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← CockpitCompetitor Analysis › 2146.T UT Group Co.,Ltd.Open in the cockpit ↗

UT Group Co.,Ltd.2146.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Personnel Services
Momentum leader 87
Mkt cap
$868M
US dollars, full cap
Free float
87%
of shares outstanding
$/day
$5.89M
20-day average traded
Fwd P/E
16.1×
forward earnings
ROIC−WACC
+47.4 pp
WACC 11.2%
Hurdle
-1 pp
Req g minus delivered
Next earnings
7 days
13 Nov 2026
Close · JPY¥224
1D-7.4%
1W-7.8%
1M-7.0%
3M+22.4%
6M+21.7%
YTD+12.6%
1Y+20.1%
ATR %3.1%
52w lowhigh12.2% off high

What UT Group Co.,Ltd. does

Employees: 34,772

UT Group Co.,Ltd. at a glance

Size UT Group Co.,Ltd. (2146.T) is a Japan Industrials company (Personnel Services) with a market value of $868M, the 795th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥224 on 6 Nov 2026.

Performance Over six months the shares gained 21.7%, against +18.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue fell 13.0% over the last twelve months (peer median +0.8%); the operating margin is 7.0% (peer median 5.8%).

Valuation It trades at 16.1× forward earnings against a peer median of 15.6× (11th cheapest of 21).

Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -1 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 47.4 points above its cost of capital (11.2% WACC).

Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 20262146.T 123Peer median 118
Six months, rebased to 100: UT Group Co.,Ltd. against the median of its 20 peers (local-currency closes).

UT Group Co.,Ltd. financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥167B¥167B¥195B¥167B¥171B
Revenue growth—-14%+17%-2%—
Gross profit¥32.0B¥30.1B¥29.8B¥28.9B¥31.9B
EBITDA¥13.5B¥12.6B¥10.2B¥10.9B¥10.2B
Net income¥7.81B¥7.12B¥8.96B¥6.36B¥3.83B
Free cash flown/a¥7.55B¥5.62B¥3.95B¥12.9B
Capital expendituren/a¥425M¥404M¥1.52B¥2.51B
Total debt¥9.14B¥9.86B¥7.91B¥12.3B¥16.4B

Quarterly statements and history in the cockpit →

UT Group Co.,Ltd. competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%+60%-10%0%+10%PAGEGPPKFRCSDGBBSI21543006622124HASUPWK2175CEN2379CHZKELYAQUESS4849STEM484821702146.T6-month return →1-month return →
Up and to the right = strong over both horizons. UT Group Co.,Ltd. is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%20×40×PAGEGPPKFRCSDGBBSI21543006622124HASUPWK2175CEN2379CHZKELYAQUESS4849STEM484821702146.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. UT Group Co.,Ltd. is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%+30%0%20%PAGEGPPKFRCSDGBBSI21543006622124HASUPWK21752379CHZKELYAQUESS4849STEM484821702146.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. UT Group Co.,Ltd. is the large dot.

UT Group Co.,Ltd. competitors and peer comparison

How UT Group Co.,Ltd. compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

UT Group Co.,Ltd. against its 20 peers (data as of 6 Nov 2026)
Measure2146.TPeer medianRank in peer set
1-month return-7.0%-1.5%5th lowest of 21
6-month return+21.7%+18.4%11th highest of 21
Distance from 52-week high-12.2%-15.9%7th highest of 21
Revenue growth (TTM)-13.0%+0.8%lowest of 21
Operating margin7.0%5.8%11th highest of 21
Forward P/E16.1×15.6×11th cheapest of 21
Growth the price implies (Req g, 7 yrs)6.7%1.9%9th most demanding of 20
Growth delivered (Del g)+7.7%+7.1%10th highest of 20
Hurdle (Req g minus delivered)-1.0 pp-6.4 pp8th most demanding of 20
ROIC minus cost of capital+47.4 pp+7.4 pp2nd highest of 20
EV / EBITDA8.8×9.1×6th cheapest of 12
Net debt / EBITDA-1.4×-0.8×8th least indebted of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
UT Group Co.,Ltd. 2146.TJapan$868M+22%-13%7%16.1×6.7%+7.7%
Michael Page PAGE.LUnited Kingdom$896M+60%-3%2%43.4×23.5%+4.1%
Grupa Pracuj spolka akcyjna GPP.WAPoland$919M+23%+5%37%13.1×-1.9%+22.1%
Kforce KFRCUnited States$970M+25%+2%5%18.0×9.8%-1.0%
Synergie SDG.PAFrance$753M-3%+5%3%11.8×-13.4%+8.2%
Barrett Business Services BBSIUnited States$725M0%+6%4%18.2×1.9%+7.1%
Open Up 2154.TJapan$1.11B+12%-11%10%13.1×-6.5%+11.1%
Beijing Career International 300662.SZChina$643M-10%+13%2%12.0×10.6%+29.9%
JAC Recruitment 2124.TJapan$1.21B+34%+12%26%19.3×-1.0%+16.4%
Hays HAS.LUnited Kingdom$1.24B+75%-3%1%33.0×18.3%+2.6%
Upwork UPWKUnited States$1.26B+14%-1%18%8.9×-7.1%+16.1%
SMS 2175.TJapan$1.31B+33%+8%11%31.1×19.2%+12.5%
Groupe Crit CEN.PAFrance$534M-20%+1%3%8.3×n/an/a
dip 2379.TJapan$520M-17%-9%7%68.1×-1.1%+11.0%
HRnetGroup CHZ.SISingapore$519M-9%+1%7%14.0×-13.1%+6.2%
Kelly Services KELYAUnited States$507M+40%-10%1%10.2×12.8%-1.2%
Quess QUESS.NSIndia$505M+41%-12%2%17.1×16.3%+7.1%
en Inc. 4849.TJapan$504M+60%-11%7%9.6×5.3%+6.7%
SThree STEM.LUnited Kingdom$481M+65%-9%2%42.2×10.2%+1.6%
Fullcast 4848.TJapan$401M+12%+33%9%11.6×-12.6%+12.3%
Link and Motivation 2170.TJapan$376M+4%+11%13%17.5×-0.3%+6.2%

Questions

Which companies are UT Group Co.,Ltd.'s closest peers?
The cockpit's peer set: Michael Page (PAGE.L), Grupa Pracuj spolka akcyjna (GPP.WA), Kforce (KFRC), Synergie (SDG.PA), Barrett Business Services (BBSI), Open Up (2154.T), Beijing Career International (300662.SZ), JAC Recruitment (2124.T).
Is UT Group Co.,Ltd. expensive compared with its peers?
On forward p/e it trades at 16.1× against a peer median of 15.6×, 11th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -1 pp: the price already allows for a slowdown.
How has UT Group Co.,Ltd. stock performed?
Over six months to 6 Nov 2026 the shares returned +21.7% against +18.4% for the median peer; over one year +20.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.