorksMatching business | ¥21.4B | 0.3% | 8.2% | — | — |
| 35▼7 | LikeComprehensive staffing services | ¥20.6B | 0.3% | 7.3% | +0.4% | ¥1.86B |
| 36▲6 | Kakaku.comKyujin Box | ¥20.2B | 0.3% | -7.3% | — | ¥22.7B |
| 37▼1 | HITO-TO-HITO Holdings | ¥20.1B | 0.3% | 5.2% | +13.5% | ¥1.34B |
| 38 | Link and MotivationMatching sivision | ¥19B | 0.3% | — | +6.6% | ¥4.59B |
| 39▼5 | Career Design Center | ¥18.6B | 0.3% | 8.5% | +18.6% | ¥1.69B |
| 40▼1 | Tsunagu Group HoldingsHuman capital business + 1 more | ¥18.2B | 0.2% | 9.4% | +13.5% | ¥1.08B |
| 41▼6 | CRG HoldingsHuman resource related business | ¥15.8B | 0.2% | 1.2% | — | -¥278.6M |
| 42▲1 | TWOSTONE&SonsEngineerplatformservice | ¥15.8B | 0.2% | 7.3% | +42.1% | ¥684.4M |
| 43▼6 | Career | ¥14.9B | 0.2% | -0.1% | +1.3% | -¥312.9M |
| 44▼3 | Qol HoldingsBPO | ¥14.3B | 0.2% | 13.3% | — | ¥10.6B |
| 45▲1 | SUSSolution | ¥13.7B | 0.2% | 7.8% | +12.1% | ¥926M |
| 46▲4 | Aidma Holdings | ¥13.3B | 0.2% | 23.4% | +37.5% | ¥2.45B |
| 47▼2 | Dive GroupTourism HR business | ¥13B | 0.2% | 9.8% | +28.9% | ¥86.5M |
| 48▼4 | BellunaNurse related business | ¥12.3B | 0.2% | 5.3% | -6.4% | -¥15B |
| 49▼1 | Artner | ¥12B | 0.2% | 15.1% | — | ¥1.33B |
| 50▼3 | b-style holdingsStaffing and employment business + 2 more | ¥12B | 0.2% | 14.2% | +6.5% | -¥278.2M |
Showing the top 50. See all 152 in the list below
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- SG&A
- Other
- Operating profit
- Visional96427
- JAC Recruitment76726
- Timee7520
- Recruit Holdings414117
- DIP117217
- MEITEC Group Holdings741214
- Quick335314
- Fullcast Holdings662410
- Altech771310
- Copro-Holdings.721810
- Careerlink78139
- WDB Holdings77149
- Open Up Group75178
- Creek & River64288
- en16777
- Konoike Transport88
- UT Group Co,.8113
- Persol Holdings7719
- World Holdings8412
- Human Holdings7422
- Nisso Holdings8314
- Willtec8017
- Hirayama Holdings8215
- Will Group7820
- Pasona Group7822
Showing the 25 largest companies by revenue.
Ownership links
From the major-shareholder section of annual securities reports.
- AZ-COM丸和ホールディングス株式会社Outside
- SubsidiaryPHYZ Holdings58.3%
- Link and MotivationIn industry
- SubsidiaryOpenWork52.7%
- 日産自動車株式会社Outside
- SubsidiaryNissan Shatai50.0%
- 合同会社アトムOutside
- Affiliategeechs38.4%
- ソニーグループ株式会社Outside
- AffiliateM334.5%
- SBIホールディングス株式会社Outside
- AffiliateProjectHoldings29.9%
- StakeKOSAIDO Holdings7.4%
- SBSホールディングス株式会社Outside
- AffiliateZero20.9%
- KDDI株式会社Outside
- AffiliateCrops20.3%
- StakeKakaku.com17.7%
- 株式会社メディパルホールディングスOutside
- AffiliateQol Holdings20.2%
- M3In industry
- StakeHONYAKU Center19.8%
- Nisso HoldingsIn industry
- StakeTsunagu Group Holdings18.8%
- 豊田通商株式会社Outside
- StakeKimura Unity9.7%
- note株式会社Outside
- Stakecoconala9.7%
- 株式会社サイバーエージェントOutside
- StakeCrowdWorks9.6%
- StakeGoodpatch8.2%
- StakeWantedly7.7%
- 株式会社ビューティガレージOutside
- StakeSeyfert9.2%
- 株式会社クレスコOutside
- StakeLTS6.8%
- 日本証券金融株式会社Outside
- StakeBCC6.5%
- StakeSE Holdings and Incubations5.4%
- StakePlaco3.9%
- ㈱アルペンOutside
- StakeTSI Holdings6.1%
- 三菱地所株式会社Outside
- StakeJapan Reliance Service6.0%
- 株式会社小森コーポレーションOutside
- StakeAsahi Printing5.9%
- 三井物産株式会社Outside
- Stakeistyle5.7%
- 株式会社大塚商会Outside
- StakeGIG Works5.4%
- 倉敷紡績株式会社Outside
- StakeDaiwa5.2%
- 不二製油株式会社Outside
- Stakecotta5.2%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted. Showing up to 24 shareholder cards.
