Employees: 34,772
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 flow | n/a | ¥7.55B | ¥5.62B | ¥3.95B | ¥12.9B |
| Capital expenditure | n/a | ¥425M | ¥404M | ¥1.52B | ¥2.51B |
| Total debt | ¥9.14B | ¥9.86B | ¥7.91B | ¥12.3B | ¥16.4B |
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.
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.
| Measure | 2146.T | Peer median | Rank 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 margin | 7.0% | 5.8% | 11th highest of 21 |
| Forward P/E | 16.1× | 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 pp | 8th most demanding of 20 |
| ROIC minus cost of capital | +47.4 pp | +7.4 pp | 2nd highest of 20 |
| EV / EBITDA | 8.8× | 9.1× | 6th cheapest of 12 |
| Net debt / EBITDA | -1.4× | -0.8× | 8th least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| UT Group Co.,Ltd. 2146.T | Japan | $868M | +22% | -13% | 7% | 16.1× | 6.7% | +7.7% |
| Michael Page PAGE.L | United Kingdom | $896M | +60% | -3% | 2% | 43.4× | 23.5% | +4.1% |
| Grupa Pracuj spolka akcyjna GPP.WA | Poland | $919M | +23% | +5% | 37% | 13.1× | -1.9% | +22.1% |
| Kforce KFRC | United States | $970M | +25% | +2% | 5% | 18.0× | 9.8% | -1.0% |
| Synergie SDG.PA | France | $753M | -3% | +5% | 3% | 11.8× | -13.4% | +8.2% |
| Barrett Business Services BBSI | United States | $725M | 0% | +6% | 4% | 18.2× | 1.9% | +7.1% |
| Open Up 2154.T | Japan | $1.11B | +12% | -11% | 10% | 13.1× | -6.5% | +11.1% |
| Beijing Career International 300662.SZ | China | $643M | -10% | +13% | 2% | 12.0× | 10.6% | +29.9% |
| JAC Recruitment 2124.T | Japan | $1.21B | +34% | +12% | 26% | 19.3× | -1.0% | +16.4% |
| Hays HAS.L | United Kingdom | $1.24B | +75% | -3% | 1% | 33.0× | 18.3% | +2.6% |
| Upwork UPWK | United States | $1.26B | +14% | -1% | 18% | 8.9× | -7.1% | +16.1% |
| SMS 2175.T | Japan | $1.31B | +33% | +8% | 11% | 31.1× | 19.2% | +12.5% |
| Groupe Crit CEN.PA | France | $534M | -20% | +1% | 3% | 8.3× | n/a | n/a |
| dip 2379.T | Japan | $520M | -17% | -9% | 7% | 68.1× | -1.1% | +11.0% |
| HRnetGroup CHZ.SI | Singapore | $519M | -9% | +1% | 7% | 14.0× | -13.1% | +6.2% |
| Kelly Services KELYA | United States | $507M | +40% | -10% | 1% | 10.2× | 12.8% | -1.2% |
| Quess QUESS.NS | India | $505M | +41% | -12% | 2% | 17.1× | 16.3% | +7.1% |
| en Inc. 4849.T | Japan | $504M | +60% | -11% | 7% | 9.6× | 5.3% | +6.7% |
| SThree STEM.L | United Kingdom | $481M | +65% | -9% | 2% | 42.2× | 10.2% | +1.6% |
| Fullcast 4848.T | Japan | $401M | +12% | +33% | 9% | 11.6× | -12.6% | +12.3% |
| Link and Motivation 2170.T | Japan | $376M | +4% | +11% | 13% | 17.5× | -0.3% | +6.2% |