UT Group Co,.Ltd. (2146) Stock Price

Market cap
¥115.4B
P/E ratio
18.2x
UT Group provides staffing and contract workers to manufacturers across Japan, serving major companies in electronics, industrial machinery, and transportation equipment through specialized regional and industry-focused divisions.

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Business Overview

UT Group operates a "Manufacturing Business" that primarily provides staffing and contract work services to manufacturers. In this business, UT Aim Co., Ltd. handles operations serving major customers in domestic industrial machinery, electronics, and transportation equipment manufacturers.

The "Area Business" provides regional staffing and contract work services. Major customers are manufacturers and service companies across Japan, with UT Connect Co., Ltd. and UT Partners Co., Ltd. operating this segment.

The "Solutions Business" provides personnel acceptance and staffing/contract work services accompanying structural reforms at major manufacturers. Primary customers are large domestic electrical equipment makers, with operations conducted by UT Toshiba Co., Ltd. and FUJITSU UT Co., Ltd.

The "Japanese Diaspora Personnel Business" provides staffing and contract work services of Japanese-Brazilian workers to major manufacturers. Major customers are domestic industrial machinery and electronics manufacturers, with UT 3M Co., Ltd. handling this business.

The "Vietnam Business" provides personnel services to manufacturers in Vietnam. Green Speed Joint Stock Company and Hoang Nhan Company Limited operated this business; however, all shares of Green Speed Joint Stock Company were sold in March 2025.

Management Policy

UT Group has established a long-term management vision for 2030: "to become a platform for the future of work." To realize this vision, the company has formulated its Fifth Medium-Term Management Plan, with the final fiscal year ending March 2028, aiming to build lifelong relationships with workers. Through investment in human capital, UT Group seeks to enhance worker motivation and sense of belonging, thereby driving business growth.

UT Group's growth strategy is based on a "dual customer" approach. This strategy treats both "workers" and "companies" as customers, aiming to deliver value to both parties. Specifically, the company provides workers with opportunities for skill development and career advancement, while offering companies stable workforce supply, thereby achieving sustainable business growth.

Under the Fifth Medium-Term Management Plan, UT Group will classify worker needs into four types and reorganize its business divisions accordingly to build long-term partnerships with workers. The company will also invest in human capital through service enhancements and equity grants to workers, establishing a sustainable foundation for business growth. This approach aims to empower workers to become drivers of business expansion.

UT Group prioritizes key management metrics focused on sustainable corporate value enhancement: number of new hires, turnover rate, total workforce, and earnings per share (EPS). The Fifth Medium-Term Management Plan sets numerical targets of 36,000 new hires, 4.2% turnover rate, 56,700 total employees, and EPS of 357.39 yen. Through these targets, the company aims to enhance corporate value and achieve sustainable growth.

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