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

YoY +6.6%

Companies
152
Avg. salary(parent only)
¥5.8M

Avg. age 36.0

Industry weather
Sunny

Operating income +15.7%

Recruit Holdings[6098]

Staffing + 1 more

#1
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

#2
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

#3
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

#4
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

#5
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

#6▲
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

#7▼
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

#8▼
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

#9▼
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]

#10▼
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

#11▲
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

#12▲
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).

Switch years to see how the map shifts

Who earns the money

Area = revenue from businesses in this industry. Color = operating margin.

LossHigh margin(middle = 0% margin)

Who makes a profit

Across = revenue (log scale), up = operating margin, bubble size = operating income.

Ranking and momentum

RankCompany (business)RevenueShareOp. marginCAGRFCF*
1Recruit HoldingsStaffing + 1 more¥3.13T42.2%20.7%+9.0%¥607.1B
2Persol HoldingsStaffing + 2 more¥1.25T16.8%6.4%+7.4%¥60.5B
3Pasona GroupBPO Solution,Expert Solution + 2 more¥295B4.0%5.2%+114.9%-¥14B
4Konoike TransportIntegrated solutions business¥232B3.1%10.3%+6.3%¥11.2B
5World HoldingsProduct Human Resource business + 1 more¥211.8B2.9%3.2%+19.2%¥3.26B
6▲4Open Up GroupMechanical electricity field + 3 more¥186.1B2.5%10.5%—¥13.1B
7▼1UT Group Co,.Agent business + 3 more¥166.9B2.2%6.4%—¥7.17B
8▼1Will GroupDomestic Working Business + 1 more¥146.8B2.0%4.1%+3.2%¥4.39B
9▼1MEITEC Group HoldingsEngineering Solutions Business + 1 more¥137.7B1.9%14.6%+6.5%¥15.2B
10▼1Nisso Holdings¥111.4B1.5%2.9%+7.3%¥1.26B
11▲1VisionalHR Tech¥77B1.0%32.1%+29.9%¥17.6B
12▲2Fullcast HoldingsShort-term operation support business¥61.1B0.8%13.9%+7.0%¥623M
13Human HoldingsHuman resources¥60.7B0.8%4.3%+4.8%¥2.28B
14▼3en¥59.1B0.8%6.7%+2.0%-¥749M
15WilltecHuman resources field + 2 more¥53.3B0.7%4.4%—¥311M
16AltechOutsourcing service + 1 more¥52.5B0.7%10.4%+7.5%¥3.18B
17▲1Creek & RiverCreative field (Japan) + 3 more¥50.7B0.7%8.6%+6.5%¥1.48B
18▼1DIPPersonnel service business¥48.2B0.7%31.5%+7.1%¥4.66B
19▲2JAC RecruitmentLocal Recruitment Business + 2 more¥46.1B0.6%—+16.7%¥9.17B
20CareerlinkClerical human resources services + 1 more¥44.4B0.6%8.7%+1.6%¥2.35B
21▼2WDB HoldingsHuman resource¥43.5B0.6%9.9%+2.0%-¥1.03B
22Copro-Holdings.¥36.7B0.5%9.9%+23.8%¥2.35B
23newHirayama HoldingsInsourcing Business + 2 more¥34.9B0.5%5.8%—¥891.6M
24Timee¥34.3B0.5%19.7%—¥2.2B
25▼2QuickHuman resource business + 3 more¥30.9B0.4%17.6%+11.6%¥1.88B
26▲1Port¥29.1B0.4%14.0%+42.8%¥2.29B
27▼1ZIGExNLife Service Platform¥28.5B0.4%20.2%+17.9%¥2.99B
28▲1MedleyRecruitment platform business + 1 more¥27.4B0.4%30.3%+35.3%¥2.99B
29▲4PHYZ HoldingsOperation service¥26.9B0.4%3.5%—¥300.6M
30▼5geechsIT job matching business(domestic) + 2 more¥26.3B0.4%5.6%+287.9%¥741.5M
31Nareru GroupConstruction solution + 1 more¥24.2B0.3%9.9%—¥2.2B
32▼2ZeroHuman resource businesses¥23.1B0.3%3.5%+6.5%—
33▼1M3Career Solution¥22.7B0.3%26.1%—¥58.3B
34▲6CrowdWorksMatching business¥21.4B0.3%8.2%——
35▼7LikeComprehensive staffing services¥20.6B0.3%7.3%+0.4%¥1.86B
36▲6Kakaku.comKyujin Box¥20.2B0.3%-7.3%—¥22.7B
37▼1HITO-TO-HITO Holdings¥20.1B0.3%5.2%+13.5%¥1.34B
38Link and MotivationMatching sivision¥19B0.3%—+6.6%¥4.59B
39▼5Career Design Center¥18.6B0.3%8.5%+18.6%¥1.69B
40▼1Tsunagu Group HoldingsHuman capital business + 1 more¥18.2B0.2%9.4%+13.5%¥1.08B
41▼6CRG HoldingsHuman resource related business¥15.8B0.2%1.2%—-¥278.6M
42▲1TWOSTONE&SonsEngineerplatformservice¥15.8B0.2%7.3%+42.1%¥684.4M
43▼6Career¥14.9B0.2%-0.1%+1.3%-¥312.9M
44▼3Qol HoldingsBPO¥14.3B0.2%13.3%—¥10.6B
45▲1SUSSolution¥13.7B0.2%7.8%+12.1%¥926M
46▲4Aidma Holdings¥13.3B0.2%23.4%+37.5%¥2.45B
47▼2Dive GroupTourism HR business¥13B0.2%9.8%+28.9%¥86.5M
48▼4BellunaNurse related business¥12.3B0.2%5.3%-6.4%-¥15B
49▼1Artner¥12B0.2%15.1%—¥1.33B
50▼3b-style holdingsStaffing and employment business + 2 more¥12B0.2%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