Compare the leaders side by side
All companies in HR & Staffing (by revenue)
All 152 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Recruit Holdings¥3.13T · 20.7%
- Persol Holdings¥1.25T · 6.4%
- Pasona Group¥291.9B · 5.0%
- Konoike Transport¥232B · 10.3%
- World Holdings¥211.8B · 3.2%
- UT Group Co,.¥166.9B · 6.4%
- Open Up Group¥166B · 11.9%
- Will Group¥146.8B · 4.1%
- MEITEC Group Holdings¥137.7B · 14.6%
- Nisso Holdings¥111.4B · 2.9%
- Visional¥77B · 32.1%
- Fullcast Holdings¥61.1B · 13.9%
- Human Holdings¥60.7B · 4.3%
- en¥59.1B · 6.7%
- Willtec¥53.3B · 4.4%
- Altech¥52.5B · 10.4%
- Creek & River¥50.7B · 8.6%
- DIP¥48.2B · 31.5%
- JAC Recruitment¥46.1B
- Careerlink¥44.4B · 8.7%
- WDB Holdings¥43.5B · 9.9%
- Copro-Holdings.¥36.7B · 9.9%
- Hirayama Holdings¥36.4B · 7.4%
- Timee¥34.3B · 19.7%
- Quick¥30.9B · 17.6%
- Port¥29.1B · 14.0%
- ZIGExN¥28.5B · 20.2%
- Medley¥27.4B · 30.3%
- PHYZ Holdings¥26.9B · 3.5%
- geechs¥26.3B · 5.6%
- Nareru Group¥24.2B · 9.9%
- Zero¥23.1B · 3.5%
- M3¥22.7B · 26.1%
- Like¥22B · 7.6%
- CrowdWorks¥21.4B · 8.2%
- Kakaku.com¥20.2B · -7.3%
- HITO-TO-HITO Holdings¥20.1B · 5.2%
- Link and Motivation¥19B
- Career Design Center¥18.6B · 8.5%
- Tsunagu Group Holdings¥18.2B · 9.4%
- CRG Holdings¥15.8B · 1.2%
- TWOSTONE&Sons¥15.8B · 7.3%
- Career¥14.9B · -0.1%
- Qol Holdings¥14.3B · 13.3%
- SUS¥13.7B · 7.8%
- Aidma Holdings¥13.3B · 23.4%
- Dive Group¥13B · 9.8%
- Belluna¥12.3B · 5.3%
- Artner¥12B · 15.1%
- b-style holdings¥12B · 14.2%
- Mirai Works¥11.1B · 2.5%
- Gakujo¥11B · 21.2%
- Abist¥10.5B · 17.5%
- GIG Works¥10.3B · 6.6%
- Interworks Confidence¥9.97B · 22.5%
- Geekly¥9.78B · 22.0%
- S-Pool¥9.52B · 8.6%
- Human Creation Holdings¥8.95B · 8.7%
- HITO-Communications Holdings¥8.79B · 5.6%
- Rakus¥8.52B · 15.5%
- Crooz¥7.71B · 3.6%
- MS-Japan¥7.65B · 21.9%
- Atrae¥7.63B · 24.3%
- ONE Career¥7.58B · 28.1%
- Extreme¥7.13B · 13.7%
- Cocorport¥7.11B · 11.4%
- HIP¥6.19B · 9.3%
- Anabuki Kosan¥5.93B · 4.6%
- i-plug¥5.76B · 12.4%
- Livesense¥5.64B · -6.5%
- Startline¥5.56B · 32.2%
- Litalico¥5.48B · 32.7%
- Axis Consulting¥5.27B · 4.0%
- KOSAIDO Holdings¥5.05B · -1.4%
- TSI Holdings¥5.01B · 5.7%
