FULLCAST HOLDINGS CO.,LTD.

4848 株式会社フルキャストホールディングス

Staffing & Employment Services · Prime · TSE: Disclosed

PRICE: ¥1,539 · MKT CAP: ¥53.7B · P/E: 11.2x · P/B: 1.75x · DIV YIELD: 4.1%

PRICE — 5Y

Characteristics & Business Summary

Fullcast Holdings Co., Ltd., together with its subsidiaries, provides human resource solutions in Japan. It operates through four segments: Short-Term Operational Support Business; Sales Support Business; Restaurant Business; and Security, Other Businesses...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	52,366	64,645	68,974	68,556	77,227
Operating Profit	7,592	9,823	8,658	7,133	7,915
Ordinary Profit	7,624	9,884	8,686	7,312	7,778
Net Profit	5,012	6,622	5,889	5,493	4,784
EPS	¥137	¥183	¥167	¥156	¥137
DPS	¥44	¥58	¥61	¥62	¥63

Balance Sheet & Valuation Highlights

Total Assets ¥58B

Net Assets (Equity) ¥33B

Equity Ratio 53.0%

ROE (Return on Equity) 15.8%

Cash & Equivalents ¥21B

Interest-Bearing Debt ¥12B

Capital Expenditure (CapEx) ¥1B

Depreciation & Amort. ¥1B

Major Shareholders

1. 株式会社ヒラノ・アソシエイツ 37.6%
2. ＵＨＰａｒｔｎｅｒｓ２投資事業有限責任組合 7.6%
3. Hikari Tsushin, Inc. 6.9%
4. Japan Master Trust Bank 4.0%
5. ＵＨＰａｒｔｎｅｒｓ３投資事業有限責任組合 2.6%
6. STATE STREET BANK AND TRUST COMPANY 2.6%
7. エスアイエル投資事業有限責任組合 2.3%
8. INTERACTIVE BROKERS LLC 1.2%
9. MSIP CLIENT SECURITIES 1.2%
10. Daiwa Securities Co., Ltd. 1.2%

Activist Activity

Hirano Associates Co., Ltd 37.82%

2025-12-16 · change

Hikari Tsushin K.K. 20.08%

2025-09-26 · change

Hikari Tsushin K.K. 19.97%

2025-08-25 · change

Hikari Tsushin K.K. 18.97%

2025-05-13 · change

Hikari Tsushin K.K. 17.94%

2025-03-04 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥1,436	¥1,790	¥1,959	¥1,947	¥2,211
FCF/Share	¥173	¥185	¥143	¥155	¥24
EPS	¥137	¥183	¥167	¥156	¥137
DPS	¥44	¥58	¥61	¥62	¥63
Capital Spending per share	¥1	¥3	¥3	¥8	¥15
Book Value per share	¥530	¥648	¥710	¥800	¥867
Common Shares Outstanding	36M	36M	35M	35M	35M

Financial Aggregates & Margins

Financial Aggregate	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥52B	¥65B	¥69B	¥69B	¥77B
Operating Margin (%)	14.5%	15.2%	12.6%	10.4%	10.2%
Net Profit (owners)	¥5B	¥7B	¥6B	¥5B	¥5B
Net Profit Margin (%)	9.6%	10.2%	8.5%	8.0%	6.2%
Working Capital	¥16B	¥19B	¥13B	¥15B	¥10B
Total Debt (Interest-bearing)	¥1B	¥1B	¥1B	¥1B	¥12B
Net Worth (Common Equity)	¥19B	¥23B	¥25B	¥28B	¥30B
Return on Total Assets (ROA)	17.0%	18.6%	15.1%	13.2%	8.3%
Return on Common Equity (ROE)	25.9%	28.3%	23.5%	19.5%	15.8%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.