Showing the 25 largest companies by revenue.

Ownership links

From the major-shareholder section of annual securities reports.

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.

  1. Recruit Holdings¥3.13T · 20.7%
  2. Persol Holdings¥1.25T · 6.4%
  3. Pasona Group¥291.9B · 5.0%
  4. Konoike Transport¥232B · 10.3%
  5. World Holdings¥211.8B · 3.2%
  6. UT Group Co,.¥166.9B · 6.4%
  7. Open Up Group¥166B · 11.9%
  8. Will Group¥146.8B · 4.1%
  9. MEITEC Group Holdings¥137.7B · 14.6%
  10. Nisso Holdings¥111.4B · 2.9%
  11. Visional¥77B · 32.1%
  12. Fullcast Holdings¥61.1B · 13.9%
  13. Human Holdings¥60.7B · 4.3%
  14. en¥59.1B · 6.7%
  15. Willtec¥53.3B · 4.4%
  16. Altech¥52.5B · 10.4%
  17. Creek & River¥50.7B · 8.6%
  18. DIP¥48.2B · 31.5%
  19. JAC Recruitment¥46.1B
  20. Careerlink¥44.4B · 8.7%
  21. WDB Holdings¥43.5B · 9.9%
  22. Copro-Holdings.¥36.7B · 9.9%
  23. Hirayama Holdings¥36.4B · 7.4%
  24. Timee¥34.3B · 19.7%
  25. Quick¥30.9B · 17.6%
  26. Port¥29.1B · 14.0%
  27. ZIGExN¥28.5B · 20.2%
  28. Medley¥27.4B · 30.3%
  29. PHYZ Holdings¥26.9B · 3.5%
  30. geechs¥26.3B · 5.6%
  31. Nareru Group¥24.2B · 9.9%
  32. Zero¥23.1B · 3.5%
  33. M3¥22.7B · 26.1%
  34. Like¥22B · 7.6%
  35. CrowdWorks¥21.4B · 8.2%
  36. Kakaku.com¥20.2B · -7.3%
  37. HITO-TO-HITO Holdings¥20.1B · 5.2%
  38. Link and Motivation¥19B
  39. Career Design Center¥18.6B · 8.5%
  40. Tsunagu Group Holdings¥18.2B · 9.4%
  41. CRG Holdings¥15.8B · 1.2%
  42. TWOSTONE&Sons¥15.8B · 7.3%
  43. Career¥14.9B · -0.1%
  44. Qol Holdings¥14.3B · 13.3%
  45. SUS¥13.7B · 7.8%
  46. Aidma Holdings¥13.3B · 23.4%
  47. Dive Group¥13B · 9.8%
  48. Belluna¥12.3B · 5.3%
  49. Artner¥12B · 15.1%
  50. b-style holdings¥12B · 14.2%
  51. Mirai Works¥11.1B · 2.5%
  52. Gakujo¥11B · 21.2%
  53. Abist¥10.5B · 17.5%
  54. GIG Works¥10.3B · 6.6%
  55. Interworks Confidence¥9.97B · 22.5%
  56. Geekly¥9.78B · 22.0%
  57. S-Pool¥9.52B · 8.6%
  58. Human Creation Holdings¥8.95B · 8.7%
  59. HITO-Communications Holdings¥8.79B · 5.6%
  60. Rakus¥8.52B · 15.5%
  61. Crooz¥7.71B · 3.6%
  62. MS-Japan¥7.65B · 21.9%
  63. Atrae¥7.63B · 24.3%
  64. ONE Career¥7.58B · 28.1%
  65. Extreme¥7.13B · 13.7%
  66. Cocorport¥7.11B · 11.4%
  67. HIP¥6.19B · 9.3%
  68. Anabuki Kosan¥5.93B · 4.6%
  69. i-plug¥5.76B · 12.4%
  70. Livesense¥5.64B · -6.5%
  71. Startline¥5.56B · 32.2%
  72. Litalico¥5.48B · 32.7%
  73. Axis Consulting¥5.27B · 4.0%
  74. KOSAIDO Holdings¥5.05B · -1.4%
  75. TSI Holdings¥5.01B · 5.7%
  76. Wantedly¥4.91B · 33.5%