- Wantedly¥4.91B · 33.5%
- OpenWork¥4.65B · 25.8%
- Mainichi Comnet¥4.65B · 8.5%
- Roxx¥4.51B · -16.0%
- for Startups¥4.48B · 45.0%
- Jaic¥4.48B · 4.5%
- Sportsfield¥4.43B · 25.1%
- SAAF Holdings¥4.43B · 3.4%
- Arbeit-Times¥4.31B · 21.6%
- MRT¥4.19B · 2.3%
- Meiho Holdings¥4.06B · 4.3%
- eole¥3.99B · -3.3%
- Dear Life¥3.94B · 2.0%
- Disruptors¥3.92B · 17.8%
- Movin' Strategic Career¥3.8B · 46.4%
- coconala¥3.69B · -7.6%
- Forval¥3.49B · 9.6%
- Synchro Food¥3.42B · 17.0%
- Jtec¥3.36B · 7.0%
- Mental Health Technologies¥3.27B · 8.1%
- JSH¥3.21B · 24.2%
- Crops¥3.08B · 2.5%
- Vector¥2.98B · -0.8%
- KG Intelligence¥2.74B · 16.1%
- Jinjib¥2.69B · 6.2%
- Howtelevision¥2.56B · 9.8%
- Fuva Brain¥2.42B · 11.9%
- istyle¥2.27B · 8.4%
- Shinko¥2.27B · 13.9%
- Nissan Shatai¥2.17B · 8.9%
- Succeed¥1.96B · 15.7%
- QLS Holdings¥1.95B · 12.2%
- Seyfert¥1.93B · -5.9%
- I-Freek Mobile¥1.83B · 14.3%
- Appirits¥1.78B · -0.7%
- TalentX¥1.75B · 19.1%
- Cookbiz¥1.74B · -15.2%
- Silicon Studio¥1.64B · 18.3%
- Slogan¥1.59B · 17.6%
- Direct Marketing MiX¥1.54B · 5.2%
- LTS¥1.49B · -1.7%
- Forside¥1.43B · 2.9%
- Zenken¥1.36B · 4.8%
- PA¥1.32B · 22.1%
- Yamada Servicer Synthetic Office¥1.31B · 14.6%
- BCC¥1.29B · 14.7%
- Media Research Institute¥1.29B · 46.8%
- cotta¥1.16B · 3.7%
- HONYAKU Center¥1.12B · 3.3%
- Kimura Unity¥1.12B · 8.9%
- Scala¥1.01B · 14.7%
- SE Holdings and Incubations¥912M · 17.2%
- United¥791.5M · -5.0%
- Japan Reliance Service¥662.6M · 2.0%
- Seraku.¥660.4M · 5.6%
- Globalway¥516.3M · 16.5%
- Placo¥500.3M · -0.8%
- Asahi Printing¥499M
- Septeni Holdings¥490.5M · 8.4%
- Goodpatch¥389.4M · -13.9%
- Asiro¥335.3M · 21.3%
- Besterra¥322.1M · 21.6%
- Institution for a Global Society¥281.9M · 25.5%
- M H Group¥277.8M · 4.8%
- SecuAvail¥249.1M · 10.4%
- Boutiques¥228.6M · 22.7%
- ProjectHoldings¥213.7M · 0.5%
- THE WHY HOW DO Company¥176M · 26.9%
- Bizmates¥169.1M · -64.8%
- Ishin¥125.8M · -57.1%
- Recovery International¥92.6M · -36.4%
- MarkLines¥91.3M · -37.0%
- GSI¥82.2M · 23.3%
- Daiwa¥63.7M · 29.3%
- JTP¥58.1M · -0.2%
- Uluru.¥22M · -25.5%
- Porters¥11M · -990.9%
Revenue · Op. margin
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