  77. OpenWork¥4.65B · 25.8%
  78. Mainichi Comnet¥4.65B · 8.5%
  79. Roxx¥4.51B · -16.0%
  80. for Startups¥4.48B · 45.0%
  81. Jaic¥4.48B · 4.5%
  82. Sportsfield¥4.43B · 25.1%
  83. SAAF Holdings¥4.43B · 3.4%
  84. Arbeit-Times¥4.31B · 21.6%
  85. MRT¥4.19B · 2.3%
  86. Meiho Holdings¥4.06B · 4.3%
  87. eole¥3.99B · -3.3%
  88. Dear Life¥3.94B · 2.0%
  89. Disruptors¥3.92B · 17.8%
  90. Movin' Strategic Career¥3.8B · 46.4%
  91. coconala¥3.69B · -7.6%
  92. Forval¥3.49B · 9.6%
  93. Synchro Food¥3.42B · 17.0%
  94. Jtec¥3.36B · 7.0%
  95. Mental Health Technologies¥3.27B · 8.1%
  96. JSH¥3.21B · 24.2%
  97. Crops¥3.08B · 2.5%
  98. Vector¥2.98B · -0.8%
  99. KG Intelligence¥2.74B · 16.1%
  100. Jinjib¥2.69B · 6.2%
  101. Howtelevision¥2.56B · 9.8%
  102. Fuva Brain¥2.42B · 11.9%
  103. istyle¥2.27B · 8.4%
  104. Shinko¥2.27B · 13.9%
  105. Nissan Shatai¥2.17B · 8.9%
  106. Succeed¥1.96B · 15.7%
  107. QLS Holdings¥1.95B · 12.2%
  108. Seyfert¥1.93B · -5.9%
  109. I-Freek Mobile¥1.83B · 14.3%
  110. Appirits¥1.78B · -0.7%
  111. TalentX¥1.75B · 19.1%
  112. Cookbiz¥1.74B · -15.2%
  113. Silicon Studio¥1.64B · 18.3%
  114. Slogan¥1.59B · 17.6%
  115. Direct Marketing MiX¥1.54B · 5.2%
  116. LTS¥1.49B · -1.7%
  117. Forside¥1.43B · 2.9%
  118. Zenken¥1.36B · 4.8%
  119. PA¥1.32B · 22.1%
  120. Yamada Servicer Synthetic Office¥1.31B · 14.6%
  121. BCC¥1.29B · 14.7%
  122. Media Research Institute¥1.29B · 46.8%
  123. cotta¥1.16B · 3.7%
  124. HONYAKU Center¥1.12B · 3.3%
  125. Kimura Unity¥1.12B · 8.9%
  126. Scala¥1.01B · 14.7%
  127. SE Holdings and Incubations¥912M · 17.2%
  128. United¥791.5M · -5.0%
  129. Japan Reliance Service¥662.6M · 2.0%
  130. Seraku.¥660.4M · 5.6%
  131. Globalway¥516.3M · 16.5%
  132. Placo¥500.3M · -0.8%
  133. Asahi Printing¥499M
  134. Septeni Holdings¥490.5M · 8.4%
  135. Goodpatch¥389.4M · -13.9%
  136. Asiro¥335.3M · 21.3%
  137. Besterra¥322.1M · 21.6%
  138. Institution for a Global Society¥281.9M · 25.5%
  139. M H Group¥277.8M · 4.8%
  140. SecuAvail¥249.1M · 10.4%
  141. Boutiques¥228.6M · 22.7%
  142. ProjectHoldings¥213.7M · 0.5%
  143. THE WHY HOW DO Company¥176M · 26.9%
  144. Bizmates¥169.1M · -64.8%
  145. Ishin¥125.8M · -57.1%
  146. Recovery International¥92.6M · -36.4%
  147. MarkLines¥91.3M · -37.0%
  148. GSI¥82.2M · 23.3%
  149. Daiwa¥63.7M · 29.3%
  150. JTP¥58.1M · -0.2%
  151. Uluru.¥22M · -25.5%
  152. Porters¥11M · -990.9%

Revenue · Op. margin

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